The Finance Ministry on Monday asked all departments and public sector entities to refund 95 percent of the performance or bid security and liquidated damages forfeited/deducted from small and medium businesses in government tenders for over two years till March 31, 2022. To give relief to MSMEs, Finance Minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by MSMEs to execute contracts during the Covid period, 95 percent of the forfeited amount relating to bid or performance security will be returned to them by government and government undertakings. The Finance Ministry's Expenditure Department on Monday issued an office memorandum stating that all contractors or suppliers registered as micro, small and medium enterprises (MSME) with the Ministry of MSME as on March 31, 2022, would be eligible to claim a refund of the forfeited amount for contracts which had an original delivery or completion period between … [Read more...] about Finance Ministry asks CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022
March jobs report 2019
Starting A Job After A Lengthy Absence? Here’s What You Need To Know
Share to Twitter Share to Linkedin Landing a new job or returning to work after a lengthy absence can trigger many questions and even bring on feelings of apprehension. While employers have made great strides in granting candidate requests to address the ever-evolving employment landscape, employees still wonder: What can I expect? Will my employer create an environment that allows me to have balance yet flourish? Can I ask for what I need to be successful? Findings from research organizations suggest that prospective employees have more latitude today than in recent years – particularly during the Great Resignation when millions of workers left their jobs to seek higher pay and better work environments. A new Pew Research Center survey finds that the majority of American workers who quit a job in 2021 cited low pay (63%), a lack of opportunities for advancement (63%) and feeling disrespected (57%) as their top reasons. The survey also reports that those … [Read more...] about Starting A Job After A Lengthy Absence? Here’s What You Need To Know
Uber Tests 12-Month High After Reporting ‘Strongest Quarter Ever’
Share to Twitter Share to Linkedin Topline Uber smashed expectations in its latest quarterly financials, with CEO Dara Khosrowshahi declaring it the ride-hailing company’s “strongest quarter ever,” as shares speed toward their highest price since last February. Key Facts Uber reported $8.61 billion in sales over the last three months of 2022, beating the analyst consensus of $8.51 billion according to Factset, and a net income of -$161 million in its core business, easily beating the consensus estimate of -$329 million. The company booked $4.2 billion in revenue from its core ride-hailing business, $2.9 billion from its Uber Eats and Postmates delivery services and $1.5 billion from its Uber Freight trucking segment. Perhaps most intriguing to investors was Uber’s vast improvement in a core profitability metric: The company reported $665 million in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) last … [Read more...] about Uber Tests 12-Month High After Reporting ‘Strongest Quarter Ever’
FC Barcelona Have Three Transfer Targets For Summer 2023 – Reports
Share to Twitter Share to Linkedin FC Barcelona have three transfer targets to sign this summer, according to reports. The Blaugrana currently have a financial headache to deal with after La Liga president Javier Tebas revealed last week that they must shave at least €200mn ($214.5mn) from their wage bill ahead of the 2023/2024 season. This will probably force the Catalans to make a big player sale , with Ferran Torres, Eric Garcia, and even Ansu Fati tipped for the chopping block . Even if Barca are likely crowned La Liga champions for the first time since 2019 in early June, however, considering their eight point lead over Real Madrid, head coach Xavi Hernandez will still want to make reinforcements. Mundo Deportivo reports on Wednesday that there are three in mind. The first is Vitor Roque , the 17-year-old whose transfer SPORT claimed Barca are already negotiating with Athletico Paranaense . Roque is lighting up the South … [Read more...] about FC Barcelona Have Three Transfer Targets For Summer 2023 – Reports
Video Report: Phuket’s Suunto Series – seeing in red and white
PHUKET: The first two white cards handed out for “points” in the Phuket We Free Dive Suunto Series have highlighted the unique format of the competition, which ranks the control, safety and beauty of the dive above time and distance. “I value any clean dive far above a longer or deeper one that ends with a barely conscious diver,” explained Association Internationale pour le Développement de l’Apnée (AIDA) judge Richard Wonka. “Freediving is a beautiful sport, it’s only the ego – which all of us carry around with us – that spoils its reputation.” Two white cards and two red cards were handed out to contestants by Mr Wonka and AIDA judge Sarah Whitcher at the dynamic without fins event on March 30 in Chalong. These cards count toward the grand prize of a Suunto D6i dive computer ( story here ). Related news 500k baht stolen from Singaporean family in Phuket villa 4 hours ago PLTO continues crackdown on illegal taxis 7 hours ago … [Read more...] about Video Report: Phuket’s Suunto Series – seeing in red and white
Are we ready for AI that knocks out jobs, fuels disinformation, and is difficult to regulate?
