Prevention Financial News

Amit Shah on Tuesday said Budget 2024-25 will fuel the country's pace on the path of emerging as a developed nation by ushering in a new era of employment and opportunities. He also said the budget reflects Prime Minister Narendra Modi's «unwavering commitment» to driving economic growth by bolstering India's entrepreneurial power and ease of doing business.

markets after Finance Minister Nirmala Sitharaman proposed to increase tax rates on long-term capital gains (LTCG) and short-term capital gains (STCG). The rupee ended at 83.687/$1, after slipping to a record intraday low of 83.71/$1 during the day, LSEG data showed. The previous all time low was ar 83.67/$1

U.S. Centers for Disease Control and Prevention, dogs that have spent the prior six months only in dog rabies-free or low-risk rabies countries, such as Canada, will now be able to enter with a CDC import form online submission receipt as acceptable documentation.This form can be filled out on the day of travel and the receipt can be shown to airlines and border officials as a printed copy or by phone.

Finance Minister Nirmala Sitharaman made no announcements regarding crypto taxes in the Budget, which the crypto industry views as a missed opportunity to support crypto startups and investors. «We had hoped the government would reduce taxation to align it with other asset classes. Unfortunately, this has not been addressed, representing a missed opportunity to support startups and investors in the crypto space,» said Ashish Singhal, Co-founder of Lemonn and CoinSwitch.

In a meeting set for 23 August, shareholders will vote to refresh the £1.6bn trust's buyback policy, which aims to repurchase shares when the discount approaches 5%, within normal market conditions.  The board said in a stock exchange notice today (23 July) that the move is to prevent FGT from being unable to implement the buyback policy.  Since its 2024 annual general meeting held in January, the trust has repurchased 20.6 millions of shares for £175.1m, representing 70.2% of the existing buyback authority. Nick Train vows to stick to his guns as Finsbury Growth & Income bets big ...

The United Nations Security Council has unanimously approved more transparent procedures for the hundreds of individuals, companies and other entities who are subject to U.N. sanctions and want to get off the blacklists

The last time Congress passed a law to protect children on the internet was in 1998 — before Facebook, before the iPhone and long before today’s oldest teenagers were born

policy framework, the Economic Survey 2023-2024 on Monday said the government should consider export bans on agricultural products only in specific situations and avoid banning futures or options markets at the first sign of any price surge to let markets function in the interest of farmers. India either banned or imposed curbs on exports of major agricultural items such as wheat, rice, sugar and onions as erratic weather hurt output, inflating prices in the domestic market. The Centre also banned trading in wheat, paddy (non-basmati), chana, mustard seeds, soya bean and moong to prevent any price surge.

A coalition of seven U.S. states has come together to challenge the Securities and Exchange Commission’s (SEC) regulation of cryptocurrency.

children on the internet was in 1998 — before Facebook, before the iPhone and long before today's oldest teenagers were born. Now, a bill aiming to protect kids from the harms of social media, gaming sites and other online platforms appears to have enough bipartisan support to pass, though whether it actually will remains uncertain.

rupee recovered from its all-time low level and appreciated by 5 paise to 83.65 against the US dollar in early trade on Monday, as the American currency retreated from its elevated level. Forex traders said foreign fund inflows and possible intervention by the Reserve Bank of India (RBI) supported the rupee at lower levels and restricted the downfall. At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early high of 83.65, registering a gain of 5 paise from its previous close.

Bangladesh situation remaining tense and volatile, notwithstanding the decision by the country's Supreme Court on Sunday to scrap the student reservation policy which is the genesis of the current crisis. Opposition BNP through the Jamaat-e-Islami has threatened to unseat the Hasina government and has launched a campaign to influence the country's Army to prevent it from safeguarding the dispensation. A fake letter signed by «junior officers» of Bangladesh Army was circulated with an aim to pressurise the Army Chief to take a neutral stand. Dhaka-based sources told ET that the country's security establishment is backing Prime Minister Sheikh Hasina. On Sunday Bangladesh's Supreme Court scrapped most of the quotas that have sparked protests and in which at least 114 people have been killed. The Supreme Court's Appellate Division dismissed a lower court order that had reinstated the quotas, directing that 93% of government jobs will be open to candidates on merit, without quotas, reports said.

