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Also Read: Credit card consolidation: How to effectively pay off debt? Here are 6 key waysCredit card fraud has been on the rise globally, with billions of dollars lost annually to fraudulent activities. According to a report by Nilson, global card fraud losses reached $27.85 billion in 2019 and are projected to exceed $35 billion by 2025.

tax (GST) council which is meeting today is likely to take up host of reforms including conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, empowering the centre and states to quash tax notices on industry specific trade practices and putting a sunset clause on anti profiteering cases. The council may also decide on reducing the pre deposit for filling appeals to 7% from 10%, may set a monetary threshold for filing appeal in GST Appellate Tribunal and hight court and apex court and may set deadline for issuing summons even in case of willful default. The proposals once passed would set the ground ready for next level reforms in goods and services tax regime which will complete seven years in July. Also it may open window for relief to insurances, non banking financial services, banks, airlines and shipping companies facing tax demands along with penalties.

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Hinduja family were convicted on Friday for exploiting underpaid servants at their luxurious villa in Geneva, Switzerland. The elder family members, Prakash Hinduja (78) and Kamal Hinduja (75), who were absent from the trial due to health issues, received sentences of 4 1/2 years each. Ajay Hinduja and his wife Namrata, who were also not present in the courtroom, were sentenced to 4 years, as reported by Bloomberg. The Hinduja family's business manager, Najib Ziazi, received an 18-month suspended sentence. The Hindujas expressed their dismay at the court's decision and announced an appeal has been filed to a higher court. They hope to overturn the verdict, which found them guilty of exploiting vulnerable domestic workers, as reported by PTI.

International Yoga Day 2024: Transcending the boundaries of cultures and ethnicities, Yoga has become a global movement for fitness enthusiasts and those who want to adopt a healthy lifestyle. The celebration of International Yoga Day on June 21 worldwide is a testimony of the growing influence of the ancient Indian practice.

Purchasing a house is a major accomplishment in an individual's life and it frequently requires significant financial support. One approach to make this process more manageable and beneficial is by considering a joint home loan.

Recently, leaders from India's corporate sector advocated for reducing the income tax burden on individuals, increasing capital expenditure, and implementing measures to control food inflation during their nearly two-hour meeting with Finance Minister Nirmala Sitharaman ahead of the Union Budget. In their pre-Budget discussions with Sitharaman, industry representatives emphasized the need for heightened focus on infrastructure development to sustain economic growth. They also highlighted the importance of bolstering the MSME (micro, small, and medium enterprises) sector, which is crucial for the Indian economy and a key source of employment.

strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC. «In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET),» the Department of Defence said in a press release on Friday. The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022.

Red Sea needs to more than double in size because of escalating attacks by Iran-backed Houthi rebels, the head of the operation said. Four EU vessels have been patrolling the waters off the coast of Yemen since February. In that time, they’ve provided “close assistance” to 164 ships, shot down more than a dozen unmanned aerial vehicles and destroyed four anti-ship ballistics missiles, Rear Admiral Vasileios Gryparis said in an interview on Wednesday. The Yemen-based Houthis began attacking vessels last year to pressure Israel and its allies over the war in the Gaza Strip. Their campaign has roiled global shipping, forcing many vessels to sail thousands of miles around southern Africa instead — despite the EU operation and US and UK bombing that began in January.

GST) Council is likely to consider a number of measures at its meeting on Saturday that are expected to set the tone for broader tax reforms in the first full budget of the newly elected government. The council may discuss the use of GST cess amount collected from sin goods such as pan masala, cigarettes, etc. which may amount to Rs 70,000 crore. Other discussions may include the conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, barring cases of wilful default and review of the decision to levy 28 per cent GST on the full value of bets for online gaming companies The GST Council may also deliberate on streamlining timelines for issuing notices, establishing monetary thresholds for pursuing disputes in the GST Appellate Tribunal, and setting a deadline for anti-profiteering cases. These reforms aim to minimize tax litigation and enhance the ease of doing business.

Boeing Starliner's return to Earth from the International Space Station with its first crew of astronauts has been postponed, NASA said on Friday. NASA did not provide a new date, raising questions about when the mission's two astronauts will return as more testing and technical issues have created more delays.

Gautam Gambhir urged the International Cricket Council (ICC) to scrape away the two new-ball rule in white-ball cricket as he feels it is unfair to the finger-spinners. The rule was implemented by the ICC in October 2011 in the ODI format. The new stipulation helps the ball retain its shine and reduces reverse swing as well as the chances of seeing a finger-spinner make an impact. Gambhir didn't hold back while discussing the drawbacks of the rule, which leads to a disadvantage to the finger-spinners as it is unfair to them.

Prime Minister Justin Trudeau has made increasing housing a top priority by committing to “the most comprehensive and ambitious housing plan ever seen in Canada.” Unfortunately, he is also committed to muddled policies that kneecap his housing goals.

Raymond James has augmented its advisory network in the Southern US market as a former Ameriprise advisor jumps ship in Florida.

personal guarantors seeking to resolve their financial difficulties", the Ministry of Corporate Affairs (MCA) said in a communication to stakeholders. Personal guarantors give lenders an assurance of the repayment of loans taken by corporate debtors. Usually, these individuals are promoters or directors of the companies concerned or occupy key positions in them. Earlier this week, the insolvency regulator floated a discussion paper seeking to make it difficult for personal guarantors of defaulting firms to escape liabilities.

List of 10 best stethoscopes for nurses that help in reliable diagnosis:

Fintech provider wealth.com has unveiled a new estate management tech suite exclusively designed to help firms and advisors with wealthy and ultra-affluent clients’ estate planning.

Worldcoin’s (WLD) price, around $2.80, has significantly declined in the past weeks. But impressively, this has still not made the WLD holders offload their holdings to offset their losses. This is evident upon observing the active addresses by profitability. The total number of participating addresses in profit is less than 3%, and when these investors dominate 25% of the activity, a concern of profit taking rises.

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Also read | With premium coffees and pricey hair serums, consumer goods makers woo the well-heeledHUL’s turnover in the financial year ended 31 March increased 2.5% year-on-year to ₹59,579 crore, while profit after tax rose 1.5% to ₹10,114 crore. Volumes grew 2%.While HUL is focused on expanding its premium products portfolio, Paranjpe is hopeful of a recovery at the mass-end of the market.“It is really the mass-end of the business where inflation had squeezed discretionary incomes of people and curtailed demand.

India lodged a «strong protest» with the Canadian High Commission in Delhi opposing the organisation of 'Citizen's Courts' by Khalistactivists in Canada. «We have strongly protested at the Canadian High Commission here. Such courts or gatherings are not helpful at all. We have strongly taken it up with them and asked them to take appropriate action in the matter,» said Randhir Jaiswal, spokesperson for the Ministry of External Affairs (MEA) in response to ANI's question. Jaiswal emphasised India's stance against providing political space to extremist anti-India elements and those advocating violence.