Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Everybody is at least a little scared of turning 40. Well, maybe not everybody, but the conventional wisdom is that many people stare down their fifth decade with a touch of dread. Reaching a new decade is always weird. Turning 30 says "adult." Hitting 50 means you're officially AARP-eligible. At 40, it's so over. You're middle-aged, and the wear and tear of life is almost certainly taking its toll, no matter how faithful you've been to your strict skincare regimen.As millennials approach the milestone, things look a bit different than they did when our baby-boomer parents reached it and declared themselves "over the hill." (I'm a millennial, so I'm using "our" here.) Forty is supposedly the new 30. The start of middle age no longer means sending your kids off to college, getting a divorce, or buying yourself a Corvette. The modern 40 means having toddlers running around, buying your first home, and, at last, catching up on retirement savings. Or looking around and wondering whether some of those life touchpoints passed you by."Things happen in midlife that you may not be prepared for. One is simply that aspirations align with reality," said Carol Graham, a senior fellow in economic studies at the Brookings Institution who has studied happiness (and unhappiness) and aging. "By the time you're 40, 45, you can't sing, and you can't play guitar; maybe it's time to give up on your aspirations of being a rock star." Whether you're prepared for it or not, 40 hits differently — culturally, physically, emotionally. You find yourself in <a target="_blank" href="https://www.businessinsider.com/sandwich-generation-mom-balance-child-care-eldercare-2024-3">the "sandwich" phase of life</a>, managing care for your children and your parents in a body that, as much as you hate to admit it, doesn't work as well as it used to. Suddenly, everyone around you is talking about the importance of weightlifting, lest you fall apart, and debating whether to keep up the dye job or give up the game on the grays. For women, fertility is waning, and menopause is on the horizon. Is that 3 a.m. insomnia the result of stress about your kid's report card, a classic case of existential dread, or a symptom of perimenopause? At work, you realize you're protected from age discrimination, which you feel like you're still much too young for. But now that you think of it, you did take your graduation date off your LinkedIn profile a while back. It just seemed like a good idea.Forty is an arbitrary number, and there's nothing particularly horrifying about it. Nevertheless, for a lot of people, it's terrifying. And millennials — <a target="_blank" href="https://www.businessinsider.com/millennials-gen-z-socks-jeans-brands-aging-cash-advertising-2024-6">a generation that once embodied youth</a> — are knocking at 40's door, if they're not there already.One reason 40 seems daunting: The decade of life ahead is, scientifically speaking, supposed to be miserable. Academic literature on happiness generally suggests that our <a target="_blank" href="https://link.springer.com/article/10.1007/s00148-020-00797-z">satisfaction with life as we age</a> is <a target="_blank" href="https://www.brookings.edu/wp-content/uploads/2016/08/global_20160825_happiness_stress_age.pdf">U-shaped</a>. When we're young, we're happy — and then that declines, bottoming out in middle age, about 40 to 50. (The low point is <a target="_blank" href="https://www.nber.org/papers/w26641">47.2</a>.) As we pass middle age and get older, we get happier again.Hannes Schwandt, an associate professor of human development and social policy at Northwestern University, told me that midlife nadir is like a "biological regularity comparable to a second puberty." It's caused by unmet expectations and aspirations that are painful in midlife but, as his research has found, "beneficially abandoned and experienced with less regret during old age." Basically, your 40s have a "this is it?" vibe that can be upsetting but that fades as you get older, accept things, grow to appreciate your relationships and experience, and get back some independence as your children age."When you're young, you are typically overestimating what you're getting in the future. When you get married, you think that your marriage will last; you don't think that there's a 30% chance you'll be the one that is divorced," he said. "Not everything turns out as nicely, and this can then be just accumulating disappointment."Schwandt added that disappointment leads people to revise their expectations and have a less rosy outlook about the future, so they land in "double misery" territory. The good news is that it gets better. The bad news is that it takes time to figure that out.Millennials were born from 1981 to 1996, so everyone in the '81-to-'84 range — millions of members of the <a target="_blank" href="https://www.businessinsider.com/restaurant-job-gains-march-millennials-dining-out-avocado-toast-2021-4">"avocado toast" generation</a> — has hit 40 or is about to in the next couple of months. Millions more will do so over the next decade. Many are turning 40 having only recently reached typical adult milestones, or having accomplished less than they might have expected. The delays mean the "huh?" aspect that comes with the start of middle age has been redefined."People are getting married later and having their kids later and settling into careers later, and so they may be thinking, 'Man, when my parents were 40, they'd already been married for 15 years and had completed their family and been working in a career for 20 years, and that's just not where I am,'" said Jean Twenge, a psychologist who wrote the book "Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents — and What They Mean for America's Future."Delayed development isn't all bad — having kids later in life when you're more established in your career might remove some financial stress, for example. Millennials are more likely than Gen Xers and baby boomers to have <a target="_blank" href="https://www.pewresearch.org/social-trends/2019/02/14/millennial-life-how-young-adulthood-today-compares-with-prior-generations-2/#:~:text=Among%20Millennials%2C%20around%20four%2Din,they%20were%20the%20same%20age.">a college degree</a>, and, despite the stereotype, they're <a target="_blank" href="https://www.wsj.com/podcasts/google-news-update/millennials-are-now-wealthier-than-generations-before-at-the-same-age/f2aff5e1-ff70-4b34-99c8-1e7a9927d3cb">wealthier</a> than prior generations were at the same age. Life expectancies have increased from where they were decades ago, so 40 isn't as "middle-aged" as it used to be (or at least that's what I'd like to tell myself). Schwandt is 42 and the parent of two young children himself. He posited that delayed development might actually ease some of the midlife crisis, or at least put it off, because people simply don't have the space to sit back and reflect and wonder what might have been."There are many worries and many issues, but I don't even have time to think