Zohran Mamdani is at the center of a widening controversy after Citadel objected to New York Mayor’s use of Ken Griffin’s name in a tax push. The hedge fund claims the mayor is leveraging Griffin to support individual taxation efforts, escalating a dispute that also touches public political messaging tied to pro-Palestinian views.
Finance Minister Nirmala Sitharaman said the debate on freebies matters because it shapes future growth. She claimed the government has “contained the leaky bucket” process using technology so beneficiaries receive the full amount, not just a fraction. Speaking in Kakinada, she also urged removing taxes hurting exports, saying the new export policy will offer incentives to exporters.
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Crude oil has fallen to a four-year low, and global rates are down nearly 30% in the last quarter. Oil marketing companies are buying cheaper crude and seeing higher margins, but retail fuel prices haven’t dropped in months. The reason: taxes and duties remain high, shielding consumers from the benefits.
Japan’s 2026 travel bill is set to rise sharply as new taxes and price hikes hit travelers across accommodation, transport, and departure fees. Kyoto and other regions are introducing lodging taxes, while the international departure tax is expected to triple. Rail pass prices are also increasing, and visa fee hikes are being discussed.
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