The House of Representatives on Wednesday approved resolutions striking down a $5 cap on most bank overdraft fees and overturning a rule that would have given a federal regulator greater oversight powers over payment apps run by large technology companies. The overdraft fee limit was struck down 217 to 211, with Representative Ryan Mackenzie of…
Maryland lawmakers passed a measure Saturday to try to limit future liabilities from claims of sexual abuse at state and private institutions after thousands of people unexpectedly came forward with allegations of abuse, many of them in youth detention centers, putting potentially billions of dollars at stake for the state. The wave of cases targeting…
India intends to extend privileges previously exclusive to overseas Indians to all foreign investors. (AI image) The Reserve Bank of India (RBI) plans to raise the investment limit for individual foreign investors in listed companies to 10% from 5%, aiming to enhance capital inflows, according to senior government officials and documents seen by Reuters.Foreign portfolio…
NEW DELHI: Maharashtra deputy chief minister Eknath Shinde reacted to comedian Kunal Kamra‘s “gaddar” joke and said there should be a “limit” to freedom of speech. “Freedom of speech is there. We understand satire. But there should be a limit. This is like taking ‘supari’ (contract) to speak against someone,” he said at a BBC…
Dinesh Karthik is the batting coach of the Royal Challengers Bengaluru in the IPL. Bengaluru: Had India not won the Champions Trophy in Dubai, it is quite conceivable that Rohit Sharma’s place at the helm of the Indian cricket team would have come under scrutiny. He was on a perilously slippery slope, having fared poorly…
Representational (AP photo) The New Jersey Department of Education has announced that school districts will not face more than a 3% reduction in state aid for the 2024-2025 school year, as communicated in a broadcast memo last week. While district leaders welcome this cap, they express concerns about rising educational costs and the broader challenges…
NEW DELHI: The Supreme Court on Monday expressed displeasure over fresh pleas filed regarding the Places of Worship (Special Provisions) Act, 1991, which requires maintaining religious sites’ status as of August 15, 1947. Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, sitting as a two-judge bench, indicated they might not hear cases previously managed by…
Budget 2025 income tax: It is anticipated that with the thrust of the Government on the adoption of the new tax regime, there may be no changes to the old tax regime. (AI image) By Parizad SirwallaBudget 2025 income tax expectations: Ever since the last Union Budget was presented in July 2024, the world has…
Gov. Kathy Hochul of New York on Monday announced her intention to limit access to cellphones in schools for students in kindergarten through 12th grade as part of her latest push to address children’s reliance on the devices. In a statement, which provided no other details, the governor said she would include the legislation in…
Budget 2025: EY has also recommended that the government reduce income tax rates. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should consider raising the basic exemption limit from Rs 3 lakh to Rs 5 lakh under the new tax regime, says EY in its pre-Budget 2025 recommendations.EY, a leading consultancy firm…