about those questions," he said. "Once things settle a little bit, the dust settles, then you think, 'Hey, what am I doing? Where am I?'"The upside is that as you get older, you become wiser and better able to handle life hiccups. What felt like a disaster at 20 does not feel that way at 45 — you understand that this, too, shall pass."By the time you get older, you've gone through a lot of bad experiences, and they're not always pleasant, but unless you get really ill and die or you have a really horrible shock, you realize you can get over it," Graham said.Justin Balik, 36, a climate-policy director in New Jersey, told me that one thing that freaks him out about staring down 40 is seeing his first gray hairs, an experience he finds "a little bit terrifying." Bigger picture, it's been jarring to realize there aren't really adults in the room to fix everything — behind the curtain, the Wizard of Oz is just another uncertain person trying to figure it out."When you're younger, you assume that there are people that are smarter than you and that have figured it all out and are working on something," he said. "It turns out that it's just up to all of us, collectively."Kelly, a 39-year-old fundraiser in Massachusetts, has been doing a lot of reflecting ahead of her 40th birthday. She's been journaling about it, talking to her therapist about it, and reading "All Fours," a book about a woman in her 40s. She's not so worried about her fertility — she has a son, and she's a one-and-done mom — but she's aware that her body is changing, as is, maybe, her place in society. There aren't a ton of great examples in popular culture of what her 40s are supposed to look like — the movie "This Is 40," she supposes, or "Father of the Bride," maybe. She remembers the stupid "over the hill" birthday cards her parents got when they hit the milestone."I feel like I'm on the cusp of something, and 40 is that cultural touchpoint for it," Kelly told me. She asked for her last name to be withheld to protect her privacy.Many of the anxieties about turning 40 aren't unique, but Kelly can't help but wonder if she would feel better about it had the pandemic not happened, with the associated lockdowns and workforce upheaval and inflation. It stole the end of her youth. "I didn't get to just gradually and gracefully move into midlife," she said. "There's a bit of the arrested development that kind of came from this extenuating circumstance and not this internal thing." I would be remiss not to acknowledge that the experience of 40 is different for women than it is for men. It's not just that things change physically for women as they get older — they change culturally, too. We put a premium on youth and beauty, especially for women, and as they age, many feel like they're treated as invisible. The antiaging industry targets all genders, but it's mostly women who get told how to stay young.Kelly is lucky that in her field of work, being a little older is a bonus. She has friends who work in tech — a youth-oriented industry — <a target="_blank" href="https://www.businessinsider.com/millennials-ageism-tech-jobs-gen-z-boomers-2024-9">who are struggling to find jobs</a>. They're not making it past interview rounds they're sure they would have flown through five years ago. Maybe that's attributable to a tech-industry hiring slowdown, but they wonder if it's their age. "We're actually having a lot of those conversations about how you have to kind of remove years from your résumé and don't put your graduation date on," Kelly said.The internet, too, gives aging nowadays a different flavor. TikTok and Instagram put generational debates front and center, with Gen Zers and millennials jousting over hair parts and sock lengths and <a target="_blank" href="https://www.businessinsider.com/gen-z-was-right-to-mock-these-millennial-style-trends-2023-10">jeans widths</a>. We're also staring at our aging faces a lot more thanks to Zoom and the ubiquity of cameras in our lives. It makes it easier to compare ourselves to one another. The question isn't just whether my 40 will look like my parents' 40 — it's also whether it will look like the 40 of everyone from my high school."Now you're comparing your 40 to your quote-unquote friends' 40 online through Facebook and Instagram and Snapchat, whatever it may be," said Lindsey Anderson, an associate professor at the University of Maryland who studies aging. You're also aware they're looking at you. "I do think that there's also this increased, maybe, feeling that if you fail in some way, people — it's going to be very visible as well," she said. "Also, I mean 'fail' very much in quotations, because what failure is is really subjective."Aging means moving out of that coveted 18-to-34 demographic that culturally sets the tone on what's cool. There's also no way to sugarcoat the fact that part of aging is decline, decay, and, eventually, death.The story around 40 isn't all doom and gloom for millennials. Because life expectancy is longer and people are taking their time in getting around to "adulting," the story of the 40s is one of extended youth more than a transition into old age. People take better care of themselves these days than they did, say, 50 years ago, so while you can't turn back the clock, those years of slathering on sunscreen do pay off.It's also important to remember that 40 is a random number, Anderson said. "It's all arbitrary," she said. "People age differently."People experience the middle-age dip in happiness differently, too. Those who tend to have a more positive disposition generally have a smoother go of it. Graham, from the Brookings Institution, told me that the U-curve story might be changing — and for some reasons that are quite disturbing. It's not that midlife has gotten easier (sorry, millennials) but that <a target="_blank" href="https://www.theguardian.com/society/2024/mar/20/young-people-becoming-less-happy-than-older-generations-research-shows">young people are unhappier</a> now, too (really sorry, Gen Z)."It's much harder to even think about what is going on in terms of youth unhappiness now, but it's to the point that they don't start higher. So it's not really great. In fact, they may be happier in midlife than they are as youth," she said. "The easy explanations like social media or COVID — they exacerbated something deeper going on, and I don't think we have a full handle on it."It's not clear whether today's young people will buck the trend and become happier as they age or become even unhappier. Turning 40 could be worse for Gen Zers than it is for millennials.I'm a little too close to 40 for comfort, and I was hoping this story would make me feel better. It did, to some extent, in that at least I'm (probably) going to get there, and I have really been good about sunscreen. Plus, after that midlife dip, things get better."You have fun again later," Graham said.<a target="_blank" href="https://www.businessinsider.com/author/emily-stewart">Emily Stewart</a> is a senior correspondent at Business Insider, writing about business and the economy.

