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The Economic Times

Global Business / The Economic Times

Tax reforms drive 1.32 crore updated returns, Rs 16,083 crore additional tax: CBDT member

Updated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake among taxpayers filing returns. Karnataka ranks second in direct tax collections, contributing substantially to national revenue. Technology-driven systems enhance transparency and encourage voluntary taxpayer compliance. The department processes returns rapidly and issues refunds efficiently to taxpayers.

7 Sep 2026 6:53 pm
Putting a plastic bottle filled with water on your roof: 30+ countries use this unusual trick; heres what it does and how to use it correctly

Putting a plastic bottle filled with water on your roof: The Moser lamp is a simple invention that uses sunlight to brighten dark indoor spaces during the day, reducing the need for electric lighting. Developed in Brazil, the low-cost technique involves filling a transparent plastic bottle with water and fitting it through a roof so that sunlight can be refracted and dispersed inside. The concept was later promoted by the MyShelter Foundation through its Liter of Light programme and spread acros

7 Sep 2026 6:51 pm
Best Italian proverb of the day: Those who have bread have no teeth, and those who have teeth have no bread A life lesson on timing

Best Proverb of the Day: Chi ha il pane non ha i denti, e chi ha i denti non ha il pane translates as Those who have bread have no teeth, and those who have teeth have no bread. The Italian proverb reflects the irony of circumstances, where people may possess an opportunity without being able to enjoy it, while those capable of using it may lack access.

7 Sep 2026 6:04 pm
West Bengal cabinet approves remuneration hike of over one lakh staff

West Bengal government will enhance employee remuneration benefiting over one lakh people. Forest officials and volunteers will see increased monthly payments starting soon. Former MLAs' medical allowance is also being raised significantly from August. Primary and upper primary para teachers will receive a substantial pay hike. A bill for inter-university staff transfers will be presented in assembly.

7 Sep 2026 6:03 pm
CBIC releases import clearance checklist for cosmetics, drugs, and medical devices

The CBIC has introduced a new checklist for customs officers reviewing imports. This standardized process aims to streamline clearances for drugs and medical devices. Businesses must upload all required documentation onto the e-SANCHIT portal. Industry experts welcome the shift towards a more transparent digital verification.

7 Sep 2026 6:02 pm
Iran vows to respond to US strikes, says US energy companies' facilities are 'exposed'

Iran has threatened to retaliate against any new United States attacks on its assets. The nation warned that regional energy production is accessible and exposed to potential strikes. Iranian officials announced plans for a new restricted zone in the Gulf. This zone would impact shipping through the vital Strait of Hormuz. The conflict has also affected oil prices and regional economies.

7 Sep 2026 6:01 pm
Quote of the day by Annie Potts, 'I don't watch a lot of my work. I'm not really interested in seeing it after I do it. Because I came from theater, where, you know, it's impossible to actually review your work, so why would I bother under any other circumstances?' offers reality check on career, work, success, ambition, productivity, personal growth

Quote of the day by Annie Potts presents a compelling life lesson about creativity, performance and moving on. Her theater background taught her to experience a performance as something immediate rather than something that must be endlessly examined afterward. In an age when recorded work can be replayed indefinitely, that perspective feels surprisingly relevant.

7 Sep 2026 5:58 pm
Twenty-five years after 9/11, Americans still live with its legacy

Scott Larsen followed his father into the New York City Fire Department after his death on September 11th. Dr. Michael Crane dedicated his career to aiding rescue workers affected by the disaster. Michael Tuohey reflects on his role in checking in two of the hijackers for their flight. These individuals' lives were profoundly shaped by the unprecedented attacks.

7 Sep 2026 5:54 pm
Word of the Day: Know what stied means and how this rare English word is used

Word of the Day stied refers to something kept, lodged or confined in a sty, the enclosure traditionally used for pigs. The uncommon word is the past tense and past participle of sty. While rarely used in everyday English today, stied remains a legitimate dictionary word and reflects the long history of sty in the English language.

7 Sep 2026 5:52 pm
In 2024, Arizona engineers used 100% recycled glass to widen 23 miles of Interstate 17 at 19 sites, protecting concrete culverts built for a narrower highway

Instead of adding heavy soil and stone above aging concrete drainage structures, engineers used ultra-lightweight foam glass made from recycled bottles and containers to safely build new lanes on a 23-mile stretch of Interstate 17 north of Phoenix.

