Sat, February 1, 2025

by: Forbes

Trump's $10 Trillion Crypto Bet: Stablecoins To Replace Eurodollars?

The modern financial system runs on a form of dollars that most Americans have never heard of Eurodollars. Will they be replaced by stablecoins?

by: Firstpost

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the

by: AOL

Ford CEO Jim Farley on the 'huge business' of Mustang, Bronco, and Raptor performance vehicles

While performance cars and racing get the Ford faithful excited, it's been a growing business for Ford too. We spoke to Ford CEO Jim Farley from Charlotte Motor Speedway, where the Ford Performance team and Farley himself were showing off its enthusiast offerings.

by: cnbctv18

Budget 2025 Live Updates: Social security scheme proposed for gig workers, e-shram registration support

This move aims to connect them to social welfare programs offered by the government. The workers will also receive healthcare benefits under the PM Jan Arogya Yojana.

by: Reuters

Musk's team given access to U.S. government payment system, New York Times says

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

by: MSN

Mexico's president orders retaliatory tariffs on the U.S. after Trump starts trade war

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.

by: Mint

Union Budget 2025 Highlights: From income tax bonanza to consumption boost, FM's roadmap for Viksit Bharat

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income. The Union Budget also focused on boosting credit for

by: Reuters

Trump fires consumer bureau director Chopra, source says

Rohit Chopra announced early Saturday he was stepping down as head of the top U.S. watchdog agency for consumer finance after President Donald Trump fired him overnight, according a letter Chopra posted online and a person familiar with the situation.

by: MSN

UK India Business Council welcomes Union Budget's focus on regulatory reforms, fiscal consolidation

The UK India Business Council (UKIBC) on Saturday congratulated Finance Minister Nirmala Sitharaman and the Government of India on the presentation of India's Union Budget 2025-26. It said that it was encouraged with the Budget's clear focus on economic growth,

by: cnbctv18

Budget 2025: High-level panel to review non-financial sector regulations, Says FM

Sitharaman also urged state governments to participate in this effort to create a more business-friendly environment.

by: Mint

Budget 2025 | Tax clarity for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

by: Firstpost

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost disposable income,

by: Mint

Budget 2025 | Tax relief for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

by: cnbctv18

Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax rate cuts to an overhaul of the system, aimed at boosting consumption, simplifying taxation,

by: MSN

Trump's tariffs on Mexico, Canada and China spark fears of a trade war

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.

by: Firstpost

Big tax relief for middle class, push for agriculture, MSMEs: Takeaways of Union Budget 2025-2026

Nirmala Sitharaman made a slew of huge announcements during the 2025-2026 Union Budget speech - perhaps none bigger than that there would be no tax on income up to Rs 12 lakh under the new regime. But what other schemes did the finance minister unveil?
Sun, February 2, 2025

by: BBC

Booze, oil and orange juice: How Canada could fight Trump tariffs

As Justin Trudeau warns Canadians they could face "difficult days" ahead, here are four options for retaliation.

by: Mint

Income Tax Budget 2025 LIVE: How to save up to ?2.6 lakh under new tax rates?

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is no income tax for those drawing ₹12 lakh and less. We take a look at who is most likely to benefit from the changed income tax slab.

by: stockhead

The NT wants to rebuild its economy and lure investment from miners and explorers

The new NT Government has put addressing crime and rebuilding its economy at the top of its priority list, and that's good for miners.

by: CNN

These Americans don't think the economy is getting any better. Welcome to 'No Buy 2025'

Many Americans, especially female content creators, are pushing back against overconsumption and pledging to buy less — or even nothing beyond essentials — as well as not repurchasing a product they own until it has expired or no longer has use.

by: Couriermail

Former Labor premier Anna Bligh to retire as CEO of Australian Banking Association

Anna Bligh has announced she is standing down as the chief executive of the Australian Banking Association (ABA) after more than eight years in the role.

by: NDTV

Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln

Finance Minister Nirmala Sitharaman countered the Opposition's charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming polls,

by: Reuters

Asia automakers lead the decline as region takes a beating from Trump tariffs

Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump's introduction of sweeping tariffs on Mexico,

by: MSN

Do you need to file Taxes in 2025? Here's what to know about income and refunds

Filing taxes might seem like a chore, especially if you're not required to do so. However, there are compelling reasons to consider submitting a tax return, even when it's not mandatory.

by: Reuters

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,

by: MSN

Deep Dive: What Elon Musk's All-In Bet on Trump Means for Tesla

This weekend's deep dive explores Elon Musk's high-stakes gamble on a Trump presidency and what it means for Tesla's future. From Musk's $131 million investment in Trump's campaign to the potential policy shifts that could impact Tesla's electric vehicles,

by: NDTV

Can You Still Opt For Old Tax Regime? And Will You Gain Or Lose Out

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime, many are left wondering if the government plans to scrap the old tax

by: Mint

Union Budget 2025 Highlights: Nirmala Sitharaman will introduce IT bill next week, PM Modi congratulates FM

Budget 2025 LIVE updates: Abhishek Jain, Indirect Tax Head & Partner of KPMG, highlighted that the adjustments announced to customs duties in India are set to foster expansion and development in the nation.

by: Reuters

Reactions to Trump's tariffs on goods from Mexico, Canada, China

U.S. President Donald Trump on Saturday ordered tariffs of 25% on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address what he calls a national emergency of fentanyl and illegal immigration pouring into the U.

by: MSN

Centre's tax clarity on VC asset sales to reduce litigation

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic alternative investment funds (AIFs), leading to these firms paying income tax.

