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Elon Musk’s DOGE claims $160 billion in savings, but new report warns it could end up costing taxpayers $135 billion instead
Elon Musk's DOGE faces criticism. Analysis suggests its cost-cutting measures may burden taxpayers. A study reveals unforeseen effects of DOGE's actions. It cites paid leave and rehiring costs. The White House defends DOGE's efforts. IRS cuts could lead to significant tax revenue loss. Experts warn of potential economic losses due to reduced funding in health and science research.
How much do DOGE staffers really earn? Reports suggest their salaries far exceed Elon Musk’s 'zero compensation' claim
Despite Elon Musk's claims of working for free, his Department of Government Efficiency (DOGE) staff is reportedly earning six-figure salaries, funded by taxpayers. While Musk’s team boasts $160 billion in savings, a nonpartisan analysis reveals that his reforms have cost taxpayers $135 billion due to staff layoffs, rehires, and lost productivity. The controversy continues to grow.
Dr Kasturirangan shaped India's space ambitions, educational framework: ISRO chief
ISRO Chairman V Narayanan mourns the loss of Dr. K Kasturirangan, highlighting his transformative impact on India's space program, education policy, and scientific advancements. Kasturirangan's tenure as ISRO chief saw the development of vital satellite series and the conception of Chandrayaan-1. His contributions extended to the National Education Policy 2020 and environmental conservation, leaving a lasting legacy.
What Elon Musk didn't budget for: Firing workers costs money, too
Donald Trump and Elon Musk's initiative, Department of Government Efficiency, aimed to cut government spending. However, savings are far less than promised. Firings and rehirings have cost taxpayers billions. Experts say Musk's methods are wasteful and legally questionable. The administration defends the cuts as necessary for efficiency.
Delhi court sends I-T Dept officer, CA to 3-day custody for 'sabotaging' faceless assessment scheme
A Delhi court has remanded an income tax deputy commissioner and a chartered accountant to three-day CBI custody following their arrest. They are accused of sabotaging the I-T department's faceless assessment scheme. The CBI alleges the duo solicited bribes from assesses in exchange for favourable orders in pending high-value cases, undermining the scheme's aim to reduce corruption.
Elon Musk’s DOGE claimed to have saved $160 billion, but it may have cost Americans atleast $135 billion
Elon Musk's Department of Government Efficiency (DOGE) claims significant savings, but a new report suggests its policies could cost taxpayers billions due to unintended consequences like paid leave and rehiring terminated employees. Productivity declines and lost tax revenue further offset any direct savings, raising questions about the initiative's overall effectiveness and Musk's future role.
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Former ISRO chief K Kasturirangan passes away in Bengaluru
Krishnaswamy Kasturirangan, a prominent space scientist and ex-ISRO chairman, died in Bengaluru. He was 84. ISRO confirmed his passing. Kasturirangan directed the Bhaskara satellites project. He also spearheaded the IRS-1A launch. As ISRO chairman from 1994-2003, he oversaw PSLV and GSLV development. He contributed to INSAT and IRS satellite launches. Kasturirangan received Padma awards.
ISRO stalwart to educationist: Kasturirangan's legacy to live in space missions, education reforms
K Kasturirangan, the former ISRO chief, has died in Bengaluru. He was 84. Kasturirangan led India's space program for over nine years. He directed key satellite projects. He also contributed to the PSLV and GSLV development. Kasturirangan received Padma awards. He served as a Rajya Sabha MP and Planning Commission member. He headed the committee for the National Education Policy.
Industry for insurance repository offering claim-related services
The insurance regulator is considering a proposal to allow insurance repositories to offer claims-related services to policyholders, potentially speeding up claim settlements. This move follows a suggestion from the previous IRDAI chairman and is being evaluated after consultations with stakeholders. The government is also working on the National Health Claims Exchange platform to streamline health insurance claims processing.
As Tesla earnings drop, Elon Musk issues dire warning: ‘America’s collapse would be Tesla’s too, there’s no escape plan’
Tesla's recent earnings report revealed a significant downturn, with revenue and sales declining sharply. CEO Elon Musk cautioned that Tesla's fate is intertwined with the United States. Critics attribute Tesla's struggles to Musk's political involvement, citing boycotts and protests. Musk defended his actions, announcing a renewed focus on Tesla and reduced involvement with DOGE work to address shareholder concerns.
