[ad_1] THE GOVERNMENT plans to talk to the top 500 companies and mutually agree on a “voluntary quota system” for taking on board interns under the employment package announced in the Budget 2024-25. The “quota system” would be based on the Corporate Social Responsibility (CSR) expenditure of these companies, Finance Secretary TV Somanathan told The […]
Health sector | Customs duty cut on 3 cancer drugs: Hope for patients | India News
[ad_1] In her Budget speech Tuesday, Finance Minister Nirmala Sitharaman said, “To provide relief to cancer patients, I propose to fully exempt three more medicines from customs duties,” she said, referring to trastuzumab deruxtecan, osimertinib and durvalumab, three targeted therapy drugs with effective treatment outcomes that work by precisely identifying and inhibiting the growth of […]
PMGSY stretches into 4th phase: 25,000 villages to be linked with all-weather roads | India News
[ad_1] Finance Minister Nirmala Sitharaman announced Phase IV of Pradhan Mantri Gram Sadak Yojana (PMGSY) to connect 25,000 villages with all-weather roads, and allocated an outlay of Rs 19,000 crore for the financial year 2024-25. She also announced three crore additional houses under Pradhan Mantri Awas Yojana in rural and urban areas. Of these, 2 […]
Market watchers slam hike in long term capital gains tax, say will discourage savings, investments | Pune News
[ad_1] Market watchers said Union Finance Minister Nirmala Sitharaman’s move to hike long term capital gains (LTCG) tax from 10 per cent to 12.5 per cent will discourage savings and investments. “Just when the stock market has been having a good run for a long time, the news dampened the spirits… It is an unnecessary […]
Retail inflation rises to 5.08% in June: Govt data | Business News
[ad_1] Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low). Inflation in the food basket was 9.36 per cent […]
The Inflation Reduction Act mainly affects the top 1 percent of taxpayers
[ad_1] one in new analysisThe Tax Policy Center found that the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes will increase by $6,060 (0.3 percent of after-tax income) in 2023 for the top 1 percent of households with incomes over nearly $1 million. The TPC estimates that the top 0.1 percent […]
Ignore the debate over whether the Inflation Reduction Act raises taxes on those making $400,000 or less.
[ad_1] As Congress is about to pass inflation reduction act, Washington is once again debating very little. It’s about whether Democrats are violating President Biden’s pledge not to raise taxes on families earning $400,000 or less annually. But here’s the secret: This is another ridiculous political argument. The Tax Policy Center analyzed the larger climate, […]
Biden will sign inflation reduction law this week
[ad_1] All that is left is President Biden’s signature. The House passed the Climate, Health and Tax Inflation Reduction Act (IRA) on Friday, and Biden plans to sign it into law This week. This includes a minimum tax book on very large corporations, taxes on corporate stock buy-backs, and dozens of energy tax credits. Don’t […]
Who will win the battle to draft an Inflation Reduction Act?
[ad_1] President Biden and congressional Democrats won a major policy battle when Congress unanimously enacted the Inflation Reduction Act (IRA) despite Republican opposition. But who will win the political battle? It will depend on who can best articulate this complex law. Will Democrats convince voters that the laws will reduce inflation, reduce health care costs, […]
RBI governor says global factors need to be identified in inflation and policy coordination
[ad_1] Global factors should get more importance in the assessment inflation Risks in the light of current events Europe Where war has a significant impact on the price situation, Reserve Bank of India Governor Shaktikanta Das has said. Delivering a speech at an event organized by the Institute of Economic Development, Das said, “Recent developments […]