[ad_1] Don’t expect the Federal Reserve to rescue the US economy from the epic tariffs imposed by the Trump administration on imports from most of the world. The only question now is how bad the damage will be. The US President’s attack on free trade is truly extraordinary in its scope, scale and lack of…
[ad_1] (Bloomberg) — Municipal bonds are heading for their worst month — compared to US Treasuries — since the asset class’s pandemic-fueled rout in March 2020. Munis are track for a 2% loss this month, while US Treasury returns were flat as of March 30, according to Bloomberg index data. Though, the rout is poised…
[ad_1] At the World Bank, he installed David Malpass but otherwise left the institution untouched. He kept David Lipton, an advisor to Democrats, in place as the IMF’s number two official, an appointment that is traditionally the prerogative of US presidents. Also Read: Data at threat: The Trump administration’s war on statistics won’t end we…
[ad_1] Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they primarily benefit middle-income earners. Responding to a debate in the Rajya Sabha, Sitharaman said a closer look at the tax proposals reveals that the maximum benefit applies to those earning up to â‚ą12 lakh, tapering off as…
[ad_1] However, the relaxations have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to â‚ą24 lakh. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. The changing tax…
[ad_1] As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25. Has the ongoing cyclical slowdown put the Centre’s fiscal consolidation agenda…
[ad_1] If the absence of a concrete plan of economic action was rendering the US Democratic Party’s presidential candidate Kamala Harris vulnerable to political criticism, she has now sought to correct that. At a poll rally, Harris announced new ideas that include enhancing expenditure deductions for startups, providing greater child tax credits, offering the middle…
