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ITR-7 tax liability nearly triples to Rs.1,043 crore in AY26 from Rs.356 crore in five years, govt data shows

New Delhi, Aug. 12 -- The total income tax liability of entities filing income tax return (ITR) Form 7 rose nearly threefold to Rs.1,043 crore in Assessment Year (AY) 2025-26, from Rs.356 crore in AY ... Read More


Widow and orphan cess on petrol, diesel takes effect in Himachal: What it means

India, Aug. 12 -- The Himachal Pradesh government has imposed a Widow and Orphan Cess of 60 paise per litre on petrol and high-speed diesel, which came into effect from midnight of August 11. The reve... Read More


No more shelving of study commission reports

Nepal, Aug. 12 -- Over a dozen commissions and committees have been formed in Nepal in the span of three decades, and largely none of their recommendations has been implemented. This tells the story o... Read More


Trump Administration Bars Federal Medicaid Funding for Transgender Youth Care

New Delhi, Aug. 12 -- WASHINGTON - For thousands of transgender children enrolled in Medicaid and the Children's Health Insurance Program, a deadline is approaching. The Trump administration finalized... Read More


Power of attorney covers property sale agreements, rules SCPublished on: August 12, 2026 7:01 AM

Pakistan, Aug. 12 -- The Supreme Court has held that a power of attorney authorizing a person to sell immovable property also includes, unless expressly restricted, the authority to enter into an agre... Read More


From Gift Nifty to US-Iran war, crude oil prices: 7 key things that changed for Indian stock market overnight

New Delhi, Aug. 12 -- The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat on Wednesday, 12 August. Asian markets opened mixed on Wednesday, meanwhile, US stock f... Read More


Nepal Police seeks call interception powers, reviving privacy and civil liberties concerns

Kathmandu, Aug. 12 -- Nepal Police has asked the government to give it legal authority to intercept telephone calls and digital communications in real time during criminal investigations, reopening a ... Read More


FDA Proposes Mandatory GRAS Disclosure, Closing Decades-Old Food Chemical Loophole

WASHINGTON, Aug. 12 -- Every year, food manufacturers in the United States make hundreds of quiet decisions that determine what chemicals Americans consume. Under a regulatory framework unchanged in i... Read More


The debt danger world leaders are ignoring

New Delhi, Aug. 12 -- From Washington to Tokyo and from Paris to London, warning signs are flashing in the world's biggest government debt markets. Anyone doubting this hasn't been paying enough atten... Read More


Wooing foreign investments

New Delhi, Aug. 12 -- In India, the words tax laws and amendments cannot be separated from each other. When Parliament was not in session this year, the Government promulgated the Income-tax (Amendmen... Read More