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Lower TCS on overseas tour package, education and medical purposes

Economictimes.indiatimes.com 

Significant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate on tour packages to a flat 2%, removing existing thresholds. Furthermore, remittances for education and medical needs under the Liberalised Remittance Scheme will also see a reduction to 2%.

Italy ski resorts grapple with crowds, climate pressure

France24.com (en) 

Every weekend during winter, Roccaraso's streets are filled with day-trippers, its small slopes packed with Neapolitans seeking some snow fun and a little fresh air. "We don't ski, but we have fun with sleds. Sometimes I even try with a plastic bag under my bottom!" laughed Anna Lippolis, a 58-year-old hairdresser in a retro pink ski jacket and silver earrings. She took the 30-euro ($36) return bus from Naples on a recent Sunday to "get out of the house, to unwind a bit" after a long week. Far... Читать дальше...

Budget 2026: FM Sitharaman lists 3 ‘Kartavyas’ to accelerate economy, empower poor

Zee News (zeenews.india.com) 

The Finance Minister proposed interventions in six areas -- scaling up manufacturing in several strategic and frontier sectors; rejuvenating legacy industrial sectors; creating champion MSMEs; delivering a powerful push for infrastructure; ensuring long-term security and stability; and developing city economic regions.

Union Budget 2026: Govt to overhaul drug regulator CDSCO, announces Rs 10,000 crore ‘Biopharma Shakti’ push

Economictimes.indiatimes.com 

India Budget 2026: India's drug regulatory authority, CDSCO, will be strengthened to meet global standards and speed up approvals. A new initiative, Biopharma Shakti, with a Rs 10,000 crore outlay over five years, will boost domestic production of biologics and biosimilars. This strategy includes establishing 1,000 accredited clinical trial sites and upgrading NIPERs.

Union Budget 2026: Sitharaman proposes one girls’ hostel per district

Economictimes.indiatimes.com 

Union Budget 2026: Finance Minister Nirmala Sitharaman announced a significant initiative in the Union Budget 2026-27. The government will build one girls' hostel in every district across India. This move aims to enhance educational opportunities and provide secure living spaces for students. It will particularly benefit girls from rural and semi-urban areas.

Chaka Khan, Cher, Whitney Houston, Fela Kuti get Grammys Life Achievement Awards

«SFGate» (sfgate.com) 

Chaka Khan, Cher, Carlos Santana, Paul Simon, Fela Kuti, and Whitney Houston have received the Lifetime Achievement Award from the Recording Academy at the Grammys Special Merit Awards. Chaka Khan was the only recipient present at the ceremony Saturday in Los Angeles. She reflected on her career and thanked her collaborators. Family members accepted awards for Kuti and Houston. Cher and Santana spoke via video. Bernie Taupin, Elton John's lyricist, praised Simon and received the Trustees Award. Eddie Palmieri... Читать дальше...

Budget 2026: Rs 40,000 crore electronics component outlay lifts Dixon Tech, Kaynes, PG Electroplast, and other EMS stocks up to 7%

Economictimes.indiatimes.com 

Semiconductor Stocks: Electronics manufacturing services stocks rallied after the government raised the Electronics Component Manufacturing Scheme outlay to Rs 40,000 crore in Budget 2026. Dixon Technologies, Kaynes Technology, PG Electroplast and peers gained as investors priced in higher domestic demand, stronger incentives and long term semiconductor manufacturing growth.

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Iran says it now considers EU militaries to be terrorist groups

«SFGate» (sfgate.com) 

The speaker of Iran's parliament says that the Islamic Republic now considers all European Union militaries to be terrorist groups. The comment by Mohammad Bagher Qalibaf on Sunday follows an EU agreement last week to list Iran’s paramilitary Revolutionary Guard as a terrorist group over its part in the bloody crackdown on nationwide protests in the country. Qalibaf cited a 2019 law as authorization for the announcement. That law was passed after the U.S. listed the Guard as a terrorist group and... Читать дальше...