NEPAL TAXATION POLICY IMPACT
Gas prices today April 20: Check latest weekly average rates in California, Texas, Florida, New York, Washington and more
Gasoline prices in the United States are seeing a slight dip nationally. However, drivers in states like California and Hawaii still face significantly higher costs. Conversely, Texas and Oklahoma offer the most affordable fuel. Regional factors such as taxes and environmental regulations continue to drive these price differences across the country.
Why enterprises should step forward at the ET Most Innovative AI Product Awards 2026
Enterprises leveraging AI can benchmark innovation, gain credibility, and unlock strategic partnerships at ET Most Innovative AI Product 2026, positioning themselves at the forefront of growth, leadership, and India’s evolving AI-driven business ecosystem.
How a kid's accidental call with her father's boss led the company to introduce WFH option for all employees: 'I have not gone to school since my mom has been sick'
Work-from-home policies remain a divisive issue as some companies embrace flexibility while others enforce rigid office rules, even during emergencies. A viral story shared by Simon Ingari highlights how a child’s heartfelt request led a company to rethink its stance, underlining the importance of empathy, adaptability, and employee-centric workplace practices.
Global Markets: Uncertain global outlook keeps investors balancing risk and opportunity
Markets start the week on a positive note as Donald Trump signals possible easing of the Iran conflict, supporting global equities. However, optimism is tempered by concerns over sticky inflation, mixed economic data, and policy uncertainty. Investors are closely watching the April 21 hearing of Kevin Warsh, with shifting expectations now pointing to fewer or no rate cuts this year.
When AI runs the firm, who pays tax?
The rise of artificial intelligence is reshaping our governance and taxation landscape. With AI systems becoming increasingly self-sufficient, there's a pressing need to reevaluate existing legal frameworks. While the current productivity spike from AI is advantageous for many workers, the next generation of intelligent AI might necessitate a complete overhaul of our tax policies.
Protest erupts in Nepal against taxation on imports above 100 rupees from India
Protests have erupted in Birgunj, Nepal, against a new government directive taxing all imports from India exceeding NRS 100. This strict enforcement, aimed at curbing revenue leakage and supporting local markets, has led to widespread crackdowns at border points and significant dissatisfaction among residents who rely on cross-border purchases for daily essentials.
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Karnataka: State policy & planning panel member moots performance driven governance policy
Karnataka is set to embrace a new era of governance. The State Policy and Planning Commission has presented a draft bill for performance-driven governance to Chief Minister Siddaramaiah. This initiative aims to boost service delivery and accountability. Key reforms include performance contracts, an independent authority, and citizen feedback integration.
UP Police bust inter-state cyber gang in Bareilly with links to Nepal, China; arrests 5
Uttar Pradesh Police have uncovered a major inter-state cyber fraud network. Five individuals were apprehended in Bareilly for their alleged involvement in duping people across multiple states. The syndicate is suspected to have connections with operators in Nepal and handlers in China. Investigations revealed the use of fake accounts and digital tools for fraudulent transactions.
What Did Scientists Find Beneath the Atlantic Seafloor? It Was Invisible Until Technology Revealed It
A massive, ancient circular structure, the Nadir Crater, has been discovered deep in the Atlantic Ocean using advanced seismic techniques. This 66-million-year-old crater, several kilometers in diameter, indicates a significant asteroid impact event. Scientists are investigating its potential link to a period of increased asteroid activity and its global environmental consequences.
Gold funds vs ETFs: Where should mutual fund investors place their bets this Akshaya Tritiya?
Gold ETFs and Gold Funds offer different advantages for investors. Gold ETFs are more cost-effective and tax-efficient. Gold Funds provide easier access for those without a demat account. Experts suggest Gold ETFs for first-time investors seeking direct exposure. Gold's outlook remains constructive, though near-term volatility is expected. Investors should view gold as a hedge, not a core portfolio allocation.
Prolonged West Asia conflict to impact India's automobile sector, says FADA President
The Federation of Automobile Dealers Associations warns of potential challenges for India's auto sector. A prolonged conflict in West Asia could impact vehicle exports and the supply of crucial commodities like oil and aluminium. While the domestic market shows resilience, industry leaders are closely monitoring global developments.
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concerns
Indian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG and OTC pharmaceutical companies, and the phase-out of the GST compensation cess has resulted in a backlog of unusable credits. Additionally, the regulations surrounding free trade agreements are creating barriers.
Lagarde: Iran war to have mid-term effect on inflation
The Iran war poses risks to Europe's economy. Growth may slow, and inflation could rise beyond forecasts. The European Central Bank is watching closely. Policymakers are considering interest rate hikes to manage energy-driven price shocks. Decisions will depend on incoming data. The situation remains uncertain as the bank monitors developments.
Nepal stops unauthorised IVF camp by Indian doctors in Kathmandu
A planned IVF consultation camp in Nepal faced cancellation when the medical regulatory board intervened, stopping two Indian doctors from proceeding. The Nepal Medical Council clarified that the practitioners lacked the necessary credentials and approvals to operate within its borders. Foreign medical professionals must navigate a registration process before engaging in any healthcare activities in Nepal.
