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- A + A BEIJING (May 17): China's general fiscal revenue plunged 41% in April as the government gave money back to taxpayers to help businesses weather the impact of Covid-19 curbs that have weighed on the economy. Government income from taxes and fees totalled 1.23 trillion yuan (US$182 billion) in April, according to a Bloomberg calculation using official data, which was released on Tuesday but did not break out the monthly figure from the year-to-date total. Income for the first four months of the year was 7.43 trillion yuan, down 4.8% from the same period last year, the Ministry of Finance said in a statement. Revenue for this period would have increased 5% from a year earlier had it not been for the tax rebates, the ministry said. In early March the government said it would provide tax relief this year worth about 2.5 trillion yuan, including 1.5 trillion yuan in rebates. That amount — more than double that of 2021 — was announced as the government sought … [Read more...] about China’s revenue slumps 41% on tax cuts to counter Covid-19 pains

- A + A KUALA LUMPUR (May 17): CTOS Digital Bhd is extending its consumer services with the launch of CTOS Car Insurance, an online platform for car insurance and road tax renewal, through its collaboration with PolicyStreet.com. CTOS Digital in a statement said CTOS Car Insurance will provide customers with the easiest way to find the best deals in the car insurance market by comparing prices from more than 10 insurance providers in minutes. “By comparing quotes from a large range of insurers, consumers are able to find savings of up to RM1,000 from their current deals,” it said. “Consumers who successfully renew or purchase their insurance via the new platform will also be able to get a free MyCTOS Score Report to stay on top of their credit health ..including further discounts on car insurance quotes based on the value of premiums selected.” CTOS Digital chief executive officer Eric Hamburger said one of the company’s primary business objectives is to drive the … [Read more...] about CTOS Digital expands services to include car insurance

Share to Twitter Share to Linkedin So goes California, and so typically goes the country. And the North American automotive industry along with it. That's possibly the case with California and its battle over data. There is no question the automotive manufacturers want data from hundreds of sensors for a multitude of reasons ranging from warranty reduction, repair prognostics, machine learning of safety-related systems and, yes, advertising revenue. As the former CEO of Ford, Mark Fields, announced to the world in 2016 , "As our vehicles become part of the Internet of things and as consumers give permission to us to collect that data, we'll also become an information company. Our differentiator will be how we use that data to satisfy our customers in ways that they never thought possible in their lives." In fact, it's projected by 2023 that worldwide sales of connected vehicles will surpass 76 million units (70% globally, 90% in the United States) with … [Read more...] about Privacy Battle Over Connected Cars Takes An Interesting Turn In California

To make vehicle insurance policies accessible and affordable, ACKO, one of the leading general insurance providers, has collaborated with Bajaj Finance to extend various car and bike insurance policies. This partnership aims to reduce the time required to purchase a motor insurance policy with an online and transparent process. Read along to know more about the features and types of ACKO car insurance and two-wheeler insurance policies. Types of two-and four-wheeler insurance policies offered by ACKO Following are the types of two- and four-wheeler insurance policies that ACKO insurance will offer through Bajaj Finance – A.  Third-party insurance The third-party two-wheeler or four-wheeler insurance policy extended by ACKO provides coverage against loss or damage caused to third-party property or individuals. According to the Motor Vehicles Act of India, it is essential to have a third-party insurance policy to make vehicles road legal in India. B. Comprehensive … [Read more...] about ‘Bajaj Finance partners with ACKO General Insurance to offer motor insurance policies

If you are planning to retire in the beautiful and tropical country of Thailand, there are many places which will suit your interests. From up north in Chiang Mai where the air is cooler (during winter), to a tropical oasis in the southern islands, Thailand has it all. Of course, with all things, you will need to get sorted before you come and we are right here to help. Things to think about How much money will I need to retire in Thailand? For example, a retired couple should be able to live quite comfortably on £1,600 (71,000 THB, 2,100 USD) a month, but of course, it depends on your lifestyle. While the cost of living is low in Thailand, it is still important to have a savings of at least £20,000 (890,000 THB, 26,500USD), probably more, depending if you’re getting anything paid to you from outside the kingdom. This can help in the event of unexpected expenses, such as health insurance premiums, purchasing a car, or home repairs. For those in the UK with pensions, … [Read more...] about Key info for those planning to retire in Thailand

