December 13, 2025

CBDT Sends Alerts to Taxpayers Over Bogus Donation Claims to Fake Political Parties

Income Tax department warns taxpayers about fake deduction claims related to unrecognised political parties and bogus charities. SMS and email advisories are sent since December 12, urging corrections to avoid penalties.

December 13, 2025

J&J Ordered to Pay $40 Million in Ovarian Cancer Baby Powder Case

A California jury has ruled that Johnson & Johnson must pay $40 million to two women who blamed their ovarian cancer on decades of using J&J’s talc-based baby powder. The company says its products are safe and plans to appeal.

December 13, 2025

EU Freeszes €210bn Russian Assets Indefinitely to Help Ukraine; Russia Sues Euroclear

The EU has decided to freeze €210bn of Russian assets indefinitely to support Ukraine. Russia countered by suing Euroclear, which holds the frozen funds. The move removes six-month renewals, blocking veto threats, but some EU countries like Belgium remain cautious.

December 12, 2025

Labour Ministry: PF Contributions Over ₹15,000 Wage Are Voluntary, No Take-Home Pay Cut

The Union Labour Ministry clarified that PF contributions beyond ₹15,000 wage limit are voluntary under new social security codes. It assured no reduction in take-home pay. Pension groups demand higher pensions for low earners.

December 12, 2025

ATO's $500,000 Outsourcing Cut Target Criticized as 'Woefully Inadequate'

The Australian Taxation Office aims to cut outsourcing by just $500,000 this year. Critics call this tiny reduction disappointing amid government calls to bring more work in-house and reduce contractor use.