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BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 crore savings

BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 crore savings

Finance
Mumbai: The Shiv Sena-controlled Brihanmumbai Municipal Corporation has invested only Rs one crore in fixed deposit with the Axis Bank out of its investments worth Rs 6,300 crore in nine banks in January. Former Maharashtra chief minister Devendra Fadnavis' wife Amruta Fadnavis holds a senior position at the Axis Bank. Following a war of words between the Shiv Sena and Amruta Fadnavis, the private sector lender Axis Bank has in the recent past lost some salary accounts of government establishments to other banks. In January, the cash-rich Brihanmumbai Municipal Corporation (BMC) made 446 fixed deposits of amounts worth Rs one to three crore for a period of 12 to 24 months in nine different public and private sector lenders, including the Axis Bank, according to an official document. The...
Why this may be the only retirement book you’ll ever need

Why this may be the only retirement book you’ll ever need

Finance
Jane Bryant Quinn, personal finance expert and author.Jane Bryant QuinnIn an era when everyone with a checkbook fancies himself a money guru and blogger, it's refreshing to see "How to Make Your Money Last" by Jane Bryant Quinn updated and reissued.Jane eschews the typical and bland bromides, such as "eat ramen" and "save more," that often passes for financial advice these days for practical, actionable information organized by the topics retirees and those close to retirement need to grapple with and understand, such as Medicare, Social Security, pensions and more.For example, in the book she delivers a great takedown of cash-value life insurance when sold as "free" retirement income, when the reality is it's a complex, fee-laden product pitched to unsuspecting consumers who may not reco...
New tax dispute settlement scheme to involve only faceless interaction: Revenue secy

New tax dispute settlement scheme to involve only faceless interaction: Revenue secy

Finance
Settlement of disputes under the 'Vivad Se Vishwas' scheme would be wholly electronic and will not involve any physical interaction with income tax officers. Tax payers wanting to avail of the scheme only need to fill a form in their e-filing account on income tax website to apply for the scheme, said revenue secretary Ajay Bhushan Pandey. He was speaking at a post Budget interaction between the finance minister Nirmala Sitharaman, senior government officials and industry representatives in Mumbai today. The government has introduced a bill in Parliament detailing a direct tax dispute settlement scheme. The Direct Tax Vivad se Vishwas Bill, 2020 for dispute resolution related to direct taxes, proposes less payment or discounted payment for dispute settlement if the tax payer settles befor...
Jose Mourinho only took Tottenham job because he was ‘fed up of waiting for Zidane to leave Real Madrid’, Ramon Calderon says

Jose Mourinho only took Tottenham job because he was ‘fed up of waiting for Zidane to leave Real Madrid’, Ramon Calderon says

Sports
Former Real Madrid president Ramon Calderon believes Jose Mourinho only took the Tottenham job as he became ‘fed up’ of waiting for Zinedine Zidane to leave the Bernabeu. Mourinho replaced Mauricio Pochettino as boss on Wednesday in a surprise and swift managerial switch, with the Portuguese brought in to rescue Spurs’ season and take the club to the next level. His arrival has been met with a largely mixed reaction from supporters, with some angry about the axe of their beloved boss and the club’s choice of replacement, while others are excited to see what heights Spurs can reach under a coach who has won everything club football has to offer. However, Calderon told talkSPORT it is likely Tottenham would have been a Plan B for the Special One, as he was really eyeing a return to the Sa
Climate change: Big lifestyle changes are the only answer

Climate change: Big lifestyle changes are the only answer

Science
The UK government must tell the public small, easy changes will not be enough to tackle climate change, warn experts.Researchers from Imperial College London say we must eat less meat and dairy, swap cars for bikes, take fewer flights, and ditch gas boilers at home.The report, seen by BBC Panorama, has been prepared for the Committee on Climate Change, which advises ministers how to cut the UK's carbon footprint.It says an upheaval in our lifestyles is the only way to meet targets.The government has passed a law obliging the country to cut carbon emissions to net zero by 2050.It is "going further and faster than any other developed nation to protect the planet for future generations", a government spokesperson told BBC Panorama. ...