Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday. The United States set off global economic turmoil in April when it unveiled a raft of tariffs … Read more
Declaration of foreign assets: If foreign assets were not declared in the original Income Tax Return (ITR) filed for AY 2024-25, a revised return must be filed by December 31, 2024. Failure to do so could result in a penalty of up to Rs 10 lakh, according to a recent advisory from the Income-Tax Department. … Read more
Prime Minister Narendra Modi in a meeting with President of Maldives Mohamed Muizzu during the COP28, in UAE, December 1, 2023. | Photo Credit: PTI Maldives has said that it will not renew the hydrographic survey agreement made with India. Maldives’ Under Secretary for Public Policy Mohamed Firuzul said that part of the ‘Hafthaa-14’ roadmap … Read more