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Kolkata, Dec 24 (PTI) Ahead of the Union Budget, industry stakeholders have urged the government to revisit the 10 per cent Tax Deducted at Source (TDS) introduced on coupon payments from listed bonds. While the policy is aimed at improving tax compliance, it has created unintended challenges for fixed-income investors, particularly retail participants, an official said on Tuesday. "The TDS mechanism introduced in April 2023 has added complexities in cash flow management for investors, especially those who acquire bonds in the secondary market," Vishal Goenka, co-founder of IndiaBonds.com, said. “This is because TDS is deducted on the entire coupon payment, even if the investor has already paid accrued interest to the seller when buying the bond,” he said. The mismatch disrupts cash flow expectations and introduces inaccuracies in Yield-to-Maturity (YTM) calculations, a key metric for bond investors and should be reviewed in the forthcoming budget, said tax expert Narayan Jain. The official also highlighted the challenges faced by senior citizens. "While forms like 15G and 15H can exempt them from TDS, the process can be cumbersome and lead to unintentional deductions requiring time-consuming refund claims. This adds unnecessary administrative burdens for those relying on regular coupon income," Goenka said. Stakeholders believe that eliminating TDS on coupon payments would streamline the investment process and enhance the predictability of bond returns. This, in turn, would encourage greater retail participation in the bond market, aligning with the government's objective of deepening market participation and fostering a more inclusive investment landscape. "India's bond market has witnessed significant growth in recent years, driven by technology-based platforms like Online Bond Platform Providers (OBPPs) and progressive regulations. Removing TDS would further support this growth by simplifying the investment process and attracting a wider investor base," he added. (This story has not been edited by THE WEEK and is auto-generated from PTI)mighty fu casino slots game 。

OCEANPORT, N.J. (AP) — The initial stage of Netflix’s $900 million-plus state-of-the-art production facility at a former Army base at the Jersey Shore has won approval from a local planning board. The Oceanport borough planning board last week unanimously approved site plans for the first phase of the California-based subscription video streaming company’s proposed film and television production studio at the 289-acre former Fort Monmouth site, NJ.com reported . The first phase is slated to include four soundstages on a 29-acre plot known as the McAfee zone, most of it in Oceanport, with about three acres in neighboring Eatontown. Netflix plans to transform the complex into a campus for actors and production crews. Oceanport officials raised concerns about the size of signs and billboards, and they also expressed concerns about the accuracy of a study on traffic impacts. Netflix has said it plans to surround the campus with a security-monitored concrete wall for privacy. Approval will also be needed from Eatontown and state authorities, including the Department of Environmental Protection. RELATED COVERAGE WWE’s ‘Monday Night Raw’ on Netflix will debut on Jan. 6 in Los Angeles Netflix’s subscriber growth is slowing, but its profit and stock price are still surging The company is to pay $55 million for the entire site and plans an additional $848 million worth of investments to build a dozen soundstages as well as office space, production services buildings and related studio space. Site plans also include a helipad, theater, hotel and visitor attractions, NJ.com reported. The state Economic Development Authority announced earlier this year that Netflix will receive millions in tax breaks for productions in exchange for operating the studio for at least 10 years. Company officials said at the hearing that they hoped to start construction by the end of next year. A Netflix spokesperson said Tuesday that the planning board’s approval “demonstrates that the community shares our enthusiasm for building a new studio in New Jersey, the birthplace of the modern film industry.”Musk Causes Uproar for Backing Germany’s Far-Right Party Ahead of Key Elections

Ruben Amorim impressed with Arsenal’s corners after first defeat as Man Utd bossHALIFAX - A Nova Scotia charity is serving at least 600 free traditional dinners over Christmas Eve and Christmas Day to spread a little bit of holiday cheer. Read this article for free: Already have an account? To continue reading, please subscribe: * HALIFAX - A Nova Scotia charity is serving at least 600 free traditional dinners over Christmas Eve and Christmas Day to spread a little bit of holiday cheer. Read unlimited articles for free today: Already have an account? HALIFAX – A Nova Scotia charity is serving at least 600 free traditional dinners over Christmas Eve and Christmas Day to spread a little bit of holiday cheer. The Souls Harbour Rescue Mission is offering a sit-down turkey dinner with all the fixings for people who need “food or friends” at mission locations across the province. It’s the first time the group is serving the meals over the holidays since it started providing community service in 2010. Michelle Porter, the CEO, says the charity has been raising funds for Christmas festivities since November and estimates the cost for events during the holiday season is around $1 million. Meals will differ slightly at mission locations across the province, but Porter says all plates will have turkey, potatoes, cranberry, gravy and some vegetables. People who attend will also get a Christmas stocking that includes a mini hygiene set and a few treats like chocolate, gloves and socks. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. About 400 people will eat today in Lower Sackville, Bridgewater, Truro and Sydney Mines, while Porter estimates 200 people will share a meal together in Halifax on Christmas Day. This report by The Canadian Press was first published Dec. 24, 2024. Advertisement Advertisement

Bears interim coach Thomas Brown insists he's focused on task at hand and not what his future holdsBiden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day off to a rough start after American Airlines briefly grounds all flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about one hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by an issue with a vendor technology that maintains its flight operating system. The flight-tracking site FlightAware reported that more than 3,200 flights entering or leaving the U.S., or serving domestic destinations, were delayed. Twenty-eight flights were canceled. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.Elon Musk’s preschool is the next step in his anti-woke education dreams

Sibu Hospital’s shift to cashless payments sparks concernsFIRS empowers 60 Southwest youths in livestock farming

Elon Musk’s preschool is the next step in his anti-woke education dreams