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Family finance: Salaried Pendse has enough time to reach financial goals

His goals include building an emergency corpus, saving for his spouse’s business, child’s education and wedding, taking a vacation, and retirement.




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Family finance: Why Sharma will reach his financial goals with ease

Financial Planner Pankaaj Maalde suggests that Sharma build an emergency fund of Rs 5.1 lakh, which is equal to six months’ expenses, and a medical buffer of Rs 10 lakh for his mother. Here's what his financial goals include.




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Has coronavirus pushed your goals further away? Take this SWOT test to find out

No investment portfolio would have escaped the impact of coronavirus and the consequent financial troubles. Analyze the strengths, weaknesses, opportunities and threats in your financial plan in the following quiz and find out where you stand and what you need to do.




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Why you should keep financial assets organised and listed while you are alive

We can do a lot without spending money, and money well spent can do a lot. Let your money help you and those around you live better. Rather than lying meaninglessly in expired bonds, unaccessed PPF accounts, unused vases and unworn dresses.




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Lockdown impacting your income? Do this now so that your future money goals are safe

Incomes of many people, especially those who are self-employed, have been impacted due to the lockdown. To help you through these tough times, here is how you can cut down on current expenses so that your future goals are not at risk.




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Is Covid hurting your job? Find out how to manage your career and protect your finances

In India, the total number of jobs likely to be impacted is 136 million, as per the NSS.




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Four ways to review and modify asset allocation in mutual funds

As the financial markets scenario is changing, it is important to review and modify (if needed) the existing asset allocation. However, before going ahead, you should consult your financial advisor.




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Sunday ET: Labour laws: Indians in Gulf forced to return or look for greener pastures

Back home, the workers are looking to start afresh. Their best bet seems to be rehabilitation packages.




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9 more NRI police stations being set up in Punjab

Punjab Minister for NRI Affairs Bikram Singh Majithia said they were being set up keeping in view the demand for more such police stations by the NRI community.




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Weak currency makes Asia-Pacific cities cheaper for expats: Survey

In India, Mumbai has emerged as the most expensive city for expatriates and was ranked 118 in the Index. Last year Mumbai was ranked 114th on the list.




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1.34 lakh Indians return, government watching situation in Saudi Arabia

Asked whether Indians are being targeted abroad, Overseas Indian Affairs Minister Vayalar Ravi said, "One cannot make such a general statement."




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Fresh drive to help illegal Indian workers in Saudi Arabia

The number of Indians who left during the grace period till October-end is 1,34,281, the Indian Embassy here said in a statement.




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New customs form for passengers coming to India from tomorrow

All passengers coming to India will have to fill in a new detailed customs form on their arrival from tomorrow.




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Indian students with foreign degrees returning home: Lessons India can learn from China

High costs, poor job prospects and wrangles over work permits are persuading a host of Indian students with foreign degrees to return home.




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Over 3,500 Indians back from Iraq in last 30 days

There were about 10,000 Indians before the start of the serious strife between government troops and Sunni militants backed by al Qaeda in Iraq.




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Growing trend: NRIs return home to work as economy surges

The trend of Indians returning from abroad to work here has picked up pace with the recovery in the country's economy.




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1700 Indian workers arrested or deported from Kuwait: Government

The minister said the government has already set up an Indian Workers Resource Centre in Dubai and will set up two more in Saudi Arabia and Malaysia.




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India to evacuate nationals from South Sudan

South Sudan's capital is witnessing heavy fighting due to clashes between former rebels and government soldiers in several parts of the city.




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NRI body seeks rehabilitation package for returnees

The meeting also decided to explore possibilities of setting up an industrial complex in Maharashtra to rehabilitate returnees, Pallykandi said.




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4870 Indians return from Saudi after job-related issues: Government

V K Singh said presently, a section of Indian workers facing difficulties in two major Saudi companies -- Saudi Oger and the Saad Group -- are being brought back to India.




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20,000 Indians to return from Saudi Arabia via amnesty scheme

Around 1,500 blue collar workers from Tamil Nadu are among those who are using the amnesty to come back to the country.




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Why children of H-1B workers may now have to leave America

The United States Citizenship and Immigration Services receives about 1,00,000 green card applications from high-skilled applicants of Indian origin every year.




