United States President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax revenue from Americans who make more than $400,000 a year.
Starting from April 1st, the interest on employee contributions to new provident fund tax rule of over ₹2.5 lakh per annum will be taxed, finance minister Nirmala Sitharaman announced in the Union Budget 2021.
Bitcoin price charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts said in a note. The world’s biggest digital currency hit a record of $51,300 on Wednesday after smashing the $50,000 mark for the first time a day earlier, fuelled by signs it is winning acceptance among mainstream investors and companies.
The cash is flowing for China’s electric vehicles hopefuls, and not because they’re making heaps of it—or cars. But what can you expect if Tesla Inc. is the industry pioneer? Sucking up capital is reminiscent of Tesla’s trajectory (and arguably, ongoing path). But that should not justify this current frenzy.
On Wednesday Indian markets rebounded today after falling over the past four sessions. Higher Asian markets helped lift the sentiment. The Sensex was up over 400 points while Nifty reclaimed 12,100. Metal, pharma and banking stocks led the gains today. Among the Sensex stocks, RIL, HDFC, Kotak Mahindra Bank, IndusInd Bank, HCL Tech, SBI and Tata Steel were over 1% today.
The Indian service sector started 2020 on a strong footing, with surging demand underpinning the fastest increases in new orders and output in 7 years, according to a private survey. The IHS Markit India Services Business Activity index rose to 55.5 in January, from 53.3 in December, signalling the strongest upturn in output in seven years.