Millennials are turning 40 — and it's freaking them out

Mumbai: The Reserve Bank is unlikely to cut the benchmark <keyword id="20071327" type="General" weightage="20" keywordseo="interest-rate" source="keywords">interest rate</keyword> in its forthcoming bi-monthly monetary policy review later in the week as <keyword id="19999652" type="General" weightage="20" keywordseo="retail-inflation" source="keywords">retail inflation</keyword> is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts. Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- <keyword id="19913109" type="General" weightage="20" keywordseo="Monetary-Policy-Committee" source="keywords">Monetary Policy Committee</keyword> (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday. MPC Chairman RBI Governor Shaktikanta Das will reveal the outcome of the three-day discussion on Wednesday (October 9). The <keyword id="19899810" type="General" weightage="100" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (RBI) has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side. In the current context, experts feel that the RBI may not follow the US Federal Reserve, which lowered the benchmark rates by 50 basis points, and the central banks of some developed nations, which have reduced the interest rates. "We do not expect any change in the <keyword id="20094323" type="General" weightage="20" keywordseo="repo-rate" source="keywords">repo rate</keyword> or stance by MPC. The reason is that inflation for September and October will be above 5 per cent, and the present low inflation is due to the base effect. Besides, core inflation is inching upwards," said Madan Sabnavis, Chief Economist, Bank of Baroda. Further, the recent Iran-Israel imbroglio can intensify, and there is uncertainty here, he said. "Hence, the status quo is the most likely option even for new members. Inflation forecast may be lowered by 10-20 bps and no change in GDP forecast likely," said Sabnavis. The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then, it has held the rate at the same level. Icra Chief Economist Aditi Nayar said that given the undershooting in the initial first quarter GDP growth relative to the MPC's forecast and the likely sizeable undershooting in the second quarter CPI inflation print as well, "we believe a stance change to neutral may be appropriate in the October 2024 policy review". This could be followed by a shallow rate-cutting cycle of 25 bps each in December 2024 and February 2025, she added. "The abundant monsoon offers some insurance for crop inflation. The impact of global political developments and geopolitical uncertainty on the growth inflation dynamics remains a risk," Nayar added. An HSBC report said three developments stand out -- softer growth numbers have trickled in recently, inflation has been falling, and the external environment has moved from rate hikes to cuts. "We believe the RBI doesn't gain from waiting any longer. We think it will change its stance from a hawkish 'withdrawal of accommodation' to 'neutral' in the upcoming 9 October policy meeting, followed by repo rate cuts of 25 bps each in the December and February meetings, taking the repo rate to 6 per cent," the report said. The RBI kept the repo rate unchanged at 6.5 per cent in its August bi-monthly review amid risks from higher food inflation. This was the ninth consecutive MPC meeting, which decided to maintain the status quo on the rate front. Pradeep Aggarwal, founder and chairman, Signature Global (India) Limited, said while the real estate industry, developer community, and homebuyers are hoping for an interest rate cut in the upcoming monetary policy review, the RBI is likely to hold on to the interest rate cuts for the tenth consecutive time. "The apex bank still seems uncomfortable with the overall retail inflation scenario, particularly food inflation. As such, it is expected to maintain the status quo. The recent interest rate cut by the US Federal Reserve has ignited similar hopes even in India, but the domestic scenario is very different," he added. SBM Bank India Head Treasury Mandar Pitale believed that the MPC has persistently advocated a restrictive policy until inflation aligns durably towards the 4 per cent target. "With the unfavourable base effect taking the next couple of CPI prints near 5 per cent plus or minus, it will pose a major challenge for MPC to start easing from the October meeting," Pitale said, adding that the MPC is also expected to deliberate upon the global factors like growth-inflation behaviour in developed economies. The government has appointed Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as external members of the MPC. They have replaced Ashima Goyal, Shashanka Bhide, and Jayanth R Varma. Apart from the Governor, the other internal members are the RBI Deputy Governor in charge of monetary policy Michael Debabrata Patra and the Executive Director monetary policy department of RBI Rajiv Ranjan. In an off-cycle meeting in May 2022, the MPC raised the policy rate by 40 basis points and it was followed by rate hikes of varying sizes, in the subsequent meetings till February 2023. The repo rate was raised by 250 basis points cumulatively between May 2022 and February 2023.

