BUDGETING
Britain¡¯s mini-budget crisis: Is it impacting the US Bond Market?
Financial strategists are increasingly concerned that the United States could encounter a crisis similar to Britain's notorious "mini-budget" debacle of 2022.
Ministry directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP
The Ministry of Labour and Employment has instructed the Employees' Provident Fund Organisation (EPFO) to prioritize the activation of employees' Universal Account Numbers (UANs) using Aadhaar-based verification. This initiative aims to ensure seamless access to EPFO services and support the government's Employment Linked Incentive (ELI) Scheme, which intends to generate over 2 crore jobs within two years.
India struggles with limited effectiveness of its gender responsive budgeting: UN Report
A new report presented at the UN Ministerial Conference on Women Empowerment in Bangkok highlights that India's Gender Responsive Budgeting (GRB) faces challenges. The report points to the exclusion of key programs benefiting women and a lack of sex-disaggregated data as major limitations. It suggests stronger monitoring mechanisms and encourages subnational governments to adopt GRB practices.
Assocham asks govt to consider single TDS rate in next Budget
Assocham, in its pre-budget recommendations, proposed a single TDS rate of 1-2% for resident assesses to simplify tax compliance and reduce litigation. The chamber also advocated for decriminalizing certain TDS defaults and extending tax neutrality to amalgamation and demerger processes, including slump exchange.
Trump and Musk aim to cut the U.S. Federal Budget: Which American workers risk losing their jobs with this reform?
President-elect Donald Trump has tasked Elon Musk and Vivek Ramaswamy with finding significant cuts in the federal budget, potentially impacting the 2.3 million civilian federal workers. Their proposals, including a 30% spending reduction and halving the workforce, raise questions about the future of government agencies and the livelihoods of federal employees.
Best Mosquito Rackets for Every Budget for a Pest-Free Home
This guide explores the best mosquito rackets to eliminate pesky insects. The rackets offer a chemical-free solution with features like rechargeable batteries and LED lights. The guide details specifications and analyzes the effectiveness of each model. Readers will discover the pros and cons of each racket to make an informed decision.
Trump promises to end wars with a 'strong military'
At a Mar-a-Lago gala, re-elected US President Donald Trump pledged to strengthen the military, reiterating his promise to end the Russia-Ukraine war. He aims to broker a deal between the warring nations and address Middle East conflicts. Trump also criticized US spending on Afghanistan and nominated Pete Hegseth as defense secretary.
ISRO's total investment to date is less than a single year's budget of NASA
Space Minister Jitendra Singh recently released a report which stated that for every dollar generated by the space sector, the Indian economy has seen a multiplier effect of $2.54. ISRO has budget which is about 15 times less than what US space agency NASA spends on space. The revenue of India's space sector has grown manifold in 2023 and it is the eight largest space economy in the world.
How Elon Musk's US government efficiency panel might work
President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to head a new panel aimed at streamlining the U.S. government. The panel¡¯s goal is to cut federal spending by at least $2 trillion, focusing on discretionary spending. While Musk has a background in cost-cutting at SpaceX and Twitter, experts warn achieving such cuts may prove difficult.
Republican sweep gives Trump power to slash taxes, may strain deficits
President-elect Donald Trump's aggressive agenda, including tax cuts and spending cuts, is likely to increase the national debt. Despite potential opposition, Republicans aim to utilize budget reconciliation to pass these measures, potentially facing resistance from hardline conservatives demanding entitlement program cuts.
Budget delay 'exposes' CM Naidu's 'super six' failures: Jagan Mohan Reddy
YS Jagan Mohan Reddy, YSRCP Chief, has accused Andhra Pradesh CM Chandrababu Naidu of delaying the budget presentation to avoid scrutiny of unfulfilled poll promises. Reddy claims the eight-month delay, relying on vote-on-account budgets, was a tactic to hide the government's failure to deliver on the 'Super Six' schemes promised in the TDP's 2024 manifesto.
How to get free food and stay in the US, Europe while travelling like Mohanlal¡¯s son - Here's how Work Away works
Volunteering while traveling, much like Mohanlal¡¯s son Pranav does, offers a unique way to explore new places, meet diverse people, and gain enriching experiences. Through programs like Workaway, travelers can connect with hosts in countries like the US, UK, or Spain to offer their skills in exchange for food and lodging. From farming to animal care, these opportunities let travelers immerse themselves in local cultures while helping communities.
Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods. The Council may also consider raising GST on luxury items like high-value shoes and watches.
Andhra Pradesh govt presents Rs 2.94 lakh cr budget for FY25
Andhra Pradesh's new NDA government presented a Rs 2.94 lakh crore budget for 2024-25, focusing on reviving the state's finances. Key allocations target poverty eradication, infrastructure development, and improved healthcare and education. The opposition boycotted the session.
Taiwan Foreign Ministry proposes highest confidential budget in six years
Taiwan's Ministry of Foreign Affairs has proposed a confidential budget of TWD 1,821,387,000 for the next year, marking a significant increase of 53.48% from the current year. The increase, the largest in six years, has raised concerns about transparency, with calls for the Ministry to provide more detailed expenditure listings to ensure accountability and responsible use of taxpayer money.
Andhra Pradesh government to table budget tomorrow, with four months left in FY
The Andhra Pradesh government is set to present the state budget on Monday, marking the third budget of the fiscal year 2024-25. Two Vote-on-Account budgets have already been passed, covering eight months of the financial year due to the recent change in government and the need for more time to finalize the regular budget.
Retirement planning: 4 simple ways to protect your retirement corpus from inflation
Retirement planning: The effect of inflation on your retirement savings may be substantial. Many elderly individuals rely on their pension and retirement investments. Inflation during retirement might lead to a reduction in the actual value of your retirement savings.
Don¡¯t let money hurt your marriage: How married couple can manage money and avoid conflicts on financial matters
Financial disagreements can drive a wedge in the relationship. The key to preventing financial conflicts after marriage is open communication. Both partners should be comfortable discussing money matters without fear of judgement. ET Wealth examines some common arguments that couples can have after marriage. We hope the suggestions from experts will smoothen their financial lives.
Are you and your partner FINANCIALLY compatible? Take this quiz to know
Your approach to finances may significantly impact your relationship. If life partners have vastly different financial habits, it can strain the relationship. Take this test to know how compatible you are on financial matters.
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