The Economic Times

The Goods and Services Tax Council meeting is set to discuss proposals benefitting small ecommerce sellers. If approved, these sellers could operate nationwide with one registered address rather than multiple. This would allow online sellers to utilize warehouse locations for registration. Additionally, the council will address the ambiguities regarding tax liability for services booked through ecommerce platforms. Changes aim to standardize tax collections and reporting requirements for all pla

India's economic growth remains strong, with foreign direct investment continuing to show promising figures. Arvind Panagariya emphasizes the need for deeper trade liberalization, increased privatization, and judicial reforms. He highlights the importance of attracting long-term productive investments, especially from private equity. Trade agreements with the UK and European Union are expected to further bolster India's economy.

Max Verstappen achieved his first victory of the season at the Bahrain Grand Prix in Malaysia. A retirement of George Russell during the race significantly benefited Kimi Antonelli in the championship standings. Antonelli's lead over Russell increased as a result of this retirement, putting him in a strong position. Verstappen expressed relief after overcoming a challenging start to the year with his Red Bull team.

The Aichi-Nagoya Asian Games ended with a vibrant closing ceremony attended by athletes from 45 countries. India secured fourth place with a total of 85 medals, including 21 gold medals. China topped the medal table, followed by Japan and South Korea, showcasing the competitive spirit. The Olympic Council of Asia President declared the Games closed, emphasizing the significance of the event for Asian sports.

After the pandemic, former HGV driver Lee Bodell made a life-changing decision to travel globally with his family. Moving from a career-focused routine to embracing remote work and family adventures, they sold their house for 330,000. With an online business funding their travels, they've explored several European countries and aim to journey into Southeast Asia, hoping to settle abroad after their expeditious travels.

A committee from the Mecca defence pact involving Turkey, Saudi Arabia, and Pakistan will meet in Riyadh. Turkish officials attending include the Foreign Minister, Defence Minister, and Chief of General Staff. The meeting will address recent regional developments and plans for the alliance's institutionalisation. Additionally, discussions will consider Iran's suggestion for political engagement with Yemen's Houthis. This strategic meeting aims to reinforce collaborative efforts to stabilize the

Iraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is significant as it travels beyond the Strait of Hormuz. Previously, buyers handled shipping from Basra in the Persian Gulf, but now the company is managing exports. This change aims to offer better access to refiners cautious about the strait.

A Flydubai flight headed for Israel was nearly compromised when an Omani co-pilot, previously banned from flying due to extremist views, attempted to seize control of the aircraft. UAE authorities are investigating significant security lapses, including how the co-pilot managed to operate the flight without prior detection or warning from Israeli security agencies.

The new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stability. This initiative promises to improve taxpayer satisfaction and bolster revenue generation, encouraging growth across multiple industries. Early data shows a notable increase in taxable supplies after these reforms, positively impacting both businesses and consumers, with small and medium enterprises particularly benefiting from a cohesive national market.

FlyDubai co-pilot Hamam al-Hammami was involved in an attempted violent act during a flight, raising significant concerns. Previously employed in Oman, he was debarred due to his extremist online activities. Omani by nationality, al-Hammami lived outside of Oman for most of his life. Australian authorities are investigating his background, particularly his studies in Australia from 2015 to 2017. The UAE attorney general confirmed the attempted act was terrorist in nature.

External Affairs Minister S. Jaishankar emphasized the changing nature of global politics at the Munich Security Conference. He noted that the US has become a lonelier power due to its repositioning and China's emergence. Jaishankar highlighted the importance of India-Russia ties amid these developments, mentioning defense and economic collaboration. He also pointed out the need for cooperation among emerging powers while maintaining relations with the US and China.

A special NIA court in Kashmir acquitted Asif Bashir Khan of charges related to a grenade blast. The court found that the prosecution failed to prove the accusations against him beyond reasonable doubt. It stated that suspicion alone does not justify a conviction in serious terrorism cases. The judge noted that evidence presented was legally invalid and uncorroborated by independent witnesses.

Justice Ujjal Bhuyan expressed concerns about disenfranchising millions of citizens without voting rights. He stated such actions are intrinsically arbitrary and undermine constitutional values. His statements were made during the NALSAR BRS Moot Court Competition. This comes amid scrutiny of the Election Commission of India, particularly regarding the Special Intensive Revision of electoral rolls. The Supreme Court recently upheld the ECI's process, affirming its constitutional validity.

