The move directs US officials to identify Canadian-origin products for removal from the federal civil procurement system and monitor Canada’s treatment of American goods. US President Donald Trump signed a Presidential Memorandum to take steps to remove Canadian-origin goods from the US federal civil procurement system, escalating trade tensions with Canada.Trump directed the Office of…
The export levy has been cut by Rs 1 per litre on petrol, Rs 5 on diesel and Rs 4 on ATF, bringing the rates down to Rs 0.5, Rs 20 and Rs 15 per litre, respectively. NEW DELHI: The government has cut export levies on petrol, diesel and aviation turbine fuel (ATF), with the…
100% tariff on India? Russia sanctions bill clears key hurdle, final House vote next US President Donald Trump’s tariff ambitions could soon get a legal pathway to hit India with tariffs as high as 100 per cent if a proposed Russia sanctions bill clears the US House of Representatives and becomes law.The House is scheduled…
US Federal Reserve chief Kevin Warsh US Federal Reserve Chair Kevin Warsh-led Federal Open Market Committee (FOMC) on Wednesday hiked the key interest rate to 3.75%-4% target range. This is the first interest rate hike since 2023.“The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4…
The tax department imposed a penalty of Rs 8.29 lakh, alleging misreporting of income. (Image for representative purpose only) You move abroad for your job but forget to file your Income Tax Return. When you remember, you file your ITR but the date for belated return has also passed and after filing self-assessment tax, you…
Yiming has become Asia’s richest person for the first time overtaking Gautam Adani. ByteDance Ltd.’s Zhang Yiming has overtaken Adani Group chairman Gautam Adani as the richest Asian, according to the Bloomberg Billionaires Index. Yiming has become Asia’s richest person for the first time, as the artificial intelligence boom creates new fortunes that are overtaking…
ISMA has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity NEW DELHI: Indian Solar Manufacturers Association (ISMA) has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity, with an annual…
The brother-in-law had argued that the GPA’s “power to gift” effectively gave him ownership. (Image for representative purpose only) Family disputes can be tricky especially those involving property. In one such case a brother-in-law allegedly did not pay the full due amount to the sister-in-law for the sale of land. The family property dispute over…
Shares of fintech companies, including Paytm, rallied in early trade on Wednesday after the government announced a 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 made to merchants, effective October 15.Shares of One97 Communications Ltd, which owns the Paytm brand, rose 7.24% during intraday trade to hit a 52-week high of Rs…
Higher income can improve the borrowing capacity of an applicant, but it should not be confused with affordability. The author is CEO of PaisabazaarBuilding awareness on how a lender assesses a loan application can help prospective borrowers plan better and stay eligible for suitable offers. Lenders conduct a thorough risk assessment while approving your loan….
