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Sending money abroad through a bank or authorised forex dealer does not automatically put a taxpayer in the Income Tax Department’s crosshairs. But the department’s latest nationwide verification exercise is a reminder that being within the RBI’s foreign-exchange limits and being tax-compliant are two different things. The Income Tax Department has launched…
The Internal Revenue Service has updated the questions and answers in its fact sheet on the new overtime deduction under the One Big Beautiful Bill Act, also known as the Working Families Tax Cuts. Processing Content The changes include deleting information that was only applicable to tax year 2025. The revised fact sheet, which was…
Key Takeaways Banks may lower savings account interest rates alongside Federal Reserve rate cuts. Compare your earnings and shop around for better options if your APY has dropped. Be ready for future changes with routine rate checks and a shortlist of alternatives. If you’ve noticed your savings account interest rate recently dropped, you’re not alone….
Live News Updated: Thursday, August 20, 2026, 8:39 [IST] Gold rates and silver rates in India are likely to be volatile on August 20th, as spot gold corrected from yesterday’s 4% gains and $4,500 per ounce mark. Currently, spot gold traded nearly 0.6% down. Meanwhile, spot silver also traded cautiously higher by 0.3% to hold…
Trump Threatens Unprecedented Economic Consequences for Countries Supporting Iran Escalating Tensions and Economic Threats Amid Ongoing Conflict By Kanishka Singh and Parisa Hafezi Background of the Conflict WASHINGTON/DUBAI, Aug 20 (Reuters) – U.S. President Donald Trump warned of economic consequences against any country that provided “any type of lifeline to Iran” as the U.S. looks…
European banks added €8.5 billion ($9.7 billion) of Additional Tier 1 (AT1) capital in the second quarter of 2026, a Risk Quantum analysis found. AT1 capital hit €196.2 billion and accounted for 15% of total regulatory capital across the 22 banks in the sample, the highest share since Q2 2019. HSBC held the largest AT1…
Europe’s banks can’t agree on how to fix the output floor – Risk.net Skip to main content Close navigation menu End of drawer navigation content Some want market risk excluded, while others push for greater savings from credit modelling European banks are locked in a seemingly intractable dispute over how to wring capital savings from…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Stock market contractions are inevitable — the S&P 500 has fallen more than 10% on 25 separate occasions over the past 50 years — and they ripple through every business by shaking customer, employee, and investor confidence. Business owners can prepare now by diversifying investments,…
Big tech isn’t done with artificial intelligence (AI) spending. Amazon raised its capital expenditures (capex) to $220 billion for 2026. Microsoft is spending $175 billion. Alphabet has raised guidance twice and now has its sights set on up to $205 billion. And Meta Platforms is set to spend $135 billion. Most of this goes toward…
The Internal Revenue Service has created a new Office of Conservation Easements and plans to make changes in the process for settling disputed claims for the sometimes lucrative tax breaks. Processing Content The IRS has cracked down on the tax break for landowners who set aside part of their property for conservation purposes, particularly when…