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Business
ITR Filing: Key Points for Claiming HRA Exemption in Your Income Tax Return
Taxpayers opting for the old income tax regime in India can benefit from the House Rent Allowance (HRA) exemption while filing their returns for the fiscal year 2025-26. This exemption…
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Business
West Asia Impact Eases, Leading to Reduced Prices for Commercial LPG and Jet Fuel
State-run oil marketing companies have reduced the price of commercial LPG cylinders by Rs 183.5 and aviation turbine fuel (ATF) by Rs 5 per litre. This adjustment follows a decline…
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Business
Nayara Energy Reduces Petrol and Diesel Prices: First Cut in Over Two Years
NEW DELHI: Nayara Energy, India’s largest private fuel retailer, has announced a reduction in petrol and diesel prices for the first time in over two years. Petrol prices will drop…
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Business
Revamping India’s Auto Tax Framework: The Impact of GST at 9
India’s automobile industry is poised for significant growth, currently ranking as the world’s third-largest market. Contributing nearly 7% to the country’s GDP and supporting over 37 million jobs, the sector…
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Business
Nine Years of GST: Enhancing Supply Chain and Capital Efficiency in the FMCG Sector
As India marks nine years of the Goods and Services Tax (GST), the reform has significantly transformed the fast-moving consumer goods (FMCG) sector. Introduced in July 2017, GST replaced a…
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Business
Trump’s $1.4 Billion Boost from Cryptocurrency: Exploring How Digital Currency Investments Enhanced the Former President’s Wealth
US President Donald Trump’s recent financial disclosure reveals a significant transformation in his income sources, with cryptocurrency now accounting for the majority of his wealth. According to the annual filing…
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Business
Consumption Surge Driven by GST Rate Adjustment
NEW DELHI: The Indian Goods and Services Tax (GST) system has undergone a significant transformation, marking the largest reset since its inception nine years ago. This shift in policy focus…
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Business
Study Reveals Significant Need for Electrical Upgrades in Homes to Support EV Charging
NEW DELHI: A recent study has revealed that nearly 45% of Indian homes will require electrical upgrades to accommodate electric vehicle (EV) charging. This finding comes as the Delhi government…
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Business
Gold’s Strategic Role Grows as Central Banks Mitigate Geopolitical Risks
Central banks worldwide are ramping up their gold holdings as geopolitical tensions influence reserve management strategies. A recent survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals that…
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Business
July-September 2026 Small Savings Schemes Interest Rates Revealed
The Finance Ministry has announced that interest rates on post office small savings schemes will remain unchanged for the July-September 2026 quarter. This decision follows a review of rates applicable…
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Business
Reserve Bank of India: Potential Iran-US Interim Peace Deal Could Boost India’s Growth
The Reserve Bank of India (RBI) has indicated that the interim peace deal between Iran and the United States could bolster India’s economic growth by normalizing supply chains and alleviating…
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Business
India’s Russian Oil Imports Surge in June Due to Hormuz Disruptions
India’s imports of Russian crude oil surged to a record high in June, reaching approximately 2.70 million barrels per day (bpd). This increase comes as Indian refiners capitalize on discounted…
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Business
Oil Prices Poised for Significant Quarterly Decline Amid Uncertain US-Iran Negotiations
Oil prices are poised for their largest quarterly decline since the onset of the Covid-19 pandemic in 2020. Investors are closely watching the potential for renewed talks between the US…
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Business
Nine Years of GST: Unifying Taxation Across Companies and Sectors Amidst Transformations
When the Goods and Services Tax (GST) was implemented on July 1, 2017, it represented a major overhaul of India’s indirect taxation system. The reform replaced a complex array of…
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Business
India’s Crude Oil Imports Recover Amid Middle East Disruptions
India’s crude oil imports have rebounded to levels close to those seen before the recent conflicts in the Middle East. This recovery comes despite ongoing disruptions in the region. Indian…
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