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The National
an hour ago
- The National
Trump sacks Labour Department official as warning signals flash in US jobs market
President Donald Trump lashed out at officials on Friday, saying Commissioner of Labour Statistics Erika McEntarfer would be fired, as a US jobs report put employment growth at a much lower level than expected. The Labour Department's employment report for July showed employers added 73,000 jobs, and revisions for May and June suggest hiring was weaker in those two months than thought. Mr Trump renewed his attack on Fed chairman Jerome Powell l, calling him a 'stubborn moron' after the Fed on Wednesday paused the cutting of interest rates. He then said the Ms McEntarfer, would be fired. He said she had "faked" jobs numbers under the Biden administration in an attempt to give presidential candidate Kamala Harris a boost. He also urged the Federal Reserve board to assume control if Mr Powell continues to refuse to lower interest rates. 'Too Little, Too Late. Jerome 'Too Late Powell is a disaster. DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!' Mr Trump wrote on Truth Social. Economists polled by Reuters had thought July's jobs number would be 110,000. The unemployment rate ticked up to 4.2 per cent. Brian Jacobsen, chief economist at Annex Wealth Management, said Mr Powell might have lowered interest rates on Wednesday if he 'knew then what he knows now'. 'There's no way to pretty-up this report. Previous months were revised significantly lower where the labour market has been on stall-speed,' he said, predicting a rate cut at the next Fed meeting. The unexpectedly weak report raises questions about the health of the job market and the economy amid Mr Trump's radical efforts to reshape US trade policy. Late on Thursday, he unveiled hefty tariffs on imports from around the world. 'President Trump is using tariffs as a necessary and powerful tool to put America first after many years of unsustainable trade deficits that threaten our economy and national security,' the White House said. Also weighing on the economy is an anticipated drop in foreign workers as Mr Trump pushes ahead with efforts to deport immigrants who do not have authorisation, although he has suggested farmers and hoteliers might be spared wholesale round-ups of their staff. Wells Fargo economists called July's job report a "dud" and forecast interest rate cuts of 0.25 per cent in September, October and November.
Khaleej Times
an hour ago
- Khaleej Times
NRIs in UAE: How to file Income Tax Return online, complete step-by-step guide
Do you live in the UAE and earn income in India? Here's some good news, the deadline for filing your Income Tax Return (ITR) has been extended to September 15, 2025. The extension aims to give taxpayers more time to ensure accurate filing and full compliance with tax regulations. Non-Resident Indians most commonly file for ITR-2, of all the types. Below is a step-by-step guide on how you can file your ITR online. This process begins after you've completed the pre-filing stage, where you're required to enter all relevant income and tax-related information. 1. Log in to the e-Filing portal Visit the official e-Filing portal and log in using your PAN (as User ID), password, and captcha code. 2. Begin the Filing Process Once logged in, go to your dashboard and navigate to: e-File > Income Tax Returns > File Income Tax Return If your PAN is not linked with Aadhaar, a warning message will pop up indicating that your PAN is inoperative. You can either click 'Link Now' to link it immediately or proceed (not recommended). 3. Choose the assessment year Select Assessment Year 2024–25 and click 'Continue'. 4. Select mode of filing Choose 'Online' as your preferred mode and proceed. If you've started a return previously, you'll see the option to 'Resume Filing'. To discard the existing draft and begin anew, click 'Start New Filing'. 5. Specify your filing status Choose the category that applies to you: Individual, HUF, or Others. Click 'Continue'. 6. Select the appropriate ITR form You have two options: Help me decide: Let the system guide you based on your responses to simple questions. I know which ITR form I need: If you're sure, select the correct form from the dropdown and proceed. If you're unsure about which ITR form, schedules, or deductions apply to you, the guided option is the safer choice. 