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India Today
10 hours ago
- Business
- India Today
iPhone 15 Pro Max price drops by Rs 25,000
iPhone 15 Pro Max price drops by Rs 25,000 By Ankita Garg Reliance Digital is offering a massive discount on the iPhone 15 Pro Max. Its price has dropped by Rs 25,000 on the site and an extra (up to Rs 10,000) bank discount offer is also available. As the iPhone 15 Pro Max is coming closer to being 1 year old, its getting cheaper. Reliance Digital site is selling its base 256GB model at Rs 1,34,900. The device was launched in India at Rs 1,59,900, which means that consumers are getting a massive discount of Rs 25,000 on Reliance Digital site. Additionally, there is also "up to" Rs 10,000 discount offer on IDFC, RBL and bank credit cards. This will further reduce the price of the phone, making it a steal deal for iPhone lovers. It is currently unknown when this offer will expire but this is a steal deal and one should not miss it. Comparatively, the iPhone 16 Pro Max was launched in India at Rs 1,44,900 (256GB model). People who don't have budget restriction can consider buying the latest model. Those who want to try and save some money, and even want a good Pro Max model should consider the iPhone 15 series. The iPhone 15 Pro Max is still a solid phone and is capable of offering a powerful raw performance. It is even eligible to receive AI features. The camera and battery life is also great for the price. There is no information on when the latest iPhone deal will expire. Hence, people are advised to buy the iPhone 15 Pro Max quickly if they have been planning to get one.
Forbes
23-05-2025
- Business
- Forbes
Ukraine-US Mineral Deal Is A Potential Tax-Free Investment Goldmine
WASHINGTON, DC - FEBRUARY 28: (L-R) U.S. President Donald Trump greets Ukrainian President Volodymyr ... More Zelensky as he arrives at the White House on February 28, 2025 in Washington, DC. Trump and Zelensky are meeting today to sign a preliminary agreement on sharing Ukraine's mineral resources that Trump says will allow America to recoup aid provided to Kyiv while supporting Ukraine's economy. (Photo by) Imagine a reconstruction fund so tax-preferred it makes municipal bonds look like a comparative raw deal—that's what the United States-Ukraine Reconstruction Investment Fund may have just created. The fund, formally established through an agreement between the U.S. and Ukraine in April, is structured as a limited partnership between two state-backed agencies: the U.S. International Development Finance Corporation (IDFC) and Ukraine's Agency on Support Public-Private Partnership (PPP). The purported ambition is the reconstruction and rebuilding of Ukraine post-Russian invasion—with a strong preference towards a steady infusion of international capital. The fiscal kicker is that all income flowing into, within, and out of the fund is completely exempt form Ukrainian taxation. No income tax, no withholding, no levies. At first blush, this looks like a dream scenario for foreign investors—more specifically Americans. But how does this work in policy terms? The agreement between Ukraine and the U.S. is not without precedent; conflict-torn states often resort to tax exemptions in order to lure back capital. From the Iraq to Rwanda domestic tax codes have been leveraged to jump start rebuilding. What makes this agreement different is the scope, permanence, and primacy. The agreement appears to essentially lock in the exemptions in perpetuity, requiring any future Ukrainian legislation to defer and yield to this international treaty. In fact, Ukraine explicitly agrees that no domestic law can override the terms of the agreement, and it can't plead any internal law in order to avoid compliance. This undermines one of the core sovereign powers any state wields in a globalized economy: the right to tax within its borders. Ukraine is trading that for long-term capital and, perhaps more to the point, strategic alignment with the west. One could be excused for seeing the bargain as Faustian. From Washington's perspective, this is more than a modern day Marshall Plan, its an invitation to shape post-war Ukraine in America's image—market-centered, investor-friendly, and western aligned. Perhaps more to the point, there is little to lose. The U.S. tax implications would have always been minimal because income sourced outside the U.S. and not effectively connected to a domestic trade or business is not taxable to foreign persons. The U.S. portion of the tax-free agreement merely reflects this ongoing assumption, making no affirmative commitments with regards to taxation whatsoever. This means that, most likely, a Ukrainian partner would not face U.S. tax exposure, and American investors could receive returns free of Ukrainian tax and with the usual array of U.S. international tax planning tools and schemes at their disposal. One can reasonably expect some savvy fund managers to route investments through this new partnership in order to arbitrage other treaties and preferred tax treatments. Ukraine has been angling for accession to the E.U. for some time—and the agreement contemplates this. The E.U. would very likely frown upon the wholesale tax base erosion inherent in the agreement—so there is language acknowledging community obligations and allowing for renegotiation of the fund's structure collides with future accession plans or terms. But taxation isn't the only tool Ukraine is giving up. The agreement mandates full convertibility of the hryvnia into dollars for all partnership-adjacent transactions. Even during martial law, the fund retains special privileges on transfers. If Ukraine breaches any of these agreements, it is required to indemnify both the fund and its partners for any losses. In effect, this provision transforms the fund into something like a sovereign entity—which the E.U. may not look on favorably. The fund bypasses traditional capital controls even when the rest of the Ukrainian economy might be locked down—tough stuff. Ultimately, the question remains an open one whether this agreement is a one-off or the first foray into a new post-conflict economic rebuilding plan for the U.S. The Global South has, for some time, been looking for alternatives to International Monetary Fund financing and the West has, for almost as long, been looking for methods to counter China's Belt and Road. Tax-sheltered reconstruction zones backed by treaties may be the next frontier in economic diplomacy.
Hans India
27-04-2025
- Hans India
Five cyber fraudsters held
Nellore: In a major break-through, police on Saturday arrested a five-member fraudsters gang and recovered Rs 2 lakh cash, 29 mobile phones, 21 phones, 57 ATM cards, one WiFi router, one printer, one laptop, 1 card cutting machine, one lamination machine and SIM cards from them. The accused were identified as Gangaram (32), Hemanth Kumar (30), Kailash (28), Nagaram (25), and Ramaram (30) of Rajasthan. Police sent letters to the bankers asking them to freeze the accounts of accused in various banks. Addressing a press conference here on Saturday, SP G Krishnakanth has said the accused has looted Rs 2.46 crore from the account of a woman, wooing her to pay double amount if invest as they said. According to the SP, the accused showed Rs 5.5 crore balance in the Victim's account, but she couldn't withdraw amount. She suspected something wrong and lodged a complaint with Chinna Bazar police station. The accused had 236 fake current accounts in banks in IDFC, Karnataka, YES, Indian Overseas, Bank of Baroda, IDBI banks by producing fake Aadhar cards and PAN cards for the purpose. Later, they will recruit a few agents by offering a salary of Rs 20,000 to trap bank account holders in the name of giving double the amount of their investments. The SP said that there are 436 complaints regarding 36 fake bank accounts against the accused, registered with National Crime Report Portal. Police headed by Chinna Bazar police station CI Chittem Koteswara Rao formed teams and arrested the accused, who were moving suspiciously in Nellore South Railway Station on Friday. The accused confessed to the crime during interrogation, he informed. The SP urged people not to allow strangers to operate their bank and advised not to invest money, if anyone offers double amount, and not to respond fake messages received from unidentified persons. Additional SP CH Soujanya nellore city DSP Sindhu Priya and others were present.
