Department Financial News

09.02 / 01:25

UPS Target Digital information reports Department Tax dodgers beware: I-T is searching GST data to widen tax base

Subscribe to enjoy similar stories. The Income Tax department may soon start drilling into goods and services tax (GST) data in an effort to widen India's direct tax base and improve compliance, two people familiar with the plans said. The idea is to tap into the indirect tax system's technological prowess and data trove, which are widely credited with encouraging the informal sector to join the formal economy.

06.02 / 02:57

UPS Citi wellness Justice Department strain Courts Justice Department struggles under weight of immigration crackdown

Subscribe to enjoy similar stories. When a lawyer representing the Justice Department told a judge in open court this week that she was exhausted and “this job sucks," she said out loud what many federal prosecutors have been privately feeling for months. The Trump administration’s immigration crackdown—and the push to arrest many of the demonstrators protesting against it—is straining U.S.

06.02 / 01:37

markets UPS Provident Booking Manufacturing Cycling Department AI power play: How MTAR Technologies is fuelling the data center boom

Subscribe to enjoy similar stories. Artificial Intelligence (AI)-led data center expansion is emerging as a structural demand driver across several industrial sectors, including power, clean energy and high-precision manufacturing. While the opportunity in India remains relatively small, the global market is already large and growing quickly, led by the US.

05.02 / 00:39

Bill stage information Department Courts Updates Interviews Recent reforms effectively a new direct tax code: CBDT chief

Subscribe to enjoy similar stories. New Delhi: India’s long-awaited overhaul of its direct tax regime has effectively arrived in stages, combining the simplified Income Tax Act enacted last year with a toned-down penalty and an enforcement framework under the Finance Bill 2026, and the revamped procedures and user-friendly ‘smart’ tax return forms to be rolled out later this month, Central Board of Direct Taxes (CBDT) chairperson Ravi Agrawal said in an interview.

04.02 / 15:57

Target security Metro Food Research Department Interviews Subsidies can’t be rolled back abruptly, reforms will be gradual: Vualnam

Subscribe to enjoy similar stories. New Delhi: Subsidies continue to serve critical national needs, and cannot be withdrawn abruptly, expenditure secretary V. Vualnam said in an interview, as he outlined a gradual course correction in India's subsidy and spending framework.

03.02 / 17:15

markets UPS Target Manufacturing Trade band Department Nominal GDP may get a boost from India-US trade deal: Secretary Thakur

Subscribe to enjoy similar stories. New Delhi: India’s nominal GDP growth for FY27, pegged at 10% in the Union Budget, could turn out higher if the proposed India-US trade deal goes through, which is expected to boost domestic manufacturing, Department of Economic Affairs (DEA) secretary Anuradha Thakur said. Nominal gross domestic product (GDP) measures economic output at current market prices, without adjusting for inflation, and is crucial for tax revenues because taxes are collected on current prices and incomes, not inflation-adjusted values.

03.02 / 01:05

UPS Waters Manufacturing electronic Department International Small budget for a big bottleneck: India’s only rare earth producer gets modest capex hike

Subscribe to enjoy similar stories. NEW DELHI: Even as India pushes to localize rare earth supply chains, the Centre has budgeted ₹140 crore in capital expenditure for the country’s only domestic manufacturer of rare earth magnets and rare earth oxides—IREL (India) Ltd—in the next fiscal year, a modest 1.4% increase from FY26. The muted allocation for the state-run producer, outlined in Union budget documents, has sparked questions about whether India is under-investing in its only operational domestic supplier at a moment when shortages are hitting industries from automobiles to electronics.

03.02 / 01:05

Immunic President country information Department Equality International A who’s WHO of groups to quit

Subscribe to enjoy similar stories. The U.S. formally ended its membership in the World Health Organization last month, a move President Trump set in motion immediately on taking office.

03.02 / 01:05

UPS Immunic Bill information reports Department Undisclosed foreign Esops? Settle now with ₹1 lakh penalty under new scheme

Subscribe to enjoy similar stories. In a major relief to taxpayers holding foreign assets, Budget 2026 proposed a one-time, six-month window for taxpayers to voluntarily declare any undisclosed foreign assets or foreign-sourced income and get amnesty from prosecution under the black money Act. Under tax laws, all foreign assets must be disclosed annually in the FA Schedule of ITR-2 or ITR-3, even if they generate no income.

02.02 / 16:57

Provident Target Manufacturing Align Department Courts Updates Budget 2026 seeks to make tax regime less adversarial, more predictable: official

Subscribe to enjoy similar stories. NEW DELHI : The fiscal year 2027 (FY27) Union budget signals a broader reset in India’s tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with targeted measures to offer greater certainty to global investors in strategic sectors.

