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The Economic Times

Company / The Economic Times

3 tax myths that may cost you money, and reduce your refund this year

Many people follow common tax myths during tax season without checking the facts. Some believe they should not file taxes if they owe nothing, while others think a big refund means they did everything right. Experts warn these beliefs can reduce refunds or increase taxes. Knowing the real tax rules can help taxpayers avoid mistakes and keep more money.

10 Mar 2026 7:01 pm
India's wheat output pegged at record 120.21 million tonnes in 2025-26, up 2%: Ministry

India anticipates a record wheat harvest of 120.21 million tonnes in the 2025-26 crop year. This marks a significant increase from the previous year. Overall rabi crop production is also projected to rise. Pulses output is expected to grow substantially, helping to bridge the demand-supply gap. Oilseeds and other cereals also show positive production forecasts.

10 Mar 2026 6:59 pm
E-7A Wedgetail aka the Flying Radar joins UAE defence; How will Australia's super-jet intercept Iranian strikes and protect gulf airspace?

E-7A Wedgetail: Prime Minister Anthony Albanese has announced the deployment of an E-7A Wedgetail reconnaissance aircraft and supporting personnel to the Gulf for a four-week defensive mission. The operation aims to secure regional airspace following reports that the United Arab Emirates (UAE) has intercepted over 1,500 Iranian-launched rockets and drones.

10 Mar 2026 6:55 pm
Quote of the Day by Chinese philosopher Han Fei: 'It is not difficult to know a thing; what is difficult is to...'

Han Feis quote, 'It is not difficult to know a thing; what is difficult is to know how to use what you know,' teaches us that learning or having knowledge is easy, but the real challenge is applying it. Many people gather information, yet few can turn it into action or results. The quote has a strong message that knowledge without action has little value.

10 Mar 2026 6:53 pm
Assam polls: BJP to contest 4 of 15 Bodoland Territorial Council seats, challenge for UPPL

The BJP has declared it will contest four seats in the Bodoland Territorial Council (BTC) elections, leaving its ally UPPL to negotiate with the senior party BPF for the remaining 11 seats. Meanwhile, the AIUDF has released its first list of nine nominees for the upcoming Assam Assembly elections.

10 Mar 2026 6:45 pm
What is a Transformer in artificial intelligence, and why is it the base of most modern AI models?

Transformer in Artificial Intelligence powers over 90% of modern AI models today. Introduced by researchers at Google in 2017, the Transformer architecture changed machine learning forever. It helps AI models understand context, analyze massive datasets, and predict words using probability. Large systems like ChatGPT rely on this design. Training uses trillions of text tokens and human feedback. That is why Transformer-based large language models dominate generative AI, search, and automation to

10 Mar 2026 6:41 pm
Bengaluru man says Instagram addiction is very real after observing metro passengers at 5 am

A Bengaluru entrepreneur observed a metro coach filled with passengers, noting that approximately 80% were engrossed in their smartphones, likely scrolling through Instagram reels. This early morning journey highlighted for him the pervasive nature of social media in daily life and the reality of Instagram addiction.

10 Mar 2026 6:38 pm
Quote of the day by Beatles drummer Ringo Starr: You either kiss the future or the past goodbye

You either kiss the future or the past goodbye, the quote from Ringo Starr offers a thoughtful message regarding life decisions and personal growth. Starr, popular as the drummer of The Beatles, uses simple words to emphasize the importance of moving forward. The quote suggests that people must choose between remaining attached to past memories or embracing fresh possibilities in the future. Its meaning reflects the importance of change, optimism, and courage when facing lifes challenges.

10 Mar 2026 6:30 pm
Will Travis Kelce retire from the NFL and leave Kansas City Chiefs? Reports emerge before new league kickoff

Rumors about the future of Travis Kelce intensified ahead of the new NFL league year. After 13 seasons with the Kansas City Chiefs, the veteran tight end reportedly spent the offseason considering retirement. Despite speculation that the future Hall of Famer might step away from football, recent reports suggest he is expected to return for his 14th season.

10 Mar 2026 5:52 pm
Bengaluru techie turns grandpa's vintage rotary phone into Alexa; named 'Kiri', his DIY AI assistant goes viral

A Bengaluru creative developer has gone viral for building a personalized AI assistant housed inside a 1970s rotary phone. Dubbed Kiri, the device uses a Raspberry Pi and an AI agent to perform complex tasks like booking Ubers, scheduling meetings, and controlling smart lights through voice commands.

10 Mar 2026 5:50 pm
Quote of the day by Leonardo da Vinci: 'Experience does not err. Only your judgments err by...'

Quote of the day by Leonardo da Vinci: Leonardo da Vinci's wisdom highlights that experience is always correct. Our own judgments and expectations often lead to errors. By aligning our expectations with reality, we make better decisions. This principle applies to learning, work, and personal growth. Understanding this helps us learn from mistakes and refine our view of the world.