While it is wise to plan your objectives around your financial capabilities, there may be situations where you may have to dip into your financial reserves. Ideally, this is something you want to avoid and this is when a loan from the right lender can help. Whether you need the funds to pay for higher education, travel, or home renovation, a personal loan can come in handy. But you first need to qualify for funds, and most lenders will require you to have a CIBIL score of at least 750. If you are unsure about your score and want to do a CIBIL score check , free services are available. Knowing this information is key, as lenders may not offer easy approval if you don’t have the required score. Fortunately, even with a low CIBIL score, you can get a personal loan. Here’s how. Borrow a smaller sanction Your CIBIL score dictates your creditworthiness and lenders are less likely to offer you a large sum without an adequate score. This is because the lender incurs a greater … [Read more...] about 4 ways to get a personal loan with a low CIBIL score

Personal loans are considered one of the best credit instruments for salaried individuals. They are specifically designed for people with a steady income who face immediate funds requirements for various reasons. You can avail yourself of an online personal loan at the best personal loan interest rates for medical emergencies, setting up a home gym, going on a vacation, and even covering wedding expenses. Going for personal loans online is a convenient option as it also gives you the chance to use a loan EMI calculator. This handy tool helps you calculate your precise EMI amount for the loan amount you seek. An online personal loan allows you to use the disbursed amount you see fit. Another advantage of a personal loan is that no collateral is required. To get the best personal interest rates with lenders like Bajaj Finserv, you must ideally have a high CIBIL Score of above 750. If you anticipate any extra expenditure soon, here are some tips that will help you get the lowest … [Read more...] about Smart insights to getting the best personal loan interest rate

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Arihant Capital's research report on Indian Bank Indian Bank has posted profit of INR 984 cr (-42% YoY/+43% QoQ), led by 23% sequential decline in provisions and tax reversal of INR 161 cr. Despite 4% QoQ growth in advances, NII for the quarter decreased by 3% QoQ while it grew by 28% on YoY basis. Other income declined marginally by 0.5% YoY and grew by 1% QoQ to INR 1,573 cr. Core fee income growth of the bank was strong at 23% YoY/22% QoQ to INR 813 cr. Operating expenses growth was higher at 22% YoY/16% QoQ due to 39% YoY increase in employee expenses as the bank has provided for the entire pension liability provision of INR 465 cr. As a result, cost to income ratio of the bank increased from 44.8% to 53% on QoQ basis. Operating profit growth was lower at 15% YoY/-17% QoQ at INR 2,738 cr … [Read more...] about Buy Indian Bank; target of Rs 190: Arihant Capital

Modern appliances and gadgets are costly items and you may struggle at times to pay for them upfront. With the Bajaj Finserv Insta EMI Card , you can shop for the latest products on No Cost EMIs and pay for them in easy monthly instalments without burdening your other financial obligations. Being able to buy all your favourite products without having to pay the entire price in one go is a blessing. But the Bajaj Finserv Insta EMI Card accords you many other benefits such as online and offline shopping, convenient repayment tenors and a high spending limit. Instant application approvals and nil foreclosure charges add to the convenience of having a Bajaj Finserv Insta EMI Card. You can apply for one right away and get access to over 1 million products at the best rates and discounts. Here are the 5 best features of the Bajaj Finserv Insta EMI Card : 1. Digital card with minimal documentation Getting a Bajaj Finserv Insta EMI Card involves a smooth and … [Read more...] about What are the 5 best features of the Bajaj Finserv Insta EMI Card?

London (CNN Business) Among the many silly, mind-numbing, agenda-pushing exchanges happening on Twitter at any given moment, the one playing out between the President of the United States and the world's second-richest person stands out for both its dullness and its deliberate oversimplification. If you've been away from Twitter lately, first of all: Good on you. Here's a quick recap of the dispute between Jeff Bezos and President Joe Biden. On Friday, Biden tweeted that the way to bring down inflation is to "make sure the wealthiest corporations pay their fair share." Bezos, founder of Amazon, an absurdly wealthy corporation, took issue with that. He fired off a reply, saying that linking corporate taxes to inflation is "just misdirection." The White House pushed back, then Bezos pushed back again . Read More In short, Bezos believes federal stimulus payments caused inflation. Biden says corporate greed is the culprit. … [Read more...] about Jeff Bezos and Joe Biden are having the stupidest fight ever