by: Reuters

US Senate panel to vote on RFK Jr.'s health secretary nomination

A U.S. Senate committee will vote Tuesday on whether to advance President Donald Trump's nomination of Robert F. Kennedy Jr. to lead the Department of Health and Human Services, the committee announced Sunday.

by: MSN

Trump rolls out his vision to reshape America's schools

President Trump issued two executive orders that call on his administration to look into more funding for schools that adopt his political ideologies.

by: MSN

Trump imposes tariffs on Canada, Mexico and China

American importers will pay a new 25 percent tax on goods from Canada and Mexico and a 10 percent levy on products from China.

by: MSN

Japan's factory activity extends decline, optimism weakens, PMI shows

Japan's factory activity fell at the fastest pace in 10 months on sluggish demand, a private-sector survey showed on Monday, with business confidence hitting a more than two-year low in a sign that the manufacturing sector is under heavy pressure.

by: MSN

Prediction: 3 Stocks That'll Be Worth More Than Amazon 10 Years From Now

While the e-commerce behemoth is still a solid growth prospect, a handful of names are positioned to leapfrog Amazon in terms of sheer size.

by: MSN

America's favorite beer, avocados, gas and cheap stuff from Temu will get more expensive as economists warn of Trump tariffs impact

Avocados from Mexico. Cherry tomatoes from Canada. Cheap clothes from China's Shein and Temu. Gasoline at the pump. And even America's favorite beer. Economists and market analysts are warning that Americans should brace for higher prices on a raft of everyday goods after President Trump announced 25% tariffs on goods from Mexico and Canada and 10% on imports from China.

by: MSN

Could the Stargate Project Help Send BigBear.ai Stock Soaring This Year?

Spending on artificial intelligence (AI) has been heating up recently, and it may not necessarily be slowing down. The Stargate project, a new joint venture announced in January, will involve multiple companies -- OpenAI,

by: MSN

Trump Tariffs Live Updates: President Admits Prices Could Rise As Canada And Mexico Plan Retaliation

AM EST Homeland Security Secretary Kristi Noem acknowledged on "Meet the Press" that Trump's tariffs could raise prices but said the blame would fall on other

by: MSN

Trump unveils sweeping US tariffs on Canada, Mexico, China

President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.

by: MSN

Today's Mortgage Rates | Rates Start the Month a Bit Lower

These are today's mortgage and refinance rates. Where mortgage rates go this year depends on inflation and Fed policy.

by: MSN

Anchorage's 10th Annual Black Business Expo Empowers Entrepreneurs In Alaska

"I wanted there to be more opportunities for us to work together. We do a lot of celebration in terms of food and dancing, but not enough education around financial literacy, economic empowerment, or generational wealth building.

by: MSN

Enhanced credit, support for women and SC/ST entrepreneurs in the pipeline

Finance Minister Nirmala Sitharaman`s eighth Budget provided a shot in the arm to micro, small and medium enterprises, as she proposed a slew of measures including enhancement of investment and turnover limits for their classification,

by: MSN

Car Prices Face $3,000 Increase as Tariffs Hit Auto Sector

President Donald Trump's tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted.

by: MSN

'Business with a friend': Leaders from sister city Chihuahua spend weekend in Pueblo

Business and Education leaders from Chihuahua, Mexico spent a weekend in the Steel City to discuss mutually beneficial opportunities

by: MSN

I'm a multimillionaire who balances frugality and treating my 3 kids. I remember what it's like not to be wealthy.

Brandon Medford, CEO and multimillionaire, balances frugality and treating his kids. He learned to build his wealth after starting his own company.

by: MSN

Canada, Mexico Hit Back at Trump Tariffs, China Vows Action

Canada and Mexico vowed to hit back at US tariffs with tit-for-tat measures after President Donald Trump followed through on his threats of general levies of 25%, beginning a trade war that's set to reshape global supply chains.

by: MSN

Textiles to toys: MSMEs get a Rs 2,250 crore booster shot with mission exports

Commerce, MSME and finance ministries in India will collaborate to identify key sectors needing significant capital for technology upgrades, marketing, and accessing new markets to boost exports. An Export Promotion Mission with a budget of Rs 2,
Mon, February 3, 2025

by: MSN

To help pay for Trump tax cuts, new taxes on worker benefits become GOP target

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.

Big tax relief for middle class, push for agriculture, MSMEs: Takeaways of Union Budget 2025-2026

Nirmala Sitharaman made a slew of huge announcements during the 2025-2026 Union Budget speech - perhaps none bigger than that there would be no tax on income up to Rs 12 lakh under the new regime. But what other schemes did the finance minister unveil?

The Union Budget for 2025-2026, presented by Finance Minister Nirmala Sitharaman, focuses on several key areas aimed at economic growth and social welfare. It includes significant tax relief for the middle class, with an increase in the income tax exemption limit to Rs 7 lakh under the new tax regime, and a reduction in the highest surcharge rate from 37% to 25%. The budget also emphasizes support for agriculture and MSMEs through measures like the establishment of an Agriculture Infrastructure Fund, promoting digital agriculture, and providing financial assistance to small farmers. For MSMEs, there are initiatives to enhance credit access, reduce compliance burdens, and promote digital transactions. Additionally, the budget outlines plans for infrastructure development, healthcare improvements, and environmental sustainability, including a push towards renewable energy and electric vehicles. The overarching theme is to foster inclusive growth, boost employment, and ensure economic resilience in the post-COVID era.

Read the Full Firstpost Article at:
https://www.firstpost.com/explainers/big-tax-relief-middle-class-push-agriculture-msmes-takeaways-union-budget-2025-2026-13858607.html


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