President Financial News
18.07 / 14:37
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Karnataka's Jobs for Locals Bill: Will clear confusion in coming days, says CM as BJP urges govt to pass the law in current session
private companies has not yet been discussed in detail in the Cabinet as he came under pressure from the Opposition BJP to present the draft law in the ongoing legislature session itself. “There was some confusion (over the bill). We will clear the confusion in the coming days,” the CM posted on microblogging site X, while adding that it would be placed again before the Cabinet for detailed discussions. In a last-minute decision, Siddaramaiah Wednesday night announced putting the jobs bill on hold after it triggered widespread backlash from captains of the tech industry and the industry body NASSCOM.
18.07 / 13:49
18.07 / 13:40
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California first state to get federal funds for hydrogen energy hub to help replace fossil fuels
California will be the first state to receive federal funds under a program to create regional networks, or “hubs,” that produce hydrogen as an energy source for vehicles, manufacturing and generating electricity
18.07 / 13:34
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Chandigarh-Dibrugarh Express accident LIVE: Passenger recalls 'explosion' before train derailed, ‘felt strong jolt and…’
₹2.5 lakhs for grievous injury and Rs. 50,000 for those who suffered minor injuries.The Railway Ministry said that a high-level enquiry has been ordered alongside the CRS enquiry.According to an NDTV update, the driver of the derailed passenger train claims to have heard a loud noise before the accident.“Failure of automatic signal, lapses at multiple levels in managing operations and non-availability of critical safety equipment such as walkie-talkie with the loco pilot and train manager are some of the reasons cited for collision in the probe report.
18.07 / 13:31
COST
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2020
Chinese-led consortium pulls out of contract to build Cyprus' first natural gas import terminal
A Chinese-led consortium has pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year
18.07 / 13:30
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Stock market today: Wall Street mixed early following tech slide on China trade fears
Premarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China
18.07 / 13:29
18.07 / 13:24
18.07 / 13:19
security
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Vietnam's President To Lam becomes caretaker of Communist Party while chief Trong focuses on health
The Vietnamese Communist Party says President To Lam on Thursday became the caretaker of the Party while its general secretary Nguyen Phu Trong focuses on receiving treatment for his health
18.07 / 13:14
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The uncertainty that plagues life in crisis-ridden Venezuela is also wreaking havoc on relationships
In crisis-ridden Venezuela, nothing has been spared the uncertainty that plagues everyday life
18.07 / 13:12
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European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again
18.07 / 12:37
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No tax rebate u/s 87A allowed on short term capital gains from equities despite being eligible, what experts demand from govt
Income tax rebate under section 87A of the Income-tax Act 1961, is a tax benefit which reduces a taxpayer's net quantum of tax payable to nil if they meet the total income condition. It is given only to those taxpayers who have an income up to Rs 5 lakh under the old tax regime or up to Rs 7 lakh under the new tax regime. However, following an update in the ITR filing utility on July 5, 2024, experts have noted that many taxpayers were denied the benefit of tax rebate under section 87A if they had a special rate income. According to Anand Bathiya, president, Bombay Chartered Accountants' Society (BCAS), «Post 5th July 2024 the income tax return (ITR) filing utilities are not allowing the rebate under section 87A for various special rate incomes, including short-term capital gains on equity shares or equity oriented mutual funds taxable at 15% under Section 111A.»
18.07 / 12:21
18.07 / 12:19
18.07 / 11:43
18.07 / 10:27
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Joe Biden cancels additional $1.2 billion in student debt
Joe Biden on Thursday canceled another $1.2 billion in student debt for 35,000 borrowers, bringing the total number of people to benefit from his debt relief push to 4.76 million, despite Republican opposition. Republicans have called the Democratic president's student loan forgiveness approach an overreach of authority and an unfair benefit to college-educated borrowers while others received no such relief. Each of the beneficiaries under the plan will receive $35,000 in debt cancellation, the White House said in a statement.
18.07 / 10:21
Provident
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country
Colleges
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Consensus among all sections prerequisite for UCC, can't be forced: SP MP Nadvi
Uniform Civil Code and any move that does not consider the views of all sections is a forced one and hence against the Constitution, says Samajwadi Party MP Maulana Mohibullah Nadvi. In an interaction with PTI editors at the agency's headquarters here, the imam of the Jama Masjid across the road from Parliament also said issues of the Muslim community were the same as that of other sections in the country and education and health have to be a priority for development. The Rampur MP, whose Lok Sabha polls candidature caused a flutter with SP veteran Azam Khan reportedly opposing it, hailed Khan as a big leader of the state, party and Rampur. «There was no opposition, the election was fought with everyone's support. I did not face any such thing (opposition). There are no differences with him,» he added
18.07 / 08:44
Racing
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International
From "Kamala can't win" to "can Kamala win?": Joe Biden's stance on 2024 US Presidential re-election
Biden's predicament comes amidst increasing frustration and anxiety within the Democratic Party, which has been simmering for nearly three weeks since his dismal debate performance in Atlanta. According to multiple Democratic officials who spoke to CNN, the atmosphere within the White House and the Biden campaign has shifted notably in recent days. A senior Democratic adviser, who requested anonymity to avoid alienating the campaign and the White House, told CNN, «The private conversations with the Hill are continuing. He's being receptive. Not as defiant as he is publicly.» The adviser elaborated, «He's gone from saying, 'Kamala can't win,' to 'Do you think Kamala can win?' It's still unclear where he's going to land but seems to be listening.»
18.07 / 08:33
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Cycling
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India, Japan, Taiwan trinity on top of investor mind, shows BofA survey
Asian fund managers by brokerage BofA shows that the triad of Japan, India, and Taiwan continue to be at the top of investor mindshare, while China and Thailand lag at the bottom from an allocation perspective. Asia Pacific fund managers are 51% overweight Japan, 32% overweight India and 24% overweight Taiwan while China (net 43% underweight) is at the bottom of the table.
18.07 / 08:24
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War
Modi vibes well with Trump. But India may not be ready for a second Trump term
Having survived an assassination attempt, and shown defiance and fighting spirit while under attack, former US president Donald Trump has improved his chances of beating a frail-looking Joe Biden, who struggles to convince American voters that he retains the mental acuity to continue in office for another term. Should Trump emerge as the 47th President of the US, as is highly likely, global geopolitical and geoeconomic conditions would swiftly change, given his economic policy plan announcements. This will impact India directly and indirectly through the global spillovers.
18.07 / 07:04
UPS
security
President
War
country
Prospect of Trump’s return to dominate European Security Summit
The coming U.S. presidential election, with the growing prospect of a return of Donald Trump to the White House, promises to have profound repercussions for Europe’s security, future trans-Atlantic relations and the conflict in Ukraine—changes with which European leaders are starting to grapple. Trump’s pick of Sen.
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