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Read this | Mint Primer: The budget in 5 minutes The one thing we know is the three schemes are framed in formal-sector employment. This takes the shape of workers being registered with the Employees’ Provident Fund Organisation (EPFO), which is mandatory for firms with 20 employees or more. In the last few years, net new EPFO enrolments have risen progressively, with first-time employees aged 25 years and below accounting for about 50% of net additions to EPFO payrolls.

₹125,000 from ₹100,000, effective from 23 July 2024. All transactions from this date will fall under the simplified capital gains regime.

Geeta, who gained national attention when she returned to India from Pakistan in 2015, has cleared her Class 8 exams with good marks and is now aiming for a government job. The 33-year-old woman, who has speech and hearing disabilities, achieved a score of 411 out of 600 in the exams conducted by the Madhya Pradesh State Open School Education Board. She excelled particularly in social science and Sanskrit.

India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said.

PARIS—France is transforming its capital city into an open-air fortress, rolling out the largest peacetime security operation in the country’s history to protect athletes, residents and more than 10 million visitors during the Olympic Games. Officials say as many as 45,000 police, 10,000 soldiers and 22,000 private security guards will keep watch at the Paris Olympics, which begins Wednesday and spans the heart of the city—on streets, at landmarks and in the waters of the Seine River. Place de la Concorde, the city’s largest public square, is set up for BMX bike races, skateboarding and breakdancing, a French addition to the Games.

Money talks, as they say, but even $23 billion of it did not convince the founders of Wiz Inc to sell the business to Alphabet Inc, parent of Google. Wiz, a New York-headquartered cybersecurity company that until recently would have been confused with a Hungarian low-cost airline or the name of a rapper, has apparently made the mother of all jiujitsu moves against the acquisitive tech giant.

₹1.25 lakh per year will soften the blow, but only to a miniscule extent. India is a developing country where most of the savings are still parked in fixed assets. Mutual fund penetration is around 15% against the global average of 75%.

Several Republican lawmakers seized on gender and diversity, equity and inclusion efforts at the Secret Service as among the reasons for security lapses during the assassination attempt on former President Donald Trump

Farmers in Africa are blaming chemical fertilizers for increasingly acidic soils that have led to production decline

The hurricane season roared into the U.S. with Hurricane Beryl hitting Texas in early July

China’s Baosteel says it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million

Wiz, a cloud security firm based in New York, has rejected a proposed $23 billion acquisition deal offered by Google parent Alphabet, according to a Wiz memo seen by CNBC

Mahindra Financial Services Ltd. is Rs 295.05. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36553.15 Crore) operating in NBFC sector.

fiscal prudence and whether the budget would indicate a populist turn by the government. However, the message is that of continuity. Apart from the increased allocation of resources to the states of the two coalition partners, there does not seem to be any meaningful difference between the earlier budgets and the current one. The government continues to be on the path of fiscal prudence and consolidation. There is an emphasis on employment, skilling, and the social sector, and rightly so. There has been some worry about economic growth not fully translating into employment growth. Given the increasing number of young Indians joining the workforce, it was important to address the skilling needs of the people and incentivise the companies to hire more freshers. Encouragement for domestic manufacturing and services continues and the measures announced were on expected lines.

budget delivered on most counts for the economy, but may have disappointed the market through higher capital gains tax on equities and securities transaction tax on futures and options. On the positive side, we highlight (1) the moderately higher spending on farm and rural economy and lower income tax for middle-income households, which is a positive for consumption, (2) the thrust on employment generation through several new measures and (3) fiscal consolidation, which is a positive for bond markets and yields. On the negative side versus market expectations, we note (1) the unchanged capex compared with the interim budget figure and (2) a higher capital gains tax on equities. The government may pursue further rationalisation in the capital gains structure for various asset classes over a period of time. The government increased allocation to revenue expenditure (6.2% increase versus 3.2% in the interim budget) and cut income tax rates for middle-income households, which is a positive for consumption sectors. The higher proposed spending on social welfare schemes and rural development will drive a faster recovery in the farm and rural economies. The reduction in income tax rates for the lowest income tax slabs corresponding to middle-income households should provide an impetus to two-wheeler, consumer durables, QSR and other discretionary items.

Investors must now shell out more taxes on gains from listed stocks and equity mutual funds. The government in the budget on Tuesday proposed raising the capital gains tax on profits made from listed equities — both for the short term and the long term. Capital gains are profits or gains arising from the sale of stocks, equity-oriented products, and real estate. The tax differs for various products depending on the time frame and period. The tax on long-term capital gains (LTCG) — profits on equities held for more than a year — was raised from 10% to 12.5%. Tax on short-term capital gains (STCG) — profits booked within a year — rose from 15% to 20%.

The IRS has finalized its proposed 10-year RMDs rule for inherited retirement assets, and advisors say its NBD.

«While the overall sentiment remains positive without signs of weakness, the market appears overbought by various measures. Therefore, we advise against aggressive long positions,» said Rajesh Bhosale, Equity Technical Analyst, Angel One.

OpenAI Chief Executive Sam Altman said on Tuesday the ChatGPT maker's AI safety leader Aleksander Madry was working on a new research project, as the startup rejigs the preparedness team.

Ethereum co-founder Vitalik Buterin has introduced a cryptographic protocol called Circle STARKs to enhance blockchain security and efficiency.

Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipsos poll found.