7 Sep 2026 3:34 pm
Nikes shoe doesn't fit: How did the swoosh lose its winning edge?

Nikes decline is raising questions about how the sportswear giant lost its competitive edge. Falling revenue, a collapsing market value, weaker China sales, inventory pressure and growing competition from Hoka, On, Adidas, Anta and Li Ning have challenged its dominance. CEO Elliott Hill is rebuilding wholesale, product innovation and regional strategies as Nike fights to restore growth and brand appeal.

7 Sep 2026 3:08 pm
The time to fix and grow your patchy lawn is here, but do this one vital task before sowing new seeds

As autumn descends, it's the perfect opportunity to plant new grass seeds and revive worn-out lawns. Monitoring weather forecasts is vital for ensuring optimal germination conditions and avoiding the wastage of valuable seeds. Thorough soil preparation, including clearing debris and aerating compact soil, enhances seed-to-soil contact. Incorporating starter fertilizer rich in phosphorus promotes critical early root growth for seedlings.

7 Sep 2026 2:45 pm
Why Giorgia Meloni's four-year milestone matters far beyond Italy

Italian Prime Minister Giorgia Meloni's administration has fostered remarkable stability, dramatically enhancing Italy's international role. One of the most significant developments is the establishment of a Special Strategic Partnership with India, which allows Italy to actively participate in crucial global initiatives. This continuity enables Italy to assert itself more robustly in both European and worldwide conversations.

7 Sep 2026 2:43 pm
By 2024, over 550,000 Germans had hung solar panels from their balcony railings and plugged them into wall sockets, turning apartments into mini power plants; within a year, installations surged to 1 million as the simple, roughly 500 technology spread among renters

Germany's innovative balcony solar systems provide a hassle-free solution for renters looking to harness solar energy. Designed for easy self-installation, these plug-in units are backed by simplified regulations and new protections for landlords. This initiative empowers apartment residents to actively contribute to renewable energy efforts, aligning with Germany's ambitious energy transition goals.

7 Sep 2026 2:35 pm
UAE builds alternative trade, energy routes after Iran attacks, official says

The UAE is building alternative routes for its energy exports and trade to reduce its dependence on the Strait of Hormuz amid the war with Iran, presidential adviser Anwar Gargash said.

7 Sep 2026 2:25 pm
Quote of the day by Chilean poet Pablo Neruda: 'You can cut all the flowers but you cannot keep...' - Nobel laureates timeless lesson about hope, resilience, renewal and why even the darkest moments cannot stop new beginnings from emerging

Quote of the day by Pablo Neruda: Celebrated Chilean poet Pablo Neruda breathed life into profound verses, urging us to cherish hope's enduring power. His timeless words on love, nature, and justice earned him the Nobel Prize in Literature. Neruda's fearless exploration of human emotions and struggles remains relevant, resonating deeply with our collective experiences and reminding us of the beauty found in renewal.

7 Sep 2026 2:22 pm
Why battery recycling is crucial for protecting local ecosystems and securing a sustainable clean energy future

Improper disposal of used batteries can lead to environmental hazards due to toxic metals contained within them. Recycling these batteries not only curtails the need for environmentally damaging mining practices but is also essential for the preservation of critical minerals, which face high supply risks. To contribute positively, consumers can seek out local initiatives aimed at the safe recycling and disposal of batteries, ensuring a sustainable future for energy consumption.

7 Sep 2026 2:10 pm
Aravalli Hills definition: SC refuses 6-month extension, sets Nov 30 deadline for panel report

The Supreme Court has refused to grant a six-month extension to the Aravalli High-Powered Committee and directed it to submit its report on the definition of the Aravalli Hills by November 30.

7 Sep 2026 1:57 pm
In 2007, scientists recovered a blue whale earplug off Santa Barbara; its 24 wax layers archived 12 years of hormones, mercury, and man-made pollutants

The earwax plug of a blue whale serves as a remarkable indicator of its life history. This wax revealed its exposure to harmful pollutants from birth to its twelfth year. It also showed an increase in stress and testosterone levels as the whale matured. Major stressors included ship noise and pollution, underscoring the significant effects of human activities on marine creatures.

7 Sep 2026 1:50 pm
Quote of the day by Gabriel Macht: Dont base your decisions on the advice of Suits character Harvey Specter on taking responsibility for your choices

Quote of the day: Wisdom is often shared by many, yet its effectiveness hinges on their personal stake in the outcome. Gabriel Macht's iconic portrayal of Harvey Specter in the hit series Suits showcases this notion. Macht, an actor since childhood who honed his craft at Carnegie Mellon University, captivated audiences until the show's end in 2019, following a remarkable nine-season run.

