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US stock market today: Wall Street futures dip as tech slide deepens; Nasdaq set for biggest weekly drop since March – The Times of India

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US stock market today: Wall Street futures dip as tech slide deepens; Nasdaq set for biggest weekly drop since March – The Times of India


US stock futures edged lower on Friday, setting the stage for a rough weekly finish as worries about economic slowdown and stretched valuations in the technology sector dampened investor sentiment.The three major indexes — the Dow Jones Industrial Average, S&P 500, and Nasdaq, are all on track for steep weekly declines. The Nasdaq, which tumbled nearly 2% on Tuesday, is heading for its worst week since March, while the S&P 500 and Dow are both braced for their biggest weekly losses in four weeks.At 7.30 am ET, Dow futures were down 120 points, or 0.26%, S&P 500 futures slipped 19 points, or 0.27%, and Nasdaq 100 futures fell 90.5 points, or 0.36%.This year’s rally, driven by enthusiasm around artificial intelligence, has sent markets to record highs. But growing skepticism over AI’s profitability and excessive valuations has cooled sentiment in recent sessions.Tesla shares were steady in premarket trading after shareholders approved CEO Elon Musk’s record-breaking pay package. Intel gained 0.8% after Musk hinted at possible discussions to produce chips with the company.Of the 424 S&P 500 firms that have reported third-quarter results so far, 83% have beaten Wall Street expectations, the best showing since mid-2021, according to LSEG data. Typically, about two-thirds of companies surpass estimates.Sandisk shares rose 4% after strong first-quarter earnings, lifting other data storage stocks. However, payments firm Block plunged 15% after missing profit forecasts amid slowing growth and intensifying competition.Meanwhile, the ongoing US government shutdown has created gaps in official economic data, forcing traders and the Federal Reserve to rely on private indicators, which this week painted a mixed picture on jobs and layoffs.





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Gold, iPhone, Laptop From Dubai: How Much Can You Bring To India Without Paying Customs Duty?

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Gold, iPhone, Laptop From Dubai: How Much Can You Bring To India Without Paying Customs Duty?


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India’s Baggage Rules 2026 raise duty-free limits to Rs 75,000, introduce weight-based jewellery allowances, allow one laptop duty-free, and simplify customs for arrivals.

Items that exceed the Rs 75,000 limit will attract customs duty (typically around 10% + social welfare surcharge on the duty), which is significantly lower than earlier effective rates.

Items that exceed the Rs 75,000 limit will attract customs duty (typically around 10% + social welfare surcharge on the duty), which is significantly lower than earlier effective rates.

India has updated its customs and baggage rules affecting what international passengers, including people arriving from the UAE, can bring into the country without paying duty. These changes are part of the Baggage Rules, 2026, and the Customs Baggage (Declaration & Processing) Regulations, 2026, which came into effect from February 2, 2026, following announcements in the Union Budget 2026.

Here’s a detailed breakdown of what’s changed and what it means:

1. Higher Duty-Free Allowance for Personal Items

Passengers arriving by air or sea can now bring goods worth up to Rs 75,000 duty-free, higher than the Rs 50,000 limit earlier.

This limit applies to Indian residents, people of Indian origin (PIO/OCI), NRIs, and foreign nationals with valid visas. It covers personal effects and items carried in bona fide accompanied baggage — personal use items, not for commercial sale.

Foreign tourists have a separate duty-free cap of Rs 25,000 (up from Rs 15,000 earlier).

For crew members, the limit is Rs 2,500.

2. Simplified Jewellery Rules

The old value-based limits on jewellery imports have been replaced with weight-based allowances for returning residents/PIOs:

• Women: up to 40 grams of jewellery duty-free

• Men/Others: up to 20 grams duty-free

This applies to passengers who have stayed abroad for at least a year and are bringing jewellery in bona fide baggage.

Earlier, jewellery allowances were defined by value rather than weight, which often caused confusion and disputes at customs.

3. Laptop and Electronics Allowances

• One laptop can be brought in duty-free, separate from the Rs 75,000 general limit, for travellers aged over 18 years (excluding airline crew).

• Other electronics (smartphones, watches, cameras, etc.) are counted within the Rs 75,000 allowance.

