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2 mins read
Decline in bank deposits because of non-uniform tax treatment on various investment options: SBI report
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its lates…
ANI
2 mins read
Abolition of angel tax a landmark reform benefiting India's startup ecosystem; will attract global investors: USISPF
The USISPF said this action creates parity between domestic and foreign players and will be an impo…
PTI
2 mins read
As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals
A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…
2 mins read
Ballooning US debt could cause the next financial crisis and neither candidate has a plan to address it, former FDIC Chair says
Policy proposals from both Trump and Harris would add trillions to US debt, which could hurt invest…
Kelly Cloonan
3 mins read
Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.
In February 2023, Putin publicly rejected the idea that Russia was focusing on "guns instead of but…
Matthew Loh
5 mins read
Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…
Ayelet Sheffey
1 min read
EV makers slide on report Trump wants to scrap EV tax credit
Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of b…
Matthew Fox
4 mins read
New govt to inherit strong economy, focus on making India developed nation by 2047
India's world record beating economic growth rate together with robust tax revenues, a fast expandi…
PTI
2 mins read
Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem
A millionaires tax has helped other states tackle big problems. It helped Massachusetts provide fr…
Kenneth Niemeyer
4 mins read
How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places
Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging th…
Eliza Relman
6 mins read
America's trade war is coming for Gen Z's favorites
Gen Z could see higher prices on Shein and Temu goods due to a Biden administration proposal.
Jacob Zinkula
3 mins read
Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
Dalio, whose company runs the biggest foreign hedge fund in China, says the country needs to start …
Matthew Loh
2 mins read
Trump's tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says
Each percentage point cut to the corporate tax rate could boost S&P 500 earnings by slightly less t…
Jennifer Sor
8 mins read
Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
Some baby boomers who hoped to retire are instead draining their savings and cutting costs on food,…
Juliana Kaplan,Noah Sheidlower
4 mins read
A Swiss city cut red tape and ended up with many more homes. It's a model for the US.
New research in Switzerland adds to the international literature finding that upzoning boosts the s…
Eliza Relman
3 mins read
Elon Musk is a Trump win away from serious federal power
Former President Donald Trump is taking a page out of Elon Musk's book, announcing a plan to create…
Ayelet Sheffey,Brent D. Griff…
3 mins read
How immigration reform will supercharge the labor market, reduce national debt by over $600 billion in the next 2 decades: Research Affiliates CIO
Declining US fertility rates and an aging workforce make immigration reform an "economic necessity,…
Christine Ji
2 mins read
Economic Survey calls for urgent agricultural reforms; cites growth hurdles
The survey identified several key challenges, including balancing growth with food inflation manage…
PTI
2 mins read
Telangana urges 16th Finance Commission to increase states' share in Central taxes to 50%
He, however, said it is not just a demand for Telangana but for all states, ensuring a more coopera…
PTI
3 mins read
Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch
As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and…