• Mon, December 2, 2024

by: Bill Williamson

Thai Finance Minister says room for rate cut as inflation is low

There is room for a rate cut in Thailand as inflation is low, the finance minister said on Tuesday as he reiterated his call for monetary and fiscal policy to work together to support the economy. Fin

by: Bill Williamson

Partnership of promise

China and Peru have great potential for collaborating on green technology and climate finance.

by: Bill Williamson

Art Cashin, Wall Street veteran and CNBC regular, dies at age 83

Art Cashin, a renowned market pundit and the UBS director of floor operations at the New York Stock Exchange, has died at the age of 83, UBS said.

by: Bill Williamson

The Bill Gates Foundation Bought 1,000,000 Shares Each Of Two Stocks In Q3 2024 And They're Both In The Same Sector - Why?

Since leaving his post as Microsoft CEO in 2000, Bill Gates has become one of the world's most visible philanthropists. He does most of his charitable giving through the Bill and Melinda Gates Foundation,

by: Bill Williamson

LinkedIn Has A Few AI Features For Users To Try (And Here's How To Use Them)

LinkedIn offers benefits for paying for its Premium features, but are they really worth it? We took a look at the new AI tools on the platform.

by: Bill Williamson

South Africa is the perfect destination for outsourcing software development

by: Bill Williamson

Brokerage Radar: Jefferies bullish on Global Health, HSBC says 'Buy' to Bajaj Finance

Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes M&M, Bajaj Finance, Gujarat Gas and more.

by: Bill Williamson

Robert Kiyosaki: 8 Assets To Get You So Rich You Can Quit Your Job Forever

In the realm of personal finance, Robert Kiyosaki stands as a beacon of unconventional wisdom, challenging traditional notions of wealth accumulation, get-rich tactics and financial freedom.

by: Bill Williamson

'Shark Tank' stars, AI investor and 'anti-woke' fund to take stage in Palm Beach County

The goal is investment and finance at Palm Beach County events. But there will be a political backdrop nonetheless.

by: Bill Williamson

Will County Board elects Democratic speaker, replaces Steve Balich as Republican leader

The Will County Board selected Sherry Williams of Crest Hill as Democratic leader and Jim Richmond of Mokena as Republican leader.

by: Bill Williamson

JPMorgan's investment banking chair departs, memo says

Wall Street giant JPMorgan Chase's global chair of investment banking Jennifer Nason is set to leave the bank early next year after almost four decades, according to an internal memo seen by Reuters on Monday.

by: Bill Williamson

This Interior Department senior executive has done it all when it comes to money

by: Bill Williamson

America's biggest private company is laying off thousands of workers

Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop.

by: Bill Williamson

Insurance cost to drop if GST Council lowers taxes: Finance Minister

by: Bill Williamson

Banks behind troubled Brazil coffee traders could take $181 mln hit

Banks which financed two Brazilian coffee traders that last week sought court-supervised debt restructuring have a total of 1.1 billion reais ($181.6 million) in credit with the firms, court documents seen by Reuters showed on Monday.

by: Bill Williamson

Research shows business outlook in Wales is recovering

by: Bill Williamson

Planet Partners with Laconic to Deliver AI-Powered Forest Carbon Insights, Aiming to Enable Informed Carbon Credit Trading

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that they have signed a multi-year, seven-figure deal with Laconic, a company leading a global shift in climate finance,

by: Bill Williamson

Budgeting isn't for everyone, but 'intuitive spending' has its problems too

Financial pros discuss whether strict budgets are toxic or if flexible financial habits, like "intuitive spending," offer better long-term results.

by: Bill Williamson

How Dick's Sporting Goods Is Succeeding

We also chat with Christine Benz, the author of "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement."

by: Bill Williamson

Macy's Multimillion-Dollar Error

by: Bill Williamson

Tax hikes push wealthy individuals to exit the UK - what are the risks of relocating?

Increasing numbers of wealthy individuals are exiting the UK in the aftermath of the Autumn Budget. Chancellor Rachel Reeves unveiled £40 billion of tax rises in her first Autumn Budget in October.

by: Bill Williamson

Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December

by: Bill Williamson

Govt lowers FY25 GDP growth forecast to 5.25%, estimates inflation at 9%

by: Bill Williamson

2024 Tech And IT Recap: Transformations, Trials, And Triumphs

Explore 2024's pivotal tech moments, from AI advancements to cybersecurity crises, cloud innovations, and workforce shifts. Key lessons shaping 2025 and beyond!

by: Bill Williamson

$3.5B in Liberals' COVID business loans went to ineligible recipients, auditor general finds

The audit found that the program disbursed loans quickly and in a timely manner during the pandemic. It also found that the vast majority (91 per cent) of loan recipients audited were eligible, though the remaining nine per cent of ineligible recipients represented a $3.5 billion expenditure.

by: Bill Williamson

The Most-Searched Tax Deductions of 2024

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Searching for tax deductions is a way to learn how to save money.

by: Bill Williamson

'Moneyball' and 'Big Short' author Michael Lewis says elite rich Americans often overlook these factors that are key to their success

"There's a natural tendency for people to tell the story of their lives, of their success, forgetting all the accident that was involved, all the help they got, all the gratitude they should feel," said "Moneyball" and "The Big Short" author Michael Lewis on an episode of the Emmy-nominated interview series, "Brief But Spectacular."

