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Market-linked debentures are listed securities and are currently being taxed as long-term capital gain (LTCG) at the rate of 10% without indexation. The Union Budget for 2023-24 on February 1 has said that the capital gains on market-linked debentures (MLDs) will now be taxed as short-term capital gains, a blow to high net-worth individuals and family offices. High net-worth individuals tend to pick MLDs, given the tax treatment they attract. Market-linked debentures are listed securities and at present, are being taxed as long-term capital gain (LTCG) at the rate of 10 percent without indexation. Also read | Rs 7-lakh tax-free income limit, how does that play out for you? But according to the government, these securities are in the nature of derivatives, which are normally taxed at applicable rates. Further, they give variable interests as they are linked with the performance of the market. “One of the positive aspects of the Budget was to deal a body blow to … [Read more...] about Budget 2023 deals a body blow to market-linked debentures

Hassane Kamara of Watford FC looks dejected following their side's defeat in the Premier League match between Manchester City and Watford at Etihad Stadium on April 23, 2022 in Manchester, England. (Photo by Alex Livesey/Getty Images) Hassane Kamara is a high-octane defender at Watford FC in England. He was the club’s player of the year last season despite only joining in January 2022. He’s also emblematic of the financial engineering available to football clubs through the increasingly popular multi-club ownership model. Watford was relegated from the Premier League last summer and Kamara was sold to Udinese of Italy for a profit of about £12 million ($14.4 million). That looked like a great trade — but even better was that Udinese, which is owned by the same Italian family that owns Watford, immediately loaned the player back. No rules were broken and Watford Chairman Scott Duxbury was upfront about the motives, telling the club’s website that the deal aimed to balance … [Read more...] about It’s not just Manchester City. Financial football is becoming more prevalent

Share to Twitter Share to Linkedin Oula's has raised $22.3 million in seed and Series A rounds to improve outcomes for pregnant and postpartum people. The U.S. has terrible maternity care outcomes. Compared to other developed countries, the U.S. has worse outcomes , poorer experiences, and higher costs. Women in the U.S. are 50% more likely to die in childbirth than their moms, writes Neel Shah, MD, MPP, FACOO in Harvard Health Blog. The risk to Black women is three to four times more than to white women. More than 80% of pregnancy-related deaths are preventable , according to the CDC, and including midwives can help , according to The Lancet. Three women—Adrianne Nickerson, Elaine Purcell, and Joanne Schneider—are changing that with their collaborative care model that brings together doctors and midwives, called Oula. The startup's patients have fewer cesareans and other preterm deliveries. Nickerson, cofounder and CEO, and Purcel, … [Read more...] about With $22.3 Million In Venture Capital, A Startup Is Transforming Maternity Care

Share to Twitter Share to Linkedin “As we grew rapidly and turned people over, we proactively tried to protect against a disintegrating culture. Our solution was to create an exceptional workplace culture in a democratic way, using employees to shape what their experience looked like.” —Susan Page, Head of Employee Engagement and Organizational Effectiveness at a small biotech company How do you scale and maintain great culture while your employee count more than doubles? Susan Page served as the Head of Employee Experience and Organizational Effectiveness for two years at a small, rapid-growth biotechnology company that was acquired earlier this year. Page arrived at an inflection point: There were a ton of loyal, engaged employees and at the same time, tons of new hires and new locations were being added. And all of this transpired at the height of the pandemic. Over her two years, the company grew from 210 employees to 450. Proactively, the … [Read more...] about How To Scale And Maintain An ‘Enviable Culture’ As Your Employee Count Doubles

Share to Twitter Share to Linkedin The cannabis and hemp industries have been evolving more rapidly than almost any other on earth, and countless individuals, corporations and organizations are making significant contributions to its growth and success. But who are the real game-changers in this rapidly expanding sector? Look no further than the 4th annual Cannabis 50 list, compiled by MGO, a CPA and business advisory firm in the U.S., being released exclusively through this publication. The fourth iteration of this annual list recognizes the top companies, organizations and individuals who have made a positive impact on the cannabis and hemp industries in the past year. But, as the firm notes, the Cannabis 50 isn’t a competition. There are no winners or losers, only inspiring stories from the frontlines of this great movement. Diversity At The Helm This year’s list is particularly noteworthy, as it highlights an increased presence of female and … [Read more...] about MGO Names 50 Game-Changers In Cannabis, Including Diddy, Mike Tyson And More

