UPS Financial News

₹16.13 trillion, compared with ₹16.85 trillion in the interim budget, as the finance minister sought to send a strong signal to the market and rating agencies about the government’s commitment to fiscal prudence. The gap between receipts and spending will partly be financed by market borrowing of ₹11.63 trillion, compared with ₹11.75 trillion projected in the interim budget. In the financial year ended in March, the government had raised ₹11.75 trillion from the market.

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

Fighting climate change is difficult partly because humans are weird. It’s difficult to get them to care about their own future well-being much less that of entire future generations. People blow retirement funds.

Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla . The duo kicked off results from the so-called Magnificent Seven stocks after the market closed, with both recording positive revenue numbers for the second quarter,

budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is that capital gains are intact, only the capital gains tax is higher.

STT) — collected on trades done in equities or derivatives on the exchange platform —for the sale of futures and options. The move is expected to dampen the heightened activity in stock futures and options that was seen as a matter of concern for the authorities and the regulators.

The leading platform in crypto education, 99Bitcoins ($99BTC), is entering the final stretch of its presale and is slated to wrap up fundraising efforts by August 6.

Union Budget 2024, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum, said that it is a pretty balanced budget focused on job creation.

crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.

After bagging $4 million last week, Pepe Unchained ($PEPU) is back on the grind, pushing its total funds raised to over $5 million.

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.

Used car prices in Canada are coming down from last year’s peaks thanks to a surge in inventory and buyers shifting back to the new vehicle market, according to a new report.

economic growth and development. Multiple measures in the budget have states as their touchpoints. The ambition on agriculture reforms, the ₹1.1-trillion infrastructure push, development of industrial parks with states to spur manufacturing, urban development plans and ramp-up of skilling, among others, are all projects that envisage intense cooperation between the Centre and states.

A former broker with 28 years of experience in the securities industry was arrested Sunday in Mercer County, Ohio, and was indicted on 96 criminal counts for allegedly defrauding Ohioans out of more than $1 million, according to a statement yesterday from the Ohio Department of Commerce.

India Post Spreads Wings: To deepen penetration of banking in northeast, FM has announced plans to have more bank branches in the region. More than 100 branches of India Post Payments Bank will be set up there.

HNW and UHNW clients are increasingly seeking more estate planning services. However, it’s also an area that’s currently underserved in the market, as Aaron White, chief growth officer and wealth advisor at Adero Partners, an independent RIA in California, attests.

middle class are the primary focus of the budget, finance minister Nirmala Sitharaman said. In a post-budget media briefing, the minister spoke about the government's attempts to simplify the tax regime and spur job creation. Edited excerpts:

tax rate for foreign companies to 35% from 40%, aiming to attract more overseas firms to set up a permanent base in the country and boost foreign inflows. «We want more investment to come into the country that is why it has been brought down,» Sitharaman told reporters after the budget. The government decision will benefit overseas companies looking to open branch offices such as branches of foreign banks and warehouses in India with a permanent establishment tag. It will also help those looking to open project offices for undertaking engineering, procurement, and construction (EPC) contracts. «When the tax rate for domestic companies was cut, the gap between the two had further widened...so it had to be narrowed,» said finance secretary T V Somanathan. The tax cut along with the scrapping of taxation for foreign shipping companies operating cruises in India, and safe harbour rates for foreign mining companies selling raw diamonds is expected to further enhance the country’s attractiveness as a destination for foreign capital.

GOING DOWN Imported cancer drugs trastuzumab deruxtecan, osimertinib, and durvalumab— customs duty cut to nil from 10%.

Jasper National Park in western Alberta on Monday are talking about what it was like to flee after a wildfire evacuation order was issued at this busy time of year for the area.“It’s wall-to-wall traffic,” said Carolyn Campbell, of Edmonton, in a phone interview with The Canadian Press from her vehicle.“(The smoke) is pretty thick. We’ve got masks in the car.”The mountainous park normally sees full hotels and campgrounds in mid-July.