Final Republican tax bill slashes U.S. corporate rate: summary

WASHINGTON (Reuters) – Congressional Republicans’ final tax legislation proposes cutting taxes as expected for businesses, the wealthy and some middle-class Americans, according to a summary seen by Reuters on Friday, with decisive votes expected next week in a critical moment for the party and President Donald Trump. Prospects for approval of the biggest U.S. tax […]

Govt okays sops for leather sector, waives fee for small digital payments

The Cabinet on Friday cleared a Rs 2,600-crore proposal to boost job creation in the leather industry, lowered the merchant discount rate (MDR) on transactions up to Rs 2,000 through debit cards, to promote digital transactions, and approved a series of Bills, including one amending the Specific Relief Act to smoothen enforcement of contracts. The […]

Supreme Court gives Jaypee till 25 January to deposit Rs125 crore

The Supreme Court was hearing a public interest litigation (PIL) by Delhi resident Chitra Sharma, who has booked a home in a Jaypee Infratech project. Photo: Pradeep Gaur/Mint New Delhi: The Supreme Court on Friday allowed Jaiprakash Associates Ltd to deposit Rs125 crore by 25 January, granting an extension against an earlier deadline of December […]

Turnbull’s U-turn: Australia is to hold a royal commission into the finance industry

MALCOLM TURNBULL, Australia’s prime minister, has changed his tune. Just last week he dismissed calls for an inquiry into Australia’s banks, saying it would be an expensive exercise that “doesn’t do anything other than write a report”. But on November 30th, Mr Turnbull abruptly announced a royal commission, Australia’s most wide-ranging form of inquiry, into […]

Podcast: ‘What The Health?’ Farewell, Individual Mandate

The compromise tax bill emerging from Republican efforts in Congress appears to have jettisoned a number of contentious health-related changes. Still, it seems likely lawmakers will repeal the penalties for not having health insurance. That so-called individual mandate was considered a linchpin of the Affordable Care Act, but now it seems possible the rest of […]