In an interview with Russian news agency Ria Novosti, Chinese diplomat Wang Yi stated that China is prepared to play a “constructive role” in resolving the conflict in Ukraine, while also supporting Russia in safeguarding its “interests”. Wang is currently in Moscow for discussions with Russian officials and will meet with President Vladimir Putin. Despite presenting itself as neutral in the Ukraine war, China has deepened its economic and diplomatic ties with Russia since the invasion, emphasizing a non-lethal approach unlike Western countries.
Full Article
Why many high-end luxury items are set to become costlier
Luxury Goods Attract 1% TCS Handbags, wrist watches, footwear, and sportswear priced above Rs 10 lakh will now incur a 1% tax collected at source (TCS), as detailed in an April 22, 2025 notification by the income tax department. This measure, introduced through the Finance Act 2024, aims to enhance transparency in high-value purchases, requiring PAN details at the time of sale, while the TCS paid can be credited against the buyer's final tax liability....
Read more