Donates Financial News

By Jody Godoy and Luc Cohen

A prosecutor accused FTX founder Sam Bankman-Fried of stealing at least $10 billion from his customers as opening statements began in a federal court trial in New York City

I am 27-year-old working for a multinational company (MNC), drawing a net salary of ₹1.4 lakh per month. My annual income is ₹22.3 lakh, of which my taxable income is ₹15.5 lakh. My tax-savings come from section 80C instruments, where I utilize the maximum limit of ₹1.5 lakh per annum (p.a.), and exemption from house rent allowance (HRA) is ₹2.8 lakh p.a. There is professional tax of ₹2,400 p.a. I have also purchased a flat for which I have taken a home loan of ₹36 lakh at 9.2% interest rate. My equated monthly instalment (EMI) comes to ₹30,000. How can reduce my taxable income further? —Name withheld on request Salaried individuals try and maximize their tax savings by claiming various exemptions and deductions while computing taxable income.

A smaller share of wealthy households donated money to charitable causes in 2022 amid rising economic uncertainty, according to a new report from Bank of America Corp.

Sam Bankman-Fried's trial places the former billionaire in a Manhattan courtroom alongside prosecutors steeped in financial crimes and political corruption cases, a veteran judge, and former friends and colleagues set to testify against him. Here's who will play key roles during the trial, which prosecutors say could last up to six weeks:

Sam Bankman-Fried's father and brother, as well as Donald Trump's former spokesman Anthony Scaramucci, are among possible witnesses at the cryptocurrency exchange founder's fraud trial, according to a list read by a prosecutor in court on Tuesday. Scaramucci, Bankman-Fried's father Joseph Bankman and his brother Gabriel Bankman-Fried were on a list of potential witnesses prosecutor Danielle Sassoon read in court during jury selection at the outset of Bankman-Fried's trial in order to see if any prospective jurors knew them.

By Hannah Lang

Famous billionaire short-seller Jim Chanos blasted Big Short author Michael Lewis on Sunday for his charitable defense of FTX founder Sam Bankman-Fried (SBF).

jail on charges of fraud, had also "planned to give $15 million to $30 million to Republican Senator Mitch McConnell to defeat the ‘Trumpier’ candidates" in the last Senate elections, according to the excerpt of the book - Going Infinite: The Rise and Fall of a New Tycoon - published in TheWashington Post. "On a separate front, he explained to me, as the plane descended into Washington, he was exploring the legality of paying Donald Trump himself not to run for president," Lewis wrote. "His team had somehow created a back channel into the Trump operation and returned with the not terribly Earth-shattering news that Donald Trump might indeed have his price: $5 billion.

Sam Bankman-Fried and US prosecutors never engaged in talks about a potential plea deal and no such offer was made, a prosecutor said in court on Tuesday ahead of the start of the FTX cryptocurrency exchange founder's fraud trial. Mark Cohen, a lawyer for Bankman-Fried, confirmed that prosecutor Nicolas Roos was correct that no plea talks were held.

By Jody Godoy and Luc Cohen

electoral bond is a bearer banking instrument to be used for funding eligible political parties. An eligible political party is the one registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly.

VanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.

A year ago, billionaire Sam Bankman-Fried, then 30 years old, posted a 14-tweet thread on the balance of “safety vs freedom” in cryptocurrency regulation. Now, a different kind of freedom is on the line when he walks into a Manhattan courtroom to face criminal charges that carry a combined maximum sentence of more than a century in prison.

A former Staples Inc. executive whose fraud and bribery convictions in the sprawling college admissions cheating scandal were thrown out by an appeals court has been sentenced to six months of home detention for a tax offense

Congress leader P Chidambaram on Saturday described electoral bonds as «legalised bribery» and claimed that, as their fresh tranche opens on October 4, it will be a «golden harvest» for the BJP. The government on Friday approved the issuance of the 28th tranche of electoral bonds that will open for sale for 10 days beginning October 4. The decision comes ahead of assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram.

For the first time in a long time, advisors are being forced to think about cash.

The start of fall brings wafts of pumpkin spice everything, from seasonal lattes to limited-edition Cheerios, and changing colours, but also the beginning of the final push for charitable giving, which must be done by Dec. 31 if you want to reap the tax benefits on your 2023 tax return.

Take a pledge, create a living will Medical tests are not required to register for organ donation. Those who wish to donate their organs can fill up the pledge form on NOTTO’s website. One can also do so via registered non-government organizations (NGOs) or authorized hospitals.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Volvo Cars has consistently positioned itself as a torchbearer of this movement by taking ambitious strides toward sustainability. To that end, it aims to make 50% of its sales from purely electric models by 2025 and has committed to becoming a fully electric car company by 2030. However, electrification is not enough. Volvo Cars is also actively working towards reducing all of its direct and indirect emissions by tackling CO2 within its supply chain and operations, indicating its commitment to embracing the circular economy. As an interim step towards achieving its goal of becoming carbon-neutral by 2040, Volvo Cars aims to reduce the carbon footprint lifecycle per vehicle by 40% between 2018 and 2025. While Volvo Cars is internally working towards greener milestones, it is also combining its commitment to eco-consciousness with its dedication to social responsibility. The latest demonstration of this commitment comes in the form of Volvo Car India’s #PoweringLife initiative, through which Volvo Car India is donating solar panels to hospitals and biodiversity parks across the Delhi NCR. Watch how the #PoweringLife initiative is leveraging solar panels to light up hospitals and biodiversity parks across Delhi NCR.