Business
Starbucks Workers United holds rally in NYC as strikes continue for a third week
NEW YORK — Starbucks Workers United held a rally outside the Empire State Building on Thursday as its open-ended strike entered its third week and no signs of an impending resolution.
Adding to the crunch of holiday shoppers and tourists, several hundred picketers gathered outside of the famous landmark, which is also the site of a swanky three-floor Starbucks Reserve location and the company’s regional headquarters.
Members of other unions, like the AFL-CIO and Service Employees International Union, which is affiliated with Workers United, protested alongside baristas, chanting “No coffee, no contract” and “What’s disgusting? Union busting” between speakers.
“Their fight is a fight really for all of us, to workers across the country, to corporations like Starbucks, across the country that workers are fed up with the status quo, and they’re not going to take it anymore,” SEIU President April Verrett told CNBC.
Twelve demonstrators were arrested for blocking the building’s entrance.
Baristas launched the strike on Starbucks Red Cup Day last month, seeking new proposals from the company that address its top issues to finalize a contract. Those include improved hours, higher wages and the resolution of hundreds of unfair labor practice charges levied against Starbucks.
Out of the 145 locations involved in the strike, 55 remain closed, according to a company spokesperson.
The two parties have not been in active negotiations to reach a contract after talks between them fell apart late last year. The strikes have not changed that fact so far.
While the strike has injected uncertainty into Starbucks’ busy holiday season, the company has said its sales haven’t been affected. CEO Brian Niccol told employees that Red Cup Day was its strongest in history.
A successful holiday season will be key to the chain’s turnaround under Niccol. Starbucks broke a nearly two-year streak of same-store sales declines in its most recently reported quarter. Past strikes have impacted less than 1% of its stores, the company said.
The New York City rally comes after the company paid $38.9 million to settle violations of the city’s Fair Workweek Law. Other large restaurant employers, like Chipotle, have previously run afoul of the law, which Starbucks said is “notoriously challenging” to navigate.
The city’s Department of Consumer and Worker Protection found Starbucks committed half a million violations of the law since 2021. The Fair Workweek law requires regular scheduling week to week, mandates schedules be provided 14 days in advance and says hours cannot be reduced by more than 15% without legitimate business reasons.
DCWP Commissioner Vilda Vera Mayuga, who spoke at Thursday’s rally, said the timing of the record-breaking settlement with the ongoing strike was coincidental.
“While the NYC laws remain unchanged and complex, our focus hasn’t shifted – we’re committed to creating the best job in retail and to ensuring our practices follow all laws,” Starbucks said in a statement.
The city’s current Mayor Eric Adams and Mayor-elect Zohran Mamdani have rallied behind striking workers. Mamdani joined Sen. Bernie Sanders, I-Vt., alongside baristas in Brooklyn earlier this week.
Both Starbucks and the union have pointed blame at the other for failing to reach a bargaining agreement and maintain they are ready to speak when the other is. The two parties entered into mediation in February, and hundreds of barista delegates voted down the economic package Starbucks proposed in April.
The company has said it is investing $500 million to improve the employee experience as part of its “Back to Starbucks” strategy. That investment includes upgrading its scheduling technology and adding more baristas to rosters.
“As we’ve said, 99% of our 17,000 U.S. locations remain open and welcoming customers —including many the union publicly stated would strike but never closed or have since reopened. Regardless of the union’s plans, we do not anticipate any meaningful disruption. When the union is ready to return to the bargaining table, we’re ready to talk,” spokesperson Jaci Anderson said in a statement.
Business
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams – The Times of India
NEW DELHI: The Income Tax Department has issued a public advisory cautioning taxpayers, especially senior citizens, against fraudulent emails, SMS messages, and websites impersonating the Department to steal personal and financial information.In an official awareness message shared by the Income Tax Department, Government of India, on X, taxpayers have been urged to remain vigilant and verify the authenticity of all communications claiming to be from tax authorities.Fraudsters, the Department warned, are increasingly using fake sender IDs, misleading links and look-alike websites to trick individuals into revealing sensitive details such as PAN numbers, passwords and one-time passwords (OTPs).The Department has reiterated that taxpayers should access tax-related services only through the official portal https://www.incometax.gov.in.Any other website resembling the official domain–such as variations using “efiling” or altered spellings–should be treated as suspicious.“Think Twice, Act Wise,” the advisory reads, emphasising that the Income Tax Department never asks for OTPs, passwords or confidential personal information via email, SMS or phone calls. Taxpayers are advised to always check the sender’s email address and website domain carefully before clicking on any link.To strengthen public awareness, the Department has also encouraged citizens to report suspicious activity. Suspected phishing emails can be forwarded to webmanager@incometax.gov.in, with a copy marked to incident@cert-in.org.in, the national cyber incident response agency.For assistance, taxpayers may also contact the official helpdesk at 1800 103 0025 or 080 46122000.The campaign is part of the government’s broader effort to promote cyber hygiene and protect citizens from digital fraud, particularly vulnerable groups such as senior citizens. The Income Tax Department has urged people to share the message widely to safeguard family members and loved ones.“Think before you click–stay tax smart, stay safe,” the Income Tax Department advised, reinforcing that awareness and caution remain the strongest defences against online tax scams. (ANI)
Business
Refund Delay 2025: A Step-By-Step Guide To Check Income Tax Payout Status
Last Updated:
The income tax department is analysing certain refund claims flagged by the system, either because they were “high-value” or due to deductions that required deeper scrutiny.
Income Tax Refund Delay.
Even as the income tax department ups its ante against the fake deductions, a section of taxpayers are still awaiting their tax return for this year. The refund delay 2025 comes even as the department is scrutinising bogus tax claims “red-flagged” by the system. Ravi Agrawal, chairman of the Central Board of Direct Taxation (CBDT), has said that the refunds would be cleared in December.
In November, the CBDT chairman said the department was analysing certain refund claims flagged by the system, either because they were “high-value” or due to deductions that required deeper scrutiny. He added that taxpayers have been advised to “file a revised return” wherever discrepancies exist.
When are income tax refunds usually issued?
Refund processing begins only after an ITR is successfully e-verified. Once that is done, the income tax department generally credits the refund within four to five weeks, as per the department’s guidelines.
This timeline is followed in most cases. When delays occur, they typically stem from common issues such as:
• An unvalidated bank account (mandatory for receiving refunds)
• An incorrect or inactive IFSC code
• A mismatch between the taxpayer’s name and the PAN details
• A discrepancy between the ITR and data in Form 26AS or the AIS
Missing an email or notification seeking clarification can also pause processing entirely.
How to check your income tax refund status
The refund status can be tracked anytime through the income tax portal. Here’s the step-by-step process:
Visit the portal at: eportal.incometax.gov.in/iec/foservices/.
Go to the e-Filing homepage.
Log in using your user ID and password.
Navigate to: e-File → Income Tax Returns → View Filed Returns
Select the relevant assessment year and click View Details.
This page will show whether your refund has been issued, is under review, or is pending due to additional information required.
Why are ITR refunds delayed in 2025?
Most delays arise from banking or identity-related discrepancies — wrong bank account numbers, invalid IFSC codes, unvalidated accounts, or PAN-Aadhaar linkage issues.
Refunds are also held back when deductions appear inaccurate or require supporting documentation. In such cases, the system routes the return for additional checks.
Mismatches between Form 16, Form 26AS and the AIS are another common trigger. Returns pulled into manual verification naturally take longer to process.
For a majority of taxpayers, refunds arrive within the usual four-five weeks. For others, the processing time depends on how quickly verification, bank detail correction, or responses to notices are completed. Ensuring that all records match and regularly checking the portal remain the easiest ways to avoid further delay.
December 13, 2025, 15:46 IST
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Business
Home loan EMIs to get cheaper? SBI passes on RBI’s 25 bps repo rate cut benefits; check the new rates – The Times of India
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing borrowing costs and lowering EMIs for both retail and corporate customers.The public sector entity slashed the MCLR, EBLR and RLLR rates and revised the BPLR and base rates, according to ET.Herre are the new rates:
MCLR rates revised across tenors
SBI has cut its Marginal Cost of Funds-based Lending Rate (MCLR) across these tenors:Short-span
- Overnight and one-month MCLR: Reduced from 7.90% to 7.85% each.
- Three-month MCLR: Cut from 8.30% to 8.25%
- Six-month MCLR: Now at 8.60%, down from 8.65%
Long-term
- One-year MCLR: Lowered from 8.75% to 8.70% (widely used for retail loans)
- Two-year MCLR: Reduced from 8.80% to 8.75%, according to ET.
- Three-year MCLR: Now 8.80%, down from 8.85%
Effective 15 December this year, SBI also revised its External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR):EBLR ratesDown from 8.15% + Credit Risk Premium (CRP) + Bank Spread (BSP) to 7.90% + CRP + BSP, reducing the benchmark by 25 basis points. The final interest rate payable will depend on the borrower’s CRP and the bank’s BSP.RLLR ratesFrom 7.75% + CRP, the figure came to 7.50% + CRP, reflecting a 25-basis point cut. Borrowers with EBLR- and RLLR-linked loans will see a decline in interest rates and EMIs based on their loan conditions and risk category, ET reported.BPLR ratesSBI has also revised its Benchmark Prime Lending Rate (BPLR) to 14.65% per annum.Base rate adjustmentsThe bank also cut it base rate to 9.90%, effective from 15 December 2025.
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