Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing
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NHL growth prompts significant salary cap bump
The NHL is projecting a significant increase in the salary cap over the next three seasons to reflect the healthy growth of the league after the pandemic.ESPN - 17h -
A pivotal budget for India
Also in this newsletter, media companies take OpenAI to court and the tragedy at the Kumbh MelaFinancial Times - 1d -
India's finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
This is the coalition government's first full-year budget after its assuming power in June.CNBC - 2d -
India’s Modi faces budget challenge as economy slows
Finance minister under pressure to revive growth while maintaining fiscal disciplineFinancial Times - 2d -
Germany slashes growth outlook in 'serious' diagnosis of Europe's largest economy
The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.CNBC - 2d -
IRS starts new tax rule for digital income
A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...CBS News - 3d -
From Bournemouth to Brighton, the Premier League’s middle class is booming | Jonathan Wilson
A growing number of well-run clubs have shown what can be achieved by recruiting smartly and playing to a system. Sign up to Soccer with Jonathan Wilson here This is not 2015-16, when ...The Guardian - Jan. 20 -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Next warns of ‘anaemic’ growth after UK Budget tax increases
Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economyFinancial Times - Jan. 7
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