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As the deadline for filing Income Tax Returns (ITR) for the assessment year 2025-26 approaches, the Income Tax Department is set to target around 25,000 high-risk cases in its first phase of a Nudge Campaign aimed at encouraging the disclosure of foreign assets. The Central Board of Direct Taxes (CBDT) revealed that these cases, identified through the Automatic Exchange of Information for FY25, have not reported foreign assets, risking penalties of up to ₹10 lakh, alongside tax and interest penalties. Starting November 28, affected taxpayers will receive text messages and emails urging them to revise their returns by December 31 to avoid penalties. A second phase of the campaign will commence in mid-December, expanding to include additional cases, particularly large corporates with employees holding undisclosed foreign assets. The previous year's campaign successfully prompted over 24,600 taxpayers to disclose foreign assets worth ₹29,000 crore. 
Published: Nov 27 2025, 6 pmeznews.inPrime Minister Narendra Modi has unveiled Vikram-I, the first orbital launch vehicle from Skyroot Aerospace, during a virtual event in New Delhi, marking a significant milestone in India's space sector. Modi announced plans to open the nuclear sector to private players, aiming to enhance the country's energy security and technological leadership. He emphasized the government's commitment to reform, which includes amending the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to facilitate private sector participation in nuclear research and development. India aims to achieve 100 gigawatts of nuclear power capacity by 2047, necessitating a skilled workforce, as highlighted by a recent Power Ministry committee. The government has allocated ₹20,000 crore for research on small modular reactors, with a goal of operationalizing five indigenous units by 2033. Modi also praised the burgeoning space start-up ecosystem, which has grown to over 350 companies in just five years.
Published: Nov 27 2025, 6 pmeznews.inThe Reserve Bank of India (RBI) has reported a slowdown in the All-India House Price Index (HPI), which rose by 2.2% in the second quarter of the fiscal year 2025-26, down from 7% in the same period last year. The HPI, compiled quarterly from transaction-level data across 18 major cities, now uses a new base year of 2022-23, replacing the previous base year of 2010-11. Notably, cities such as Nagpur, Ghaziabad, and Chandigarh contributed to the overall increase, despite a decline in the index from 113.4 to 112.7 compared to the previous quarter, largely due to decreases in Kolkata, Chennai, and Lucknow. On a quarter-on-quarter basis, the index fell by 0.6%. The RBI's report highlights the varying dynamics of the housing market across different regions in India.
Published: Nov 27 2025, 7 pmeznews.inIndia and the UAE have conducted a comprehensive review of their Comprehensive Economic Partnership Agreement (CEPA), which has boosted bilateral trade to $100 billion in FY25 but also widened India's trade deficit to $26.77 billion, primarily due to increased gold and silver imports. During the third joint commission meeting, Indian officials informed their UAE counterparts about measures to prevent circumvention of CEPA rules regarding precious metal imports. Discussions covered market access, data sharing, and the allocation of gold tariff rate quotas (TRQ). India has shifted to a competitive bidding process for TRQ allocation, requiring BIS registration and valid GST registration for applicants. The meeting concluded with both nations agreeing to enhance trade facilitation and regulatory collaboration. The UAE delegation's visit highlighted a mutual commitment to balance trade and strengthen their strategic partnership under CEPA, which has been in effect since May 2022.
Published: Nov 27 2025, 7 pmeznews.inIndia's food service market is projected to exceed $125 billion by 2030, driven by a significant shift towards the organised sector, which is expected to double and surpass the unorganised segment, according to a report by Swiggy and Kearney. The market, valued at $49 billion in 2019, is anticipated to reach $78 billion by 2025. The report highlights that the organised segment will contribute over 60% of the growth, fueled by rising incomes, digital adoption, and a growing appetite for convenience. Unique cuisine orders per customer have surged by 20%, while healthy meal options are growing at 2.3 times the overall orders. The rediscovery of regional cuisines and the embrace of global culinary diversity are also notable trends, with hyper-regional dishes and international cuisines gaining popularity. Dining-out growth is expanding beyond major cities, particularly among Gen Z consumers, who are driving demand for innovative dining experiences.
