Business

No change in tax transfers, Finance Commission cautions on cash transfer surgeWhen the 16th Finance Commission began work, one concern for the southern states was a fall in their share of tax transfers from the Centre. Having invested in population control and human development over decades, they did not want to be penalised for outperforming…

Trump H-1B Visa Overhaul: Impact on Indian Professionals and US Tech Sector A once-strategic partnership between the United States and India, long built on mutual economic benefit, innovation and people-to-people ties, is now straining under sweeping immigration and trade policies implemented under former President Donald Trump’s administration. Policies such as the drastic H-1B visa fee…

Government aims at raising Rs 80,000 crore from divestment and asset monetisation in 2026-27, a sharp increase from the revised estimate of nearly Rs 34,000 crore.While govt has moved away from mentioning a specific target for asset sales in state-run firms, the realisations from divestment are mentioned under what is called the miscellaneous capital receipts.Economic…

In a major ruling on how High Courts should deal with chronic delays in delivering judgments, the Supreme Court has repeated and intensified its previous instructions on how such delays should be timely eliminated to bring about timely delivery of the reserved judgment. The Court placed special emphasis on the importance of ensuring that the…

Indians are increasingly investing in real estate overseas. Even salaried individuals are doing so driven by factors like children studying abroad and investment diversification. For resident individuals, such purchases are governed by RBI’s Liberalised Remittance Scheme (LRS), which allows outward remittances of up to $250,000 per person in a financial year. Families often pool individual…

Sunday’s Budget had no allocation for Chabahar port in Iran under the ‘aid to countries and projects abroad’ outlay. This could be significant, coming amid looming threats of US sanctions over the port, which – in the absence of any direct land access – was meant to be India’s gateway to Afghanistan and central Asia.The…

Asian stock markets opened February on a weaker nore, with shares falling and precious metals extending losses after a volatile end to last week on Wall Street. In Hong Kong, HSI was down 554 points or 2% to 26,832. Shanghai and Shenzhen were down 1.1% nd 1.2% respectively. South Korea’s Kospi was down 3.7% or…

To ensure persons with disabilities (PwDs) get dignified livelihood opportunities and timely access to assistive devices, the govt on Sunday announced the ‘Divyangjan Kaushal Yojana’ and the ‘Divyang Sahara Yojana’.Finance minister Nirmala Sitharaman said the ‘kaushal yojana’ for livelihood and the ‘sahara yojana’ for assistive devices are “fundamental needs” for PwDs.Noting that IT, animation, visual…

Employability In Focus, More Pulp For Orange Eco Signalling a shift in employment strategy, the Budget, instead of announcing how many jobs will be created, focuses on building conditions for sustainable work, with skilling, services and sector-led ecosystems emerging as core pillars. A high-powered education-employment-enterprise standing committee will map skill gaps, identify high-employment service sub-sectors…

Of 30 Index Stocks, 26 Close In Red At a time when global markets are witnessing high volatility due to geopolitical uncertainties, the hike in securities transaction tax (STT) on derivatives trades hit investor sentiment on Dalal Street on the Budget day. This in turn led to a sharp sell-off that pulled the sensex down…