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India facing 41 pc rainfall deficit as southwest monsoon stalls over Maharashtra

India is experiencing a significant rainfall deficit. The southwest monsoon has stalled, causing concern nationwide. This slowdown is attributed to several meteorological factors. The situation poses challenges for kharif crops. Authorities are preparing contingency plans for farmers. Water conservation and…

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From raincoats to briefs to diapers: Textile PLI shows green shoots as imports drop, niche exports triple

India’s textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of specific items have dropped significantly. Exports of value-added textile products have nearly tripled. This initiative is helping India reduce reliance on imports and…

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High-wire diplomacy delivered US-Iran deal but hardest stage lies ahead, sources say

Pakistani mediators worked for weeks to broker a preliminary U.S.-Iran deal. Qatar’s intervention proved crucial in overcoming numerous obstacles. The agreement, announced this week, covers complex issues including Iran’s nuclear program. However, sources indicate that reaching a permanent settlement will…

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Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly increase the nation’s emergency crude storage capacity. The government aims to strengthen energy…

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IFC commits USD 371 mn to Sify to support expansion of data centres, strengthen digital economy

The IFC, a prominent entity within the World Bank Group, has announced a major investment of USD 371 million in Sify, aimed at transforming India’s digital framework. This funding will enable Sify to establish state-of-the-art, energy-conscious data centers in Navi…

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SEBI warns investors against trading unlisted securities on unauthorised online platforms

The Securities and Exchange Board of India (SEBI) on Wednesday issued a fresh caution to investors against buying, selling or transacting in unlisted securities of public limited companies through unauthorised electronic platforms and websites.

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No ITR filed despite ₹30 lakh salary: Delhi ITAT explains why ₹3.74 lakh penalty was deleted
A salaried taxpayer earning over ₹30 lakh did not file his ITR and was later fined ₹3.74 lakh for under-reporting income. Delhi ITAT deleted the penalty after finding that he disclosed his full income and the tax department accepted it without additions.
CGHS medical reimbursement rules clarified: Know ₹3,000 test limit, referral rules for employees and pensioners
CGHS has clarified rules on follow-up consultations, diagnostic tests and medical reimbursements for central government employees and pensioners. Tests costing up to ₹3,000 generally need to be done at the same hospital, while costlier investigations may require CGHS referral.
Three habits young professionals can’t afford to skip
Three habits—from reading beyond your field to questioning your assumptions—that can help young professionals stay ahead.
Freelancers earning income from US IT companies: Key FAQs answered on tax calculation, TDS, GST and ITR filing
Indian freelancers earning from US IT companies need to correctly report income, convert dollar earnings, claim expenses, and comply with ITR, DTAA, GST, and foreign-income rules. 
Husband deposits his income in wife's bank account: Is she liable to pay tax? Here's what ITAT ruling says
A ₹71.56 lakh cash deposit in a wife’s bank account came under the tax department’s scrutiny after she said the money was received from her husband. The Pune ITAT has now ruled on whether the same amount could be treated as unexplained income. 
Reverse migration? Is cash finding its way back as currency with public surges to ₹41.8 lakh crore?
At present UPI has nil charges, similar to cash transactions. However, if this changes and MDR charges are passed to customers, the public could shift towards cash. Already the margin between cash and UPI transactions is narrowing, as per a report.
Foreign asset disclosure scheme 2026: How to calculate market value of different overseas holdings — check rules
The Foreign Assets of Small Taxpayers Disclosure Scheme 2026 allows eligible taxpayers to declare certain foreign assets and income. Valuing these assets correctly is important, with different rules for shares, bank accounts, property, and other assets. 
8th pay commission: What's on the agenda for upcoming states visits and meetings? Check top updates
8th pay commission: What's on the agenda for the panel's upcoming states visits in August and September? Check top updates for the planned meetings in Jaipur, Chennai, Chandigarh, Puducherry and Mumbai.
Fact Check: Did PM Modi announce free 1-tola gold scheme on Independence Day? Here's what the PIB unit says
A viral video featuring PM Modi has been circulating on social media, claiming a free 1-tola gold for Aadhaar card holders. Here's what PIB Fact Check reveals about the alleged scheme and the authenticity of the viral video.
DA hike: BMS stages protest at Jantar Mantar to push demands — Minimum pension, OPS, labour codes on charter
The Bharatiya Mazdoor Sangh protested in Delhi today, urging the government to address long-standing demands for employees, pensioners, and unorganised workers, including a minimum wage of ₹30,000 and job security for contract workers.