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Vol. I · No. 10Sunday, 4 October 2026Printed 9:25 AM IST

Frosty’s Ledger

All the news that’s free to read

‹ Previous edition20 publishers · 2,274 stories read · 88 printedAll editions
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World

Why is Trump redirecting $2 billion into $90 Medicare checks, and who qualifies for the payment?

President Donald Trump has announced one-time $90 payments for more than 20 million Medicare Part B enrollees. The White House says the money will come from the Medicare Improvement Fund, which has about $2 billion available.

ET·BusinessLine·Reuters·Fin. Express4 papers

World

'Hero for the world': Netanyahu invites PM Modi, Flydubai pilot Machchhar to light celebratory flame on Independence Day

Israeli Prime Minister Benjamin Netanyahu invited Indian pilot Smit Machchhar and PM Narendra Modi to light a flame on Israel's Independence Day after Machchhar thwarted an alleged terrorist attack on a Dubai-Tel Aviv flight.

Mint·ET

The Week Ahead

Times in IST
  1. Wed7OctRBI policy decisionRate call after the 5–7 Oct MPC meeting · 10 AM ISTIN
  2. Mon12OctIndia inflation (CPI)September figures · 4 PM ISTIN
  3. Wed14OctIndia wholesale prices (WPI)September figures · 12 noon ISTIN

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Economics

Liquidity operations

In the newsSebi examining position limits for non-agri contracts to boost liquidity

Besides setting rates, the RBI manages how much cash sits in the banking system: reverse repos soak up surplus cash, while repos and bond purchases inject it.

Exam angleOpen market operations: buying bonds adds bank reserves (easing); selling bonds drains them (tightening).

CA · ICAI

CA Final · Financial Reporting

Leases on the balance sheet

In the newsAdani Airports To Begin Redevelopment Of Mumbai Airport's Terminal 1B North Section

Airlines, retailers and hotels lease much of what they use. Under Ind AS 116 almost every lease shows up as an asset and a matching liability.

Exam angleThe lessee books a right-of-use asset and a lease liability. Rent becomes depreciation plus interest, which lifts EBITDA.

CA Inter · Taxation

TDS: tax deducted at source

In the newsTCS, Infosys, Wipro shares ahead of Q2 results: Explained | What Accenture's strong earnings mean for Indian IT stocks

The payer deducts tax when making certain payments (salary, rent, fees, property purchases from NRIs) and deposits it with the government; the payee claims it as credit against their tax bill.

Exam angleMiss the deduction and the payer faces interest and can lose the deduction for that expense, on top of being treated as an assessee in default.

Markets

17 stories

Sebi to soon issue framework on Closing Auction Session; receives over 3,500 comments

Securities and Exchange Board of India will release a framework regarding changes to the Closing Auction Session mechanism. The regulator reviewed comments on its consultation paper about market timings and settlement methodology.

ET·BS·Mint3 papers

Stocks to Watch

Weak monsoon, 30%+ sales growth: 2 CV stocks to watch now

Fin. Express

Economy & Policy

17 stories

Today's financial resilience does not guarantee future stability: RBI guv

Reserve Bank Governor Sanjay Malhotra on Saturday said the resilience of the financial system today should not be taken as a guarantee against future vulnerabilities and called for continued vigilance to safeguard financial stability.

BS·BusinessLine

Companies & Deals

17 stories

World

15 stories

UAE says FlyDubai co-pilot attacked captain with cockpit's crash axe

The United Arab Emirates said on Saturday that the co-pilot on a FlyDubai flight that nearly crashed with 182 people on board attacked the captain with the cockpit's crash axe in a "terrorist attack." The UAE statement cited the attorney general as saying the co-pilot…

BS·BBC

U.S. midterm elections 2026: Are Democrats finally making a comeback in Republican strongholds? Here's what a new midterm poll shows

Democratic candidates are currently leading or closely tied in key Senate races in traditionally Republican states. Poll results indicate the economy and Trump's approval ratings significantly influence voters' decisions in these races.

ET

Technology

11 stories

Opinion

3 stories

Subscriber Desk

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