From April 1, 2026, the Reserve Bank of India's new authentication directions modernise how every digital payment you make must be verified -- and place the burden of security squarely on your bank, not on you.
'The original provision will be restored. AMT is meant only for those claiming deductions, not for firms earning regular income like capital gains,' a senior government official said.
'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
Civil society groups, led by the NREGA Sangharsh Morcha, are planning a nationwide protest -- similar to the farmers' stir a few years ago -- starting December 19 demanding scrapping of the new Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission.
The High Court of Justice in London has rejected a fresh bail petition filed by diamantaire Nirav Modi, who is wanted in India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud case.
The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn't been the case in the financial year 2026 till date (FY26TD).
Even as political acrimony over the Nuclear Liability Bill rages in and outside Parliament, India's old-time friend Russia has clearly told the Indian establishment that it will not accept any liability for the supply of equipment and other material to help India build its nuclear power plants, either in the present or future.
'There are cases of suicides, and middle-class families losing their entire family savings.'
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
An obviously chagrined United States-India Business Council, which has lobbied feverishly for the passage of the US-India civilian nuclear deal in the US Congress, on Monday issued a guarded reaction to the passage of the nuclear liability bill in the Parliament that had 'compromised on the indemnity clause demanded by American companies to protect it from liability in case of a nuclear accident.'
The legislation is aimed at streamlining various services related to immigration and foreigners, including their entry, exit and stay in India.
The Parliamentary Standing Committee on Science and Technology, which has held marathon deliberations on the controversial Civil Liability for Nuclear Damage Bill 2010, is expected to present its report to Parliament on August 9.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
The ambitious proposal by the power ministry to allow network sharing between distribution licensees operating in the same geographical area will face three key challenges, said a former bureaucrat.
Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-2027 Union Budget, points out A K Bhattacharya.
It is day 5 of the Budget session of Parliament on Tuesday and Prime Minister Narendra Modi is likely to reply on Presidential speech in Lok Sabha.
India is proposing a new law that would impose a jail term of up to seven years and a fine of Rs 10 lakh on anyone found using a forged passport or visa to enter, stay, or exit the country. The Immigration and Foreigners Bill, 2025, also mandates reporting of foreign visitors by hotels, universities, and hospitals to track overstaying individuals. The bill aims to simplify laws, ease business, and strengthen national security while promoting economic growth and tourism.
Facing stiff opposition over the Nuclear Liability Bill, the government on Friday said it will consult all political parties before tabling the draft legislation in Parliament. "
A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.
As a Parliamentary panel races to submit its report on the nuclear liability bill, Bharatiya Janata Party appears to have dug its heels asking the government to clarify whether the draft legislation was India-specific or being enacted to fulfil requirements of international treaties.
The Parliamentary panel examining the controversial nuclear liability bill is expected to finalise its report in time for introduction of the draft legislation during the monsoon session beginning July 26. The Parliamentary Standing Committee on Science and Technology, Environment on Forests is examining the Civil Liability for Nuclear Damage Bill, 2010 that was introduced in the Lok Sabha on May 7 amid stiff resistance from a united Opposition.
The Bharatiya Janata Party on Thursday demanded a statement from the prime minister on media reports about the government's 'decision' to allow an American company to install a nuclear reactor diluting the provisions of Nuclear Liability Bill.
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
Medical negligence arises when a medical professional deviates from reasonable standards of care, causing injury to the patient.
The government rejected Left parties' charge that the Nuclear Liability Bill was designed to benefit American equipment suppliers and dismissed as unnecessary the controversy over a Parliamentary Committee recommendation for an amendment in supplier's clause.
The United Progressive Alliance government says it will table the civil nuclear liability bill in the Lok Sabha on Wednesday, but before that it hopes to resolve the continuing differences with the opposition parties over the wordings of some key aspects of the bill.
Veerappa Moily was forced to defer the Judges (Declaration of Assets and Liabilities) Bill, 2009 after the Opposition, including the Bharatiya Janata Party and Left, took strong objection to Clause VI of the Bill which states that High Court and Supreme Court Judges would declare their assets but the same would not be made public.
The government is going all out to get the Civil Nuclear Liability Bill passed in Parliament, even if it means making changes to the
CAG warns most states of fiscal imprudence as March spending overshoots limits, with key departments exhausting large portions of budgets in the last month of FY24.
Prime Minister Manmohan Singh on Wednesday said the government has an "open mind" on the nuclear liability bill and is ready to discuss any "deficiencies" in the proposed legislation that is facing stiff opposition from BJP and Left parties.
The Congress insisted on Monday that the nuclear liability bill was in "public interest" in tune with international paradigms and attacked the Bharatiya Janata Party and Left parties for opposing it, saying they had "blinkered vision".
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
The Parliamentary panel examining the nuclear liability bill on Wednesday decided to seek an extension for submitting its report on the controversial legislation. The decision to seek an extension came after top Bharatiya Janata Party leaders including L K Advani, Sushma Swaraj and Arun Jaitley had a meeting with Finance Minister Pranab Mukherjee."The committee cannot hustle through the proceedings," said BJP leader Jaswant Singh.
Describing it as a personal victory of Prime Minister Manmohan Singh before the visit of US President Barack Obama to India, American media on Thursday said the passage of the Nuclear Liability bill would pave the way for much needed foreign investment in the crucial atomic energy sector of the country.
Terming the passing of the civil nuclear liability bill by the Parliament as 'flawed', an eminent American expert on South Asian affairs has said the US policy makers and industrial leaders have been taken off guard by this and it threatens to cast a pall over the historic Indo-US civilian nuclear deal.
Victims of the 1984 Bhopal gas tragedy, described as one of the world's worst-ever industrial disasters, have filed a Right to Information petition with the prime minister's office in New Delhi.The RTI plea wants to know whether the Central government took into consideration the disaster of gas leak at the Union Carbide plant in Bhopal in 1984 while drafting the Civil Nuclear Liability Bill with the United States.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
The uncertainty over the fate of the Civil Nuclear Liability Bill in Parliament has caused a considerable amount of concern to members of the United States-India Business Council, as some of them had lobbied feverishly in the US Congress to get the agreement approved.USIBC President Ron Somers voiced his concerns at an interaction with Foreign Secretary Nirupama Rao, during her six-day visit to the United States
As key world capitals scrutinise the Nuclear Liability Bill, passed by the Lok Sabha on Wednesday, for word on how the new legislation would affect potential civil nuclear agreements with India, a senior Union minister has said that private suppliers could still sign agreements with the Nuclear Power Corporation of India clearly stating that their responsibility ended with the handover of equipment and other material to the operator.
