Consequences Financial News

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

NEW DELHI : As the tax filing season kicks off again, many individuals are questioning whether they need to file their income tax return (ITR) for financial year 2024 (FY24). This uncertainty often arises because employers have already deducted tax on salaries or banks have deducted tax at source (TDS) on interest or pensions. Others may believe their income is too low to require filing.

surplus dividend transfer by the Reserve Bank of India (RBI) to the government stoked expectations of lower North Block borrowing — and, consequently, a narrower FY25 fiscal gap. A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining the price of corporate borrowing.

Amit Shah slammed the INDIA alliance and said that Congress leader Rahul Gandhi will not cross 40 seats and Samajwadi Party chief Akhilesh will not get even four seats on June 4.As reported by PTI, Shah was addressing a political rally in Uttar Pradesh's Kushinagar. He said that in 5 phases of Lok Sabha polls, Modi has crossed 310 seats.

elections have thrown up a problem of plenty for the government — its cash balances are much higher than before the previous two Lok Sabha polls, but curbs on spending mean that banks are parched of funds while the Centre tries hard to prevent the money from sitting idle. The adoption of more efficient fund management practices by the Centre, healthy tax collections and a build-up of cash by state governments have resulted in overall government cash balances swelling past ₹3 lakh crore and locking out funds from the banking sector. As a result of the constraints on spending during a long-drawn national election, government expenditure — which traditionally flows through banks — has moderated, leading to a tight money market and, consequently, higher borrowing costs.

Free Balochistan Movement (Germany chapter) staged a demonstration in Dortmund, Germany, on May 25, aiming to draw attention to the consequences of Pakistan's nuclear tests in Balochistan on May 28, 1998. The protest sought to raise awareness about the dangers posed by Pakistan's nuclear arsenal.

An Australian judge has ruled that the social media platform X is subject to a state’s anti-discrimination law even though it does not have an office in Australia

National Company Law Tribunal (NCLT) has admitted Srei Infrastructure Finance's petition to initiate a corporate insolvency resolution process (CIRP) against Supreme Infrastructure BOT after it defaulted on the repayment of a loan. Srei Infrastructure Finance had granted a term loan of Rs 150 crore to Supreme Infrastructure BOT for a period of five years. The loan was intended for use in infrastructure projects. Following this, various security documents were executed between both parties. However, the borrower defaulted on the loan repayments, prompting the financial creditor to recall the loan in August 2018.

The decision to invest in bonds or fixed deposits or post office schemes should be made after analysing several factors like one’s risk appetite, investment goals, liquidity situation and investment horizon. A bondholder earns money in two ways – through coupon payments and appreciation or depreciation of the instrument in the secondary market.

Question: When will ITR e-filing start this year? When can salaried taxpayers start filing their tax returns for AY 2024-25? Also, kindly enlighten us on the new AIS functionality.

Stewart co-managed the Strategic Bond fund alongside head of credit Lesley Dunn and head of credit research Rob Baltzer, who will continue to run the fund following his departure. As a consequence, Baltzer will step down from managing the firm's High Yield Bond fund, leaving it in the hands of co-managers Arthur Milson and Faisal Islam. Baltzer joined Baillie Gifford's graduate scheme in 2001, later becoming an investment grade bond manager in 2004. Baillie Gifford closes Investment Grade Long Bond fund Milson is an investment manager in the credit team, having worked for abrdn/Sta...

tax bracket. In addition to pay, arrears may involve other sources of income.

Also Read- Will Indian share market continue to correct before Lok Sabha election 2024 result? Experts list out 28 stocks to buy Sunil Damania, Chief Investment Officer of MojoPMS, echoed a similar view. “The prevailing expectation is that the BJP will achieve a majority; the primary debate concerns how this majority will compare to their previous performance," he observed. In February, Prime Minister Modi asserted in Parliament that the BJP would secure 370 seats and the NDA would obtain 400 seats, Damania noted.

Missing personal loan payments won’t land you in jail, but it can cause significant financial stress and damage your future credit opportunities. Here’s what can happen:

Indian Navy must remain combat ready at all times to safeguard national maritime interests, Navy Chief Admiral Dinesh K Tripathi has said amid China's increasing forays into the Indian Ocean and volatile situation in the Red Sea. In an address to officers posted at the naval headquarters here, he delved into the current security environment in the strategic waters and consequent actions required by the Navy. He emphasised that as the primary manifestation of India's maritime power, the «raison d'etre of Indian Navy is to remain combat ready at all times to safeguard national maritime interests anytime, anywhere, anyhow». In his remarks to the officers on Tuesday, the Navy chief reiterated the unwavering commitment of the Indian Navy towards the government's Aatma Nirbharta (self-reliance) initiative.

suspension order on mining operations at Vedanta's iron ore plant at Chitradurga in Karnataka has been revoked, the company said on Tuesday. Vedanta Ltd in April informed the BSE about the temporary suspension of mining operations at the iron ore mine due to non-compliance with the approved mining plan. «The Office of the Regional Controller of Mines, vide order dated May 21, 2024, has revoked the earlier order of suspension of mining operations under Rule 11(2) of the Mineral Conservation and Development Rules, 2017 in respect of our A. Narrain Iron Ore Mine,» the company said in a filing to the BSE. The suspension in mining operations was ordered by the Office of Regional Controller of Mines in Bengaluru.

As the deadline for filing income tax returns approaches, cryptocurrency investors in India are preparing to navigate the complexities of crypto taxation. While the concept of taxing crypto assets is relatively new and can pose challenges for investors, the evolving landscape of innovation and technology has introduced simplified solutions for crypto tax filing provided by compliant exchanges in India. These exchanges have taken proactive measures to ensure tax compliance for their users, forming partnerships with leading tax solution providers to automate the calculation of crypto tax obligations tailored to Indian investors’ needs.

By Pradeep Mishra

Meaningful rises or falls in global government bond yields look unlikely in the near term as interest rates have peaked but persistent inflation means rate cuts will likely be slow, analysts said. Money market forwards price in 42 basis points of rate cuts by the U.S. Federal Reserve, 65 basis points by the European Central Bank and 55 basis points by the Bank of England for this year, according to Refinitiv.

A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York regulators say were defrauded by the company

learning about the stock market is both free and can be done quickly through a reel or a tweet. Consequently, spending two hours learning the basics of the stock market might appear outdated. But just go back to the start of this month, when every segment of the stock market was falling. The fact is that the first indications of what happened in May had come much before the meltdown. Right from the breakdown of stock prices below their medium trendline to the sentiment indicators clearly indicating that bulls are losing steam.