Status-quo on interest rate likely, say experts ahead of RBI's policy review

<ul class="summary-list"><li>Kamala Harris selected Minnesota Gov. Tim Walz as her running mate, seen as a win for progressives.</li><li>Walz's policies include universal school meals, labor protections, and poverty reduction.</li></ul>Vice President Kamala Harris' running mate Minnesota Gov. <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-names-tim-walz-vice-president-pick-minnesota-2024-7">Tim Walz</a>, seen as a <a target="_blank" href="https://www.businessinsider.com/kamala-harris-tim-walz-progressives-record-selection-election-analysis-2024-8">win for progressives</a>, may be exactly who she needed to get her economic policies off the ground.As governor, Walz has enacted policies such as <a target="_blank" class="" href="https://www.businessinsider.com/tim-walz-vp-jokes-trump-attacks-free-school-lunch-policies-2024-8">universal school meals</a>, gun safety provisions, stronger labor protections, and poverty reduction measures. Walz has also advocated for rural economic growth and has passed legislation supporting LGBTQ+ and abortion rights.The Minnesota Democrat had been relatively unknown nationally compared to other <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-potential-vp-picks-change-schedules-veepstakes-nears-end-2024-8">VP finalists</a> such as Pennsylvania Gov. Josh Shapiro and Arizona Sen. Mark Kelly. Leading conservatives have <a target="_blank" class="" href="https://www.nytimes.com/2024/08/06/us/tim-walz-george-floyd-criticism.html">criticized Walz</a> for his handling of the state's protests after the murder of George Floyd. Walz has shot back at leading Republicans and has led the Democratic trend calling former President Donald Trump and his running mate, Sen. JD Vance of Ohio, "<a target="_blank" class="" href="https://www.usatoday.com/story/news/politics/elections/2024/08/06/vice-president-pick-tim-walz-gop-weird/74685719007/">weird</a>."Here are some of <a target="_blank" class="" href="https://www.businessinsider.com/tim-walz-kamala-harris-israel-gaza-pro-palestinian-protests-2024-8">Walz</a>'s economic policies from his time as governor.<h2 id="a81358c6-f7a0-441b-8831-107af470cfef">Universal free school meals</h2>In March 2023, Walz, a former teacher, signed into law a universal free school lunch bill giving students a free breakfast and lunch each day, regardless of income. The bill filled the gap in funding from the National School Lunch Program, which didn't cover the full cost of meals.In addition, the program axed additional paperwork that parents and administrators needed to sign to secure free or reduced-priced meals for students. The program, which costs Minnesota <a target="_blank" href="https://minnesotareformer.com/2024/01/10/walz-celebrates-first-months-of-universal-free-school-meals/">nearly $300 million</a> annually, increased the number of breakfasts served by 30% and lunches by 11% between September 2022 and September 2023.<h2 id="e5a5747c-31c6-4194-bba9-169ee7dee02b">Job creation</h2>Walz enacted the <a target="_blank" href="https://mn.gov/governor/assets/FINAL%20Local%20Jobs%20and%20Projects_fact%20sheet%20(002)_tcm1055-516777.pdf">Local Jobs and Projects Plan</a>, which gave $1.9 billion to support construction and renovation projects. Over a third of the funds went toward asset preservation, such as repairing university buildings and improving roads and bridges. More than $450 million of the money went toward affordable housing projects.Walz's administration also created the <a target="_blank" class="" href="https://mn.gov/deed/economicexpansion/">Governor's Council on Economic Expansion</a>, pulling in 15 business leaders across the state to help grow the state's economy.<h2 id="65708ff4-98aa-4099-8b3e-fae0b66fad6b">Tax cuts and rebates</h2>Last year, Walz enacted a state tax cut through the<a target="_blank" class="" href="https://mn.gov/governor/accomplishments/one-mn-budget.jsp"> One Minnesota Budget</a>, which also increased funding for public education. Nearly 1.4 million middle-class Minnesotans had their taxes cut, and the bill also provided tax relief for people and businesses impacted by the pandemic.The Walz Administration also provided tax rebates for the working class, colloquially called "<a target="_blank" href="https://www.kiplinger.com/taxes/irs-will-tax-walz-check-minnesota-rebates#:~:text=These%20rebates%2C%20commonly%20known%20as,to%20%241%2C750%20per%20child%20dependent.)">Walz checks</a>," which amounted to $1,300 in some cases. In 2024, the IRS started taxing the rebates.<h2 id="3d723ffb-677a-4cd4-bd1c-f9025972cbf3">Cannabis legalization</h2>In May 2023, Walz signed a bill <a target="_blank" class="" href="https://mn.gov/governor/newsroom/press-releases/?id=1055-579413">legalizing cannabis</a> use for adults across the state, creating the Office of Cannabis Management to regulate cannabis and develop regulations for the cannabis sector. Minnesota became the 23rd state to legalize cannabis use."We've known for too long that prohibiting the use of cannabis hasn't worked. By legalizing adult-use cannabis, we're expanding our economy, creating jobs, and regulating the industry to keep Minnesotans safe," <a target="_blank" href="https://mn.gov/governor/newsroom/press-releases/?id=1055-579413">Walz said</a> at the time.<h2 id="e2a1ec16-3a9c-4a7d-bd42-f68a525de723">Increased labor protections</h2>In 2023, Walz signed into effect new laws expanding worker protections. The laws state that for every 30 hours employees work, they will earn an hour of sick time. Launching in 2026, the state will implement <a target="_blank" href="https://mn.gov/deed/paidleave/">paid family and medical leave</a>. The laws further expanded the Women's Economic Security Act, giving more accommodations to pregnant employees and new parents and guaranteeing up to 12 weeks of unpaid parental leave.The laws also provided greater safety provisions for workers, including at warehouse distribution centers, meat and poultry processing facilities, nursing homes, and hospitals. The administration also banned non-compete agreements allowing workers to seek better working conditions.The United Auto Workers union was quick to support Walz on X. "Tim Walz doesn't just talk the talk, he walks the walk," the UAW wrote. "From delivering for working-class Americans to standing with the UAW on our picket line last year, we know which side he's on."<h2 id="a1d2fc7e-0e5a-4c90-b69c-2e0f1bdc32fd">Clean energy and the environment</h2>Walz <a target="_blank" class="" href="https://minnesotareformer.com/briefs/gov-walz-signs-bill-mandating-100-carbon-free-energy-by-2040/">signed legislation</a> last year requiring the state to generate 100% of its electricity from carbon-free sources such as solar power or wind by 2040. Walz also created the Governor's Biofuels Council to transition the state toward clean energy.The state passed over 40 climate initiatives last year, including improving electric vehicle charging infrastructure, building energy-efficient housing, and streamlining permits for renewable energy projects. Another initiative funds apprenticeship programs for state residents to get jobs in the clean energy sector.Minnesota became the second state to phase out nonessential <a target="_blank" class="" href="https://www.pca.state.mn.us/pfas-in-minnesota">PFAS</a>, or per- and polyfluoroalkyl substances known as "forever chemicals" because they can't be easily broken down.<h2 id="86b557e6-fc30-4a61-ab92-e4e79f9f654a">Education and support for parents</h2>Walz has devoted much of his term to improving funding and support for the state's young residents. Walz budgeted an over <a target="_blank" class="" href="https://www.house.mn.gov/sessiondaily/Story/18009">$2.2 billion increase</a> — or over 10% — in funding for K-12 schools.Minnesota has also <a target="_blank" href="https://www.ohe.state.mn.us/mPg.cfm?pageID=2573">championed free college tuition</a> for low-income families earning less than $80,000 a year, which the state predicts will impact between 15,000 and 20,000 students. The budget also increased eligibility for the state's student grant and provided more funding to Indigenous students and universities.Walz <a target="_blank" href="https://mn.gov/governor/newsroom/press-releases/?id=1055-639617">announced</a> last week that the state's child tax credit has helped over 215,000 families this year, amounting to about $1,244 per child.