10 Mar 2026 5:48 pm
Trump says it's possible he would talk with Iran as West Asia conflict rages on

US President Donald Trump has indicated a willingness to engage in talks with Iran. However, he stressed that any negotiations would be contingent on the specific terms presented. Trump also expressed his reservations about Iran's new Supreme Leader, Mojtaba Khamenei. He noted that the recent US military operation in Iran yielded results exceeding expectations.

10 Mar 2026 5:36 pm
Oil boon, Ukraine forgotten, Iran weakened: How does Russia win or lose from Mideast war

Russia stands to both gain and lose from war in the Middle East, with the Kremlin boosted by rising oil prices and attention diverted from Ukraine, but facing a reputational hit for its inability to help a key ally. - Focus shifts from Ukraine - The Iran conflict has diverted global attention away from Russia's assault on Ukraine, and forced Kyiv's Western allies to shift resources to the Middle East.

10 Mar 2026 5:36 pm
Mumbai temperatures already touching 40C: What heatwave conditions will look like this week

Temperature Mumbai: Mumbai is bracing for scorching temperatures this week, with highs nearing 38-40C and isolated heatwave conditions expected. Hot and humid weather will persist until Friday, when temperatures are forecast to drop slightly to 35-37C. By Saturday, drier conditions and a further easing of temperatures to 34-36C are anticipated, offering some respite.

10 Mar 2026 5:35 pm
UK under-16 social media ban fails as govt seeks talks

British MPs struck down proposals for a blanket ban on social media for children under 16, as the government backed a separate consultation on measures to protect young people online. British public figures including actor Hugh Grant had urged the government to back the proposal, saying parents alone cannot counter social media harms.

10 Mar 2026 5:29 pm
6 high-effective workouts for muscle building

Master your physique with these six high-effective workouts focused on compound movements. From the foundational Barbell Squat to the mass-building Deadlift and Overhead Press, this guide highlights the essential lifts required to trigger maximum muscle growth and strength, providing a proven roadmap for body transformation in 2026.

10 Mar 2026 5:24 pm
7 no-oil evening snacks perfect for chai time

Elevate your evening tea with seven delicious no-oil Indian snacks. From crunchy roasted Makhana to savory steamed momos and protein-packed peanut chaat, these oil-free options provide the perfect crunch and flavor without the extra calories, ensuring a healthy and light transition from your workday to dinner.

10 Mar 2026 4:59 pm
Who is Arun Tupe? Influencer known as kon_aruntupe found dead at his Maharashtra home

Arun Tupe Death News: Popular Marathi social media influencer Arun Tupe was found dead at his residence in Balaji Nagar. Rushed to the hospital, doctors declared him dead on arrival. The cause of death remains unclear, with an autopsy pending to clarify the circumstances surrounding his untimely demise.

10 Mar 2026 4:55 pm
6 high-protein vegetarian breakfasts to prevent mid-morning hunger

Eliminate mid-morning hunger with these six high-protein vegetarian breakfasts. Featuring Indian staples like Paneer, Moong Dal, and Soya, this story outlines how to build a satiating morning routine that fuels your muscles and stabilizes your energy, ensuring you stay productive and full until your next meal.

10 Mar 2026 4:49 pm
West Asia war could impact demand and hurt the Indian economy, says Moodys

An ongoing crisis in West Asia poses significant risks to the Indian economy. Experts suggest a potential contraction in GDP, accompanied by higher interest rates and climbing inflation rates. Such conditions could stifle growth and dampen consumer spending, while financial institutions may encounter their own challenges.

10 Mar 2026 4:47 pm
Gau Swastha: India's first image-based AI for cattle health and disease protection

Gau Swastha, is revolutionizing Indian dairy farming by combining computer vision (CV), vision-language models (VLMs) and large language models (LLMs) to analyse cattle photos, farmer-reported symptoms and veterinary knowledge in one unified clinical reasoning engine.

10 Mar 2026 4:43 pm
Authorities to monitor RWA functioning in Noida, Greater Noida and Ghaziabad after several complaints

Authorities in the National Capital Region are stepping in to oversee elections for Residents Welfare Associations and Apartment Owners Associations. This action follows numerous complaints about governing bodies overstaying their mandated terms. The deputy registrars department will now directly supervise polls in societies where elections have been delayed for years.

10 Mar 2026 4:40 pm
NASA Satellite crash alert: 1300-pound spacecraft set for fiery reentry Date, time, and is it dangerous?

NASA Satellite crash: The object identified is Van Allen Probe A, a NASA spacecraft launched in August 2012 to investigate Earths radiation belts. After spending more than a decade in orbit and several years since the mission formally concluded, the satellite is now entering the final phase of its orbital decay.

10 Mar 2026 4:37 pm
Siddaramaiah writes to Hardeep Singh Puri on LPG shortage as crisis threats to upend Bengaluru life

Siddaramaiah, in a letter, said the shortage could have serious consequences for the citys food services ecosystem, including hotels, restaurants, hostels, marriage halls and community venues that depend on commercial LPG for cooking.

