India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.
The tax department has created many circular traps -- flawed reporting formats, penalties for those who point out the flaws, and faceless assessors with no accountability. The result: Millions of taxpayers face needless harassment and procedural dead ends, highlights Harsh Roongta.
The statement did not name any country. But the US has often blamed India and China for purchasing Russian oil even when there are no tariffs on Beijing for it.
The Maharashtra government on Tuesday announced forming a committee to issue Kunbi caste certificates to Maratha community members with historical evidence of their Kunbi heritage, a social group classified as an OBC in the state.
The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.
'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'
At least 12 people died and 34 persons were injured in a pharma plant explosion in Sangareddy district of Telangana on Monday, State Minister Damodara Raja Narasimha said.
'If we want to pivot meaningfully from a services-driven economy to a technology and manufacturing-led one.'
The Army unit deployed in Ashti successfully evacuated 40 people with the help of an NDRF team and other agencies.
The United States has imposed sanctions on at least half a dozen Indian companies accused of trading in Iranian petroleum and petrochemicals as part of broader action targeting 20 entities worldwide.
Two bodies were recovered from the Manuni Khad in Kangra district while around 15-20 workers stationed at a labour colony near the Indira Priyadarshini Hydroelectric project site were feared swept away following a surge in water level in the Khaniyara Manuni Khad.
The Lakshadweep administration is considering acquiring Bitra Island for defence purposes, citing its strategic location and national security relevance.
The Congress party has accused Union Minister Nitin Gadkari of conflict of interest, alleging his sons' companies have benefited from the government's ethanol blending policy. The BJP has rejected the allegations.
The death toll from the explosion at the Sigachi Industries' pharma plant in Pashamylaram has risen to 35, police said on Tuesday.
A patwari, a local revenue department official, was crushed to death by a tractor-trolley used for transporting sand illegally in Shahdol district of Madhya Pradesh, police said on Sunday.
'We have created massive infrastructure in the past six years.'
... with a maximum speed of 200 megabits per second (mbps) across the country for Rs 3,000 per month.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
Heavy rains across India have led to widespread flooding, causing damage to infrastructure, displacement of residents, and disruption of normal life. Rescue efforts are underway in affected areas.
The certificate of residence was issued last week in Masaurhi circle, falling under the eponymous sub-division, apparently as part of a scramble for such documents during the special intensive revision of electoral rolls in Bihar.
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
"Commonwealth Games in India would leave lasting impact by boosting tourism, and creating jobs, the Government said in a statement.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
Strong demand for cultural and spiritual hubs is expected for destinations like Varanasi, Kolkata during Durga Puja, and Pushkar for the camel fair, besides leisure destinations like Goa, Udaipur, Jaipur and Coorg.
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
The Maharashtra government, led by a coalition of the BJP and Shiv Sena, has admitted that it cannot increase the monthly financial aid under the Ladki Bahin Yojana to Rs 2,100, as promised during the 2024 assembly polls. The government cites severe financial stress as the reason. Social Justice Minister Sanjay Shirsat, a Shiv Sena leader, has said that the scheme will continue with the existing amount of Rs 1,500, but the increase is not feasible at this time. The minister also accused the Finance Department, led by Ajit Pawar, of diverting funds from his department without his knowledge. He called for a law to ensure that the social justice and tribal affairs departments receive their allocated funds. The statement comes as an embarrassment for the Mahayuti government, which had heavily campaigned on the promise of increasing the Ladki Bahin Yojana aid.
The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.
Heavy rains and landslides in Himachal Pradesh have resulted in multiple fatalities and widespread disruption, including road closures and train cancellations.
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
'Once bitten, twice shy, I didn't take up the challenge this time...' 'I realised I had failed to follow my karma because I feared failure.'
Two brothers from the Hatti tribe in Himachal Pradesh married one woman in a traditional polyandry ceremony, a practice still observed in some tribal communities to preserve land and family unity.
As the election nears, political positions on prohibition are shifting.
The Sambhal district administration has restored possession of land to three Hindu families who had fled the area during riots in the district in 1978, officials said.
One of the key attractions of the park, which houses a wide array of plant, animal and bird species besides ancient caves, the revamped toy train is set to provide an elating and exciting experience to visitors, especially children.
Elon Musk's Starlink has got licence for satcom services in India, according to sources.
Singh said that about 150 people including women and forest, revenue and other officials were present at the time of the incident, and if the officials were assaulted, "why are there no eyewitnesses".
Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
The state government has directed a joint assessment of crop loss due to the cyclone by officials of the agriculture and revenue departments, he said.
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