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New energy label norms: Five-star refrigerators to cost Rs 6,000 more, says CEAMA

New energy label norms: Five-star refrigerators to cost Rs 6,000 more, says CEAMA

Finance
New Delhi: The new energy labelling norms, which will be effective from January next year, are expected to make manufacturing of five-star refrigerators costlier by up to Rs 6,000, industry body CEAMA said. The labelling guidelines will mandate the manufacturers to shift to vacuum panels from the traditional foams for cooling for the five-star range of refrigerators, which will be a challenge for the industry, the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said. The Star Rating label change for compressor-based products like room air conditioners (RAC) and refrigerators by the Bureau of Energy Efficiency (BEE) would be effective from January 2020 and both frost free and direct cooling are changing to one star. Now with this change, it will be difficult for the ...
Botching this decision could cost you your retirement savings

Botching this decision could cost you your retirement savings

Finance
Sean Murphy | Stone | Getty ImagesIf you're taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake.Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according to a new survey from Alight Solutions.The employee benefits provider polled 240 employers in March."As we see more and more boomers retiring – these people who really developed their nest egg in the 401(k) — we see more installment payments and partial distributions offered," said Rob Austin, head of research at Alight Solutions.In addition to giving workers a lump sum, close to 80% of employers also allowed a partial distribution and 3 out of 4 companies permitted departing workers to take installment payments fro
Those weekly splurges cost $7,400 extra annually. Here are the biggest budget busters

Those weekly splurges cost $7,400 extra annually. Here are the biggest budget busters

Finance
Sticking to a household budget is apparently difficult. As in, really difficult.While 74% of people say they have some sort of budget, 79% don't stick to it, according to new research from SlickDeals.net, a crowd-sourced shopping platform. The average weekly amount consumers spend — not counting bills such as mortgage or rent, utilities, etc. — is $ 340, or $ 143 more than the average $ 197 budgeted. That equals overspending by about $ 7,400 each year."The struggle with overspending exists regardless of how much people earn," said certified financial planner Josh Nelson, founder and CEO of Keystone Financial Services in Loveland, Colorado. "I've heard 'I don't know where all the money goes' from people who make a gazillion dollars and from poor college students and everyone in between."Geb
Championship results: Leeds and Swansea go top of the table, West Brom strike late against Reading and Jack Butland howlers cost Stoke City

Championship results: Leeds and Swansea go top of the table, West Brom strike late against Reading and Jack Butland howlers cost Stoke City

Sports
It was another frantic night of action in the SkyBet Championship, with Leeds United and Swansea City moving to joint-top of the table after respective wins. Here’s how the action played out from England’s second-tier. Getty Images - Getty James McClean had a typically eventful evening for Stoke City at Deepdale Leeds United 1-0 Brentford Getty Images - Getty Eddie Nketiah is already a huge fan favourite at Elland Road Eddie Nketiah made a name for himself at Elland Road by coming off the bench and netting a late winner as Leeds returned to the top of the Championship with a 1-0 victory over Brentford. With former Arsenal striker Ian Wright watching on from the stands, the Gunners loanee was sent on for his Cha
Cancer deaths in the U.S. cost $94B in lost earnings in 2015

Cancer deaths in the U.S. cost $94B in lost earnings in 2015

Health
July 3 (UPI) -- Cancer continues to take a high financial burden and drastic personal toll on the United States, a new study says. Deaths from cancer among people between age 16 and 84 cost the U.S. nearly 9 million years of life and more than $ 94 billion in lost earnings in 2015, according to research published Wednesday in JAMA Oncology. In all, the 492,146 cancer deaths that year averaged out to $ 191,900 in lost earnings for each death. "Years of life lost and lost earnings were high for many cancers for which there are modifiable risk factors and effective screening and treatment, which suggests that a substantial proportion of our current national mortality burden is potentially avoidable," Farhad Islami, a researcher at the American Cancer Society and study author, said in a new...