India's net direct tax collection has seen a robust 15 per cent increase, reaching approximately 5.21 trillion in the first two and a half months of FY27, as on June 17, driven by strong growth in both corporate and non-corporate tax segments.
The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.
India's net direct tax collections increased by 5.12 per cent to over Rs 23.40 lakh crore in the 2025-26 fiscal year, but this figure still fell short of the revised budget target of Rs 24.21 lakh crore, primarily due to income tax cuts implemented earlier in the year.
The Central Board of Secondary Education (CBSE) has lodged a formal complaint with the Delhi Police regarding a series of coordinated cyber attacks targeting its post-result services portal. The board confirmed that all attacks were successfully mitigated, and no data breach or compromise of information was detected. The attacks aimed to destabilise the platform and potentially extract information, occurring amidst existing controversies for CBSE concerning alleged mismatches in Class 12 answer sheets.
DBS Bank India has launched a direct tax payment facility after authorisation from the Central Board of Direct Taxes (CBDT). Utkarsh Small Finance Bank partners with Mumbai Indians as banking partner for T20 League 2026.
US Central Command (CENTCOM) released footage of a maritime operation where Marines boarded an Iranian-flagged vessel, the Touska, in the Gulf of Oman, leading to heightened tensions and threats of retaliation from Iran.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
The daughter of a senior IRS officer was found murdered in her southeast Delhi residence. Police suspect sexual assault and are investigating a former domestic help who is absconding.
'For every 10,000 applicants, even an additional Rs 300 to Rs 700 per candidate for testing, assessment administration and re-screening can mean Rs 30 lakh to Rs 70 lakh extra at the hiring-stage cost before training begins.'
BCCI secretary Devajit Saikia stated that India's roadmap for the 2027 World Cup, including discussions on senior players like Rohit Sharma and Virat Kohli, is confidential and not for public consumption. He also clarified that the BCCI adheres strictly to the Government of India's policies regarding bilateral tours, such as the potential resumption of ties with Bangladesh, without concern for the political situation in other countries.
Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.
The Delhi High Court has refused to direct the reopening of the CBSE's portal for the re-evaluation of Class 12 answer sheets, stating that individual students can take action if aggrieved and that reopening the portal would delay the entire result declaration process.
The US Central Command (CENTCOM) confirmed striking the Guinea-Bissau-flagged oil tanker MT Jalveer, carrying 20 Indian seafarers, in the Gulf of Oman for allegedly violating the US blockade against Iran. This incident marks the third commercial vessel attacked by US forces in the region this week, with three Indian seafarers previously losing their lives in an attack on the MT Settebello.
As Riteish Deshmukh turns director again with Raja Shivaji, we look at past actors who stepped behind the camera and delivered some of Hindi cinema's most memorable films.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
India has expressed 'deep worry' and strongly protested to the US after three merchant ships carrying Indian crew members came under attack from the American military off the coast of Oman in four days, resulting in the deaths of three Indian seafarers.
Congress leader Rahul Gandhi has strongly criticised Prime Minister Narendra Modi for his silence on the deaths of three Indian seafarers in US military strikes on commercial vessels, calling Modi a 'compromised PM' who lacks the courage to confront those responsible.
Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.
IDFC First Bank has integrated with ICEGATE 2.0 to enable digital payment of customs duty, central excise, and service tax for its customers.
Despite the Centre's GST 2.0 guidelines aiming to facilitate provisional refunds within seven days for low-risk cases, many large taxpayers are still encountering significant delays in obtaining Goods and Services Tax (GST) refunds under the inverted duty structure (IDS), with experts citing inconsistent state-level scrutiny and subjective interpretations.
The National Commission for Women (NCW) has issued a comprehensive advisory to all states and Union Territories, recommending mandatory annual POSH audits and other measures to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The advisory aims to ensure safe, inclusive, and gender-sensitive working environments for women across all sectors, emphasising institutional accountability, proper committee constitution, and robust awareness programmes.
Realty firm Unitech Ltd reported a consolidated net loss of Rs 441 crore for the quarter ended March 2026, compared to a net loss of Rs 309.95 crore in the year-ago period. The company faces a cash crunch and delays in housing projects, affecting around 22,000 customers.
The Supreme Court has directed the preparation and implementation of a time-bound eviction plan to address encroachments within the protected areas of the Agasthyamalai ecological landscape in Tamil Nadu, also ordering action against government servants involved.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
The Central Information Commission has ruled that the Board of Control for Cricket in India does not qualify as a 'public authority' under the Right to Information Act, effectively placing it outside the scope of RTI disclosures.
'DRDO has been directed to license missile technologies to the private sector.'
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
While the Andaman and Nicobar islands serve as a vital, stationary asset for projecting power in the Indian Ocean, referring to them as an unsinkable aircraft carrier ignores key military and geopolitical limitations, explains Commodore Venugopal Menon (retd).
India has strongly protested to the United States after three merchant ships with Indian crew members were attacked by the American military off the coast of Oman, resulting in the deaths of three Indian nationals.
'Mamata was more feared than loved, and in politics when people start fearing you then they start hating you.' 'So Mamata's comeback now is impossible.'
In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board
Kerala police have arrested four individuals in connection with the violent attack on vehicles carrying Enforcement Directorate (ED) officials who raided former Kerala CM Pinarayi Vijayan's rented house. The arrests followed a stand-off with CPI(M) party workers and leaders.
Hydrogen fuel cell technology generates electricity through a chemical reaction using hydrogen, with water vapour as the only emission, making it a cleaner alternative to conventional fossil fuel-based traction systems.
The new approach emphasises practical understanding and contemporary skills, encouraging students to think critically and apply concepts in real-world contexts, says Srividya Sridhar, principal of Lotus Petal Senior Secondary School.
'Delimitation is scheduled for 2028. No matter how much the BJP currently depends on the Shinde Sena or NCP factions, it may not need them after delimitation.'
The Beijing summit may have reduced immediate diplomatic uncertainty, but it did not resolve the deeper structural contest between the United States and China. That contest appears likely to define the coming decade, notes Varun Arya.
13 films from the 2026 Cannes film festival, highlighting award-winning international cinema, unexpected gems, and restored classics that truly celebrated the art of filmmaking.
Discover the top 5-star rated 2-tonne inverter air conditioners designed for lower electricity demand and efficient cooling in rooms sized 250-350 sq ft, even in intense heat conditions.
The United States Central Command confirmed that the USS Rafael Peralta intercepted an Iranian-flagged ship, enforcing a maritime blockade against Iran. The US military is prepared to resume major combat operations if ordered by the President.
'In practical terms, a Master Circular is not merely desirable; it is a necessary transition tool to ensure that the promise of simplification under the Income-Tax Act, 2025, is fully realised.'
