Direct tax collection increases by 17.7% to Rs 19.58 crore in FY24

Direct tax collection increases by 17.7% to Rs 19.58 crore in FY24

India’s net direct tax collections increased by 17.7% year over year to Rs 19.58 crore in the fiscal year that ended in March 2024, surpassing revised projections and budget estimates.

Tales from the Coffeeshop: Our greatest victory of the post invasion era

Tales from the Coffeeshop: Our greatest victory of the post invasion era

– The first ever Coffeeshop appeared in 1991 on April 21.
– The rejection of the Annan plan by 76% of the Greek Cypriot population was celebrated as a victory.
– The audit report on the foreign ministry for the 2021-22 period revealed a diplomat unlawfully collecting an overseas posting allowance.
– Deputies in Cyprus receive various perks and privileges, including multiple pensions.
– The chairman of Hellenic Bank accepted a mediation proposal by the labor minister regarding the renewal of the collective agreement.

New York and other states are using AI to hunt down wealthy remote workers and demand more tax

New York and other states are using AI to hunt down wealthy remote workers and demand more tax

New York and other states are using AI-generated letters to challenge wealthy remote workers who are avoiding paying taxes.

The Tax Cuts and Jobs Act and Corporate Tax Rates

The Tax Cuts and Jobs Act and Corporate Tax Rates

The fact described in the text is that the corporate tax cut in 2017 reduced America’s corporate tax rate from 35% to 21%, which was previously the highest in the world.

New Police Association chairman pledges prompt action

New Police Association chairman pledges prompt action

The newly elected chairman of the Cyprus Police Association, Giorgos Georgiou, pledged to address all members’ concerns promptly and effectively.

Govt plans to protect elderly from abuse

Govt plans to protect elderly from abuse

The government is exploring ways to strengthen its framework to protect the elderly from abuse.

Calls for , ‘urgent’ action on migration

Calls for , ‘urgent’ action on migration

The House interior committee called on the government to urgently and effectively manage the migration issue, focusing on upgrading infrastructure for reception centers and accommodation for asylum seekers, improving the procedures for examining asylum applications, and providing access to legal representation for unaccompanied minors. The government should also adopt procedures to ensure humane living conditions in reception centers and suppress incidences of crime in and around these centers.

Police association chairman resigns

Police association chairman resigns

Kyriakos Charalambous resigned as Cyprus Police Association chairman citing personal issues and increased professional obligations. One of his achievements during his seven-year tenure was implementing a pension plan for officers who were not covered in the past.

Cypriot capital markets to benefit from EMTN dual-listing

Cypriot capital markets to benefit from EMTN dual-listing

Fact: The Finance Ministry, in collaboration with SIX and the Cyprus Stock Exchange, announced the successful activation of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.

Geopolitics, Fed and Chinese GDP

Geopolitics, Fed and Chinese GDP

Geopolitical tensions are causing caution among investors, with concerns about potential retaliation from Israel against Iran. The Nasdaq index fell below its 50-day SMA, indicating a possible sell-off. US economic data, including industrial production and Fed Chairman Jerome Powell’s speech, are being closely watched. Oil prices are influenced by tensions in the Middle East, with the possibility of Brent crude reaching 0. Gold prices are anchored by inflation expectations and geopolitical tensions, with potential for further increases. China’s strong GDP growth is seen as positive for gold demand. Powell’s speech and potential oil price increases could impact inflation. Gold prices are expected to continue rising, potentially reaching ,500.