Business

FICCI recommends constituting more offices of the Customs Authority for Advance Rulings (AAR) Impact: Expanding Customs AAR offices and allowing self-declared extensions would enhance trade certainty and reduce compliance burden and lower litigation on customs matters. The Customs Authority for Advance Rulings (CAAR) is a legal provision under section 28E of the Customs Act, 1962,…

Commercial LPG gas cylinder prices were hiked on Sunday after oil marketing companies revised rates upward, increasing the cost of a 19-kg cylinder by Rs 49 with effect from February 1, Sunday. Following the revision, the retail price of a 19-kg commercial LPG cylinder in Delhi has increased to Rs 1,740.50. Prices of domestic LPG…

Income Tax Budget 2026 Live: Middle class and salaried taxpayers will closely follow Finance Minister Nirmala Sitharaman’s Union Budget speech, hoping for additional tax relief. In the previous Budget, the FM completely revamped the new income tax regime. While experts believe that Budget 2026 offers limited fiscal headroom for sweeping tax changes, there is still…

New York/New Delhi: Billionaire Gautam Adani and his nephew, Sagar Adani, have agreed to receive a legal notice from US Securities and Exchange Commission in a civil fraud lawsuit alleging they misled investors about a bribery scheme, according to a court filing. The stipulation is subject to court approval, reports PTI.In a filing in a…

Smokers will have to pay more for cigarettes from February 1, as the Centre rolls out a new excise duty regime based on cigarette length, along with a health cess on pan masala and tobacco products. The move marks the first major tax increase on cigarettes in nearly seven years and aligns India’s tobacco taxation…

Mumbai: A day before the Union Budget, State Bank of India chairman CS Setty has sought a level playing field for tax treatment of all financial products, including fixed deposits. The chairman’s comment came in the wake of bank deposits continuing to lag credit growth as retail savings continue to pour into mutual funds.Responding to…

Several banking and card-related changes will come into effect from February 2026, affecting everyday transactions, credit card benefits and compliance requirements for customers of State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank, according to ET.Among the key changes, SBI will revise service charges on certain IMPS transactions from February 15, 2026….

The Union Budget comes with a vocabulary that can be confusing even for regular readers. Many terms are technical, and are used repeatedly across Budget documents, tables and debates. The “Budget at a Glance” table presents a consolidated snapshot of the Union Government’s finances for a financial year, showing actuals, Budget Estimates and Revised Estimates…

Markets tend to respond positively when the Budget focuses on growth, infrastructure spending, and tax stability. (AI image) By Somil Mehta,The Union Budget is one of the most important events for Indian stock markets. Every year on February 1, investors closely watch how the Sensex and Nifty react to announcements on taxes, government spending, reforms,…

US President Donald Trump has claimed that his sweeping tariff policies have created an “American economic miracle”, dismissing warnings of global fallout and asserting that critics of his trade strategy “were all wrong”.In an opinion piece published in The Wall Street Journal, Trump said the tariffs he imposed on nearly all foreign countries last April…