Published: Nov 27 2025, 5 pmeznews.inIn a significant development, RateGain Travel Technologies Limited has announced the extension of its partnership with Singapore Airlines for its AirGain pricing intelligence platform for an additional four years. This renewal follows a successful seven-year collaboration that began in January 2018. AirGain, an AI-driven solution, offers the airline real-time competitive fare monitoring and revenue optimisation tools, enabling it to adapt pricing strategies based on market dynamics. The extended contract will enhance Singapore Airlines' access to AirGain’s global coverage and advanced analytics, including features like the Route Performance Digest and the VUE platform. Vinay Varma, Senior Vice President at AirGain, highlighted that this renewal underscores Singapore Airlines' confidence in their solutions. Meanwhile, RateGain's shares closed at ₹707.00 on the NSE, reflecting a decline of 2.13%. The company serves over 3,200 clients worldwide, including major players in the travel and hospitality sectors.
Published: Nov 27 2025, 4 pmeznews.inThe Union Environment Ministry has approved a ₹136-crore luxury airport hotel project by Adani Airport Holdings at Thiruvananthapuram International Airport, set to occupy an 8,000 sq metre area currently used for parking. The hotel will feature 240 guest rooms and dining facilities, creating 300 direct jobs and 900 indirect opportunities. This development is expected to enhance the airport's appeal to seafarers, particularly with the recent Immigration Check Post status granted to the nearby Vizhinjam International Container Terminal, facilitating crew changes. The proximity of the airport and seaport positions Thiruvananthapuram as a unique destination in Asia for such operations, potentially increasing international passenger traffic. Local business leaders emphasize that the hotel will support the city’s transformation into a hub for advanced industries, bolstered by ongoing developments in maritime, technology, and research sectors, thereby enhancing the overall visitor experience and infrastructure readiness.
Published: Nov 27 2025, 4 pmeznews.inA report from the Finance Ministry suggests that India's economic growth rate for the July-September quarter (Q2 of Fiscal Year 2025-26) could range between 7% and 7.5%. The official growth data will be released by the Statistics Ministry on Friday. The Monthly Economic Review highlights that various independent assessments support this growth forecast, attributing it to stable inflation, resilient domestic demand, and supportive policies, despite global uncertainties. The Reserve Bank of India projects a 7% growth rate, while SBI anticipates a potential upside to 7.5%. The report notes that the recent GST rate cuts have positively impacted consumption, alongside robust agricultural activity. Inflation has dropped to a record low of 0.25% in October, aided by lower food prices and GST adjustments. While the external sector faces challenges, the overall economic environment remains stable, positioning India to maintain its growth momentum through the fiscal year.
Published: Nov 27 2025, 3 pmeznews.inKaushalya Logistics has appointed Rajendra Singh Shekhawat as its new Chief Executive Officer, tasked with enhancing the company's network of carrying and forwarding agents and strengthening partnerships with leading cement brands. Shekhawat, who brings over 24 years of experience in the cement and logistics sectors, is expected to improve distribution efficiency, increase process transparency, and elevate customer experiences while building a future-ready supply chain through scalable systems and technology. Uddhav Poddar, Managing Director of Kaushalya Logistics, highlighted Shekhawat's deep understanding of the cement supply chain ecosystem as a key asset for the company's expanding operations. Shekhawat's previous roles include senior positions at major cement firms, such as Assistant Vice President at Wonder Cement and Vice President at JK Cement, where he has successfully established logistics startups and developed high-performance teams. Kaushalya Logistics operates across 116 locations, serving several prominent cement manufacturers in India.
Published: Nov 27 2025, 3 pmeznews.inA recent report from India's Finance Ministry highlights the positive effects of Goods and Services Tax (GST) rationalisation on consumer spending, predicting that its full impact will become clearer in the next two quarters. The Monthly Economic Review for October indicates that the GST reforms, which reduced rates on 375 items, have significantly boosted household disposable incomes and consumption, contributing to a record low retail inflation of 0.25% in October. High-frequency indicators, such as increased e-way bill generation and robust festive-season sales, reflect improved demand across urban and rural sectors. Despite global uncertainties, including trade policy shifts and geopolitical tensions, the Indian economy is projected to maintain a growth rate of 7-7.5% for Q2 FY26, supported by stable inflation and strong domestic demand. The report also emphasizes the need for structural reforms to enhance job creation, citing the implementation of four new Labour Codes aimed at modernising the workforce.
Published: Nov 27 2025, 2 pm
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