AI image Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be…
Road out of troubled waters The Finance Commission has proposed a targeted push to accelerate and make India’s urban growth more orderly, focusing on strengthening mid-sized cities and bringing rapidly urbanising fringes of cities into municipal corporations.In its recommendations on urban local body (ULB) grants, the 16th Finance Commission has outlined two key priorities: integrating…
Trump H-1B Visa Overhaul: Impact on Indian Professionals and US Tech Sector A once-strategic partnership between the United States and India, long built on mutual economic benefit, innovation and people-to-people ties, is now straining under sweeping immigration and trade policies implemented under former President Donald Trump’s administration. Policies such as the drastic H-1B visa fee…
In a major ruling on how High Courts should deal with chronic delays in delivering judgments, the Supreme Court has repeated and intensified its previous instructions on how such delays should be timely eliminated to bring about timely delivery of the reserved judgment. The Court placed special emphasis on the importance of ensuring that the…
Indians are increasingly investing in real estate overseas. Even salaried individuals are doing so driven by factors like children studying abroad and investment diversification. For resident individuals, such purchases are governed by RBI’s Liberalised Remittance Scheme (LRS), which allows outward remittances of up to $250,000 per person in a financial year. Families often pool individual…
To ensure persons with disabilities (PwDs) get dignified livelihood opportunities and timely access to assistive devices, the govt on Sunday announced the ‘Divyangjan Kaushal Yojana’ and the ‘Divyang Sahara Yojana’.Finance minister Nirmala Sitharaman said the ‘kaushal yojana’ for livelihood and the ‘sahara yojana’ for assistive devices are “fundamental needs” for PwDs.Noting that IT, animation, visual…
Why the Weak Rupee and Peso Are Turning Into a Remittance Windfall for UAE Expats and Should You Send Money Now? A softening Indian rupee, Pakistani rupee and Philippine peso, trading near multi-year lows against the UAE dirham, is emerging as a remittance opportunity for expatriates in the UAE, prompting many workers to rethink when…
Of 30 Index Stocks, 26 Close In Red At a time when global markets are witnessing high volatility due to geopolitical uncertainties, the hike in securities transaction tax (STT) on derivatives trades hit investor sentiment on Dalal Street on the Budget day. This in turn led to a sharp sell-off that pulled the sensex down…
Gold, silver prices crash (AI image) Gold, silver prices continue to decline! Gold and silver prices have been crashing in the last two trading sessions, plunging drastically from record highs, raising questions about whether the bull run is over and if the volatility is here to stay.Silver prices have dropped by 26,273 per kg, or…
Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…
