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

The Reserve Bank of India (RBI) has introduced a new initiative to connect more directly with the public by launching an official WhatsApp channel. This development is part of the central bank’s broader commitment to enhancing public awareness and making important financial and banking information accessible to every citizen, particularly those in rural and semi-urban areas who might not have regular access to official websites or traditional media. The initiative falls under the RBI&rs

 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,

  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

A tragic helicopter crash in New York City claimed the lives of all six individuals onboard on Thursday when a sightseeing helicopter broke apart midair and plunged into the Hudson River. The incident occurred near Pier 40, off the coast of Lower Manhattan, and sparked a massive emergency response from both New York and New Jersey officials. Among those killed in the crash was Agustin Escobar, the president and CEO of the Spanish division of Siemens, a global technology giant. He was accompan

In a high-stakes logistics maneuver that has grabbed the attention of global tech and trade watchers, Apple has reportedly shipped a significant consignment of iPhones from India to the United States in a matter of days, ahead of a new import tariff deadline imposed under President Donald Trump’s trade policy. According to multiple sources close to the operation, the tech giant arranged for as many as five aircraft to carry the devices across continents, with the aim of bypassing a

Traveling internationally can be a dream come true, but for many people, the high cost of airfare often becomes a major hurdle—especially for trips between the USA and India. With prices fluctuating and flight booking platforms offering inconsistent deals, planning a trip to India can feel overwhelming. This is where MyTicketsToIndia steps in, providing an affordable and seamless travel solution that bridges the distance between the United States and India with ease and efficiency.

Asthma is a chronic respiratory condition that affects millions across India. With rising global temperatures and increasingly severe summer heatwaves caused by climate change, managing asthma has become more challenging than ever. Extreme heat, low humidity, and deteriorating air quality can all trigger asthma symptoms and lead to serious health complications, especially in children, the elderly, and those with preexisting respiratory conditions. According to the World Health Organisation (W

Indian Defence Minister Rajnath Singh is likely to travel to Moscow next month to represent India at Russia's grand Victory Day celebrations, according to reports by Russian state media. The event, scheduled for May 9, will commemorate the 80th anniversary of Russia’s victory in the Great Patriotic War and is set to take place on the historic Red Square. The report, released by Russia’s state-run news agency Tass, cited Indian government sources confirming that Singh’s p

 As the Pradhan Mantri MUDRA Yojana (PMMY) completes a decade since its launch on April 8, 2015, Prime Minister Narendra Modi marked the occasion by highlighting the scheme’s transformative impact on financial inclusion and grassroots entrepreneurship in India. According to the Prime Minister, over 52 crore loans worth ₹33 lakh crore have been disbursed under the scheme, making it a major success story in India’s developmental narrative. PM Modi described the scheme as an outc

  India's Minister of Commerce and Industry, Piyush Goyal, has expressed confidence that the recent tariff hikes announced by U.S. President Donald Trump could present an opportunity for India to strengthen its position in global trade. In response to the sudden shift in the U.S. trade stance, Goyal stated that India is well-positioned to benefit economically from the new environment created by America's protectionist approach. Trump recently declared a s

  A 24-year-old American man from Scottsdale, Arizona, was arrested in India after attempting to make contact with one of the world's most isolated and protected indigenous communities. Mykhailo Viktorovych Polyakov, a self-described YouTuber, was detained on March 31 after illegally setting foot on North Sentinel Island, a remote territory in the Indian Ocean known for its hostility to outsiders and strict governmental protection policies. According to Indian aut

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

As global markets reeled under the pressure of a sudden trade war triggered by sweeping new tariffs from U.S. President Donald Trump, investor Warren Buffett not only emerged unscathed—but significantly richer. According to the Bloomberg Billionaires Index, Buffett was the only one among the world’s 10 richest individuals to post gains as others saw billions wiped from their fortunes. The tariff announcement, targeting 184 countries, sent global stocks plummeting, resulting in a $

Sheikh Hamdan Bin Mohammed Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the United Arab Emirates, will begin a two-day official visit to India on Tuesday, at the invitation of Prime Minister Narendra Modi, the Ministry of External Affairs (MEA) announced Monday. This marks the first official visit to India by Sheikh Hamdan in his capacity as Crown Prince and will include meetings with top Indian leadership as well as engagements aimed at strengthening b

As the Hajj 2025 pilgrimage nears, Saudi Arabia has temporarily halted the issuance of certain categories of visas for citizens from 14 countries, including India, Pakistan, and Bangladesh. The suspension affects Umrah, business, and family visit visas and will remain in place until mid-June, aligning with the end of the annual Hajj pilgrimage. The decision reportedly aims to address logistical challenges and prevent unauthorized participation in the Hajj. The countries impacted by this move inc

For ambitious students who aspire to work at the world’s top companies, the University of Bath School of Management offers an ideal launchpad. Known for its rigorous academics, global outlook, and real-world learning experience, this prestigious UK business school is helping students transition from the classroom to boardrooms across the globe. Graduates from the School of Management are now working with globally admired companies such as Apple, Deloitte, PwC, Samsung, Amazon, and Goldman

In a surprising move that has stunned Indian domestic cricket circles, India opener Yashasvi Jaiswal has decided to part ways with Mumbai and join Goa for the upcoming 2025-26 season. The Mumbai Cricket Association (MCA) confirmed on Wednesday that they had accepted Jaiswal’s request to transfer, marking the end of a significant chapter in the 23-year-old's career. Jaiswal, who has risen through the ranks of Mumbai cricket to become a national team regular, revealed in an interview

Union Minister Piyush Goyal’s recent remarks questioning the direction of India’s startup ecosystem have sparked a wave of reactions from prominent startup leaders and tech entrepreneurs. While addressing an audience, Goyal questioned whether Indian startups are merely focused on "dukaandari"—running shops—by prioritizing delivery services, fantasy sports, and betting platforms, as opposed to Chinese startups that are innovating in areas like electric vehicle

For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive