Business
UK social media campaigners among five denied US visas
Two British campaigners are among five people denied US visas after the State Department accused them of seeking to “coerce” American tech platforms into suppressing free speech.
Imran Ahmed, an ex-Labour adviser who now heads the Centre for Countering Digital Hate (CCDH), and Clare Melford, CEO of the Global Disinformation Index (GDI), were labelled “radical activists” by the Trump administration and banned from entering the US.
A French ex-EU commissioner and two senior figures at a Germany-based anti-online hate group were also denied visas.
European leaders have condemned the measures, while the UK government said it is “fully committed” to upholding free speech.
“While every country has the right to set its own visa rules, we support the laws and institutions which are working to keep the internet free from the most harmful content,” a UK government spokesperson said.
French President Emmanuel Macron described the travel ban as “intimidation and coercion aimed at undermining European digital sovereignty” while the EU’s foreign policy chief Kaja Kallas said it was “unacceptable and an attempt to challenge our sovereignty”.
The US billed the measures as a response to people and organisations that have campaigned for restrictions on American tech firms, with Secretary of State Marco Rubio saying they belonged to a “global censorship-industrial complex”.
He said: “President Trump has been clear that his America First foreign policy rejects violations of American sovereignty. Extraterritorial overreach by foreign censors targeting American speech is no exception.”
Ahmed from the CCDH, which says it advocates for government action against hate speech and disinformation online, has links to senior Labour figures. He was previously an aide to Labour minister Hilary Benn, and Sir Keir Starmer’s chief of staff Morgan McSweeney has served as a director of the group he founded.
The US government labelled Ahmed a “collaborator” for the CCDH’s purported past work with the Biden administration. BBC News has contacted the CCDH for comment.
Melford founded the GDI, a non-profit that monitors the spread of disinformation, in 2018.
US Undersecretary of State Sarah B Rogers accused the GDI of using US taxpayer money “to exhort censorship and blacklisting of American speech and press”.
A GDI spokesperson told the BBC that “the visa sanctions announced today are an authoritarian attack on free speech and an egregious act of government censorship”.
“The Trump Administration is, once again, using the full weight of the federal government to intimidate, censor, and silence voices they disagree with. Their actions today are immoral, unlawful, and un-American.”
Also targeted was Thierry Breton, the former top tech regulator at the European Commission, who suggested that a “witch hunt” was taking place.
Breton was described by the State Department as the “mastermind” of the EU’s Digital Services Act (DSA), which imposes content moderation on social media firms.
However, it has angered some US conservatives who see it as seeking to censor right-wing opinions. Brussels denies this.
Breton has clashed with Elon Musk, the world’s richest man and owner of X, over obligations to follow EU rules.
The European Commission recently fined X €120m (£105m) over its blue tick badges – the first fine under the DSA. It said the platform’s blue tick system was “deceptive” because the firm was not “meaningfully verifying users”.
In response, Musk’s site blocked the Commission from sharing adverts on its platform.
Reacting to the visa ban, Breton posted on X: “To our American friends: Censorship isn’t where you think it is.”
Also subject to bans were Anna-Lena von Hodenberg and Josephine Ballon of HateAid, a German organisation that the State Department said helped enforce the DSA.
In a statement to the BBC, the two CEOs called it an “act of repression by a government that is increasingly disregarding the rule of law and trying to silence its critics by any means necessary”.
They added: “We will not be intimidated by a government that uses accusations of censorship to silence those who stand up for human rights and freedom of expression.”
Business
Planning Your Taxes For 2026? What Freelancers And Gig Workers Should Know
Income doesn’t come regularly
Freelancers earn from different clients at different times, making it hard to know the final income figure early

Multiple clients mean scattered TDS
Tax is deducted by many payers under different sections, and details don’t always update together in AIS or Form 26AS.

Income details settle very late
Many payments and TDS entries appear only near the year-end, delaying tax calculations.

First-time taxpayers lack clarity
Young gig workers often don’t know ITR deadlines, advance tax rules, or penalties for late filing.

Paperwork isn’t ready on time
Forms like 16A, invoices, bank statements, and expense bills are often unorganised or missing.

TDS deducted ≠ filing done
A common myth is that if tax is already deducted, filing the return is optional. It’s not.

Refund expected, filing delayed
Many assume that if no tax is payable or refund is due, filing late won’t matter — but penalties still apply.

E-verification gets ignored
Returns filed but not verified within 30 days are treated as invalid, almost like not filing at all.

Portal issues at the last moment
Heavy traffic, OTP failures, and technical errors near deadlines push filings beyond the due date.

No regular income tracking system
Not maintaining client-wise records of invoices, payments, and TDS creates confusion at filing time.

Deductions are gathered too late
Proofs for insurance, mutual funds, PPF, health cover, or tuition fees are often collected at the last minute.
Business
SFIO probes IndusInd’s Rs 1,960 crore derivatives hole – The Times of India
MUMBAI: Serious Fraud Investigation Office (SFIO) has opened a formal probe into IndusInd Bank after a Dec 23, 2025 letter triggered an investigation under the Companies Act, 2013, over accounting lapses tied to internal derivative trades.In a filing, the bank said SFIO, under the MCA, seeks information after the lender flagged on June 2 issues spanning internal derivatives, unsubstantiated “other assets/liabilities”, and microfinance interest/fee income. It disclosed the update on Dec 18, pledged full cooperation, and posted details on its website.Derivatives irregularities have hit P&L by about Rs 1,960 crore as of March 31, 2025, eroding reported net worth by roughly 2.3% as of Dec 2024. Earlier profits were overstated as notional gains flowed into P&L while losses sat parked as assets, inflating NII and earnings quality. The derivatives irregularities saw several members of the senior management stepping down with the board bringing in Rajiv Anand from Axis Bank to head the private lender.The bank recognised the losses, absorbed pain in its FY25 earnings which tipped the bank into a Q4 FY25 net loss after one-off write-offs/provisions. Capital/net worth took a 2–2.5% post-tax hit, trimming buffers and nudging growth appetite and capital pricing.The derivatives loss resulted in the shares of the bank sliding as investors reassessed earnings credibility and governance. The scrutiny also sharpened on the board/management/audit committees, intensifying regulatory pressure and SFIO oversight.
Business
Navi Mumbai airport opens today with 30 domestic flights – The Times of India
MUMBAI: Navi Mumbai International Airport (NMIA) opens to commercial operations on Thursday after years of missed deadlines, opening a second gateway for air travel in the Mumbai region. The day will see four airlines operating about 30 domestic flights at India’s newest greenfield airport. The first scheduled arrival will be an IndiGo flight from Bengaluru, touching down at 8 am, while the first departure will also be operated by IndiGo, a morning service from Navi Mumbai to Hyderabad, scheduled to take off at 8.40 am. The terminal building will open to departure passengers around 6.40 am, said an NMIA spokesperson.“On Day One, domestic services will be operated by IndiGo, Air India Express, Akasa Air and Star Air connecting NMIA to nine destinations across India. The airport will handle 15 scheduled departures on the first day,” said an NMIA spokesperson.“During the initial phase, NMIA will operate between 8 am and 8 pm, with up to 24 scheduled daily departures to 13 destinations and the capability to manage up to 10 aircraft movements per hour. From Feb 2026, operations are planned to progressively scale up to round-the-clock services,” the spokesperson added. “Passenger services from day one will be supported by Digi Yatra-enabled contactless processing at designated touchpoints, along with trained terminal staff across kerbside, check-in, security and boarding areas,” the spokesperson said. Conventional check-in counters too will be available for passengers not opting for Digiyatra. Retail and food and beverage offerings have been curated with a focus on affordability and local preferences, the airport said.In its initial phase, NMIA opens with terminal 1 and one operational runway; the terminal building has a capacity to handle 20 million passengers annually, but it is expected to touch that number before mid-2026. The terminal building can accommodate about 2-3 million passengers beyond its declared capacity. The new airport is 45-50 km from North Mumbai, 35-40 km from South Mumbai and 35-45 km from the eastern suburbs.
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