IRS power struggle turns chaotic as reports say Elon Musk and Scott Bessent clashed in explosive showdown at the White House last week
A heated dispute erupted at the White House between Elon Musk and Treasury Secretary Scott Bessent over the interim leadership of the IRS. Musk championed Gary Shapley, while Bessent favored Michael Faulkender, leading to a shouting match witnessed by President Trump and requiring intervention to prevent escalation. The conflict highlights longstanding tensions between the two billionaires.
Elon Musk's days may be numbered with the Trump administration as his conflicts with cabinet members grow by the hour; here's the latest friction point
Elon Musk and the Trump administration are facing tensions. This is regarding leadership changes at the IRS. Trump appointed Gary Shapley as acting head. This happened without Treasury Secretary Scott Bessent's knowledge. Bessent then replaced Gavin Kliger, a Musk ally. Michael Faulkender is now the acting head. He is the fifth person in the role since January.
Trump ousts IRS chief just days after appointing him amid feud between Elon Musk and Scott Bessent
President Donald Trump has replaced the acting IRS commissioner Gary Shapley just days after he appointed him amid the ongoing feud between US Treasury Secretary Scott Bessent and his tech billionaire ally Elon Musk. "Trust must be brought back to the IRS, and I am fully confident that Deputy Secretary Michael Faulkender is the right man for the moment," Bessent said.
Trump wants to strip Harvard University of its tax-exempt status after freezing its funds. But is it possible?
The Trump administration and the Harvard University are locked in bitter battle. President Trump has called Harvard 'worst and most incompetent' and has frozen its federal funds. Now, he has directed the Internal Revenue Service to revoke the tax-exempt status of the prestigious university. The White House has said Trump wants to see Harvard apologise.
Harvard sees ‘grave consequences’ as Trump threatens its tax-exempt status
Harvard University has strongly pushed back against the Trump administration's threats to revoke its tax-exempt status, warning such action would harm its research, financial aid capabilities, and academic freedom. The dispute stems from the university’s refusal to comply with federal demands following campus protests related to the Israel-Hamas conflict.
Govt appoints four new CBDT members
The Union government has appointed four new members to the Central Board of Direct Taxes (CBDT). The Appointments Committee of the Cabinet approved the selection of Pankaj Kumar Mishra, Sanjay Bahadur, L Rajasekhar Reddy, and G Aparna Rao, all from the 1989 batch of the Indian Revenue Service. These appointments will bolster the decision-making capacity of the Income-Tax department.
How to file for a Tax extension: A complete guide on avoiding penalties, understanding the IRS deadline, and tips for smooth Tax filing in 2025
Tax extension filing can be a real lifesaver if you're running out of time. If you need extra time to file your taxes, don’t worry—filing for an extension gives you until October 16 to submit your return. However, keep in mind that the extension only applies to filing, not paying taxes. So, if you owe, make sure to pay before April 15 to avoid penalties. Whether you’re preparing documents or seeking professional help, understanding the process can make tax season smoother. Get all your forms, check for errors, and file for an extension if necessary. Stay on top of your taxes!
Elon Musk's DOGE is using personal data to remove immigrants from housing, jobs for Trump’s deportation plans
Elon Musk-led Department of Government Efficiency (DOGE) is collecting federal data to remove immigrants from housing and jobs to assist President Donald Trump's deportation plans. Data that DOGE staffers may access include where potential undocumented immigrants may live and work. The push extends across several federal agencies and has been backed by the White House.
IRS said to be considering whether to revoke Harvard's tax-exempt status
The IRS is considering revoking Harvard's tax-exempt status, escalating the Trump administration's pressure on the university. This action follows demands for Harvard to change its hiring, admissions, and curriculum. The administration has already cut federal funding and scrutinized foreign student visas, intensifying the conflict as part of a broader effort to challenge academia's liberal lean.
