Anupam Manur proposes two tax reforms: reducing tax on foreign capital to stem outflows and shore up the rupee, and ending tax disparity between bank deposits and capital gains to lower lending rates.
Planning a bank visit in June? Check the list of bank holidays across states including Odisha, Andhra Pradesh, Maharashtra, and more. Digital banking remains available.
Last week, seven of India's most-valued companies saw their combined market cap shrink by Rs 1.54 lakh crore, with Reliance Industries leading the decline amid a holiday-shortened trading week.
Foreign portfolio investors withdrew Rs 32,963 crore from Indian equities in May, continuing a selling trend that has pushed total outflows to Rs 2.25 lakh crore in 2026, driven by weak rupee, earnings concerns, and global opportunities.
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Stay updated with the latest gold and silver rates in Bengaluru, including bank holidays, AQI, weather, and fuel prices. Expert insights by Mini Thomas.
Recent rainfall in Punjab has significantly reduced power demand, offering temporary relief from high electricity consumption and grid strain.
Chandigarh Police registers case against Panchkula resident for allegedly cheating a businessman of ₹88.66 lakh via dishonoured cheques for pharmaceutical raw material purchases.
Ahmedabad consumer commission orders Ola Electric to refund Rs 90,000 for a defective e-scooter that kept breaking down, plus compensation and costs.
After industry backlash, the US clarifies its Green Card policy, stating most immigrants can remain in the US during processing, with exceptions for those deemed less critical.
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At least 27 people were duped of nearly Rs 14 crore in an online investment scheme promising steady returns via advanced trading technology, Delhi Police said.
A dispute over borewell water in Bhopal's Sukhi Sewania turned violent, leaving eight injured after an axe attack by neighbours. The accused allegedly attacked the family for denying water due to falling groundwater levels.
A 22-year-old delivery executive in Visakhapatnam used grocery deliveries to identify locked houses for burglaries. He was arrested after police caught him roaming in Mettavalasa. Gold ornaments worth 200 grams were recovered.
Vigilance arrested Patitapaban Majhi, former secretary of Garhsantri Service Co-operative Society, for allegedly misappropriating Rs 33,80,963 in government funds during 2017-18.
The Anti-Evasion wing of CGST Mumbai Central arrested Fakhruddins Dahodwala for allegedly availing fake ITC of Rs 12.13 crore through bogus GST invoices without actual goods receipt.
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The ITAT Mumbai bench ruled that merely adding a spouse's name to a property does not make them liable for tax on sale proceeds. Tax authorities must determine actual ownership and funding.
Vigilance sleuths arrested Patitapaban Majhi, a cooperative banking officer, for allegedly misappropriating government funds amounting to Rs 33,80,963 in Bhubaneswar.
A special CBI court in Tripura sentenced three executives of Pragatishil Infra Project Services Pvt Ltd to six years of rigorous imprisonment for defrauding over 800 depositors of Rs 5.50 crore.
The DRI seized over 24 kg of narcotic drugs in Kerala under Operation Chakravyuh, arresting five individuals in a major anti-drug operation.
India's gold demand dropped nearly 70% after import duty rose from 6% to 15%. Demand fell to 7.5 tonnes in late May, down from 25 tonnes last year. High fuel and food prices also weakened sentiment.
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India launches a native solution to address the database visibility crisis in regulated organizations, enhancing transparency and compliance.
The US Department of Homeland Security clarified that green card applicants do not need to leave the US during processing, easing confusion caused by an earlier USCIS announcement.
The Punjab Vigilance Bureau arrested a PSPCL accountant for demanding and accepting a bribe of Rs 15,000 from a complainant to clear pending bills.
Gold demand in India fell nearly 70% after import duty doubled to 15%. High fuel, food prices, and PM Modi's appeal further hit sentiment. Consumers shift to lighter jewellery.
Uttar Pradesh electricity consumers face a nearly 10% hike in power bills from June due to an additional fuel surcharge imposed by UPPCL, aimed at recovering increased fuel and power procurement costs.
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RBI's record surplus transfer of nearly Rs 2.9 lakh crore in FY26 was fueled by a 26% rise in total income to Rs 4.3 lakh crore, driven by forex gains, higher returns on foreign assets, and robust domestic bond income.
The BSE Sensex fell nearly 1,100 points on Friday due to weak monsoon forecast and MSCI rebalancing, despite a stronger rupee and lower crude oil prices.
Mumbai's CNG price increased by Rs 2 per kg to Rs 86, while PNG rates also rose. The hike is due to higher input costs, affecting auto and taxi fares.
Only 5% of registered entities in Nagpur I-T circle filed SFT by May 27. Delay penalties apply. Over 40 lakh unreported transactions worth Rs25,000 crore unearthed.
Bhojpur consumer commission ruled that denying a confirmed berth is a deficiency in service, ordering railways to compensate a passenger who had to stand throughout his journey.
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Middle-class families in Ahmedabad are forced to pay up to Rs 12 lakh to block seats in multiple private engineering colleges due to overlapping counselling schedules, causing financial strain.
