Trump Proposes Suspending Federal Gas Tax Until Prices Fall
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began. Source link
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Equity mutual fund inflows fall 5% to Rs 38,440 crore in April; SIP contributions also ease
Net inflows into equity-oriented mutual fund schemes declined 5 per cent month-on-month to Rs 38,440 crore in April, while contributions through Systematic Investment Plans (SIPs) also moderated, according to data released by industry body AMFI on Monday, PTI reported.Equity mutual funds had attracted net inflows of Rs 40,450 crore in March.Monthly SIP contributions slipped to…
Kennedy Is Driving a Vast Inquiry Into Vaccines, Despite His Public Silence
Health Secretary Robert F. Kennedy Jr. has toned down his public criticism of vaccines, under orders from the White House. But inside his department, a sprawling research effort is a top priority. Source link
Amid forex concerns, jewellers’ body asks govt to mobilise idle gold instead of curbing demand
Jewellery industry body All India Jewellers & Goldsmith Federation (AIJGF) on Monday urged the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning that any sharp fall in demand could hurt livelihoods linked to the sector, PTI reported.The federation’s comments came a day after Prime Minister Narendra Modi appealed…
First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters. Source link
India-US trade deal talks to continue as New Delhi expects American team visit, says official
India expects a US delegation to visit the country for the next round of bilateral trade talks, though dates for the meetings are yet to be finalised, an official told news agency PTI on Monday.The development comes after Indian officials travelled to Washington DC in April for in-person discussions with their US counterparts to advance…
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi. Source link
US stock markets today (May 11, 2026): Wall Street pauses after record rally; oil jumps as US-Iran talks stall
Wall Street’s main indices traded cautiously on Monday after last week’s record-setting rally as renewed concerns over stalled US-Iran peace talks and rising oil prices weighed on investor sentiment, Reuters reported.The Dow Jones Industrial Average was nearly flat in early trade, slipping 3.54 points, or 0.01 per cent, to 49,605.62.The S&P 500 rose 11.38 points,…
Walmart, Target and Dollar General Spend Billions to Make Stores Look Nicer
Walmart, Target and Dollar General are among those investing in remodeling thousands of existing stores, even as shoppers take their dollars online. Source link
India has enough petrol, diesel and LPG stocks; no fuel rationing planned: Centre
India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…