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Business

EPF Interest During Career Break May Be Taxable Despite Five-Year Rule

If you take a career break, your Employee Provident Fund (EPF) continues to earn interest. However, while the EPF balance accumulated during continuous service of five years is generally tax-exempt, the interest earned after leaving the job may be taxable as income from other sources. Tax treatment depends on the date of leaving employment and applicable rules, as per tax expert CA Chandni Anandan and ITAT rulings.

NDTV Business·

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Health

Supreme Court Quashes Bombay HC Order on Maharashtra FDA Compensation

The Supreme Court on October 5, 2026, set aside a Bombay High Court order directing the Maharashtra Food and Drug Administration (FDA) to pay ₹5 lakh compensation to a Pune-based dairy and sweets business. The business's food licence was suspended after a food poisoning complaint and inspection revealed hygiene and safety violations. The suspension was under the Food Safety and Standards Act, 2006, following unsafe food sample findings.

The Hindu··Pune

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Politics

Trump Blames Iran for Flydubai Incident; Vance Sees No Proof

US President Donald Trump stated he personally believes Iran was responsible for the September 30 Flydubai incident where Indian pilot Smit Machchar was stabbed by Omani co-pilot Hamam al-Hammami. However, US Vice President JD Vance said there is nothing conclusive linking Iran to the attack. UAE authorities continue investigating, with al-Hammami handed over to UAE after Saudi interrogation.

HT World·

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Politics

NC MP Ruhullah Meets Kashmir University Students, Calls for Student Representation

NC MP Aga Syed Ruhullah Mehdi, who plans to leave the party in November, met students at Kashmir University on October 5, 2026. He highlighted the lack of student representation since 2019, emphasizing the need for a student voice in academic and administrative matters. Ruhullah discussed reservation policy, student activism, and education in J&K during his visit to the Hazratbal campus in Srinagar.

The Hindu··Srinagar

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Politics

Shinde Meets PM Modi, Centre Assures Support for Maharashtra Farmers

Maharashtra Deputy Chief Minister Eknath Shinde met Prime Minister Narendra Modi in New Delhi on October 5, 2026, to discuss the drought crisis in Maharashtra. The Centre assured support for farmers affected by water shortages, poor agricultural conditions, and fodder scarcity. Modi sought detailed information and promised necessary assistance. Shinde expressed confidence that farmers' Diwali would not be marred by the drought.

The Hindu··New Delhi

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World

Two Dead After Ship Catches Fire and Sinks in Black Sea

On October 5, 2026, the ship Royad Mammadov caught fire and sank about 30 nautical miles south of Sfantu Gheorghe, Romania, in the Black Sea. Two crew members died, and 11 were rescued. The cause of the fire remains unknown. The incident occurred amid increasing drone attacks in the Black Sea related to the Russia-Ukraine war.

Hindu World··Sfantu Gheorghe

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