The Enforcement Directorate (ED) has initiated raids on business entities linked to Aam Aadmi Party (AAP) Rajya Sabha MP Ashok Mittal in Punjab and Haryana, as part of a Foreign Exchange Management Act (FEMA) investigation into alleged financial irregularities.
The Supreme Court's verdict directing Tiger Global to pay capital gains tax on its 2018 sale of Flipkart shares is unlikely to accelerate the selloff by foreign portfolio investors (FPIs). However, legal and tax experts say the ruling sharpens scrutiny around treaty benefits and could influence how offshore investors structure future India bets.
'Courts are not moved by spectacle. They act when the facts, as they stand, call for the law to step in.'
India has amended its guidelines governing the signing of international agreements during official visits by the prime minister, and select pacts have been exempted from prior Cabinet approval.
A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.
SIS Ltd, a security and facility management services provider, aims to cross Rs 20,000 crore in revenue by FY27, driven by strong double-digit growth, expansion of its service network, and a simplified regulatory framework under new labour codes, said its Group Managing Director Rituraj Sinha.
A Delhi court has taken cognisance of an Enforcement Directorate chargesheet against Robert Vadra in a money laundering case linked to a land deal in Haryana's Shikohpur, summoning him to appear in court on May 16.
Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.
Swift and global banks are launching a new system to make international payments faster and cheaper for small businesses and consumers, starting with major global markets.
Mastercard and Visa are introducing passkeys that will allow users to authenticate card payments with face scans or fingerprints, eliminating the need for one-time passwords (OTPs).
Rediff explains why the system, not the Budget, is the problem.
The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.
Data from used-car platforms suggest that buyer preferences have remained broadly stable post-GST, with SUVs retaining their dominance even as price adjustments played out across segments.
'Long-term investors seeking sustainable gains from resilient, fundamentally strong companies may go for these funds.'
'Among corporates, about 60% of income is now reported under the new tax regime.'
India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
With the Union Budget three months away, major industry chambers have submitted to the government proposals on common taxes, seeking simpler compliance and a quicker resolution of tax disputes.
Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty.
Fight on toward goals that keep receding, or exit with most objectives unmet. Trump is agitated, his poll numbers falling below the Plimsoll line, his base fractured between those who back the war and those who remember that he campaigned on ending them.
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'
The Bombay High Court has questioned the police investigation into a land deal, asking why Deputy Chief Minister Ajit Pawar's son, Parth Pawar, has not been named in the FIR.
The second leg of the budget session is virtually heading towards a complete washout.
Former Indian envoys reflect on the life and legacy of Bangladesh's former Prime Minister Khaleda Zia, highlighting her role in restoring democracy and the complex relationship between India and Bangladesh during her tenures.
Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.
Rajya Sabha Chairman C P Radhakrishnan addressed members, urging them to uphold the Constitution, follow parliamentary norms, and understand their responsibilities towards the nation.
'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
The Winter session of Parliament will be held from December 1 to 19, Union Parliamentary Affairs Minister Kiren Rijiju announced on Saturday, in what the opposition has described as an 'unusually delayed' and truncated session.
The government is finalising a major GST overhaul with automated refunds, pre-filled returns, and analytics-based scrutiny to simplify compliance and boost liquidity for MSMEs.
Reserve Bank of India (RBI)Governor Sanjay Malhotra on Friday said it was not the regulator's job to take decisions for bank boards, speaking in the context of the wide range of enabling reforms announced for lenders during the October monetary policy review, and emphasised that financial stability remained the regulator's focus.
The 2025 US National Security Strategy marks a major pullback, with America turning backward and effectively allowing China greater dominance in Asia. while long-time partners like India are left to face an increasingly unstable global order largely on their own, observes Rajeev Srinivasan.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
Maharashtra Revenue Minister assures investigation into an alleged land deal involving a company linked to Deputy Chief Minister Ajit Pawar's son, Parth Pawar, after receiving a formal complaint.
In a significant administrative reshuffle, Jammu and Kashmir Lieutenant Governor Manoj Sinha ordered the transfer and posting of 48 J-K Administrative Service (JKAS) officers, potentially creating friction with the National Conference-led government in the Union Territory. The move, seen by many as an attempt by the LG to assert control over the bureaucracy, includes the transfer of 14 additional deputy commissioners and 26 sub-divisional magistrates. The timing of the order, coinciding with the elected government's wait for approval on business rules, raises concerns over power dynamics in the region.
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
India's gifting market is seeing its biggest festive season yet, with sales through quick commerce platforms like Zepto, Blinkit and Instamart jumping 40%-50% year-on-year.
The Monsoon session of Parliament concluded after facing disruptions and protests over the revision of electoral rolls in Bihar. Despite the disruptions, the government managed to pass key legislations.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
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