The Latest Breaking News from India

FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report

Foreign currency non-resident inflows have significantly bolstered rupee stability and India's balance of payments. However, the current support from these inflows may not suffice for long-term external stability. Foreign institutional investor flows are crucial for maintaining economic balance as the support from FCNR is absorbed. India's goods deficit has reached…

The Economic Times · Oct 2

NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax notice

Parents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny from the Income-tax Department. Understanding when these transfers could prompt questions and how to document them properly is crucial for avoiding potential tax liabilities or notices. Learn about the…

The Economic Times · Oct 2

India goes FTA shopping at G20 as Piyush Goyal works the room with a cart full of trade deals

India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing…

The Economic Times · Oct 2

India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P Global

Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to…

The Economic Times · Oct 2

Bimal Patel sworn in as judge of International Tribunal for the Law of the Sea

Indian jurist Bimal Patel has officially taken charge as a judge at the International Tribunal for the Law of the Sea (ITLOS) in Hamburg. Patel began his nine-year term after taking oath on Thursday, succeeding Neeru Chadha, whose tenure ended on Wednesday. He was elected to the tribunal last year…

The Economic Times · Oct 2

Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these grounds

Mrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submitted that the actual payments during the year aggregated to Rs 1.85 crore, comprising Rs 1.73 crore paid to the builder and Rs 11.86 lakh towards registration charges and…

The Economic Times · Oct 2

As India and China repair ties, a Tibet film tells the story of a forgotten resistance

‘Four Rivers Six Ranges’ brings Tibet’s little-known resistance history to the screen

The Independent UK · Oct 2

India’s mixed recurve team beats Japan 5-3, moves within one win of LA 2028 quotas

India's mixed recurve archery team secured a place in the gold-medal final after defeating Japan. After trailing 1-3, they rallied to win the semifinal match with a score of 5-3. Earlier, India won gold in the women's recurve team event against South Korea, marking a historic achievement. Kumkum Mohod and…

The Economic Times · Oct 2

Flydubai's Omani pilot who attacked Capt Machchhar used 'feet to destroy control', was indoctrinated Islamist

New footage and details have emerged regarding a FlyDubai co-pilot's failed attempt to crash a Tel Aviv-bound flight. Quick-thinking passengers and crew subdued the attacker, while Indian Captain Smit Machchhar fought back to unlock the cockpit. Machchhar is recovering well in a UAE hospital, hailed for preventing a major disaster.

The Economic Times · Oct 2

Putin sees ‘very big potential’ in India ties, backs joint use of global trade corridors

Vladimir Putin highlighted significant potential for economic collaboration with India, particularly in transport and shipping corridors. He expressed readiness for joint maritime initiatives following successful pilot voyages with China and South Korea. Putin praised Prime Minister Narendra Modi's efforts towards resolving the Ukraine conflict through dialogue and mutual understanding. Meanwhile,…

The Economic Times · Oct 2