Where Kamala Harris' VP pick Tim Walz stands on economic policies

<keyword id="19895437" type="General" weightage="20" keywordseo="investment" source="keywords">Investment</keyword> in <keyword id="20300870" type="General" weightage="100" keywordseo="equity-mutual-funds" source="keywords">equity mutual funds</keyword> surged over five-fold to Rs 94,151 crore in the June 2024 quarter against Rs 18,358 crore a year ago, driven by a strong <keyword id="21477327" type="General" weightage="20" keywordseo="economic-environment" source="keywords">economic environment</keyword>, supportive <keyword id="22575274" type="General" weightage="20" keywordseo="government-fiscal-policies" source="keywords">government fiscal policies</keyword>, <keyword id="19900618" type="General" weightage="20" keywordseo="investors" source="keywords">investors</keyword> confidence and robust <keyword id="21990858" type="General" weightage="20" keywordseo="stock-return" source="keywords">stock return</keyword>. This has also pushed the industry's assets under management (<keyword id="20019621" type="General" weightage="20" keywordseo="AUM" source="keywords">AUM</keyword>) by 59 per cent to Rs 27.68 lakh crore in June from Rs 17.43 lakh crore a year ago, data from the Association of Mutual Funds in India (<keyword id="20090036" type="General" weightage="20" keywordseo="AMFI" source="keywords">AMFI</keyword>) showed. The robust gain in the asset base was also replicated in the growth of investors in equity mutual funds, with the number of folios closing at 13.3 crore, adding an investor base of over 3 crore. The significant gain in equity folios indicates broader participation across investor segments, driven by improved <keyword id="19929245" type="General" weightage="20" keywordseo="financial-literacy" source="keywords">financial literacy</keyword> and accessible investment platforms, Trivesh D, COO of stock trading platform Tradejini, told PTI. According to the AMFI data, equity-oriented mutual fund schemes invested Rs 94,151 crore in the quarter ended June 2024. This comprises Rs 18,917 crore in April, Rs 34,697 crore in May and Rs 40,537 crore in June. The investment in equity-oriented mutual funds jumped five-fold to Rs 94,151 crore in the June quarter from Rs 18,358 crore in the quarter ended June 2023 and increased 32 per cent Rs 71,280 crore witnessed in the preceding March 2024 quarter. "The confluence of political stability, supportive government policies, and a favourable economic environment has significantly contributed to the impressive inflows into equity mutual funds, signalling a positive outlook for the sector," Trivesh said. Strong macroeconomic fundamentals, bolstered by supportive government fiscal policies like higher-than-budgeted tax collection growth, reduced revenue expenditures, and increased capital spending have helped in increasing the allocation to equity mutual funds, Feroze Azeez, Deputy CEO, Anand Rathi Wealth, told PTI. He further said that investors' confidence in the markets and historically strong returns given by Indian equities with relatively low risk also helped investors to move towards equity mutual funds. Additionally, the shift was further fuelled by a transition from traditional investments like deposits to mutual funds in pursuit of higher returns. "The long-term outlook remains positive, with expectations of 11-13 per cent annual returns for Indian equities, and equity mutual funds potentially delivering even higher returns," Azeez said. Within the equity segment, sectoral or thematic category attracted Rs 46,731 crore during the quarter under review, followed by Multi-cap (Rs 10,077 crore), Flexicap (Rs 8,387 crore), Large &amp; Midcaps (Rs 7,948 crore), Smallcap (Rs 7,197 crore) and Midcap (Rs 6,927 crore). Large-cap funds witnessed an infusion of Rs 1,991 crore during the April-June quarter of the current financial year (FY25). Moreover, inflows into the systematic investment plan (<keyword id="19956399" type="General" weightage="20" keywordseo="SIP" source="keywords">SIP</keyword>) have been rising continuously for the past several months. The monthly SIP contributions crossed the Rs 21,000 crore mark in June, with the total inflow reaching an all-time high of Rs 21,262 crore. This shows investors' commitment to disciplined and long-term investing. The fund infusion through the SIP route was Rs 62,537 crore in the April-June quarter of FY25, a remarkable surge from Rs 43,211 crore in the same quarter preceding the fiscal.

Investment in equity mutual funds surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment

<ul class="summary-list"><li>Supreme Court will likely discard the Chevron doctrine, which empowers federal agencies.</li><li>The decision could make it easier for courts to block President Joe Biden's climate policies.</li></ul>Climate advocates and business groups are closely watching the <a target="_blank" href="https://www.businessinsider.com/what-cases-supreme-court-hasnt-decided-trump-immunity-2024-6">US Supreme Court</a> this week.The court could issue a ruling that sharply curtails the federal government's power to regulate the environment, including <a target="_blank" href="https://www.businessinsider.com/how-to-vote-climate-issue-2024-election-biden-trump-guide">President Joe Biden's climate policies</a>.The case involves a group of commercial fishermen who opposed fees they had to pay to have federal observers aboard their vessels to prevent overfishing. But at the center is 40 decades of legal precedent known as the Chevron doctrine that has shaped the role of federal agencies.Business groups and conservatives argue that the doctrine allows federal bureaucrats to overstep their authority on issues related not only to the environment but to broad swaths of the economy. The lawyers representing the commercial fisherman are from the Cause of Action Institute, a nonprofit group in the libertarian network built by Charles Koch, the petrochemicals billionaire who has advocated for deregulation.Environmental groups are worried that overturning the Chevron doctrine will make it easier for courts to block regulations, especially those from the Biden administration designed to curb greenhouse-gas emissions that are warming the planet.Here's what to know:<h2 id="595da1ae-b802-4da6-8a2e-a41ff0dc70fc">What is the Chevron doctrine?</h2>Congress writes laws, and federal agencies write the rules to implement them. But Congress isn't always clear, and it doesn't regularly update old laws to reflect scientific or technological advancements.The Chevron doctrine holds that when the law is ambiguous, courts should defer to the federal agency's interpretation, as long as it's reasonable. These agencies are often staffed by people with technical and scientific expertise that judges don't have.That precedent stems from <a target="_blank" href="https://tile.loc.gov/storage-services/service/ll/usrep/usrep467/usrep467837/usrep467837.pdf">a 1984 court case</a> over air-pollution rules issued by the Environmental Protection Agency under President Ronald Reagan. The decision was actually a defeat for environmentalists; the Natural Resources Defense Council had sought a more expansive definition of pollutants at big industrial plants like Chevron's but lost."The doctrine was neutral," said David Doniger, a senior attorney at the NRDC who argued the original Chevron case on behalf of the group. "It originally came up in a Reagan administration effort to weaken the Clean Air Act."Doniger said that since then, the Chevron opinion has been cited more than 15,000 times by courts across the country. But he added that as the Obama and Biden administrations have pushed for stronger environmental policies, business groups and conservatives have come to see Chevron as "systematically enabling the government to do more."<h2 id="0419d5a5-8f7c-4e7c-8e07-d66aff2cd2bc">Where do the justices stand?</h2>Legal experts say the Supreme Court, with its conservative majority, is likely to overturn or significantly limit the Chevron doctrine.Justice Neil Gorsuch, a Trump appointee, said in oral arguments in January that Chevron was problematic for small businesses and individuals with little power to influence federal agencies.But Justice Elena Kagan, an Obama appointee, argued that health, safety, and environmental regulations protecting the public could be upended if Chevron were overturned.<h2 id="3c75ff4e-8b79-4bb9-b62f-824850c9c80a">What could be affected?</h2>Doniger said that while reining in Chevron could make it easier to win cases aimed at rolling back Biden's climate policies, it's hard to make predictions without knowing the scope of the Supreme Court's ruling.The EPA over the past year has set <a target="_blank" href="https://www.businessinsider.com/biden-ev-emissions-rule-labor-unions-auto-industry-2024-3">stricter limits on emissions from cars</a>, trucks, power plants, and oil and gas infrastructure, <a target="_blank" href="https://www.businessinsider.com/epa-hazardous-forever-chemicals-drinking-water-limits-2024-4">as well as on toxic chemicals in tap water</a> — all of which are the targets of lawsuits from Republican-led states, the fossil-fuel industry, or other businesses."Lawyers will try to characterize these rules as stretching EPA authority," Doniger said.Meanwhile, he added, administrative lawyers have been preparing for this very scenario at the Supreme Court. Biden's EPA hasn't relied on the Chevron doctrine to defend its climate rules.That's a departure from the Obama years, when the EPA cited the Chevron doctrine in its attempt to set the first limits on carbon emissions from power plants. Lengthy court battles ensued, and the Trump administration ultimately shelved the plan.

