News
Budget review: farmers will lose in capital gains and trust tax reforms
2+ hour, 10+ min ago (822+ words) While the structural tax reform at the heart of the 2026-2027 Federal Budget was telegraphed in the lead up to Treasurer Jim Chalmers' speech last week, many farmers are scratching their heads in the wash-up, wondering what the changes will mean…...
The Psychology of Savings: Safeguarding Emergency Cash During an Economic Crisis
23+ min ago (476+ words) Financial experts warn that traditional savings methods leave Kenyans vulnerable to impulse spending during crises. The numbers tell a very different story. Amidst soaring inflation and unprecedented transport strikes, financial experts warn that traditional savings methods are leaving Kenyans vulnerable…...
New CGT Rules Spark Youth Investor Concerns
1+ hour, 21+ min ago (329+ words) Finance News Network The federal government's proposed capital gains tax (CGT) changes are facing scrutiny, particularly regarding their impact on young Australians investing in exchange-traded funds (ETFs). Outlined in the recent federal budget, the new measures replace the existing 50 per…...
Upcoming 57th GST Council Meeting: Ease of Compliance & Policies
3+ hour, 33+ min ago (583+ words) Powerd By SAG INFOTECH Notifications can be turned of anytime from browser settings The GST council, in its forthcoming 57th GST meeting, may focus on additional revisions to facilitate the procedure and policies. In the next meeting of the GST council,…...
New Income Tax Act, 2025 is taxpayer-centric, says Principal Chief Commissioner Vidisha Kalra
1+ hour, 41+ min ago (139+ words) Income Tax Press Release - 2026 A massive outreach and awareness program titled "Prarambh-2026" regarding the New Income Tax Act, 2025, was organized on May 14, 2026 at the Kaveri Hall of the C. R. Building in Bengaluru, under the leadership of Smt. Vidisha Kalra, Principal Chief…...
Can capital gains bonds save tax on gains from selling shares? Here's what investors should know
5+ hour, 10+ min ago (373+ words) Investors often assume capital gains bonds can help save tax on all long-term capital gains. Today's Ask Wallet Wise query clarifies the exemption is available only for gains from property sales, not stocks, with tax liability varying by age, residency…...
I asked Chat GPT how much emergency fund I would need on a 10 LPA salary amid tech layoffs " Here's what AI said
2+ hour, 53+ min ago (311+ words) I asked Chat GPT to help me create an emergency fund for an unforeseen situation, considering the current layoff scenario. Here's what the AI suggested: Given the current layoff scenario, how much should I have saved for an unforeseen emergency?...
India directs State-run banks, insurance firms to cut costs, shift to EVs
4+ hour, 12+ min ago (267+ words) India's finance ministry directed State-run banks, insurers and "financial institutions on Monday to implement cost-cutting measures, including "sharp curbs on travel and a phased "transition to electric vehicles, according to "an order reviewed by Reuters. The order, part of a…...
How Much Money People Living Paycheck to Paycheck Have at the End of the Month - AOL
3+ day, 18+ hour ago (637+ words) You might think living "paycheck to paycheck" means there's absolutely no money leftover at month's end. That's not necessarily the case. Even those who do live paycheck to paycheck still generally have 5% to 10% of their household income for discretionary spending…...
Here's How Much a 3. 50% APY CD Earns on $10, 000 Over 12 Months
2+ day, 20+ hour ago (538+ words) The FDIC pegs the national average 12-month CD rate at just 1. 53% APY. Meanwhile, a handful of online banks are paying 3. 50% APY right now on the same 1-year term. That's more than double the average. On a $10, 000 deposit, the gap between…...