Nirmala Sitharaman says burden on middle class narrative ‘not based on facts’; clarifies real estate taxes

Nirmala Sitharaman says burden on middle class narrative ‘not based on facts’; clarifies real estate taxes

Indian Finance Minister Nirmala Sitharaman on Wednesday (August 7) said “we heard the people” as she confirmed revised real estate indexation rules in the Parliament. With the relaxed rules, taxpayers will get more flexibility in calculating their long-term capital gains tax.”The amendment gives taxpayers a choice to calculate and see what works better for them. The current amendment … Read more

The NJ budget: More taxes, less transparency and why we will all pay more in 2025

The NJ budget: More taxes, less transparency and why we will all pay more in 2025

3-minute read Audrey Lane  |  Special to the USA TODAY NetworkI spent the days leading up to passage of this year’s New Jersey state budget at the Statehouse in Trenton.  It was an eye-opening and, at times, frustrating experience. Our state’s economic and fiscal policies are resulting in deficit spending, and the process surrounding those policies … Read more

NJBIA Asks: Will $1B Tax on Business Actually Go Only To NJ TRANSIT?

NJBIA Asks: Will $1B Tax on Business Actually Go Only To NJ TRANSIT?

While news broke over the weekend that Gov. Phil Murphy and legislative leaders agree that the FY25 State Budget will include a 2.5% Corporate Transit Tax, many critical questions remain for New Jersey’s business community.  This week, NJBIA looks at just a few of them that will need to be answered before the budget is … Read more

Sabalenka, Rybakina crash out on day of upsets at French Open

Sabalenka, Rybakina crash out on day of upsets at French Open

The script was ripped up at Roland Garros on Wednesday as ailing second seed Aryna Sabalenka and off-colour fourth seed Elena Rybakina were sent tumbling out in the quarter-finals.Hampered by illness throughout her match, Sabalenka crashed to a 6-7(5) 6-4 6-4 defeat to Russian teenager Mirra Andreeva as the Australian Open champion’s 11-match Grand Slam winning streak ground to … Read more

Djokovic,  pulls out of French Open with knee injury

Djokovic,  pulls out of French Open with knee injury

Novak Djokovic withdrew from the French Open due to a knee injury sustained during his fourth-round match against Francisco Cerundolo. He was supposed to play Casper Ruud in the quarter-finals but had to pull out. Djokovic had been carrying the injury for a couple of weeks and it flared up when he slipped during the match against Cerundolo.

Biden is turning the American dream of retirement into a nightmare

Biden is turning the American dream of retirement into a nightmare

President Biden is proposing a tax hike on savings, including a 45% tax on capital gains, which would negatively impact retirement savings for millions of Americans. Biden’s proposed tax increases on investment are driven by the government’s addiction to spending, with a proposed federal budget of .3 trillion and .9 trillion in future tax hikes. These taxes will result in lower spending and reduced savings for families, affecting their ability to save for retirement. Biden’s policies are seen as detrimental to individuals and the economy, as they will hinder investment and economic growth.

Ombudswoman, ’s investigation on Bangladeshi man’s death ‘on hold’

Ombudswoman, ’s investigation on Bangladeshi man’s death ‘on hold’

Anisur Rahman, a 24-year-old Bangladeshi national, died on April 10 after jumping off a fifth-floor balcony during a police raid on the Limassol apartment he was living in with 10 other individuals. The ombudswoman’s independent investigation into his death has been put on hold as the police file was denied to her and is being investigated by an independent authority following a complaint by Kisa NGO. The other individuals found living in Cyprus illegally are detained for possible witness testimony. The landlord of the apartment where Rahman lived has not been found at fault and other tenants continue to live there. Rahman’s death sparked protests in Limassol and Nicosia against racism faced by third-country nationals in Cyprus.

Nadal knocked out by Zverev on possible French Open farewell

Nadal knocked out by Zverev on possible French Open farewell

Rafa Nadal suffered his earliest exit at the French Open after being defeated by Alexander Zverev in the first round.

Alcaraz eases injury fears with dominant Roland Garros display, Osaka battles on

Alcaraz eases injury fears with dominant Roland Garros display, Osaka battles on

Carlos Alcaraz advanced to the second round of the French Open after overcoming concerns about his forearm injury.