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US Treasury chief says 15% global tariff likely implemented this week

US Treasury Secretary Scott Bessent said Wednesday that Donald Trump’s 15-percent global tariff is likely to be rolled out this week, as the president moves to rebuild his trade agenda after a major legal setback. Since then, the US leader…

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Airline ticket prices soar on Asia-Europe routes after Gulf airport closures

Australia’s Flight Centre Travel Group has experienced a 75% increase in calls to its stores and emergency assistance lines since the crisis began, with teams having to work around the clock to help customers. Global Managing Director Andrew Stark said…

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Trump’s Iran war powers survive Senate challenge in 53-47 vote

Senate Republicans blocked a bipartisan resolution to curb President Trump’s war powers against Iran, voting 53-47 against advancing the measure. Supporters argued it was a bid to reclaim Congress’s constitutional authority to declare war, while opponents deemed Trump’s actions legal…

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Oil price up more than 1% in early Asian trade

Oil prices were up more than one percent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict. But following days of market declines, Asian stocks rose in early trade…

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India-UK trade deal faces challenges amid West Asia conflict

India’s new trade deal with the UK faces a potential hurdle. The ongoing West Asia crisis is impacting sea routes. Vessels are rerouting away from key passages. This could affect India’s exports in the initial phase of the agreement. Gem…

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Iran says will hit all Mideast economic hubs if US-Israeli attacks persist

An Islamic Revolutionary Guard general warned Tuesday that continued US-Israeli attacks would see Iran conduct reprisals against “all economic centres” in the Middle East. “We are saying to the enemy that if it decides to hit our main centres, we…

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News

  • How balanced credit mix improves credit score, boosts loan eligibility, say experts

    A healthy credit mix can improve your credit profile by showing responsible borrowing behaviour. Here's how secured and unsecured loans, timely repayments and low credit utilization influence credit scores constructively and help borrowers access better financial opportunities.

  • 8th Pay Commission: Top 5 latest official updates central government employees and pensioners must know

    The 8th Pay Commission is holding stakeholder meetings and consultations. Central government employees can track key developments and submission deadlines before recommendations on salaries, pensions and allowances are finalized.

  • Property inheritance: How this one document can prevent family disputes later

    A missing property document can lead to legal disputes over inheritance. Estate planning is essential for ensuring asset distribution aligns with one's wishes and minimises conflict among heirs after the owner's death. Here are the key components of estate planning. 

  • Bank holidays in August: SBI, HDFC, other lenders to be closed for 14 days next month; Check full RBI calendar here

    In August 2026, RBI has marked 14 holidays for banks, during which in-branch services will not be available. UPI, ATM and other such essential services remain functional on holidays. Check full RBI's bank holiday calendar for next month here.

  • EPFO mandates PF, pension claim settlement within 20 days — What to do if it's delayed?

    EPFO employees will experience faster settlements for provident fund, pension, and insurance claims, with a 20-day processing rule. Delays incur a 12% penal interest. Here's how employees can submit their complaints. 

  • EPF interest credit delayed? What it means for your savings

    EPFO members have begun receiving the annual interest of 8.25% for FY2025-26 in their provident fund accounts, starting July 15. Interest is credited annually, and updates may take time to display, but any delays do not affect the amount earned.

  • Gifting money to your spouse? Here's when tax applies and who pays it

    Transferring money to a low-income spouse to reduce tax liability can backfire, as income may be taxed in your hands under clubbing provisions if invested. Details here.

  • EPF withdrawal tax rules explained: When your corpus is tax-free, when it is taxable and how TDS works

    EPF withdrawals are tax-free if an employee completes five years of continuous service. Withdrawals before five years may be taxable, except in certain cases such as ill health or employer closure. TDS rules depend on the withdrawal amount. 

  • REITs vs REIT mutual funds vs physical property: A complete guide to capital gains tax, TDS and post-tax returns

    The same real estate exposure can result in different post-tax returns. REIT mutual funds and listed REITs offer a shorter holding period for long-term capital gains than direct property, while differences in income taxation and TDS can further impact investor returns.

  • ITR filing deadline nears: Why the 31 July deadline is more important than you think

    Missing the ITR due date can have consequences beyond a late filing fee. Delayed filing may lead to interest on unpaid taxes and the loss of key tax benefits, such as carrying forward capital losses. Knowing the applicable deadline can help taxpayers avoid unnecessary costs.

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