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Horoscope Today, May 1, 2025: Libra, Scorpio, Sagittarius, Capricorn, Aquarius, Pisces — What the stars reveal about love, career, and money
Horoscope Today, May 1, 2025: As May begins, the cosmos offers fresh insights for Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces. Whether you're navigating love, career, or financial matters, today's astrological guidance provides clarity and direction. From Libra's quest for balance to Pisces' intuitive depths, each sign is uniquely influenced by the celestial movements.
Direct tax mop up grew 13.6% in FY25
India's net direct tax collections for fiscal year 2024-25 grew by 13.57%, reaching ?22.26 lakh crore, surpassing the initial budget estimates but slightly missing the revised target due to lower non-corporate tax receipts. The tax buoyancy improved to 1.57, reflecting strong direct tax growth relative to GDP. The tax department issued a record ?4.
Pay new income tax TCS of 1% on these luxury goods above Rs 10 lakh; CBDT issues notification
TCS on luxury goods: The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at source (TCS) from the buyer. The TCS will be levied on the purchase of luxury goods. Know the new TCS rules on buying luxury goods like Omega watches, Birkin bags, etc.
Revenue growth of states in FY26 expected to be lower than that of FY25: Report
A recent ICICI Bank report forecasts slower revenue growth for Indian states in FY26 compared to FY25, primarily due to weaker non-tax revenue growth and reduced central government transfers. While states' own tax revenue is expected to remain steady, the overall slowdown may impact their fiscal positions. Total receipts are projected to grow by 12% YoY in FY26.
Parliamentary panel Bill seeks expert suggestions on Income-Tax Bill 2025
The Lok Sabha Select Committee is seeking input on the Income-Tax Bill, 2025, from experts and stakeholders, setting a two-week deadline for submissions. Proposed in the July 2024 Budget to simplify the existing Income-tax Act, the bill aims to reduce disputes and litigation.
Railways betters operating ratio to 98.3% in FY25
Indian Railways witnessed a marginal improvement in its operating ratio to 98.32% in 2024-25. Total receipts increased to ?2.65 lakh crore, driven by gains in passenger, goods, and sundry revenue, with freight loading reaching a record 1.61 billion tonnes. However, provisional net revenue decreased to ?2,342 crore, while the budget for 2025-26 projects a net revenue of ?3,041.31 crore.
Indian Railways betters operating ratio to 98.32% for fiscal 2024-25; non-fare revenue tops Rs 11,000 cr
Indian Railways showcased a slightly improved operating ratio of 98.32% for fiscal year 2024-25, with total earnings reaching Rs 2.65 lakh crore. Passenger revenue increased by 6.4%, while freight income saw a 1.7% rise.
Explained: What just happened in the US bond market
The selloff is the latest sign of the power of government bond markets to act as a restraint on policymakers, while talk of a return of so-called bond vigilantes has risen in recent years.
POS machines surge; Anti-deepfakes security rush
Happy Thursday! POS terminals have nearly doubled in three years, RBI data shows. This and more in today’s ETtech Morning Dispatch.
10 Best Wallets for Men Online: Functional Picks to Match your Style
This article offers a curated selection of high-quality, stylish, and functional wallets designed to meet the needs of the modern man. Featuring a variety of materials, including leather, RFID protection, and sleek, minimalist designs, these wallets combine convenience with security. Whether you are looking for a durable everyday wallet, a fashionable accessory, or a practical gift, this list highlights the best wallets for men that provide ample space for cards, cash, and IDs without compromising on style.
Why Deloitte is losing sleep over Elon Musk’s shadowy DOGE cost cutting mission
Deloitte has been hit hardest by the Trump administration's cost-cutting initiative under the Department of Government Efficiency (DOGE), losing 124 federal contracts worth over $371 million in taxpayer savings. With other major consulting firms also impacted, the government’s push for efficiency raises concerns over innovation and economic stability. Deloitte’s losses have led to job cuts and forced companies to reconsider their strategies amidst growing uncertainty.
“Menstrual cycles in transgender men”? Donald Trump’s USDA head kills $600K grant with one misleading post
A $600,000 grant awarded to Southern University to develop sustainable menstrual products has been abruptly revoked after officials misrepresented it as transgender-focused research. The project aimed to replace synthetic hygiene items with natural fibres like regenerative cotton and support local farmers in Louisiana. But a single line in the application mentioning transgender men was weaponised by Trump’s cost-cutting agency DOGE, led by Elon Musk. The fallout has endangered researchers, ignited backlash, and fuelled fears about the politicisation of science and women's health.
Blake Lively’s popularity plummets amid Justin Baldoni lawsuit; Hollywood insider claims, no one wants to work with her anymore
Blake Lively's legal battle with Justin Baldoni over alleged sexual harassment and defamation has significantly damaged her public image. Her popularity has decreased, with Hollywood insiders avoiding collaboration due to her behavior and budget overruns. Despite her efforts to improve her reputation through social media, the ongoing lawsuit continues to impact her career.
CPSE dividend for FY25 hits record Rs 74,017 crore
Central government's dividend collections from non-financial entities reached ?74,017 crore in FY25, a 16% increase from the previous year, despite a 39% drop in disinvestment revenue to ?10,131 crore. Major contributions came from state-run petroleum, coal, and power firms.
Can India become a global leader in AI & quantum computing by 2047?
India is poised to leverage AI, quantum computing, and semiconductors for significant economic growth. To achieve this, India must enhance its R&D investments, attract global academic talent, and focus on advancing deep-tech initiatives while addressing the current disparity in intellectual property commercialization.
India's April-February fiscal deficit at 85.8% of full-year target
India's fiscal deficit for April-February stood at 13.47 trillion rupees, representing 85.8% of the annual estimate. Net tax receipts reached 20.16 trillion rupees, or 78.8% of the annual target. The government revised its fiscal deficit target to 4.8% of GDP for the current financial year.
US reciprocal tariffs could cut British economic growth by 1%, OBR says
U.S. President Donald Trump's threats to impose new reciprocal tariffs could reduce British economic growth by up to 1%, according to the Office for Budget Responsibility. The British government is seeking to negotiate a new deal with the United States to avoid the tariffs, which would cause higher inflation next year.
Spring Statement 2025: Here’s what can be expected from Rachel Reeves’ speech
Chancellor Rachel Reeves' forthcoming Spring Statement 2025 is likely to underline the government's economic performance and respond to the pressures of falling tax revenues and increasing borrowing costs. With ?5 billion in public spending reductions and fiscal rules, Reeves will focus on investing in infrastructure and tax compliance. Concerns regarding local government funding and departmental reductions, however, persist.
Massive taxpayer exodus in the U.S? IRS braces for huge $500 billion revenue hit after DOGE cuts spark taxpayer revolt
The IRS is predicted to see a $500 billion shortfall in revenue as many taxpayers might not file taxes. This is influenced by staff cuts and federal reductions under the Trump administration. The IRS's reduced capacity will hinder tax collection and enforcement efforts. Other factors, including natural disasters and economic uncertainty, may also contribute to the decline.
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