PHUKET: Cherng Talay Mayor Suniran Rachatapruek this morning announced his primary policies at the first Cherng Talay council meeting since his re-election on June 4. Mr Suniran has served as Cherng Talay mayor since July 1999. The meeting at the Cherng Talay Municipality offices was presided over by municipal council president Suphat Athiudomphol, along with council vice president Charoon Thawichatanon. Mayor Suniran explained his policies covered infrastructure, public health and sanitation, economics, safety and security of life and property, and municipal management. Related news 500k baht stolen from Singaporean family in Phuket villa 4 hours ago PLTO continues crackdown on illegal taxis 7 hours ago He also expressed confidence in his ability to get the job done. “I have worked here for 16 years. This place is like my second home and I know every process needed to get work done,” said Mayor Surinan, whose recent re-election … [Read more...] about Phuket’s Cherng Talay mayor lays out policies

PHUKET: Krabi Police tapped in to a big-time prison drug network this week with the arrest of three major dealers in possession of 180,000 ya bah (methamphetamine) pills and more than 7 kilograms of ya ice (crystal methamphetamine), with a street value of about 40 million baht. The string of arrests began on July 17 when 39-year-old Chawalit Limpanit was stopped at a checkpoint in Krabi Town for not wearing a helmet and was found with 80 pills of ya bah and an illegally possessed .38 handgun, Krabi Vice Governor Narong Wonsiv said in a press conference yesterday. “Mr Chawalit told officers he received the drugs from Sakkariya Leemood, 30, and Sawapak Hankla, 44. The pair were later arrested with 930 ya bah pills,” said Vice Governor Narong. “During questioning, the suspects named their dealers as husband and wife team Surasak Thangkam, 32, and Kullarat Wachariseawin, 35.” Related news 500k baht stolen from Singaporean family in Phuket villa 4 hours … [Read more...] about Prison drug network cracked through Krabi, Trang busts

PHUKET: A fact-finding effort is underway in Phuket to compile information about local businesses in which Thai people are hired by foreigners as their nominees – a practice which is generally illegal under Thailand’s harsh Foreign Business Act. Provincial governor Wichai Phrai-sa-ngob, who ordered the investigation, said he was not discriminating against foreign investors, but guarding against the illegal use by foreigners of Thais as nominee shareholders. Under Thai law, foreigners can own no more than 49-per-cent of any business venture with Thais. An ongoing practice, local authorities say, is that foreigners eventually gain control over such companies illegally. To scrutinize foreign businesses, the Phuket Provincial Revenue office is checking on foreigners’ tax payments, while the Treasury office is scrutinizing ownership of condominium space and Immigration police are examining the visa and residence status of expatriates involved in Phuket-based businesses. … [Read more...] about Foreign investors in Phuket facing police investigation

PHUKET: A Khao Lak-Lamru National Park employee was snagged with more than two kilograms of marijuana during a sting operation on Monday. Kathachai Panboonthong, 36, confessed to police that he had been dealing drugs to international tourists and teens in the area for a ‘long time’, Takuapa District Chief Manit Pianthong explained. “When we searched his motorbike we found 2.5kg of marijuana, his national park employee card and 14,792 baht in cash,” Mr Manit said. Officers then went to Mr Kathachai’s house, where they found 100 grams of kratom (Special Report on Kratom culture here ). Related news 500k baht stolen from Singaporean family in Phuket villa 3 hours ago PLTO continues crackdown on illegal taxis 6 hours ago “During questioning, he confessed that he bought the bricks of marijuana from a fisherman, whose name [he claims] he didn’t know, at the Tablamu Port for 1,000 baht per 1kg bar,” Mr Manit said. Mr Kathachai was … [Read more...] about National park pot dealer busted with 2.5kg

PHUKET CITY: A foreign exchange teller questioned in connection with the theft of 1.8 million baht from a Patong bank claims Kathu Police officers threatened to send him home ‘in a black bag’ unless he confessed to the crime. Samarn Pul-ied, who spent around 24 hours in custody at Kathu Police Station on November 8 and 9, also claims officers refused to feed him or allow him to call relatives. Mr Samarn, 38, and his uncle, Thana-satjakorn Chanchuay, have complained to Phuket Governor Wichai Phraisa-ngop through the Damrongtham Center over the way Mr Samarn was treated. “We’re asking the governor for justice,” Acting Captain Thana-satjakorn said. “And Samarn is going to sue any police involved as an example to the others.” Related news 500k baht stolen from Singaporean family in Phuket villa 4 hours ago PLTO continues crackdown on illegal taxis 7 hours ago The robbery at the center of the squabble took place at Siam City Bank in the … [Read more...] about Phuket man demands justice after cops’ “black bag’ threat