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New Delhi [India], April 9 (ANI): The US Embassy in India on Thursday posted a quote wherein US Vice President JD Vance had said that India and the US have much to offer one another. The Embassy quoted Vance as saying that India has the most exciting start-up technology in the world. In a post on X, the Embassy said, ""India and the United States have so much to offer one another. We've got great hardware -- the leading artificial intelligence hardware in the world. You have one of the most ex ...Read More >
New Delhi: Pakistan Prime Minister Shehbaz Sharif's call for a Middle East ceasefire on X does not appear to have been written by his own office. The edit history of the post shows that the full text came from an outside draft, complete with a header that no Pakistani official would ordinarily use. Sharif published the message on April 7, 2026. It asked US President Donald Trump to extend a deadline by two weeks, urged Iran to open the Strait of Hormuz for the same period as a goodwill gestur ...Read More >
New Delhi [India], April 7 (ANI): Foreign Secretary Vikram Misri will visit the United States of America from April 8-10. During his visit, discussions will take place to review the full spectrum of India-US ties and also regional and global developments, the Ministry of External Affairs said on Tuesday. In an official statement, the MEA said that the Foreign Secretary's visit to Washington DC would, "provide an opportunity to review the full spectrum of India-U.S. bilateral relations and advan ...Read More >
Chennai: It has been a year since the US President announced the 'Liberation Day' tariffs and sent the global economies on a roller-coaster ride till they got some reprieve from the US Supreme Court. The talks for a trade deal with India, which started even before the announcement of the tariffs, still hangs in a limbo. The first shock from Donald Trump came on April 2, 2025, when he announced the reciprocal tariffs on its trade partners. He imposed a 10 per cent tariff on all countries and levi ...Read More >
New Delhi, Apr 1 (PTI) The Income Tax Act, 2025, which came into force from Wednesday, marks a new chapter in India's tax administration and is an important step towards Viksit Bharat, the Central Board of Direct Taxes (CBDT) said. The new Act replaced the six-decade old Income Tax Act, 1961, and reduced the volume of the legislation significantly. "It marks a shift towards greater clarity and ease of compliance through simple language, a streamlined structure and a reader-friendly presentatio ...Read More >
New Delhi, Apr 1 (PTI) A bill to amend the Foreign Contribution Regulation Act (FCRA) is unlikely to come up before the Lok Sabha in the ongoing Budget session for consideration amid opposition's concerns over some of its provisions, sources said on Wednesday. In the Lok Sabha, the FCRA (Amendment) Bill was listed for consideration and passage. But as soon as the Question Hour began at 11 am, opposition members, mainly from Kerala, started raising slogans against the provisions of the Bill. Pa ...Read More >
New Delhi, Apr 1 (PTI) Corporate credit profiles remained resilient in 2025-26, with rating upgrades significantly outpacing downgrades, reflecting healthy balance sheets, steady domestic demand, and continued policy support, ICRA said on Wednesday. During FY26, ICRA upgraded 388 entities compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times, a notable improvement from 2 times in FY25 and 2.1 times in FY24. The overall credit quality remained benign, supported by stable o ...Read More >
New Delhi, Mar 30 (PTI) The income tax department on Monday said "banking company" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS on interest income beyond the prescribed threshold. Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for ordinary citizens, or Rs 1 lakh for senior citizens, in a financial year. In a post on X, the income tax department said under Section 402 of the ...Read More >
Mothers and their newborns participate in a workshop at the Maison de Naissance birth center in Bourgoin-Jallieu, France. (Jean-Philippe Ksiazek/AFP/Getty Images) BUDAPEST -- After years of people having fewer children, Europe is on the brink of a great contraction. Next year, the European Union expects its population to hit a peak before sliding into the first sustained decline on the continent since the 14th-century Black Death. That trajectory has raised alarms about shrinking workforces an ...Read More >
New Delhi, Oct 28 (PTI) Rating agency ICRA on Tuesday reported a 29.4 per cent rise in consolidated net profit to Rs 48 crore for the September quarter. ICRA had posted a net profit of Rs 37.1 crore in July-September period last year. Consolidated revenue from operations increased 8.3 per cent to Rs 136.6 crore for the second quarter of the ongoing fiscal year, compared to Rs 126.1 crore a year earlier. The profit after tax for the half year ended September 2025 increased 24.4 per cent to Rs ...Read More >
Patna, Oct 20 (PTI) The Rashtriya Janata Dal (RJD) on Monday announced its list of 143 candidates for the Bihar assembly polls, five of whom would end up contesting against nominees of the other INDIA bloc constituents. The list was released hours before the filing of nomination papers for the second and final phase was to be over. It put paid to rumours that the RJD was going to contest the Kutumba seat, currently held by state Congress president Rajesh Kumar Ram, which would have led to a fu ...Read More >
New Delhi, Sep 29 (PTI) Global rating Moody's on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term local-currency rating at P-3. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing ec ...Read More >
New Delhi, Sep 29 (PTI) Moody's Ratings on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a 'Stable' outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India's other short-term local-currency rating at P-3. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing eco ...Read More >
New Delhi, Sep 16 (PTI) Insurance companies will not be able to claim input tax credit on GST paid on inputs like commissions and brokerages for individual health and life insurance policies with effect from September 22, the CBIC said on Tuesday. The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of FAQs clarifying on the taxation of various goods and services when the new GST slabs kick in from September 22. The GST Council in its meeting on September 3 had decided to ex ...Read More >
