IPOH: While some fathers feel that seven days of paternity leave is too short, others believe it is more than enough. Marketing designer Muhammad Luqman Hakim Mohamed Radzi, who will soon have his second child, said seven days will be good enough to “settle matters related to a newborn”. ALSO READ : SMEs unhappy with longer paternity leave “There are a number of things to be done such as registering the baby’s name and getting a birth certificate. “Most infants also develop jaundice a few days after birth so the extra days of leave will be important for the men as they need to accompany their wife and newborn to the doctor,” he said in response to the Dewan Rakyat’s passing of amendments to the Employment Act on March 21, which saw the three-day paternity leave extended to seven days. Working fathers are eligible for paternity leave for up to five children. They must also have worked at the company for at least 12 months to be entitled to such leave. Before this, the … [Read more...] about Seven days of paternity leave more than enough, say some dads
5 reasons why is biodiversity important
Crude hovers around $110, India has a lot to worry about
Representative image Oil prices continue to surge over fears of supply disruption as Russia faced collective sanctions from the US and allies following its invasions of Ukraine. On March 2, Brent crude futures rose by as much as $8 and touched $113.02 a barrel, the highest since June 2014, before easing to $111.75, news agency Reuters reported. Such elevated prices have wide ramifications for India, given that about 85 percent of the crude processed by domestic refiners is imported. High prices can put upward pressure on inflation, increase the cost of inputs for various industries, make transportation expensive, raise the import bill and lead to deterioration of the current account. The Economic Survey of 2021-22 had flagged the risk of imported inflation, arising from elevated global energy prices but the Budget for 2022-23 and the Reserve Bank of India’s monetary policy committee have taken a relatively benign view on crude oil prices—they have estimated that it would … [Read more...] about Crude hovers around $110, India has a lot to worry about
Fuel Prices on May 20: Check out petrol, diesel rates in Mumbai, Delhi and other cities
India meets 80 percent of its oil needs through imports. Retail rates are adjusted according to the global movement in crude prices (Representative Image) Prices of petrol and diesel have remained steady for more than 40 days now. Since the end of a four-and-a-half-month-long halt in rate revision on March 22, rates of petrol and diesel have increased by Rs 10 a litre each through 14 revisions. Fuel prices were last hiked on April 6 by 80 paise a litre each. According to a price notification from fuel retailers, petrol in Delhi now costs Rs 105.41 a litre and diesel Rs 96.67 a litre. In Mumbai, petrol and diesel prices are at Rs 120.51 and Rs 104.77 per litre, respectively. In Chennai, petrol costs Rs 110.85 and diesel Rs 100.94 per litre; and in Kolkata, petrol is at Rs 115.12 per litre and diesel at Rs 99.83 per litre. Oil marketing companies (OMCs) began to raise retail prices of fuel on March 22. In March, the hike was Rs 6.40 a litre each and in April the hike … [Read more...] about Fuel Prices on May 20: Check out petrol, diesel rates in Mumbai, Delhi and other cities
Leading executives share 16 tips that nurture corporate finance
The success of a well-run business is not determined by its financial performance levels alone, and that is why leaders need to take a holistic approach and consider how each area of the establishment and decisions made about specific contributions to the company can build it up or weigh it down. advertisement advertisement As you work towards achieving your financial goals, it’s also important to find the right balance and prioritize how to maintain a steady cash flow and make wise choices about how and where to invest your time and money to elevate the organization. Below are 16 members of Fast Company Executive Board to share some of the best practices they’ve received about how to manage their company finances. 1. DEVELOP A LONG-TERM PERSPECTIVE. advertisement As Warren Buffet says: “Think long-term.” As a manager, you have to live months or years ahead of where your company is now. Ask where you want to be in a year and invest … [Read more...] about Leading executives share 16 tips that nurture corporate finance
How to get your child to eat vegetables
If you want your toddler to eat more vegetables, you should reward them for it, new research shows. Just don’t make the reward other food like sweets or dessert. A study presented at the 2022 European Congress on Obesity in Maastricht, Netherlands, found that giving children stickers or small toy crowns may help them develop a taste for healthy food. Experts carried out the three-month research programme on children on aged one to four at nurseries in Limburg, Netherlands. Researcher Britt van Belkom from Maastricht University Campus Venlo, said: “It’s important to start eating vegetables from a young age. “We know from previous research that young children typically have to try a new vegetable eight to 10 times before they like it. “And so we looked at whether repeatedly asking children to try some vegetables would make them more willing to eat their greens. “We were also interested in whether providing a fun reward would make a difference.” Overall, 598 children took … [Read more...] about How to get your child to eat vegetables
