Government Jobs

CBDT Chairman Ravi Agrawal asks officials to be ready for transition to new I-T Act

The Income Tax Department is gearing up for a significant change. A new direct tax law will be implemented from April 1, 2026, replacing the old Act. CBDT Chairman Ravi Agrawal has urged officials to be ready and understand the new rules. Training and capacity building are underway to ensure a smooth transition.

Industry Trends

US-Venezuelan conflict not to impact India's trade: GTRI

"India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3% in FY2025 and overall bilateral trade remaining marginal,” the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

Industry Trends

Insurance mis-selling: Irdai flags sharp rise in unfair practice complaints

Mis-selling remains a significant concern in India's insurance sector, with complaints related to unfair business practices rising sharply in FY25. The regulator is urging insurers to identify root causes and implement corrective measures, including product suitability assessments and distribution channel controls. Despite these efforts, insurance penetration remains low compared to global averages.

Industry Trends

Tax hike raises risk of smuggling of tobacco products and revenue loss for govt: Experts

Experts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue losses. The new excise duty structure, combined with existing GST, represents a 60-70% increase, potentially driving consumers towards smuggled products. This move risks amplifying India's already substantial illicit tobacco market.

Industry Trends

Markets this week: PMI data, geopolitics & more - What will drive Dalal Street?

Indian markets are poised for a data-driven week, with investors keenly watching domestic PMI readings and key US economic indicators. The earnings season kicks off, adding to the focus on corporate performance. Analysts anticipate a constructive market sentiment, driven by domestic fundamentals, despite potential short-term volatility from global cues and the rupee's movement.

Startup Funding

Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan

Group has commenced the 570 MW Wangchhu Hydro Electricity Project in Bhutan, which was initially announced in early September 2025. The foundation stone for the hydro power project was launched in the presence of Bhutan's Prime Minister Tshering Tobgay and Adani Group Chairman Gautam Adani.