The rapid rise of proof-of-work cryptocurrency mining in the U.S. is causing significant harm to local communities. It increases air and water pollution, creates noise issues, strains electric grids, and raises electricity costs for residents. Many states, once supportive of these energy-heavy operations, are reconsidering the tax breaks and incentives they offered. Despite the negative ...
The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, is set to host a groundbreaking ceremony for investment projects totaling Rs 10 lakh crore. Speaking at an international semiconductor conference, Adityanath encouraged the semiconductor industry to invest in the state, highlighting attractive incentives such as land and capital subsidies of up to 75%. He ...
 "India’s Fiscal Deficit Soars Amid Rising Expenditures and Subsidies")
India’s fiscal deficit for the first four months of the 2024-25 financial year reached 17.2% of the full-year target, with a gap of Rs 2,76,945 crore. The government aims to reduce the fiscal deficit to 4.9% of GDP this year, down from 5.6% last year. Total expenditure in this period was Rs 13 lakh crore, ...
