CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction in…
China has intensified efforts to cement its dominance over rare earth metals as the United States moves to build a broad international coalition to secure critical mineral supply chains, official and media reports said.Chinese Premier Li Qiang this week visited Ganzhou in Jiangxi province — one of the world’s largest heavy rare earth production bases…
Valentine Day 2026: Love is getting costlier this Valentine’s season with red roses -the quintessential symbol of romance – selling for as high as Rs 100 per piece in Shimla markets amid strong seasonal demand linked to Valentine’s Day and the ongoing wedding season.During the off-season, red roses typically retail between Rs 20 and Rs…
Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics…
India’s unique talent pool would be its biggest strength in weathering the US immigration crackdown. (AI image) US President Donald Trump’s hike in H-1B visa fee – an important visa programme – may have a limited impact on India’s IT sector which currently uses this visa provision extensively. Trump has introduced a weighted H-1B visa…
The Reserve Bank of India (RBI) on Thursday issued draft directions to revise and consolidate guidelines on the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects and addressing emerging requirements in the agriculture sector.The central bank has invited comments and feedback on the draft guidelines from regulated entities, members of the…
India will receive concessional duty access for garments made using American yarn and cotton under the proposed trade agreement with the United States, similar to benefits currently available to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.The US has reduced reciprocal tariffs on Bangladeshi goods to 19%, though garments attract zero duty only…
US tax refund tracker: US taxpayers can track their income tax refund status using the Internal Revenue Service’s (IRS) “Where’s My Refund” tool, which provides near real-time updates on refund processing stages, expected timelines and payment status.According to information available on the IRS website, refund status generally becomes visible within 24 hours after e-filing a…
Retail inflation stood at 2.75 per cent in January 2026 under the new Consumer Price Index (CPI) series with base year 2024=100, the government said. Year-on-year inflation based on the All India CPI (Base 2024) for January 2026 stood at 2.75 per cent (provisional) compared with January 2025. The corresponding inflation rates were 2.73 per…
Benchmark equity indices ended lower on Thursday, dragged down by a sharp sell-off in technology stocks amid global uncertainty and concerns around AI-led disruption in IT services. The 30-share BSE Sensex declined 558.72 points, or 0.66 per cent, to settle at 83,674.92. During the session, it tanked 716.97 points, or 0.85 per cent, to hit…