The Supreme Court is poised to unleash a weapon against Biden's climate policies

<ul class="summary-list"><li>Former President Donald Trump defended his personal attacks on Vice President Kamala Harris.</li><li>Trump said he is "entitled" to such barbs, even though his allies have urged him to temper them.</li></ul>Former President <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/donald-trump-second-term-president-stock-market-implications-inflation-rates-2024-2">Donald Trump</a> on Thursday defended his attacks on Vice President Kamala Harris even as his top allies begged him to stay on message amid Harris' surging popularity."I think I'm entitled to personal attacks," Trump said in response to a question that mentioned some of his allies' uneasiness. "I don't have a lot of respect for her. I don't have a lot of respect for her intelligence, and I think she'll be a terrible president. And I think it's very important that we win and whether the personal attacks are good, bad — I mean she, certainly attacks me personally, she called me weird."Trump's defense came during a meandering news conference that appeared to be set to focus primarily on the economy. The former president spoke for roughly an hour before beginning to take questions from reporters.Asked what his message was to Americans struggling with credit card debt, Trump said, "My message to them would be very simple: vote for Trump and we're going to fix the problem. We're going to get it fixed. We'll get it fixed."In recent days, former Trump campaign manager <a target="_blank" class="" href="https://www.businessinsider.com/kellyanne-conway-urges-trump-to-back-off-the-harris-insults-2024-8">Kellyanne Conway </a>and other leading Republicans have urged the former president to focus more on Harris' policies and past positions over attacks on her intelligence and other areas."The winning formula for President Trump is very plain to see," Conway told Fox Business host Larry Kudlow, who served in Trump's administration as Director of the National Economic Council. "It's fewer insults, more insights, and that policy contrast."Harris' campaign seemed almost giddy at the prospect that Trump was holding another news conference. She has not held an extended news conference since becoming the Democratic presidential nominee."We aren't sure what we just watched and neither is America," the Harris campaign said in a statement. "From his member-only golf club, Donald Trump tried to read some paper for more than 40 minutes, while giving a stream of not-much-consciousness. It was quite boring. Networks cut from his speech (except Fox, he has Dominion over them). Then, he took some questions. It did not get better."On Wednesday, during a speech in North Carolina, billed to be about the economy, Trump began by mocking Harris' laugh.Earlier this month, Trump questioned whether Harris was truly Black in front of a room of Black journalists, an example of how he has reverted to form in stepping on his message. He also repeatedly attacked Georgia Gov. <a target="_blank" class="" href="https://www.businessinsider.com/trump-brian-kemp-relationship-georgia-election-2024-8">Brian Kemp</a>, even though Kemp has supported him and tried to turn the page from the 2020 election. Polls show that <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-donald-trump-polling-shift-2024-8">Harris has gained ground</a> as Trump stumbles.On Thursday, Trump's campaign announced that Corey Lewandowski, the first of three campaign managers on Trump's 2016 campaign, would join the 2024 run in some capacity. Asked about whether the announcement signaled a shake-up, Trump said that his approach remains the same."I think it's a sign of we want to close it out," Trump said.