To counter Congress's allegations, the BJP has nominated Dinesh Arya, a candidate from Haldwani, for the Rajya Sabha seat in Uttarakhand, targeting Dalit voters. Meanwhile, in West Bengal, the party has announced the selection of actress Rukmini Mallick following her exit from TMC. These nominations reveal BJP's tactical efforts to strengthen its position in regional politics before the elections.

Janhvi Kapoor home tour: The actor's Mumbai home showcases her connection to the Kapoor family and her personal style. The duplex features modern interiors, elegant living spaces, and personal family touches throughout. Spacious areas and large windows bring in natural light while offering views of Mumbai. Outdoor spaces include a private garden and swimming pool for relaxation and gatherings. The home captures a balance between luxurious living and comfortable family moments.

Law and order conditions in Bangladesh are worsening eight months into Tareque Rahman's tenure as prime minister. Incidents of people taking the law into their own hands are rising, affecting vulnerable individuals and properties. Recent reports indicate a surge in vandalism, property takeovers, and attacks reminiscent of previous BNP rule. The economy is struggling amid supply chain challenges, with government leaders not currently seeking stronger economic ties with India.

A Hackney landlord has received a hefty 30,000 fine due to neglecting critical fire safety measures. The recent implementation of the Renters Rights Act by Hackney Council has added requirements aimed at protecting tenants, such as restricting evictions without sufficient cause and capping rent hikes to once annually. Mayor Zo Garbett stressed the need for secure living environments and urges tenants to report non-compliant landlords.

Mumbai: Reliance Retail and 7-Eleven are ending their five-year franchisee deal in India, closing most of the nearly 60 convenience stores they operated under the partnership, after struggling to make the format profitable, people familiar with the matter said.A handful of outlets are clearing the inventory before shutting, they said. 7-Eleven may look for another Indian partner to keep a foothold in the market, although no decision has been made, the people said.The exit highlights an unusual s

Gujarat has announced a scheme to relocate Maldhari families from the Barda Wildlife Sanctuary. The scheme provides a one-time payment of Rs 15 lakh for families willing to move. Relocating families will receive a 100-square-yard housing plot and additional land for livestock. This initiative aims to create more space for Asiatic lions and reduce pressure on Gir National Park.

In a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect transfer, setting it apart from a recent Supreme Court ruling involving Tiger Global. This ruling has stirred discussions about the effectiveness of tax residency certificates for foreign investors.

Protest fever is growing in various parts of the world, prompting authorities to respond with limited measures. The example of Captain Machchhar illustrates that victory requires more than just aggression and needs strategic planning. Recent actions in the US Middle East policy show a similar pattern of withdrawal after conflict. During the UNGA, Bibi faced challenges, indicating the need for preparation in addressing protests.

The Rohini Court Bar Association is organizing a protest against the alleged assault of Advocate Kamaldeep by police. Members will abstain from judicial work on October 5 as a mark of protest. They also announced that no police officials will be allowed on court premises that day. The association condemned police misconduct and expressed serious concerns over the treatment of advocates.

The 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Heres what the IRS rules mean for families planning to transfer wealth, make large gifts or review their estate plans, and how the basic exclusion amount differs from the annual gift tax exclusion.

Maharashtra's Opposition parties staged a protest in Mumbai, demanding the resignation of Chief Election Commissioner Gyanesh Kumar. They claimed the Election Commission is rigging the electoral process to favor the BJP. The leaders voiced concerns about the removal of millions of voters during the State Identification Registration exercise. BJP representatives countered by highlighting previous demands for removing duplicate names from electoral rolls.

With global financial risks in the spotlight, the Reserve Bank of India is indicating a shift towards higher interest rates. Governor Sanjay Malhotra has highlighted emerging challenges, including significant global debt levels and surging asset prices. The rise in US treasury yields and crude oil costs suggests trials ahead for the Indian economy.

California-based think tank said there will be more demand for natural gas for electricity because the administration is canceling new wind, solar and hydrogen projects and there will be more gasoline demand for transportation because Trump and Congress are revoking policies that incentivized efficient and lower-emissions vehicles. Higher demand increases prices.

Carcasses have been washing ashore around the gulf city of Puerto Madryn, including near the central waterfront where they alarm residents and tourists.

Uttar Pradesh Congress in-charge Rajendra Pal Gautam said the party should receive equal respect and an equal share in seat-sharing talks for the 2027 Assembly polls. He said Congress was preparing across all 403 constituencies and wanted the alliance arrangement finalised in October to give candidates adequate time to campaign.

