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Updated on Jul 18, 2022 10:24 AM IST

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Jul 18, 2022 10:24 AM IST

Rupee rises 6 paise to 79.76 against US dollar in early trade

The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee’s gain, dealers said.
Jul 18, 2022 09:14 AM IST

Covid-19 cases: India logs 16,935 infections and 51 deaths in 24 hours

India daily Covid tally drops below 20,000-mark after 4 days; 16,935 infections and 51 deaths in 24 hours.
Jul 18, 2022 08:16 AM IST

Sri Lanka’s acting president Ranil Wickremesinghe declares state of emergency: Reuters

Sri Lanka’s acting President Ranil Wickremesinghe has declared a state of emergency, according to a government notice released late on Sunday, as his administration seeks to quell social unrest and tackle an economic crisis gripping the island nation.

“It is expedient, so to do, in the interests of public security, the protection of public order and the maintenance of supplies and services essential to the life of the community,” the notification stated.
Jul 18, 2022 08:13 AM IST

Security tightened in Tamil Nadu district where violence broke out over death of class 12th student

Police security tightened outside Sakthi ECR International school, Kaniyamoor in Tamil Nadu’s Kallakurichi where violence and vandalism broke out yesterday during the protests over the death of a girl studying in class 12th.
Jul 18, 2022 08:12 AM IST

Vice President of Gambia arrives in India

Vice President of Gambia Badara A Joof arrives in India. He is on a 5-day visit to India and will participate in CII-EXIM Bank conclave 2022 along with attending other bilateral engagements.
Jul 18, 2022 07:45 AM IST

Gunman among 4 dead in US mall shooting

Three people were fatally shot and two were injured Sunday evening at an Indiana mall after a man with a rifle opened fire in a food court and an armed civilian shot and killed him, police said. Read more
Jul 18, 2022 07:44 AM IST

Wreath-laying ceremony of CRPF personnel ASI Vinod Kumar in J&K

J&K | Security officials lay a wreath on the mortal remains of CRPF personnel ASI Vinod Kumar who lost his life in a terrorist attack in the Gangoo area of Pulwama yesterday.

Visuals from CRPF RTC Humhama in Srinagar. pic.twitter.com/tZTGLnRLw6

— ANI (@ANI) July 18, 2022

Security officials lay a wreath on the mortal remains of CRPF personnel ASI Vinod Kumar who lost his life in a terrorist attack in the Gangoo area of Pulwama yesterday.
Jul 18, 2022 06:43 AM IST

Devotees take holy dip in Ganga on first day of ‘Sawan’
Jul 18, 2022 05:56 AM IST

Ukraine’s Zelensky fires top security chief and prosecutor

As Russian troops pressed their offensive in Ukraine’s east, Ukrainian President Volodymyr Zelenskyy fired his state security chief and prosecutor general on Sunday, citing hundreds of criminal proceedings into treason and collaboration by people within their departments and other law enforcement agencies.

“In particular, more than 60 employees of the prosecutor’s office and the SBU (state security service) have remained in the occupied territory and work against our state,” Zelenskyy said.

2 army personnel on patrol duty near LoC killed in accidental grenade blast

The two army personnel, Captain Anand and Naib Subedar Bhagwan Singh, were part of a patrol team near the LoC in Poonch’s Mendhar sector

The White Knight Corps has expressed grief over the loss of two army personnel and have expressed solidarity with their families. (Twitter/Whiteknight_IA)

Published on Jul 18, 2022 10:23 AM IST

2 Army officers killed in accidental grenade blast along Line of Control in J&K

The Army personnel were on duty when the incident took place in the Mendhar Sector. The army captain and the JCO were taken to Udhampur for treatment where they succumbed to their injuries.

A file photo of Indian Army soldiers patrolling near the Line of Control in J&K. (PTI) — A file photo of Indian Army soldiers patrolling near the Line of Control in J&K. (PTI)

Updated on Jul 18, 2022 10:00 AM IST

ByHT News Desk | Reported by Ravi Krishnan Khajuria | Written by Aryan Prakash

Agnipath, inflation: Govt, Oppn set to clash over key issues in Parliament today

The government proposes to introduce 32 bills during the 18 sittings of Parliament scheduled over 26 days of the monsoon session

Ahead of the monsoon session, Rajya Sabha chairman Venkaiah Naidu asked political parties to ensure a “meaningful and productive session”as a “farewell gift” to him. His term ends on August 10. (HT File Photo)

Updated on Jul 18, 2022 09:43 AM IST

Presidential polls explainer: How is a president elected?

