The tax is collected by brokers on behalf of the government and forms a key component of the Centre's tax revenues.
The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.
The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.
The monthly average rainfall over India is expected to be below normal during July, the India Meteorological Department said on Tuesday in its monthly forecast.
China on Monday successfully test-fired a long-range strategic missile from one of its nuclear-powered submarines in the Pacific Ocean, drawing sharp reactions from Japan and Australia.
'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'
The Jharkhand health department has launched an investigation into allegations that a hospital in Chakradharpur failed to provide an ambulance to a parent to transport his dead newborn, forcing him to carry the body in a box.
US Secretary of State Marco Rubio on Friday (local time) announced a US-mediated framework agreement between Israel and Lebanon aimed at achieving "lasting peace and security".
J D Vance heads to Islamabad for high-stakes US-Iran talks, balancing cautious optimism with a warning against bad faith. negotiations.
The India Meteorological Department has issued a red alert for Mumbai, forecasting extremely heavy rainfall and gusty winds over the weekend. The city has already experienced over 100 mm of rain in the last 24 hours, leading to delays in local train services, though public transport remains operational.
A new study reveals that despite China's significant control over global rare earth mining and processing, its dominance has a critical weakness: the US and Japan hold the majority of core patents for advanced rare earth functional material technologies. This technological gap means China lags in higher-value applications, impacting its strategic advantage in the industry.
It remains to be seen if India will fall back on Sanju Samson to revive their sagging fortunes with a revamped batting order in the must-win fourth T20 International in Bristol on Thursday.
The Indian team, which looked invincible under Suryakumar Yadav, has suddenly hit rock bottom a few months after winning the T20 World Cup.
Following the tragic death of a student in Mumbai due to a tree collapse, Thane Mayor Sharmila Pimpalolkar has mandated a city-wide safety survey of dangerous trees. The survey will cover schools, colleges, housing societies, hospitals, and major traffic junctions, with a focus on identifying and addressing unstable trees and branches to prevent future incidents, especially during the monsoon season.
PDP president Mehbooba Mufti has received an official invitation to attend the state funeral of Iran's slain supreme leader Ayatollah Ali Khamenei in Tehran. She will travel to Iran as a distinguished guest of India to pay her final respects, highlighting the historical and strategic ties between the two nations.
Batting coach Sitanshu Kotak discusses the Indian cricket team's ongoing transition, highlighting the debut of young Vaibhav Sooryavanshi and the challenges of playing without Hardik Pandya. He emphasises the team's focus on developing new talent and improving in all departments for future World Cups.
A parliamentary committee has voiced concerns over ongoing examination irregularities despite government measures, recommending the Ministry of Education publish a time-bound roadmap for reforms. The panel also urged a nationwide blacklist of firms involved in exam processes and suggested utilising the National Testing Agency's financial surplus to enhance its capabilities.
Cristiano Ronaldo has confirmed that the current World Cup will be his last, expressing no regrets about his illustrious career.
Maharashtra School Education Minister Dada Bhuse stated that despite 5.5 lakh students having non-updated Aadhaar IDs, no student is being deprived of government scheme benefits or facing educational hurdles. He clarified that the government is actively conducting special camps and has issued instructions to ensure continuous access to education and benefits while the update drive is underway.
Senior Indian officials highlight the indispensable role of the private sector in translating India-US cooperation in AI, semiconductors, quantum technologies, and critical minerals into tangible outcomes. The collaboration aims to build trusted, resilient technology ecosystems and position India as a global electronics and semiconductor hub.
Sai Sudharsan scored his second consecutive century, and Devdutt Padikkal added an unbeaten 94, guiding India A to a strong 247 for one on Day 2 of the second unofficial Test against Sri Lanka A, trailing by 119 runs.
Heavy rains and thunder returned to Mumbai, causing significant delays in local and long-distance train services, particularly affecting routes towards Gujarat and Pune. Two key reservoirs, Tulsi and Vihar lakes, have begun overflowing, though the city's overall water stock remains at 41.43 per cent.
Former Bihar Chief Minister Rabri Devi has begun vacating her official bungalow at 10 Circular Road in Patna, with the deadline expiring on Monday. Her belongings are being shifted to a private residence, and the bungalow has been allotted to Minister Nand Kishor Ram.
