India will start issuing online degrees at top 100 educational institutes, Finance Minister Nirmala Sitharaman announced during her Budget speech. This step could boost educational technology startups including Eruditus, Coursera and upGrad. Sitharaman said that in order to provide quality education to students of deprived section of the society as well as those who do […]
Archives for 2020
Factbox: Airlines suspend China flights because of coronavirus outbreak
(Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people. Here is the latest on their plans (in alphabetical order): AIR CANADA (AC.TO) Air Canada said on Jan. 28 it was cancelling select flights […]
Govts launch rewrite of global tax rules
The rise of Amazon, Facebook and Google has strained existing rules to breaking point because big tech companies can book profits in low-tax countries like Ireland no matter where their customers are located. Reuters | February 01, 2020, 07:45 IST
Anand Mahindra fetes new IBM CEO Arvind Krishna, like a boss!
Being an Indian and making it big in the field of technology is no mean feat to accomplish. Joining the ranks of Satya Nadella, Sundar Pichai and Shantanu Narayen is Arvind Krishna who has been appointed the new CEO of American MNC IBM. Indian Twitter celebrate Krishna’s achievement, however, it was Anand Mahindra who ended […]
Why Gen X is the least prepared for retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Gen X is less prepared for retirement than they were 2 years agoAmericans’ retirement readiness has improved, with the percentage of the income they need to retire increasing to 83% from 62% in 2006, according to a survey by […]
Spirit AeroSystems CFO resigns amid accounting probe | Article – Compliance Week
Jose Garcia, senior vice president and chief financial officer, and John Gilson, vice president, controller and principal accounting officer, each tendered their resignations, the company announced Thursday. The company has appointed Mark Suchinski as senior vice president and chief financial officer and Damon Ward as interim controller and principal accounting officer, effective Jan. 29. The […]
LPL rolls out more affiliation options after record recruiting
After adding nearly 400 new advisors this year to reach nearly 16,500, LPL Financial is aiming even higher. A multi-pronged approach of attracting and accommodating advisors will drive LPL Financial’s strategy in 2020, according to Dan Arnold, CEO of the nation’s largest independent broker-dealer. After announcing record recruiting and organic asset growth for 2019 in […]
Electronic filing mandated for Sec. 501(c)(3) applications
The IRS announced Friday that, effective Jan. 31, 2020, applications for tax-exempt status under Sec. 501(c)(3) must only be submitted electronically (Rev. Proc. 2020-8). Taxpayers will no longer be able to file Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, on paper, but must complete and submit the […]
Weekend Reading for Financial Planners (Feb 1-2)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that TD Ameritrade anticipates most advisory accounts will not need to be re-papered in its prospective merger with Schwab… even as the merger itself is now potentially delayed while the Department of Justice begins an […]
SEC proposes simplifying disclosure requirements
The SEC voted to propose amendments designed to simplify and enhance certain company financial disclosures and issued guidance on key performance indicators and metrics in management’s discussion and analysis (MD&A). Item 301 (selected financial data) and Item 302 (supplementary financial data) would be eliminated from Regulation S-K under the proposal. Meanwhile, Item 303 would be […]