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Science push: Cabinet approves Rs 2,277 crore CSIR capacity building scheme; to strengthen R&D ecosystem

The Union Cabinet has approved a Rs 2,277.40 crore scheme to boost capacity building and human resource development in science and technology. Implemented by CSIR, the initiative aims to provide opportunities for young researchers across various STEMM fields. This scheme…

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Union Cabinet approves Rs 69,725 crore package to revitalise shipbuilding-maritime sector

The Indian government has approved a massive financial package. It aims to boost the shipbuilding and maritime sectors. The Union Cabinet, led by Prime Minister Narendra Modi, sanctioned Rs 69,725 crore. This investment will strengthen domestic capacity. It will also…

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Tata 1mg seeks $200 mn funding: Novo Holdings, CPPIB show interest; potential investors not agreeable to $1.25 bn valuation

Tata 1mg, Tata Digital’s online pharmacy, plans to secure $200 million through new funding. Novo Holdings and CPPIB show interest. Valuation disagreements exist, potentially leading to Tata Sons investing $75 million. The company needs $125 million. Revenue is up, losses…

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Demand for extension of due date of tax audit report and ITR filing is getting wider with many tax bodies writing to finance minister and PMO

The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the Income Tax e-filing portal. They cite delayed form releases, persistent glitches, and a non-functional helpline, causing significant stress and financial burden for taxpayers…

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Ministry of Commerce and Industry hosts seminar on IPR chapter in India-UK trade agreement

The Ministry of Commerce & Industry brought together policymakers, domain experts, academia and industry representatives to deliberate on the opportunities and concerns related to the Intellectual Property Rights (IPR) provisions of the India-UK Comprehensive Economic and Trade Agreement (CETA).

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India’s EXIM Bank boosts credit to exporters hit by US tariffs, eyes Africa expansion

INDIA-TRADE-EXIM-India’s EXIM Bank boosts credit to exporters hit by US tariffs, eyes Africa expansion

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News

  • Made a mistake in your tax return? Here's how to correct it even after receiving a refund

    Taxpayers can correct mistakes in their income tax return by filing a revised return without facing penalties. The deadline for revisions is now extended to March 31 of the following year. 

  • Can investing in an under construction property help you save capital gains tax? Check Section 54 rules

    Investing capital gains in an under construction residential property is permissible for claiming the tax exemption, but there are strict timelines

  • Switched jobs? Here's why you should transfer your EPF balance instead of leaving it behind

    When changing jobs, employees often have multiple EPF accounts linked to the same UAN. Transferring these to the current account simplifies management, preserves service history, and eases withdrawals.

  • Wrong EPF nominee can make your nomination invalid; Who is eligible and how to update or change it

    EPF accounts require members to nominate beneficiaries for their accumulated funds and benefits. Ineligible nominations can invalidate claims. Here's who qualifies as a nominee and how you can update or change nominee details.

  • TCS on car purchases explained: Who pays it, how to claim a refund?

    The sale of motor vehicles above a specified value attracts TCS under Section 206C(1F). As per the provision, car dealers or sellers must collect TCS from buyers when the sale consideration of a motor vehicle exceeds Rs. 10 lakh

  • ITR filing 2026: 5 mistakes that could cost salaried taxpayers dearly

    Tax filing mistakes often come to light only after a return is submitted, leading to refund delays, tax demands or compliance hassles. From unreported income to Form 26AS mismatches, here are five errors taxpayers should avoid while filing their ITR.

  • ITR filing 2026: Can presumptive taxpayers switch between old and new tax regimes every year?

    The new tax regime is now default for taxpayers, allowing salaried individuals to choose annually between old and new options. Business income earners face restrictions. Here are the rules that apply to presumptive taxpayers. 

  • Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    Arbitrage funds are a type of hybrid mutual fund that aims to generate returns by taking advantage of price differences in the cash and futures markets. These funds must invest at least 65% of their assets in equities and equity-related instruments while following an arbitrage strategy.

  • EPF withdrawal limits 2026: Marriage, education, home purchase explained

    EPFO allows members to withdraw a portion of their provident fund savings for education, marriage, housing and home-loan repayment, subject to specified conditions. Here is a breakdown of the eligibility criteria and maximum withdrawal limits under the latest EPFO guidelines.

  • ‘I need to reconsider moving back’: NRI shocked after calculating what it really costs to live in Bengaluru or Mumbai

    An expat in New Zealand underestimated living costs in India, believing ₹60,000 would suffice for a family of four. A financial advisor revealed that modern expenses in cities like Bengaluru exceed ₹2.5-3.5 lakh monthly, urging NRIs to reassess their relocation assumptions carefully.

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