As it happens with most new advancements of technology, a discussion and a debate is emerging on what AI can or can’t do. (Representative image) On February 6, Sundar Pichai, CEO of tech behemoth Google and Alphabet announced ‘Bard’ , their experimental AI service. Google’s response comes nearly three months after a hitherto lesser-known company, OpenAI , announced ‘ ChatGPT ’ to the world. The last three months has seen a flurry of activity as an excited world embraced the tool, making it compose prose and poetry and figuring out how far it could go. Tech pundits even began to write articles that ChatGPT would be a great addition, but the company had to figure out how to make money. Even before the ink could dry on those articles, Microsoft announced Microsoft Teams Premium that featured services by OpenAI’s GPT-3.5, hoping to make their online meeting and collaboration tool much more intelligent. Three Key Impacts As it happens with most new advancements of … [Read more...] about Are we ready for AI that knocks out jobs, fuels disinformation, and is difficult to regulate?
With $22.3 Million In Venture Capital, A Startup Is Transforming Maternity Care
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
Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts
KEY TAKEAWAYS The U.S. savings rate has plunged, and 401(k) accounts have declined as loans and hardship withdrawals exacerbate market losses. With interest rates rising, consumers appear less likely to borrow money in 2023. As a result, the recent decline in consumer spending may persist. Last year, the highest U.S. inflation in 40 years had an entirely unsurprising effect: shrinking the amount of cash in Americans' pockets—and portending challenges for consumer spending in 2023. From tapping their savings to dipping into their retirement accounts, Americans increasingly scrambled for money as the cost of living soared and the Federal Reserve's interest rate hikes, designed to lower inflation, raised borrowing costs. Nearly half of Americans said they have less savings than they did a year ago, according to a recent Quinnipiac University poll. As cash savings fell, so did retirement accounts: The number of 401(k) retirement participants taking out loans from their … [Read more...] about Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts
Series: Unwind The LIHTC, Create Tax Benefits For Builders And Families
Share to Twitter Share to Linkedin There is no doubt that over its 36-year life that the Low Income Housing Tax Credit (LIHTC) has housed many people. But how many? As my last post showed, there are many known unknowns about how and how well the LIHTC has functioned over those years. For example, a common number offered as an answer to the question, “how many units has LIHTC created over its 36 years?” the answer is often something like 29 million. Where does that figure come from? Column V in the LIHTC “database,” a column in the Excel spreadsheet that has 3,000 blanks and 1,500 cells with “0” as the answer. It is a challenge to reform a federal expenditure when no deep evaluation is possible for lack of good data. However, I’d like to close the LIHTC portion of the look back at Paul Ryan’s critique with some ideas for reform. I’ve concluded that the Low Income Housing Tax Credit Program isn’t really a program at all. It is behemoth , a complex of … [Read more...] about Series: Unwind The LIHTC, Create Tax Benefits For Builders And Families
For Country Artist Tolman – Gratitude Is Everything
Share to Twitter Share to Linkedin Jenny Tolman spent the past year making many of her biggest dreams come true. She released a new album, got married, organized the first all-female country festival in Jackson Hole, Wyoming, saw her music video celebrating women who’ve survived drug addiction and human trafficking go viral, and welcomed her first child, a beautiful baby boy named Bear. It seemed fitting the little guy would wrap up 2022 so perfectly, arriving on the very last day of the year, December 31 st . Tolman let fans know he was on his way with her song “It’s a Boy,” late last year, and People Magazine helped introduce him to the world in January. At 26, Tolman feels incredibly blessed. “I feel very, very grateful. The only two things I’ve ever wanted in my life is to be a singer and to be a mom,” she says. “And I’m like, oh my gosh, it makes me want to cry.” She’s a strong believer in expressing gratitude - consistently and … [Read more...] about For Country Artist Tolman – Gratitude Is Everything