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India’s forex rises for 6th straight week to touch $677.84 billion

India’s foreign exchange reserves rose by $1.57 billion to $677.84 billion for the week ended April 11, according to the weekly data released by the RBI on Friday.

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ED searches: EaseMyTrip denies association with Mahadev betting app, says no seizure made

EaseMyTrip denied any connection to the Mahadev betting app after the Enforcement Directorate searched co-founder Nishant Pitti’s premises. The search, part of a multi-state raid covering 55 locations, was conducted under the Prevention of Money Laundering Act. The company stated…

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How AI is aiding Trump’s immigration crackdown

Under President Trump, the U.S. is increasing its use of AI and surveillance to track and arrest immigrants, raising concerns about accuracy and privacy. Agencies like DHS and CBP are using tools like facial recognition and social media monitoring to…

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Health ministry in talks to shield India’s pharma industry amid impending tariffs from team Trump

India’s health ministry is actively exploring strategies to protect its pharmaceutical industry from potential US tariffs. Discussions involve a fixed tariff regime and waiving import tariffs on US pharma products. The US is also raising concerns about nutraceutical imports, prompting…

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Trump goes to war with the US Federal Reserve

President Trump has openly clashed with Federal Reserve Chair Jerome Powell over interest rate policy, even threatening to remove him. This unprecedented pressure on the Fed’s independence raises concerns about potential destabilization of US financial markets. Experts warn that compromising…

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India’s biggest banks cut interest rates on savings accounts to protect margins amid slowing deposit growth

Indian banks, including HDFC Bank and SBI, are strategically reducing savings account interest rates by 25 basis points to protect profitability amid declining CASA ratios. This move aims to lower the cost of funds and improve net interest margins, even…

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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.