How to lose a technology cold war: Restrict visas

Last week, China’s education ministry issued a warning to students: if you’re thinking about studying in the United States, you might want to think again. Citing a rise in visa delays and refusals, officials called on students to adjust their “risk assessment” of pursuing an American education. While it might be tempting to dismiss the statement as a propaganda ploy amid a deepening trade conflict with China, the fact is that the Trump administration has taken steps that restrict Chinese students and researchers from coming to the United States, putting the…

Read More
Uncategorized

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…

Read More
Uncategorized

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…

Read More
Uncategorized

Most of the ocean floor is a mystery, but this technology could help map it

The numbers are startling: According to even the most generous estimates, more than 80 percent of the world’s oceans are totally unmapped. The average ocean depth is nearly two and a half miles, and oceans cover 70 percent of the planet. Do the maths and, in terms of total volume, 99 percent of Earth’s biosphere is essentially unknown. We think we’ve explored our planet, but those statistics are sobering. Topographically, we know more about the moon than we do about Earth. The math is about to get a little brighter,…

Read More
Uncategorized

Tencent’s latest education push is a nod to new collaborative structure

When Tencent announced it had formed a new education brand this week, the internet giant wasn’t just flexing its muscles to conquer China’s booming online education sector. The new initiative is also an early result of Tencent’s long plan to foster more internal collaboration at a time when its core businesses, the lucrative video gaming segment and the billion-user WeChat,  are under attack. Called “Tencent Education,” the new brand consists of 20 products across all six of the firm’s business groups, announced executive senior vice president Dowson Tong at the company’s annual…

Read More
Uncategorized

Lifehacker Is Hiring a Personal Finance Writer

Do you have a black belt in salary negotiation? Are you in possession of more airline miles than everyone you know combined? Would your opinions on student loan payoff plans be considered “fascinating dinner party conversation”? Could you retire next year but would prefer instead to work in a very cool job explaining the finer points of personal finance to an audience of millions? Then we want to hear from you. Lifehacker has an immediate opening for a staff writer specializing in personal finance. This is full-time position with competitive salary…

Read More
Uncategorized

Austin Adventures: A Passion For Family Travel

v The Austins. From left, Kasey, Dan, Andy and Carol AUSTIN ADVENTURES Dan Austin has a passion for family travel. That’s true not only of the trips he’s been offering for over two decades at Austin Adventures but in the very company he’s created. It’s a bona fide family business with his wife and two grown children, born from his adventures with them along the way. Austin Adventures takes people on hiking, biking and multisport adventures around the world, in South and Central America, Europe, Africa, and Asia. They were once known…

Read More
Uncategorized

How technology plays a critical role in transforming healthcare in India

Perhaps now more than any other time in our history, we are realising the importance of technology in social service delivery, and its role in enhancing the general quality of life. Growing up in India, where the majority has minimal access to basic public amenities like healthcare, one develops an appreciation for the value of enabling such technologies that assist and scale service delivery in the context of developing countries. Technology can be transformative in delivering healthcare services, where the density of doctors is one per 1,000. A strong imbalance…

Read More
Uncategorized

Small finance banks start on a strong wicket: ICRA

Mumbai: Rating agency ICRANSE 3.23 % expects small finance banks (SFBs) to grow at a compounded annual growth rate of 25% to 30% led by diversified loan growth, deposit mobilisation, improving asset quality and better return on equity. The rating agency estimates that SFBs would require external capital of Rs. 4,000-6,000 crore till FY2023 for meeting the growth requirements, part of which will come through IPOs. ICRA estimates that SFBs have reported an annualised growth of 33% in the assets under management (AUM) in 9M FY2019 to Rs. 64,325 crore. These banks have been able…

Read More
Uncategorized

An MBA or a master’s in finance? Breaking down the debate dollar by dollar

It’s a question that elicits plenty of responses with seemingly nothing close to a consensus answer. Some believe that a master in finance has trumped a two-year business degree as the key qualification for getting a front-office job in banking or other high-paying roles in financial services. Others still see an MBA as the bigger differentiator. The truth is, judging simply by the numbers, it’s all about how much time and money you are willing to invest upfront. An MBA requires a much bigger down payment in all aspects, but…

Read More
Uncategorized