TazaPulse

He gave up his land for road widening and got TDRs which he sold for Rs 6.02 crore to a builder; landowner gets tax notice, ITAT rules proceeds taxable as capital gains but allows land cost deduction

TazaPulseOctober 12, 2026

The tribunal delivered its ruling on August 14, 2026. (Image for representative purpose only) You get Transferable Development Rights from the government by giving up a part of your land and sell them to a builder. Are you liable to pay capital gains tax?In one such case a landowner received Transferable Development Rights (TDRs) but...

40 spicejet pilots refused to fly q400 aircraft till salary dues cleared sources

Around 40 SpiceJet Q400 pilots refuse to fly until salary dues are cleared: Report | India News

TazaPulseOctober 12, 2026

SpiceJet faces a new turbulence as 40 Q400 aircraft pilots refuse to fly due to pending salary Around 40 pilots operating SpiceJet’s Q400 aircraft have reportedly refused to fly until the airline clears their pending salary dues, sources said on Monday. The move has received support from the Airline Pilots’ Association of India (ALPA India),...

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Beth Hammack on Fed policy and inflation risks

TazaPulseOctober 12, 2026

Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments. “When feasible, I generally think it’s preferable to make smaller adjustments, and to do so relatively quickly, rather than to wait and risk needing a larger course...

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Meta debuts Muse Wonder AI model in test of users’ willingness to pay

TazaPulseOctober 12, 2026

Meta debuted its latest artificial intelligence model, Muse Wonder, and says it’s the most advanced option for powering digital assistants. But it doesn’t come for free. To access the model, users of the Muse personal agent app will need to sign up for a monthly subscription of $20 or $100. The release underscores Meta’s efforts...

Abolish long-term capital gains tax for equity: SBI Research recommends, says ‘government must anchor hot money flows’

TazaPulseOctober 12, 2026

Foreign investors have sold Indian equities worth Rs 44,166 crore so far in October. With foreign investors pulling money out of Indian equities, economists at the country’s largest lender, State Bank of India (SBI), have proposed scrapping the long-term capital gains (LTCG) tax on equity investments to encourage investors to remain invested for longer periods.“The...

Delhi’s new protest venue Ramlila Maidan has just 3 dates available this year – check details | India News

TazaPulseOctober 12, 2026

A view of Ramlila Maidan, designated as a protest site along with two new venues,. (PTI photo) NEW DELHI: Ramlila Maidan, newly designated as one of the capital’s three protest sites, is already booked for most of the next two-and-a-half months, leaving just three days available for reservations this year.Additionally, while a small section of...

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Inflation will remain sticky in 2026, according to prediction markets

TazaPulseOctober 12, 2026

Customers shop at a grocery store on Sept. 10, 2026 in Chicago, Illinois. Scott Olson | Getty Images Traders on prediction market platform Kalshi think inflation likely reached a peak for the year, though they don’t see a sharp move lower anytime soon. Traders think the September consumer price index, due Wednesday at 8:30 a.m....

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‘I made the right choice’

TazaPulseOctober 12, 2026

U.S. President Donald Trump speaks to members of the media as he departs the White House on the South Lawn on October 10, 2026 in Washington, DC. Aaron Schwartz | Getty Images President Donald Trump on Monday defended last week’s decision to temporarily ease restrictions on Russian diesel fuel exports after the announcement drew bipartisan...

Rs 5.89 crore FD interest slashed from 7.75% to 3.5% without notice; Delhi High Court rejects bank’s non-renewal argument and orders interest at an average of earlier rates

TazaPulseOctober 12, 2026

The Delhi High Court observed that Clause 3.3 of the RBI circular gives banks the freedom to set interest rates. (Image for representative purpose only) Can banks change the rate of returns for fixed deposits on non-renewal? The Delhi High Court has ruled in favour of a fixed deposit holder after a bank cut the...

keralas health minister has initiated an investigation into the discrepancies surrounding the construction of isolation wards

Kerala govt to investigate alleged lapses in Rs 1.8 crore isolation ward project | India News

TazaPulseOctober 12, 2026

Kerala’s health minister has initiated an investigation into the discrepancies surrounding the construction of isolation wards. Kerala health minister K Muraleedharan on Monday announced that an expert panel from the health department would investigate alleged irregularities in the construction of isolation wards across 88 constituencies following the Covid-19 pandemic.The minister said the facilities, built at...