Category: Finance

Best Carry On Luggage for Business Travel

Loknath Das

If you travel for business, then a good carry on bag is a must. Currently, you’re allowed to carry bags measuring up to 9 inches deep, 14 inches wide and 22 inches high onto commercial flights with most U.S. airlines. Best Carry on Luggage for Business Travel There are plenty of different styles, brands and special features to choose from. So if you’re in the market for new carry on luggage for your business travels, here are some of the top options to choose from. AmazonBasics Hardside Spinner Luggage For…

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Finance ministry’s own division shares EC’s concerns on electoral bonds & transparency

Loknath Das

Amendments proposed that contributions received through electoral bonds be excluded from political donations act | Wikipedia The Financial Sector Reforms and Legislation Division has agreed with the EC’s view, which is that the new laws are ‘retrograde’ and need to be withdrawn. New Delhi: The Election Commission’s concerns over the transparency of electoral bonds, introduced via the Finance Act, 2017, have been supported by the Financial Sector Reforms and Legislation Division of the finance ministry. According to an RTI filed by activist Commodore Lokesh Batra (retd), an official email from the…

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Family finance: Why Pune-based Agarwals are on the right track to achieving their money goals

Loknath Das

Sahil Agarwal, an IT consultant, stays with his homemaker wife and one-year-old child, in Pune. He stays on rent, even though he has his own house, which provides a rental income of Rs 12,000 a month. Combined with Agarwal’s monthly salary of Rs 91,000, his total income comes to Rs 1.03 lakh. The household expenses amount to Rs 57,000, insurance premium accounts for Rs 4,583, and Rs 25,000 is put into investments. This leaves Agarwal with a surplus of Rs 16,417. His portfolio comprises a house worth Rs 70 lakh, cash of…

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5 personal finance lessons from biopic Sanju

Loknath Das

Sanjay Dutt’s biopic Sanju  is breaking records on domestic box office collection. This movie has decent entertainment value across age groups. Sanjay Dutt’s life story could also provide with some important personal finance lessons. Here are some of them: i. Blindly following friends’/relatives’ advice is bad In our network, we are surrounded by people who cannot be trusted. In movie it’s displayed, Sanju’s friend consumes glucose but persuades him to consume drugs. Such ‘friends’ just love your money and don’t care for you. Similarly, there are so-called well-wishers who recommend us to…

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Same-Sex Visa Win in Hong Kong Pressures Other Asia Finance Hubs

Loknath Das

Bloomberg’s Tweed looks at the implications of H.K.’s ruling to grant visas to spouses of gay expatriate workers. A landmark Hong Kong court ruling granting visas to spouses of gay expatriate workers will help fuel LGBT groups pressuring Singapore and Japan to change their policies as the global financial hubs vie for business and talent. The top court’s decision puts Asia’s premier financial hub at the forefront of the nascent movement for gay rights in Asia, where only Taiwan is in the process of recognizing same-sex marriage. Law firms and banks —…

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How fintech companies are bringing the magic of the digital frontier into finance

Loknath Das

From Kashmir to Kanyakumari, and Gujarat to Assam, fintechs, the new and trendy financial companies, have become darlings of investment angels. The odds of the fabulous and trendy fintechs beating banks are narrowing by the day. The fintech threat to the banking industry is no longer a headline. It is close to an accord. China is one of the clearest examples: Tencent and Ant Financial absorbed huge chunks of the payments market which was overwhelmed with big banks and their spaghetti-like Information Technology infrastructure. But fintechs are a new league…

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Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Loknath Das

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

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RBI to launch campaign to make public aware of central bank’s regulations, initiatives

Loknath Das

The Reserve Bank is planning to launch a full-fledged multi-media and multi-lingual campaign to create general awareness among citizens about the regulations and initiatives of the central bank. RBI’s department of communication has sought applications from advertising agencies for designing the creatives for pan-India public awareness campaign. “The campaign will be in 14 languages – Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Sindhi, Tamil, Telugu, Urdu, and English with focus on regional languages,” said the expression of interest document floated by the RBI in this regard. The media…

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Retail inflation expected to rise further, likely to cross 4% in November: Experts

Loknath Das

Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by rise in vegetable and oil prices, experts say. According to global financial services majors like Nomura, BofAML and Morgan Stanley, price pressures are likely to build further in the coming months following a cyclical recovery in the economy and rise in vegetable and oil prices. “We expect CPI inflation to rise above 4 per cent in November and stay above the RBI’s target of 4…

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UIDAI says 210 government websites made Aadhaar card details public

Loknath Das

More than 200 central and state government websites publicly displayed details such as names and addresses of some Aadhaar beneficiaries, the Unique Identification Authority of India has said. The Aadhaar issuing body added, in response to an RTI query, that it took note of the breach and got the data removed from those websites. It did not specify when the breach took place. It said Aadhaar details have never been made public from/by UIDAI. “However, it was found that approximately 210 websites of central government, state government departments including educational…

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