Trump picks a Hunter Biden whistleblower to temporarily lead the IRS
Gary Shapley, an IRS agent critical of the Hunter Biden tax investigation, has been appointed as acting commissioner. This decision follows concerns about political influence within the IRS, including alleged pressure to assist in immigration enforcement. Shapley's appointment has sparked unease among some employees, while Trump's nominee for the permanent position awaits Senate confirmation.
Tax day arrives in America with public urged to check accounts as $2,600 direct deposits paid
The Internal Revenue Service has already refunded more than $162.992 billion this year, with the average refund amount being $2,600. Americans have been urged to rush to check their bank accounts as tax day arrives in the United States. However, warnings have been issued about potential penalties for late filing.
IRS tax deadline extension 2025: What you need to know about new deadlines in 9 states affected by natural disasters
IRS tax deadline extensions are available for taxpayers in disaster-stricken states, allowing them more time to file their 2024 returns. With the April 15 deadline looming, residents in states like Florida, Georgia, and Alaska can breathe easier, as the IRS has granted them until May 1 or later to submit tax returns. This extension gives affected taxpayers a break amid natural disasters, ensuring they can focus on recovery instead of the clock ticking on tax day.
Tax deadline 2025: Everything you need to know about filing, IRS extensions, payment plans, and refunds before the April 15 cutoff — today is your last chance to act
Tax deadline 2025 is officially here—it's April 15. If you haven’t filed your taxes yet, this is your final window to act. Whether you're ready to file or need more time, you can still submit IRS Form 4868 today to get a six-month extension. But don’t forget—your payment is still due by midnight. This guide breaks down how to file, request an extension, make a payment, track your refund, and avoid penalties. Even if you can’t pay in full, taking action today helps you avoid bigger problems.
How to file your taxes for free — Even on deadline day | Eligibility, tools, and last-minute options
As Tax Day approaches, taxpayers can still access no-cost filing through government and nonprofit-backed services
$1,400 bonus coming? IRS deadline to claim stimulus check is tomorrow. Here's how you can do it
April 15 is the deadline to claim your $1,400 IRS stimulus check. Those who haven't yet filed their 2021 tax returns must act quickly to receive the Recovery Rebate Credit before the cutoff date on April 15, 2025. Married couples filing jointly with an AGI of $150,000 or less can also claim the full amount.
Donald Trump signs bill to nullify expanded IRS crypto broker rule
President Trump signed a law overturning an IRS rule that classified decentralised crypto exchanges as brokers. The crypto industry argued the rule was unworkable for DeFi platforms. Backed by Republicans, the move reflects Trump’s pro-crypto stance, including creating a crypto taskforce and pledging to promote digital asset adoption.
Millions of Americans could lose $946 each in unclaimed tax refunds, IRS issues urgent call as national deadline rapidly closes in
Unclaimed tax refunds 2021 could cost over a million Americans an average of $946 if they don’t act before the April 15 deadline. The IRS is urging taxpayers to file their 2021 returns immediately to avoid losing out on billions in unclaimed refunds. States like California, Michigan, and Rhode Island are sitting on millions in unclaimed money. Plus, credits like the Recovery Rebate and EITC could boost refunds even more. Don’t let this free money go back to the government—find out how to claim what’s rightfully yours before it’s too late.
When is Tax Day 2025, where’s my refund, and how do I file a tax extension? Here’s what every American needs to know
Tax Day 2025 is right around the corner, and millions of Americans are still racing to file their returns or request an extension. With the IRS already issuing over $102 billion in refunds, this year’s average tax refund has gone up to $3,170. From how to track your refund using the IRS “Where’s My Refund” tool, to filing an extension before the April 15 deadline, this guide breaks it all down in simple terms.
Ticking clock: Americans have until April 15 to claim $1,400 IRS stimulus or lose it forever; here's who still qualifies
Time is running out for Americans to claim up to $1,400 through the Recovery Rebate Credit. The IRS has reminded everyone that they must file their 2021 tax return by April 15, 2025, to qualify. If you miss the deadline, you could lose the payment. The IRS will send payments based on your 2023 banking details, but don’t wait—processing delays are possible. Around 1.1 million Americans are still eligible, so make sure to act before time runs out.
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