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Monday, April 6, 2026
TopicCredit card transaction

Topic: credit card transaction

Govt removes TCS on credit card payments abroad, 20% tax on other foreign transactions effective 1 Oct

According to May notification, credit card payments abroad would've attracted 20% tax collected at source. New rate on other foreign transactions to apply only if it exceeds Rs 7 lakh, says govt.

Modi govt has a split personality—innovative on disinvestment, regressive on credit card spends

Scrapping the latest version of the Consumer Expenditure Survey, or denial on China dependence reveal the govt's signs of immaturity that are hard to ignore.

On Camera

US pilot rescue in Iran must be seen more than war cost. Nation protects its warriors

A live American pilot paraded on Iranian state television would have been an intelligence windfall and a propaganda coup of historic proportions.

What to expect from China’s new 5-year plan—trade innovation, tensions with partners

ASEAN is struggling against a flood of 'underpriced Chinese goods', while Brazil has imposed anti-dumping duties on Chinese steel.

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.