by: Bill Williamson

Forget Cyber Monday, Stocks Are On Sale Today

While I'm a frugal person by nature, even I am struggling to avoid the siren call of the Cyber Monday deals. At moments like this, I try to remember that the greatest gift you can give yourself is financial stability—today and for the future.

by: Bill Williamson

Exclusive: Worldline attracts early stage interest from private equity firms, sources say

by: Bill Williamson

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"
  • Tue, December 3, 2024

by: Bill Williamson

Google Worried Israeli Contract Could Enable Human Rights Violations

The tech giant, which has defended the deal to employees who oppose supplying Israel's military with technology, feared the project might damage its reputation.

by: Bill Williamson

EPFO claim rejected or 'returned': Know why and how to fix errors

Correct deficiencies: For returned claims, EPFO will indicate the errors or missing information. These could include incorrect details, missing documents, or discrepancies in personal information. Make necessary corrections by updating your details, documents, or any required information through the EPFO portal.

by: Bill Williamson

GDP declines by 0.3% in third quarter

South Africa's economy has unexpectedly shrunk by 0.3 percent in the third quarter. Agriculture, forestry and fishing industries decreased by 28.8 percent. The transport, storage and communication industry also decreased by 1.

by: Bill Williamson

Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?

The Group of Ministers (GoM) on Rate Rationalisation, has proposed a "different tax treatment" for sin goods such as cigarettes, tobacco, and pan masala, according to finance ministry sources. Sources Say GoM proposes a hike in GST on aerated drinks,

by: Bill Williamson

Be the Future: Malaysia's First Philosophy, Politics & Economics Degree

As the world becomes increasingly interconnected, future leaders must tackle complex challenges in geopolitics, economics, and ethics with a multidisciplinary mindset.

by: Bill Williamson

Stellantis considers Picat and Filosa for CEO, says source

The board of Stellantis is considering its head of North American operations, Antonio Filosa, and procurement chief Maxime Picat as internal candidates for the CEO position, a source close to the matter said on Monday.

by: Bill Williamson

Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth

by: Bill Williamson

France faces 'moment of truth' with government on brink of collapse

PRIME Minister Michel Barnier warned that France has reached its "moment of truth," as far-right leader Marine Le Pen is set to join a left-wing coalition to topple his government as soon as this week.

by: Bill Williamson

Lighthouse Canton Releases Venture Debt Report, Highlighting Growth of Non-Dilutive Financing for Startups in India

Lighthouse Canton has released an in-depth report titled "Silent Bloom: Venture Debt's Growing Influence." on India's startup ecosystem and its venture debt funding landscape. The global investment institution's report highlights the growing importance of venture debt as a financing tool in India's startup ecosystem.

by: Bill Williamson

REITs in India: 24% returns and 60% of office space ready for investment

Embassy REIT, Mindspace REIT, Brookfield India REIT, and Nexus Select Trust REIT generated returns of 24%, 18%, 6%, and 39% respectively since their inception

by: Bill Williamson

Upper Crust owner SSP posts 23% rise in annual profit

by: Bill Williamson

Egypt's non-banking finance hit $13bln in 9 months: FRA

by: Bill Williamson

Indonesia offers six oil and gas blocks in second 2024 auction

by: Bill Williamson

Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says

The "Magnificent Seven" stocks are a buy during corrections as most of them will keep generating money, according to a New York University professor known for his expertise on valuations.

by: Bill Williamson

Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees

Commonwealth bank customers will now be subject to a $3 fee when withdrawing their cash with major new changes approaching in the new year. Customers of Commonwealth Bank Australia will now be subject to a $3 fee when simply withdrawing cash.

by: Bill Williamson

Will RBI announce a rate cut? MPC meet date, time, and what to expect

The December MPC will convene from 4 to 6 December, with the decisions announced live by Governor Shaktikanta Das at 10 AM on December 6. The announcement can be streamed live on the RBI's YouTube, Facebook, and X platforms. Updates will also be available on the Business Standard website and social media platforms.

by: Bill Williamson

Prosus invests $100 million in Vastu Housing Finance, acquires minority stake

by: Bill Williamson

Exclusive: Netflix star Ryan Serhant raises $45 million to disrupt the real estate brokerage business

The reality TV personality is starting his next act as a tech entrepreneur with backing from Camber Creek and Left Lane Capital.

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"
The Group of Ministers (GoM) on GST rate rationalization has proposed the introduction of a new 35% GST slab, which would apply to tobacco products and aerated drinks, aiming to simplify the current tax structure. This proposal was discussed in a meeting led by Uttar Pradesh Finance Minister Suresh Khanna, where the panel also considered reducing the number of tax slabs from five to three. The GoM suggested merging the 12% and 18% slabs into a single rate, while retaining the 5% and 28% slabs, with the addition of the new 35% slab. This restructuring is part of a broader effort to streamline GST rates, potentially affecting the taxation of various goods and services, including luxury items and sin goods. The recommendations are set to be forwarded to the GST Council for further deliberation.

Read the Full Business Standard Article at:
https://www.business-standard.com/economy/news/gom-proposes-fresh-band-35-gst-slab-likely-for-tobacco-aerated-drinks-124120201194_1.html

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