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Modi slams reports of a surcharge on foreign travel calling them entirely false

Modi slams reports of a surcharge on foreign travel calling them entirely false

Prime Minister Narendra Modi denied reports claiming the government plans to impose a surcharge or tax on foreign travel, calling the claims “totally false” and having “not an iota of truth.” Responding on X, he said there is no question of restricting international travel and reiterated commitments to improve ease of doing business and ease of living. The clarification comes after Modi’s earlier appeal to tackle global disruptions, supply chain strain, and rising prices linked to conflict-driven energy costs.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Fuel prices jump in West Bengal as freight costs may rise 3% transport operators warn

Fuel prices jump in West Bengal as freight costs may rise 3% transport operators warn

Transport operators in West Bengal warn that recent fuel price hikes could push overall freight costs up by about 3%. They cite sharp increases in petrol and diesel prices across major metros, with Kolkata seeing the steepest rise. Operators say the impact on transport expenses will be smaller but urge the government to stop traders from raising product prices unfairly. They also want state governments to cut local levies, estimating an added daily burden of Rs 50-60 for truckers.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Mumbai couple earns Rs 40 LPA but still can’t buy a home amid widening salary price gap

Mumbai couple earns Rs 40 LPA but still can’t buy a home amid widening salary price gap

In Mumbai, a couple earning about Rs 40 lakh annually still can’t afford a modest two-bedroom home. The reason is a widening mismatch between rising home prices and take-home pay after high living costs and taxes. With savings squeezed, buyers often face decades-long financial stress to reach homeownership, even with strong incomes.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Citadel hits back as New York mayor uses Ken Griffin name in tax fight

Citadel hits back as New York mayor uses Ken Griffin name in tax fight

Zohran Mamdani is at the center of a widening controversy after Citadel objected to New York Mayor’s use of Ken Griffin’s name in a tax push. The hedge fund claims the mayor is leveraging Griffin to support individual taxation efforts, escalating a dispute that also touches public political messaging tied to pro-Palestinian views.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Freebie debate takes center stage as Sitharaman touts leak proof delivery and export tax cuts

Freebie debate takes center stage as Sitharaman touts leak proof delivery and export tax cuts

Finance Minister Nirmala Sitharaman said the debate on freebies matters because it shapes future growth. She claimed the government has “contained the leaky bucket” process using technology so beneficiaries receive the full amount, not just a fraction. Speaking in Kakinada, she also urged removing taxes hurting exports, saying the new export policy will offer incentives to exporters.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil has fallen to a four-year low, and global rates are down nearly 30% in the last quarter. Oil marketing companies are buying cheaper crude and seeing higher margins, but retail fuel prices haven’t dropped in months. The reason: taxes and duties remain high, shielding consumers from the benefits.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Japan travel costs in 2026 surge with new lodging and departure taxes

Japan travel costs in 2026 surge with new lodging and departure taxes

Japan’s 2026 travel bill is set to rise sharply as new taxes and price hikes hit travelers across accommodation, transport, and departure fees. Kyoto and other regions are introducing lodging taxes, while the international departure tax is expected to triple. Rail pass prices are also increasing, and visa fee hikes are being discussed.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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