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Irdai nudged on premiums, grievances: Finmin wants upgrade in claims settlements, corp governance

The finance ministry has urged Irdai to enhance vigilance on claim settlements and grievance redressal amid rising health insurance premiums. Concerns were raised about premium hikes, corporate governance in stand-alone health insurers, and declining insurance penetration.

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Amazon, Microsoft use AI to generate 25% of their code: Will it take away jobs of software engineers in 2025?

The tech industry faces ongoing job cuts in 2025, largely attributed to the rise of generative AI. Major companies like Alphabet and Microsoft are increasingly using AI for code generation, impacting entry-level positions. This shift has led to concerns among…

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Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices plummeted to their lowest in over a week following President Trump’s announcement of a ceasefire agreement between Iran and Israel, easing concerns about potential supply disruptions. Brent crude futures fell by 3.76% to $68.79 a barrel, while U.S.…

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Trump announces a ceasefire in Iran-Israel war, but status remains unclear amid strikes

President Trump announced a ceasefire between Israel and Iran, but its status remains uncertain amidst ongoing strikes. Iran stated it would halt attacks if Israel ceased aggression by a specific deadline, though missile launches continued.

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Private power firms urge gradual phase-out of green energy transmission waiver

In a representation to the Centre, the Electric Power Transmission Association (EPTA) urged the government to adopt a more flexible approach to the planned withdrawal of the Inter-State Transmission System (ISTS) waiver.

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GAIL to invest ₹844 crore in expanding gas pipeline capacity

GAIL also said it has pushed back the completion scheme of its 1,702 km Mumbai-Nagpur-Jharsuguda pipeline project from June 30, 2025 to September 30, 2025.

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  • ITR filing AY 2026-27: 5 key tax rules that intraday and F&O traders must know before filing returns

    ITR filing for AY 2026-27 requires intraday and F&O traders to report business income correctly using ITR-3. Check the latest disclosure rules, business codes, turnover reporting requirements, tax audit thresholds, filing deadline and common mistakes to avoid for smooth tax compliance.

  • 8th Pay Commission: Can salaries rise by over 60%? Here's how HRA, TA & DA proposals may boost pay for level 1 payments

    The 8th Pay Commission could significantly increase central government salaries if proposals on fitment factor, HRA, TA and DA merger are accepted. While estimates suggest a 60% rise in some cases, the government is yet to take a final decision.

  • ITR filings move at a slow pace as deadline nears: Expert explains why an extension beyond 31 July is unlikely this year

    With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.

  • Income-Tax Returns: What is authorised representative? Check full list of circumstances, services, eligibility here

    Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.

  • ITR 2026: Senior citizens can claim ₹50,000 deduction even without health insurance —Here's how

    The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to ₹50,000 for medical expenses, available only under the old tax regime.

  • Bought US startup shares using overseas savings? Here's how India will tax it

    A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.

  • EPFO: Taxation rule on Voluntary Provident Fund — the ₹2.5 lakh VPF threshold, explained

    VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over ₹2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.

  • ₹17L tax refund denied after taxpayer missed ITR e-verification while caring for ill father: Here's what ITAT ruled

    A Delhi taxpayer was denied a ₹17 lakh tax refund due to the late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favour.

  • Tamil Nadu: 25% salary hike for TASMAC liquor outlet employees to curb overcharging — See how pay increases

    The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms — curb corruption and overcharging at these stores. Here's all we know…

  • HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI

    HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

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