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BusinessPhoto: Deccan Herald

Income Tax Rules for Gifts During Festival Season

During the festival season, gifts such as money or gold may have tax implications under the Income Tax Act, 2025. Gifts from specified relatives like spouses, siblings, parents, and direct ancestors or descendants are exempt from tax without any limit. However, gifts from non-relatives or excluded relatives like cousins are taxable if they exceed Rs 50,000 in a year. Capital gains tax may apply even if the asset is gifted, not sold.

Deccan Herald·

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BusinessPhoto: Deccan Herald

Bengaluru Metro Pink Line Underground Cost Hits Rs 1,000 Crore per Km

The Bengaluru Metro Pink Line, under construction for over a decade, now has an underground section costing over Rs 1,000 crore per km, nearly doubling the original estimate. The 21.26-km line's cost rose from Rs 8,730 crore to Rs 17,346 crore. Its 13.76-km underground stretch will cost Rs 13,876 crore, comparable to the Rs 1,061 crore per km Hebbal-Silk Board tunnel road project. The Pink Line's cost per km also exceeds the Red Line's Phase 3A estimate.

Deccan Herald··Bengaluru

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EntertainmentPhoto: TOI Entertainment

FWICE Condemns Firing at Tiger Shroff, Demands Security

The Federation of Western India Cine Employees (FWICE) condemned the recent firing incident targeting Bollywood actor Tiger Shroff's vehicle. FWICE has called for immediate security measures to protect the actor and his family, emphasizing the need for their safety following the attack.

TOI Entertainment·

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WorldPhoto: Hindu World

Fire at Canadian Military Base Hospitalizes 39, 4 Dead

A fire at Canadian Forces Base Wainwright in Alberta on October 17, 2026, resulted in four deaths and 39 hospitalizations. Alberta Premier Danielle Smith reported that at least 19 of the hospitalized are in critical condition. The incident prompted a press conference in Edmonton on October 18, where Premier Smith and Prime Minister Mark Carney confirmed the casualties and injuries.

Hindu World··Edmonton

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PoliticsPhoto: Hindu World

Several Afghan Taliban Killed in Retaliatory Border Action by Pakistan

Several Afghan Taliban personnel were killed in a retaliatory action by Pakistani forces along the border. The firing occurred in the Taida sector, Upper Kurram, and Ghuz Garhi areas. According to security officials, the Afghan Taliban allegedly opened fire to facilitate cross-border infiltration of militants, prompting the response from Pakistan.

Hindu World·

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WorldPhoto: Deccan Herald

Indian Railways Penalizes Speaker-Mode Phone Use on Trains

Indian Railways has issued a new advisory warning passengers against using mobile phones in speaker mode on trains and railway premises. Passengers are urged to use earphones and keep conversations quiet to avoid disturbing others. Southern Railway will raise awareness via announcements and notices. Violators face fines of Rs 1,000, removal from premises, and possible imprisonment up to six months under Section 145 (2) (a) of the Railways Act.

Deccan Herald·

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