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Mahindra unveils online car buying platform

The company in its statement said that in 4 steps, a customer can avail of online exchange, finance and insurance, personalize & own their chosen Mahindra vehicle.




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Paytm Payments Bank crosses Rs 600 crore in fixed deposits

"During this period of volatility in other asset classes, a large number of PPB bank account holders are moving their savings into fixed deposits during the ongoing lockdown," stated Paytm Payments Bank.




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Franklin Templeton Mutual Fund apologises unconditionally to Sebi

The fund house claimed that media outlets quoted its CEO Jenny Johnson out of context.




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Sony cuts television prices up to 20% to spur demand during Covid-19

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.




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PMSes thrilled rich investors in April with up to 26% returns

Almost all the 147 PMSes delivered positive returns to investors during the month.




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Exide Life's term policy sales jump 200% in April due to COVID-19: COO

However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent.




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10-year benchmark bond yields fall 14 bps more this week to hit levels last seen in 2009

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.




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MF SIP flows slow, equity fund flows halve; liquid funds boost debt AUM

Amfi data released on Friday showed SIP inflows fell 3 per cent to Rs 8376.11 in April.




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​Debt, hybrid mutual funds see large outflows in April; advisors blame Franklin fiasco

The Franklin Templeton Mutual Fund fiasco seems to have hit the debt mutual fund space very hard. The data released by Association of Mutual Funds in India or Amfi reveals that most debt mutual fund categories have witnessed outflows in the last month.




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Union Bank of India cuts MCLR by up to 15 bps across all tenors

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.




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PNB Housing Finance cuts retail lending rates by 15 bps for existing customers

"We have decided to take this initiative to help our customers to overcome this pandemic and drive growth in the housing sector. With this, over 2.35 lakh of our customers will be positively impacted irrespective of their base loan amount," PNB Housing Finance Managing Director and CEO Neeraj Vyas said.




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Lockdown period not to be counted for determining residency status of NRIs, foreign nationals: CBDT

India has allowed discounting of prolonged stay period for determining the residency status in relief for NRIs.




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Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax

In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.




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YES moratorium: Credit firms can retain ratings of borrowers who couldn’t pay in March

The non-state lender on its part is not reporting such customers to these institutions.




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Young working professionals to cut down expenses as post-Covid world brings uncertainty, job loss

Categories like essentials, at-home entertainment, health and insurance continue to show greater resiliency.




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Political Praxis

If rulers can change the law to suit themselves, the rule of law does not exist, even if the laws are applied uniformly to the rest of society.




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Market Trends

Major shifts in the composition of the S&P 500 since the mid-1990s have led to a higher aggregate profit margin for the index.




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Patient Issues

The brain gives us two ways to evaluate experiences like suffering — how we apprehend such experiences in the moment and how we look at them afterward.




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On Tax Design

The first step to implementing a better system is to out the stateless income gamers, whether US or foreign-based.




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Capital Issue

While the free flow of international capital has many benefits such as reducing the cost of capital, increasing investment and economic growth




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Managing data sets

Global enterprises will be able to use big data sets to generate business hypotheses around innovation and new value creation.




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On Smart Strategy

The smart, connected products — made possible by vast improvements in processing power and device miniaturisation and by the network benefits of ubiquitous wireless connectivity — have unleashed a new era of competition.




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Smarter Gadgets

Despite all the interest in eye-catching designs, cognitive science suggests most opportunities for the IoT will arise by creating useful offerings.




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The Power of Ideas

Most of us are a lot like those monkeys. On the upside, we learn from one another, we don’t let down our mates, and we get along.




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On Social Change

It’s incumbent upon every married woman to quickly bear a son.… She could be dismissed as a dokhtar zai, or ‘she who only brings daughters’.





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Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director

Apart from Paranjpe, HN Motiwalla, Rammohan N Bhave and Thomas Panamthanath are other independent directors of the company while TC Suseel Kumar is a nominee director on the board of LIC Mutual Fund Trustee.




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"Change law that mandates 120 days' stay in India to qualify as NRIs"

A law requiring 120 days' stay in India to claim Non-Resident Indian (NRI) status needs to be changed, an association representing NRIs has demanded, citing economic disruptions due to the coronavirus pandemic.