House Republicans have unveiled a sweeping new tax proposal dubbed the “One Big, Beautiful Bill” aligning with President Donald Trump’s 2024 campaign promises. The bill includes major tax breaks for workers, significant penalties for elite educational institutions, and the introduction of a 5% tax on money transfers sent abroad, a move likely to impact immigrant families across the country. The proposed legislation eliminates federal income taxes on tips and o

The economic disparity among US states has been sharply illustrated by new data showing that more than half of the nation’s billionaires reside in just four states, while three states do not have a single billionaire. Out of a total of 902 billionaires across the country, 528 live in California, New York, Florida, and Texas. This geographic clustering of immense wealth reveals growing inequality in wealth distribution across the United States. California tops the list with 1

In a fiery statement on Thursday, BJP leader and veteran actor Mithun Chakraborty launched a sharp political offensive against West Bengal Chief Minister Mamata Banerjee, holding her responsible for the recent communal tensions linked to the Waqf protest in Murshidabad. He accused her of being a divisive force in the state and directly blamed her for the ongoing violence that has shaken parts of Bengal. Speaking exclusively to India Today TV, Chakraborty claimed that Mamata Banerjee,

As global markets reeled under the pressure of a sudden trade war triggered by sweeping new tariffs from U.S. President Donald Trump, investor Warren Buffett not only emerged unscathed—but significantly richer. According to the Bloomberg Billionaires Index, Buffett was the only one among the world’s 10 richest individuals to post gains as others saw billions wiped from their fortunes. The tariff announcement, targeting 184 countries, sent global stocks plummeting, resulting in a $

India’s wealthiest individuals faced a massive financial hit in Monday’s stock market crash, which saw billions of dollars wiped off global markets. Along with retail investors and institutional players, some of the country’s most prominent business leaders—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—collectively lost over $10 billion in personal wealth. The losses were reported based on Forbes’ real-time billionaire tracker, which

A political war of words broke out in Delhi on April 5, 2025, between the BJP and AAP following the petition filed by Okhla MLA Amanatullah Khan, who challenged the Waqf Amendment Bill 2025 in the Supreme Court. Khan, a prominent member of AAP and former Chairman of the Delhi Waqf Board, has raised concerns that the Bill limits religious and cultural autonomy of Muslims, introduces arbitrary executive interference, and threatens minority rights in managing religious and charitable institution

The Waqf (Amendment) Bill, 2024, is at the center of a major political storm as it is set to be introduced in the Lok Sabha today amid mounting opposition from the INDIA bloc. The bill, intended to amend the Waqf Act of 1995, is being promoted by the government as a long-overdue reform aimed at improving the administration and efficiency of waqf property management. However, critics argue that several of its provisions threaten the very autonomy of Muslim religious endowments, making it a dee

Phoebe Gates, the youngest daughter of billionaire philanthropists Bill Gates and Melinda French Gates, has ventured into the podcasting world with her new show titled The Burnouts. The podcast, launched on April 1, is co-hosted by Gates and her former Stanford University roommate, Sophia Kianni, who has made a name for herself in the business world as a Forbes 30 Under 30 honoree. In The Burnouts, the two young women aim to provide business advi

As artificial intelligence rapidly reshapes the future of work, many professionals are left wondering which jobs will survive the wave of automation. From AI-generated images in Studio Ghibli style to advanced tools like ChatGPT creating text and visuals, it’s no surprise that the creative and tech industries have started expressing concern. The question is no longer whether AI will impact jobs, but how soon and to what extent. Amid these discussions, tech visionary and Microsoft co-fou

In a significant financial setback for India’s wealthiest individuals, seven prominent billionaires, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, Shapoor Mistry, and others, have collectively lost a staggering $34 billion in 2025 following a sharp stock market selloff. According to the Bloomberg Billionaire Index, this loss comes amid growing volatility in global financial markets.   Gautam Adani: The Biggest Loser Ga

