By kicking off his third term with Kisan Nidhi scheme and Pradhan Mantri Awas Yojana (PMAY), Prime Minister Narendra Modi has left stock market investors debating over whether the much sought-after winners of Modi 2.0 will continue to dominate Dalal Street. All Union Ministries have been asked to finalise their 100-day plans. The first 100 … Read more
It’s a make or break day for Steven Miles. As he stares down the indignity of losing the October election, the Queensland Premier is targeting what is overwhelmingly the biggest issue for voters: the rampantly high cost of living. So concerned is he about Labor’s inability to address inflation — at state and federal level … Read more
The Queensland government is set to spend big on cost-of-living relief, with the treasurer arguing it will be worthwhile despite the likelihood of a budget deficit. Treasurer Cameron Dick’s fifth budget on Tuesday will splash the cash for Queenslanders ahead of the October state election. WATCH THE VIDEO ABOVE: Queensland Treasurer Cameron Dick hands down … Read more
“There are no free lunches. Only if you are there will you participate in this. But a large part of the market is now, particularly the over-owned PSUs are now looking a little frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Yesterday, FII were buying. They were very big buyers. So, are you saying we should sell?Of … Read more
Millions of Australian students with an outstanding HECS debt will see an increase in the amount of money they owe when the second-biggest indexation to their student debt is applied on Saturday. Anyone who has an unpaid loan on June 1, will see their debt increase by 4.7 per cent. According to the Federal Government, … Read more
“Few percentage point here and there does not matter as much as certainty does. So, outcome after elections, a good budget, both would have a positive impact,” says Prateek Agrawal, MD & CEO, Motilal Oswal Asset Management Company. I am looking at the market positioning, what FIIs have done, what DIIs have done, what the … Read more
The penalty for lodging a tax return after the deadline in Australia is set to increase, if proposed legislation passes before the end of the financial year on July 1. The 5.4 per cent increase will bring the existing $313 penalty up to $330, and the penalty will continue to go up every three years … Read more
The price of prescription medicine is set to rise after the influential Pharmacy Guild won a bid to strip Chemist Warehouse of its ability to offer customers $1 off medicines. The federal government made the decision after negotiations with the pharmacy Guild came to a head. WATCH THE VIDEO ABOVE: Government caves to pharmacy pressure … Read more
A number of changes have been made to the mutual obligation rules to improve Centrelink’s JobSeeker payment, according to the federal budget. The relaxation of the rules is likely to result in fewer people being cut off from the payment. Among the changes, comes an expansion to the grace period before a Jobseeker recipient gets … Read more
Australian airlines are working to cut emissions in line with reduction targets but without a local industry to produce the sustainable aviation fuels (SAF) needed to do so, the cost of air travel was set to soar. But funding for a local SAF industry announced in the 2024-25 federal budget means airlines can now “remain … Read more
