Andrew Yang’s Education Ideas And Plans Aren’t Bad, They’re Much Worse Than That

Andrew Yang is running for President where his policy ideas such as universal basic income are earning him a growing cadre of followers. And unlike many other candidates, Yang’s proposals are rich and detailed, which is great. Yang’s rich and detailed plans for higher education, though, are not great. They are all at once incorrect, dishonest, dangerous and likely the most hostile to higher education proposed by any candidate in a generation. In many ways, what Yang proposes for higher education would be worse than what President Trump has already done As examples, Yang supports cutting funding…

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AU Small Finance Bank gains as Edelweiss initiates coverage, sees 24% upside

Edelweiss Securities has initiated coverage on AU Small Finance Bank with a buy rating and target price of Rs 880 apiece, implying 24 percent potential upside from current levels. At 0916 hours IST, it was quoting at Rs 712, up Rs 3.85, or 0.54 percent on the BSE. The non-banking finance company continues to deliver high loan growth without any asset quality incident and 30 percent-plus asset CAGR remains plausible for an extended period, the brokerage said. It feels operating and financial leverage will continue to play through and return on average…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Family finance: Salaried Krishna needs to align investments with goals

P. Vamsee Krishna, 37 years, stays with his homemaker wife and two children, aged 10 and eight, in his own house, in Hyderabad. He is a software engineer, who brings in a salary of Rs 1.05 lakh a month. Besides his own house, for which he has taken a home loan and a top-up loan, he also has a plot of land. He is servicing the home loan and a gold loan with EMIs of Rs 19,200. His goalsinclude building an emergency corpus, saving for kids’ education and weddings, retirement, and…

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7 Hottest Online Education Startups in China

The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years. It is estimated that the scale of e-learning users in China will reach 296 million in 2020. Why is online education so popular? Comparing with traditional offline education model, online education has outstanding advantages. E-learning is flexible, convenient, and rich in resources; combining with AI, VR, AR and other technologies, it can better…

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British Airways passenger forced to travel on seat covered in dried vomit

After the carrier failed to issue an apology the man shared the photo on Twitter. A British Airways (BA) business class passenger was left feeling ‘disgusted’ when he had to travel in a 10-hour flight on a seat plastered in vomit. Dave Gildea, vice-president of a software company in San Francisco was travelling from London to Seattle when he reportedly upgraded to business class at Heathrow Airport. However, instead of having a comfortable experience, he was dismayed to see vomit all around his designated seat. The 38-year-old man said when…

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Ruby on Rails Content Management Systems for Your Website

Every web resource requires relevant content management software. That would be a number one decision to make while building a site – no matter, if you’re talking about e-commerce web resources or corporate websites. But how NOT to get lost in such a diversity of multiple CMS? We are about to provide to your attention the Greatest 5 Ruby on Rails CMS. After you check the pros and cons of those, you’ll find the one to meet your needs in the best possible way. Well, are you ready to start…

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Draft norms for ‘on-tap’ licensing of small finance banks by August end

On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. The Reserve Bank of India (RBI) will issue draft guidelines for ‘on-tap’ licensing of Small Finance Banks (SFB) by the end of August 2019 with a view to enhance supply of credit to small borrowers and encourage competition. On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. In September 2015, the RBI had…

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An open letter to finance minister Nirmala Sitharaman

Dear Madam Finance Minister, Welcome to the exciting world of finance that you have just taken charge of. I have covered this space as a beat reporter for 25 years and so I am taking the liberty to give a glimpse of this sector as I see it. First, my biases: I have a gender bias and I am truly happy that India has her first woman finance minister (the only previous instance was more a part-timer). Not just me, but even men say women bring more sincerity, honesty,  integrity…

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