The public provident fund (PPF) is a very popular investment avenue, given that it qualifies for deduction under section 80C of the income tax act and maturity proceeds are tax-free. Thus PPF enjoys an exempt-exempt-exempt (EEE) tax status. Investments can be done in most public sector and select private banks, as well as in post offices.Be that as it may, many investors may shift cities in search of better job opportunities. This constant mobility means that you will also need to move your investments to your city of residence.The PPF can be transferred across the country and the account can be moved across bank branches and post offices, so that it becomes easy for you to operate the account.Close Here is how you can move your PPF account and also not lose the interest amount during the intervening period. related news Exclusive | Govt may float ‘amnesty’ scheme for unaccounted gold; set up gold board: Sources Exclusive | PM Modi, FM may take more steps to … [Read more...] about Steps to transfer your PPF account to a different bank or branch
Countries to visit before you die
When Wall Street executives received hundreds of millions of dollars in bonuses after receiving billions in government bailout money during the financial crisis, the popular reaction was outrage. Yet some on Wall Street were actually outraged by the outrage: The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitchforks and their hangman nooses,” said former AIG CEO Robert Benmosche. advertisement advertisement In the wake of the crisis and recession, despite the fact that nearly all the gains of the recovery have gone straight into the bank accounts of the wealthy, America’s billionaires keep doing things like comparing themselves to persecuted Jews in Nazi Germany and talking about the ever-popular pitchforks. Many aggressively denounce policies designed to redistribute wealth as “class warfare.” It’s been noted extensively that if there is any class warfare happening, it’s the wealthy … [Read more...] about Where Are These Pitchforks That Billionaires Are So Scared Of?
Larry Platt, the editor of the Philadelphia Citizen, felt like Ed McMahon on election day last November. He was at a local polling station with an oversized $10,000 check in hand and cameras in tow. Who was the lucky winner? A school crossing guard named Bridget Conroy-Varnis. What did she do to attract such a windfall? She voted. advertisement advertisement Founded in 2015, the Citizen is an unconventional publication, interested in not only writing about the city’s problems but exploring and testing solutions. The voting lottery, paid for by a private local foundation, was one of its earliest experiments, aimed at increasing paltry turnout in the city’s local elections. “People have lost faith that their vote matters,” says Platt. “What we have [in Philadelphia] is a corrupt one-party system of political leadership. The people who run the corrupt system are invested in keeping the status quo. The more people we have weighing in on how the … [Read more...] about What If We Paid People To Vote?
Highlights- Volumes in Q2 were higher by 7 percent- Margins improvement aided profit growth- Building new sorting centres at Pune and Gurgaon- Trading at 32 times FY20 estimated earnings------------------------------------------------- Third-party express logistics service provider TCI Express (TCIX) continued to deliver a robust quarterly performance in Q2 FY20. Sales growth saw a slight recovery in the quarter gone by, while continued expansion in operating margins aided profits.Close Quarterly result highlights related news Ashok Leyland: Weak Q2, but sharp price fall makes it a long-term candidate Here’s a look at Healofy – a social networking platform only for women Bayer CropScience Q2 profit up slightly at Rs 169.8 crore TCIX’s revenues increased by 9 percent year-on-year (YoY) to Rs 269 crore in Q2. Underlying revenue growth was largely driven by higher volumes. New client addition in the SME segment aided a 7 percent jump in volumes. Pricing growth … [Read more...] about TCI Express: Delivering good performance, but valuations are expensive