Fed Risks a Recession if It Doesn’t Cut Rates Rapidly, Stephen Miran Warns
Stephen I. Miran, the newest member of the central bank’s Board of Governors, thinks some of his colleagues are too worried about inflation. Source link
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8th Pay Commission: How is hike in pension amount calculated? Check details
Many retired central government employees are waiting to see how the 8th Pay Commission will impact their pensions, now that the Centre has approved the commission’s Terms of Reference (ToR) and given an 18-month timeline for the report. Although pay commission discussions usually revolve around serving employees, pensioners outnumber them. As per the government’s Pensioners’…
Can Paul Atkins ‘Make I.P.O.s Great Again’?
The chair of the Securities and Exchange Commission has a plan to reverse the decline in public listings. His critics say he’s taking swings at the wrong target. Source link
Energy demand trends: Power consumption dips 6% to 132 billion units in October; unseasonal rains and cooler weather curb usage
India’s power consumption fell 6% year-on-year to 132 billion units (BUs) in October from 140.47 BUs in the same month last year, mainly due to lower use of cooling appliances and unseasonal rains across several regions, PTI reported.Experts attributed the decline to the combined impact of widespread rainfall and the early onset of winter, which…
How to Shop for Obamacare When Subsidies Are in Limbo
Enrollment for A.C.A. health coverage begins Nov. 1, with some staggering price increases. Here is a guide to help you choose a plan while Congress is at an impasse over tax credits. Source link
Small business owners alert! Secure your GST registration in just 3 days; check details
Small and low-risk enterprises will soon be able to secure their Goods and Services Tax (GST) registration in just three working days. The GST department is introducing a simplified registration route for small and medium businesses, which becomes operational from Saturday. India’s Digital ID, GST Reform Win Global Recognition From IMF Chief Kristalina Georgieva Under…
Fed Governor Defends Call for Big Rate Cuts
In a wide-ranging interview, Stephen I. Miran discussed why he thinks concerns about inflation are overblown and his worries about the economy if the Federal Reserve does not rapidly lower interest rates. Here is a full transcript. Source link
GST revenue momentum: Collections rise 4.6% to Rs 1.96 lakh crore in October; festive demand offsets impact of rate cuts
India’s gross Goods and Services Tax (GST) collections rose 4.6% year-on-year to about Rs 1.96 lakh crore in October, driven by festive demand and pent-up consumption, according to government data released on Saturday.The increase came despite GST rate cuts on 375 items–from kitchen essentials to electronics and automobiles–that took effect from September 22, coinciding with…
Attention FASTag users! NHAI rolls out new rules for KYV process; here’s what has changed
FASTag users will no longer face service disruption for not completing vehicle verification, with the National Highways Authority of India (NHAI) revising the Know Your Vehicle (KYV) process to make it simpler and more user-friendly. FASTag, a device fixed on a vehicle’s windscreen, enables automatic toll payment using Radio Frequency Identification (RFID) technology, allowing motorists…