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Economy

Simplified Income Tax Bill brings in ‘tax year’ concept, omits ‘assessment year’

New Delhi, Feb 12 (PTI) The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic...

Retail inflation slows to 4.31 pc in Jan

New Delhi, Feb 12 (PTI) Retail inflation slowed to 4.31 per cent in January mainly due to lower food prices, according to official...

NPG evaluates progress on 1 Metro, 1 RRTS, 2 Road, and 1 Airport project under PM Gati Shakti

New Delhi , February 12 (ANI): The 87th meeting of the Network Planning Group (NPG), chaired by E. Srinivas, Joint Secretary, Department for Promotion...

ONGC Videsh partners with Petrobas for working in upstream, among others

New Delhi , February 12 (ANI): ONGC Videsh signed a non-binding memorandum of understanding (MoU) with Petroleo Brasileiro SA on Wednesday. The MoU...

Soaring high: Tata Advanced Systems expands operations in Karnataka

Bengaluru, Feb 12 (PTI) Tata Advanced Systems Limited (TASL) is expanding its operations in Karnataka, as the state continues to solidify its position...

Oil prices fall on rising US crude stocks, hawkish Fed comments

By Arunima Kumar (Reuters) -Oil prices fell 1% on Wednesday, ending three days of gains, as industry sources pointed to rising U.S. crude stockpiles and hawkish remarks from Fed Chair Jerome Powell

Analysis-Volkswagen’s $1.4 billion India tax tussle rekindles foreign investor fears

By Aditya Kalra, Aditi Shah and Nikunj Ohri NEW DELHI (Reuters) - India's demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns

Factbox-Which carmakers in India are embroiled in $6 billion of tax disputes?

NEW DELHI (Reuters) - Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the income tax, customs and excise departments. Here are

Crude prices to remain unaffected by US tariff threat, supply chain disruptions may occur says IOCL Chairman

New Delhi , February 12 (ANI): Crude oil prices will remain unaffected by US President Donald Trump tariff threats, according to Chairman of Indian...

Lucknow airport to begin runway recarpeting from March; flight ops to hit for over 3 months

Lucknow, Feb 12 (PTI) The Chaudhary Charan Singh International (CCSI) Airport in Lucknow on Wednesday said it will carry out the runway recarpeting...

On Camera

Population causes poverty is the devil’s philosophy. It causes prosperity: Sauvik Chakraverti

Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.

Asia’s ‘weakest’ link: Yunus on a tightrope as Bangladesh tries to fix banks without breaking economy

With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.