Government employees cannot be denied pension and other retirement benefits solely because they remained absent from work without sanctioned leave, the Orissa High Court has ruled. The court held that unauthorised absence, by itself, does not amount to grave misconduct warranting compulsory retirement unless the employer establishes that the absence was wilful. The judgment came…
Using his personhood; SNAP redemptions; Ponzi-like payments; and other highlights of recent tax cases. Processing Content Fort Myers Florida: Luis Emilio Hernandez, 45 of Naples, has been sentenced to four years in federal prison for wire fraud and illegal monetary transactions. The court also entered an order of forfeiture in the amount of $1,261,019, the…
Imagine asking your AI assistant to book a Mumbai-Delhi flight for next Tuesday, and it doesn’t just show you options—it picks the best option on its own, fills in your details, and pays for it, all without you doing anything beyond giving the prompt. Today, artificial intelligence (AI) agents can already search, compare…
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
Taxpayers with a total income exceeding ₹1 crore have to adhere to an additional compliance requirement while filing their income tax return (ITR). Besides reporting their income, they must also disclose their assets and liabilities under Schedule AL of the relevant ITR form. This step is particularly important because incorrect or incomplete disclosures can attract…
Israeli attacks in Gaza kill five people, including a girl, say medics
2 min read Last Updated : Jul 12 2026 | 7:37 PM IST The advertising and publicity expenses of life insurance companies declined in 2025-26 (FY26) compared to FY25, owing to a drop in these expenses of private life insurers. According to experts, private life insurers cut their expenses post the goods…
New Syrian parliament meets for first time in Damascus
The Finance Ministry in April announced 2% increase in Dearness Allowance (DA) for central government employees and pensioners, with effect from 1 January 2026, effectively taking DA to 60% of basic pay from 58%. Notably, DA is a percentage of employees’ pay aimed at helping households manage the increased cost of living. It is provided…
Micron: The Mirage Of A Single-Digit P/E Ratio