A parliamentary panel has pitched for raising India’s investment rate from 31% of GDP to 35% in order to sustain an ambitious annual growth target of 8% over the next decade. The Standing Committee on Finance, chaired by BJP leader Bhartruhari Mahtab, said a higher investment push, coupled with structural reforms and digital initiatives, is […]
US market today: Stocks mixed as retailers post earnings, investors await Powell speech and Ukraine talks
Wall Street stocks were mixed in early trade on Tuesday as major US retailers began reporting quarterly results, while investors awaited Federal Reserve Chair Jerome Powell’s policy remarks later this week.Around 15 minutes into trading, the Dow Jones Industrial Average gained 0.4% to 45,084.70. The broad-based S&P 500 was flat at 6,447.61, while the tech-heavy […]
Opted for new income tax regime? Don’t stop putting money in these investments – here’s why
Many legacy instruments serve essential portfolio or risk-management roles, and discontinuing them may impair financial resilience or return optimization. (AI image) New income tax regime savings: The adoption of the new income tax regime has eliminated most deduction-linked incentives. However, evaluating investments purely on tax efficiency can be misleading. Many legacy instruments serve essential portfolio […]
Airline-style baggage charges in trains? Indian Railways to implement new strict luggage rules; here’s what passengers should know
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 […]
Air Canada strike settlement: Airline, union reach deal to end walkout; flights to resume gradually
Air Canada said Tuesday it will gradually restart operations after reaching an agreement with the union representing 10,000 flight attendants to end a strike that had disrupted travel for about 130,000 passengers daily at the peak of the summer season.The deal was announced by the Canadian Union of Public Employees (CUPE) early Tuesday after both […]
Infra boost: Cabinet clears Rs 8,307 crore Bhubaneswar ring road project, to ease congestion and spur regional trade
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 […]
GST reforms to boost stock markets; Nifty50 could reach 28,000 by September 2026: Report
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 […]
Crypto regulation in India: CBDT asks stakeholders on regulation, compliance; VDA oversight, tax-compliance in focus
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 dept builds case on Jane Street: Authorities seek to determine actual ‘decision-makers’; summon Jane’s Indian arm auditor EY
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, […]
Gold price prediction today: Where are gold rates headed on August 19, 2025 & the near-term? Here’s the outlook
Gold price prediction: Gold, in ultra short-term, can test the support around $3307 (MCX Gold October Rs 98,600)/$3290 (Rs 98,100) , but the downside is limited. (AI image) Gold price prediction today: Gold rates are expected to trade in a range, but the downside is likely to be limited, say experts. Praveen Singh, Senior Fundamental […]