India’s diamond exports to the US have significantly declined due to a 50% tariff, impacting the industry. Despite this, stakeholders remain hopeful for a trade deal that would eliminate tariffs on natural diamonds. The US remains a crucial market, with India poised to become the second-largest consumer of natural diamonds globally.

Indian tax authorities have highlighted significant risks associated with virtual digital assets like crypto, echoing the Reserve Bank of India’s concerns. The anonymous and borderless nature of these assets, coupled with offshore platforms, makes tracking taxable income and beneficial owners extremely difficult. Jurisdictional challenges further complicate tax recovery, prompting authorities to implement safeguards like TDS

Samsung Electronics is building a future of AI living. At CES 2026, the company revealed its vision for AI companions. These will offer unified and personal experiences across mobile, displays, and home appliances. Samsung aims to make AI a trusted assistant, enhancing daily life and reducing chores. SmartThings already connects millions globally, paving the way

The Reserve Bank of India has proposed new rules to control bank dividend payouts, tying them to capital adequacy, asset quality, and profits starting FY27. Banks must meet stringent capital requirements and demonstrate healthy profits to distribute dividends. This move aims to strengthen the banking sector’s financial resilience and ensure stability across the system.

Finance minister Nirmala Sitharaman is preparing for her ninth consecutive budget with a team featuring a blend of experienced and new officials. For the first time in recent years, the budget exercise will be coordinated by Anuradha Thakur, as there is no finance secretary.