CBDT finally notifies 1 % TCS on high‑ticket luxury goods—cars, jewellery, watches & more
After nearly nine months of anxious waiting in boardrooms and automobile showrooms alike, the Central…
CBDT finally notifies 1 % TCS on high‑ticket luxury goods—cars, jewellery, watches & more
After nearly nine months of anxious waiting in boardrooms and automobile showrooms alike, the Central Board of Direct Taxes (CBDT) has formally operationalised the 1 per cent Tax Collected at Source (TCS) on the purchase of designated luxury goods costing more than ₹10 lakh. The measure, announced in the Union Budget 2024 as part of the new income‑tax regime, is…
Rajasthan Royals Lose to Lucknow Super Giants by 2 Runs Amid Match-Fixing Allegations
In a nail-biting encounter on April 19, 2025, at Jaipur’s Sawai Mansingh Stadium, Rajasthan Royals (RR) narrowly lost to Lucknow Super Giants (LSG) by just two runs in the 36th match of the IPL 2025 season. This close defeat has sparked controversy, with match-fixing allegations emerging from within the Rajasthan cricket administration. Match Summary Chasing…
China’s Economic Boom Fails to Reflect in Stock Market Returns Over 18 Years
Over the past 18 years, China has achieved what many would consider an economic miracle — transforming from a developing nation into the world’s second-largest economy, just behind the United States. With consistent GDP growth, a booming manufacturing sector, and monumental strides in infrastructure, China has become a global powerhouse. However, this economic success story…
Deadly Terrorist Attack in Pahalgam Leaves 28 Dead, Over 20 Injured
In a devastating act of terrorism, militants attacked tourists in the Baisaran Valley near Pahalgam, Jammu and Kashmir, on April 22, 2025, resulting in the deaths of at least 28 individuals and injuring more than 20 others. The Resistance Front (TRF), an offshoot of the Pakistan-based Lashkar-e-Taiba, claimed responsibility for this heinous act. The Attack…
China Launches World’s First 10G Network in Futuristic Smart City Xiong’an
In a major leap forward in global internet infrastructure, China has launched the world’s first commercial 10G broadband network in Xiong’an, a smart city built to showcase futuristic urban planning and cutting-edge technology. The milestone was achieved through a collaboration between tech giant Huawei and telecom operator China Unicom, using advanced 50G-PON (Passive Optical Network)…
China Sets Global Benchmark with Stricter EV Battery Safety Rules, Effective from July 2026
In a landmark move that could redefine global electric vehicle (EV) standards, China has unveiled what are being called the toughest EV battery safety regulations in the world. Effective from July 1, 2026, the new rules are aimed at eliminating battery-related fires and explosions — a growing concern amid the rapid adoption of electric vehicles…
Saudi Arabia Emerges as Top Importer of Indian Basmati Rice, Valued for Its Unmatched Aroma
India’s basmati rice exports have witnessed a significant surge, with Saudi Arabia leading as the largest importer. In the fiscal year 2023-24, India exported approximately 1.09 million metric tons (10.98 lakh metric tons) of basmati rice to Saudi Arabia, marking a 15% increase from the previous year. This trade was valued at ₹10,391.12 crore (approximately…
India Must Create 8 Million Jobs Annually and Boost Manufacturing to Achieve Developed Nation Status by 2047: CEA Nageswaran
Chief Economic Advisor (CEA) V Anantha Nageswaran has emphasized that India must generate at least eight million jobs annually and significantly enhance the share of manufacturing in its Gross Domestic Product (GDP) over the next decade to realize its aspiration of becoming a developed nation by 2047. Speaking at a recent event, Nageswaran outlined a…
Flipkart Ends Work-From-Home Policy, Mandates Full Return to Office for Employees
In a significant shift in workplace policy, Flipkart, one of India’s largest e-commerce platforms and a chief rival to Amazon India, has officially ended its work-from-home and hybrid work models. The Walmart-owned company has instructed all of its employees to return to the office five days a week, marking a full transition back to in-person…
Govt Not Considering GST on UPI Transactions Above Rs 2,000: Finance Ministry Clarifies
The Ministry of Finance on Friday categorically denied media reports suggesting that the government is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions above ₹2,000. The clarification comes amid rising public concern and social media discussions around the possibility of such a tax burden on digital transactions. In a…
