A $300,000 college-cost dilemma shows why NRI parents must balance a child’s U.S. education with retirement security. The decision should consider 529 savings, FAFSA foreign-income reporting, withdrawal taxes, scholarships and affordable college alternatives. A U.S. family earning about $550,000 annually is considering spending roughly $300,000 so its daughter can attend a preferred college. The parents have approximately $1.2 million across

A family earning $550,000 a year is considering using $300,000 of its $1.2 million retirement savings for a daughter’s preferred college. The case shows why parents must compare 529 funds, athletic aid, taxes, lost investment growth and retirement needs before committing. A high-earning U.S. family is weighing whether to spend about $300,000 on a daughter’s preferred college or preserve the money for retirement. The parents, age 48 with $1

The government says the Income Tax e-filing portal can manage the July 31 rush after infrastructure upgrades, although occasional delays may occur during peak traffic. ITR Filing Rush Intensifies Before July 31 The Income Tax Department’s e-filing portal is seeing rapidly rising traffic as the July 31, 2026 deadline approaches for many salaried employees, pensioners and individuals filing ITR-1 or ITR-2 for Assessment Year 2026-27. The g

UPS additional benefits can be claimed by eligible retired Central government subscribers covered under the Unified Pension Scheme. UPS Eligibility for Retired Central Government Employees A total of 25,756 retired Central government subscribers are eligible to claim additional benefits under the Unified Pension Scheme, the government has informed the Lok Sabha. Minister of State for Finance Pankaj Chaudhary shared the f

Tesla robotaxi delays are becoming a central issue before the company’s second-quarter earnings call. Investors want explanations for missed expansion targets, limited service areas, deployment constraints, Cybercab timing and what must happen before broader U.S. operations. Tesla robotaxi delays are drawing renewed scrutiny from retail shareholders who want the electric-vehicle maker to explain why its autonomous ride-hailing network has ex

EPFO pension payments may stop when the Digital Life Certificate expires. Pensioners can check DLC status, submit Jeevan Pramaan through UMANG in six steps or use IPPB’s free doorstep service for eligible EPS-95 beneficiaries. EPFO Pension May Stop When Jeevan Pramaan Expires If an Employees Pension Scheme payment has stopped reaching the bank account, an expired or missing Digital Life Certificate may be one reason. Jeevan Pramaan

EPFO Credits 8.25% FY26 Interest to 34 Crore Accounts Employees’ Provident Fund Organisation members can now check whether the annual interest for the financial year 2025-26 has been added to their provident fund accounts. EPFO has reportedly completed the credit of 8.25% interest to about 34 crore member accounts by July 15, marking one of the organisation’s fastest annual interest-processing exercises. The deve

Rolls-Royce and India discussed deeper manufacturing investment, technology partnerships and an engine proposal tied to the country’s next-generation AMCA fighter program on Friday, June 26, 2026. The talks focused on how the India-UK Comprehensive Economic and Trade Agreement, or CETA, could support advanced manufacturing, engineering cooperation and more resilient supply chains. Rolls-Royce India Manufacturing Investment

Elon Musk became the world’s first trillionaire on paper after SpaceX completed its record-setting stock-market debut on Friday, June 12, 2026. The milestone also renewed attention on the modest South Texas home Musk has described as his primary residence. SpaceX IPO Makes Elon Musk the First Trillionaire SpaceX priced its initial public offering at $135 per share, valuing the company at approximately $1.77 trillion before trading began. Shares, listed

Illinois lawmakers voted to delay the state’s swipe fee law for another year, keeping the fight over card fees on sales taxes and tips in court and before federal regulators. The delay affects the Interchange Fee Prohibition Act, or IFPA, a first-of-its-kind Illinois law that would restrict banks, credit unions and card companies from collecting interchange fees on the tax and tip portions of debit and credit card transactions. Illinois Swipe Fee Law Delay Exten

India-Canada Trade Talks Gain Momentum In May 2026 Union Commerce and Industry Minister Piyush Goyal is set to visit Canada from May 25 to May 27, 2026, as India and Canada work to rebuild economic confidence and push bilateral trade toward a $50 billion target by 2030. The visit comes at an important time because both countries are trying to move beyond recent diplomatic strain and focus on business, investment, energy, and technology cooperation. Goyal w

Bengaluru police have registered cases against MobiKwik and Lendbox, following complaints from investors who claim that their funds are blocked under the MobiKwik Xtra investment scheme. The complaints allege that the fintech companies promised high, fixed-deposit-like returns and easy withdrawals but later restricted access to invested money. Authorities say more than 1,050 investors across India could be affected, with combined exposure of over Rs 11.9 crore. Investors hav

Regulatory action culminates in license cancellation What happened to Paytm Payments Bank? RBI cancels its license after violations forms the central development in India’s financial sector, as the Reserve Bank of India revoked the banking license of Paytm Payments Bank Ltd wi

Voluntary buyouts introduced for U.S. workforce amid AI shift Microsoft is offering voluntary buyouts to a portion of its U.S. workforce, marking the first such initiative in the company’s 51-year history. The move comes as the broader technology sector adjusts to rapid changes driven by the rise of artificial intelligence. According to a person familiar with the plan,

Amid ongoing global economic challenges linked to the pandemic, Infosys has reportedly initiated a major financial technology project called Mumbai AI. The initiative, backed by a reported $1.5 billion investment in bitcoin, is positioned as an effort to expand access to cryptocurrency markets for everyday users. The project was initially kept confidential at the request of Infosys founder Narayana Murthy while development was underway. Murthy stated that the company’s broader goal

A new report from Policybazaar highlights a significant rise in term insurance purchases by non-resident Indians (NRIs), with overall demand doubling over the past two years and younger buyers playing an increasingly central role in the trend. According to the findings, individuals between the ages of 25 and 35 now account for 54% of total demand, up from 44% in 2024. This shift underscor

Salaried employees often claim House Rent Allowance (HRA) for rent paid to family members, such as parents or spouses, under the current tax regime. However, under the proposed draft Income-tax Rules, 2026, such arrangements may soon undergo closer scrutiny, especially if the rent exceeds Rs 1 lakh in a financial year. The new rules, if implemented, would require taxpayers to disclose their relationship with the landlord along with other details like the landlord’s name, address, and PAN nu

Congress adjourned for the year without renewing enhanced Affordable Care Act subsidies, a decision expected to significantly affect health coverage across Ohio beginning in 2026. State health policy analysts warn that as many as 140,000 Ohio residents could lose insurance coverage as premiums rise sharply following the expiration of the enhanced premium tax credits at the end of 2025. The Affordable Care Act has provided premium tax credits since 2014 to help eligible individuals a

The Trump family’s wealth has fallen by more than $1 billion following sharp losses in a range of cryptocurrency, memecoin, and other speculative digital asset investments. According to the Bloomberg Billionaires Index, the family’s net worth declined from roughly $7.7 billion in early September to around $6.7 billion, reflecting the impact of severe volatility in the broader crypto market as well as significant depreciation in Trump-linked tokens. The downturn marks one of the most subst

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such