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Friday, March 20, 2026
TopicValue Added Tax

Topic: Value Added Tax

Sunglasses to now invite ‘coolness tax’. Punjab & Haryana HC puts to rest decade-old dispute

Division Bench settles decade-old tax dispute involving multiple optical dealers; sunglasses to be taxed under residuary category, not as corrective eyewear. VAT rate jumps from 5% to 12.5%.

On Camera

Why the US shouldn’t try to outsmart the oil market

Selling oil futures would be a desperate ploy, born of panic about rising US gasoline and diesel retail prices ahead of the midterm elections.

Israel’s tolerance for persistent threats on its borders has eroded: US intel on Iran war

When conflict with Iran ends, says the report, area’s key players are likely to reexamine longstanding assumptions & alliances as they determine how best to advance their interests.

Peaceful power transfers followed uprisings in India’s neighbourhood. It’s a sign of mature democracies

Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.