Centre cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre
(Representative Image) In news that comes as a relief to the common man, the Centre has decided to cut excise duty on petrol by Rs 8 per litre and on Diesel by Rs 6 per litre. This will effectively reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre. Finance Minister Nirmala Sitharaman , while making the announcement on her Twitter handle on May 21, requested state governments to follow the lead, especially those who didn't announce a reduction last time (Novemeber 2021). "I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man", read her tweet. Also Read: Excise duty on fuel has to be reduced by Rs 10-12 as there is no other option: Former finance secretary 7/12 We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre. It will have revenue implication of … [Read more...] about Centre cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre
Fuel Prices on May 21: Check out petrol, diesel rates in Mumbai, Delhi and other cities
India is 80% dependent on imports for meeting its oil needs and retail rates adjust according to the global movement in crude prices. (Representative Image) Prices of petrol and diesel have remained steady for more than 40 days now. Since the end of a four-and-a-half-month-long halt in rate revision on March 22, rates of petrol and diesel have increased by Rs 10 a litre each through 14 revisions. Fuel prices were last hiked on April 6 by 80 paise a litre each. According to a price notification from fuel retailers, petrol in Delhi now costs Rs 105.41 a litre and diesel Rs 96.67 a litre. In Mumbai, petrol and diesel prices are at Rs 120.51 and Rs 104.77 per litre, respectively. In Chennai, petrol costs Rs 110.85 and diesel Rs 100.94 per litre; and in Kolkata, petrol is at Rs 115.12 per litre and diesel at Rs 99.83 per litre. Oil marketing companies (OMCs) began to raise retail prices of fuel on March 22. In March, the hike was Rs 6.40 a litre each and in April the hike … [Read more...] about Fuel Prices on May 21: Check out petrol, diesel rates in Mumbai, Delhi and other cities
Biden’s curious talking point: Lower deficits offer inflation relief
US President Joe Biden (File image: Reuters) As Americans deal with the highest inflation in decades, President Joe Biden has declared that combating rising costs is a priority for his administration. Lately, he has cited one policy in particular as an inflation-fighting tool: shrinking the nation’s budget deficit. “Bringing down the deficit is one way to ease inflationary pressures in an economy,” Biden said this month. “We reduce federal borrowing and we help combat inflation.” The federal budget deficit — the gap between what the government spends and the tax revenue it takes in — remains large. But Biden has pointed out that it shrank by $350 billion during his first year in office and is expected to fall more than $1 trillion by October, the end of this federal budget year. Rather than stemming from any recent budget measures by his administration or Congress, the deficit reduction largely reflects the rise in tax receipts from strong economic growth and the winding … [Read more...] about Biden’s curious talking point: Lower deficits offer inflation relief
Indian government in talks with Russian over cut-price oil deal: HPCL
Crude oil price has rocketed upward since Russia launched its invasion of Ukraine on Feb. 24 (Image: Reuters) India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine. India, the world's third biggest oil importer and consumer, is struggling like much of the rest of the world with inflation at multi-year highs, and is keen to cut its import bill and protect consumers from soaring fuel prices. The country has already bought more than twice as much crude from Russia since Moscow's invasion of Ukraine on Feb. 24 as it did in the whole of 2021, according to Reuters calculations, with sources saying Indian buyers were getting discounted prices. Also Read: India buying Russian oil: I will put my country's national interest, energy security first: FM Sitharaman But the comments from HPCL … [Read more...] about Indian government in talks with Russian over cut-price oil deal: HPCL
IGL’s Price Revision: CNG rates hiked by Rs 2 per kg
(Representative Image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indraprastha Gas Limited (IGL)(IGL) has revised the price of Compressed Natural Gas (CNG) by Rs 2 per kilogram with effect from May 21. The cost of CNG in Delhi now stands at Rs 75.61 per kg, according to an ANI report. The price of CNG has been hiked to Rs 78.17 per Kg in Noida, Greater Noida and Ghaziabad, in Gurugram, it will cost Rs 83.94 per Kg. “We are tightening our belts and looking at reducing costs to deal with the situation,” IGL,MD,Sanjay Kumar told the media. The Limited availability of government-controlled gas has forced IGL to use more LNG to meet double-digit growth in CNG and PNG (piped natural gas) demand. “Several factors determine CNG prices. One of them is price of natural gas from various sources, including LNG (gas imported in … [Read more...] about IGL’s Price Revision: CNG rates hiked by Rs 2 per kg