State-owned Indian Railway Finance Corporation will open its initial public offering for subscription on January 18 and the same will close on January 20. This will be the first IPO in 2021. Indigo Paints is scheduled to launch its IPO in the latter part of the coming week. The book running lead managers to the issue are DAM Capital Advisors, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets. Here are 10 key things you should know before subscribing the issue: 1) Public Issue Details The dedicated market borrowing subsidiary of the Indian Railways will launch initial public offering of up to 1,78,20,69,000 equity shares.…
Learn more →

HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in the street traffic has been affecting core shopping districts everywhere. In addition, under the “Anti-epidemic Fund”, the Innovation and Technology Commission (ITC) launched the ” Distance Business (D-Biz) Programme subsidy. Increasing number of large and medium-sized enterprises have turned to the online market, setting up websites and opening online shops, in an effort to open up online sales channels to recover some of their businesses during the epidemic. As many companies are not familiar with website technology, website optimization and SEO promotion are often ignored.…
Learn more →

Advertisement Continue reading the main story Eric Adams and Scott Stringer, two of the best-known candidates, continue to far outpace the rest of the Democratic field in raising money. Eric Adams, the Brooklyn borough president, left, has raised the most money so far in the New York City mayor’s race.Credit…Hiroko Masuike/The New York Times Published Jan. 15, 2021Updated Jan. 16, 2021, 7:59 p.m. ET For several months, the New York City mayor’s race seemed to revolve around two presumed front-runners: Eric Adams, the Brooklyn borough president, and Scott M. Stringer, the city comptroller. The two Democrats had name recognition, ties to party leaders and established bases of political and financial support.…
Learn more →

By almost any metric, the Trump administration has taken extraordinary measures to help the president’s businesses profit during his four years in office. The administration pushed to hold the G7 summit at President Trump’s private club and the President himself visited one of his own properties on approximately one out of every three days he’s been in office. But the striking thing, based on the limited information we have about the inner workings of Trump’s company, is how little these moves helped the profitability of the business itself. “They were already in trouble,” Robert Maguire, research director of watchdog organization Citizens for Responsibility and Ethics in Washington (CREW), told Yahoo Finance.…
Learn more →

Advertisement Continue reading the main story DealBook Newsletter President-elect Joe Biden’s $1.9 trillion economic plan will run up big debts. Jan. 15, 2021 ImagePresident-elect Joe Biden isn’t worried about deficit spending, for now.Credit…Amr Alfiky/The New York Times President-elect Joe Biden unveiled his $1.9 trillion economic rescue plan yesterday, an ambitious package of bigger direct payments to Americans, extra funding for coronavirus vaccine distribution and more. The move is a bolder response than the Obama administration’s to the 2008 financial crisis — even if it runs up debt to dizzying levels. What’s in the proposal: $1,400 direct payments, a $15 per hour federal minimum wage and more generous unemployment benefits. $400 billion to combat the pandemic directly, including accelerating vaccine deployment and reopening most schools within 100 days of passage.…
Learn more →

“This time last ye…..” A slow, reflective pause halted my flow before the realisation hit me. “Oh, no. It was 2019. Where did last year go?” My wife and I were sat enjoying a drink in the kitchen last Saturday night (it’s all very rock n’ roll, chez Sharkey) when I was about to recall a hugely enjoyable visit to France we made in January 2020 before remembering that it actually took place the year before. ‘A senior moment’ was how my smiling better half described this temporary display of forgetfulness which I instantly sought to remedy by taking another gulp of red wine… If, like me, you’re over 50, you’ve probably experienced similar episodes of absent-mindedness, an early reminder, perhaps, that we’re getting a little older.…
Learn more →

Although the commuted pension (lump sum) received from the National Pension System (NPS) by senior citizens is tax-exempt, they still need to pay tax on annuity or pension received on a monthly or yearly basis, said PFRDA chairman Supratim Bandyopadhyay, in an interview with Mint. MORE FROM THIS SECTIONSee All Yes Bank launches wellness themed credit card 2 min read . 09:17 AM IST Annuity should be tax-free for seniors: PFRDA chief 2 min read . 06:14 AM IST Five things you must know while transferring a car loan to another lender 3 min read . 13 Jan 2021 Get a US bank account on Indian passport sitting at home 2 min read .…
Learn more →

Senior citizens special fixed deposit scheme were introduced amid the coronavirus pandemic to safeguard the interests of senior citizens as the interest rates were falling rapidly. State Bank of India (SBI), HDFC Bank and ICICI Bank have extended the scheme till 31 March 2021. Let’s take a look at the senior citizens special FD scheme interest rates offered by SBI, ICICI and HDFC Bank. SBI special FD scheme for senior citizens MORE FROM THIS SECTIONSee All Five things you must know while transferring a car loan to another lender 3 min read . 13 Jan 2021 Get a US bank account on Indian passport sitting at home 2 min read .…
Learn more →

SBI report said that “Government has an excellent scheme for senior citizens. Under the Senior Citizens Savings Scheme (SCSS), a senior citizen can deposit Rs 15 lakh. However, the interest on the Scheme is fully taxable which is a major drawback of this scheme. We propose a full tax rebate of this interest income”. Image: Pixabay SBI economists in a report have suggested that Senior Citizens Savings Scheme should be made tax-free by the government in the February 1, 2021, Budget. A higher tax-free interest income limit from deposits by senior citizens, it also suggested. SBI report said that “Government has an excellent scheme for senior citizens.…
Learn more →