This dual-bucket system (laptop + Rs 75,000 limit) is particularly beneficial for travellers bringing gadgets from the UAE, where prices are often lower.

4. Simplified Customs Process

The new regulations also introduce:

• Advance and electronic baggage declaration to streamline arrival processing.

• Unified digital declaration linked to immigration systems, reducing paperwork.

• Clearer rules around temporary imports / re-imports and Transfer of Residence (ToR) benefits for long-term expatriates.

5. What Still Requires Duty or Has Restrictions

Even under the new rules, certain items remain outside duty-free allowances and must be declared:

• Alcohol beyond allowed limits

• Tobacco products above the limits

• Cars, TVs, and other large goods

• Gold bars/coins or precious metals in non-jewellery form

• Commercial quantities of any item

Items that exceed the Rs 75,000 limit will attract customs duty (typically around 10% + social welfare surcharge on the duty), which is significantly lower than earlier effective rates.

Example (From UAE To India)

If an NRI returning from Dubai brings:

• One laptop: duty-free separate allowance

• A phone (Rs 50,000), watch (Rs 15,000) & clothes: these total Rs 65,000 — all duty-free within the Rs 75,000 limit

• Gold jewellery (30 g): duty-free under the new weight limits

The above would be cleared without duty. Only items or values above these thresholds may attract charges. However, for updated and item-specific rules, check customs rules from official government website.

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PM Kisan 22nd instalment update: Is farmer ID mandatory to receive Rs 2,000 payment?

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PM Kisan 22nd instalment update: Is farmer ID mandatory to receive Rs 2,000 payment?



New Delhi: Farmers across India are waiting for the 22nd instalment of the PM Kisan Samman Nidhi scheme, under which eligible beneficiaries receive Rs 2,000 directly in their bank accounts. While the government has not officially announced the release date, the next payment is expected between February and March 2026, based on the scheme’s usual schedule.

The PM Kisan scheme provides Rs 6,000 per year in three equal instalments to landholding farmer families through direct benefit transfer.

Farmer ID Requirement

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A key update this year is the growing importance of the Farmer ID, which is being introduced as part of the government’s farmer-registry initiative. The ID is mandatory for new registrations in several states where the registry system has already started, though it may not yet be required everywhere in the country.

Authorities say the Farmer ID will help verify beneficiaries, prevent duplication, and ensure that financial assistance reaches genuine farmers.

e-KYC Still Essential

Along with the Farmer ID, e-KYC remains compulsory for all registered PM Kisan beneficiaries. Farmers who fail to complete e-KYC or update their records may face delays in receiving the next instalment.

The government has also introduced new methods such as OTP-based and facial-authentication e-KYC to make the process easier for farmers.

What Farmers Should Do

To avoid missing the next instalment, farmers should:

Complete e-KYC verification

Ensure Aadhaar is linked to their bank account

Update land and registration details

Obtain a Farmer ID if required in their state

 



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Gold rally pauses: Investors brace for volatile week in MCX gold & silver

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Gold rally pauses: Investors brace for volatile week in MCX gold & silver


New Delhi: India’s bullion market saw a pause in its recent rally on February 8, with gold prices easing slightly after touching record highs in late January. The price of 24-carat gold was around Rs 1.56 lakh per 10 grams, while 22-carat gold traded close to Rs 1.43 lakh per 10 grams in major markets across the country.

Silver prices remained volatile but stable compared to recent swings, trading at about Rs 2.85 lakh per kilogram. The metal has seen sharp movements in recent weeks, reflecting changing global demand and investor sentiment.

The correction in gold prices comes after the metal reached an all-time high of nearly Rs 1.79 lakh per 10 grams last month, driven by strong global demand for safe-haven assets. Since then, some investors have booked profits, leading to a decline in prices.

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Market experts say precious-metal prices are currently being influenced by international economic conditions, currency fluctuations, and expectations around interest-rate decisions by major central banks. These factors often affect global bullion prices, which in turn impact domestic rates in India.

Despite the recent dip, demand for gold remains steady, especially with the wedding season and festive purchases supporting jewellery sales. Analysts believe gold and silver prices may continue to move cautiously in the coming weeks as global markets remain uncertain.

Overall, the bullion market is entering a phase of consolidation after a strong rally, with investors closely watching global trends for the next direction in prices.

 



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