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Sameer Gupta, National Tax Leader, EY India The Income-tax Act, 2025, marks a comprehensive overhaul of India’s six-decade-old direct tax law, replacing the Income-tax Act, 1961, with a simplified, principle-based framework. Aimed at reducing litigation and improving tax certainty, the new law seeks to streamline provisions, remove redundancies, and align tax administration with a digital-first…
Making a case for maintaining the status quo on interest rates, PwC Partner and Economic Advisory Services leader Ranen Banerjee said any rate cut at this stage would amount to “wasting a bullet” at a time when economic growth is robust and inflation remains benign.The Reserve Bank of India is unlikely to reduce the policy…
Dinesh Kanabar, Chairman & CEO, Dhruva Advisors The Income-tax Act, 2025, which is slated to come into force from 1 April 2026, is the product of an extensive consultative exercise, involving a Parliamentary Committee, wide-ranging stakeholder representations, and detailed deliberations before its eventual enactment. Against this backdrop, it would ordinarily be expected that the forthcoming…
Sometimes progress in space science does not arrive with a flash. It comes quietly, through patient observation, and then settles into place. That is how this new result from NASA’s Imaging X-ray Polarisation Explorer fits. For the first time, the mission has been used to study a white dwarf star, not as a distant point…
After one of its strongest rallies in decades, gold prices may take a breather in 2026, though the long-term outlook remains firmly bullish, analysts at ICICI Direct said on Tuesday.The report noted that US Federal Reserve rate cuts are expected in 2026, ongoing concerns over rising global debt, and questions over long-term Fed independence will…
Man beaten, wife molested, teenage son stripped and thrashed in full public view NEW DELHI: A dispute over a gym operating from a residential property allegedly escalated into a violent assault in east Delhi’s Laxmi Nagar, where a man was beaten up, his wife was allegedly molested, and their son was stripped naked and assaulted…
Donald Trump and Volodymyr Zelenskyy (PTI photo) Ukrainian President Volodymyr Zelenskyy, just hours before his meeting with US President Donald Trump at the latter’s Florida club, briefed UK Prime Minister Keir Starmer on their “detailed phone call” and updated him on preparations for the Trump meeting. Earlier, Trump held what he described as a “productive”…
The US Justice Department’s official website struggled to cope with heavy traffic on Friday as the first batch of Jeffrey Epstein files was made public.Following the release, dozens of people reported the site crashing on social media. Users said that the website was “not loading” or showing messages showing their requests were “in queue.” Users…
A deal is only done when both sides stand to benefit, said Piyush Goyal. (AI image) India-US trade deal: Commerce and Industry Minister Piyush Goyal has reacted to a Donald Trump administration official’s statement that India has made the ‘best ever’ offers with regards to the trade deal talks. While not providing any timeline to…
Nasa astronaut Don Pettit has captivated the internet with a striking photograph taken from space, showing the Saudi Arabian city of Mecca shimmering against the night. The orbital image reveals a brilliant central glow visible distinctly even from 400 kilometres above Earth.Don Pettit shared the image highlighting “Islam’s holiest city” being visible even from space….
