Supreme Court Tariff Ruling to Spur Chaotic Refund Process
The Trump administration says it could take years and additional litigation for importers to get their money back. Source link
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Saudi crude imports narrow gap with Russia, set to become biggest supplier
Crude imports from Saudi hit highest level New Delhi: Crude oil imports from Saudi Arabia have hit their highest levels since Nov 2019, clocking nearly 1-1.1 million barrels per day (bpd) in Feb, and overtaking Russia temporarily to emerge as the biggest supplier to India.According to data shared by Kpler, a global data and analytics…
After Tariff Decision, What Happens to Trump’s Deals With China, Canada and Europe?
The Supreme Court’s decision to invalidate many of President Trump’s tariffs raised questions about what would become of agreements struck with major U.S. trading partners. Source link
Received an ITR refund email or SMS alert? Income Tax Department has an important warning for taxpayers
The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are exploiting delays and heightened expectations around tax refunds through fake emails, phone calls and SMS messages.In a message posted on X, the department urged taxpayers not to share one-time passwords (OTPs), bank details or personal information in…
Tariff Whiplash Clouds Outlook for Federal Budget
The tariffs thrown out by the Supreme Court had become an important revenue source. President Trump said he could replace that money with other levies. Source link
SC verdict on Trump tariffs: Dissent highlights India in Russia oil context
India found itself directly referenced in a landmark US Supreme Court judgment limiting presidential tariff authority, after justices examined how tariffs imposed under emergency powers were used as tools of foreign policy– including pressure linked to Russian oil imports.The ruling in Learning Resources, Inc. v. Trump held that the International Emergency Economic Powers Act (IEEPA)…
A Cancer Detection Test Fails in Major Study
A closely watched clinical trial in Britain that screened blood for early detection of cancer did not show a reduction in diagnoses at later stages of the disease. Source link
‘I can do anything I want’: Trump warns of ‘even stronger methods’ after SC tariff blow
“I can do anything I want,” Donald Trump declared in his address as his first reaction to the Supreme Court’s landmark ruling on Friday, a major setback to his second stint in the presidency.“There are methods that are even stronger available to me,” he said in his White House address.Trump also said he was “absolutely…
Trump Plans to Impose Tariffs a Different Way After Supreme Court Loss
The administration has been preparing for months for the possibility that the court would rule against the president and developed contingency plans. Source link
Peak XV raises $1.3 billion for funds, first since Sequoia split
MUMBAI: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the broader APAC region. The capital will be deployed across three funds–India seed, India…