Economic Times Top Stories

• Tax disputes need accountability, swift resolution, say experts
• NFRA flags audit deficiencies at PwC, KPMG, EY, BDO affiliate firms; cites independence breaches and weak audit scrutiny
• I-T depart litigation success rate falls to 12% at HCs; panel flags mechanical appeals, seeks expert litigation committee
• NFRA, ICAI mull mechanism to boost regulatory coordination
• Par panel recommends 'paradigm shift' in I-T dept's litigation mechanism; suggests setting up expert panel
• Parliamentary panel urges NFRA to conduct sectoral studies, frame industry specific audit guidance
• Impact of Gulf war: Input costs make electronics, cars & more goods expensive
• India on Gas: Need a Strong Push for a Self-Reliant India
• Antrix-Devas case setback: Dutch SC upholds $111 million award

Economic Times

• RIL appoints 17 bankers for a potential Rs 40,000 crore Jio Platforms IPO
• Goldman Sachs cuts India's growth forecast to 6.4% for FY27, sees Re sliding to 95; Santanu Sengupta on the full outlook
• Rs 7 lakh crore added! Sensex surges 900 pts, Nifty reclaims 23,800 mark; 4 factors behind today's surge
• India's semiconductor push to drive $300 billion market by 2035: Report
• Airlines must make 60% of seats available without selection charges
• Sebi levies Rs 2.8 cr fine on 18 entities; debars for 5 yrs in RGRL share manipulation case
• Exporters seek 6-month loan moratorium, higher credit as $66 billion West Asia trade faces disruption
• Standard Chartered Bank settles Sebi case over FPI lapses
• Income Tax Dept sets up 24x7 control room in Assam to curb black money ahead of Assembly polls
• Health insurance priority for government, to cover all by 2033: Nirmala Sitharaman

CA Club India

• CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum
• Major GST Judgments 2026: No Tax on Member Welfare, Big Relief on ITC Claims
• ICAI Releases Revised Guidance Note on Audit of Banks 2026: Key Updates for Auditors
• GSTAT Issues New Filing Instructions for Appeals: Mandatory Documents and Pre-Deposit Rules Clarified
• Raghav Chadha Proposes Optional Joint Income Tax Filing for Married Couples in Parliament
• GST Portal Requires Confirmation of "Tax Liability Breakup" in GSTR-3B from Feb 2026
• Maharashtra Allows PAN-Based Profession Tax Payment Amid MahaGST Portal Issues
• Over 50 Lakh ITRs Revised After Tax Department Flags Bogus Deduction Claims, Refunds Drop by Rs 2000 Crore
• Rs 1.77 Crore GST Evasion Case: Police Arrest Two for Creating Fake Companies
• Income Tax Refund Delays Rise Sharply, Finance Panel Raises Concern Over 27 Lakh Pending Cases

BBC News

• PM swerves questions on whether he spoke to Mandelson over Epstein friendship
• Angela Rayner's explosive speech reignites leadership speculation
• MSP rules out reintroducing assisted dying bill after election
• Senegal government alleges corruption after Morocco awarded Africa Cup of Nations following appeal
• UK temperature reaches 19.5C in warmest day of year so far
• Ukraine faces missile shortage due to Middle East war, says Zelensky
• Demolition begins on building facade after Glasgow fire
• Adoption system leaves too many parents isolated, government admits after BBC investigation
• Iranian footballers return home after dropping Australian asylum bids
• People don't need to buy a vaccine, health secretary says