A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors
China summoned Japan's envoy and protested after Tokyo joined 13 other countries in reaffirming a 2016 ruling rejecting Beijing's South China Sea claims. China accused Japan of interfering and undermining regional stability.
NATO's recent summit focused on securing US commitment amid Donald Trump's unpredictable stance. European nations are increasing defense spending to build independent capabilities, while Russia's military is expected to emerge stronger post-Ukraine conflict. Planners must prepare for potential US troop withdrawals and a shifting security landscape.
India's electric vehicle market is projected to grow 12x to 30.4 million units by 2032, driven by policy support and consumer appeal. Electric two- and three-wheelers will lead sales, while battery demand surges from 19 GWh to 362 GWh. The domestic component market is expected to reach Rs 3,02,000 crore.
The US released footage of recent military strikes targeting Iranian air defense systems, radar sites, and drone capabilities. The operation, aimed at securing the Strait of Hormuz, followed an Iranian attack on a container ship. Iran claimed retaliatory strikes on US targets in the Middle East.
South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations. Oil prices surged, strengthening the US dollar and increasing interest rate hike bets. Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.
The England and Wales Cricket Board (ECB) has sacked Brendon McCullum as Test coach after four years, retaining him for white-ball teams. This decision marks the end of 'Bazball,' the ultra-aggressive Test cricket style he and Ben Stokes introduced in 2022, following recent Ashes humiliation and a home series defeat to New Zealand.
