Marriage is fast becoming a status symbol. In 2018, fewer people in the U.S. are getting married, but those who do are more likely to be economically privileged. A 2017 research brief found that 56% of middle class and upper class adults are married, but among working class and lower class adults, that number is between 26% and 39%. In 1990, more middle class and upper class adults were married—about 65%—but more than 50% of other adults were married, too. As women earn more, marriages have also grown more equal in terms of pay—which in turn has reinforced social stratification. That’s also because people in the U.S. are increasingly unlikely to date and marry outside of their own social class. advertisement advertisement But what happens when they do? I talked to three people* about what it’s like to be with someone from a different socioeconomic background—and how issues of race, nationality, money, and education permeate their … [Read more...] about What it’s like to date and marry out of your social class
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Non-compliance of the government's directive with regard to dividend declaration by 53 CPSEs resulted in a shortfall of Rs 9,417.75 crore to the exchequer in 2017-18, according to a CAG report tabled in Parliament on December 10.As per the norms, all profit-making central public sector undertakings (CPSUs) are required to declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20 per cent of after-tax profit, whichever is higher, subject to availability of disposable profits.However, the government as majority shareholder could seek higher dividend from public sector undertakings (PSUs) with large disposable profits or healthy cash reserves. A higher or special dividend may also be considered.Close According to the Comptroller and Auditor General of India's (CAG) General Purpose Financial Report of CPSEs, investment by the government in equity of CPSEs registered a net increase of Rs 35,038 crore and loans outstanding increased Rs 5,978 crore during 2017-18 … [Read more...] about Non-compliance of govt directives by CPSEs led to shortfall of Rs 9,417 cr in dividend: CAG
Even as reports hinted that Yes Bank would reject Canadian industrialist Erwin Singh Braich's $1.2 billion bid in favour of institutional investors, Bloomberg has reported that Briach's claims may be under question.The offer from Braich and Hong Kong-based SPGP Holdings had been expected to make up a bulk of Yes Bank's $2 billion fundraising plans but was clouded by concerns over certain foreign bidders being disallowed to acquire a stake in the bank by the Reserve Bank of India (RBI).It has now emerged that Braich is allegedly involved in numerous lawsuits with creditors and family members.Close Moneycontrol could not independently verify the report. related news Anti-diabetes drug Vildgliptin to become 80% cheaper Hyundai to increase vehicle prices from January Aditya Birla Fashion gets board nod for appointment of Himanshu Kapania as Vice Chairman Braich told Bloomberg he had the funds and had been "under the radar" with "a lot of different holdings and assets” that … [Read more...] about Yes Bank bidder Erwin Singh Braich has history of bankruptcy, questionable business deals: Report
The government has asked telecom licence holders to clear all dues related to adjusted gross revenue (AGR) as per the three-month deadline, reports The Economic Times.The Department of Telecommunications (DoT) has also asked telecom players to clear their doubts regarding the Supreme Court order by December 13.About 15 companies owe AGR dues worth over Rs 1.47 lakh crore, a number that could rise further.Close On October 24, the Supreme Court had decided to expand the definition of AGR to include revenue from non-telecom sources. The apex court granted the companies three months to pay AGR dues. related news Panacea Biotec launches generic diabetes treatment drug in India Sterlite Technologies, IIT Madras sign pact for 5G advancement Issue of non-payment of salaries to HPCL employees raised in Rajya Sabha “Any issues should be pointed out in the comprehensive representation to be submitted, but in no case the self-assessment and payment of dues are to be … [Read more...] about AGR imbroglio | DoT asks telcos to pay dues on time, clear doubts by Dec 13: Report
Gen X women are the “forgotten middle child” in the workplace, sandwiched between the baby boomers and millennials. Each is twice as large as the gen X workforce, and often twice as vocal about their achievements. advertisement advertisement According to data from the Development Dimensions International and The Conference Board’s Global Leadership Forecast, millennial women show a greater understanding of their future career path as leaders within their organization compared to gen X women. Millennial women leaders are also more likely than their gen X peers to indicate that they are advancing in their careers at an acceptable rate, according to the report. “Gen X women are caught in a ‘no woman’s land’ in the workplace,” says Tacy M. Byham, PhD, CEO of Development Dimensions International, a global leadership consultancy. It’s no surprise that gen X women feel squeezed between two generations. There were only 45 million … [Read more...] about Are Gen X Women Being Squeezed Out Of The Workplace?