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Wholesale Inflation Sees Notable Decrease, Easing Price Pressures
Wholesale inflation decreased notably last month, driven by reversed gas price increases and broader core wholesale inflation drops, giving the Federal Reserve flexibility on interest rates, though consumer prices still outpace wages.
US Treasury Proposes New Rules for Trump Accounts, Allowing Employer Contributions and Pre-Tax Payroll Deductions
The US Treasury Department and IRS have proposed rules enabling employers to contribute up to $2,500 tax-free annually to employees' dependent children's Trump Accounts, with employees also able to make pre-tax contributions via payroll.
Jio Financial Services, Bank of America Form $1.9 Billion Joint Venture
Jio Financial Services and Bank of America announce a joint venture with Bank of America acquiring up to 49.9% in Jio Credit for approximately $1.9 billion, subject to regulatory approvals.
Property Dealer Wins Tax Case Against Rs 54 Lakh Cash Deposit Addition
A Rohtak property dealer, Mr. Rathee, successfully appealed against an Income Tax Department order adding Rs 54 lakh to his income after depositing cash from buyers into his account, proven to be a pass-through for facilitating sales.
What happens if you miss a loan EMI? Understanding rules, bank actions and borrower rights
Missing a single loan EMI typically leads to reminders rather than immediate action. Loans become Non-Performing Assets after 90 days, prompting legal or collection steps while RBI guidelines protect borrower dignity.
Oil Prices Fall as Demand Projections Lower Amid U.S.-Iran War
Oil prices fell over 1% after OPEC and the IEA lowered global demand forecasts due to the U.S.-Israeli war on Iran. However, ongoing supply disruptions in the Strait of Hormuz continue to sustain price floors.