Posts

Fed plans bank-supervision overhaul to strengthen accountability, says Vice Chair Michelle Bowman

The Federal Reserve plans to restructure its supervision of US banks, replacing a system that gives regional Fed presidents responsibility for examinations with one that gives Washington officials clearer accountability, its top regulatory official said on Tuesday, Reuters reported.Fed Vice Chair for Supervision Michelle Bowman said the central bank will establish five geographic supervisory regions, each headed by a new “regional leader.”Officials in Washington currently set the examination policy, while the Fed’s 12 regional banks conduct and oversee the supervision of financial institutions.In prepared remarks for a conference at the St. Louis Fed, Bowman said the existing structure “disincentivised a critical link between responsibility and accountability.” She cited an independent review of Silicon Valley Bank’s collapse that she commissioned and that found Fed examiners were slow to act.“The Federal Reserve supervisory function will be realigned to implement a culture of accounta...
Post a Comment
Read more

PTC shares soar nearly 34% after Schneider Electric agrees to $22.6 billion buyout

PTC shares surged nearly 34% on Monday after French energy and software group Schneider Electric agreed to acquire the US industrial software company for $22.6 billion in cash, Reuters reported.The deal comes as software companies seek to secure revenue streams amid concerns that advances in artificial intelligence could offer competing services at lower costs.According to the Reuters report, Schneider manufactures equipment for energy systems, including data-centre cooling technology, and provides product-management software. PTC specialises in computer-aided design and software used in industrial processes.The acquisition “creates a leading, scaled, open and interoperable industrial software and AI franchise,” Schneider said, adding that PTC’s board had approved an offer representing a 42% premium to the company’s most recent share price.“We gain substantial scale and resources to accelerate innovation, advance our Intelligent Product Lifecycle vision, and expand our business into mo...
Post a Comment
Read more

Next-gen GST to boost growth, ease compliance

India's ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our government has worked to create those conditions. GST's introduction in 2017 established a common national framework for indirect taxation. Next-gen GST carries that effort forward, drawing on nine years of implementation and the experience of taxpayers and states.Under Prime Minister Narendra Modi's vision, next-gen GST was conceived with two connected purposes: to reduce and rationalise rates, and to make compliance easier. The rate changes took effect on September 22, 2025. The next phase of process reforms will come before the GST Council shortly. Together, these efforts seek to give households relief, businesses greater certainty and taxpayers a system in which they can fulfil their obligations without avoidable difficulty.Also Read: GST 2.0 may scrap arrest powers, raise prosecution barStates have been partners th...
Post a Comment
Read more

GST 2.0 may scrap arrest powers, raise prosecution bar

from Economic Times https://ift.tt/sfXP1Cc
Post a Comment
Read more

Yemen-Houthi conflict flares again

Sanaa: Yemen's internationally recognised government on Saturday (local time) confirmed strikes against what it described as "vital targets" of the Houthis in Sanaa and Saada, after the rebel group claimed it carried out a missile and drone operation targeting Aramco facilities in Saudi Arabia's capital, Riyadh.The developments mark a fresh escalation in the ongoing conflict, with both sides issuing statements claiming military actions.In a statement issued by the media centre of the Armed Forces of Yemen's internationally recognised government, the official spokesperson said Yemeni forces were carrying out strikes against Houthi-controlled areas."We are delivering painful strikes against vital targets of the terrorist Houthi militia in Sanaa and Saada," the official spokesperson said.The spokesperson further warned that Houthi military capabilities would remain under attack."The capabilities of the Houthi militia will not be safe from the fire of o...
Post a Comment
Read more

Avg NCR home prices up 12% in Jul-Sep: Anarock

from Economic Times https://ift.tt/sedV9YK
Post a Comment
Read more

‘Let them go to Pak’: Dipke on Hindu-Muslim politics

from Economic Times https://ift.tt/GiD6jA7
Post a Comment
Read more