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President Joe Biden has proposed a new rule to address excessive heat in the workplace

economic policy towards 2047 with an emphasis on job creation through labour-intensive manufacturing, credit for MSMEs and continued focus on services exports by expanding GCCs, according to Goldman Sachs. “We expect the general government to stick to the announced fiscal deficit target of 5.1% of GDP for FY25 (or even slightly lower) and announce further consolidation to a deficit of below 4.5% of GDP by FY26”, Goldman Sachs said in a note Monday. Union finance minister Nirmala Sitharaman will present the full budget for FY25 on July 23. In her interim budget, presented in February, she had pegged fiscal deficit at 5.1% of GDP

Indian cricket team members received a grand felicitation on their return from Barbados as they first met Prime Minister Narendra Modi on Thursday in New Delhi and then joined a victory parade in Mumbai where large street-side crowds cheered for the T20 World Cup winners as they passed atop an open bus in a procession. The welcome was fitting, given that this title win is only the second for India and ended a 17-year drought in this format of the game, one that has lasted since India’s win in the inaugural edition of the championship in 2007.

India has a glorious past. At one point in time it contributed more than 25% to the world’s GDP and controlled about 28% of global trade and commerce. Being an economic power for several centuries, India played a leadership role in all fields- whether it is art, culture, music, dance, food, festivals, architecture or handicrafts.

income tax on the middle class — the most honest taxpaying group? The intention behind collecting income tax is noble as it helps in wealth redistribution and contributes to the growth of the economy. And, the Indian middle class is one of the most prominent groups that contribute to the nation's revenue through income tax. However, the process fails to live up to its intended goal when it starts taxing people with relatively lower income. Money loses its value with time due to inflation. So if tax slabs are not increased with time, it would mean people are paying income tax on lower real income. This has become an issue worth serious consideration today. According to budget 2014, an income tax rate of 20% became applicable on income above Rs 5 lakh and 30% on income above Rs 10 lakh. This has not changed in the last 10 years. If we take average inflation to be 6%, the real value of Rs 5 lakh and Rs 10 lakh of 2014 would now be Rs 2.8 lakh and Rs 5.6 lakh, respectively.

Union Budget 2024: Share of agriculture in India’s economy has declined over a period of time to less than 15% mainly due to high growth rate of the industry and services sectors. However, agriculture sector’s importance in India’s economy goes well beyond this mainly because more than 70% of India’s population depends on rural incomes and about 70% of poor people are found in rural areas.

US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea and Australia advanced. The S&P rose 0.5% and the Nasdaq climbed 0.9% to both set new highs Wednesday in a shortened session ahead of a US holiday. Contracts for US equities were steady in early Asian trading.

The development did little to dim the optimism around the nation’s equities, which are the best performers in Asia in dollar terms after rising over 30% this year on support by the International Monetary Fund. The benchmark KSE-100 index rose as much as 0.7% on Thursday to a fresh record.

Most U.S. stocks are rising after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September

FOX Business' Madison Alworth discusses Fourth of July barbecue costs on 'Varney & Co.'

Carbon Border Adjustment Mechanism aims to treat imported goods the same as EU-produced goods to help global decarbonisation, the Director-General of the European Commission has said following a visit to India to discuss tax and custom issues. Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China. The move has sparked a debate at multilateral forums, including the United Nations climate conferences, as the poorer countries fear such tariffs will harm livelihoods and economic growth. Director-General of the European Commission, Gerassimos Thomas, led a group of officials to New Delhi to discuss tax and customs issues, with a focus on CBAM, on July 1 and 2. He met the Indian government officials and business leaders to explore the manner in which it might affect the Indian industries and explain CBAM's goals and timeline. Thomas welcomed India's plans to decarbonise its economy, underlining the shared commitment to collaborate with India in their decarbonisation efforts, the European Commission said in a statement.

Each year, a crush of tourists arrives in Alaska’s capital city on cruise ships to see wonders like the fast-diminishing Mendenhall Glacier

thematic funds is an equity mutual fund category that received the highest inflows of ₹70,000 crore in the past year. It is now the second-largest category in the equity mutual fund space after flexicap funds. What are Thematic Funds? Thematic funds are a category of MFs that invest at least 80% of their total assets in stocks of a particular theme. Some of the popular themes with investors and launched by fund houses in the recent past are manufacturing, real estate, tourism, energy and automotive, BFSI, and PSU funds. For example, the manufacturing fund is a thematic fund that predominantly invests in a diversified portfolio of sectors like auto and auto ancillaries, capital goods, healthcare, chemicals, oil and gas and consumable fuels.

7.7%to ₹1.74 trillion in June, which is the slowest pace growth since June 2021. The growth in May was 10%. The growth has been lucklustre in the past two months when compared to the average growth of 11.7% recorded in 2023-24.

Set in politically crucial badlands of Northern part of India, 'Mirzapur' delves into family feud, regional politics, mafia and control for the coveted throne to rule the area. Also Read:2024 US Presidential Election: Kamala Harris's team fears racial insensitivity if Joe Biden steps down. Will Black voters be angry?

The U.S. Federal Reserve may start cutting interest rates before year's end. That could make future trips abroad more expensive for the nation's travelers.

Japan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher

Keir Starmer described the British economy as «in a bad state» on Monday, saying his new government would make the decisions needed to bring about change. «The economy is in a bad state, I think the whole country knows that. That's why there was such a strong mandate for the incoming Labour government for change,» Starmer, who led his party to a landslide election win last week, said. «What we now have to do is to get on and deliver that change.»

property sector in crisis and deflation fears. Here AFP looks at the main challenges facing the world's second-largest economy:

Any euphoria over the size of its win, though, will be quickly overshadowed by the scale of the economic challenges facing the next government. Among economic data this week, inflation cooled last month in the euro zone, the US labor market showed further signs of moderating and Japan’s household spending retreated.

Mint. Bhargava said incentivizing EVs is good, but only incentivizing EVs alone will slow down our “national carbon reduction goals".He added that the dominance of petrol and diesel vehicles has to be reduced in favour of vehicles with alternative fuels which offer lower emissions. He expressed that the Uttar Pradesh government's directive to waive road tax on hybrid cars would negatively impact the sales of petrol and diesel cars.