Biden administration to unveil contractor rule that could upend gig economy
The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, an administration official said Key Points
Business TodayWill investing Rs 1 lakh each year be enough for your future goals? How rule of 72, rule of 114 can help y
To understand the rule of 72 formula, you need to divide 72 by the expected annual rate of return. For example, say you invest Rs 1 lakh every year in an investment that earns 8% interest annually. Now if you divide 72 by 8, you will get 9 which gives you the number of years it will take for your money to double. So, your investment will grow to Rs 2 lakh in nine years. Key Points
Economic TimesWall St regulator adopts Dodd Frank rule against trader conflicts
The U.S. Securities and Exchange Commission on Monday adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors. Key Points
ReutersMCA tweaks rules; new promoters of bankrupt firms can easily shift registered offices
The Indian government has amended rules to allow insolvent firms to easily shift their registered offices to another state or union territory if there are no pending investigations or appeals against the resolution plan. The move is expected to provide relief to new promoters who want to achieve better operational synergy with their other businesses. Key Points
Economic TimesGovt, Opposition bat for Parliament debate on Manipur crisis under different laws - Understanding rules 176 and 267
The Monsoon Session of Parliament is off to a rocky start as the opposition demands an extensive discussion on the recent ethnic violence in Manipur. The government and opposition also disagree on the nature of discussions. Key Points
mint
Allu Arjun’s birthday gift to his fans is fiery return as Pushpa, sets up the premise of Pushpa The Rule. Watch
Pushpa is alive and ready to rule. Allu Arjun will reprise his famous role in the sequel of his pan-India blockbuster film, Pushpa: The Rise. Key Points
The Indian ExpressAllu Arjun's Pushpa beats Shah Rukh Khan's Jawan & Salman Khan's Tiger 3 - here's how
With Pushpa 2 The rule (Hindi) leading at the No. 1 position in the list of Most Awaited Hindi Films, Hera Pheri 3, Jawan, Tiger 3 and Bhool Bhulaiyaa 3 are other films that made their names in the list. Key Points
Firstpost45-day payment rule to MSMEs: FinMin looking at a possible tweak
Concerns aired from multiple corners. A section of MSMEs worry that this may impact relations with suppliers and buyers, others say their systems are not ready for this provision. Key Points
Business TodayRajya Sabha adjourned for day amid opposition uproar on Manipur issue
Rajya Sabha was adjourned for the day on Monday as the opposition kept insisting on a discussion on the Manipur issue under rule 267 of the House. As the House reassembled at 3.30 pm after witnessing four adjournments during the day, Chairman Jagdeep Dhankhar said the government is ready for a discussion on the Manipur issue. Key Points
Economic TimesThey supped & drank together on Monday night, backstabbed me on Tuesday, says Abhishek Singhvi
Abhishek Singhvi accuses rival Harsh Mahajan of betrayal after unexpected tie in HP seat election. Singhvi expresses disappointment at the election rule and criticizes BJP's election strategy. Key Points
Times Of India
Cricket: T20, ODI matches to have new 'stop-clock' rule from next month
According to the new cricket rules for men's T20 and ODI rules, bowling teams will be imposed a five-run penalty if the bowling team fails to be ready to bowl the next over within 60 seconds of completing the previous one. It will be used on a trial basis initially, from December 2023 to April 2024. Key Points
Economic TimesAllu Arjun to begin extensive schedule of Pushpa: The rule in Hyderabad
The first movie in the franchise was Pushpa: The Rise, directed by Sukumar. It was released in theatres on December 17, 2021. Key Points
Hindustan TimesModi government plans counter-offensive against opposition's Manipur complaints amid Parliament ruckus
The BJP-led Indian government is reportedly set to launch a counter-offensive against the Congress-led opposition after disagreements arose concerning the alleged violent incidents in Manipur. The government is hoping to push the Congress' record by citing an array of historical clashes and fake encounters under former Chief Minister O Ibobi Singh's Congress rule, including Naga-Kuki clashes which took 750 lives. Key Points
Economic Times‘Theatrics’: Rajya Sabha adjourned for the day after spat between chair, Derek O'Brien
Rajya Sabha adjourned after Chairman Jagdeep Dhankar had a spat with TMC leader Derek O'Brien over non-admission of notices by opposition members. Opposition parties allege the government is ‘subverting’ Parliamentary traditions. Key Points
mint‘…more foreign aliens’: Texas sues Biden administration over new asylum rule
Texas argues the Biden administration is essentially encouraging people to come to the U.S. even though they don't have legal basis to stay. | World News Key Points
Hindustan Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesRelief for H-1B spouses as US Supreme Court refuses to review work visa rules
About a hundred thousand Indian spouses, predominantly women, possess an EAD, granting them the ability to work or be self-employed. Official data from December 2017 indicates that 84,360 Indian spouses held an EAD, constituting 93% of all EADs issued. Key Points
Economic TimesOdd-even rule before Diwali is Kejriwal's plot against Sanatana Dharma: BJP MP
