Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.
CBI arrests Deputy Commissioner, two superintendents of CGST in Jhansi for demanding Rs 1.5 crore bribe. Rs 70 lakh first installment seized. Raids recover Rs 90 lakh more. Read the full investigation details.
The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.
Tata Steel shares continue their rally, gaining 1.2% to hit a one-month high after India extends safeguard duties on steel imports for three years. Discover the impact on the sector and future demand outlook.
CBI arrests 5, including an IRS officer, in a Rs 1.5 crore GST bribery scandal in Jhansi. Over Rs 1.6 crore cash seized. Read the full investigation details.
India's duty-free cotton import window has closed, reinstating an 11% levy. This move impacts textile firms' costs and keeps raw cotton prices below MSP for Vidarbha farmers. Key details inside.
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
An Ahmedabad company is accused of a $1 million trade fraud against South Korea and customs duty evasion in India, using a Korean shell firm to route Chinese goods. KOTRA has alerted Indian agencies.
India imposes 11-12% safeguard duty on select steel imports for three years to protect domestic industry from cheap shipments, primarily from China. Read the full details.
Sangli collector orders probe into 2000 tonnes of Chinese raisins imported via Afghanistan, repacked as Indian. Local farmers face huge losses. Strict action promised.
Former HPCC chief Kuldeep Rathore meets Governor, urges PM Modi to reverse 50% to 25% apple import duty cut under NZ trade pact, fearing massive losses for state's horticulture sector.
DRI arrests Hong Kong supplier's director in a ₹30 crore luxury furniture import fraud. Third arrest in the case involving undervaluation and document manipulation. Read the full investigation details.
Jaipur Metro shifts to QR code tickets after losing 80,000 smart tokens, costing crores. New paper and paperless systems aim to curb losses and offer convenience. Read more.
The Enforcement Directorate has attached properties worth Rs 17 crore linked to the Sirsa VAT scam. The case involves massive tax evasion through fake firms. Read the full details of the investigation here.
A GTRI report warns India's steel capacity expansion is under pressure as import curbs on low-ash metallurgical coke raise input costs, hurting competitiveness. Experts call for policy recalibration.
Teachers' organisations in Punjab reject govt's Rs 10 lakh ex gratia for deceased colleagues, term it discriminatory. They demand Rs 2 crore each & govt jobs for kin. Read more.
Himachal Education Minister Rohit Thakur condemns the Centre's decision to slash import duty on NZ apples from 50% to 25%, warning it threatens the state's Rs 5,000-crore apple economy.
The estate of Robert Brockman settles the biggest US individual tax fraud case, agreeing to pay $750 million in back taxes and penalties. Details on the $2 billion offshore empire revealed.
CII urges institutional reforms & fiscal consolidation in Budget 2026-27 for growth. Key asks: tech to curb tax evasion, debt control, PSU privatisation, and revamping food distribution. Read more.
The FBI offers a $7 million reward for Sim Hyon Sop, a North Korean banker accused of laundering millions for Kim Jong Un's regime through crypto and shell companies. Read the full investigation.
India unveils major reforms to simplify import inspections, a key move to boost trade and secure a long-awaited free trade agreement with the United States. Learn the details.
A report reveals Ukrainians are using old gas pipelines to flee abroad and evade military service. Eight facilitators detained, as an ex-official is accused of providing fake disability certificates.
DGGI Ahmedabad uncovers Rs 78 crore GST fraud network using 8 fake firms for fraudulent input tax credit. Key accused arrested. Details inside.
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
Amazon uncovers a massive scheme involving over 1,800 North Koreans using fake identities to land remote IT jobs, exposing 'laptop farms' used to fund Pyongyang's programs. Read the full investigation.
A US Navy pursuit of the Venezuelan oil tanker BELLA-1 ends in failure, raising questions about sanctions enforcement. Read the full story on the escalating maritime showdown.
China has initiated a formal dispute at the World Trade Organization against India's import restrictions in the solar and IT sectors. This move escalates trade tensions between the two Asian giants. Read the full analysis.
China initiates a WTO trade dispute against India, challenging import duties on solar cells and IT goods. This move escalates bilateral trade tensions and could impact India's green energy goals. Read more for details and analysis.
PIB clarifies new Income Tax Bill 2025 powers. Access to emails & social media is limited to search operations for tax evasion probes. Honest taxpayers unaffected.
India rejects New Zealand's request for duty concessions on dairy, vegetables, sugar, and metals. The move protects domestic sectors as both nations review their trade agreement. Read the full analysis.