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Tag: plan

4 big tax breaks you may lose under GOP tax plan

4 big tax breaks you may lose under GOP tax plan

Finance
The Republican tax proposal unveiled Wednesday outlines ways that lawmakers plan to reduce what businesses and individuals pay to Uncle Sam, yet it offered few clues about how they would pay for it all.In addition to calling for a reduction in the rates that corporations and small businesses pay, the framework would double the standard deduction for individual taxpayers, repeal the alternative minimum tax and estate tax, increase the child tax credit, and collapse the current seven personal tax brackets to three, among other provisions.The cost of all this? An estimated $ 2.2 trillion over 10 years, according to the Committee for a Responsible Federal Budget. The group says $ 5.8 trillion would be lost to lower rates and other modifications, and would be offset by $ 3.6 trillion coming fro...
Type 2 diabetes plan targets those at high risk

Type 2 diabetes plan targets those at high risk

Health
People with the very highest risk of developing type 2 diabetes are being prioritised for places on NHS lifestyle change programmes.Updated guidance from the National Institute for Health and Care Excellence (NICE) said this would cover 1.7m people in England.The programmes help people to change their diet and do more exercise.The guidance reaffirms that all adults over 40 should go and see their GP for a diabetes risk assessment.Adults with conditions such as obesity, stroke or high blood pressure and high-risk ethnic minority groups are also encouraged to go for an assessment.Weight loss helpLast year, NHS England and Public Health England developed an NHS Diabetes Prevention Programme in response to the guidance.This means that in many parts of the country those at high risk are referre...
UCO Bank's plan to stop salary to non performers faces premature death

UCO Bank's plan to stop salary to non performers faces premature death

Finance
The loss making UCO Bank appears to be desperately looking for ideas to boost business. In a bizarre note to the bank’s personnel services department, one of the zonal heads of the bank had requested to suspend salaries to employees in 11 branches in an apparent bid to punish them for non-performance. The proposal was promptly shot down by the management, but it was enough to create noise and made employees panic. There is no such provision to stop salary in case of non performance in public sector banks where salaries and increment are fixed through a bipartite settlement between banks and employee unions. Wage can be cut only in case of unauthorised absence like in bank strike days. Uco Bank has been under Reserve Bank of India’s prompt corrective action (PCA) plan for making net l
These are the top risks that could derail a good retirement plan

These are the top risks that could derail a good retirement plan

Finance
Ask any experienced financial planner what causes a retirement plan to fail, and they will likely agree that it is never a result of bad portfolio returns. So if a poorly performing portfolio is not the problem, then what is? Some of the answers may surprise you. Here are examples of how life's circumstances can derail even the best retirement plan, and what to do to avoid, fix or repair it.With improvements in medical treatment and increases in longevity, an unexpected illness when you are in your 60s, 70s or 80s may drag on longer than it did just a decade ago. One of the first things you should do is to learn how your current employee benefits (or those of your spouse) work and understand how the employer treats retiree health benefits. What will be the implications of that plan in reti...
CPPIB to end Kotak JV plan for stressed assets

CPPIB to end Kotak JV plan for stressed assets

Finance
MUMBAI: Canada's largest pension fund CPPIB will call off its proposed joint venture with Kotak Mahindra Group to invest in stressed assets in India. The $ 525-million fund that was announced in March 2016 will be wound up as it failed to find investments in stressed assets, said two people with direct knowledge of the development. Kotak Group will now go alone with commitments from some sovereign funds such as Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority on a deal to deal basis. Both ADIA and Qatar Investment Authority are investors in some of the funds of Kotak. “Our venture with CPPIB will end by August,” a person with direct knowledge of the development said. “We will now invest from our proprietary book while also looking to join hands with our investors li