694 people were killed and 1,670 injured in Myanmar after six earthquakes, including a 7.7 magnitude one, hit near Sagaing. The junta chief declared an emergency and appealed for aid, while neighboring countries like Thailand and China also experienced strong tremors. Prime Minister Modi offered assistance, and European nations have also extended help. The devastation included collapsed buildings, a collapsed bridge, and trapped workers in Bangkok, as well as extensive damage in Myanmar’s Mandalay region.
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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....
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