Why Countries Are Stocking Up on Gold
As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency. Source link
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Gross GST collections hit record high of Rs 2.43 lakh crore in April 2026 despite US-Iran war concerns
GST collections (AI image) GST collections: The gross Goods and Services Tax (GST) collections touched a new high in April, reflecting continued strength in economic activity even in the midst of the ongoing Middle East conflict.According to government data released on Friday, gross GST revenue for the month reached a record Rs 2.43 lakh crore,…
Where in the World Is All That Gold Stored?
As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis. Source link
Amazon’s quick-commerce monthly orders up 25%, scale gaps stay
BENGALURU: Amazon’s quick commerce push in India is gaining early traction, with orders on its Amazon Now service growing about 25% month on month, chief executive Andy Jassy said during an analyst call, as the company ramps up investments in one of its fastest-growing markets. “We continue to expand our ultrafast delivery service, Amazon Now,…
Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate. Source link
Bank holidays in May 2026: On which days are banks closed? Check full state-wise list
May 2026 bank holidays: May 2026 brings a packed holiday calendar for banks, with several state-specific closures to affect branch operations across India. While banks will not shut nationwide on every listed date, customers may need to track local holidays before planning cheque deposits, document work, cash transactions or in-person banking visits.Apart from weekly offs…
Windfall gains tax cut: Excise duty on diesel exports down to Rs 23/litre, ATF exports to Rs 33/litre
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
StanChart to sell select credit cards biz to Federal Bank
MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…
Govt likely to notify FEMA changes for foreign firms with up to 10% Chinese stake
The government is set to soon notify changes under the Foreign Exchange Management Act (FEMA) that will ease foreign direct investment (FDI) norms for overseas companies with up to 10 per cent Chinese shareholding, a senior official told news agency PTI on Thursday.Once notified by the Department of Economic Affairs (DEA), the revised framework will…
Proposed increase in EPF wage ceiling from Rs 15,000 to Rs 25,000 – What does it mean for employees?
For millions of salaried employees and the organisations that employ them, the proposed increase represents a shift towards social security. (AI image) India’s social security framework is at an important inflection point. After the labour codes, the government is reportedly considering another major reform: raising the wage ceiling for mandatory Employees’ Provident Fund (EPF) coverage…