The government on Friday withdrew the Income Tax (Amendment) Bill, 2025, introduced in February to replace the 1961 IT Act.

NSA Doval meets President Putin amid Trump's tariffs, praises India-Russia ‘strategic partnership’

The Reserve Bank of India’s rate-setting committee unanimously decided to keep the key repo rate steady at 5.5%. The central bank also maintained a neutral policy stance.

Ever wondered what you're really filling up at the petrol pump? It’s not 100% petrol, it’s E20, a blend with 20% ethanol. Many vehicle owners say it's affecting mileage and engine performance.

Nidhi Gupta, Executive Director at Crossword Bookstores, shares how she’s using technology to reinvent a legacy brand, personalising book discovery, empowering teams, and building community spaces.

The sector is ready to make amends, but it needs money to remain in business. If banks don't loosen the purse strings, things will worsen

The limit of loans under the Pradhan Mantri Mudra Yojana (PMMY) was doubled to Rs 20 lakh recently, inserting a new category—Tarun Plus. Launched 10 years ago, the scheme intended to provide microfinance to small entrepreneurs. However, the number of

The new account holders, who will open accounts after August 1, will need to maintain a higher minimum account balance in the savings account. A failure to do so may attract a penalty

ICICI Bank

Maruti Suzuki's Partho Banerjee states that the lack of sufficient charging infrastructure keeps electric vehicles from becoming primary cars. He also discusses the growth of SUVs and challenges with

Ministry of Heavy Industries, EV charging stations, Electric Vehicles, EV market, automobile industry

Here are the best of Business Standard's opinion pieces for today

Trump Tariffs

President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve's board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.
Trump said he has named Stephen Miran, the chair of the White House's Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down Friday. Miran, if approved by the Senate, will serve until January 31, 2026.
The appointment is Trump's first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticised the current chair, Jerome Powell, for keping short-term interest rates unchanged.
Miran has been a major defender of Trump's income tax cuts and tariff hikes, arguing that the combination will generate enough economic growth to reduce budget deficits. He also has played down the risk of Trump's tariffs generating higher inflation, 

US Federal Reserve, Fed

Prime Minister Benjamin Netanyahu said Thursday that to destroy Hamas Israel intends to take full control of the Gaza Strip and eventually transfer its administration to friendly Arab forces, as the Security Cabinet discussed a widening of its 22-month offensive.
Asked in an interview with Fox News if Israel would take control of all of Gaza, Netanyahu replied: We intend to, in order to assure our security, remove Hamas there, enable the population to be free of Gaza. The Security Cabinet would still need to approve such a decision.
We don't want to keep it. We want to have a security perimeter, Netanyahu said in the interview. We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans a good life.
An Israeli official had earlier said the Security Cabinet would hold a lengthy debate and approve an expanded military plan to conquer all or parts of Gaza not yet under Israeli control. The official, speaking on condition of anonymity ...

Benjamin Netanyahu, Benjamin, Netanyahu, Israel PM

Asaram has been in jail since August 2013 for allegedly raping a 16 year old schoolgirl and was arrested after her parents, who were both devotees, lodged a complaint with police

Asaram

In its latest tender, IOC bought 2 million barrels of US Mars crude, 2 million barrels of Brazilian grades and another 1 million barrels of Libyan crude

oil trade, Russia, Crude Oil, Vladimir Putin, US sanctions

A ruling by the Appellate Tribunal could change how returning NRIs are classified under India's exchange control laws - impacting property purchases, gifting, and even how much money you transfer

Income Tax Department, CBDT

The noise around migrants from West Bengal swelled last month after the state's chief minister, Mamata Banerjee, led a march in Kolkata to protest against what she called the harassment of Bengalis

Every year, artisans from West Bengal travel to the rest  of the country during Durga Puja

On August 1, the DMK's K Kanimozhi asked in the Lok Sabha whether the government had taken steps to ensure humane treatment for deported Indians

Deportees

Beyond the hard and more visible dimensions of trade, investment, or defence supplies, we show that China's engagements also operate on softer dimensions that shape the governance

Jabin Jacob (left), Constantino Xavier (right)

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Between home, hostility & hard choices: Illegal immigrants fuel WB's polls

Bound for home: Trade tensions spark Parliament debate on US deportations

'With China's rise in South Asia, India's neighbours have greater demands'

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MFI industry's new challenge: Funds needed to survive, banks must act

Fail to keep ₹50k in ICICI urban account? Here's how much you may be fined

Lack of EV charging infra leading to range anxiety among customers: Maruti

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