New Delhi, Sep 15 (PTI) The government on Monday extended the due date for filing income tax returns (ITRs) for Assessment Year 2025-26 by a day to September 16 as technical glitches disrupted filings on the last day. A record over 7.3 crore ITRs were filed till September 15, surpassing last year's 7.28 crore, the Central Board of Direct Taxes (CBDT) said in a post on X. "To facilitate further filings of ITRs, the due date has been extended by one day (16th September 2025)," the CBDT said. Th ...Read More >
New Delhi, Sep 15 (PTI) The Income Tax Department on Monday said more than 7 crore I-T returns have been filed till evening on Monday as the filing deadline closes in, amid netizens complaining of glitches in the I-T department portal for e-filing and advance tax payment. The e-filing portal faced a huge traffic on Monday which is the last date for filing ITRs for AY 2025-26. Also, Monday is the last date for payment of the second quarterly instalment of advance tax for the ongoing fiscal year. ...Read More >
New Delhi, Sep 15 (PTI) The Income Tax Department on Monday said more than 7 crore I-T returns have been filed so far as the filing deadline closes in, amid netizens complaining of glitches on the portal and demanding an extension. The e-filing portal faced huge traffic as the deadline for filing returns ends on Monday. Despite demands, the department has not given any indication of extending the deadline for filing of income tax returns (ITRs) by individuals, HUFs and those who do not have to ...Read More >
New Delhi: The coming week promises to be busy for IPO investors, with two mainboard issues and three SME offerings opening for subscription, alongside 11 listings lined up across exchanges. Mainboard IPOs Euro Pratik Sales IPO: Decorative wall panel maker to launch a Rs 451.31 crore OFS issue from September 16-18, priced at Rs 235-247. Minimum bid size: 60 shares (Rs 14,820). Allotment on September 19, listing on September 23 (BSE, NSE). VMS TMT IPO: Gujarat-based steel bar producer to raise ...Read More >
New Delhi, Sep 13 (PTI) More than six crore income tax returns for Assessment Year 2025-26 have been filed so far, the Income Tax department said on Saturday. The last date to file ITRs without penalty is September 15. "Thank you taxpayers & tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now and still counting," the I-T department said in a post on X. To assist taxpayers for ITR filing, tax payment and other related services, our helpdesk is fu ...Read More >
New Delhi [India] September 13 (ANI): Underlining that India and Nepal are "close neighbours, fellow democracies and long-term development partners", the Ministry of External Affairs (MEA) on Friday welcomed the formation of an interim government in Kathmandu led by former Chief Justice Sushila Karki, expressing hope that the move would "help foster peace and stability" in the Himalayan nation. In its response, the MEA said India "will continue to work closely with Nepal for the well-being and ...Read More >
Agra (Uttar Pradesh) [India], September 12 (ANI): Myanmar Army's Lieutenant General Ko Ko Oo visited the Shatrujeet Brigade, where he was briefed on the Brigade's training, specialised operational capabilities and its role in modern warfare, a statement by the Indian Army said on Friday. The delegation also held talks on the emerging security challenges. Also Read | Charlie Kirk Assassination: US Vice President JD Vance Expresses Gratitude to Utah Governor Spencer Cox, FBI Director Kash Patel ...Read More >
New Delhi, Sep 3 (PTI) The GST Council is likely to have approved lowering the GST rate on footwear and apparel priced up to Rs 2,500 to 5 per cent, sources said on Wednesday. Currently, footwear and apparel priced up to Rs 1,000 are taxed at 5 per cent. Beyond the threshold, 12 per cent Goods and Services Tax (GST) is levied. The 56th GST Council, chaired by Union Finance Minister Nirmala Sitharaman and attended by state counterparts, decided to raise the threshold for footwear and apparel in ...Read More >
New Delhi, Sep 1 (PTI) TCA Kalyani has assumed charge as the Controller General of Accounts (CGA) in the Department of Expenditure, the finance ministry said on Monday. A 1991-batch officer of the Indian Civil Accounts Service (ICAS), Kalyani is the 29th officer to hold this prestigious position. Before assuming charge as CGA, Kalyani served as the Principal Chief Controller of Accounts (Pr CCA), Ministry of Home Affairs, where she oversaw the budgeting and accounting of one of the largest Min ...Read More >
WASHINGTON, Aug 22 (Reuters) - President Donald Trump said on Friday he would nominate Sergio Gor, one of his closest aides, to be the next U.S. ambassador to India, where he will oversee frosty relations that have worsened with the planned doubling of U.S. tariffs on India next week. Gor, who is currently the director of the White House Presidential Personnel Office, would also serve as a special envoy for South and Central Asian affairs. Trump said in a post on his Truth Social account that ...Read More >
New Delhi, Aug 25 (PTI) The Finance Ministry on Monday introduced a one-time one-way switch facility from the newly introduced Unified Pension Scheme (UPS) to the National Pension System (NPS). From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified Pension Scheme (UPS) till July 20, and the ...Read More >
New Delhi, Aug 22 (PTI) The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an office memorandum, the GST Council Secretariat said the two-day meeting will be held in New Delhi. The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance. The Gr ...Read More >
New Delhi, Aug 18 (PTI) Amid concerns about the revenue impact of the Centre's pro-middle-class 'Next Gen GST' with a proposed two-slab structure, government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption. Under the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 per cent of the Cent ...Read More >
New Delhi: Retirement fund body Employees' Provident Fund Organisation (EPFO) has issued its latest circular easing the process of Aadhaar seeding, UAN correction, claim settlement among other provisions. In its circular released on 13 August 2025 EPFO said that in all cases where the Name, Gender and Date of Birth as available in the UAN matches exactly with those in Aadhaar, then the member can approach his/her Employer, who can seed Aadhaar with the UAN of the Member through KҮС functionalit ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi, Aug 14 (PTI) S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after a gap of nearly 19 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. "India remains among the best performing economies in the world...The quality of government spending has improved in the past five to six years," S&P Global Ratings said. The impact of US tariffs on the Indian economy will be ...Read More >
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