2020 Financial News

Until recently, I never fully appreciated the meaning behind the excuse, “The dog ate my homework.” That changed this past summer with the arrival of Jasper, our new golden retriever puppy. Consistent with his breed’s genetic disposition, I noticed he was a quick study when it came to retrieving the newspaper from the front stoop. Unfortunately, by the time the paper made it inside, it was no longer readable as he had shredded it to pieces.

Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15.

This followed notable progress that was announced in the January Bulletin. For the fifth month in a row, USCIS will use the Dates for Filing to ascertain the eligibility of employment-based filings in February. Considering that the Final Action Dates chart typically contains more progressive cutoff dates than the Dates for Filing chart, this is great news. The Visa Bulletin provides important information about the processing of adjustment of status applications for consular immigrant visa files and approvals, as well as the per-country priority date cutoffs that control immigrant visa availability.

Manipur have been suspended following the cancellation of CBSE affiliation for 25 schools in the state. The Indigenous Tribal Leaders Forum (ITLF) has raised concerns, accusing the Meitei government of victimizing Kuki-Zo tribals by taking punitive action against officials from the minority community who were working to assist students affected by ethnic violence. The ITLF highlights the challenging situation for tribal schools and students, as the state education board and technical institutes in Imphal, controlled by the majority Meitei community, leave them at their mercy.

cinema goers per day declined in the last 13 years, according to the Delhi Statistical Handbook-2023. The number of theatres in Delhi rose from 129 in 2008 to 137 in 2022, with the peak point being in 2017, when the number was 142, it said. The handbook containing data on socio-economic parameters of the national capital was released by the Delhi government's Economic and Statistics department.

Delhi Metro Rail Corporation (DMRC) carried more than 67 lakh people on January 1, 2024, the highest ridership registered by the mass transit system on a New Year day in the last six years. According to DMRC data released on Saturday, a total of 67.47 lakh commuters availed the services of metro on January 1. The data showed that 49.16 lakh people used metro on January 1 last year, 23.66 lakh in 2022, 55.26 lakh in 2020 and 50.16 lakh in 2019.

By Tim Reid, Nathan Layne and James Oliphant

Modi government of adopting a «callous attitude» towards national security and viewing it from the lens of electoral advantage and for the prime minister's «self-aggrandisement». Congress general secretary Jairam Ramesh alleged that Army Chief General Manoj Pande's recent remarks at his annual press conference are a timely reminder of the «serious deterioration» of India's national security environment under the Modi government.

recovered its pre-pandemic output levels. But after revisions to the 2020 and 2021 figures, in September GDP was found to be 0.6% above its pre-covid size rather than 1.2% below it. The Office for National Statistics added almost 2% to its estimate of national income and transformed Britain’s economic performance from that of a global laggard to something more respectable.

President Joe Biden is trying his hand at retail politics

Russian tourists going on a ski trip will be the first international travelers to visit North Korea since the country’s borders closed in 2020 amid the global pandemic lockdown

BSE) are going to conduct the special live trading session in the equity F&O segment on 20th January 2024 i.e. on Saturday next week. The BSE and NSE aim to switch to the DR site through this special live session.

new tax regime which combines lower tax rates with a very limited number of exemptions. As of now, an individual's contribution of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD (1B) as deduction under the old tax regime but not under the new tax regime. Promotion of retirement saving is also a stated goal of the government because of which the above-mentioned deduction was allowed over and above the tax saving investment limit of Rs 1.5 lakh under Section 80C in the old tax regime.

economic growth, a stable monetary policy, and high credit growth over the past decade have boosted the purchasing power of high-earning Indians. It adds that 60 million people or 4.1 percent of the population now earn over $10,000 per annum, compared to 24 million in 2015. To be sure, however, this is a small percentage of the overall population.

By Carolina Mandl

NEW DELHI, BENGALURU : HCL Technologies Ltd has emerged as the best performer among India’s top four IT services firms in the seasonally weak December quarter, heading into the final leg of what’s expected to be a slow financial year for the sector. Both HCL Tech and Wipro Ltd, which also reported quarterly numbers on Friday, beat market estimates, making Infosys Ltd the only one of the top four–the biggest being Tata Consultancy Services Ltd–to miss Street projections. Even so, Infosys, which announced its numbers on Thursday, as did TCS, saw the biggest single-day gain for its shares on Friday since July 2020 as its earnings turned out to be not as bad as analysts had feared.

Nag Ashwin's sci-fi film 'Kalki 2898-AD', starring Prabhas and Deepika Padukone, will now be released in the theatres on May 9, 2024, the makers announced on Friday. Production banner Vyjayanthi Movies shared the news of the multilingual big-budget movie's new release date on its social media pages along with a brand new poster featuring Prabhas.

₹8 lakh (ex-showroom). The Kia Sonet has been a notable player in the Indian market since its initial introduction in 2020, competing fiercely in the sub-compact SUV segment.

The number of new class-action lawsuits involving 401(k) plans dropped last year, but settlements in that line of litigation reached a record high.

After a gentle disinflationary easing, the bond market could be hinting at an inflationary steepening of the 10-2 Year Treasury Yield Spread.

withholding tax provisions in line with the country's overall thrust to simplify the tax structure to make it easier for businesses and reduce disputes. There are several tax deducted at source (TDS) provisions with different thresholds and multiple rates. This has created a TDS maze that leads to frequent disputes as well as the blocking of working capital at businesses. «There is a need to simplify the regime in view of the complexities that have crept in over time,» said a government official, explaining the need for the review. The cleanup of the withholding tax regime could take place in the February 1 interim budget if the review is completed in time. There are about 33 sections in the Income Tax Act dealing with TDS rates that range from 0.1% to 30%. For example, before 2020, fees for technical services (FTS) and fees for professional services (FPS) were subject to 10% TDS.