Does an NRI get taxed for gifting savings to his father's HUF? Does this fall under Income from Other Sources?

Explained 👇
https://www.livemint.com/money/personal-finance/does-an-nri-get-taxed-for-gifting-savings-to-his-fathers-huf-does-this-fall-under-income-from-other-sources-explained-11787059946155.html

AAP leader Satyendar Jain arrested in connection with alleged corruption in Delhi Jal Board during previous government: Official.

https://www.livemint.com/news/india/exdelhi-minister-and-aap-leader-satyendar-jain-arrested-on-corruption-charges-11787067437472.html

India’s unemployment rate held at 5.1% in July, matching a four-month low, NSO data showed. Rural unemployment fell to 4.5%, while urban joblessness rose to 6.7%. Female labour force participation climbed to 34.4%, but youth unemployment increased, highlighting concerns over job opportunities for the 15–29 age group.

Watch!
https://www.youtube.com/watch?v=zaEQJ2IF8XQ

Tata Sons AGM adjourned for first time

Why was the Tata Sons AGM adjourned?
Will N Chandrasekaran remain a Tata Sons Chairman?
https://www.livemint.com/companies/news/tata-sons-agm-adjourned-for-first-time-what-happens-to-n-chandrasekaran-now-11787065037258.html

Buying a home in Noida? 🏨

Here's all you need to know about Uttar Pradesh RERA's framework for collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers.
https://www.livemint.com/money/personal-finance/buying-home-noida-lucknow-up-rera-notifies-new-ifms-rules-amendment-protect-homebuyers-mandate-invest-fd-statement-audit-11787068190529.html

US-Iran War LIVE: Iran says ‘…will correct delusions’ as Trump backs down on Hormuz as US territory

https://www.livemint.com/news/us-news/us-iran-war-news-live-updates-donald-trump-abbas-araghchi-tehran-washington-hormuz-oman-ceasefire-west-asia-peace-talks-11787096707495.html

#WATCH | Jharkhand: Following the state government’s decision to cancel the JSSC-CGL exam, candidates who were recruited and had served in their respective posts carry out a torchlight protest in Ranchi, demanding justice.

📉Market Opening | Benchmark indices opened lower on Wednesday, with Sensex lower 80 points to 77155.17 and Nifty slipping 33 points to 24121.45, amid weak market sentiment.

Track all market updates here:
livemint.com/market

Union Parliamentary Affairs Minister Kiren Rijiju has targeted Cockroach Janta Party (CJP) founder Abhijeet Dipke alleging he is Aam Aadmi Party worker who attempted to pass himself off as a student leader in the youth-led protests at Jantar Mantar.
Dipke had previously worked with the Aam Aadmi Party before the beginning of the satirical movement, the Cockroach Janta Party, which came after Chief Justice of India Surya Kant's remarks about ‘cockroaches’ during a Supreme Court hearing.

Dipke has not been assoicated with AAP after 2023 after which he went to the US for higher studies.

Read more: https://www.livemint.com/news/india/abhijeet-dipke-is-aap-worker-how-did-he-become-a-student-kiren-rijiju-jibe-at-cjp-founder-watch-video-11787111397748.html

(Gulam Jeelani writes)

Tamil Nadu Chief Minister C Joseph Vijay has announced a five-fold increase in the annual coverage under the Chief Minister's Comprehensive Health Insurance Scheme, raising it from ₹5 lakh to ₹25 lakh.

Read more: https://www.livemint.com/news/india/tamil-nadu-cm-vijay-raises-health-insurance-coverage-from-5-lakh-to-25-lakh-11787116390067.html

Mumbai | FDA Commissioner Tukaram Munde says inspections have increased across Mumbai, with action being taken against unhygienic food practices and the use of colours in Chinese food. He also urges people to report unsanitary eateries and avoid eating there.

Patna | RJD leader Tejashwi Yadav-led a foot march towards Lok Bhavan in Patna, raising issues of paper leaks, unemployment and problems faced by students and youth in Bihar. Police used water cannons to disperse the crowd. Tejashwi Yadav alleged the action was ordered by Samrat Choudhary and said such tactics would not deter the public.

📉Market Closing | Benchmark indices closed lower on Wednesday, with Sensex slipping 325 points to 76909.68 and Nifty slipping 76 points to 24078.30, amid weak market sentiment.

Track all market updates here:
livemint.com/market

Over the next 3-5 years, India is preparing a major push to strengthen connectivity along its land and maritime frontiers.

The government is planning to build more than 5,000 kilometres of highways in border regions with a potential investment of over ₹2 trillion.

There are 2 major reasons for why this plan has been put in place.

Watch!
https://www.youtube.com/watch?v=ao5kDaUGpNA

A finance consultant has listed 14 reasons for moving back to Bhopal from Mumbai after his marriage, ranging from cheaper rent and cleaner air to shorter commutes and better work-life balance.

Read more: https://www.livemint.com/news/trends/rs-17-000-rent-17-minute-commutes-finance-consultant-shares-14-reasons-he-left-mumbai-for-bhopal-11787105305637.html

The Tamil Nadu government, led by Chief Minister Vijay, has in the last few days announced a series of major measures under Rule 110, covering milk procurement prices, medical education, healthcare infrastructure, and insurance coverage.

How CM Vijay’s latest announcements will impact public 👇
https://www.livemint.com/politics/news/tamil-nadu-rule-110-how-cm-vijay-s-latest-announcements-will-impact-the-public-tvk-dmk-stalin-mla-maternity-insurance-11787132323720.html

Indian data centre firm CtrlS has raised fresh capital from two prominent entrepreneurs. Zerodha co-founder Nikhil Kamath has invested ₹200 crore in the homegrown hyperscaler, while Sreeram Reddy Vanga has put in ₹50 crore, the company said.

https://www.livemint.com/companies/people/nikhil-kamath-invests-rs-200-crore-in-data-centre-company-ctrls-says-every-meaningful-tech-shift-runs-on-11787152051047.html

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved four railway track-quadrupling projects on the Howrah-Chennai high-density network and one highway project in Bihar, worth ₹13,041 crore.

https://www.livemint.com/news/india/cabinet-clears-13-041-crore-rail-highway-projects-11787144742339.html

Korean investors dump home stocks for US ones, buy same names at a premium | Is KOSPI-style crash coming to Wall Street?

https://www.livemint.com/market/stock-market-news/korean-investors-dump-home-stocks-for-us-buying-same-names-at-a-premium-is-wall-street-headed-for-kospi-style-crash-11787150873908.html

Iran War News LIVE Updates: Trump announces ‘most crushing economic operation ever’ against Iran

https://www.livemint.com/news/world/us-iran-uae-war-news-live-updates-trump-most-crushing-economic-operation-ever-tehran-europe-attack-11787184192374.html

#WATCH | Congress leaders Rahul Gandhi and Priyanka Gandhi pay floral tribute to their father, former Prime Minister Rajiv Gandhi on his birth anniversary, at Veer Bhumi