Project from financial inclusion

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

Keep an Eye on These Coins The cryptocurrency market's recent momentum subsided a bit in the latest week as Bitcoin fell back to about $22,000. While that's an improvement from where the market was trading a few months ago, there may be a few more resistance points to break through before the market can enter a bull run . Still, there some crypto tokens are outperforming the market. This week, we examine SingularityNET (AGIX), Render Token (RNDR), MAGIC (MAGIC), Shiba Inu (SHIB), and The Graph (GRT). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price. Key Takeaways SingularityNET’s AGIX token was one of the biggest gainers this week, jumping 150%, likely related to interest in artificial intelligence (AI) arising from discussion of chatbot ChatGPT. Render Token’s RNDR posted a 51% price increase after the launch of a new tokenomics model and the … [Read more...] about Cryptocurrencies to Watch: Week of Feb. 6

Finance Secretary TV Somanathan TV Somanathan is one of the key persons behind drafting the budget. In an interaction with Shweta Punj of Moneycontrol, the finance secretary shared the thoughts  that went into drawing up the document, and nuancing between the known unknowns and unknown unknowns. Edited excerpts: Q: The economy has faced several global headwinds yet managed to stay steady. What were your priorities as you were drafting this budget? What were the three key things that you wanted to ensure? There were three key priorities. One, to act as a driver of growth at a time when global growth is slowing down, but when India is poised to recover its growth rate to its potential. That was one of the objectives, which you see reflected in a big increase in capital investment and in several other parts of the budget, which are essentially to propel growth. The second major concern was that in doing that, we wanted to be sure that we were fiscally prudent. In our … [Read more...] about It is a challenging number, the reduction to 4.5, but it is feasible. It’s difficult, but feasible

Share to Twitter Share to Linkedin Owners don’t typically tell a public audience that they wish their sparkling new $5 billion shopping center had burned to the ground. But then you’d need a heart of stone not to empathize with the sentiment behind Kurt Hagen’s startling words when he addressed local council leaders last month. The American Dream mega-mall, tipped as the future of retail in America, is in danger of costing owner Triple Five Group dear, as its New Jersey complex rapidly descends into the stuff of nightmares. As a result, Triple Five has put up nearly half the ongoing profits of two of North America’s largest malls – Mall of America, Minn. and West Edmonton Mall, Canada – in order to appease circling creditors. Yet the question at the heart of this multi-billion-dollar story is how a scheme, just a 30-minute ride from Manhattan, that embodies real estate's futuristic vision of mixing retail, leisure, entertainment and dining within one … [Read more...] about American Dream Mall—Touted As Retail’s Future—Now Seems More Like A Nightmare For Its Owner

What Is a Mega Backdoor Roth 401(k) Conversion? A mega backdoor Roth 401(k) conversion is a tax-shelter strategy available to employees whose employer-sponsored 401(k) retirement plans allow them to make substantial after-tax contributions in addition to their pretax deferrals and to transfer their contributions to an employer-designated Roth 401(k). The Build Back Better Act, H.R. 5376, passed by the House of Representatives on Nov. 19, 2021, contains provisions that, if enacted, would limit the ability of high-income taxpayers to accumulate extremely high-value balances in Roth 401(k)s and would eliminate backdoor Roth conversions for high-income taxpayers after Dec. 31, 2031. As of spring 2022, the Build Back Better Act remains stalled in the Senate, and these provisions may not come to pass, at least not in their current form. But mega backdoor Roth conversions remain an important issue—and a notable route to wealth for higher-income taxpayers. Key Takeaways H.R. … [Read more...] about Mega Backdoor Roth 401(k) Conversion: Overview and FAQ

