Taxation plays a very important role in the returns generated by your investment and so you should know how the investment is taxed before you choose one. We list down the most common investments and how they are taxed? Fixed Income/Debt Investments: 1. Saving Bank Account: Interest earned in Saving bank account up to Rs […]
Archives for 2020
Visa to buy fintech startup Plaid in a $5.3 billion deal
Visa said on Monday it agreed to buy privately held software startup Plaid in a $5.3 billion deal that will boost the payments giant’s access to the booming financial technology space. The transaction highlights how traditional financial firms are willing to pay top dollar to acquire businesses which have established strong positions servicing the digital […]
Flipkart tightens returns policy on rising frauds
Consumers buying winter fashion and lifestyle products on Flipkart will get less time to return products as the Walmart-owned e-tailer is tightening its returns policy. Flipkart is reducing the returns window for the segment to 10 days, from 30 days earlier, suspecting fraud orders by consumers, resulting in a ‘drastic rise’ in returns. Flipkart has […]
More e-tailers doing away with OTPs
Many e-commerce platforms and mobile apps are set to do away with the second-factor authentication of one-time passwords (OTPs) for regular customers on payments up to Rs 2,000, making online transactions quicker and smoother. Flipkart has already done so, and others like Swiggy and ride-sharing apps are about to follow. A key driver for this […]
RS panel suggests system to prevent online abuse of kids
Representative Image A dedicated mechanism to deal with online sexual crimes on children and changes in the definition of ‘child pornography’ under the Protection of Children from Sexual Offences (POCSO) Act are some of the recommendations that a panel of MPs looking into the impact of child pornography is likely to have suggested. The panel […]
India orders antitrust probe against Amazon, Walmart’s Flipkart
India’s competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers. In its order on Monday, the Competition Commission of India said it “is of the opinion that there exists […]
Why clients should wait to pay off their mortgage in retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Should clients pay off their mortgage before they retire?Seniors don’t need to eliminate their home mortgage before they retire to secure their retirement, according to this Yahoo Finance article. That’s because investing the money could mean better returns than […]
Who is Accountable?
Eric Peters wrote a masterpiece this weekend… *** “I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States […]
Microsoft CEO Satya Nadella wants India to be a place where immigrants prosper
Microsoft chief executive Satya Nadella said his hope is for an India where an immigrant can aspire to found a prosperous startup or lead a multinational corporation benefitting the Indian society and the economy at large. Nadella’s comment came after ET sought his response to a tweet by BuzzFeed News editor-in-chief Ben Smith, who said […]
Muncie City finances: $3 million in negative balances start off 2020 accounting concerns – The Star Press
CLOSE EDITORS NOTE: This article is the first in a series of five stories this week on Muncie city finances and accounting practices. After exploring the topic with city administration, The Star Press is breaking its stories down in an easier-to-understand way with multiple articles this week. This story has been updated with more recent figures from […]