In the past few years, there has been a gradual positive shift in the right direction. The government has provided clarity on taxation, and crypto exchanges are now reported entities under the Prevention of Money Laundering Act (PMLA). However, the tax rate remains high, which is negatively impacting the growth of the ecosystem. This situation has led to a migration of trading volume to international exchanges, posing higher risks in terms of compliance and customer protection.

Chabutaras are 11-22ft tall structures made of wood, stone or concrete, designed specifically for birds. These traditional bird-feeders, though slightly outlandish looking, are an intrinsic part of the city’s visual and cultural lexicon. Ahmedabad is a city with an admirable population of sparrows, mynas, pigeons, old world babblers and purple sunbirds.

Congress parliamentary group meeting chaired by CPP chairperson Sonia Gandhi is likely to be held on Monday to chalk out the strategy for the upcoming budget session, sources said. The meeting will be held at the residence of Sonia Gandhi. Meanwhile, an all-party meeting will be held at 11:00 am today at the Main Committee Room, Parliament House Annexe, New Delhi.

This is what exactly the counter-sniper from the US Secret Service faced when he eliminated Thomas Crooks who tried to assassinate Donald Trump at Butler in Pennsylvania. The Secret Service counter-sniper killed him with a single shot which has been described as a ‘one in a million shot’ by Fox News.

energy crisis. He criticized the current administration for its policies which have burdened the population. The focus of the speech was on controlling inflation, giving relief from high rates of taxation and arresting the energy crisis in the country. The former US President has expressed confidence at winning the upcoming presidential poll in November. He accused the current administration of cancelling of his previous policies during his first term of presidency.

global outage issue has put the world's major services including banking and aircraft operations into a standstill after Microsoft applications and services were unresponsive for users across different countries. The global outage, according to reports, was majorly due to a CrowdStrike issue that prevent Microsoft systems from booting up accurately, with a blue dead screen cropping up.

Rio de Janeiro next week, following two years of geopolitical disputes that overshadowed their work and raised questions about the very purpose of the G-20. Geopolitical clashes, particularly the conflicts in Ukraine and Gaza, will be addressed in a separate chair statement published by the host nation together with the communique, according to ambassador Mauricio Carvalho Lyrio, the secretary for economic and financial affairs at Brazil's foreign ministry. «We need to resume the production of documents by the G-20,» he told reporters in Brasilia on Friday. «We will no longer demand the inclusion of language about geopolitics in ministerial documents.» Deep disagreements over the wars prevented G-20 finance chiefs from issuing a communique in February, when they met in Sao Paulo under Brazil's rotating presidency of the group. The same happened in India last year and in Indonesia in 2022. President Luiz Inacio Lula da Silva's presidency of the G-20 is facing steep challenges in a tumultuous international climate dominated by contentious elections and the wars. Still, Brazilian authorities say discussions around his main proposals are making progress. The leftist leader has been pushing for the creation of a global minimum tax on billionaires to fund actions against climate change and programmes to eliminate world hunger.

Supreme Court seeking directions to the Centre and states for taking appropriate steps to eradicate the menace of superstition, sorcery and other similar practices. The plea says a strict anti-superstition and sorcery law is urgently needed to do away with the unscientific acts prevalent in the society that adversely impact the community and also to prevent fake seers from exploiting innocent people. The petition, filed by advocate Ashwini Kumar Upadhyay, has also sought directions to the Centre and states for taking steps to develop a scientific temper, humanism and the spirit of inquiry and reform among the citizens in the spirit of Article 51A of the Constitution, which deals with fundamental duties. «Petitioner is filing this writ petition as PIL under Article 32 seeking appropriate writ, order or direction to Centre and states to take appropriate steps to control superstition and sorcery in order to secure the fundamental rights guaranteed under Articles 14, 21, 25 of the Constitution,» the plea, filed through advocate Ashwani Kumar Dubey, says.

France’s divided National Assembly has kept a centrist member of President Emmanuel Macron’s party as speaker