West Bengal assembly elections 2026: BJP stresses security, TMC eyes revival in Siliguri corridor
The BJP and Trinamool Congress are in a direct electoral battle for four assembly seats in Siliguri. This region, known as the Siliguri corridor, is strategically important. The BJP aims to retain its hold after winning all four seats in 2021. The Trinamool Congress seeks to regain influence. Voters are concerned about border security and local economic issues.
Centre forms nodal body to coordinate, develop AI governance norms
The Centre on Thursday announced the formation of the AI Governance and Economic Group (AIGEG) to lead the country's national AI governance strategy. Set to serve as a high-level inter-ministerial body, it will coordinate the development of AI policy across central ministries and institutions.
US Fed's John Williams says Iran war is already driving up inflation pressures
Federal Reserve Bank of New York President John Williams said Thursday that the Middle East war is already driving up inflationary pressures, and uncertainty over the outlook is limiting how much the central bank can say about what's next for interest rate policy.
West Asia conflict disrupts aviation, leads to 15–20% dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report
India's vibrant tourism and hospitality sector is currently reeling from the impact of conflicts in West Asia. With inbound tourist arrivals plummeting and flight paths being heavily affected, the industry is facing unprecedented financial strain. In response, there is a call for innovative policy changes to enhance stability and broaden the range of tourism experiences.
Are tips tax-free now in the US? IRS announces deduction for tip workers - but there’s a catch; Eligibility rules and deduction limits explained
The 'no tax on tips' rule made headlines across the US, raising hopes among service workers of major tax relief. But the policy is not as simple as it sounds. While it offers some benefits, strict conditions, limits, and eligibility rules mean many workers may see little real impact from the much-publicized change.
Could you be affected? Millions could lose bank access — here’s what you need to know
Over 5% of U.S. households already lack full banking access, and the Trump executive order debanking millions Americans impact could sharply increase that number. The proposal pushes banks to verify citizenship for every account holder. This move directly affects millions with missing or outdated documents. Experts warn sudden account checks may trigger closures. The policy ties to stricter immigration enforcement in 2025. However, critics say it may disrupt legal citizens more than illegal activity. This developing rule is now a major financial risk story.
US Fed's Beth Hammack says rates likely on hold 'for a good while', CNBC reports
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that while she sees no imminent need for the central bank to change its interest rate target setting, it's possible cuts or even hikes could lie ahead.
No Naxal violence-hit districts in India anymore: Home ministry to state govts
India has achieved a historic milestone. The Centre has officially declared that no districts in the country are affected by Naxal violence. This declaration follows extensive operations and a high-level security review. The government's National Policy and Action Plan has led to this significant achievement after more than five decades of Left Wing Extremism.
Income Tax Dept tightens disclosure norms under presumptive taxation scheme
Starting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their bank balances and investments. This initiative by the Income-Tax Department aims to curtail potential abuses of the scheme by allowing authorities to verify reported income against financial assets.
It’s not just war and inflation dragging Trump and Republicans down
As Donald Trump’s current administration unfolds, he is aggressively advocating for a series of contentious policies that appear to be at odds with public sentiment. This stark contrast to the more favorable reception of his earlier economic strategies raises alarm bells for Republican supporters, presenting formidable challenges as they brace for the election season ahead.
Workforce living under immense pressure due to govt's failed policies: Congress on Noida protest
Congress leader Rahul Gandhi said what unfolded on the streets was the "final cry" of this nation's workers and said the burden of US tariff wars, global inflation and fractured supply chains has not fallen upon Prime Minister Narendra Modi's "industrialist friends" but squarely upon the daily-wage labourer.
Food, fuel prices push up March retail inflation to 3.4%
India's retail inflation climbed to 3.4 percent in March. Higher food and fuel costs are driving this increase. Experts predict inflation could reach 4 percent in April. This is due to ongoing global conflicts impacting energy prices. The Reserve Bank of India is closely watching these trends. Policymakers anticipate a pause in interest rate cuts.
India received highest number of regressive tax recommendations from IMF: Oxfam
An Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2022 and 2024. Wealthier nations got progressive advice, while poorer countries faced measures likely to increase inequality.
Molehill of greed out of a mountain
Conquering Mount Everest is not just a test of endurance but an expedition of the spirit. Once a beacon for colonial aspirations, it now symbolizes economic opportunity for Nepal's communities. Yet, with the rise of dubious practices, like orchestrated rescues, the call for stringent regulations has never been more urgent.
26-year-old Rubi Kumari Thakur elected Nepal deputy speaker
Nepal has elected 26-year-old Rubi Kumari Thakur as the Deputy Speaker of its House of Representatives. Thakur, a Member of Parliament from the Shram Sanskriti Party, secured a significant majority of votes. Her election marks a historic moment for youth and Madhesi inclusion in Nepal's federal parliament. She pledged to champion social justice and women's empowerment.
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