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"Definitely a very big achievement": MoS Finance Pankaj Chaudhary on Choksi’s arrest

Minister of State for Finance Pankaj Chaudhary on Monday lauded the arrest of fugitive Indian businessman Mehul Choksi in Belgium, stating that it was a “very big achievement”.

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UPI no more a technology, it’s a population-scale habit: FIDE CEO Sujit Nair

You have 500 million people using DPI, UPI as a way of life, and that idea, that way of thinking of how do you bring large population, especially the people who probably do not have formal access to the economy,…

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Bangladesh-India trade tensions escalate as Dhaka shuts land ports, Delhi revokes transit rights

Tit-for-tat moves disrupt critical yarn supplies and third-country exports, hurting SMEs on both sides of the border.

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Banks may struggle to fully transmit repo rate cuts on high share of MCLR-linked loans

About 39.4 per cent of outstanding floating rate loans of scheduled commercial banks (SCBs) were still linked to MCLR and other older benchmarks like the base rate and benchmark prime lending rate, as of end-December 2024.

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‘Pharmaceutical tariffs coming in next month or two’: Howard Lutnick signals imminent tariffs on imported medicines

The U.S. is preparing to announce sweeping tariffs on pharmaceutical imports within the next two months, according to Commerce Secretary Howard Lutnick. President Donald Trump says the move will push drug companies to manufacture in America. India, which supplies over…

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India’s healthcare expenditure expected to surge from 3.3% to 5% of its GDP by 2030: CareEdge

India’s healthcare expenditure will surge from 3.3 per cent to 5 per cent of its GDP by 2030, said CareEdge in its latest report.

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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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