UPI rule change for PPIs: Unified Payments Interface (UPI) and wallets like Paytm, PhonePe, and Amazon have become integral to our daily transactions. Whether it's paying for groceries, bills, or other expenses, we rely on these platforms regularly. However, a common complaint among users is the limited flexibility in using wallet funds for UPI transactions. Typically, you can only use wallet money through the issuer's app, like PhonePe for PhonePe wallet. Using the same funds through other UPI...
The bank's net interest income (NII) -- the difference between what it earns on loans and pays out for deposits -- fell 8% to $12.23 billion. NII was hurt by higher interest rates on funding costs, including the impact of customers moving to higher yielding deposit products, as well as lower loan balances, the bank said. The shifting U.S. interest rate outlook is an important factor that will drive banks' future profits.
The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.
Republican National Committee co-Chairwoman Lara Trump suggested the criminal trial against former President Donald Trump “is not working” as his fundraising continues to rise. Lara Trump appeared Wednesday on Fox News’s Hannity to discuss the latest fundraising numbers on her father-in-law’s campaign. Her report comes after the campaign already raised $1.5 million after the trial’s first […]
Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. The Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC) and the Federal Reserve are probing the bank, The Wall Street Journal (WSJ) reported Thursday […]
About 4 million more workers will qualify for overtime when the rule is fully implemented.
The Biden administration has finalized a new rule set to make millions of more salaried workers eligible for overtime pay in the U.S.
The settlement was reached after opening statements were made in the case.
Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. The threshold will increase to the equivalent of an annual salary of $43,888, or $844 a week, starting July 1, and then to $58,656, or $1,128 a week, on January 1, 2025. About 4 million more workers will qualify for overtime when the rule is fully...
Overtime pay would cover 4 million more workers by January 1 under a new Biden administration rule that boosts the salary threshold for exemption
The U.S. Justice Department announced a $138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
The new Bureau of Land Management regulation, which applies to nearly 90,000 wells on federal public land, is hampered by math errors and overly optimistic cost projections.