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Posted in Economy

Taxman’s JAARing move opens fresh debate over Mauritius treaty

Mumbai: In an unsettling decision, the Indian tax office has invoked the Judicial Anti Avoidance Rule (JAAR) to deny treaty benefits to a few Mauritius…

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Posted in Economy

NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainable

NITI Aayog Vice Chairman Ashok Kumar Lahiri on Wednesday defended the government’s decision to impose a merchant discount rate (MDR) on UPI transactions, saying businesses…

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Posted in Economy

India considers cutting vegetable oil import taxes as prices climb

New Delhi: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government…

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The petition, filed by advocate Anjan Datta, seeks the quashing of the notifications issued by the Union finance ministry on September 14 and 15. (FILE PHOTO)
Posted in Business

Petition in Supreme Court says scrap new UPI merchant fees; may burden consumers

A petition was filed in the Supreme Court on Wednesday, challenging the Centre’s newly notified framework allowing Merchant Discount Rate (MDR) on specified high-value commercial…

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US stock futures rise ahead of the Fed rate decision as Treasury yields hit 5%. (Pexel/Representative image) (Pexel)
Posted in Business

Why are stock futures rising before US Fed rate decision? S&P 500, Nasdaq, Dow react as 10-year yield hits 5%

US stock futures moved higher on Wednesday as investors waited for the Federal Reserve’s interest-rate decision. The market is expecting the US Fed rate to…

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Gautam Adani is at number 20th in the top 20 richest persons list released by Bloomberg while Zhang Yiming is at number 18. (Reuters/Mint)
Posted in Business

Gautam Adani no longer richest Asian. This businessman has overtaken him

India’s Gautam Adani is no longer the richest person in Asia, having been overtaken by Zhang Yiming, co-founder of ByteDance, which owns TikTok, according to…

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Posted in Economy

EPFO wage ceiling hike may cover up to 1 crore more workers: Union Minister Mansukh Mandaviya

Union Labour and Employment Minister Mansukh Mandaviya on Wednesday said raising the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month could bring…

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Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan

MUMBAI: A combination of reforms spanning taxation, infrastructure, manufacturing, insolvency and digital public infrastructure has improved India’s competitiveness, lowered logistics and transaction costs and strengthened…

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Posted in Economy

Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently

The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…

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U.S. Treasury Secretary Scott Bessent attends a House Financial Services Committee hearing on the state of the international financial system, on Capitol Hill in Washington, D.C., U.S., September 15, 2026. REUTERS/Annabelle Gordon (REUTERS)
Posted in Business

Scott Bessent should stop blaming the bond market

Theodore Roosevelt’s injunction to speak softly and carry a big stick has rarely felt more apt. In mid-August Scott Bessent, America’s treasury secretary, announced with…

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