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Monday, January 5, 2026
TopicTaxes

Topic: Taxes

How did taxes work in medieval India? Chola, Mughal subjects struggled like today’s middle-class

In Tamil Nadu, we have an extraordinary archive of over 13,000 stone inscriptions on temple walls, recording the taxation, sale, and cultivation of land.

Part of Kenya parliament set ablaze as protesters try to storm it, several killed in police firing

By Aaron Ross and George Obulutsa NAIROBI (Reuters) -Police opened fire on demonstrators trying to storm Kenya's legislature on Tuesday, with at least five protesters killed, dozens wounded and

‘Centre gives only Rs 21 per Rs 100’ — Kerala minister questions ‘neglect’ of state in budget speech

Total tax revenue includes Kerala’s eligible tax share from tax collected by Centre, says finance minister. Compared to Kerala, UP gets Rs 46 out of Rs 100 from the Centre, he adds.

India approves new finance commission to suggest how federal taxes will be shared with states

Presently, India shares 42% of federal taxes with states. Next Finance Commission will submit its report by October 2025 and its recommendations will be implemented from fiscal yr 2026-27.

‘Squeezing tax’ & ‘Quiet India Movement’

The best cartoons of the day, chosen by the editors at ThePrint.

Have cars become expensive in India? Do this 1987 Maruti Omni vs 2023 Wagon-R math to know

Taxes on cars have gone up, the Indian rupee has depreciated considerably and cars have also added features.

Centre transfers Rs 1.18 lakh crore of taxes to states

The transfer is a part of monthly shifting of federal taxes to states, but was higher than the normal monthly devolution amount of 591.40 billion rupees, the govt said.

Govt’s method to evaluate rich states has gaps. Take tax devolution down to district level

Bengaluru, Hyderabad, and Gurugram add to the wealth of their states. It's crucial to look at district data because the 15th Finance Commission's calculation ignores intra-state inequality.

On Camera

Trump is tying his legacy to whatever happens in Venezuela

A bad turn in Venezuela would raise the same questions that have dogged the unlawful US strikes against alleged drug boats in the Caribbean: Why now, and why at all?

Wall Street carries big expectations this year after best run since 2009

The concern is not that 2025’s rally was irrational, but that it may be difficult to repeat. Outlooks remain anchored to AI investment and growth without reigniting inflation.

Greece looking at TATA’s WhAP infantry combat vehicle for army procurement

If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.