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Saturday, February 21, 2026
TopicValue Added Tax

Topic: Value Added Tax

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

Sushil Manav -
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

YourTurn

Opinion

AI is officially ruining social media. It made brainrot boring

Prasanna Bachchhav -
Every other account is a bot or a person posting AI content, and social media is getting less social by the day.

Bangladesh lost on all fronts under Yunus. A herculean task awaits the new PM

Cautious optimism — India’s new relationship with Tarique Rahman’s Bangladesh

Economy

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

Vrinda Tulsian -
On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Defence

Embraer moves full throttle in pursuit of IAF contract, ties up with Hindalco after Adani

Snehesh Alex Philip -
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.

National Interest

No country is ever fully sovereign. Cold War era taught India its real meaning

Shekhar Gupta -
India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.

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