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Paul Tudor Jones said that mounting geopolitical risk is making it a challenging time to want to be an equities investor right now.
Former Treasury Secretary Larry Summers laid out a five-point agenda for Fed Chair Jerome Powell take the podium in Jackson Hole Friday.
The letter dated August 19 reads: “The 15th Finance Commission has reduced Karnataka’s share in tax devolution to 3.647 per cent of the divisible pool for the term 2020-21 to 2025-26 from 4.71 per cent recommended by the 14th Finance Commission. Karnataka has seen the steepest cut of 23 per cent because of the reduction in the devolution share.
The CE-in-Council is yet to make a final decision on the pay adjustment, and once passed, it could be effective retroactively from 1 April 2023.
KUALA LUMPUR, July 14 — The country’s fiscal position is still strong and the federal government’s debt is still under control, said Finance Minister Datuk Seri Tengku Zafrul...