In a big relief to Indian professionals working in the US and non-resident Indians (NRIs) sending money to India, the updated draft of the One Big Beautiful Bill Act (OBBBA) has reduced the tax rate on remittances to 1%, down from the 5% proposed originally. The tax will apply to remittances made via cash, money…
United States contributed approximately $32 billion in remittances to India in 2023-24. (AI image) US remittance tax relief on the cards! Non-Resident Indians or NRIs have reason to breathe a sigh of relief as the final draft of the ‘One Big Beautiful Bill Act’ proposes just 1% tax on remittances, as against 3.5% earlier. Originally,…
Mumbai’s Sakinaka became a river of garbage. NEW DELHI: Mumbai experienced significant rainfall exceeding 60 mm within 24 hours, bringing with it widespread chaos, waterlogging and misery. According to the India Meteorological Department (IMD), the Santacruz observatory registered 62 mm of rainfall, whilst Colaba station recorded 23 mm. Social media platforms were flooded with numerous…
As many as one in five people — an estimated 64 million in the United States — have elevated levels of a tiny particle in their blood. It can greatly increase the risk of heart attacks and strokes. But few know about it, and almost no doctors test for it, because there was not much…
Nitin Gadkari (ANI photo) NEW DELHI: Government will undertake the expansion of 25,000 km of two-lane highways to four lanes, involving an investment of Rs 10 lakh crore over the next two years, said road transport minister Nitin Gadkari in the Lok Sabha on Thursday. He also announced the decision to reduce the traffic threshold…
Walking School Bus Takes the Lead in Reducing Chronic Absenteeism in Hawaii Schools. (Photo Courtesy: Partners in Development Foundation) Chronic absenteeism is a challenge for schools across the nation, but Hawaii is stepping up with an innovative solution. The state’s school districts have found a way to tackle this issue head-on, with the help of…
NEW DELHI: The National Council of Educational Research and Training (NCERT) on Monday announced a 20 per cent reduction in textbook prices for classes 9 to 12, effective from the upcoming academic year.This was announced by NCERT Director Dinesh Prasad Saklduring an event here. Speaking at an event, Saklani said this is the first time…