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Budget proposes no income tax payable up to income of Rs 12 lakh

India is reviewing its stance on #cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, Economic Affairs Secretary Ajay Seth told Reuters in an interview. #crypto #CryptoNews reuters.com/technology/ind…

🚨 Breaking on Reuters - Kia facing a $155M Indian tax evasion probe for importing parts for Carnival minivan in separate shipments to pay lower duties, instead of so-called CKD unit which attracts more tax; Case similar to VW's $1.4 bln case. Nikunj Ohri Aditi Shah

India accuses Kia of evading taxes of $155 mln in VW-like dispute reuters.com/business/autos…

India's demand for back taxes running into record $1.4 bln from Volkswagen, post 12 years of scrutiny, is reigniting concerns that long probes and litigation could sour plans of foreign cos. in the fastest growing major economy.shorturl.at/o8QRz Aditi Shah Aditya Kalra

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law. reuters.com/world/india/in…

Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India's capital. shorturl.at/DzAHD

Former RBI Governor Shaktikanta Das appointed as Principal Secretary to Prime Minister.

India govt appoints present Finance Secretary Tuhin Kanta Pandey as Chairman of Securities and Exchange Board of India for 3 years.

India is asking the FATF, global money-laundering watchdog, to reduce compliance requirements for cross-border payments made through its homegrown system, per sources. Story with Nikunj Ohri reuters.com/world/india/in…

Breaking-Indian Armed Forces strike 9 terrorist camps in Pakistan-occupied Kashmir from where terrorist attack on Pahalgam, India was planned and directed. No Pakistani military facilities were targeted. Pakistan will respond to attacks by India, military spokesman tells ARY News

Inter-Services Public Relations (ISPR) Director General Lt Gen Ahmed Sharif Chaudhry said on Wednesday that India fired missiles from the air at Bahwalpur, Muzaffarabad and Kotli.

Indian armed forces launched strikes on 9 terrorist sites in Pakistan and Pakistan occupied Kashmir.

Wrapped up Stigler Center Journalists in Residence fellowship at the Chicago Booth. This quarter was filled with immense learning, growth, and inspiring people. Onwards and upwards!

India says Walmart's Myntra breached foreign investment rules. Case comes amid growing scrutiny of e-commerce players in India. Agency alleges Myntra "was actually carrying out multi-brand retail trading" in the guise of wholesale. tinyurl.com/4r5sty2t Munsif Vengattil Nikunj Ohri