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Subscribe to enjoy similar stories. India hopes to leverage its tariff concessions to the European Union (EU) to press for mutual recognition of aircraft maintenance certification, an official familiar with the plan said. The aviation ministry will nudge the European Union Aviation Safety Agency (EASA) to accept certifications issued by the Directorate General of Civil Aviation (DGCA), especially for Indian maintenance, repair and overhaul (MRO), the official cited above said on the condition of anonymity.

Mint, the new norms prescribe test methods to measure the presence of dimethylformamide (DMF) and polycyclic aromatic hydrocarbons (PAHs), respectively. Both substances are commonly used in footwear manufacturing and can pose health risks with prolonged exposure.DMF is widely used as a solvent in the production of polyurethane-based synthetic leather and components.

garment manufacturing—especially in the domestic market—has relied on company-defined specifications rather than nationally harmonized benchmarks.India’s shirt market, valued at over ₹39,000 crore and dominated by men’s wear (94%), is expanding steadily, with women’s segments growing at an 11% CAGR (compound annual growth rate), while the trouser market is also witnessing strong growth, driven by rising incomes and urbanization, and is projected to reach ₹78,480 crore by 2027.This assumes significance as India is a major exporter of shirts, with outbound shipments of men’s and boys’ shirts rising from $1.06 billion in FY24 to $1.08 billion in FY25, while exports of women’s shirts increased from $1.04 billion to $1.10 billion during the same period. Despite this, the new standards are unlikely to alter export volumes, as manufacturers will continue to follow the sizing and specification norms of importing countries, while ensuring compliance with BIS requirements for the domestic market.Similarly, exports of men’s trousers rose from $1 billion in FY24 to $1.12 billion in FY25, while women’s trousers saw a sharper increase from $2.84 billion to $3.10 billion during the same period, underscoring India’s strong presence in the global apparel trade.“A uniform standard will benefit exporters, as different buyers currently impose varying testing standards, increasing compliance costs.

India is preparing to merge its diverging tax and financial reporting frameworks into a unified system, two people aware of discussions said, in a move aimed at dismantling one of the most cumbersome hurdles for corporate India.The overhaul seeks to harmonize the Indian Accounting Standards (IndAS)—used for shareholder reporting—with the Income Computation and Disclosure Standards (ICDS) mandated by tax authorities. If successful, this would represent the most significant structural shift in the nation’s accounting landscape since IndAS was first adopted in 2016.The move is significant because tax accounting standards, called the ICDS, issued by the Income Tax department and the Indian Accounting Standards or IndAS, notified by the ministry of corporate affairs follow different accounting principles.IndAS aims to capture the economic position of a company at a given point in time using fair valuation of assets and liabilities, an approach useful for investors.

Subscribe to enjoy similar stories. One significant announcement in the budget relates to the introduction of market makers in India’s corporate bond market. This idea has been around for some time, with the Securities and Exchange Board of India (Sebi) having released a paper on it.

Subscribe to enjoy similar stories. As the Parliament's budget session kicks off today, all eyes will be on the Finance Bill 2026 that will outline tax rates for the coming financial year. However, the government has also lined up for passage a series of reform bills spanning education, bankruptcy regime, motor vehicles and agriculture for passage during the session, three people aware of the matter said.

Subscribe to enjoy similar stories. NEW DELHI: India is set to notify revised and stricter national standards for elevators used by people with disabilities, designed to make buildings safer for them, more accessible and easier to navigate independently. The move to enforce stricter technical and functional requirements is seen as a fresh push to the Accessible India campaign launched in 2015 to improve mobility and access for divyangjans across buildings, workplaces, public transport and daily infrastructure, two people aware of the matter said.

Subscribe to enjoy similar stories. Top brokers have urged the capital markets regulator to harmonize market-making rules across equity and commodity derivatives, a proposal that holds the potential to challenge the near-monopoly of the Multi Commodity Exchange (MCX) in India's commodity derivatives market if implemented.

Final Destination: Bloodlines will release on May 16, 2025. The trailer reveals shocking death scenes and a deeper connection between past and present victims.

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group. Bernard, 76, created the group and has grown it into the world's largest in its sector, holding the position of both chief executive and chairman of the board, and making him the wealthiest man outside the United States. But he has yet to name a successor, even though his five children — ranging in age from 27 to 49 — work for the group and four sit on its board. At the company's next general meeting on April 17, shareholders will be asked to vote on an amendment to «to harmonize the age limits for the Chairman of the Board of Directors and the Chief Executive Officer, bringing them to 85 years,» according to a posting in an official gazette. The company had already raised the age limit for CEO to 80 in 2022. In July 2022, Bernard Arnault consolidated family control over LVMH by reorganizing his Agache holding company into a limited partnership.

Subscribe to enjoy similar stories. NEW DELHI : India has the potential to become the manufacturing hub of wind power components like turbines to cater to global demand, and policy initiatives along the lines of production-linked incentives (PLI) would go a long way in unlocking that potential, said Girish Tanti, vice chairman of Suzlon Energy Ltd. In an interview, Tanti said the National Manufacturing Mission proposed in the Union Budget 2025-26 and the focus on clean tech manufacturing are expected to bring the sector the required support.

The first benefits of the new year will go out Friday, with eligible Canadians receiving goods and services tax (GST) or harmonized sales tax (HST) credits from the federal government.

Q. If I tear down and then rebuild my principal residence of 32 years and sell it without moving in, will I have to pay any capital gains tax or Harmonized Sales Tax (HST)? Is there anything else I should be aware of so I don’t get in the crosshairs of the Canada Revenue Agency (CRA)?

Subscribe to enjoy similar stories. If technology is the new oil, who should steer the oil-tankers? Can India afford to drift without an artificial intelligence (AI) captain in the age of AI? Incoming US President Donald Trump has announced the appointment of former Paypal executive David Sacks as a “crypto and AI czar" to guide policy. The message is clear: governing AI and generating commercial value from AI innovations is an urgent need for global supremacy.

Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom ov...

“tax holiday” on dozens of items as a Liberal bill inches closer to becoming law.Bill C-78, titled the “Tax Break for All Canadians Act,” passed in the House of Commons Thursday night, with the help of support from the New Democratic Party.It will now be considered by the Senate and if passed there, will go on to receive royal assent.A two-month break on the goods and services tax or harmonized sales tax will apply on certain groceries, alcoholic beverages and children’s clothing, among other items.This change would take effect on Dec. 14 and end on Feb.

Legislation to create a two-month-long GST holiday is expected to pass on Thursday.

The federal government is calling on the provinces to “step up” and drop their sales taxes on certain items in line with Ottawa’s proposed two-month relief period.

Subscribe to enjoy similar stories. After long years of stasis, there seems to be a flurry of activity at the Union ministry of statistics and programme implementation (Mospi). Long-delayed surveys have been released.

Prime Video announces the release date for On Call, a police drama series featuring Troian Bellisario and Brandon Larracuente. The series will premiere on January 9, with all episodes streaming in over 240 countries.

Subscribe to enjoy similar stories. The National Financial Reporting Authority’s (NFRA) board will soon consider enforcing tighter norms for statutory audits of conglomerates, two people aware of the development said, a move that has received support from some of the top audit and consulting firms.