1 Abroad shopping sprees are all set to leave your wallet a tad lighter, with effective customs duty on goods imported for personal use rising from 10% to 11%. Gifting an OMEGA Speedmas‑ ter Moonwatch CHRONO to your beloved for Val‑ entines, may now cost approximately Rs 8,000 more as compared to nearly Rs 8,04,384…
Government aims at raising Rs 80,000 crore from divestment and asset monetisation in 2026-27, a sharp increase from the revised estimate of nearly Rs 34,000 crore.While govt has moved away from mentioning a specific target for asset sales in state-run firms, the realisations from divestment are mentioned under what is called the miscellaneous capital receipts.Economic…
Gold price today: Gold continued to trade in red on Monday, extending losses on the Multi Commodity Exchange (MCX), triggering lower circuit limits as investors rushed to book profits. Gold prices slumped by 6%, shedding nearly Rs 9,700 per 10 grams on MCX. The decline marked the third consecutive day of losses for gold futures,…
No change in tax transfers, Finance Commission cautions on cash transfer surgeWhen the 16th Finance Commission began work, one concern for the southern states was a fall in their share of tax transfers from the Centre. Having invested in population control and human development over decades, they did not want to be penalised for outperforming…
Volatility in the near term could intensify after CME Group announced an increase in margin requirements for Comex gold and silver futures starting Monday. (AI image) Gold, silver price today: Gold and silver prices continued their steep decline on Monday, dropping sharply on Multi Commodity Exchange (MCX) futures trade. This is the third consecutive day…
India’s factory activity picked up marginally in January after slipping to a two-year low the previous month. The sector was helped by strong inflows of new orders, even as sentiment among manufacturers weakened sharply, a monthly survey showed on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.4 in January…
Trump H-1B Visa Overhaul: Impact on Indian Professionals and US Tech Sector A once-strategic partnership between the United States and India, long built on mutual economic benefit, innovation and people-to-people ties, is now straining under sweeping immigration and trade policies implemented under former President Donald Trump’s administration. Policies such as the drastic H-1B visa fee…
After plunging nearly 20%, gold and silver ETFs managed to offset some of their losses on Monday. The Bombay Stock Exchange, imposed trading limits on ETFs of the two metals due to increased volitality. The imit came after a sharp sell-off from record highs, which sparked massive price swings across bullion markets and related exchange-traded…
Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be deployed to…
Finance minister Nirmala Sitharaman unveiled the Union Budget 2026 on February 1, setting out a clear roadmap for individual taxpayers. While personal income tax rates and the broader structure of taxation stays untouched, the Budget introduced a range of reforms to further simplify the process for taxpayers. The measures focus on easing return-filing timelines, reducing…
