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Investor Michael Burry warns of impending market chaos due to automated trading funds. He highlights the risk of rapid unwinds causing significant disruptions, with volatility reaching levels not seen in nearly a century. Burry also criticizes large AI funding structures, suggesting they could pose serious risks to investors in the future.
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"Looks like Burry's crystal ball is working overtime!"
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EPFO's e-Office app will be unavailable today from 6 pm to 9:30 pm due to a scheduled upgrade. During this time, members may face temporary service delays, but key UMANG services will remain accessible. It's important for EPF subscribers and employers to stay informed about these changes.
The Income Tax Department's NUDGE campaign has led to 1.25 crore updated ITRs, generating ₹9,494 crore in additional tax revenue. This technology-driven initiative encourages voluntary compliance among taxpayers for FY25 and FY26, showcasing the effectiveness of strategic tax collection efforts. The campaign highlights the importance of timely tax updates and compliance in boosting national revenue.
Taxpayers can correct errors in their ITR before the July 31 deadline. Understanding the revision process is crucial to avoid penalties. Filing a revised return ensures compliance and accuracy, helping taxpayers navigate the complexities of tax regulations effectively.
Learn how LIC invests your premiums in stocks. The Finance Ministry details LIC's equity investment strategy, including risk checks and portfolio reviews over five years. Discover the factors influencing LIC's investment decisions and the regulatory oversight ensuring policyholders' funds are managed wisely.