Moodys Financial News

June 25 is the day the capital gains inclusion rate increase comes into effect. Even though the particular legislation is not yet in a bill and thus not passed into law, it’s quite clear it will become so later this year with legal effect as of that day.

transmission system projects costing ₹13,595 crore, to evacuate 9 GW of renewable energy from Rajasthan and Karnataka. The two projects will be implemented through tariff-based competitive bidding. These projects, or schemes, are part of the government's target to set up 500 GW of renewable energy capacity by 2030. Out of this, 200 GW is already connected, a power ministry statement said.

renewable energy capacity in the ongoing financial year, higher than last fiscal's addition of 18.4 GW, two senior government officials told ET. Renewable energy sources contributed 71% to the 26 GW of power generation capacity that India added in FY24, according to the Council on Energy, Environment and Water. Nodal agencies with auction responsibility are likely to bid out 50 GW of renewable energy capacity in the ongoing FY25, as is the decided trajectory for each of the five years starting FY24. In the last fiscal year, the agencies auctioned around 51 GW of such capacity, according to one of the officials.

crash that destroyed the bridge beyond repair and shut down the highly traveled north-south artery in both directions for a couple weeks until an interim patch that made use of lightweight glass nuggets was in place. A permanent bridge opened to traffic in November and the highway returned to normal operations last month.

baby powder. This agreement comes after extensive scrutiny over claims that these products caused cancer.

In a blaze of rhetoric that partisan politicians and their followers would be proud of, Finance Minister Chrystia Freeland finally released some of the legislative details about the proposed change to the capital gains inclusion rate from the current 50 per cent to two-thirds for corporations and most trusts as well as for individuals who have more than $250,000 of annual capital gains.

Narendra Modi will take oath for the third time as the prime minister but in a significantly altered situation. Allies, including big regional parties such as the TDP and the JD(U), will prop up Modi 3.0. Many say they will extract their pound of flesh which might result in Modi's agenda of economic growth suffering a drastic change or a slowdown. However, many others think there will not be any substantial change in the direction of Modi's economic agenda as only bold reforms can take a backseat while all else continues as it is. Fitch Ratings on Wednesday reinforced its ‘positive’ outlook on India's medium-term economic growth.

I recently had a quick chat with a young friend of mine who works in the public sector and leans heavily left, so we often get into friendly but lively debates about tax and economic policy. The topic d’jour, of course, was the proposed capital gains inclusion rate increase.

Moody's rating agency has highlighted that India's fiscal consolidation pace post-Covid has underperformed compared to its peers, including emerging markets in the Asia-Pacific region.

India's sovereign outlook after 10 years to 'positive,' citing improved quality of public spending and expectation of broad continuity in reforms and fiscal policies. India's rating remains unchanged at BBB-. The agency said the country's rating could be upgraded in the next 24 months if it adopts a cautious fiscal and monetary policy that reduces the government's elevated debt and interest burden while bolstering economic resilience. «It's a welcome development,» finance minister Nirmala Sitharaman posted on X, «It has been possible due to the series of macroeconomic reforms undertaken since 2014, along with substantial outlay for capex, fiscal discipline, and decisive & visionary leadership.» Expressing enduring confidence in the economy, economic affairs secretary Ajay Seth told ET, «I am glad S&P, in its own assessment, has realised the strength of India's economy and upgraded outlook… The team led by the chief economic adviser could convince them (S&P) to reach (this) assessment.»

Rating firm S&P on Wednesday revised outlook for the Indian economy to 'positive' from 'stable' and has affirmed the overall rating at 'BBB-'. 'BBB-' is the lowest investment grade rating offered. «India's robust economy growth positive impacts credit metrics,» S&P said. «The government's infrastructure spend will aid India's growth trajectory. We expect a continuity in India reforms regardless of poll outcome,» S&P said.

It’s almost the summer season, when we get to enjoy BBQs, camping, swimming outdoors and working on our tans for a very short period of time. But wait. Isn’t there an important June date coming up that affects the taxation pocketbook of millions of Canadians?

Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it.

OpenAI will start using news content from News Corp. as part of a multiyear deal between the two companies

Mansion Global host and Fox News real estate contributor Katrina Campins weighs in on February housing data and the NAR proposing new commission rules.

The Bank of Canada‘s June 5 interest rate call is looming ever closer, presenting the tantalizing possibility of a first interest rate cut in just over four years. But there are still hurdles to clear before the central bank can pull the trigger, one Big Six bank economist is arguing.

It’s been almost a month since the Canadian federal budget was released and the long tail on budget articles and comments is normally not that long — perhaps a few days or a week at best.

The Canadian federal budget has been out for a week, which is plenty of time to absorb just how terrible it is.

Espncricinfo, Tom Moody said, “42 years old, still very fit, still very focussed, still very hungry, but the puzzle is, he does not play any cricket coming in and playing in the IPL. It is hard to come out of the cold and suddenly have that expectation to be able to perform at an elite level is near impossible." Wasim Jaffer continued, “It's incredible. Hitting in the death (overs) is the most difficult things, to the bowlers who are in the top of their game and playing international cricket.

Why isn't MS Dhoni being promoted up the order for CSK? Stephen Fleming says… Former Australian cricketer Tom Moody has jumped into the debate about Mayank Yadav's inclusion in India's T20 World Cup squad. In an interaction with ESPNCricinfo, Moody praised the young pacer saying, “I've loved what I saw for a first couple of games, it was quite extraordinary to the point you want to see the replays of that game. But you cannot have a knee-jerk reaction and pick him in the World Cup, when he has only played two games and got injured" “You don't really know what he's capable of doing over a long period of time, under pressure and in different roles.

Merrill Lynch recently bolstered its ranks with the addition of a group of advisors managing $3.5 billion in client assets from J.P. Morgan Wealth Management.