Trump says he is 'entitled' to personally attack Kamala Harris as his allies beg him to focus on her policies  

<ul class="summary-list"><li>Supreme Court overturns Chevron doctrine, curtailing federal regulatory power.</li><li>Chevron doctrine gave federal agencies leeway to interpret ambiguous laws like the Clean Air Act.</li></ul>The Supreme Court on Friday overturned a decades-long legal precedent that has empowered the federal government to regulate the environment and other issues, unleashing a potential threat to President Joe Biden's climate policies.The court <a target="_blank" href="https://www.supremecourt.gov/opinions/23pdf/22-451_7m58.pdf">overruled the Chevron doctrine</a>, one of the most important principles guiding federal regulation for the past 40 years. It held that when the laws that Congress writes are ambiguous, courts should defer to federal agencies' interpretation, as long as it's reasonable.Now, however, it could be harder for agencies to address a wide range of policy areas, including the environment, health, and labor and employment. Chief Justice John Roberts authored the decision, joined by five conservative justices. The three liberal justices dissented.The ruling comes as President Joe Biden has raced to finalize a flurry of rules to combat climate change. Over the last year, the Environmental Protection Agency has set <a target="_blank" href="https://www.businessinsider.com/biden-ev-emissions-rule-labor-unions-auto-industry-2024-3">stricter limits on greenhouse gas emissions from cars</a>, trucks, power plants, and oil and gas infrastructure. The agency for the first time put limits <a target="_blank" href="https://www.businessinsider.com/epa-hazardous-forever-chemicals-drinking-water-limits-2024-4">on toxic "forever chemicals,"</a> also known as PFAS, in drinking water. All of those regulations are the targets of lawsuits from Republican-led states, the fossil-fuel industry, or other businesses.Legal analysts widely expected the Supreme Court's decision. The Chevron doctrine has long been a target of business groups and conservatives who argued it allows federal bureaucrats to overstep their authority on issues related not only to the environment but also to broad swaths of the economy, such as workplace safety, telecom, and finance.The Supreme Court's conservative supermajority is similarly skeptical of federal agencies' power, as past rulings have shown.On Thursday, <a target="_blank" href="https://www.supremecourt.gov/opinions/23pdf/23a349_0813.pdf">the court put a temporary hold</a> on the EPA's plan to reduce air pollution from power plants and pipelines that blow across state lines while a lawsuit plays out in a lower court. Last year, the Supreme Court significantly narrowed how many wetlands EPA can regulate to keep them clean. In 2022, <a target="_blank" href="https://www.businessinsider.com/supreme-court-limits-greenhouse-gas-regulations-west-virginia-v-epa-2022-6">the court limited the EPA's ability to regulate carbon emissions</a> from power plants, leading the Biden administration to issue another plan under the Clean Air Act that it hopes can withstand legal challenges.<h2 id="8531e43d-b476-4020-9d67-26599c42e9a5">How did this case end up at the Supreme Court?</h2>The plea to overturn the Chevron doctrine came to the court in two cases — Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Department of Commerce. These cases involved commercial fishermen who opposed fees they had to pay to have federal observers aboard their vessels to prevent overfishing.The lawyers representing the commercial fisherman are from the Cause of Action Institute, a nonprofit group in the libertarian network built by Charles Koch, the petrochemicals billionaire who has advocated for deregulation.They argued the Chevron doctrine injures small businesses and individuals who have little power to influence federal agencies."Today's restoration of the separation of powers is a victory for small, family-run businesses like ours, whether they're involved in fishing, farming, or retail," Bill Bright, the fisherman and plaintiff in the Loper Bright case, said in a statement.Defenders of Chevron argued that a broad swath of health, safety, and environmental regulations protecting the public could be upended if the doctrine were overturned, causing chaos. The doctrine is cited in more than 15,000 court decisions. Chevron also recognizes that agencies are often staffed by people with technical and scientific expertise that judges don't have.<h2 id="2f5434dc-7742-4115-875e-055829b5d1f7">What did the Supreme Court justices say?</h2>Roberts, in his opinion, said Chevron defies the Administrative Procedures Act, which requires courts to decide whether a federal agency acted within its legal authority."Perhaps most fundamentally, Chevron's presumption is misguided because agencies have no special competence in resolving statutory ambiguities. Courts do," Roberts said.He also argued that the decision to overturn Chevron doesn't call into question prior cases that relied on it. Courts that decided agency actions were lawful are still subject to "statutory stare decisis."In her dissent, Justice Elena Kagan countered that abandoning Chevron will make it difficult for policymakers to issue regulations that keep air and water clean, food and drugs safe, and financial markets honest.Kagan added: "Congress knows that it does not — in fact cannot —write perfectly complete regulatory statutes. It knows that those statutes will inevitably contain ambiguities that some other actor will have to resolve, and gaps that some other actor will have to fill. And it would usually prefer that actor to be the responsible agency, not a court."Justice Ketanji Brown Jackson recused herself from Loper Bright because she was involved in the case as a federal appeals court judge.<h2 id="8e1625cc-57cf-4b5d-8a05-6b593601c3d7">What could be the impact on climate policy?</h2>The reversal of Chevron doesn't change EPA's legal obligation under the Clean Air Act to regulate greenhouse gas emissions, which was affirmed in a 2007 Supreme Court decision, legal experts say. Congress in the 2022 Inflation Reduction Act also affirmed that power.But the Clean Air Act was written decades ago and left a lot of room for interpretation by EPA. The specific details of the agency's climate regulations may be more legally vulnerable now.At the same time, Biden's EPA hasn't relied on the Chevron doctrine to defend its climate rules because it's been preparing for this very decision from the Supreme Court, said David Doniger, a senior attorney at the Natural Resources Defense Council who argued <a target="_blank" href="https://tile.loc.gov/storage-services/service/ll/usrep/usrep467/usrep467837/usrep467837.pdf">the original Chevron case</a> on behalf of the group in 1984.Paul DeCamp, an attorney at the Washington, DC-based firm Epstein Becker Green, said the overturning of Chevron creates a lot of uncertainty."There is now a new path to challenging agency action because the heavy thumb on the scale toward agencies as a result of Chevron has been removed," he said.That doesn't mean that most regulations are invalid, he added. He predicted that most federal action would survive because agencies try to stay within their legal boundaries.

