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Government examining impact of US tariff, will take necessary steps to safeguard national interest: Piyush Goyal tells Parliament

The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.

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AIIB sees India exposure growing to USD 20 bn in 5 yrs from USD 12 bn

Asian Infrastructure Investment Bank may increase its investment in India. The investment could reach USD 20 billion in five years. Currently, AIIB’s exposure to India is USD 12 billion. AIIB has asked borrowers to list potential projects. The bank plans…

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Fiscal deficit at 17.9 pc of full-year target in Q1: CGA data

India’s fiscal deficit reached 17.9 percent of its full-year target by June. The Controller General of Accounts released the data. The fiscal gap for April-June 2025-26 stood at Rs 2,80,732 crore. Net tax revenue was Rs 5.4 lakh crore, 19…

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Rupee suffers worst monthly drop since 2022 on tariff blow, portfolio outflows

The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S. tariff concerns and persistent portfolio outflows, with traders and analysts seeing little relief for the currency in the near term.

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India fastest growing major economy, Trump’s perception of ‘dead economy’ misplaced: Analysts

Despite US President Trump’s “dead economy” remark, international agencies like the IMF project India as the fastest-growing major economy. Experts highlight India’s dynamic economy, youthful population, and technological prowess, attracting foreign investment and talent. The IMF commends India’s prudent policies…

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Nuvama shares fall 4% on reports of income tax search in connection to Jane Street case

Nuvama Wealth Management shares fell nearly 4% after Income Tax officials searched its offices in connection with the Jane Street market manipulation case. Although not directly accused, Nuvama’s link as Jane Street’s Indian partner has spooked investors amid regulatory scrutiny.

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  • Dearness allowance delay July 2026: Government employees await DA hike and arrears update — what to watch next

    Central government employees and pensioners are still awaiting the July 2026 dearness allowance (DA) and dearness relief (DR) revision. Despite recent Cabinet meetings and bonus announcements, the Centre has not confirmed the hike, revised rate or arrears payment timeline.

  • Need an air ambulance? Your health policy may not cover the full cost

    Air ambulance cover varies widely across health policies, with sub-limits, approval requirements and claim conditions. A few clauses can determine whether families pay lakhs out of pocket.

  • Gold, silver prices today, 22 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

    Gold and silver prices fell on 22 October. Check the latest retail rates of 24K and 22K gold and 999-purity silver in Delhi, Mumbai, and Kolkata. Here's how prices have changed and what to watch ahead of the US Federal Reserve’s policy meeting. 

  • GIFT City funds vs international mutual funds: Returns, minimum investment and tax compared

    With many international mutual funds closed to fresh investments under RBI’s $7 billion overseas cap, GIFT City funds offer Indian investors another route to US and global equities. Here’s how they compare on minimum investment, taxation and returns, and what the LRS limit means for you.

  • Sold a house and bought another within 2 years? Here's when capital gains could still be taxable – Section 54 rules

    Sold a residential house and reinvested the capital gains? Section 54 of the Income-tax Act, 1961, now Section 82 under the 2025 Act, offers tax relief subject to specific conditions. Here’s when the exemption can be denied or withdrawn.

  • Fuel prices today: Check petrol, diesel and CNG rates on 22 October in different cities across India

    On 22 October, petrol and diesel prices were unchanged across 14 cities. CNG prices rose in nine of 13 locations and held steady in four; Chennai, 

  • Which transactions can trigger notice from Income Tax Department? Know rules for large cash deposits and UPI transfers

    Large UPI transfers do not automatically trigger income tax notices, but unexplained bank credits can attract scrutiny. From freelancers to individuals receiving money for others, here's when digital transactions may raise red flags and what records to keep.

  • Term insurance claim amount rejected after death: Which common mistakes can put your family's payout at risk? List here

    Term insurance provides a death benefit to beneficiaries during a fixed policy term, helping families manage debts and future expenses. Here's why a claim can get rejected.

  • DA hike 2026: No festive relief yet for 1.2 crore employees and pensioners. When will Centre announce the 3% increase?

    Central government employees and pensioners face a longer wait for the July 2026 DA hike. The expected 3% increase could raise DA to 63%, boosting salaries and pensions. Here's what the delay means for monthly payments and arrears.

  • NPS vs mutual funds: Need your retirement savings at 35? Check withdrawal rules, lock-in periods and tax benefits

    NPS and retirement-focused mutual funds differ in withdrawal rules, lock-in periods and tax benefits. Investors planning a home purchase, career break or early retirement should understand how much of their savings they can access and when.

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