The overall budgetary allocation for the agriculture ministry was increased to an estimated Rs 1.25 lakh crore for FY24 financial year, including Rs 60,000 crore for the government's ambitious PM-KISAN scheme. Small farmers will benefit from the budget, the ministry said, adding that emphasis has been laid on promoting the agriculture sector through technology. A look at what the budget offered: The Hits Technology Push Budget 2023 was largely along the lines expected by industry players. The emphasis on technology adoption in agriculture was announced at the right time, with the creation of Centres of Excellence for Artificial Intelligence. Read More Leading industry players will partner in conducting interdisciplinary research and developing cutting-edge applications and scalable problem solutions in various areas including agriculture. This is a welcome step to leapfrog to the next level with focus on ‘Industry 4.0’. Agri Credit The proposed … [Read more...] about Budget 2023: Hits and misses in the agriculture sector

As ESG becomes the core conversation in corporate boardrooms and for the allocation of capital, it is compelling brands and enterprises to improve their sustainability performance. (Source: Shutterstock) In a bid to enable 100,000 MSMEs turn ESG compliant in the next 24 months, Bizongo, a leading vendor digitization platform with embedded financing for brands and enterprises has launched Bizongo Environmental, Social, and Governance (ESG) Scorecard. This will help bolster ESG consciousness among Indian MSMEs and larger enterprises. With this, Bizongo has also become the first B2B marketplace to offer ESG-related intelligence. Aniket Deb, Co-founder and COO, Bizongo, said, "In its essence, ESG is a framework that helps businesses build customer loyalty, attract investors, make operations sustainable, and improve financial performance. In line with this, Bizongo's ESG Scorecard will enable MSMEs on its platform assess their ESG performance and help them integrate it into their … [Read more...] about Bizongo launches ESG scorecard; aims to help one lakh MSMEs turn ESG compliant in the next 24 months

The budget attempts to simultaneously expand the tax base by reducing several benefits available to HNIs. All eyes were on Budget 2023, awaiting steps that would quell the high net-worth individual (HNI) exodus that has been plaguing the country over the past few years. While the Budget has introduced some beneficial measures to attract global HNIs, there are also a few snags which may send a mixed signal to them. On the positive front, HNIs are expected to have more in-hand money following the changes proposed in the Budget. The Budget proposes to cap the highest surcharge rate for such individual taxpayers who opt for the new tax regime to 25 percent from 37 percent at present. Consequently, the effective tax rate would now be reduced from 42.74 percent to 39 percent, ensuring a net savings of almost 4 percent on incomes of Rs 50 million (Rs 5 crore) or more. This proposal will provide relief to individuals with income above  Rs 50 million who are taxed under the new personal … [Read more...] about Budget 2023: Some relief and some pain for high net-worth individuals

Share to Twitter Share to Linkedin More projects than ever before across the entertainment industry landscape utilized cryptocurrency to develop unique infrastructures to fund productions and create new revenue streams with varying results. With some companies making a profit through these methods the Internal Revenue Service (IRS) has released first-of-its-kind reporting requirements for those who have dealt in crypto over the last tax year. For this reporting period the terminology for reporting cryptocurrency on income tax forms has also been revamped, with it previously being known as “virtual currencies” it is now referred to as “digital assets”. One 1040 income tax form iterates, “At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?” The IRS’ subsequent checklist regarding … [Read more...] about Record-Breaking Cryptocurrency Adoption Leads The IRS To Release New Reporting Requirements

Share to Twitter Share to Linkedin From the southwest corner of Nigeria, a pioneering social enterprise called Durian is lifting rural women out of poverty to become economically self-sufficient and confident of their value in building a more sustainable world. Training women to turn local waste into sustainable livelihoods is breaking through cultural norms that have historically relegated Nigerian women to powerless second-class citizens. In doing so, Durian is building a vibrant circular economy with measurable results for thousands of women, as well as their families and entire communities. Economic independence sustains communities Located in Imafon, a rural community in Ondo state, Nigeria, Durian operates training sites and crop and livestock farms where women produce food, learn how to make crafts and furniture from bamboo and wood, turn fabric waste into fashions, create skin care items from cocoa pod husks, and process food from cassava … [Read more...] about Sustainable Business Innovation From Rural Women In Nigeria