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Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
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Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
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Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
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India's 1-Year, 10-Year Bond Yield Curve Inverts For First Time In 8 Years
The Reserve Bank of India sold 364-day notes at a 7.48% yield, the highest since October 2018, while the 10-year benchmark 7.26% 2032 bond yield was at 7.46%.
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"How Can We Manage": Power Price Hike Pushes Crisis-Hit Sri Lanka On Brink
The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can't afford to pay for electricity but can't manage without it so goes deeper into debt to keep it on.
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El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
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Tether Has Cut All Commercial Paper Exposure From Reserves
Tether has completely eliminated commercial paper from its reserves. The largest stablecoin provider announced the milestone today in a blog post saying that it would replace those investments with the US Treasury Bills.
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Punjab Chief Minister Writes To PM, Demands Complete Waiver Of Farmers' Debt
A day after Parliament passed a Bill to repeal the farm laws, Punjab Chief Minister Charanjit Singh Channi on Tuesday wrote to Prime Minister Narendra Modi demanding a complete waiver of the debt of farmers and farm labourers.
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US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
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Can Debt Funds Be Useful In Beating Inflation? Find Out
Debt funds are mutual funds that invest in fixed income securities like bonds and treasury bills, corporate bonds, commercial papers and government securities
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Sudan PM Hopes to Settle $60 Billion Foreign Debt This Year
Prime Minister Abdalla Hamdok hopes Sudan can wipe out its staggering $60 billion foreign debt bill this year by securing relief and deals at an upcoming Paris conference that could bring much-needed investment.
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Andhra Pradesh Passes Gaming Amendment Bill To Ban Online Games
The Andhra Pradesh Legislative Assembly on Tuesday passed by voice vote the AP Gaming (Amendment) Bill 2020 banning online gaming in the state after some youngsters committed suicide in recent days after they were pushed into debts by playing online games.
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Audi’s Assembly Plant In Mexico Remains Open; Denies Any Dispute Over Unpaid Bills
The municipal authorities of San Jose Chiapa, where the Audi plant lies are reportedly seeking around 90 million pesos which are approximately $4.26 million from Audi.
-
Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
-
Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
Race Against Time For US Debt Crisis Bill In Congress
Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.
-
Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
-
India's 1-Year, 10-Year Bond Yield Curve Inverts For First Time In 8 Years
The Reserve Bank of India sold 364-day notes at a 7.48% yield, the highest since October 2018, while the 10-year benchmark 7.26% 2032 bond yield was at 7.46%.
-
"How Can We Manage": Power Price Hike Pushes Crisis-Hit Sri Lanka On Brink
The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can't afford to pay for electricity but can't manage without it so goes deeper into debt to keep it on.
-
El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
-
Tether Has Cut All Commercial Paper Exposure From Reserves
Tether has completely eliminated commercial paper from its reserves. The largest stablecoin provider announced the milestone today in a blog post saying that it would replace those investments with the US Treasury Bills.
-
Punjab Chief Minister Writes To PM, Demands Complete Waiver Of Farmers' Debt
A day after Parliament passed a Bill to repeal the farm laws, Punjab Chief Minister Charanjit Singh Channi on Tuesday wrote to Prime Minister Narendra Modi demanding a complete waiver of the debt of farmers and farm labourers.
-
US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
-
Can Debt Funds Be Useful In Beating Inflation? Find Out
Debt funds are mutual funds that invest in fixed income securities like bonds and treasury bills, corporate bonds, commercial papers and government securities
-
Sudan PM Hopes to Settle $60 Billion Foreign Debt This Year
Prime Minister Abdalla Hamdok hopes Sudan can wipe out its staggering $60 billion foreign debt bill this year by securing relief and deals at an upcoming Paris conference that could bring much-needed investment.
-
Andhra Pradesh Passes Gaming Amendment Bill To Ban Online Games
The Andhra Pradesh Legislative Assembly on Tuesday passed by voice vote the AP Gaming (Amendment) Bill 2020 banning online gaming in the state after some youngsters committed suicide in recent days after they were pushed into debts by playing online games.
-
Audi’s Assembly Plant In Mexico Remains Open; Denies Any Dispute Over Unpaid Bills
The municipal authorities of San Jose Chiapa, where the Audi plant lies are reportedly seeking around 90 million pesos which are approximately $4.26 million from Audi.
