In 2005, the landowners and the same builder executed a registered joint development agreement (JDA). Under the arrangement, the builder was granted development rights and a Power of Attorney (POA) was executed for various purposes. The builder also paid the landowners a refundable, interest-free deposit of Rs 37.25 lakh.

Oil prices today: Brent crude declines as Trump announces Russia-Ukraine energy truce
https://timesofindia.indiatimes.com/business/international-business/oil-prices-today-brent-crude-declines-as-trump-announces-russia-ukraine-energy-truce/articleshow/134882273.cms

Retail inflation at almost 2-year high at 5.54% in September, driven by food prices surge
https://timesofindia.indiatimes.com/business/india-business/retail-inflation-at-almost-2-year-high-at-5-54-in-september-driven-by-food-prices-surge/articleshow/134890491.cms

Retail inflation in India reached 5.54% in September, mainly spurred by rising food costs. Food inflation escalated to 7.74%, the highest recorded since the new CPI series was launched. The price of onions skyrocketed, while some items, like potatoes and tomatoes, saw price drops. Puducherry recorded the highest inflation rate at 6.86%, followed by Tamil Nadu.

IIT-B report wants UPI MDR cut; says banks should forgo their share
https://timesofindia.indiatimes.com/business/india-business/iit-bombay-report-recommends-cutting-upi-mdr-from-0-4-to-0-08-says-banks-should-give-up-their-share-as-they-earned-rs-4-85-lakh-crore-from-casa-deposits-in-fy26/articleshow/134885653.cms

The study recommends setting the MDR share for TPAPs at 0.06%, lower than the 0.08% proposed by the National Payments Corporation of India (NPCI), while keeping the PSP share unchanged at 0.02%. Under the existing arrangement, banks that issue and acquire transactions collectively receive the bulk of the revenue, with a 70% share split between them

Bank cut Rs 5.89 crore FD rate from 7.75% to 3.5%; Court orders higher interest
https://timesofindia.indiatimes.com/business/india-business/rs-5-89-crore-fd-interest-slashed-from-7-75-to-3-5-without-notice-delhi-high-court-rejects-banks-non-renewal-argument-and-orders-interest-at-an-average-of-earlier-rates/articleshow/134889151.cms

Initially, the FD earned interest at rates of 7.75%, 8.25% and 7.75% over different periods. However, from January 30, 2018, the bank lowered the rate to 3.5%. Challenging the reduction, the deposit holder approached the court again, arguing that the bank had cut the interest rate without any valid reason or justification.

SBI Research recommends LTCG on equities to be scrapped; calls for DTAA clarity
https://timesofindia.indiatimes.com/business/india-business/abolish-long-term-capital-gains-tax-for-equity-sbi-research-recommends-says-government-must-anchor-hot-money-flows/articleshow/134897118.cms

The proposal is aimed at making foreign capital flows into equities more stable and limiting the chances of abrupt withdrawals that could put pressure on the rupee. Foreign portfolio investors (FPIs) currently face a 12.5% LTCG tax on equity investments. The Union Budget 2026 retained this rate for listed shares and equity mutual funds, continuing the tax framework introduced as part of a major fiscal overhaul in 2024.

He gave land given for road widening, sold TDRs for Rs 6.02 crore; ITAT taxes capital gains
https://timesofindia.indiatimes.com/business/india-business/he-gave-up-his-land-for-road-widening-and-got-tdrs-which-he-sold-for-rs-6-02-crore-to-a-builder-landowner-gets-tax-notice-itat-rules-proceeds-taxable-as-capital-gains-but-allows-land-cost-deduction/articleshow/134894775.cms

The landowner chose to sell the TDRs he had received for surrendering 2,839 square metres of land. He sold them to a builder for Rs 6 crore but did not pay income tax on the proceeds. His understanding was that the amount received from the sale was a capital receipt and was therefore not taxable.

Despite volatility in September, SIP flows hit new high of 32.5k crore
https://timesofindia.indiatimes.com/business/india-business/despite-volatility-in-september-sip-flows-hit-new-high-of-32-5k-crore/articleshow/134901887.cms