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Wednesday, April 8, 2026
TopicCentral Board of Indirect Taxes and Customs

Topic: Central Board of Indirect Taxes and Customs

Over 99 cases of economic offences registered against MPs, MLAs in five years

CBI has booked two sitting and nine former MPs and five sitting and two former MLAs in 14 cases. The ED has registered 82 cases against lawmakers.

Under fire for ‘tax terrorism’, Modi govt to clear all dues and refunds by year-end

Move seen as a course correction after opposition slammed govt over frequent 'tax raids' on assesses in the name of black money.

We are the real IRS, don’t call us ‘I-T’, say India’s taxmen

IRS Association, largely comprising officers from the I-T dept, has written to the CBDT that they be referred to as IRS and not as IRS(I-T).

On Camera

Rahul Gandhi wants to jail Himanta Sarma but Congress has a Bihar-sized problem in Assam

The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'

Stocks fall, oil prices climb as Trump issues fresh threat to Iran ahead of his deadline

Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.

UAE walks away from financing Rafale F5 due to restricted access to technology, reports French media

French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.