31.01 / 08:17

Citizens SEC security Department Courts International Adani vs SEC: Diplomatic stalemate makes way for a long courtroom battle

Subscribe to enjoy similar stories. MUMBAI : The securities fraud proceedings against Adani Group chair Gautam Adani and his nephew Sagar Adani—over allegations of paying bribes to unnamed Indian government officials and misleading American investors—have broken a year-long political stalemate, making way for a potentially long legal battle in a US court.

29.01 / 09:23

security wellness President Justice show Department Investigations Why Powell won’t say if he is staying on the Fed board

Subscribe to enjoy similar stories. For the fourth time since summer, Federal Reserve Chair Jerome Powell declined Wednesday to say whether he will remain on the central bank’s board after his chairmanship ends May 15. “Again, I don’t want to get into this," Powell said at a news conference after the Fed’s latest meeting.

29.01 / 01:37

markets FIVE Hyundai Trade country reports Department From Mexico City to Pretoria, India's car exports are running into turbulence

Subscribe to enjoy similar stories. NEW DELHI : Just a month after Mexico doubled tariffs on car imports, South Africa is considering the option, in a one-two punch that threatens Indian automobile exports of over $2 billion. The latest move, if it takes effect, will hurt India's largest carmaker Maruti Suzuki India Ltd, and Hyundai Motor India Ltd—For Maruti, South Africa is the largest export market, while for Hyundai, it is among the top five.

29.01 / 01:37

security President shooting reports Department Investigations Trump and his team have a well-worn crisis playbook. It backfired in Minnesota.

Subscribe to enjoy similar stories. WASHINGTON—President Trump rose to power in real estate, reality television and politics following a simple creed in moments of crisis: Cede no ground, never admit mistakes and attack.

29.01 / 01:37

markets FIVE economy President Justice Department Investigations Fed holds rates steady for first time since July

Subscribe to enjoy similar stories. WASHINGTON—The Federal Reserve entered a new holding pattern on interest rates Wednesday and offered little clarity on when cuts might resume after contentious reductions at officials’ three previous meetings. The decision to hold the benchmark federal-funds rate steady in a range between 3.5% and 3.75% was approved on a 10-2 vote.

27.01 / 07:27

markets UPS Provident Healthcare hospital Department guidelines In a first, India firms up veterinary clinic standards to ensure quality care, wider access, adequate staffing

Subscribe to enjoy similar stories. New Delhi: The central government has for the first time firmed up comprehensive national guidelines, including infrastructure and human resource requirements, to modernize medical care for livestock and companion animals such as dogs and cats, according to two government officials and a document reviewed by Mint.

26.01 / 15:39

UPS Citi ICE President shooting Department Videos The American city that found itself at war with the US government

Subscribe to enjoy similar stories. MINNEAPOLIS—For months, Jacob Frey, the Minneapolis mayor, felt a growing dread watching the number of federal immigration and Border Patrol agents swell from dozens to hundreds to thousands, all deployed to his city to carry out President Trump’s promise of the largest deportation of illegal immigrants in American history. “We’ve seen constant, constant, escalation," Frey said.

25.01 / 10:27

security pandemic President Experts country Department Mint Explainer | US exits WHO: What it means for global health and America

Subscribe to enjoy similar stories. The US has formally withdrawn from the World Health Organization (WHO), a year after President Donald Trump signed an executive order to begin the process.

23.01 / 01:57

COST Provident Manufacturing country Department Interviews Trump administration taps data centres for backup power ahead of snowstorm

Subscribe to enjoy similar stories. The Energy Department is ordering U.S. grid operators to make backup electricity generation from facilities such as data centers available in case of power outages caused by the weekend’s winter storm, its latest extraordinary step to address electricity shortages and high prices.

22.01 / 01:45

Provident Justice country cover Department Courts rights Tiger Global ruling may complicate tax insurance for M&As, caution advisers

Subscribe to enjoy similar stories. Insurers may not readily offer tax liability insurance for merger and acquisition (M&A) deals and will subject them to stricter scrutiny given the risks of retrospective taxes, consulting and law firms cautioned, days after the Supreme Court ruled that Tiger Global must pay capital gains tax on its Flipkart share sale years ago.

22.01 / 01:45

UPS FIVE Research pandemic Virus outbreak Department India looks to overhaul disease outbreak response with a regional push

Subscribe to enjoy similar stories. New Delhi: With infectious disease outbreaks becoming more frequent and complex, the Union government is recasting its approach to how India detects, tracks and contains communicable diseases, and the upcoming Union budget could mark a decisive shift.

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