Marco Rubio says US President studying impact of possible tariffs US President Donald Trump has waived key sanctions provisions under the Lindsey O Graham Sanctioning Russia and Iran Act, putting on hold proposed tariffs targeting major buyers of Russian oil and gas, including India and China.Rubio, explaining the decision on Saturday (local time), said that…
Venezuela signs 61 oil agreements Venezuela expects to attract nearly $76 billion in oil investments over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday. A bilateral accord with the United States includes plans to drill 250 rigs and covers 17 oilfields, forming part of a broader package of…
ITAT Jaipur identified a significant error in the AO’s assessment. (Image for representative purpose only) Indians based globally and investing in India can in some cases face tax notices for unexplained income.In one such case, a woman invested money in FCNR term deposits along with her husband. Both of them received separate tax notices from…
Diesel prices have become a growing political concern ahead of the November 3 midterm elections US President Donald Trump has waived several sanctions, restrictions and duties targeting Russia under the Graham Act, just weeks after signing the legislation aimed at squeezing Moscow over its invasion of Ukraine. The move comes as his administration seeks to…
She, however, insisted that dialogue is the best way to address these issues NEW DELHI: Finance minister Nirmala Sitharaman Friday flagged her concerns over the large — and exponentially growing — trade imbalance with China and said Beijing has not addressed India’s concerns for nearly a decade and continued to deploy non-tariff barriers.“The trade imbalance…
For now, it’s a temporary waiver and not a long-lasting relief (Representative image) US President Donald Trump’s decision to waive additional tariffs of up to 100 per cent on major buyers of Russian oil has provided temporary relief to India, but the pressure remains as the possibility of Washington restoring the duties is still there…
If a taxpayer is not told which specific legal provision forms the basis of the proposed penalty, the subsequent penalty proceedings are vitiated. (Image for representative purpose only) You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty…
As per latest IMF projections, India is expected to become the third largest economy after the US and China by 2031. India may have slipped to the sixth spot in the list of the world’s largest economies, but its GDP growth continues to defy estimates by both domestic and global institutions. At 7% plus, India…
ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan…
DP World CEO Yuvraj Narayan Amid global trade disruption, DP World CEO Yuvraj Narayan spoke to TOI about his company’s plans to ensure smooth cargo movement as well as plans for India, where it is looking to invest $3-5 billion. Excerpts:How is it going because of what’s happening in West Asia, what is the impact…
