Indian Railways passengers will soon need to have their luggage weighed using electronic machines. Soon, your baggage on the train may have to undergo a weight check! Indian Railways is rolling out stringent baggage rules for train passengers, in line with the practices adopted by airlines.According to the proposed regulations, railway passengers will soon need…
The Cabinet Committee on Economic Affairs has approved the construction of a 6-lane access-controlled Capital Region Ring Road (Bhubaneswar Bypass) in Odisha at a capital cost of Rs 8,307.74 crore.According to an official release, the project will be developed on Hybrid Annuity Mode (HAM) and cover 110.875 km between Rameshwar and Tangi. It is aimed…
The new Kota-Bundi airport will be constructed at an estimated cost of Rs 1507 crore. (AI image) Kota to get a new airport! The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal to develop a green field Airport in Kota-Bundi, Rajasthan. The new…
HDFC Bank services to face outage HDFC Bank has notified its customers about temporary interruptions in specific customer care services, including WhatsApp chat banking and SMS banking facilities, in-between August 22, 2025 and August 23, 2025.According to the Economic Times report, the bank is implementing necessary system upgrades to improve the overall banking experience, resulting…
The United States continues to be India’s biggest trading partner. (AI image) As India faces the threat of 50% US tariffs from August 27, the government is looking at sector-specific measures to cushion impact on exporters and small and medium enterprises. Indian goods exported to the US have been facing 25% tariffs from August 7,…
The stock markets could have significant advancement in the upcoming year, driven by the government’s GST rationalisation initiative, which is anticipated to enhance economic growth and market sentiment.Emkay Research’s analysis, cited by news agency ANI, suggests the Nifty 50 index could reach 28,000 by September 2026, leading the brokerage firm to revise its market outlook…
Apex taxation authority has inquired with cryptocurrency stakeholders about the necessity of new virtual digital assets (VDA) legislation, its administrative oversight, and the impact of current tax policies on trade migration. The Central Board of Direct Taxes (CBDT) has also sought feedback regarding the 1% tax-deducted-at-source (TDS) rate, potential adjustments, and the possibility of loss…
Tax authorities have called upon EY, the auditor of Jane Street’s Indian subsidiary, as they build a case against the US investor. The department has also obtained sworn statements from two staff members and a director of Jane’s local entity, as reported by Economic Times.Following a six-day investigation that yielded limited information from offshore servers,…
Indian refiners usually place orders a month before loading, and it generally takes an additional month for tankers to arrive at Indian ports. (AI image) As US President Donald Trump’s 25% additional tariffs, effective month-end loom, some Indian refiners are adopting a cautious stance towards Russian oil tenders, postponing orders for September-loading shipments. Refiners are…
ITR filing: The tax department classifies income from derivatives trading as business income. (AI image) ITR filing FY 2024-25: Profits and losses from futures and options (F&O) trading have to be disclosed in your income tax return. Here’s a quick guide on how they are taxed and what steps you need to take.F&O gains are…
