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BusinessEconomist Daniel Waldenstrom argues that India should tax capital income like corporate profits and dividends instead of wealth or inheritance taxes. He warns that high wealth taxes could discourage saving and investment, which are vital for economic growth. Waldenstrom also emphasizes improving education access and pension systems to help more people benefit economically.
Economic Times·
WorldThe death toll from the Cyprus ferry tragedy off northern Cyprus has risen to 19 after rescuers recovered another body. The ferry "Filo Jet," carrying 267 people, capsized near Kyrenia on August 30. Rescuers saved 239 people, but nine remain missing. The wreck lies at 514 meters depth. The ferry's black box was recovered to help determine the cause.
HT World··Kyrenia
WorldUkrainian President Volodymyr Zelensky announced that Ukrainian forces have "de-occupied" approximately 125-140 square kilometers of territory in the Lyman direction of northern Donetsk during Operation Vivaldi. He stated the operation is ongoing and claimed Russian casualties have risen to about 42,000 per month recently, up from 30,000-32,000 earlier this year. Zelensky noted the operation was delayed for better preparation, resulting in fewer Ukrainian losses.
TOI World·
BusinessA survey by Biz Staffing Comrade found only 5% of senior business leaders blame talent shortages for execution gaps. Instead, most leaders identify shifting priorities and outdated processes as the key factors hindering organizational performance and growth.
Mint Companies·
PoliticsCaptain Smit Machhar bravely thwarted a terrorist attack on a Flydubai flight, saving 174 passengers without regard for his own life. Bollywood stars including Ajay Devgn, Shah Rukh Khan, Salman Khan, and Karan Johar have praised his courage. Ajay Devgn called him a true hero and wished him a speedy recovery.
News18Hi Entertainment·
SportsHayden O'Dell, a former South Alabama pitcher and St. Paul's Episcopal School athlete, died at 22 following a car accident in Wisconsin. He was in Wisconsin training for a sales job after completing his college baseball career in Mobile, Alabama. Tributes from his schools remember him as a hardworking player and loyal teammate. O'Dell was also cherished as a son, brother, and friend with strong community ties.
HT Sports··Mobile
Economic Times·
Economist Daniel Waldenstrom argues that India should tax capital income like corporate profits and dividends instead of wealth or inheritance taxes. He warns that high wealth taxes could discourage saving and investment, which are vital for economic growth. Waldenstrom also emphasizes improving education access and pension systems to help more people benefit economically.
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