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YOU WONT BELIEVE: Fema - What They Never Told You

‘Where did they go?’: homeless people feel force of America’s brutality in World Cup clean-up

Fifa says football brings the world together but the unhoused in Atlanta feel targeted and completely excluded from the tournament

The Guardian - UK

Climate change driving more rains that lead to deadly flash floods, experts say

Over the last month, states across the country have experienced record rainfall and flash flooding

The Guardian - US

Where to find flooding resources and how to help impacted Texans

From addressing storm damage to mental health needs, here’s how to help or find resources.

The Texas Tribune

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Trump is taking longer than any modern president to approve disaster aid: report

When major disasters strike, Americans are routinely waiting weeks — or even months — to receive presidential approval for aid

The Independent UK

ETMarkets Smart Talk | Equity, mutual funds, bonds or property: Tax rules every NRI should know: Ritu Shaktawat

NRIs investing in India must understand tax rules and residential status. Double Taxation Avoidance Agreements offer beneficial tax treatments for certain income streams. Recent changes affect capital gains and mutual fund taxation significantly for investors. Careful planning of investment exits and documentation is crucial for compliance. Adhering to FEMA and…

The Economic Times

ED initiates FEMA investigation against Mumbai-based film producer

Searches were conducted against Kalanee Impex Ltd. and its director Dharmesh Sangani. Officials alleged undisclosed foreign assets and bank accounts were found during searches. Export proceeds from overseas buyers were also not realised by the company. The agency found substantial shareholding in an undisclosed Canadian company.

The Economic Times

Extreme Heat Kills More Americans Than Any Weather Disaster, but It Has Never Received a Federal Disaster Declaration

Extreme heat kills 2,394+ Americans annually but has never qualified for a federal disaster declaration. Here's what that means for your community.

Medical Daily

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Washington Promised Puerto Rico $14 Billion To Fix Its Grid. Most of the Money Is Still Stuck.

A new GAO report attributes the delays to onerous regulations and poor coordination among government agencies.

Reason

Trump Denies £170 Million Blizzard Aid To Four Democratic States While Approving £634 Million For Republican-Led States

President Trump denied blizzard recovery aid to four Democratic-led states while approving funds for Republican states, sparking allegations of partisan bias in disaster relief decisions.

International Business Times UK

Trump Disaster Aid Gap Revealed: Rhode Island Denied at 10 Times the Threshold as Red States Got Approved

Trump denied $227 million in blizzard aid to four Democratic-led states days after approving relief for Republican states with far smaller damage claims.

International Business Times UK

Trump administration warns election officials: Comply or face arrest

President Donald Trump’s administration is threatening to withhold some federal funding from states that don’t make changes to voting practices

The Independent UK

Swiggy's foreign shareholding falls below 50%: What it means for investors

Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial…

The Economic Times

Flooding Rain Triggered a New Jersey Store Roof Collapse and Left Drivers Stranded in Rising Water

Heat wave broke Monday with flooding across NYC, Philadelphia, and NJ. A BJ's roof collapsed in Ocean Township. Two people briefly trapped. Flash flood warnings active now.

Medical Daily

FBI seized more than 600 drones flying over World Cup games in US cities

Agency says drones had been caught across all 11 US host cities in restricted airspace since tournament began

The Guardian - US

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International Business Times

Extreme Heat Alerts Span Over 200 Million Americans As A Massive Heat Dome Builds Over The US. Yet The Country Still Lacks A Federal Framework To Treat Heat As A Disaster.

Extreme heat deaths in the United States have nearly doubled since 1999, with 2,394 Americans killed in 2024 — yet federal disaster law has never declared extreme heat a major disaster, leaving FEMA unable to deploy its full toolkit even as a Fourth of July heat dome places 200 million…

Kiplinger

Is Home Insurance Pricing Retirees Out of the American Dream?

Homeowners insurance is a national crisis — and retirees are hit especially hard.

The Independent UK

Nine years after Hurricane Maria, Puerto Rico is still waiting for help

Lawmakers have released a federal audit that found that only 25% of some $14 billion in federal funds obligated for Puerto Rico’s power grid after Hurricane Maria razed it almost a decade ago has reached the U.S. territory

The Economic Times

FEMA rules revision: Exporters flag at least half-a-dozen worries

Indian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liquidity. Key concerns include a contraction in export credit, a proposed restriction on future exports for delayed payments and procedural hurdles in merchanting trade and the EDPMS system.

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International Business Times UK

Proposal to Dismantle DHS Gains Momentum as Lawmaker Says Department Has Been 'Weaponised'

Rep. Delia Ramirez is drafting legislation to dismantle the US Department of Homeland Security, aiming to protect agencies like CISA and FEMA from political influence and resource deprivation.

The Economic Times

Rajesh Exports under ED lens after probe finds missing records and Rs 3,000 crore opaque transactions

The Enforcement Directorate has uncovered significant suspected violations of the Foreign Exchange Management Act (FEMA) during searches at Rajesh Exports Ltd (REL) premises. Investigations revealed missing records for overseas transactions, approximately Rs 3,000 crore in unclear trade settlements, a substantial stock discrepancy, and allegations of share manipulation involving offshore entities.…

The Independent UK

No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas

Many homeowners hit by devastating Michigan floods had no insurance and no idea they were at risk — underscoring vulnerabilities throughout rural America as climate change causes more extreme weather

The Economic Times

NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit card

For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.

The Economic Times

ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactions

The Enforcement Directorate has initiated a FEMA probe into five companies located in Bengaluru for their alleged involvement in unauthorized cross-border transactions amounting to Rs 2,500 crore through cryptocurrency. Investigations uncovered significant regulatory evasion via online ads promoting immediate fiat-to-crypto swaps and the establishment of shell companies. Consequently, the ED…

The Economic Times

NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment

NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in their country of residence, avoiding double taxation.

The Independent UK

Trump’s FEMA nominee promises ‘objective’ approach to disaster aid

His pledge comes as he seeks to take the helm of an agency that has faced threats of dismantling from the administration

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