Mumbai is experiencing intense monsoon activity, with over 100 mm of rainfall recorded in 24 hours, leading to widespread waterlogging and two tragic rain-related deaths, as the India Meteorological Department forecasts continued heavy to very heavy showers and gusty winds.
A forest department team in Hoshiarpur was allegedly fired upon by suspected khair wood smugglers during an operation. While the accused escaped, officials managed to seize a vehicle loaded with illegally felled khair wood. The incident highlights the dangers faced by forest personnel and the lucrative nature of khair wood smuggling, which is believed to be operated by an inter-state network.
A forest department team in Hoshiarpur was allegedly fired upon by suspected khair wood smugglers during an operation. While the accused escaped, officials managed to seize a vehicle loaded with illegally felled khair wood. The incident highlights the dangers faced by forest personnel and the lucrative nature of khair wood smuggling, which is believed to be operated by an inter-state network.
India A is expected to make several changes to its playing eleven for the second 'Test' against Sri Lanka A, aiming to provide exposure to all squad members.
England say they are relishing the challenge of facing hosts Mexico at the high-altitude Azteca Stadium, with Morgan Rogers and Marcus Rashford insisting the hostile atmosphere will motivate the team in their FIFA World Cup Round of 16 clash.
Manchester City has announced Enzo Maresca as their new manager, succeeding Pep Guardiola. Maresca, who previously coached City's youth team and served as assistant coach, returns to the club after guiding Leicester City to the Premier League title. He faces the significant challenge of maintaining City's dominance following Guardiola's highly successful decade-long tenure.
Five forest department personnel were injured in Madhya Pradesh's Dewas district after villagers allegedly attacked an anti-encroachment team. Four individuals have been arrested, and a case has been registered under relevant laws.
Australia put in a commanding all-round display to beat West Indies by eight wickets and book their place in Sunday's final, chasing down 126 in just 13 overs.
A devastating landslide at Kalladi near Meppady in Wayanad, Kerala, has resulted in one death and seven missing individuals at a crucial tunnel road project site, with Chief Minister V D Satheesan attributing the tragedy to contractors' failure to heed warnings about accumulated mud.
The FIFA World Cup in Vancouver has intensified concerns among locals regarding increased policing and displacement of homeless individuals and drug users. Residents report more aggressive sweeps and confiscation of belongings, despite city officials stating these are routine operations and not directly influenced by the tournament.
Monsoon rains have unleashed widespread destruction across India, claiming seven lives in Himachal Pradesh and Karnataka due to landslides and floods, while heavy downpours have disrupted normal life and triggered red alerts in Maharashtra and other regions.
The Delhi Drugs Control Department seized insulin stocks worth over Rs 20 lakh from wholesale drug firms for allegedly violating storage and regulatory norms.
Following the signing of a 14-point Memorandum of Understanding (MoU) with Iran, US President Donald Trump reiterated the terms for a 60-day negotiation period, vowing that Tehran will receive "not ten cents" in financial relief.
Heavy monsoon rains have caused widespread havoc across Arunachal Pradesh, leading to floods, landslides, and significant damage to infrastructure. Rescue operations are underway in multiple districts, with casualties reported and many displaced. Connectivity remains severely disrupted, and authorities have issued warnings as more heavy rainfall is forecast.
The ICAR-Central Institute of Fisheries Technology (ICAR-CIFT) has secured an Indian patent for a novel technology designed to make live fish and aquatic animal transport safer and more efficient without the use of chemicals. This innovative system employs controlled hypothermic anaesthetisation, gradually cooling aquatic animals to prevent shock and improve survival rates during transit, offering a practical and affordable solution for the seafood industry.
In a major shift in Middle Eastern energy and security dynamics, the US Department of the Treasury on Monday issued a temporary 60-day general licence authorising transactions related to the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products.
A 25-year-old man, Sharfin Sebastian, who allegedly posed as the state president of an anti-drug organisation, has been arrested in Pathanamthitta, Kerala, after police seized 1.590 grams of MDMA and drug paraphernalia from his residence. The arrest highlights a shocking case of hypocrisy, as the accused was actively campaigning against narcotics while allegedly possessing banned synthetic drugs.
