Did your parents transfer a large sum to your account? Check your tax liability for FY 2024-25

For several individuals in the nation, receiving financial assistance and gifts from parents is a common form of support. In such cases, if your parents transferred a large amount, say ₹10 lakh, to your bank account digitally, the logical question that arises is: What is your tax liability on this amount as you go ahead…

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NIMBYs Are Coming for the Data Centers AI Needs

(Bloomberg Opinion) — The emerging political battle over data centers has a feature unfamiliar to present-day policymaking: The opponents are not divided along partisan lines. Instead, the conflict is between local communities and Big Tech developers, with elected officials caught in the middle. Politicians — from both parties — who have greenlit these projects without enough…

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New Zealand will buy US helicopters in a $1.6B military aircraft spending package

WELLINGTON, New Zealand — WELLINGTON, New Zealand (AP) — New Zealand ‘s government announced new military spending Thursday of 2.7 billion New Zealand dollars ($1.6 billion) to replace aging aircraft, including helicopters it plans to purchase from the United States, senior officials said. Cabinet ministers unveiling the package cited rapidly growing global tensions and a…

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UP govt to use AI for transparent, error-free welfare schemes

South Africa Pushes Rule Review That Would Ease Starlink Entry

(Bloomberg) — South Africa is prioritizing a policy-review process that may result in Elon Musk’s SpaceX and other satellite-internet companies being allowed to operate in Africa’s largest economy without ceding ownership, the nation’s telecoms minister said. The Department of Communications and Digital Technologies is assessing 19,000 public submissions on a proposal to amend the nation’s…

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