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Here’s guidance for handling taxes on Covid-related withdrawals from retirement accounts

Finance
MoMo Productions | DigitalVision | Getty ImagesThat early withdrawal from your retirement account last year may have been a life saver. Now, it's time to start paying the taxman.Most retirement savers did not take a distribution under legislation that authorized penalty-free early withdrawals amid the pandemic.However, for those who did, the majority (69%) say they either don't plan to replace any of the money they withdrew or are unable to do so, according to recent research from Principal Financial Group. Another 18% intend to repay part of their withdrawal, and 13% say they'll replace the full amount.Be aware that you're required to include at least a portion of any taxes owed on your 2020 return — which is due May 17. And depending on the tax form you received, extra steps may be requi...
Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years

Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years

Finance
The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs. The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement. Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks. Started in April 5, 2016, the scheme has benefit...
MoD secrets exposed through personal email accounts

MoD secrets exposed through personal email accounts

Technology
Secret information belonging to the Ministry of Defence was exposed to hostile states when it was transferred from secure networks to personal email accounts, Sky News has learnt.Although documents obtained by Sky News were redacted to obscure the nature of the secret information, they reveal a record number of security breaches in 2020 originating from the British military's private sector partners. The rising number of security incidents raises questions about the UK's resilience to foreign espionage ahead of the government unveiling its Integrated Review on Tuesday, which will set out the strategic direction of Britain's defence and security apparatus. The redacted documents show that a total of 151 incidents were filed with the MoD's defence industry Warning, Advice and Reporting Point...

Defying rules, anti-vaccine accounts thrive on social media

Technology
With vaccination against COVID-19 in full swing, social platforms like Facebook, Instagram and Twitter say they’ve stepped up their fight against misinformation that aims to undermine trust in the vaccines. But problems abound.For years, the same platforms have allowed anti-vaccination propaganda to flourish, making it difficult to stamp out such sentiments now. And their efforts to weed out other types of COVID-19 misinformation — often with fact-checks, informational labels and other restrained measures, has been woefully slow.Twitter, for instance, announced this month that it will remove dangerous falsehoods about vaccines, much the same way it’s done for other COVID-related conspiracy theories and misinformation. But since April 2020, it has removed a grand to...
Rashford: People behind racist abuse should have accounts ‘deleted immediately’

Rashford: People behind racist abuse should have accounts ‘deleted immediately’

Technology
Manchester United player Marcus Rashford has urged social media companies to take stronger action to stop racist abuse, telling them to immediately delete the accounts of those responsible.The England forward was subjected to online racism following United's 0-0 draw at Arsenal a fortnight ago, comments he described as "humanity and social media at its worst". And that came amid widespread racist abuse for several high-profile players in both the men's and women's game. Please use Chrome browser for a more accessible video player Chair of Kick It Out Sanjay Bhandari responds to Marcus Rashf...