The Supreme Court discards Chevron doctrine, unleashing a threat to Biden's climate policies

<ul class="summary-list"><li>Nvidia's stock is flashing a sell signal, says strategist Bill Blain.</li><li>Blain cites Nvidia's high valuation and its wealthy employees as reasons to bail.</li></ul>Nvidia's stock is flashing a big "sell" sign to investors, according to the veteran strategist Bill Blain.Blain, the founder of Wind Shift Capital and a longtime financial strategist, pointed out in a note on Tuesday that Nvidia's sky-high valuation has made many of its employees very wealthy. He referred to a recent poll that found 40% of those who worked at Nvidia had a net worth between $1 million and $20 million, while 37% had a net worth of over $20 million.Blain said that leaves less than a third of Nvidia's staff with "any real daily financial pressure upon them." "Do you think that poor quarter of Nvidia peons are really going to bust their guts for guys who are already rich and highly motivated to protect their wealth and position? Do they think Nvidia will rise a further 700%? Will they be happy remaining exceedingly poor relative to their peers and bosses? Or is it more likely the enormous wealth in the office means the poorer but still highly motivated staff are going to figure their wealth chances will be better elsewhere?" Blain wrote.Nvidia's enormous valuation could also signal a peak in the broader stock market, Blain said. While investors are pricing in ambitious rate cuts over the next year, policy easing will likely be "limited" from the Fed, he said, adding that he believed 4%-6% interest rates would constitute the market's new normal."Some folk think lower interest rates, as promised by the Fed later this month, spell joy unlimited for markets. (I think it may still be a sell-the-fact moment.)" Blain said. "And many, including myself, believe a new long-term economic cycle could reverse the last 40 years of diminished inflationary pressures."Markets began their current long-term cycle in 1980s as inflation steadily decreased following a difficult period of inflation during the prior decade, Blain said. He suggested that markets could enter a fresh cycle as soon as 2025, pointing to <a target="_blank" class="" href="https://www.businessinsider.com/high-prices-inflation-sticking-interest-rate-hikes-stock-market-2024-5">inflationary pressures</a> stemming from geopolitical tensions, commodities, and the mounting US debt balance."I just found my best reason to sell Nvidia, confirming we're at the top of the market. What might come next? How about 20-years of rising inflation, rising rates, and a global commodities super-cycle as nations scrabble to secure future strategic resources?" he added.Other strategists have warned of continued inflationary pressures, despite price growth trending downward from its peak in 2022. <a target="_blank" class="" href="https://www.businessinsider.com/fed-inflation-problem-us-economy-demand-not-oil-price-2024-4">Inflation could see a resurgence</a>, BlackRock strategists previously predicted, pointing to the risk of a big spike in oil prices, as well as demand outpacing supply in the US economy.

Nvidia is flashing a sell signal and its huge rally marks the peak of a 40-year market cycle, veteran strategist says

<ul class="summary-list"><li>The Russell 2000 could rally 40% amid a shift in Fed policy, Fundstrat's Tom Lee told CNBC.</li><li>The rotation out of large-caps will become evident in August, weighing on the S&amp;P 500, he said.</li></ul>A rally may be brewing in overlooked parts of the stock market.On Monday, the small-cap <a target="_blank" href="https://markets.businessinsider.com/index/russell_2000">Rusell 2000</a> climbed 1.8%, reaching a high not seen in two and a half years. The index has notched gains amid signs of buckling in large-cap peers and a rotation out of the biggest winners of 2024 as markets position for rate cuts. Last Thursday, the tech-heavy NASDAQ shed 2% as the Russell rose 3.6%."We have small caps even more oversold and valuations — whether you look at medium P/E, which is now at 10 times 2025 earnings — even lower," Fundstrat's Tom Lee told <a target="_blank" href="https://www.youtube.com/watch?v=VyHto5WWQ0k">CNBC</a>. "So we think that this move could be something like 10 weeks and as much as 40%. So I think it is just starting."June's consumer price index report gave the Russell 2000 its green light to rally, he said, given how "astonishingly soft" the data was. That month, <a target="_blank" href="https://www.businessinsider.com/inflation-cpi-june-prices-food-energy-fed-interest-rate-cuts-2024-7#:~:text=The%20consumer%20price%20index%20increased,%25%20month%2Dover%2Dmonth.">inflation cooled off more than expected</a>, bolstering expectations that the Federal Reserve would cut interest rates come September.Compared to names backing the S&amp;P 500, stocks in the Russell 2000 tend to be more rate-sensitive. That makes <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-vs-russell2000-small-caps-outperform-economy-2023-6">higher interest rates a challenge for the index</a>, but it rally when borrowing costs finally edge down."I think that August is really going to be one where the rotation becomes more evident, and I think it's going to be stronger small-caps and maybe flat, just slightly down for the S&amp;P," Lee said.In fact, when the Russell 2000 last rallied around 30% in the final months of last year, large-caps had similarly sputtered, Lee said. Given how oversold small-caps are today, the rotation could be even more sizable this time around, he added.Currently, concern is looming over the makeup of major indexes, as just a handful of tech mega-caps are responsible for the majority of gains seen this year. The narrow market concentration looks similar to the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-extreme-concentration-sp500-record-2022-bear-market-schwab-2024-6">previous bear market</a>, Charles Schwab said recently.But others are also noticing that small-caps are looking more attractive."This switch doesn't appear to be a 'one off' although it's far too early to suggest that we're experiencing a sustainable trend," Trade Nation's senior market analyst David Morrison wrote."Nevertheless, there's certainly a bullish interpretation to the rotation, as any profit-taking in 'overvalued' tech gets funneled into more neglected areas of the US stock market," he added.

You Searched For "policy 40" and got 9 results

Millennials are turning 40 — and it's freaking them out

Emily Stewart

Status-quo on interest rate likely, say experts ahead of RBI's policy review

PTI

Where Kamala Harris' VP pick Tim Walz stands on economic policies

Noah Sheidlower

Investment in equity mutual funds surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment

PTI

The Supreme Court is poised to unleash a weapon against Biden's climate policies

Catherine Boudreau

Trump says he is 'entitled' to personally attack Kamala Harris as his allies beg him to focus on her policies

Brent D. Griffiths

The Supreme Court discards Chevron doctrine, unleashing a threat to Biden's climate policies

Catherine Boudreau

Nvidia is flashing a sell signal and its huge rally marks the peak of a 40-year market cycle, veteran strategist says

Jennifer Sor

Small-caps are breaking out and will rally 40% as the S&P 500 sputters, Fundstrat's Tom Lee says

Filip De Mott

Popular Keywords

Buying Guides