Justices to tackle campaign finance, affirmative action

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July 25, 2013 by apicomely

The law limits that aggregate amount to $123,000 over two years. His case, McCutcheon v. Federal Election Commission, doesn’t challenge the $2,600 limit on donations to each candidate but rather the cumulative amount. If the court jettisons the overall limit, however, it could open the door to other legal battles against contribution limits.

Baucus Says Finance Panel to Consider Tax Code This Year

The rupee hit its highest in a week, rallying further from record lows as it secured a respite, thanks to the Reserve Bank of India’s efforts to push up rates. Analysts said the banks were vulnerable as the bulk of their lending activities are financed by wholesale deposits, from companies or other banks prone to move their money quickly. That contrasts with peers such as HDFC Bank (HDBK.NS) and state-owned banks with a massive nationwide presence that lets them access more stable deposits from retail investors. Bulk or wholesale deposits make up just 22 percent of HDFC Bank’s total deposits. But that ratio ranges from 45 percent to 54 percent for Yes Bank, IndusInd Bank and Kotak Mahindra Bank (KTKM.NS).

Banks, finance firms hit by RBI’s rupee defence

No Interest I have no interest in re-opening the subject of additional taxes, McConnell said. Baucus and Orrin Hatch of Utah , the top Republican on the Finance Committee, have asked senators to submit ideas for tax changes by July 26. They said they are starting with a clean slate and are seeking justification for restoring any tax breaks. Baucus has his own deadline.

Finance c’tee readies NIS 400b. budget for Knesset approval

Committee chairman Nissan Slomiansky (Bayit Yehudi) commended the members for passing the budget despite deep ideological divides. Related: Knesset c’tee approves defense budget with a warning The budget, together with the Economic Arrangements Bill that was fixed in the finance committee, is good news for Israeli society, while ensuring compliance with fiscal targets, he said. The committee voted eight in favor and four against the budget. Earlier in the day, the committee approved cuts of a half-billion shekels a year from the planned budget increases for both the Education Ministry and the Transportation Ministry.

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