10 Mar 2026 4:36 pm
President Murmu urges tax officers to balance 'enforcement with sensitivity'

During a recent engagement, President Droupadi Murmu urged officers of the Indian Revenue Service to wield their authority with grace and a deep respect for our Constitution. She highlighted that equitable and transparent tax collection is vital for national advancement.

10 Mar 2026 3:51 pm
Delhi water supply today: These areas to face disruption as DJB carries out annual reservoir flushing

Delhi Water Supply Cut Today News: Delhi residents in several north-west and north-east areas are set to face water supply disruptions on Tuesday. The Delhi Jal Board is conducting its annual flushing of underground reservoirs and booster pumping stations for routine maintenance. Residents are advised to store water in advance, with emergency tanker services available for acute shortages.

10 Mar 2026 3:48 pm
Heeseung leaves Enhypen: What is the net worth of the 24-year-old K-pop star?

Heeseung leaves Enhypen: Since their debut in 2020, Enhypen has enjoyed significant commercial success, contributing to the growing earnings of its members, including Heeseung.

10 Mar 2026 3:45 pm
PlayStation 5 Pro India launch soon? Certification surfaces on BIS portal under model CFI-7121 after long delay

Sonys PlayStation 5 Pro (PS5 Pro) has finally been spotted on the Bureau of Indian Standards (BIS) website under model number CFI-7121, signaling that a domestic launch may be imminent. While the console debuted globally in November 2024, its entry into the Indian market was reportedly stalled due to regulatory conflicts surrounding Wi-Fi 7 (6GHz) spectrum allocation.

10 Mar 2026 3:43 pm
CBI again summons TVK chief Vijay for questioning in Karur stampede case

The CBI has summoned actor Vijay to appear in Delhi on March 15 regarding the Karur stampede case. He had previously requested a deferral and for questioning to be held in Tamil Nadu. The agency has also asked DMK MLA Senthil Balaji to appear on March 17.

10 Mar 2026 3:36 pm
Quote of the Day by Sanju Samson: 'I was rewarded for being brave...'

Sanju Samsons quote, I was rewarded for being brave enough to dream, means that success comes to those who have the courage to pursue their ambitions. The quote highlights the importance of believing in yourself, taking risks, and staying determined. Essentially, bravery, hard work, and persistence turn dreams into reality.

10 Mar 2026 3:36 pm
Excise policy case: Delhi HC seeks Kejriwal, Sisodia response on ED plea to expunge remarks

The Delhi High Court has asked Arvind Kejriwal, Manish Sisodia, and 21 others to respond to the Enforcement Directorate's plea to expunge unwarranted remarks made by the trial court against the agency. The ED argued the trial judge had no business making adverse statements in a case the ED was not a party to, potentially prejudicing their investigation.

10 Mar 2026 3:31 pm
Union Cabinet approves key changes to IBC and Companies Act 2013

The Union Cabinet has approved amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, 2013, according to sources. The move follows recommendations from a Lok Sabha Select Committee and aims to streamline insolvency proceedings and improve corporate governance.

10 Mar 2026 3:07 pm
Enhypen Shock: Why is Heeseung leaving the K-Pop band and are other members also splitting?

Enhypen made their debut in November 2020 after being formed through the survival audition show I-LAND. The program, a collaboration between entertainment companies HYBE and CJ ENM, determined the final lineup through a combination of fan voting and performance evaluations.

10 Mar 2026 3:02 pm
Congress MP Gogoi accuses Speaker Om Birla of partisanship

Opposition members have moved to remove Lok Sabha Speaker Om Birla. Congress MP Gaurav Gogoi cited partisan behavior as the reason. He stated the Speaker interrupted the Leader of Opposition multiple times. Critical issues were allegedly not allowed to be raised. The opposition aims to protect the Constitution and democratic faith.

10 Mar 2026 2:58 pm
ESMA invoked to ensure LPG supply: What is ESMA, how does it work, its essential services and more?

What is ESMA: The Centre invoked ESMA and has directed oil refineries to ramp up LPG production to ensure sufficient availability of domestic cooking gas amid the Middle East Crisis. The government can invoke ESMA to prohibit striking employees from refusing to work in certain essential services, which are necessary for the maintenance of normal life in the country.

10 Mar 2026 2:44 pm
India widens gates for foreign money from bordering countries including China as cabinet eases FDI norms

The government has eased Foreign Direct Investment (FDI) regulations for countries sharing land borders with India, including China. This move relaxes the stringent rules implemented in 2020 under Press Note 3, which required prior government approval for investments from these nations. The Cabinet also approved amendments to the IBC Bill 2025 and the Corporate Laws Amendment Bill.

10 Mar 2026 2:44 pm
North Korea and China to resume passenger train service after 6-year gap

In a significant development, the long-suspended train service between Pyongyang and Beijing is about to resume. This week marks the reopening of this essential transit route following a six-year break due to the pandemic. The trains will run four times a week, initially accommodating only diplomatic personnel and government officials.

10 Mar 2026 2:37 pm