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India’s gold and silver imports surged to record levels in 2025, ringing alarm bells in government and policy circles as soaring precious metal prices threaten to widen the trade deficit and add fresh pressure on the rupee. With limited policy tools available, officials and market participants told Reuters raising import duties is once again emerging…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
Budget 2026 for defence: FICCI has advocated for higher emphasis on ‘Atmanirbharta’ in defence, with modern techniques. (AI image) Budget 2026 for defence: Finance Minister Nirmala Sitharaman’s Union Budget 2026 should look to prioritise growth-enhancing productive capital expenditure, with a special focus on the defence sector at a time when the global environment is marked…
Millions of Americans face higher healthcare costs as enhanced Affordable Care Act tax credits expired on January 1, 2026, despite efforts from both Republicans and Democrats to find a solution. The expiration affects over 20 million people who rely on these subsidies, with average premium costs more than doubling for most enrollees.The subsidies were part…
US immigration changes: EAD, H-1B and citizenship rules affect Indian professionals. (Getty Images) The US has introduced three major immigration changes within two months, significantly affecting Indian professionals, students, and Green Card holders. These include the abrupt end of automatic Employment Authorisation Document (EAD) extensions, a steep increase in H-1B visa fees, and a tougher…
The Unique Identification Authority of India (UIDAI) has announced a revised fee structure for Aadhaar-related services, effective October 1, 2025, and applicable until September 30, 2028. Subsequent adjustments are scheduled from October 1, 2028, to September 30, 2031.Under the new rates, standard service fees will rise: services previously costing Rs 50 will increase to Rs…
MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…
