Video PlayerClose WASHINGTON, Dec. 4 (Xinhua) -- A survey showed that American consumers thought their biggest financial blunder was not saving enough, according to a report released by Principal Financial Group on Tuesday. Some 22 percent of surveyed consumers in the United States cited their "biggest financial blunder" in 2018 as not saving enough, according to the report from Principal, an investment and insurance corporation on the Fortune 500 Companies list. Meanwhile, not budgeting properly, taking on more debt, spending outside their means and accumulating credit card debt were also among the top financial blunders in American consumers' minds, according to the survey. "There's no one-size-fits-all magic bullet for spending versus saving. However, the more we can think about spending and saving instead of spending or saving, the better off people will be," said Jerry Patterson, senior vice president of retirement and income solutions at Principal. The survey covered 1,004 U.S. … [Read more...] about Americans see lack of saving as biggest financial blunder: survey
Changes in credit cards
The Korean tech giant started handing out devices to reviewers shortly before a planned release in April but took them all back after a number of phones started quickly displaying faults that rendered them essentially useless. RELATED: Galaxy Fold faces second major setback Many of the issues are believed to have been caused by the removal of a plastic film that’s designed to protect against damage. Making this film harder to remove was one of the changes made by Samsung ahead of the re-release. The Galaxy Fold was unveiled in February.Source:AFP Others included closing gaps that allowed dust and debris to get in and wreak havoc and strengthening the phone’s folding hinge. The overhauled Fold was released in Korea on September 6 and is set to go on sale in the US today at a wallet-clenching $US1980 ($A2930). But the overhaul doesn’t appear to have fixed all of the problems. After just one day with the new Fold, TechCrunch hardware editor Brian Heater reported the … [Read more...] about Samsung’s folding phone repeats embarrassing fail that forced it to be pulled from earlier release to fix
In saying that “ profit maximisation is not the objective of the government, the National Digital Communications Policy (NDCP) had finally addressed a long standing demand of the private telecom operators, as it acknowledged that rationalisation of taxation structure could foster growth of the sector, the chairman of the telecom regulatory authority of India”(Trai), RS Sharma said at the ET Telecom India Mobile Conclave. The Trai chairman was referring to the NDCP policy approved by the government last year, which aims to create four million jobs and draw a whopping $100 bilion worth investments into the telecom sector by 2022, apart from boosting the sector’s contribution to GDP to 8% from current 6%. Elaborating on the point, Sharma highlighted, "the industry has been saying that it is highly taxed, and, we at the Trai in the past have given certain suggestions to rationalise the tax structure, but now these fundamental statements have been articulated by the … [Read more...] about Rationalisation of telecom levies will propel investments: Trai Chairman
The attempts to unearth the document started getting more and more frantic.Rediff.comDo you know that feeling, when at the nail-biting climax of a cricket match or a mystery murder film, the cable signal suddenly goes or the WiFi (in the old days it could have been the electricity) and you are left contemplating a dead, blank screen, as your adrenaline drains out through your toes? The Blank Screen Phenomenon happened this Monday, August 7, at the Sheena Bora murder trial, unfolding at south Mumbai's sessions court, in CBI Special Judge Jayendra C Jagdale's Courtroom 51. Accused No 1 Indrani Mukerjea's defence lawyer Sudeep Pasbola had been cross examining Shyamvar Rai, the Mukerjeas' driver and now approver. Like Friday, August 4, the feisty advocate bombarded Rai with exacting question after exacting question, which Rai answered with his stockpile of now-predictable "yaad nahin"s. Net result: Pasbola was slowly constructing a picture of a bumbling driver, who neither knew the roads … [Read more...] about Where did the statement vanish?!
Most of the changes rationalise earlier rules The income tax department recently changed the regulations that require individuals to quote their Permanent Account Number for certain high-value transactions. The rules, applicable from January 1, rationalise the earlier law and benefit taxpayers in many ways. Says Tapati Ghose, partner at Deloitte Haskins & Sells: “The government has upped the limit for some transactions that needed individuals to quote PAN and also brought in some more high-value transactions under its ambit.For example, earlier when a person purchased property worth Rs 500,000 or more, quoting of PAN was mandatory. It is now Rs 10 lakh (Rs 1 million). Also, one doesn’t have to quote PAN for deposits above Rs 50,000 in post office savings bank accounts. Ditto with new telephone or mobile phone connections. Earlier, hotel and restaurant bills above Rs 25,000 needed PAN for payment through any mode. Now, only cash payments exceeding Rs 50,000 need PAN. The … [Read more...] about Why taxpayers need not worry about tighter PAN norms