Harris could become first Black woman, first person of South Asian descent to be president
Harris could become first Black woman, first person of South Asian descent to be presidentBiden announced Sunday that he was stepping aside after a disastrous debate performance catalyzed fears that the 81-year-old was too frail for a second term. Harris is the first woman, Black person or person of South Asian descent to serve as vice president. She later became Biden's running mate, but she struggled to find her footing after taking office as vice president. Nixon resigned in 1974 during the Watergate scandal and was replaced by Vice President Gerald Ford. In office, Harris quickly became part of the Democratic resistance to Trump and gained recognition for her pointed questioning of his nominees.
Source:Hindustan Times
July 22, 2024 13:20 UTC
Joe Biden endorses Kamala Harris as Presidential nominee for Democrats
US President Joe Biden, who dropped out of the 2024 White House race, endorsed Vice President Kamala Harris as the presidential nominee for the Democratic party. President Joe Biden walks with Vice President Kamala Harris (AP)“My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. If she is made the Democratic presidential nominee and goes on to win the polls, Harris will become the first woman, second black person to be President of America. The 81-year-old President also expressed his gratitude towards people and thanked his Vice President, Kamala Harris, for being an “extraordinary partner” in all the work during his tenure.
Source:Hindustan Times
July 22, 2024 11:32 UTC
Economic Survey highlights need for private investments to boost talent, productivity: Experts
NEW DELHI: The pre-budget Economic Survey highlights the need for measures to boost talent and productivity through private sector investment, experts said on Monday. Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2023-24 in Parliament. Rumki Majumdar, Economist, Deloitte India said the Survey has highlighted measures to boost talent and productivity through private sector investment in skills (in addition to what the government is initiating), physical and digital connectivity and building state capacity and capabilities. Aditi Nayar, Chief Economist and Head - Research & Outreach, ICRA said the Survey stresses that in the medium term, growth needs to be supported by the private corporate sector as well as the state governments. The realisation of both these paradigms is crucial to ensure an optimal growth-inflation mix over the medium term."
Source:Indian Express
July 22, 2024 11:27 UTC
Will India see a reduction in TDS tax that currently exist in crypto?
The taxation on crypto should also be at par with other businesses, the TDS should be reduced from 1% to 0.01 %, and set off of losses should be allowed. The government and other stakeholders to promote awareness about the benefits and risks of crypto, and align stakeholders on comprehensive regulations around Web3 technology. Read more at:https://economictimes.indiatimes.com/markets/cryptocurrency/budget-2024-will-india-see-a-reduction-in-tds-and-other-taxes-that-currently-exist-in-crypto/articleshow/111899067.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source:Economic Times
July 22, 2024 11:00 UTC
Six food outlets closed and 68 fined in two-day crackdown in Kochi
KOCHI: As many as 68 food outlets in 14 circles (assembly constituencies) of Ernakulam district have been fined, and six hotels closed down by the Food Safety Department following a two-day special drive. “As many as 387 food outlets were inspected by 14 squads. Meanwhile, Veena urged employees of establishments engaged in cooking, distribution, and sale of food to get health cards. Adharsh said they have been conducting routine inspections as food poisoning cases have been reported in several parts, especially in Kakkanad and Thrikkakara, where more food outlets are operating. ‘Health card mandatory’Health Minister Veena George urged employees of establishments engaged in cooking, distribution, and sale of food to get health cards.
Source:Indian Express
July 22, 2024 10:26 UTC
From 'Pretty' nicknames to Hawaiian plans between BTS V and Jungkook: TaeKook's special connection through pictures
The 'Rainy Days' singer disclosed that when he missed the 'Seven' singer while in Hawaii, all he had to do was let him know, and the maknae would promptly come.
Source:Hindustan Times
July 22, 2024 09:29 UTC
Kamala Harris has the edge but can she challenge Donald Trump's resurgence?
With Joe Biden's sudden exit from the race to the White House, Kamala Harris is being seen as his possible replacement, backed by the president and many other Democrats. After exiting the race Joe Biden has endorsed Kamala Harris as his replacement but can Kamla take on Donald Trump? Joe Biden's endorsement has automatically filled up Harris' coffers with $96 million in campaign funds. His campaign has also formally renamed itself as ‘Harris for President,’ and all members will now work for Harris. His campaign has called Kamala Biden's ‘enabler in chief.’ Trump campaign videos on immigration and inflation, initially prepared to attack Biden's policies, are now being used to question Kamala.
Source:Hindustan Times
July 22, 2024 09:17 UTC
Corporate and Company Law
Shinryo Corporation, a leading Japanese conglomerate, has acquired an 84.99% stake in GMP Technical Solutions, the second-largest clean room equipment manufacturer in India. Our firm advised the seller, Vascon Engineers Limited, a Pune-based engineering and real estate firm, and GMP Technical Solutions, on the sale of the stake to Shinryo Corporation.1INDUSLAW Team:Minhaz Lokhandwala (Partner), Vwastav Ghosh (Principal Associate) and Yashovardhan Kedia(Associate)Other law firms advised:Mori Hamada & Matsumoto and DSK Legal - Shinryo CorporationFootnotes1 https://www.moneycontrol.com/news/business/real-estate/shinryo-corp-to-acquire-clean-room-partition-maker-gmp-technical-solutions-12771627.html2 https://economictimes.indiatimes.com/news/company/corporate-trends/japans-shinryo-to-acquire-gmp-technical-solutions/articleshow/111825945.cms?from=mdrThe content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Source:Economic Times
July 22, 2024 09:13 UTC
Today’s Stock Recommendation: July 22, 2024
Here’s an interesting stock idea: The stock that we have today is Welspun Corp.It has been moving in a sideways trend since the beginning of this year. But recently, it broke out of the range, opening the door for further rally. Here’s how you can plan the trade. Check out the latest episode of Today’s Pick to learn more. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppReddit
Source:The Hindu
July 22, 2024 08:06 UTC
Budget 2024: This income tax relief will benefit ELSS mutual fund investors
If Finance Minister Nirmala Sitharaman raises the Section 80C limit during her Budget 2024 presentation on Tuesday (July 23), investors in Equity Linked Savings Scheme (ELSS) mutual funds stand to gain significantly, reported livemint.com. The change would provide enhanced opportunities for tax savings and investment growth. What are ELSS mutual funds? It may be noted that ELSS funds are a top investment choice for both salaried individuals and the self-employed, offering significant tax savings under Section 80C of the Income Tax Act. ELSS mutual funds offer significant tax benefits under Section 80C, allowing investors to claim deductions up to Rs 1.5 lakh.
Source:Mint
July 22, 2024 06:37 UTC