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BusinessPhoto: Amar Business

SBI Economists Demand Removal of LTCG Tax on Equity to Reduce Capital Outflow

SBI economists have urged the government to abolish the 12.5% long-term capital gains (LTCG) tax on equity investments to encourage long-term market participation and stabilize volatile foreign capital flows. Their 'Ecorap' report highlights that removing this tax could reduce sudden capital outflows, which have already exceeded ₹3 lakh crore this year, and ease pressure on the rupee. They also suggest extending the holding period to 2-3 years.

Amar Business·

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WorldPhoto: The Hindu

SPMVV and NIELIT Tirupati Collaborate to Enhance Digital Learning

Sri Padmavati Mahila Visvavidyalayam (SPMVV) and NIELIT Tirupati Centre signed two MoUs to promote digital learning and industry-oriented skill development. The collaboration aims to enhance technical competencies and expand skill-development opportunities for students using the NIELIT Digital University platform. The agreement was signed by SPMVV Vice-Chancellor Prof. Uma Vennam and NIELIT Tirupati Centre Director Sasi Kumar Gera in Tirupati.

The Hindu··Tirupati

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SportsPhoto: Hindu Sport

Gharami and Porel Score Unbeaten Centuries to Lead Bengal

Sudip Gharami and Abishek Porel scored unbeaten centuries to give Bengal a crucial 64-run first innings lead over Delhi in their Ranji Trophy Group-C match at Bengal Cricket Academy ground. Bengal ended day two at 304 for three, with Gharami scoring 122 and Porel 114, sharing an unbroken 199-run partnership. The match saw key moments including captain Abhimanyu Easwaran's dismissal and debutant Ankur Paul's catch.

Hindu Sport··Kalyani

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PoliticsPhoto: Hindustan Times

Teen Driver's Friends Arrested After Fatal Mini Cooper Crash in Kochi

Kerala police arrested two more individuals linked to the Mini Cooper crash that killed three near Cochin International Airport. The 19-year-old driver, Suhail Sajeev, was drunk and speeding at 120 km/h when the car hit a scooter carrying Iyas, Devika, and Gopika, who later died. The arrested friends were charged with abetting and caught after fleeing the scene in Alappuzha district.

Hindustan Times··Kochi

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BusinessPhoto: Business Standard

FM Sitharaman Calls for Global Action on Steel Overcapacity

Union Finance Minister Nirmala Sitharaman urged multilateral action to tackle global steel overcapacity, stating that unilateral tariffs only shift surplus steel between markets. Speaking at the World Steel Association's General Assembly in New Delhi, she emphasized the need for multilateral disciplines on subsidies and transparent data. She also invited worldsteel to open an office in India, highlighting India's role as the largest growth source in global steel demand.

Business Standard··New Delhi

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PoliticsPhoto: News18

Political Debate Intensifies Over Anti-Government Protests in India

A heated political debate has erupted in India over anti-government protests, with leaders accusing each other of intimidation, foreign influence, and calls for revolutionary change. The confrontation highlights questions about the opposition’s strategy and the government’s handling of dissent. Supporters see the protests as legitimate demands for accountability, while critics warn of escalating political tensions due to certain rhetoric and tactics.

News18·

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