South Korea: President Lee unveils $22.1bn stimulus package to revive economy
https://timesofindia.indiatimes.com/business/international-business/south-korea-president-lee-unveils-22-1-billion-stimulus-package-to-revive-economy-slashes-revenue-outlook-ramps-up-spending/articleshow/121991634.cms

South Korean President Lee Jae Myung has unveiled a substantial USD 22.1 billion supplementary budget to invigorate the nation's economy and aid struggling citizens. Approved by the Cabinet, the plan involves new spending and revised revenue projections. A key feature is a universal cash handout, with citizens receiving a minimum of 150,000 won.

Report: India’s economic rise must now translate into individual prosperity
https://timesofindia.indiatimes.com/business/india-business/report-indias-economic-rise-must-now-translate-into-individual-prosperity-growth-yet-to-reflect-in-per-capita-income/articleshow/121991968.cms

India's GDP has surged globally, yet per capita income lags, prompting a call for inclusive growth. A Llama Research report emphasizes shifting focus from macro achievements to individual prosperity. Despite challenges like global trade uncertainties, India's strong policy framework and digital formalization offer tailwinds for sustained economic advancement and improved living standards.

Reducing acute dependence, countering China’s near monopoly: India readies Rs 5,000 crore scheme for rare earth minerals
https://timesofindia.indiatimes.com/business/india-business/reducing-acute-dependence-countering-chinas-near-monopoly-india-readies-rs-5000-crore-scheme-for-rare-earth-minerals/articleshow/121988868.cms

India is looking to reduce its reliance on China for rare earth minerals with a Rs 3,500-Rs 5,000 crore scheme to boost domestic production. This initiative comes as China's export restrictions on rare earths have raised concerns in the Indian automotive and renewable energy sectors.

Emcure stake buy: Pharma firm to acquire 20.42% in Zuventus for Rs 724.9 crore; full ownership to aid consolidation
https://timesofindia.indiatimes.com/business/india-business/emcure-stake-buy-pharma-firm-to-acquire-20-42-in-zuventus-for-rs-724-9-crore-full-ownership-to-aid-consolidation/articleshow/121994554.cms

Emcure Pharmaceuticals will acquire the remaining 20.42% stake in Zuventus Healthcare for ₹724.9 crore, making it a wholly-owned subsidiary. The board has approved the acquisition from minority shareholders, with the transaction expected to close in the September quarter of FY26.

BRICS summit in Rio: Bloc may push trade in local currencies, countries differ on common currency; India says discussions still at 'early stage'
https://timesofindia.indiatimes.com/business/international-business/brics-summit-in-rio-bloc-may-push-trade-in-local-currencies-countries-differ-on-common-currency-india-says-discussions-still-at-early-stage/articleshow/121994756.cms

Ahead of the BRICS summit in Rio de Janeiro, member nations are set to intensify trade settlements in their own currencies, although a unified BRICS currency isn't imminent. Diplomats emphasized that BRICS aims for mutual respect and non-interference, not as an anti-West coalition. Discussions on a common currency are preliminary, with focus on national currency trade.

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/income-tax-return-fy-2024-25-are-capital-gains-from-mutual-funds-taxed-differently-under-new-old-regime-what-taxpayers-should-know-about-new-ltcg-stcg-rules/articleshow/121995606.cms

When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these gains. Long-term gains from equity funds are taxed at 12.50% (exceeding Rs 1.25 lakh), while short-term gains are taxed at 20%.

Centre-state mango relief: Karnataka growers to be paid for price fall on 2.5 lakh tonnes; price fall prompts joint compensation plan
https://timesofindia.indiatimes.com/business/india-business/centre-state-mango-relief-karnataka-growers-to-be-paid-for-price-fall-on-2-5-lakh-tonnes-price-fall-prompts-joint-compensation-plan/articleshow/121996244.cms