President of the European Commission Ursula von der Leyen talks during the Annual Meeting of the World Economic Forum in Davos (AP photo) India is close to signing a trade deal with the European Union, as stated by EU chief Ursula von der Leyen during the World Economic Forum in Davos on Tuesday.“There is still…
Central government employees and pensioners are eagerly awaiting clarity on their revised salaries and pensions after the formation of the 8th Pay Commission. The panel, chaired by Ranjana Prakash Desai, is expected to finalise a fitment factor and submit its recommendations to the Centre. Once the government approves, the revised pay structure will come into…
EU chief Ursula von der Leyen European Union chief Ursula von der Leyen on Tuesday warned the United States against imposing punitive tariffs on European allies over Greenland, calling such a move a “mistake” and cautioning that it could damage long-standing partnerships.Speaking at the World Economic Forum in Davos, von der Leyen said, “The proposed…
Silver made a stellar debut in 2026, soaring over 35%, or nearly Rs 85,000 per kg, investors rush towards the precious metal amid tightening supplies and escalating geopolitical tensions involving the US, Iran and Greenland. The white metal’s momentum further strengthened after MCX silver futures decisively crossed the Rs 3 lakh per kg milestone. During…
Walmart-backed digital payments firm PhonePe on Tuesday received regulatory approval from market watchdog SEBI for its initial public offering. The clearance marks a key milestone for one of India’s most anticipated fintech listings.The approval follows PhonePe’s confidential filing for an IPO in September, according to Reuters. The company is now expected to file its Updated…
The ongoing tariff standoff between the US and EU could benefit India! The European Union and New Delhi are in the last leg of Free Trade Agreement negotiations. As the US is giving a hard time to EU exports, trade experts are suggsesting that the bloc may now look to strengthen commercial ties with countries…
Car Repairs Delayed? Oman Now Forces Insurers to Pay You Cash for Every Extra Day In a significant shake-up of Oman’s motor insurance landscape, the Financial Services Authority (FSA) has introduced sweeping reforms that now mandate compensation from insurers if car repairs aren’t completed on time, a first in the Gulf region and a major…
Budget 2026: As the Union Budget for the financial year 2026-2027 draws closer, Indian companies are expecting a GST like transformation in the customs duty framework to promote trade facilitation and simplify dispute resolution. Key demands include a rationalisation of customs duty rates, a reduction in the number of duty slabs, and the introduction of…
The Union Budget wishlist of mobile companies in India cite restrictions imposed by China to make their case. In its Budget recommendations India Cellular and Electronics Association (ICEA), seeks a customs duty reduction on mobile parts like microphones, printed circuit boards, and wearables, as well as tariff correction on capital goods and other components, to…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
