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Business

Gold, Silver Imports by Banks to Attract 3% IGST from April 2026

From April 1, 2026, gold, silver, and platinum imports by banks and nominated agencies in India will attract a 3% Integrated Goods and Services Tax (IGST). Previously exempt, this change follows the government's decision not to extend the IGST exemption list beyond March 31, 2026, aiming to equalize taxes on precious metal imports and address concerns over foreign exchange outflow. Revenue Secretary Arvind Shrivastava announced this on October 8, 2026.

Hindu Business··New Delhi

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World

Malaysia PM Contacts Prabowo Over Kuala Lumpur Haze Crisis

Malaysia's Prime Minister has reached out to Indonesian President Prabowo Subianto to discuss joint efforts to address the severe haze affecting Kuala Lumpur and other areas. The thick smog is caused by weeks of wildfires burning large parts of Indonesia, impacting air quality in the neighboring country.

Mint··Kuala Lumpur

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World

Israel to Honor Capt Smit for Bravery in Flydubai Cockpit Attack

Israel announced that Captain Smit Machchhar will receive a prestigious Presidential Award for his bravery in preventing a potential disaster on Flydubai flight FZ1073. He acted decisively against a radicalized co-pilot. Six Israeli passengers also helped foil the hijack attempt. This heroic act has prompted a wider investigation into the attack's circumstances.

Times of India·

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Politics

UK Arrests Two Latvians Near RAF Molesworth NATO Base

Two Latvian nationals were arrested by UK authorities inside the perimeter of RAF Molesworth, a base 112 km north of London. The base is operated by the U.S. Air Force and hosts the NATO Intelligence Fusion Centre, which supports the Supreme Allied Commander in Europe with intelligence.

Hindu World·

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Entertainment

Bengaluru Concert to Explore the Magic of Twin Ragas

Renowned Hindustani classical vocalist Padmini Rao will perform 'Swarantar- A Mosaic of Melodies' on October 14 at Bangalore International Centre, Domlur. The 90-minute concert will showcase twin ragas, differing by a single swara but evoking distinct emotions. Accompanied by Madhusudan Bhat on harmonium and Gurumurthy Vaidya on tabla, the event aims to reveal subtle musical nuances. Entry is free with RSVP.

Deccan Herald··Bengaluru

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Technology

Elon Musk Questions Ambani's Role in Starlink India Entry

Elon Musk expressed concerns about regulatory hurdles delaying Starlink's launch in India, suggesting influential figures like Ambani might be obstructing the process. The Indian government denied these claims, emphasizing its fair and non-discriminatory regulatory approach. Meanwhile, companies such as Reliance Jio and Eutelsat OneWeb are also seeking approval to provide satellite services in India.

TOI Business·

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