Amid the developing security situation in West Asia, Pakistan could see its monthly oil import bill soar to a whopping USD 600 million, the country's Finance Minister Muhammad Aurangzeb said on Sunday, as reported by Dawn. Already reeling under economic stress, the country's Petroleum Min
The Court ruled 6-3 that the administration exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs, affirming that the power to levy taxes resides primarily with Congress.
Neal Katyal, a prominent Indian-American lawyer and former Acting Solicitor General of the United States, questions Trump's 15% global tariff under Section 122, citing DOJ's past stance that trade deficits differ from balance-of-payments issues. After Supreme Court struck down earlier tar
The landmark 6-3 ruling by the US Supreme Court striking down emergency tariffs has sent ripples through the global trade community. While the ruling curtails executive power, the immediate introduction of a 10 per cent uniform levy under Section 122 has drawn sharp reactions from trade, leg
The administration in Lahore has dismissed a dozen price control magistrates for what authorities termed persistent inefficiency, a decision that highlights the depth of public anger over unchecked inflation in everyday markets. The deputy commissioner ordered their immediate removal and rev
BJP MPs Manoj Tiwari and Chandra Prakash Joshi will present the Fourth Report (in Hindi and English) of the Committee on Petitions on the representation of Parameswaran Krishna Iyer concerning the levying of penal charges for non-maintenance of minimum balance in bank accounts.
Speaking to ANI, Sachdev said the US decision to reduce duties from a peak of 50% to 18% has removed a major irritant in bilateral ties, which had strained relations since April's Liberation Day announcement by US President Donald Trump. India had initially faced a 25% reciprocal tariff, fol
As 'American Pie 2' prepares to mark its 25th anniversary later this year, actor Jason Biggs has reflected on the lasting lessons he learned from the franchise, particularly from co-star Eugene Levy, according to People.
Both had acquired these properties in the names of their relatives from the Proceeds of Crime generated from the commission of a scheduled offence, said the ED in a statement.
Responding to a proposed bill in the United States Congress that seeks to impose a 500 per cent duty on countries continuing to purchase Russian oil, India on Friday said it remains guided by the imperative of securing "affordable energy" for its 1.4 billion people amid evolving global ma
The Comptroller and Auditor General of India (CAG) presented a compliance audit report on Goods and Services Tax (GST) for the year ended March 2023, highlighting several issues with the Central Board of Indirect Taxes and Customs (CBIC)'s oversight. The report, divided into four chapters