7 Sep 2026 1:43 pm
Johnny Cash used a Tennessee farm as his private hideaway for about 30 years; restored from 2015 and opened in 2016, the Bon Aqua property now welcomes visitors into his farmhouse

Johnny Cash's Bon Aqua farm is a musical haven that draws both fans and fellow artists. This iconic site served as the beloved retreat for the Man in Black for nearly three decades. Today, the restored property invites music enthusiasts to explore exhibits and event spaces, creating a meaningful link to the past while reshaping modern heritage tourism.

7 Sep 2026 1:40 pm
Old Adaminaby was moved for Australia's Snowy Scheme in 195657; 102 buildings were relocated, but flooding and lost jobs eventually drove away about half the district

Adaminaby, a quaint town in Australia, witnessed a historical transformation when it was relocated due to an impending flood from a dam. Over a hundred structures, including places of worship, were transported to safer elevations as part of the ambitious Snowy Mountains Hydro-Electric Scheme. Although the initiative promised electricity and progress, it came at a significant cost to the community's heritage, with droughts eventually uncovering remnants of their submerged past.

7 Sep 2026 1:30 pm
Hair-permanent solution stains can appear months later: Georgia Extension recommends a 15-minute warm-water, detergent, and vinegar soak, followed by rubbing alcohol and washing

Home perm kits can leave unexpected yellow stains on your clothes, even months after application. These discolorations occur due to sulfur compounds, such as ammonium thioglycolate, present in perm solutions. The chemical properties affect not just hair but also fabrics. To tackle these persistent stains, soaking in a mix of water, detergent, and vinegar can be effective.

7 Sep 2026 1:20 pm
In 1991, researchers coated a Merritt Island homes green-gray shingle roof with reflective material; the shingles reached about 110F after treatment

Dark roofs tend to soak up heat from the sun, resulting in higher air conditioning demands and costs. Utilizing reflective roofing materials can significantly decrease surface temperatures by up to 60 degrees Fahrenheit. Research indicates that cool roofs can cut down cooling energy needs by roughly twenty percent. Although homebuyers often favor dark shingles for aesthetics and durability, lighter, reflective roofing alternatives can provide greater benefits in many climates.

7 Sep 2026 1:10 pm
Nepal floods: Death toll climbs to 1,355 as rescue efforts continue; nearly 5,000 still missing

In a devastating flash flood event, Nepal has witnessed a death toll surge to 1,355, with many locals and foreign nationals missing. Rescue operations are ongoing as teams scour the ravaged landscapes and critical hydropower sites. Triggered by a massive ice-rock avalanche, the floods have led to widespread destruction in northern and central Nepal, further compounded by losses reported across the border in China.

7 Sep 2026 1:05 pm
In St. Paul, Penfield added a vegetated roof over a conventional membrane; monitoring found the green-roof membrane peaked about 51F cooler than the conventional roof

Research reveals that green roofs maintain lower temperatures compared to conventional roofs, leading to significant reductions in cooling costs for buildings. The dark surfaces in urban settings contribute to intense heat accumulation, which intensifies the urban heat island effect. As predictions indicate a rise in heat-related fatalities in future years, green roofs emerge as a promising thermodynamic strategy to combat elevated temperatures and soaring energy costs.

7 Sep 2026 1:00 pm
From dance floor to war: China readies humanoid robots for combat

China is rapidly advancing humanoid robot research for potential military deployment. Military institutions are testing these robots against battlefield requirements and seeking new technologies. Chinese manufacturers dominate global humanoid shipments, providing access to an expanding industry. The PLA envisions robots clearing buildings and infiltrating enemy lines in future conflicts. While challenges remain, China's defense establishment is planning for eventual wartime deployment.

7 Sep 2026 12:23 pm
First detected in the 1950s, an invasive snake has multiplied to more than 2 million on a US territory, wiping out native birds and surprisingly causing another species to boom to levels 40 times higher than on surrounding areas

The brown treesnake invasion in Guam has wreaked havoc on local ecosystems, decimating native bird populations and leading to a surge in spider numbers. With the absence of these birds, a new ecological disruption has emerged. Economically, this crisis costs millions annually in power outages, prompting significant government expenditure aimed at snake control.