BJP MP Ramesh Bidhuri said the odd-even rule had been implemented in Delhi so that people couldn't meet each other on Diwali. He said the odd-even scheme was Delhi CM Arvind Kejriwal's conspiracy against Sanatana Dharma. Key Points
India TodayCosmo Film case: Gujarat HC order to provide relief to importers
The Gujarat High Court has ruled that Notification No. 54/2018 will apply prospectively, providing relief to Indian importers under investigation for availing dual benefits. This decision corrects previous retrospective demands and offers clarity on import transactions, though the issue of interest remains unresolved. Key Points
Economic TimesBelarusians vote amid boycott call
Belarusians cast ballot on Sunday in tightly controlled parliamentary and local elections that are set to cement the steely rule of the... Key Points
The Tribune India
Angelo Mathews timed out — the rule behind Sri Lanka ex-captain’s controversial World Cup dismissal
Angelo Mathews’ dismissal in match against Bangladesh creates a controversy. Former South Africa pacer Dale Steyn criticises Bangladesh captain. Key Points
ThePrintExporters seek amnesty scheme on IGST refund issues
The PHD Chamber of Commerce and Industry has written to the Central Board of Indirect Taxes and Customs calling for a one-off amnesty scheme to resolve issues that arose from a new provision in India's goods and services tax rules. The provision was designed to protect government revenue from exporters making refunds under integrated GST through irrelevant products. These products had allowed suppliers to claim higher tax credits, so the rule was introduced to combat the issue. Key Points
Economic TimesPAN-Aadhaar deadline: When is the last date to link PAN-Aadhaar?
To give taxpayers extra time, the deadline for linking PAN and Aadhaar was extended. The Central Board of Direct Taxes (CBDT) announced the extension in a press statement dated March 28, 2023. Key Points
Economic TimesIPL 2023: Almost everyone in the country has got motivation from him, says Hardik Pandya on Mahendra Singh Dhoni
IPL 2023, GT vs CSK: Earlier, Pandya won the toss and elected to field against CSK. Rajvardhan Hangargekar and Joshua Little made their IPL debut for CSK and Gujarat Titans respectively. Key Points
The Indian ExpressRBI’s wise men and women of MPC are all good, but let’s unleash fiscal entertainers
RBIs wise men and women of MPC are all good, but lets unleash fiscal entertainers. Taylor Swift's US tour 'could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries', according to the Common Sense Institute's July 2023 report. Key Points
The Economic Times
As Allu Arjun is all set to celebrate his birthday tomorrow, 'Pushpa' makers share a unique concept video-Entertainment News , Firstpost
This unique concept video seems to have paved way for Pushpa part 2, Pushpa: The Rule. In 2021 Pushpa redefined what a Pan-India film means and cut all the edges; it positioned the common man as the universal hero. Key Points
FirstpostRetirement planning: What is the 4% rule for retirement withdrawals?
Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income while also preserving an ample amount of funds for the future. Adhering to the 4% withdrawal guideline can notably diminish the possibility of depleting one's savings prematurely, thus increasing the chances of financial stability throughout retirement. Key Points
Economic TimesH-1B visa-holders' spouses can work in US, says judge
The ability of H-1B holders spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued. Amazon.com Inc., Apple Inc., Google, Microsoft Corp. were among the companies who urged the judge to let the rule stand. Key Points
Economic TimesET Mutual Fund Explains: Looking to generate a target corpus of Rs 1 crore? Use rule 15*15*15
The 15*15*15 rule is a simple strategy for MF investors to become crorepatis by investing Rs 15,000 monthly for 15 years, assuming a 15% annual return. This approach highlights the power of compounding over long-term investments, enabling individuals to achieve significant wealth accumulation with consistent contributions. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37%
In the last two months, there have been phases where the nifty has witnessed a short correction which lasted for anywhere between two to four days. The only difference is that unlike the past when such correction took place, this time when corrections are taking place mid-cap segment also participated. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times
H-1B visa and Green Card fee increase clears White House review; H-1B visa fees to go up by 70% and lotter
The changes bring notable adjustments to fees for temporary and permanent work visas. Registration fees for H-1B specialty occupation visas are expected to rise by 40% to $215. The burden of fee hikes will likely be borne by employment-based visa petitioners. The final impact of these proposed changes will be revealed once the rule is officially published. Key Points
Economic TimesAmid growing concerns about deepfakes, advisory issued to intermediaries to comply with IT rules
New Delhi [India], December 26 (ANI): The Ministry of Electronics and Information Technology (MeitY) has issued an advisory to all intermediaries, ensuring compliance with the existing information technology rules. The directive specifically targets the growing concerns around misinformation powered by AI – Deepfakes. Show Full Article The advisory mandates that intermediaries communicate prohibited content, particularly […] Key Points
ThePrint