The Indian government has introduced the Income Tax Bill 2025, a major overhaul of the country’s tax laws, granting unprecedented investigative powers to tax authorities. While presented as a move to modernize tax compliance, the bill includes provisions that allow tax officers to access digital assets, emails, social media profiles, trading accounts, and cloud storage in cases of suspected tax evasion.Finance Minister Nirmala Sitharaman introduced the bill in Parliament, stating that i

As an 18-year-old Harvard freshman, Bill Gates had multiple job offers from major tech companies like General Electric, Digital Equipment Corporation (DEC), and Honeywell. While these offers boosted his confidence, Gates acknowledges that accepting any of them could have altered the course of his life—potentially delaying or even preventing the creation of Microsoft, which is now a $3 trillion tech giant.Gates details this pivotal phase of his life in his new memoir, Source Code, publis

  The future of employment is shifting rapidly as artificial intelligence continues to revolutionize industries. Bill Gates, co-founder of Microsoft and renowned tech visionary, has predicted that only three sectors—energy, biology, and AI programming—will remain largely untouched by automation. His insights highlight the growing necessity for workers to adapt to the changing job landscape by acquiring skills that AI cannot easi

Union Finance Minister Nirmala Sitharaman is expected to introduce a new Income Tax Bill in Parliament today that will replace the existing Income Tax Act of 1961. The purpose of this new bill is to simplify the language and provisions of the current tax law, making it easier to understand and more accessible for taxpayers. The bill is part of the government’s ongoing efforts to reform and modernize the Indian tax system. The new bill will streamline various processes, eliminate complex

On Wednesday, the Joint Parliamentary Committee (JPC) led by Jagdambika Pal adopted the draft report and the amended Waqf (Amendment) Bill, 2024. The committee's report, which includes significant revisions to the bill, will be tabled in Parliament on Monday as part of the ongoing Budget Session. The amendments to the bill are aimed at ensuring the benefits of Waqf properties reach marginalized groups, such as the poor, women, and orphans. This inclusion marks a major development in the b

The Waqf Amendment Bill, which has sparked significant opposition, recently saw its draft report adopted by a Joint Parliamentary Committee with a 16-11 majority vote. Opposition MPs have raised concerns about the process, accusing BJP members of ignoring their objections and rushing through the report. The Bill, which was introduced in the Lok Sabha by Union Minority Affairs Minister Kiren Rijiju in August 2024, seeks to amend the Waqf Act and bring reforms in how Waqf boards operate in Indi

On Friday, a motion to suspend opposition members from the parliamentary panel discussing the Waqf Amendment Bill was passed after protests and allegations of hasty proceedings. BJP's Nishikant Dubey moved the motion, which was supported by the committee, resulting in the suspension of several opposition members, including Kalyan Banerjee, Mohammad Jawed, A Raja, Asaduddin Owaisi, Naseer Hussain, Mohibullah, Mohamed Abdullah, Arvind Sawant, Nadeem-ul Haque, and Imran Masood. The

Andhra Pradesh Chief Minister Chandrababu Naidu has been attending the ongoing investment summit in Davos, Switzerland, where his visit has garnered increasing national attention. While the Telugu media primarily focuses on his efforts to attract investment to Andhra Pradesh, national media interest has grown due to his scheduled meeting with Microsoft founder Bill Gates. The meeting, set to take place at 7 PM IST on Wednesday evening, is drawing particular attention because Gates i

The World Bank-appointed Neutral Expert has affirmed its authority to resolve the ongoing dispute between India and Pakistan concerning the Kishenganga and Ratle hydropower projects in Jammu and Kashmir, under the 1960 Indus Water Treaty. India welcomed the decision, which supported its stance that all seven issues related to the two projects fall within the expert’s jurisdiction. The dispute, which centers around the technical designs of the two hydropower plants, escalated t

In 2024, the collective wealth of the world’s top 500 billionaires surged to a staggering $10 trillion, marking an unprecedented milestone. The year saw tech giants Elon Musk, Mark Zuckerberg, and Jensen Huang dominate the wealth rankings, with their fortunes significantly boosted by a rally in US technology stocks. Tesla, Meta, and Nvidia stocks performed exceptionally well, contributing heavily to the increase in wealth. Musk, the wealthiest individual, saw his fortune soar to $442.1