In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance

 China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

A federal judge has declined a request to block immigration enforcement operations at religious institutions, marking a significant development in the ongoing legal battle over the balance between national immigration policy and religious freedom. The ruling was delivered by U.S. District Judge Dabney Friedrich in Washington, D.C., who determined that the plaintiffs—over two dozen religious organizations representing Christian and Jewish communities—did not demonstrate sufficient gro

  In a major escalation of the ongoing trade conflict between the United States and China, Beijing has announced a significant hike in tariffs on American goods, raising import duties from 84% to 125%. The move, confirmed by the Chinese finance ministry on Friday, is a direct response to recent tariff increases imposed by the U.S. administration. It marks one of the most severe retaliatory actions taken by China in the prolonged dispute that has gripped global markets and resha

As the holiday season approaches, the traditional hustle and bustle inside China’s Christmas product factories is strikingly absent this year. Long the workshop of the world when it comes to festive goods—from plastic pine trees to twinkling LED lights—these factories now face grim prospects due to the United States’ sudden and steep import tariffs. President Donald Trump’s recent escalation of trade tensions, with a 104% tariff slapped on Chinese imports, has effec

In a dramatic reversal that sent shockwaves through global financial markets, U.S. President Donald Trump announced a pause on newly implemented tariffs targeting dozens of countries. The unexpected move came less than a day after his sweeping tariff measures went into effect, causing major disruption across world markets and triggering one of the most volatile trading periods since the height of the COVID-19 pandemic. The tariff freeze, which offered some temporary relief to ratt

In a significant judgment, the Telangana High Court on Tuesday upheld the death penalty awarded to five top operatives of the banned terror outfit Indian Mujahideen, who were convicted in connection with the 2013 twin bomb blasts in Hyderabad’s Dilsukhnagar that left 18 people dead and 131 injured. The blasts were among the deadliest terror attacks in the city’s recent history. A division bench of the High Court dismissed the appeals filed by the convicts, thereby affirming the ve

China has issued a stern warning in response to former President Donald Trump’s latest tariff threat, pledging to fight back with equal force if the United States raises duties on Chinese goods to a staggering 104%. The Chinese Commerce Ministry declared it would “resolutely” take all necessary countermeasures to defend the country’s economic interests, reinforcing its position that any trade war escalation would be met with firm resistance. Trump announced o

In a major legal development in the 26/11 Mumbai terror attacks case, the United States Supreme Court has rejected the final plea of Tahawwur Rana, bringing him one step closer to being extradited to India. Rana, a Canadian citizen of Pakistani origin, was convicted in the U.S. in 2011 and sentenced to 13 years in prison. He is currently being held at the Metropolitan Detention Center in Los Angeles. Rana had filed an "Emergency Application For Stay Pending Litigation of Petition For Wri

Amid growing unrest over the Supreme Court’s decision to cancel the appointments of over 25,000 teachers and non-teaching staff recruited through the West Bengal School Service Commission (WBSSC) in 2016, Chief Minister Mamata Banerjee has publicly pledged her support for the affected individuals. Speaking at Netaji Indoor Stadium to a large gathering of dismissed teachers, Banerjee criticized the judgment, questioned the rationale behind the blanket dismissal, and drew comparisons with

South Korea’s Constitutional Court has officially removed President Yoon Suk Yeol from office after unanimously upholding his impeachment. The historic decision, which comes months after the National Assembly voted to impeach him, has sent shockwaves through the country’s political landscape. This ruling marks only the second time a South Korean president has been ousted in modern history, following the impeachment of former leader Park Geun-hye in 2017. The court'

West Bengal Chief Minister Mamata Banerjee strongly criticized the Supreme Court’s decision to uphold a Calcutta High Court verdict that invalidated the appointment of over 25,000 teaching and non-teaching staff recruited by the West Bengal School Service Commission (WBSSC) in 2016. Speaking at a press conference on Thursday, Banerjee expressed her disagreement with the apex court's judgement, stating she cannot support a blanket cancellation of all appointments and voiced her deep

Susan Crawford has emerged victorious in the Wisconsin Supreme Court election, securing a seat that ensures liberals maintain their narrow 4-3 majority on the state’s highest court. The race, marked by unprecedented campaign spending, drew national attention due to its potential influence on crucial issues like abortion rights, labor laws, and redistricting in a key battleground state. Crawford, a Dane County circuit judge with strong Democratic

The Bombay High Court has directed the Bandra Magistrate Court to decide the divorce case of Indian cricketer Yuzvendra Chahal and his estranged wife, Dhanashree Verma, by March 20. The decision comes as Chahal’s Indian Premier League (IPL) 2025 commitments draw closer, with the Punjab Kings set to play their opening match on March 25 against the Gujarat Titans in Hyderabad. Justice Madhav Jamdar presided over the case and emphasized the urgency of resolving the matter promptly. The cou

China has welcomed Prime Minister Narendra Modi’s recent remarks advocating dialogue over discord in India-China relations, calling them "positive" and a step toward strengthening diplomatic ties. Beijing emphasized that cooperation between the two Asian giants — likened to the 'Dragon-Elephant Dance' — is the most effective path to shared success. In a statement on Monday, Chinese Foreign Ministry spokesperson Mao Ning highlighted that both sides have acti

The tragic Pranay murder case, which shocked the Telugu states in 2018, has finally reached its legal conclusion. The sensational case, involving the brutal daylight murder of a young man named Pranay, has remained a focal point in Telangana's criminal history due to its deeply rooted social and emotional undertones. The Special SC ST Court has now pronounced its final verdict, delivering justice after years of investigation and courtroom proceedings.   

The fate of TikTok in the United States has taken a new turn as US President Donald Trump confirmed that his administration is actively engaged in talks with four potential buyers over the sale of the popular video-sharing platform. The news follows heightened concerns over TikTok’s data security risks and its ties to its Chinese parent company, ByteDance. Speaking to reporters, Donald Trump stated, "We're dealing with four different groups, and a lot of people want it ... all

China has announced a 7.2% increase in its defence budget for 2024, raising military spending to $249 billion as the country continues its aggressive modernization efforts amid escalating regional tensions. The budget, which was revealed in a draft report submitted to the National People's Congress (NPC) by Premier Li Qiang, underscores China’s strategic focus on military expansion in the Taiwan Strait, South China Sea, and its border with India. This increase follows China’s

The latest round of tariff hikes by US President Donald Trump has triggered immediate countermeasures from Canada, China, and Mexico, escalating tensions in global trade. Beginning Tuesday, the US is imposing a 25% tariff on imports from Mexico and Canada while also raising tariffs on all Chinese imports from 10% to 20%. In response, these nations have announced their own economic retaliations, signaling a sharp rise in trade disputes.Canadian Prime Minister Justin Trudeau and Chinese officia

A federal judge in Maryland has issued an injunction against immigration enforcement in houses of worship, marking a significant legal victory for religious groups challenging the Trump administration’s revised deportation policy.The ruling, issued by U.S. District Judge Theodore Chang, temporarily halts immigration operations targeting Quaker congregations, Baptist churches, and a Sikh temple, following a lawsuit that argues the policy change violates religious freedom.