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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Chandigarh University MBA Students Secure 2,605 Job Offers from 300+ Leading MNCs in 2025 & 2026; 196 Students Receive Multiple Offers
    FM Sitharaman directs Income Tax dept to work for benefit of common people
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
    Lokayukta police unearth Rs 17 crore assets of power firm official, relatives
    Archies Online Launches Pan-India Same-Day Cake, Flower & Gift Delivery Service
    Govt to replace Ordinance by introducing Income-tax (Amendment) Bill in Monsoon session
    Foreign assets, income details for 2022-24 now available under AIS on income tax portal
    TCS opens AI-focused Gemini experience centre in Kolkata
    I-T dept raises Cost Inflation Index to 384 for FY27
    Direct taxes grow 16 pc to Rs 6.51 lakh crore so far on faster corporate tax mop-up
    HIGHLIGHTS
    Direct tax mop-up grows 16 pc to over Rs 6.51 lakh cr so far in FY27
    UP RERA to facilitate GST refund for homebuyers, warns builders against excess levy
    Man held in Rs 1.6 crore loan fraud racket; 50 victims targeted: Delhi Police
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    August 4, 2026
    Show AI Summary
    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 28, 2026
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    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
    July 26, 2026
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 23, 2026
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
    Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
    Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
    July 22, 2026
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    Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
    Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
    July 22, 2026
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    Same-day gifting delivery expands access to cakes, flowers and curated gifts through an integrated pan-India online platform.
    Archies Online has introduced a pan-India same-day delivery service for cakes, flowers, gifts and hampers across major cities. Its integrated online platform offers greeting cards, personalised gifts, chocolates, soft toys and curated hampers for personal, professional and festive occasions. Same-day options include Rakhi and Friendship Day collections, supported by product curation, fresh sourcing and a delivery network intended to provide timely and dependable gifting services.
    July 16, 2026
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    Foreign investor tax exemptions on government securities are proposed to continue, supporting sovereign debt market liquidity and capital inflows.
    Income-tax exemption for foreign investors in government securities is proposed to continue through the Income-tax (Amendment) Bill, 2026, replacing the corresponding ordinance. The ordinance exempted interest income and capital gains from the sale, exchange or transfer of government securities by foreign investors, effective from 1 April. The measure seeks to attract foreign capital, deepen the sovereign debt market and improve liquidity amid global economic volatility. The legislative agenda also includes MSME reforms concerning delayed-payment redressal, enforcement of arbitral awards and State flexibility in constituting facilitation councils.
    July 16, 2026
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    Foreign asset reporting requires complete Schedule FA and Schedule FSI disclosures despite limited information displayed in the Annual Information Statement.
    Annual Information Statement records for eligible taxpayers include foreign assets and foreign-source income information received through the Automatic Exchange of Information framework. The information is intended to facilitate accurate tax compliance and is not a scrutiny or investigation mechanism. As the displayed data is limited to information received from partner jurisdictions and is not exhaustive, taxpayers must correctly and completely disclose all foreign assets and foreign-source income in Schedule FA and Schedule FSI, whether or not such information appears in the Annual Information Statement.
    July 16, 2026
    Show AI Summary
    Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
    TCS launched a Gemini Experience Centre in Kolkata with Google Cloud to enable consumer businesses to co-create, test and scale AI-led solutions. The centre showcases agentic AI applications for store operations, supply-chain management, omni-channel retail and customer service, serving retail, consumer packaged goods, travel, tourism and hospitality enterprises. The initiative uses Gemini Enterprise-based industry- and context-aware AI agents and seeks to accelerate agentic AI adoption and support movement from AI pilots to enterprise-scale deployment.
    July 16, 2026
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    Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
    The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
    July 14, 2026
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    Corporate tax growth strengthens direct tax collections, reflecting resilient profitability, advance tax payments, and improving compliance
    Net direct tax collections rose by 16.40 per cent to over Rs 6.51 lakh crore up to July 13, driven mainly by a 22 per cent increase in net corporate tax collections. Net non-corporate tax collections also increased, while Securities Transaction Tax collections grew by 48 per cent. Gross direct tax collections rose by 16.11 per cent, and refunds increased by 14.57 per cent. The collection trend was associated with resilient corporate profitability, stronger corporate advance tax payments, continued compliance and increasing formalisation.
    July 14, 2026
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    Language-policy challenges and religious-practice arrangements highlight legal developments alongside deportation reform and criminal investigation measures.
    The Supreme Court sought responses on challenges to the CBSE three-language requirement for Class 9 students and directed that Muslims be provided a separate open space adjacent to the disputed Bhojshala site for Friday prayers. A special NIA court issued a non-bailable warrant against Hafiz Saeed in connection with an investigation into the Pahalgam terror attack. The United Kingdom initiated a legislative change intended to remove an obstacle to deporting a grooming-gang leader to Pakistan.
    July 14, 2026
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    Direct tax collections rise as corporate and non-corporate tax receipts grow, alongside increased refunds during the fiscal year
    Net direct tax collection increased by 16.40 per cent to over Rs 6.51 lakh crore up to July 13 of the fiscal year. Net corporate tax collection rose by 22 per cent, while net non-corporate tax collection, covering individuals, Hindu undivided families and firms, increased by about 12 per cent. Refunds of Rs 1.22 lakh crore were issued, and gross direct tax collection increased by 16.11 per cent to over Rs 7.73 lakh crore.
    July 14, 2026
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    Excess GST collection requires promoter refund or direct GST claims by eligible homebuyers after credit-note deadlines expire
    Registered real estate promoters must collect GST from homebuyers only at notified rates and refund any excess collection or issue a credit note where legally permissible. If a project is cancelled, an agreement terminated, or an allotment revoked after the statutory credit-note period expires, an eligible unregistered allottee may seek a direct GST refund by obtaining temporary registration through a PAN and filing Form GST RFD-01 with proof of tax payment, supporting documents, and a promoter-issued certificate. Claims must be filed within two years and remain subject to GST verification.
    July 11, 2026
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    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.

