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Uber and Lyft agree to give Massachusetts drivers minimum pay
Uber and Lyft settled a legal dispute in Massachusetts, ensuring benefits for gig workers and maintaining driver classification as independent contractors, as reported by The New York Times.
Best Split ACs in India(June 2024)- Enjoy comfortable cooling with top-rated models
Choosing a Split AC in India is the perfect way to keep your home cool and comfortable during the sweltering summer months. These units offer exceptional energy efficiency, quiet operation, and various features to suit different budgets. Moreover, Split ACs are easy to install and maintain, making them a practical choice for any household. Explore our selection of top-selling Split Air conditioners in India and invest in the best unit today to enjoy powerful cooling performance.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Election Result 2024: Narendra Modi-led NDA wins world's largest elections, but there's a lot to brood over
Election Result 2024: The BJP-led National Democratic Alliance (NDA) is struggling to achieve the 400-seat target set by Prime Minister Narendra Modi in the 2024 Lok Sabha election. Falling short of the 272-seat majority mark, the BJP will need support from key allies like Chandrababu Naidu's TDP and Nitish Kumar's JD(U) to form the next government. Unemployment, inflation, inequality, farmers' protests, and concerns over a repressive government are major challenges for the new NDA coalition government.
New govt likely to vote for populism in budget
With the Lok Sabha election results hinting at a coalition government, economists anticipate a populist Budget focusing on welfare schemes for the upcoming fiscal year.
Navigating financial requirements: Essential steps for international students to study in Canada
Studying abroad offers students the opportunity to experience new cultures and gain valuable academic insights. However, financial logistics are crucial. To study in Canada, international students must demonstrate sufficient financial support for their studies and living expenses, including additional funds for any accompanying family members. From 2019 to 2021, 10% of student visa applications were rejected due to insufficient funds.
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FM Nirmala Sitaraman flags 'gigantic schemes of fiscal splurge' pledged by Congress
The Congress has promised to launch a Mahalakshmi Scheme to provide Rs 1 lakh per year to every poor Indian family as unconditional cash transfer, and write off student loans, if voted to power. It also wants to guarantee a national minimum wage of ₹400 per day, among a host of other populist pledges.
Supreme Court seeks govt response on PIL for implementation of MSP recommendations
The Supreme Court has requested a response from the government regarding a PIL urging the implementation of the M.S. Swaminathan-led National Commission on Farmers' recommendations. These recommendations propose that the minimum support price (MSP) for farmers should be at least 50% more than the weighted average cost of production. The petition also calls for negotiations under the World Trade Organization or Free Trade Agreements, considering the impact on Indian farmers' livelihoods.
Pakistan struggles with soaring inflation and widening wage disparities
The government's decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part of the latest instalment of the International Monetary Fund bailout package has exacerbated the nation's cost-of-living crisis.
Variable annuity products set to enter markets in 2-3 months
The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new rule allowing insurance companies to offer variable annuity plans with a minimum guaranteed annuity amount. This option is available under both group and individual defined annuity products, based on publicly available benchmarks.
RBI Floating Rate Savings Bonds likely to offer 8.05% interest from July 1, 2024; is it the right time to invest?
The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. It is linked to the National Savings Certificate (NSC), a small savings program offered by the Union government. The RBI Floating Rate Savings Bonds offer an interest that is 0.35% higher than the prevailing interest on the NSC. The interest rate on Floating Rate Savings Bonds is reset every six months and due on July 1, 2024. What will be the interest on the RBI Floating Rate Savings Bonds 2020 from July? Should you invest in RBI Floating Rate Savings Bonds 2020 now? Check details.
Up to 9% interest rate: Corporate FDs vs bank fixed deposits; Which offers higher interest rate?
What is a corporate FD: Similar to bank fixed deposits, corporate FDs provide interest earnings and offer flexibility in choosing the investment amount and duration. Fixed Deposits serve as a popular choice for long-term investments, particularly for older investors aiming for a secure retirement. The tenure period plays a crucial role in determining when investors will receive returns before maturity. In corporate fixed deposits, the tenure typically ranges from six months to 5 years, offering a shorter duration compared to bank fixed deposits.
Congress manifesto promises removal of 50 pc reservation cap, caste census, legal MSP guarantee
The Congress has also promised to implement reservation of 10 per cent in jobs and educational institutions for Economically Weaker Sections (EWS) for all castes and communities without discrimination.
FM: Atal Pension Yojana offers best guaranteed minimum 8 percent return
Finance Minister Nirmala Sitharaman highlighted the benefits of the Atal Pension Yojana (APY), calling it an affordable scheme with a guaranteed pension amount. The scheme has provided a competitive 9.1% return since its inception, she noted. Sitharaman emphasized that any additional pension above the assured amount is entirely for the beneficiary. The scheme's feature of automatically continuing premium payments unless the subscriber opts out is seen as beneficial, encouraging saving for retirement. Sitharaman also mentioned the government's subsidy to ensure a minimum 8% return, regardless of prevailing interest rates.
Atal Pension Yojana design best, guarantees minimum 8% return, Sitharaman says refuting Congress' charges
Finance Minister Nirmala Sitharaman strongly defended the Atal Pension Yojana (APY) against Congress accusations, emphasising its beneficial design for subscribers. She highlighted the scheme's automatic premium payment continuation feature and guaranteed minimum 8% return, countering claims of poor design. Sitharaman criticised Congress for misinformation, asserting the APY's benefits for retirement savings and proper targeting for lower-income individuals.
