Thursday, December 8

Education

Education

CALIFORNIA TO TAX BIDEN’S STUDENT LOAN FORGIVENESS

President Biden’s announcement in August of up to $20,000 in broad federal student debt forgiveness likely came as a relief for millions of eligible borrowers, but it also brought with it plenty of questions. Fortunately, the White House later issued a press relief that answered many of these queries, including confirming that this debt relief won’t be subject to the federal income tax. However, whether or not it will be considered income for state income tax purposes is still less certain. Student Debt Relief & Income Taxes Generally speaking, any taxable amount of forgiven or discharged debt is treated as ordinary income and is therefore subject to federal and (potentially) state Income Taxes, per Internal Revenue Service(IRS). requirements While the American Rescue Plan. Act e...
Byju’s acquires US-based digital reading platform Epic for $500 mn
Education

Byju’s acquires US-based digital reading platform Epic for $500 mn

By Administrator_India Capital Sands Byju’s, India’s most valuable start-up, has acquired US-based digital reading platform Epic for $500 million, strengthening its position in the education technology (edtech) sector. The acquisition will help Byju’s expand its US footprint by providing access to the more than two million teachers and 50 million kids in Epic’s existing global user base, which more than doubled over the last year, it said. “Epic’s model for inspiring the next generation through interactive reading is in lockstep with our mission to help millions of children become life-long learners. We welcome Epic’s talented leadership team and employees to the Byju's family as we endeavour to help students fall in love with learning across the world,” said Anita Kishore, chi...
Supreme Court to hear review petition today seeking postponement of JEE, NEET
Education

Supreme Court to hear review petition today seeking postponement of JEE, NEET

By Administrator_India Capital Sands The Supreme Court on Friday will hear the review petition filed by six Cabinet Ministers from Opposition-ruled states against the previous order of the apex court declining to postpone NEET-UG and JEE (Mains) exams amid the COVID-19 pandemic. The plea has been filed by six Cabinet Ministers from West Bengal, Jharkhand, Chhattisgarh, Maharashtra, Punjab and Rajasthan. They approached the top court on August 28 seeking a postponement of the examinations in view of the coronavirus crisis. The matter will be heard by he Bench of Justices Ashok Bhushan, BR Gavai and Krishna Murari on Friday (sep 4,2020). On August 17, the top court had dismissed a plea seeking postponement of the NEET and JEE exams. "Life cannot be stopped, the career of stude...