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      HIGHLIGHTS

      July 14, 2026

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      New Delhi, Jul 14 (PTI) Following are the top stories at 5 PM NATION DEL9 MEA-INDIA-PALESTINE (11.39 AM)

      India supports UN membership for Palestine: MEA New Delhi: India has backed Palestine's bid for United Nations membership and reaffirmed its support for a two-state solution to the festering conflict between the Palestinian people and Israel.

      DEL8 JK-NIA-SAEED (10.24 AM)

      Jammu: NIA court issues non-bailable warrant against LeT founder Hafiz Saeed Jammu: A special NIA court has issued a non-bailable warrant against Hafiz Saeed, the Pakistan-based chief of the proscribed terror outfit Lashkar-e-Taiba, in connection with a case pertaining to the ongoing probe into the Pahalgam terror attack.

      DEL35 MEA-WASIA-LD VESSELS (4.06 PM)

      1 Indian killed, 10 injured in Iranian attacks on 2 ships in Strait of Hormuz; New Delhi summons Iranian DCM New Delhi: An Indian national was killed and 10 others were injured in Iranian attacks on two oil tankers in the Strait of Hormuz, prompting New Delhi to summon the deputy chief of the Iranian embassy and lodge a strong protest over the strikes.

      DEL39 CONG-PAK-US (4.22 PM)

      Pak influence in West Asia setback to India, question mark on Vishwaguru's style: Congress New Delhi: The Congress on Tuesday said the bonhomie between the US and Pakistan and Islamabad's influence in West Asia is a "severe setback" to India, and poses a question mark on the "self-proclaimed Vishwaguru's" style and substance.

      DEL19 CJP-PROTEST-DAY 25 (1.52 PM)

      CJP protest day 25: Wangchuk in 'immense pain', refuses to end fast without dialogue New Delhi: Activist Sonam Wangchuk has refused to end his indefinite hunger strike despite suffering muscle loss and "immense pain", insisting that the government should initiate dialogue, the Cockroach Janta Party (CJP) said on Tuesday as his fast entered the 17th day and the outfit's agitation completed 25 days.

      CAL23 WB-TASLIMA NASRIN-EVENT (4.22 PM)

      Taslima Nasrin to return to Kolkata after 19 years for anti-fundamentalism event Kolkata: Nearly two decades after she was forced to leave Kolkata amid violent protests over her writings, exiled Bangladeshi author Taslima Nasrin is set to return to the city next month to attend an event, in a politically symbolic moment that the BJP government in West Bengal is projecting as the reversal of what it calls a long-standing capitulation to religious fundamentalism.

      MDS13 TN-HEALTH-PORTAL-CM (2.19)

      CM Vijay launches Nalam TN AI Whatsapp chatbot for OP registration in GH Chennai: In a major thrust towards making healthcare services more accessible, Chief Minister C Joseph Vijay on Tuesday launched Nalam TN - an integrated digital platform - to facilitate quick and remote OP registration and appointments at the government medical facilities across the state.

      LEGAL LGD24 SC-CBSE-LANGUAGE (3.36 PM)

      SC seeks Centre, NCERT's responses on pleas against CBSE's 3-language rule for Class 9 students New Delhi: The Supreme Court on Tuesday sought responses from the Centre, NCERT and the CBSE on two fresh pleas challenging the education board’s policy mandating the study of three languages, including two native Indian languages, for Class 9 students.

      LGD17 SC-LD BHOJSHALA (2.16 PM)

      SC directs separate open space for Muslims adjacent to disputed Bhojshala for Friday prayers New Delhi: The Supreme Court on Tuesday directed that Muslims be provided separate open space adjacent to the disputed Bhojshala site for offering namaz on Fridays between 1 and 3 pm.

      BUSINESS DEL27 BIZ-TAX-COLLECTION (3.19 PM)

      Direct tax mop-up grows 16 pc to over Rs 6.51 lakh cr so far in FY27 New Delhi: Net direct tax collection grew 16.40 per cent to over Rs 6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up, government data showed on Tuesday.

      DEL38 BIZ-INFLATION-LD WPI (4.13 PM)

      WPI inflation rises to 9.87 pc in June; minerals, food items see price spike New Delhi: Wholesale price inflation rose to 9.87 per cent in June, from 9.68 per cent in May, led by a sharp spike in prices of non-food and food products.

      DEL40 BIZ-SERVICES INDEX (4.48 PM)

      Govt releases maiden services index; 14 sub-sectors record double-digit growth in April New Delhi: The government on Tuesday released the first sub-sectoral trial Index of Services Production, which showed 14 out of the 19 sub-sectors of formal services recorded double-digit growth in April 2026.

      FOREIGN FGN32 UK-GROOMING GANG-DEPORT (3.22 PM)

      UK enacts law change to deport grooming gang leader to Pakistan London: Home Secretary Shabana Mahmood has set a law change in motion in the UK Parliament that will remove the legal hurdle blocking the deportation of a grooming gang ringleader to Pakistan.

      FGN29 CHINA-CPC-LD EXPULSION (1.27 PM)

      China expels senior Communist Party leader in anti-corruption crackdown Beijing: The ruling Communist Party of China (CPC) on Tuesday expelled its former chief of Xinjiang province, Ma Xingrui, from the party and dismissed him from public service for corruption and violating party discipline.

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