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NEW DELHI: For decades, India’s fiscal federal system has had one core element that stood out: poorer states would be supported so that growth could be shared.The 16th Finance Commission has not broken that promise on paper. States will still receive 41 percent of the divisible pool of central taxes. But beneath that headline number,…
NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…
Mark Zuckerberg and Priscilla Chan are reportedly buying a $150-$200 million mansion on Miami’s exclusive Indian Creek island. This move, alongside other Silicon Valley billionaires like Larry Page and Sergey Brin, comes amid California’s proposed Billionaire Tax Act. The potential tax could cost Zuckerberg over $10 billion, prompting many wealthy individuals to seek residency elsewhere….
Meta is cutting over 100 jobs in its San Francisco Peninsula offices, redirecting metaverse investment towards wearable technology. This move follows earlier reductions and a broader company strategy to become leaner and more productive, leveraging AI for increased output. Facebook parent Meta has announced that it will cut 102 more jobs at its San Francisco…
Dear gentle reader, the ton is in a panic over ‘Bridgerton’ season 4. As rumors swirl that death may be heading straight for Mayfair in part two of the season, the author is gently warning fans to brace themselves. The final four episodes of ‘Bridgerton’ season 4 arrive on February 26, and the conversation online…
RUDRAPUR: Two men were arrested for allegedly raping a 25-year-old woman in a moving car in the Transit Camp area of Rudrapur.Police officials said that the survivor wrote in her complaint that on the morning of Jan 25 (Sunday), she was walking from her home to her workplace in Pantnagar when two men offered her…
What can be done for customs reforms. (AI generated image) By Krishan AroraIndia customs has seen several reforms over the years – from tariff rationalization to digitization to simplified procedures & schemes to support domestic Industry. While high tariff rates and duty rate rationalization remains a key industry demand, there is a need for a…
A layoff is not always a verdict on a person’s worth. It is often a verdict on the organisation’s willingness to retrain. Image: AI generated Layoffs are the workplace equivalent of a public guillotine. A number is announced, a few senior leaders offer solemn adjectives, and everyone is expected to pretend the story ends there….
Arctic sea ice is frequently mentioned as if it shuts down life, but it actually does something far quieter. Microscopic algae settle and stay below the surface, beneath the thin lower layers of seasonal ice. A recent study published in the Proceedings of the National Academy of Sciences focuses on what those organisms do rather…
AI image (Picture credit: Google Gemini) US President Donald Trump has said that the United States has an “armada” headed toward Iran, renewing warnings to Tehran over the killing of protesters and the potential restart of its nuclear programme. US warships, air defence headed to Middle East US officials, speaking on condition of anonymity to…
