What Is the Nondelegation Doctrine?
The groups challenging the president’s tariffs assert that the measures overstep the principle that Congress cannot cede its legislative powers to other branches of government. Source link
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GST rationalisation impact: Higher RBI dividend expected to offset revenue shortfall; CareEdge flags tax pressure
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
A Supreme Court Veteran and a Newcomer Will Make the Case Against Trump’s Tariffs
Neal Katyal, who has argued over 50 cases before the court, represents a group of businesses. Benjamin Gutman, Oregon’s solicitor general, represents a coalition of states and is making his first appearance. Source link
India mulls CNH trade at GIFT City: Amid easing ties with China, banks push for Yuan transactions; high-level review under way
AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…
Was Mamdani’s Win a Referendum on Capitalism?
Democrats won big nationwide. But Zohran Mamdani’s victory raises questions about whether Democrats and voters are embracing populism. Source link
Trump sanctions bite! Oil heading to India, China falls steeply; but can the world permanently ignore Russian crude?
While Russian exporters continue loading crude onto vessels, refineries show reduced willingness to transfer the cargo to their storage facilities. (AI image) Donald Trump’s latest sanctions on Russian crude oil firms appears to have had the intended impact – at least as of now. Refiners are reportedly unwilling to pick up Russian crude oil from…
‘Going on very well’: Piyush Goyal gives update on India-US trade deal talks; cites ‘many sensitive, serious issues’
Union Commerce Minister Piyush Goyal on Wednesday gave an update on the ongoing India-US trade talks amid persisting tensions, as India deals with 50% tariffs. The union minister indicated that while discussions on the India-US Bilateral Trade Agreement (BTA) are “going on very well,” there remain “many sensitive and serious issues” that will require additional…
The Times’s Profit Jumps With 460,000 More Subscribers
The Times now has 12.33 million total subscribers to all of its products. It has said it is aiming for 15 million by the end of 2027. Source link
‘Benchmark for countries’: FATF hails India’s asset recovery efforts; notes ED’s role in returning defrauded funds
Watchdog FATF hails ED’s asset recovery efforts NEW DELHI: The Financial Action Task Force (FATF) acknowledged India’s efforts in recovering public assets lost to financial crimes, highlighting a money laundering case where land confiscated by the Enforcement Directorate (ED) was identified for the construction of a new airport that would serve the public.The acknowledgment comes…
India to cut Russian oil imports in a big way? Major refiners may halt direct trade from late November; alternate sources being explored
India plans to reduce direct imports of Russian crude from late November following the introduction of new US sanctions targeting Rosneft and Lukoil, which come into effect on November 21. Analysts expect Indian refiners—responsible for over half of the country’s Russian crude used in petrol and diesel production—to comply with the sanctions.According to maritime intelligence…