Banks have told the National Payments Corporation of India (NPCI) that in the absence of fees from merchants, lenders can’t reimburse companies such as PhonePe and Google Pay that process and accept digital transactions on their behalf. At the centre of this demand is New Delhi’s decision to remove the Merchant Discount Rates (MDR) for […]
Archives for 2020
7 Best ways to Double your Money
Who does not want to double their money! But how we can do it and in how much time? In this post we tell you legitimate ways of doubling your money and the associated risk with each option. Kisan Vikas Patra (KVP) Kisan Vikas Patra or KVP is part of Post Office Small Saving Scheme […]
Walmart’s cash and carry biz may go to Flipkart
Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway. Sources said the Flipkart group, which operates Flipkart and Myntra, is […]
M&A roundup: CRI and EisnerAmper expand – Accounting Today
Details: EisnerAmper, a Top 20 Firm based in New York, has expanded in New Jersey by adding the leaders and staff members of Horvath & Giacin, P.C., effective Jan. 16. John Horvath, president and a founding member of Horvath & Giacin, is joining EisnerAmper as a partner. He founded the firm in 1989. The Pennington, […]
Trump impeachment trial: Dems use Republicans’ own words against them
House impeachment manager Rep. Jerrold Nadler, D-N.Y., is seen in the Capitol before the continuation of the impeachment trial of President Donald Trump on Thursday, January 23, 2020. Tom Williams | CQ Roll Call | Getty Images Democratic impeachment managers pushing the Senate to remove President Donald Trump from office laid out a sprawling argument […]
The problem with the 4% retirement income rule
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. The problem with the 4% retirement income ruleAlthough sticking to the 4% retirement income rule offers a layer of protection for retirees, it does not guarantee that seniors will outlive their savings, a Forbes contributor writes. While there are […]
The Pentagon’s $35 Trillion Accounting Black Hole – Yahoo Finance
According to Bloomberg’s Anthony Carpaccio, the Department of Defense made $35 trillion in “accounting adjustments” in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018. Carpaccio notes that the number “dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems […]
Leveraging Tech to Build Efficiency in Your Work
Have you ever wanted to find a quick-fix way to create more efficiency in your business? Advisers often try to use different business “hacks” to maximize their efficiency and create a scalable practice, but the truth is that using different productivity hacks likely isn’t the way to make strides in your business. Instead, focus on […]
PhonePe forays into insurance business
Walmart-owned PhonePe has forayed into the insurance business, partnering with general insurer Bajaj Allianz, in line with its long-term strategy of becoming an all-round financial service provider. The digital payments player said on Thursday that more such partnerships with a range of financial companies may be in the offing in the coming months in order […]
7 Tips for Giving Your Post-holiday Sales a Boost
For many businesses, the hustle and bustle of holiday shopping has come to a close. You’ve probably noticed a decrease in customer sales and an increase in returns and exchanges. But fear not. This just means that it’s time to give your post-holiday sales some love. With the right promotions, marketing tactics, and pricing strategies, […]