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Posted in Economy

Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to know

The government’s one-time Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 will come into force on August 16, giving eligible taxpayers a limited window to…

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$12.5bn price tag is highest ever for an American sports team (AFP)
Posted in Business

Is the LA Lakers’ sale a sign of sports investment gone mad?

WHAT IS A worthy consolation prize for a billionaire investor whose attempt to buy a stake in fifa’s football World Cup recently blew up in…

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Posted in Economy

PM Modi says India securing critical minerals, deepening global supply partnerships

Prime Minister Narendra Modi on Saturday said India is stepping up efforts to secure critical minerals and forge supply-chain partnerships with multiple countries as it…

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Posted in Economy

Govt opens window for disclosure of foreign assets, income

The government has opened a limited disclosure window for taxpayers to regularise specified foreign bank accounts, overseas property, jewellery, artwork, shares and securities and other…

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Posted in Economy

India’s growth story, and its challenges — in numbers

India celebrates its 80th Independence Day today, marking eight decades of transformation since 1947. Over the years, the economy has evolved dramatically—from rising incomes and…

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Posted in Economy

Internship scheme aims to bridge skill gap among youth: Nirmala Sitharaman

New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Friday said the PM Internship Scheme has been designed to narrow the gap between the…

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Wholesale Inflation Eases to 9.8% on Softer Energy Prices
Posted in Economy

Wholesale inflation eases to 9.8% on softer energy prices

New Delhi: India’s wholesale inflation eased marginally to 9.8% year-on-year in July from 9.9% in June and May, as softer energy prices offset rising inflation…

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Posted in Economy

New Development Bank plans $7.5 billion funding to deepen rupee lending

New Delhi: The New Development Bank (NDB) plans to channel $7.5 billion into India over five years, stepping up local-currency financing as the BRICS lender…

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Govt mulls single-window clearance for space sector<br>
Posted in Economy

Govt mulls single-window clearance for space sector

New Delhi: The government is considering introducing a single-window clearance system for the space sector to improve ease of doing business and reduce timelines in…

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Forex reserves soar to $707 billion, highest so far in current fiscal
Posted in Economy

Forex reserves soar to $707 billion, highest so far in current fiscal

Mumbai: India’s foreign exchange reserves rose $14.1 billion to $707 billion in the week ended August 7, the highest total reserves in this fiscal year….

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