Good Morning Folks!!! When hunger reached its most desperate depths, which common household item used frequently today, in times of despair too and sometimes made from animal fat, became a source of sustenance for people during famines? Stay tuned till the end of the newsletter to find out.

BUDGET
New Tax Rules Rock Real Estate!

One Liner: The Budget's new tax rules simplify but spice up real estate transactions by removing indexation benefits and lowering the LTCG tax rate.

The Finance Minister has unveiled a bold shift in real estate taxation by removing the indexation benefit for long-term capital gains (LTCG) on property and reducing the LTCG tax rate to 12.5% from 20%. While this aims to simplify the tax regime, experts warn of a higher tax burden for those holding properties longer than five years. Some believe this change could make real estate less attractive as an investment but also limit speculative buying, thus boosting end-user confidence in the market. The new rules might encourage more liquidity and bring uniformity in capital gains tax across asset classes, addressing long-standing investor demands. The real estate market braces for a mix of challenges and opportunities under these new guidelines!

CORPORATE
Karnataka IT Minister Debunks 14-Hour Work Proposal Rumors

One Liner: Karnataka's IT Minister assures techies there's no plan to work them to the bone with 14-hour days!

Karnataka's IT Minister Priyank Kharge has put tech workers' minds at ease by dismissing the buzz about a proposed 14-hour workday as pure fiction. Amidst concerns from the tech community, Kharge clarified that the government isn't planning to stretch work hours in the IT sector. He emphasized that any changes to labor laws would prioritize employee welfare and productivity, not exhaustion. Kharge's reassurance underscores Karnataka's commitment to maintaining its status as a top tech hub by fostering a balanced work environment. So, techies can keep their coffee mugs steady—no extra hours are brewing.

LOGISTICS
Home Delivery of Liquor Coming Soon

One Liner: States are popping the cork on home delivery of liquor via Swiggy, BigBasket, and Zomato!

Several Indian states are getting ready to raise a toast to convenience by allowing home delivery of liquor through popular platforms like Swiggy, BigBasket, and Zomato. As part of an effort to modernize liquor sales and cater to the growing demand for home services, states like West Bengal, Chhattisgarh, and Maharashtra are leading the charge. This move promises to shake up the traditional liquor market, offering customers the ease of ordering their favorite spirits with just a few clicks. So, get ready to say goodbye to long store queues and hello to chilled beverages at your doorstep.

WORLD

U.S. President Joe Biden, currently in isolation due to COVID-19, will deliver his first public address on July 25 after withdrawing from the 2024 presidential race. Biden, aged 81, endorsed Vice President Kamala Harris as the Democratic Party's new nominee, following pressure from party members after his poor debate performance against Donald Trump. Biden emphasized the need for party unity to defeat Trump, asserting he will serve the remainder of his term, which ends in January, while focusing on fulfilling his presidential duties for the American people.

Google's decision to delay the phaseout of third-party cookies until late 2024 is primarily driven by the complexities of implementing a comprehensive privacy solution. This delay affects advertisers and businesses that rely heavily on cookies for targeted advertising and data collection. Google aims to introduce its "Privacy Sandbox," which provides alternative tools for targeted advertising without compromising user privacy. However, this transition is met with challenges as companies navigate a landscape where third-party cookies play a significant role. The delay allows Google and businesses more time to adapt to these changes and explore new technologies

Novo Nordisk's weight-loss drug Wegovy has received approval from the UK's Medicines and Healthcare products Regulatory Agency (MHRA) to be used for reducing heart risks in overweight and obese adults with cardiovascular disease. This approval marks a significant milestone as Wegovy becomes the first weight-loss medication in the UK sanctioned for preventing heart attacks and strokes in such patients. The decision follows a study that demonstrated Wegovy's efficacy in significantly lowering cardiovascular events. This approval not only opens new avenues for cardiovascular treatment but also emphasizes the growing recognition of the link between obesity management and heart health.

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Watch: First Look Inside SpaceX’s Starfactory with Elon Musk

Workshop: Saree Painting Workshop

Riddle

I am born of silence, shaped by pressure. I can be fragile or strong, depending on the measure. What am I?

ANSWER TIME!!

Answer(Trivia): Candle

Answer(Riddle): Diamond