7 Sep 2026 12:10 pm
Quote of the Day by Seneca: The greatest obstacle to living is expectancy, which depends upon the - Why waiting for tomorrow ruins today; Roman Stoic philosopher's powerful wisdom on overcoming anxiety and embracing the present moment

Seneca, the ancient philosopher, cautioned against postponing our happiness by fixating on the future. This chronic anticipation can detract from our enjoyment of the present. In a world full of distractions, its crucial to cherish the here and now, reminding us that life is fleeting and precious. Embracing today's moments allows us to truly appreciate the limited time we have.

7 Sep 2026 12:04 pm
Quote of the day by Socrates: 'Contentment is natural wealth, luxury is...' - Ancient Greek philosopher's life lesson on contentment, materialism and the hidden cost of chasing luxury, wealth and possessions in the pursuit of happiness

Quote of the day by Socrates: The wisdom of Socrates, an ancient Greek philosopher, transcends time through his emphasis on critical inquiry and virtuous living. He inspired others to examine their own beliefs and priorities, revealing that true riches lie in personal growth and virtue rather than material possessions. His ideas, preserved by followers like Plato, still resonate and shape contemporary philosophical discourse and educational practices.

7 Sep 2026 11:59 am
Quote of the day by Gone with the Wind author Margaret Mitchell: Until you've lost your reputation, you never realize what a burden American novelist on reputation, independence and the courage to be yourself

Quote of the day: Margaret Mitchell, author of Gone with the Wind, explored reputation's burden. Her famous quote highlights freedom found after losing social approval. Mitchell, born in Atlanta, became a journalist before her novel. Published in 1936, Gone with the Wind achieved immense global success. The novel's themes of reputation and freedom remain relevant today.

7 Sep 2026 11:59 am
What is a Rossby wave train? Scientists explain how Antarctica gained nearly 700 billion tons of ice - The surprising atmospheric pattern that disrupted normal weather, delivered extraordinary snowfall and and temporarily reversed the continents long-term ice loss

In a surprising turn, Antarctica temporarily gained ice mass, attributed to warm tropical ocean currents. These warm waters triggered atmospheric shifts that led to significant snowfall across the region. A Rossby wave train transported these phenomena over vast distances to East Antarctica. However, this short-lived ice gain does not indicate a permanent recovery for the continent, emphasizing the need for understanding these remote interactions for accurate sea-level rise predictions.

7 Sep 2026 11:20 am
Psychology says turning workplace rejection and disappointment into growth comes down to reframing mindset and setting clear boundaries

Workplace dissatisfaction frequently arises from unfulfilled expectations, significantly affecting mental health. Addressing these feelings promptly is essential in preventing burnout and emotional turmoil. Establishing realistic goals and acknowledging minor victories aids in managing professional development. Soliciting constructive criticism transforms frustration into practical learning strategies. Viewing challenges as chances for growth strengthens resilience and overall well-being.

7 Sep 2026 11:11 am
Wheat farmers have a new weapon against a pest that costs them $350 million a year; researchers are using straw bales to move tiny parasitoids into fields and fight the wheat stem sawfly

A new frontier in pest management is underway as researchers test a groundbreaking method to tackle the wheat stem sawfly issue. Utilizing baled wheat straw for the transport of Bracon parasitoids, these beneficial insects are set to control the sawfly population naturally. This sustainable and ecological solution promises to protect farmers' crops from severe losses, showcasing the potential of biological control in agriculture.

7 Sep 2026 11:04 am
Nepal tunnel rescues face 'unprecedented' challenge

Nepal faces an unprecedented flood disaster after a mountain collapse killed many. Rescue efforts continue for hundreds of hydropower workers missing in tunnels. Three workers have been rescued, boosting hopes for finding other survivors. Foreign experts are assisting Nepali teams in the complex search operations. The nation observes a day of mourning while rescue tempo remains high.

7 Sep 2026 10:22 am
Psychology says students who study abroad often gain more than a degree - The surprising ways living in another country can strengthen independence, confidence, resilience, social skills and cultural awareness while teaching young adults how to navigate uncertainty and adapt to completely new environments

Exploring international environments cultivates essential qualities like independence and resilience, according to recent research. Engaging with different cultures enhances cultural intelligence, fostering a deeper appreciation for varied perspectives. Students often realize transformative personal growth and boosted self-assurance. Findings highlight significant personality and adaptability changes following global mobility, preparing the youth for an increasingly globalized society.

