The US government’s massive $2-trillion stimulus is expected to provide liquidity to companies, including banking and financial services that are the biggest outsourcers of IT. Infosys gets 31% of its revenue from banking, financial services and insurance (BFSI).

On top of averting budget cuts, Congress' deal to dodge the fiscal cliff also extended several key incentives for programs related to the environment.

Effects of the fiscal cliff deal on food policy

The new 21% corporate tax rate allows C corporations to pay federal taxes at a significantly lower tax rate than the 35% top rate in prior years. While the new tax rate took effect beginning in 2018, this new benefit… Read More

The post Fiscal-year Corporations Subject to Blended Tax Rates Following Tax Reform appeared first on Anders CPAs.

India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20

OIP is pleased to announce that it has uploaded the Fiscal Year 2019 Annual FOIA Report data for all 118 agencies subject to the FOIA onto FOIA.gov.

There are eight fiscally stressed school districts on Long Island. That’s according to a report released Thursday by New York State Comptroller Thomas DiNapoli.

Water purifier maker Kent RO Systems, which has expanded to verticals such as kitchen appliances, air purifier etc, expects around 10 per cent growth this fiscal and revenue around Rs 850 crore, said a top company official.

The company, which plans to open 15 stores across India over the next five years, at present has one store in India. It entered India in June this year.

COVID-19 is taking a heavy financial toll on city budgets in general and with local law enforcement on the front lines fighting the pandemic, police department budgets in particular have been severely strained.The letters read in part:"Anecdotally, Madison, WI may have to eliminate 30 police department positions next year; Oklahoma City is looking at a 3.

Emotions remain raw as educators and residents in a rural Wisconsin district dig for solutions after being denied the option of dissolving.

Op-ed by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, published in Il Sole 24 Ore, 8 November 2019.

Contribution by Mr Fabio Panetta, Member of the Executive Board of the European Central Bank, published by Politico on 21 April 2020.

Bank of England Working Papers by Cristiano Cantore and Lukas Freund

Another dozen school districts have landed federal Teacher Incentive Fund grants, including one that will focus on paying principals and assistant principals for their performance.

The economic meltdown has seen the world's leading central bankers including the South African Reserve Bank come under pressure to bail out their respective economies in the form of interest rate cuts. They've been urged to fund governments, an idea that central bank governor, Lesetja Kganyago, says is tantamount to a client instructing their banker to do the same.

This year the Division will invest nearly $3 million in more than 100 arts and community organizations Wilmington, Del. (August 8, 2018) – The Delaware Division of the Arts is investing nearly $3 million in more than 100 arts and community organizations that will serve Delawareans statewide with arts programming and services, arts education, and […]

This year the Division will invest nearly $3 million in more than 100 arts and community organizations Wilmington, Del. (July 30, 2019) – The Delaware Division of the Arts is investing nearly $3 million in more than 100 arts and community organizations that will serve Delawareans statewide with arts programming and services, arts education, and […]

Long-term plan addresses Delaware’s structural budget challenges DOVER, Del. – Governor Carney on Thursday presented his plan to close a $385 million structural budget shortfall and balance the Fiscal Year 2018 state budget through an equal mix of budget reductions and new revenues. Governor Carney’s budget proposal – combined with the plan to study long-term […]

“Responsible Investment” plan advances priorities outlined in State of the State including public education, state workforce DOVER, Del. – Governor Carney on Thursday presented his Fiscal Year 2019 Recommended Budget, sending the General Assembly a balanced $4.2 billion financial plan that will make important investments in Delaware’s economy, workforce, and public schools – while ensuring […]

India, which was among the last set of nations where the Covid-19 spread its tentacles, has announced a Rs 1.7-lakh-crore (0.8% of GDP) relief package for the poor and the vulnerable and is planning to calibrate its reponses to help the economy over the coming weeks.

Nevertheless, as many as 69% of respondents in a Ficci-commissioned survey have indicated that measures initiated so far by the government are inadequate and called for more steps.

According to Crisil estimates, the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore during the April-June quarter.

In view of the massive disruption to economic activity due to Covid-19 impact and likely huge shortfall in revenues, the council felt that fiscal response to the crisis should be much more nuanced.

The government has taken measures to contain expenditure, like freeze on its employees’ dearness allowance; it has also announced a relief package to support the vulnerable and disadvantaged sections.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

The revenue situation will only get worse next month as the lockdown in the whole of April would be reflected in collections in May, said Bihar Deputy CM Sushil Kumar Modi.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.

A Rs 4 lakh crore extra borrowing acknowledges huge fiscal slippage; raise loan-guarantee component in package.

Pedro Calado, vice-president of Madeira’s regional government, tells Sebastian Shehadi about the island's capacity for more upmarket tourism and its ongoing struggle to gain financial independence from Portugal. 

ISLAMABAD: The Centre will have to face serious challenges to support day to day expenditures after paying defence and debt servicing bills from available resources, as the fiscal budget 2020-21 is...

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ISLAMABAD: The Centre will have to face serious challenges to support day to day expenditures after paying defence and debt servicing bills from available resources, as the fiscal budget 2020-21 is...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ISLAMABAD: The Centre will have to face serious challenges to support day to day expenditures after paying defence and debt servicing bills from available resources, as the fiscal budget 2020-21 is...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...

ISLAMABAD: Keeping in view the impact of COVID-19 pandemic, Pakistan’s GDP is going to contract by 1.6 percent in the ongoing fiscal 2019-20 and will grow to 2.9 percent in the next financial year 2020-21 and the loans from IMF and other multilateral and bilateral donors will help to ease...

Reuters blogger Felix Salmon takes to kids’ toys to explain one of the most vexing problems facing Washington: the fiscal cliff. (December 12, 2012)

“Rooting out fraud and safeguarding taxpayers from illegal conduct are among the Justice Department’s highest priorities,” said Tony West, the Assistant Attorney General for the Civil Division.

The Department of Justice secured $3 billion in civil settlements and judgments in cases involving fraud against the government in the fiscal year ending Sept. 30, 2010.

The $3 billion total for fiscal year 2011 includes a record $2.8 billion in recoveries under the whistleblower provisions of the False Claims Act, which is the government’s primary civil remedy to redress false claims for federal money or property, such as Medicare benefits, payments on military contracts, and federal subsidies and loans.

The Justice Department secured $4.9 billion in settlements and judgments in civil cases involving fraud against the government in the fiscal year ending Sept. 30, 2012.

The Justice Department secured $3.8 billion in settlements and judgments from civil cases involving fraud against the government in the fiscal year ending Sept. 30, 2013.

Attorney General Eric Holder today announced that the Justice Department collected at least $8 billion in civil and criminal actions in the fiscal year ending Sept. 30, 2013.

The Hutchins Center Fiscal Impact Measure shows how much local, state, and federal tax and spending policy adds to or subtracts from overall economic growth, and provides a near-term forecast of fiscal policies’ effects on economic activity. Editor’s Note: Due to significant uncertainty about the effect of the COVID-19 pandemic on the outlook for GDP…

Projected fiscal shortfalls pose an important long-term challenge to U.S. policy makers.  Important though debt and deficits may be, the best current economic analysis suggests that the problem of fiscal imbalance is not as urgent as it appeared to be in the past.  Further- more, this problem must take its place among the many challenges…