The Ambassador's statement came in response to a special prayer gathering organised at the BAPS Hindu Mandir in Abu Dhabi, where priests and devotees assembled to honour Captain Machchhar's heroic actions during the cockpit attack by his co-pilot on the flydubai flight from Dubai to Tel Aviv.

BJP leaders lambasted Congress president Mallikarjun Kharge for labeling Prime Minister Narendra Modi as illegal. Kharge's call for fresh elections highlighted his belief that the current polls lack authenticity, advocating for a return to the traditional ballot papers. Union Minister Kiren Rijiju and BJP spokesperson Sudhanshu Trivedi demanded an apology from Kharge, challenging the legitimacy of his own election due to Congress's controversial past elections.

In a shocking incident, a female researcher from the Irkutsk Anti-Plague Institute has died due to severe pneumonia of unknown cause. Close to 200 people who could have been exposed are being carefully observed by health officials. It appears she accidently broke a test tube filled with live plague bacteria while working on experiments.

Ukraine is ready for a proposed trilateral meeting with the US and Russia at the technical level by the end of October, President Volodymyr Zelenskyy said. The announcement came after fresh Russian drone and missile attacks across Ukraine, while India said it was separately engaging Moscow and Kyiv on issues including Black Sea shipping and exports.

India's growth prospects remain strong despite external shocks affecting the economy. Erik Berglof highlights the need for resilience against climate and geopolitical risks. He notes that high US bond yields could impact emerging economies due to higher interest costs. Additionally, energy and water security are identified as critical areas needing improvement.

Economic Affairs Secretary Anuradha Thakur said trade shaped by security and geopolitical considerations could deepen global imbalances, raise capital costs and create friction. She said private investment was showing signs of revival despite tight global financial conditions, while the AI investment cycle was adding to demand for capital and debt.

Georgia shooting: A shooting occurred early Sunday at a homecoming block party in Vienna, Georgia, injuring up to 35 individuals. The gunfire led to the deaths of two men, aged 20 and 23, whose identities are not yet disclosed. Dooly County Sheriffs Office deputies were present during the incident as part of their patrols.

Iran's Oil Minister Mohsen Paknejad has resigned, with NIOC chief Hamid Bovard set to serve as acting minister.

Ankita Lokhande and Vicky Jains reported Rs 50 crore 8BHK Mumbai home offers a glimpse into their lavish lifestyle, with elegant white interiors, a pool table, dramatic red-and-gold room, spacious walk-in wardrobes, greenery-filled balconies and a beautifully decorated puja room.

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External Affairs Minister S Jaishankar said India's non-signatory status under the NPT gives it a different position from Iran, which is an NPT signatory, while stressing that India's immediate concern is the impact of the West Asia conflict on energy and trade. He called for restoring uninterrupted supply and trade flows.

Janhvi Kapoor has publicly addressed a manipulated AI video circulating online that misrepresents her image. The video was created using footage from her film Devara: Part 1 with Jr NTR. Kapoor described the circulation of such content as deeply violating and comparable to sexual assault. Actors from the Indian film industry have condemned the misuse of AI in this context.

Tom Cruise's latest film Digger may be one of the biggest flops of Hollywood, according to reports. However, the actor insists that he is proud of the film which was directed by Alejandro Gonzalez Inarritu who previously made Leonardo DiCaprio-starrer The Revenant in 2015.

Quote of the day by Kate Hudson: Actress Kate Hudson calls unmindful sugar intake he worst thing, but she refuses to give up her favorite treats. Instead of extreme elimination, her approach centers on conscious awareness and moderation, a strategy that aligns closely with global dietary guidelines for heart health and diabetes prevention.

Emergency services were on their way to the scene, the mayor said. In recent days, the Southern Bridge across the river has been struck several times by Russian drones, amid an escalation in attacks on infrastructure in the Ukrainian capital.

The Supreme Court plans to hear pleas regarding Chief Election Commissioner Gyanesh Kumar's alleged unilateral decisions and actions. Petitioners Rakesh Kumar Singh and Shailendra Mani Tripathi challenge Kumar's adherence to collective decision-making principles. They seek his suspension pending a final ruling and the appointment of officials based on consensus.

Bosses having a daughter can change not just their lives but also yours for the better. A survey found that managers whose firstborn kids were daughters were more likely to have more women being employed and their pay packets increasing. The results show that becoming a father, especially having a daughter, might change how people at work think about women in the workplace.