7 Sep 2026 10:20 am
Since 2014, US farmers have been deliberately flooding their fields to create habitat for migratory birds; a decade later, 180,000 acres of farmland have become temporary wetlands serving as vital habitat for millions of birds

BirdReturns pays farmers to flood fields, creating vital temporary wetlands for migrating birds. This initiative helps birds and also replenishes groundwater supplies in California. The program uses technology to identify optimal times and locations for habitat creation. Similar managed flooding projects are being studied in the Mississippi Delta region. These efforts aim to support bird populations and improve environmental conditions.

7 Sep 2026 10:19 am
How a layer of aluminum foil keeps your soap intact and prevents it from turning into a soggy mess, this easy bathroom cleanliness hack can keep your counter clean with zero extra effort

Using a simple sheet of aluminum foil can dramatically enhance your soap dish's cleanliness. This unassuming kitchen staple serves as an effective barrier against moisture and mess. By placing foil beneath the soap bar, you prevent slimy residue from accumulating. Additionally, wrapping a wet bar with foil promotes quicker drying time post-bath, ensuring that your soap remains intact and your bathing area stays spotless.

7 Sep 2026 10:10 am
India to modify Su-30 fighter jets to integrate them with RVV BD air-to-air missiles

The Defence Ministry is considering integrating Russian RVV BD missiles with Su-30 MKI aircraft. These advanced missiles can engage targets at long distances with high speed. This capability boost comes ahead of Russian President Vladimir Putin's visit to India. The Defence Acquisition Council will review this significant proposal today. India is also pursuing indigenous and foreign air-to-air missile upgrades.

7 Sep 2026 10:06 am
BRICS Summit 2026 dates: Check traffic advisories, venue, schedule and other details for this week

The BRICS Summit 2026 will be held in New Delhi from September 11 to 13, with Bharat Mandapam at Pragati Maidan as the main venue. Delhi residents and visitors should expect traffic diversions and temporary restrictions on key roads as security arrangements and movement of foreign dignitaries intensify. Schools will remain closed on September 11, while commuters heading to the airport and railway stations are advised to leave early and use public transport where possible.

7 Sep 2026 10:04 am
Gold prices dip Rs 3,600/10 gram, silver down Rs 6,000/kg as US jobs data lifts rate hike bets; buy, sell or hold?

Gold and silver prices remained under pressure as stronger US jobs data raised expectations of higher interest rates. Analysts see both metals in a sideways trend, with key support and resistance levels identified for gold and silver. Investors now await US inflation data and the Federal Reserves September meeting for cues on the interest-rate outlook and bullion prices.

7 Sep 2026 9:51 am
The world has just changed: Trump reflects on 9/11, NYC resilience, and the day that altered history

President Donald Trump recalled the 9/11 attacks and the world changing forever. He watched the tragedy unfold from his New York City apartment that morning. Trump praised New York's incredible speed in rebuilding the World Trade Centre site. The 25th anniversary of the attacks will be observed this September 11. This event marked a profound shift in United States national security approaches.

7 Sep 2026 9:29 am
Bangladesh dengue outbreak accelerates as hospitals come under strain

Bangladesh faces an accelerating dengue outbreak with over 42,000 cases recorded. Daily hospital admissions have reached a year-high of 1,558 patients. The healthcare system is further strained by a concurrent measles outbreak affecting children. Experts warn September cases could surpass August's peak, indicating continued transmission. Government efforts include nationwide cleanup and awareness campaigns to combat breeding sites.

7 Sep 2026 8:35 am
'Moon is ours': Trump shares post claiming US ownership over earth's natural satellite

President Donald Trump claimed American ownership of the moon and the Strait of Hormuz. He also suggested renaming New Mexico to New America, which was dismissed. The state governor stated the name predates the United States' existence. Trump previously suggested renaming Lake Ontario amid trade disputes with Canada. These proposals aim to distract from current domestic issues like gas prices.

7 Sep 2026 8:04 am
Oil Price Today (September 7): Crude oil approaches $100 as US, Iran strikes hit oil vessels in Hormuz. Experts weigh in

The latest escalation came on Saturday when U.S. forces struck three Iranian oil tankers, according to U.S. Central Command. One of the vessels was hit off the coast of Kharg Island, near Iran's key oil export hub.

7 Sep 2026 7:53 am