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Trump doubles tariff on India to 50% over Russian oil purchase

U.S. President Donald Trump on Wednesday signed an executive order imposing an additional 25% tariff on Indian imports, citing India’s continued purchase of Russian oil. The new duty will take effect 21 days from the order’s signing, but goods already…

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PM Modi to visit China on August 31 in first trip since 2020 Galwan Valley clash

Prime Minister Narendra Modi is set to visit China on August 31, his first trip since the 2020 Galwan Valley clashes. This visit, following a potential trip to Japan, includes attending the Shanghai Cooperation Organisation (SCO) summit in early September.

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Govt invites proposals for e-commerce export hubs to support small exporters

The initiative seeks to ease e-commerce exports for SMEs and artisans by cutting logistics costs, simplifying regulations, and streamlining return procedures.

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India Inc CFOs cheer RBI’s 6.5% GDP forecast despite Trump tariffs, see festive demand and tax relief boosting consumption

Despite global uncertainties, India Inc CFOs believe domestic consumption will remain the core driver of India’s economy in FY26. With inflation easing, tax reliefs boosting household budgets, and the festive season around the corner, a second-half revival in demand is…

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Will users have to pay for UPI? RBI governor says it’s not important who foots the bill

The government currently subsidises the system, with banks and other ecosystem players incurring no direct charges for processing large transaction volumes.

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Rate cut likely in next RBI MPC meet amid global developments: Morgan Stanley

Morgan Stanley on Wednesday said that in terms of policy response, it sees the likelihood of another rate cut by the RBI in Q4 (likely in October policy) amid headwinds from tariff-related developments.

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News

  • US shifts $1.7T student loan system to Treasury — what it means for borrowers in default

    While only Congress can formally dismantle the department, the administration is pursuing incremental changes through inter-agency agreements.

  • NRIs selling property in India may have to pay higher taxes: All you need to know

    NRIs reportedly face higher tax implications when selling property in India due to revised capital gains tax rules and increased TDS rates. Proper planning, understanding exemptions, and compliance with regulations are essential to minimise tax liabilities and ensure smooth transactions.

  • What is minimum due on credit card and can not paying full amount affect your credit score?

    The minimum payment is usually about 5% of your total outstanding bill. This is the minimum amount you must pay each month on a credit card.

  • Planning to redeem your mutual funds? Know how FIFO method affects capital gains tax, how it is calculated

    Investing in equity mutual funds is popular for long-term wealth. When redeeming, capital gains tax may apply based on profits and holding periods. The FIFO method determines which units are sold first, impacting tax calculations for short-term and long-term capital gains.

  • 8th Central Pay Commission schedules meetings with unions, associations from 28-30 April 2026 in Delhi — What we know

    8th Pay Commission says it is scheduling maximum meetings with Unions and Associations between 28 to 30 April in Delhi and will hold more meetings in the national capital and in other states “in due course”.

  • How high should your credit score be to secure the best home loan deal?

    The score, which usually ranges from 300 to 900 points, tests one’s capability to pay debts. The significance of a credit score is that it indicates just how creditworthy an individual is.

  • New ITR-4 form introduces mandatory investment disclosure for presumptive taxpayers: Here's how to file step-by-step

    To file ITR-4 for AY 2026-27, visit the Income Tax e-Filing Portal, verify details, enter income and deductions, validate the form, and submit using Aadhaar OTP or EVC. Eligibility includes earning under ₹50 lakh from business, with specific conditions for freelancers and property owners.

  • 8th Pay Commission: Teachers' body demands ₹50,000 basic pay, higher HRA, annual increments, old pension scheme—Details

    PSNM demands a minimum basic pay of ₹50,000 for Level 1 employees and ₹1,34,500 for Level 6 teachers in the 8th Pay Commission. Key demands include higher HRA, annual increments, merging basic pay with DA, and restoring the Old Pension Scheme.

  • Will govt employees be paid DA, DR arrears for Covid times ahead of 8th Pay Commission? What we know

    Central government employees and pensioners await DA and DR arrears from the COVID-19 period. The Finance Ministry confirmed in 2020 that these payments cannot be released, despite ongoing demands. A recent increase of 2% in DA and DR has been approved, effective January 1, 2026.

  • DA hike: How much monthly increase in salary does each employee level get from 2% jump in dearness allowance?

    The Ministry of Finance said Dearness Allowance (DA) payable to central government employees shall be increased from 58% to 60% of Basic Pay, with effect from 1 January 2026. Here's how much that impacts the monthly income…

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