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Memorial Day, now observed on the last Monday in May, has evolved into a major retail and travel weekend. Government offices and banks will be closed, but most retail stores will remain open with sales. A record 45 million Americans are expected to travel, primarily by car, despite air travel concerns stemming from recent safety incidents and ongoing flight disruptions.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dUEtC6h
JSW Paints, under Sajjan Jindal, is nearing the acquisition of Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This deal could position JSW Paints as a major player in both decorative and industrial paints. The acquisition, expected to be finalized soon, will trigger an open offer and is financed through promoter equity and bank loans.
Gold prices are predicted to rise significantly. Reports suggest a potential peak of $8,900 by 2030. Incrementum's analysis links this to central bank policies and inflation. JP Morgan forecasts $6,000 per ounce by 2029. Despite fluctuations, experts advise investors to consider gold. Current market allocation to gold is minimal compared to other assets.
RBI acknowledges that government ownership of public sector banks (PSBs) reduces its risk management burden, justifying lower capital buffers for these entities. The central bank's economic capital framework report highlights the government's deep pockets and track record of capital infusion, which has improved PSB asset quality.
A World Bank study reveals Pakistan's General Sales Tax exacerbates poverty by disproportionately burdening low-income families. Education spending, particularly at primary levels, also contributes to inequality. Conversely, the Benazir Income Support Programme effectively reduces inequality by providing financial aid to the poorest households, highlighting the need for tax reforms and improved social protection.
