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Also read: Job creation, alleviating rural distress likely to top new government’s agenda The upcoming Digital India Bill will be another key priority for the government, which wants Big Tech to tackle issues such as deepfakes and malicious AI-generated content. The industry, for its part, will want the government to preserve the safe-harbour principle to ensure that intermediaries are not held liable for third-party content posted on their platforms.

The Epoch Times chief financial officer Weidong Guan has been arrested and charged for crypto money laundering.

Adani One, the super app being built by the Ahmedabad based Adani group has launched a cobranded credit card with private sector lender ICICI Bank.

John Tavares’ $8-million tax dispute with the Canada Revenue Agency, arguing the Toronto Maple Leafs captain is offside.In a reply to Tavares’ appeal with the Tax Court of Canada, the Attorney General of Canada (AGC) is disputing Tavares’ ask to have the CRA’s reassessment of his 2018 tax return annulled.The CRA, according to Tavares’ appeal filed in January, determined his 2018 income was $17.8 million higher than reported, and ordered the player to pay $6.8 million in taxes — over 38 per cent — plus $1.2 million in interest.The 33-year-old from Mississauga, Ont., signed a seven-year, US$77-million contract to join the Leafs on July 1, 2018. He previously played for the New York Islanders from 2009 to 2018.The $17.8-million sum accounts for a US$15.25-million signing bonus in the contract’s first year, and “was integral to Tavares’ decision” to accept the deal, his appeal states.The court document added Tavares’s signing bonus “was an inducement to sign an agreement relating to the performance of an athlete,” and should not be considered as salary or wages.The AGC took issue with that in its reply filed late last month.“With respect to the entirety of the Notice of Appeal, the Attorney General of Canada (AGC) denies that any amount referred to as a ‘signing bonus’ was a signing bonus or an inducement payment,” it reads in part.Tavares’ appeal argues that at the time, he was eligible for the reduced tax rate of 15 per cent under a Canada-U.S.

The money, which comes on the heels of a $25 million donation from Ripple, means that Fairshake and its affiliates have raised to $160 million in this election cycle, making it one of the largest Super PACs.Coinbase has a strict no-politics policy but, says CEO Brian Armstrong in a blog, "when it comes to our mission of increasing economic freedom by growing the adoption of cryptocurrencies, we are deeply engaged in policy efforts".Armstrong claims that 52 million Americans have owned crypto but: "For too long, some congressional leaders who are out of touch with their constituents have attempted to eliminate the crypto industry from the US."Last summer, Coinbase was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.Armstrong cites the bill as an example of recent progress but says, "the best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle, and to vote anti-crypto candidates out of office".

Claudia Sheinbaum, former mayor of Mexico City, has been elected as the first female president of Mexico. She is anticipated to maintain the current administration’s approach to crypto regulation.

The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism

Rising home values have led to higher real estate taxes around the U.S. Now many states are looking to provide relief to frustrated residents

₹1.16 crore. However, the buyer proposed a tax-saving idea: make a separate agreement of ₹16 lakh for the furniture and fixtures. This strategy aimed to reduce the capital gains tax by declaring the property sale at ₹1 crore while selling the furniture separately and categorising them as personal effects, which are not taxable.

Coal India, HAL, BRL, UltraTech Cement, SBI, DLF, BHEL, NTPC, and PFC, among others.Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.The brokerage noted that over the past 10 years, the BJP-led government under Prime Minister Narendra Modi has introduced numerous policy reforms to elevate the Indian economy. Key initiatives include the introduction of RERA and the Insolvency and Bankruptcy Code in 2016, promoting transparency in the real estate sector and streamlining insolvency processes.

A salary is typically regarded as the primary criterion for eligibility as banks and financial institutions typically prioritise income stability when evaluating credit card applications. This requirement of a regular income may deter many individuals such as freelancers, students, homemakers, or retirees from accessing credit card facilities. Yet, various methods and tailored solutions have now emerged to address this disparity in eligibility criteria.

Jio Financial Services Ltd, a subsidiary of Reliance Industries, on Thursday announced the launch of ‘JioFinance’ app in a beta version. The launch of JioFinance, a cutting-edge platform, is aimed at revolutionising daily finances and digital banking.

NEW DELHI : The politically sensitive matter of minimum support price (MSP) for crops in the coming sowing season will get top billing in the new government’s agenda when it takes charge, two people aware of the development said. “The MSP for kharif crops will be the first important decision that the next government will take in its cabinet meeting," the first person said. Kharif crops, or monsoon crops, are sown in June-July and harvested in October, barring Tur (arhar), a long-duration crop that is harvested in December-January.

Telangana suffered «destruction of 100 years» during the 10-year BRS rule, Chief Minister A Revanth Reddy on Sunday said his government is working for the state's cultural and economic revival and expressed his desire to make it a destination for the world.

₹1.13 trillion; the coupons ranged from 6.89% to 11.96%, the interest rate determined by the issuer’s credit rating and the CP maturity profile, apart from the market’s liquidity position. In fact, Reserve Bank of India (RBI) data shows even limited liability partnership firms (such as audit or management consulting firms) have been relying on CPs. Both CP issuers and investors should be thanking this banker.

Telangana and Andhra Pradesh starting Sunday, as stipulated by the Andhra Pradesh Reorganisation Act of 2014.Starting June 2, Hyderabad will exclusively serve as the capital of Telangana. When unified Andhra Pradesh was bifurcated in 2014, Hyderabad was designated as the capital of both states for a period of 10 years."On and from the appointed day (June 2), Hyderabad in the existing State of Andhra Pradesh, shall be the common capital of the State of Telangana and the State of Andhra Pradesh for such period not exceeding ten years," the AP Reorganisation Act said.

The 17-year-old was interrogated for over an hour (11:30 am to 12:30 pm) on Saturday in the presence of his mother. The juvenile is in a observation home till June 5. The Juvenile Justice Board (JJB) on Friday permitted the police to probe the teenager.The police also said the teen remained tight-lipped during questioning despite much effort.

Pennywise from Stephen King's book "It" will make a reappearance in the upcoming television series "Welcome to Derry." Bill Skarsgard will return to the role, serving as both the show's producer and actor.

President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121.

stock market looks poised for a rally on Monday as Nifty bulls are screaming 'Abki baar 24,000 paar'. If the election result on June 4 also turns out to be in favour of Street favourite BJP, analysts see Nifty jumping as high as 24,000 in the next few days. The headline index had ended the week down nearly 2% as FIIs preferred to play safe ahead of the D-Day.

Chhattisgarh State Electricity Regulatory Commission (CSERC) on Saturday announced an average hike in power tariff by 8.35 per cent for all categories of consumers. The new tariffs will be effective from June 1, an official said.