President Donald Trump has triggered a new wave of international trade tension by announcing that the United States will impose steep import tariffs on 14 countries starting August 1. The new tariffs, set at a minimum of 25 percent, will affect both rivals and close allies, including Japan, South Korea, Malaysia, and Thailand, unless trade agreements are finalized before the deadline. This marks one of the most aggressive trade policy shifts under Trump’s renewed administration and represe

If you're a tenant paying more than ₹50,000 in monthly rent, you could be sitting on a potential tax penalty without realizing it. As per Section 194-IB of the Income Tax Act, even salaried individuals not just business entities are required to deduct 2% Tax Deducted at Source (TDS) from the rent and deposit it with the government. This provision applies to anyone paying high-value rent and is often overlooked, leading to costly mistakes.

China has issued a firm response to remarks made by United States President Donald Trump regarding the imposition of additional tariffs on countries aligning with the BRICS bloc. The Chinese government strongly opposed what it described as the coercive use of tariffs in international diplomacy, saying such tactics undermine global cooperation and stability. The statement came after President Trump warned that the United States could impose an extra 10 percent tariff on imports from countries tha

Prime Minister Narendra Modi strongly condemned the Pahalgam terror attack while addressing world leaders at the 17th BRICS Summit held in Rio de Janeiro, Brazil. Speaking during a high-level session on ‘Peace and Security and Reform of Global Governance,’ Modi referred to the recent terror incident in Jammu and Kashmir as not just an attack on India but on the whole of humanity. “Terrorism is among

World Chocolate Day, celebrated every year on July 7th, commemorates the introduction of chocolate to Europe in the 16th century. It is a global celebration of all things chocolate, including dark, milk, truffles, and hot cocoa. The day serves as a reminder of chocolate’s journey from ancient Mesoamerican cultures, where it was originally a bitter drink, to the sweet treat we know today. It offers chocolate lovers the chance to indulge in their favorite cho

Nehal Modi, the younger brother of fugitive businessman Nirav Modi, has been arrested in the United States in connection with the ₹13,000 crore Punjab National Bank (PNB) scam, one of the largest banking frauds in India’s financial history. His arrest follows an Interpol Red Corner Notice and multiple extradition requests made by Indian authorities, specifically the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI). He was taken into custody by US authorities

  As the United States celebrates its 249th Independence Day, it’s not only a time for fireworks and patriotic festivities, but also a chance to reflect on the global web of events that shaped the birth of the most powerful modern democracy. While the American Revolutionary War is often remembered as a fight led by George Washington against British colonialism, few remember how the economic and geopolitical struggles of another region—India—played an indirect

California families who rely on food assistance and other social safety nets may soon find themselves without critical support as the federal government moves forward with sweeping cuts to key programs. A Senate-backed budget reconciliation bill now under consideration in the House would slash $186 billion from the Supplemental Nutrition Assistance Program (SNAP) over the next ten years, representing the largest funding cut in the history of the program. Know

India and the United States have agreed to finalize a new 10-year defence partnership framework aimed at deepening strategic and military cooperation between the two countries. The agreement is expected to be signed later this year when India's Defence Minister Rajnath Singh meets with US Secretary of Defence Pete Hegseth, according to a Pentagon spokesperson. The decision to move forward with the long-term framework was made during a recent phone call between Singh and Heg

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

As he nears his 90th birthday on July 6, 2025, the Dalai Lama has made a significant announcement regarding the future of the Dalai Lama institution, ensuring its continuity after his death. The statement, released ahead of his milestone birthday, is poised to have a profound impact on his followers and the Tibetan community globally. The Dalai Lama, who is regarded by Tibetans as the 14th reincarnation of the Dalai

The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred

As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the

Washington: As the US Senate prepares for a crucial vote on President Donald Trump's ambitious tax and immigration legislation, billionaire entrepreneur Elon Musk has launched a scathing attack on the proposal. Nicknamed the "One Big Beautiful Bill" by Trump, the legislation seeks to extend expiring tax cuts, expand military spending, and fund mass deportation efforts. However, it has sparked fierce criticism for threatening to slash social welfare programs while ballooning the

External Affairs Minister S Jaishankar has signaled that the long-awaited trade agreement between India and the United States may soon be finalized, as both nations appear to be in the advanced stages of negotiations. Speaking at an event in New York, Jaishankar highlighted the complexity of the talks, acknowledging that reaching a deal requires flexibility and compromise on both sides. While noting the progress made, he emphasized the importance of patience in what he described as a very det

Starting July 1, 2025, several important changes in the financial sector will come into effect, impacting individual taxpayers, bank customers, and railway travelers. These changes include new regulations for Aadhaar-PAN linking, increased banking fees, and adjustments in railway ticket prices. Below are some of the key updates that individuals should be aware of: Aadhaar-PAN Linking

China has acknowledged that the longstanding border dispute with India remains "complicated" and will require time to resolve. However, the Chinese Foreign Ministry expressed readiness to engage in discussions on delimiting the border and maintaining peace in the border areas. This statement came in response to remarks made by Indian Defence Minister Rajnath Singh during his meeting with Chinese Defence Minister Dong Jun in Qingdao on June 26, 2025,

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

Grand Ayatollah Naser Makarem Shirazi, one of Iran's most senior religious authorities, has issued a powerful fatwa condemning any threats against the nation's Supreme Leader Ayatollah Ali Khamenei and other top Shia clerics. The religious ruling, delivered in Arabic and widely circulated in Iran’s clerical and political circles, firmly states that such threats are not only unlawful but are considered a serious religious offense. The fatwa emphasizes that protecting the leadersh

US President Donald Trump issued a sharp warning to Iran on Friday, asserting on his Truth Social platform that he had personally intervened to prevent the assassination of Iran’s Supreme Leader Ayatollah Ali Khamenei. In the same message, Trump accused the Iranian leader of ingratitude and threatened renewed airstrikes if Iran made progress in developing military-grade nuclear capabilities. The remarks followed an already tense geopolitical atmosphere, as Iran prepared to hold a state