Presidential polls: The president is elected indirectly by an electoral college comprising the members of parliament of both the Lok Sabha and the Rajya Sabha, and the members of legislative assemblies of all states as well as the national capital territory of Delhi and union territory of Puducherry.

A file photo of the Rashtrapati Bhawan,(Arvind Yadav/HT PHOTO)

Published on Jul 18, 2022 08:28 AM IST

Race to Rashtrapati Bhawan: Here’s a list of 14 presidents of India

Presidential elections 2022: As 4,800 MPs and MLAs elect India’s 15th president, here’s a look at the stalwarts who have held the post in the past.

Gurukul Art students greeting through painting to both presidential candidates Yeshwant Sinha and Droupadi Murmu, at Lalbuag, in Mumbai. (Bhushan Koyande)

Updated on Jul 18, 2022 10:14 AM IST

Written by Sharmita Kar | Edited by Swati Bhasin

Presidential polls LIVE: PM Modi, Yogi & Stalin cast their votes

Presidential polls 2022 LIVE updates: The voting in the election for picking the 15th President of India is undeway . The contest is between NDA candidate Droupadi Murmu and opposition joint candidate Yashwant Sinha.

Prime Minister Narendra Modi casts his vote in the presidential elections.(Twitter/ANI)

Updated on Jul 18, 2022 10:23 AM IST

Rep. James E. Clyburn, D-S.C., on Democrats pushing for tax on billionaires to assistance fund expending Biden’s investing plan.

The wide strokes of the proposal declared by Sen. Ron Wyden, D-Ore., to tax the country’s billionaire course to support fund President Biden’s legislative agenda was laid out early Wednesday as a two-pronged approach to get goal at the wealthiest individuals and businesses.

Wyden mentioned that underneath the proposal, about 700 of the country’s richest will be forced to fork out unrealized gains from their assets. The proposal also calls for a 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} corporate minimum tax on the country’s most profitable firms.

The tax would start out becoming enforced in 2022. Those people impacted would own in excess of $1 billion in property or pull in $100 million a 12 months for three straight many years.

Democrats have been functioning to muster adequate votes to pass Biden’s Create Back Greater agenda, and feel that People would be inclined to see the country’s richest, like Elon Musk and Jeff Bezos, pay back far more in taxes. Many billionaires have found their fortunes substantially improve following the COVID-19 outbreak while many Us citizens are struggling.

Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., discuss to reporters about a corporate least tax plan at the U.S. Capitol Oct. 26, 2021 in Washington, D.C. (Photo by Drew Angerer/Getty Images) (Getty / Getty Photos)

Democrats have been striving to gain the aid of Sens. Joe Manchin and Kyrsten Sinema and the go appears like a action in the ideal way. Manchin instructed reporters that he supported the new way to be certain the rich fork out their “truthful share.” Sinema has also endorsed the proposal for the least tax on the most lucrative companies.

The business enterprise tax proposal is “a commonsense action towards ensuring that remarkably successful corporations—which occasionally can stay clear of the present corporate tax rate—pay a fair bare minimum corporate tax on their revenue,” Sinema mentioned, in accordance to the Wall Street Journal. The paper pointed out that the White Home also backed the prepare on Tuesday.

Wyden, the Senate Finance Committee chairman, explained Tuesday that Us residents are exhausted of viewing billionaires “spending minor to no taxes for a long time on end.”

He afterwards retweeted Sen. Elizabeth Warren who posted that the state could no longer “permit billionaire companies get absent with paying pretty much almost nothing in taxes, even though People are still left keeping the bag.”

Genuine estate mogul and self-designed billionaire Jeff Greene reviews on ‘poorly believed out’ tax proposal.

Reuters reports that the proposal would impose a 23.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} tax price on these tradable assets “no matter if or not they have been sold.”

The tax would “also impose levies on billionaire ownership stakes in firms included as go-as a result of entities and in trusts like serious estate investment decision trusts,” the report said, citing the assertion.

Democrats hope to create at minimum $200 billion in new revenue more than the next ten years from the tax, which would involve stocks as effectively as other assets like authentic estate. People could declare deductions for annual losses in the price of their assets.

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Critics, like Republicans and tax teams this sort of as the Nationwide Taxpayers Union, have slammed a tax on billionaires’ unrealized money gains, arguing it would increase additional forms to the previously bloated tax system and harm enterprise investors.

Fox News’ Megan Henney and the Associated Press contributed to this report

Tag: gains

Breaking: Rupee gains little in early trade, at 79.76 against US dollar