2020 Financial News

Budget 2024 today, July 23. As the third term of the Modi government begins with a less decisive electoral mandate, there is growing speculation that reducing income tax could be a strategic move for the ruling party in navigating the current political and economic landscape. Acknowledging the significant role played by salaried individuals in contributing to direct tax collections, the government is under pressure to address their concerns as the Budget announcement approaches.

US President Joe Biden may have let them down. The decision of the president to end his election campaign should have been made many years ago. The health of the president is under sharp focus with many of the people pointing out that the nation has been lied to.

Fortnite update is almost here for download. Gamers will have Fortnite update 30.30 on July 23. This update from Fortnite Chapter 5 season 3 will include Tesla cybertruck, and season 4 hints, as per reports.

Venice city officials say the day-tripper tax netted 2.4 million euros during a test phase this summer, and that decisions on how to proceed would be made in the fall after a full analysis of the data

humanoid robot, known as Optimus, would be operational in Tesla factories by year's end and available for purchase by late 2025.The development of humanoid robots has been ongoing for several years, with notable advancements from Japan's Honda and Hyundai's Boston Dynamics. These companies are aiming to address potential labor shortages and manage tasks that are either hazardous or monotonous, such as in logistics, warehousing, and manufacturing.Despite Musk's ambitious promises, there is a track record of unmet expectations, including his 2019 declaration that Tesla would launch a network of autonomous "robotaxi" vehicles by 2020.

Kathleen Martin, a former interim data transformation chief, has filed a lawsuit against Citi, claiming she was poached under false pretenses and subsequently unfairly dismissed. Martin, who served as JPMorgan’s global technology chief of staff, said she was enticed to join Citi in late 2021 with promises of a “long-term leadership position.” She alleged the reality fell short of these promises, leading to her termination in September 2023.

Joe Biden has pulled out of the upcoming presidential election in November. The Democrats will hold their national convention to pick their presidential nominee in August. Vice-President Kamala Harris is a favorite to replace Biden and is expected to receive the nomination. There might be some opposition to his nomination.

When a couple separates, myriad financial issues inevitably arise. Chief among them is what to do with a jointly owned home. For the separated couple, continued joint ownership of the home is, almost always, unrealistic. Two options remain: one spouse can buy out the other’s interest in the home or the home can be sold.

The Canada Revenue Agency issued a cautionary press release earlier this year about the importance of sticking within your tax-free savings account contribution limit. Titled Watch your limit – stay within it!, the CRA reminded Canadians that it’s possible to overcontribute to a TFSA in a number of ways.

Canadians’ migration east in search of cheaper housing and a better quality of life in the Maritimes appears to be losing steam.

Ahead of a lunch meeting with Vice President Kamala Harris at the White House in March, JPMorgan Chase Chief Executive Jamie Dimon didn’t know what to expect. Dimon wasn’t sure of her political agenda when it came to the economy and business.

WASHINGTON—What a year these past few weeks have been. President Biden’s withdrawal from the 2024 campaign caps off a historically tumultuous stretch in American politics, as a series of unexpected events—from a presidential debate for the ages to a near-assassination—have shaken up the political landscape and thrust it into uncharted territory. Until recently, the 2024 presidential election was shaping up as a snoozer of a rematch, with the same candidates who battled each other in 2020 ignoring the electorate’s pleas for change and slogging joylessly toward a November grudge match.

Last night (21 July), Biden announced he was pulling out of the 2024 election, following weeks of internal Democratic and punditry pressure to withdraw. Biden, who took the White House office in 2020, said in a letter addressed to «my fellow Americans», that it had been the «greatest honour of my life to serve as your president». «While it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as president for the remainder of my term,» he said. Investors not expect...

Delhi High Court judge Justice Amit Sharma on Monday recused himself from hearing the bail plea of former JNU student Umar Khalid in a UAPA case related to the alleged larger conspiracy behind the riots here in February 2020. The matter was listed for hearing before a division bench of Justice Prathiba M Singh and Justice Sharma. This has to go before another bench, Justice Singh said. «List before another bench, of which Justice Amit Sharma is not a member, on July 24,» the court ordered.

Don’t go by past returns Our cover story explains why investing on the basis of past returns is not a good idea. This is especially true in case of sectoral and thematic funds. Sectors and themes tend to be cyclical in nature, and the performance depends on a host of factors, including news developments, economic conditions, global trends, government policies and market sentiments. For instance, the pharma sector was the top performer after the Covid outbreak in 2020, but it was the worst performer in 2021 and gave negative returns the next year. “That’s how cyclicality plays out,” says Chirag Muni, Executive Director, Anand Rathi Wealth.

Joe Biden announced Sunday that he is withdrawing from the presidential election race and endorsed Kamala Harris to take his place against Donald Trump this November.“It has been the greatest honour of my life to serve as your President,” Biden said in a statement released Sunday shortly before 2 p.m. ET.“And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term,” he said.Biden said he would address the nation later this week to provide more details about his decision.In a separate statement, Biden gave his endorsement to his vice-president, Kamala Harris.“My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President.

Joe Biden announced decision to step down, the US President announced that he will endorse Vice President Kamala Harris as the presidential nominee for his party Democrats. It was unclear whether other senior Democrats would challenge Harris for the party's nomination — she was widely seen as the pick for many party officials — or whether the party itself would choose to open the field for nominations. «My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,» said Biden in his statement.

mortality data from the National Family Health Survey 2019-21 and concluded that nearly 12 lakh additional deaths occurred in 2020, which is eight times higher than the official Covid-19 death toll reported in India for that year. The Health Ministry has rejected this estimate, calling it «exaggerated and misleading,» and has criticized the study for its flawed methodology. According to the study published in open access journal Sciences Advances, the authors found that in the subsample they studied, there was a reduction in life expectancy at birth of 2.6 years between 2019 and 2020, larger than reductions documented in any high-income country. This reduction was substantial even relative to trends in India: overall life expectancy at birth in 2020 was equivalent to all-India levels over a decade earlier. Relative to the 1.3-year life expectancy loss among high-caste Hindus, the loss for Muslims was 5.4 years.

Rhea Chakraborty is embarking on a new chapter in her life, moving away from the film industry and focusing on motivational speaking as her primary source of income. In a recent podcast debut titled «Chapter 2,» Chakraborty reflects on her journey since the death of her former boyfriend, actor Sushant Singh Rajput, and the subsequent public and media scrutiny she endured.

Science Advances journal on 19 July, says that life expectancy at birth was 2.6 years lower and mortality 17% higher in 2020 compared to 2019. This is for a subsample of 14 states and Union territories, but the authors said that if other states followed the same trends, it would add up to 1.19 million excess deaths across India in 2020. The study found that life expectancy declined more for women than for men, and also more for children and for marginalized groups.

JD Vance said he had served in the United States Marine Corps but «what the hell Kamala Harris has done other than collect a check?» In his address at the rally in Michigan's Grand Rapids on Saturday (local time), Vance said, «There's some bad news actually, Vice President Kamala Harris, she doesn't like me.» «Kamala Harris said something to the effect that… I have no loyalty to this country. Well, I don't know, Kamala, I did serve in the United States Marine Corps and build a business. What the hell have you done other than collect a check?» Vance said.