Trump says he has nearly $500 million in cash but doesn't want to use it to pay New York judgment
Former President Donald Trump claimed to have nearly half a billion dollars in cash on Friday, but said he would rather use it for his presidential campaign than to pay off a $454 million civil fraud judgment against him in New York. Trump vowed to fight the verdict all the way up to the U.S. Supreme Court if necessary, as the state may seize some of his assets if he doesn't pay. Trump's lawyers have been trying to excuse him from providing financial guarantees while he appeals the judgment.
Sebi wants stock brokers to use only strong bank FDs, guarantees to settle trades
The plan, yet to be finalised, would entail laying down a minimum capital or net worth and a floor credit rating criteria that banks will have to meet.
Farmers faced 10 years of 'anyay-kaal', Congress' 'Kisaan Nyay Guarantees' are answer: Party
Congress general secretary in-charge communications Jairam Ramesh claimed that of all the various "failures" of the Narendra Modi government, the "sheer incompetence and maliciousness" of the agriculture and farmers welfare ministry is among the most harmful and self-evident.
Jairam Ramesh lists major "failures" of BJP government policies on agriculture
Congress's Jairam Ramesh criticized BJP's agriculture policies, highlighting issues like high GST rates on farming inputs, failed income doubling promise, inadequate MSP increases, and crop diversification failures impacting farmers.
Masur dal portal to guarantee MSP to farmers
India is set to launch a portal for masur dal, ensuring farmers receive a minimum support price (MSP) for their produce. The initiative, first introduced for tur dal, aims to make cultivation of pulses more lucrative for farmers. The government expects India to become the world's largest producer of masur in 2023-24, with production estimated at an all-time high of 1.6 million tonnes during the rabi season.
India needs to usher in Green Revolution 2.0 to promote less water-intensive crops: GTRI
India needs Green Revolution 2.0 to promote less water-intensive crops, introduce water pricing mechanisms, and address unsustainable practices. Guaranteeing MSP for pulses and oil seeds, promoting eco-friendly farming, and negotiating with WTO are crucial steps.
Legal guarantee for MSP will make farmers drivers of GDP growth, says Rahul Gandhi
Congress leader Rahul Gandhi asserts that providing a legal guarantee for Minimum Support Price (MSP) to Indian farmers won't burden the budget but will drive GDP growth. He counters claims that MSP is financially unfeasible, citing data that the additional cost would be only 0.4% of the total budget. Gandhi emphasizes the importance of supporting farmers for national prosperity.
View: Modi govt needs to give a better deal to farmers as tear gas vs tractors fight unleashes another showdown
Farmers protest: Farmers in India are demanding that minimum support prices (MSPs) be codified as a legal right, as they fear that the government is moving towards scrapping the six-decade-old price mechanism. The farmers' revolt poses a challenge to the political establishment in an election year, as agriculture employs a significant portion of the country's workforce. The issue highlights the need for formal employment opportunities to absorb excess rural labor and reduce dependence on state resources for food supply.
Farmers protest: Is legal guarantee for MSP the best solution?
Punjab farmers demand legal guarantee for minimum support price (MSP) and implementation of the Swaminathan Committee report, zero-budget natural farming (ZBNF) practices, and determination of crop patterns. The government offers to form a committee with representation from agriculture, rural, and animal husbandry ministries.
SKM welcomes Bharat Ratna for Charan Singh, Swaminathan, slams govt for not keeping MSP promise
"SKM welcomes BJP government's late recognition of Chaudhary Charan Singh and due recognition of Dr. MS Swaminathan for their contribution to agriculture and farmers in conferring Bharat Ratna on them. While Chaudhary Charan Singh had a role in implementation of Zamindari Abolition in UP leading to ownership rights for peasantry, as the Chairman of the National Farmers' Commission, Dr. MS Swaminathan made recommendations for income guarantee to farmers," the SKM said in a statement.
States' loan guarantee more than triples since FY17 to Rs 9.4 lakh cr in FY23
The total loan guarantees extended by the 17 major states to their entities have more than tripled to Rs 9.4 lakh crore as of FY23 from Rs 3 lakh crore in FY17. This is equivalent to the entire increase in such guarantees of these states during FY2017-22, Icra Ratings chief economist Aditi Nayar said in the report.
LIC Jeevan Dhara II policy launched: New annuity plan with guaranteed income; know details
LIC Jeevan Dhara II: Life Insurance Corporation of India (LIC) has launched a new annuity plan with guaranteed income. The minimum entry age of LIC Jeevan Dhara II is 20 years and it can be purchased online at www.licindia.in and offline through LIC agents and other channels. As per LIC's press release the insurance cover is also available during the policy's deferment period.
Amit Shah launches tur dal procurement portal; sets 2027 as target to become self reliant in pulses
The registered tur farmers will have an option to sell to either NAFED/NCCF or open market, Shah said and added suppose the open market price of tur remains higher than the MSP, in that case an average rate will be arrived through a formula.
ET Explainer: How BJP’s poll promise in MP, Rajasthan may distort wheat market
The BJP's election promise to buy wheat from farmers in Madhya Pradesh and Rajasthan at Rs 27 per kilogram contradicts the central food ministry's strategy of suppressing open market prices to ensure higher procurement at the minimum support price (MSP) of Rs 21.75 per kilogram.
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