Latest News

Govt cuts windfall tax on petrol, diesel, ATF exports

New Delhi, Sep 17 (PTI) The government has cut windfall gains tax on export of petrol, diesel and ATF for the fortnight beginning September 16. The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel is now Rs 20 per litre, down from Rs 25 a litre. SAED on export of ATF is set at Rs 15/litre, as against 19/litre earlier. Duty on petrol exports has been slashed to Rs 0.5 per litre effective September 16, from Rs 1.5 per litre in the previous fortnight. The Finance ministry in a notification said

US House approves sweeping Russia sanctions bill, sending it to Trump

WASHINGTON, September 17, 2026 (AP) — The U.S. House on Wednesday passed a broad package of sanctions targeting Russian officials and key pillars of its economy as lawmakers look to deprive President Vladimir Putin of the financial resources needed to wage the war against Ukraine. The bill is named after the late Sen. Lindsey Graham of South Carolina, who spent more than a year negotiating it. The measure was approved in a 262-159 vote and now heads to President Donald Trump to be signed into law. The legislation represents the most ambitious effort to support Ukraine since Trump’s return to

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

WASHINGTON. September 17, 2026 (AP) — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans and credit cards. In a set of quarterly projections, the Fed also signaled its rate-setting committee could raise it a second time to 4.1%. The move comes as Americans are already struggling with high

Gold rebounds Rs 1,200 as bargain buying, easing crude oil prices lift sentiment

Gold rebounds Rs 1,200 as bargain buying, easing crude oil prices lift sentiment

New Delhi, Sep 16 (PTI) Gold prices snapped a three-session losing streak on Wednesday, rising Rs 1,200 to Rs 1.55 lakh per 10 grams in the national capital as bargain buying by traders and easing crude oil prices boosted sentiment towards bullion. The yellow metal of 99.9 per cent purity appreciated by Rs 1,200 to Rs 1,55,600 per 10 grams (inclusive of all taxes) from Tuesday’s closing level of Rs 1,54,400 per 10 grams, according to local traders. Silver also bounced back after holding steady for two straight sessions, surging Rs 7,400 to Rs 2.42 lakh per kilogram (inclusive of

1 … 57 58 59 60 61 … 1,782