7. Review required documents Before proceeding, you'll see a checklist of documents needed. Click 'Let's Get Started' to continue. 8. Review and edit pre-filled data Your personal details and other information may already be pre-filled from previous records. Review this carefully, make any necessary changes, and complete the additional fields. Click 'Confirm' after each section. 9. Enter income and deduction details Provide your income details from salary, interest, business/profession, etc., and claim applicable deductions under various sections (e.g., 80C, 80D). After completing all sections, click 'Proceed'. 10. Tax Summary and Payment If tax is payable You will see a summary of your tax computation. You can either: Pay now Pay later: But this may attract interest or penalty and flag you as a defaulter. If no tax is payable or a refund is due If there is no tax liability or if you're eligible for a refund, click 'Preview Return' to proceed. 11. Make payment (if applicable) If you chose to 'Pay Now', a message will appear confirming redirection to the 'e-Pay Tax Service'. Click 'Continue', complete the payment, and return to the filing portal. 12. Return to filing dashboard After successful payment, click 'Return to Filing' to resume the ITR submission process. 13. Preview your return Click 'Preview Return' and review the full summary of your inputs. 14. Make declaration Enter your place of residence, tick the Declaration checkbox, and click Proceed to Preview. If you haven't used a Tax Return Preparer (TRP), leave those fields blank. 15. Final review and validation Go through your return one last time and click 'Proceed to Validation'. 16. Error check If errors are detected, you'll need to correct them before submission. If there are no errors, proceed to verification. 17. Verify your return On the 'Complete Your Verification' page, choose your preferred verification method and click 'Continue'. - e-Verification is the easiest, safest, and fastest method. If your PAN is still inoperative, you'll see a reminder to link it with Aadhaar. - If you choose 'e-Verify Later', ensure the return is verified within 30 days of filing, or it will be treated as invalid. 18. Complete e-Verification You can e-Verify using options such as: All done! Once verification is complete:
UAE Moments
2 hours ago
- UAE Moments
Sheikh Mohammed Rides Etihad Rail from Dubai to Fujairah
Sharing moments from his trip on X (formerly Twitter), Sheikh Mohammed called the national rail project a 'source of pride,' spotlighting its role in connecting 11 cities across the country, from Al Sila in the west to Fujairah in the east, with trains that can zoom up to 200 km/h. 'Proud of our national projects... proud of the Etihad Trains team led by Theyab bin Mohammed bin Zayed... and proud of a country that never stops working, but adds a new brick every day to its future infrastructure,' he wrote. 🎥 Want to see what the ride looks like? Check out the video shared by Dubai Media Office. محمد بن راشد : خلال رحلة من دبي للفجيرة بقطار الاتحاد للركاب .. القطار سيربط بين 11 مدينة ومنطقة في الدولة من السلع للفجيرة .. بسرعة 200 كم/ساعة . وسيسهم بنقل 36 مليون مسافر بحلول 2030 .. وسيبدأ تشغيله العام القادم باذن الله . فخور بمشاريعنا الوطنية .. وفخور بفريق عمل قطارات… — Dubai Media Office (@DXBMediaOffice) August 2, 2025 The Etihad Rail passenger service is expected to officially launch in 2026 and aims to carry 36 million passengers every year by 2030. During the ride, Sheikh Mohammed got an inside look at the progress and engineering behind the project. 'Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, noted: '(Sheikh Mohammed) has been integral to our journey, witnessing the evolution of our network through its various phases: from the announcement of the 'Projects of the 50' in 2021 to the inauguration of the complete national railway network and the commencement of freight train operations in 2023.' So, what cities will the Etihad Rail connect? Get ready for smoother, faster travel between: Abu Dhabi Dubai Sharjah Ras Al Khaimah Fujairah Al Ain Ruwais Al Mirfa Al Dhaid Ghuweifat (bordering Saudi Arabia) Sohar, Oman (via the Hafeet Rail extension) Where will the stations be? Confirmed stations include: Sakamkam, Fujairah University City, Sharjah Possible upcoming stops are being considered near: Jumeirah Golf Estates Metro Station, Dubai
