UPS Financial News

education has petered off a little in the light of job shortages, visa issues and higher living expenses abroad, many a parent is continuing to save for this goal without considering either the financial feasibility or practical problems of living and finding employment in these destinations. If you, too, are looking at this option, it is important to check if this goal is worth the effort you may be putting into it. Since this decision has the potential to wreak havoc with your finances and create uncertainty for your child, it’s best to consider the following factors before you proceed.

developers, housing societies are increasingly turning to self-redevelopment. This involves residents hiring a contractor and project management consultant, excluding builders. Selfredevelopment offers clear advantages: any surplus from selling additional inventory stays within the society and is distributed among members. “The major advantage is that society members reap the benefits of the property’s potential rather than the builder,” says Anuj Puri, Chairman of ANAROCK Group. By securing additional FSI directly, the society gains up to 25-30% more carpet area, compared to the typical 10-15% offered by builders. Moreover, the society controls every aspect of redevelopment. “Societies have more say in design, amenities and construction quality,” points out Swapnil Anil, Executive Director & Head, Advisory Services, Colliers India. They can also choose new members for the free-sale area.

Mumbai-based business analyst Sweta Chandra earns well, but also pays a high tax because her salary structure is not very tax-friendly, she doesn’t avail of all the deductions available to her, and invests in tax-inefficient options. TaxSpanner estimates that Chandra can save more than Rs.91,000 in tax if the taxable allowances in her salary are replaced with tax-free emoluments and her employer offers her the NPS benefit. She also needs to invest in the pension scheme on her own.

venture capital funds, given the boom in the market.

PSBs) have a higher rate of technical decline in their unified payments interface (UPI) systems when compared with private lenders, according to data from the National Payments Corporation of India (NPCI). Central Bank of India and Bank of Maharashtra are among the PSBs clocking technical declines of more than 1% in their UPI systems since January this year.

JSW Infra, Stanley Lifestyles, SAMHI Hotels, Bank Of Baroda, IREDA among others will be in focus due to various news developments. JSW Infrastructure Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.

South Africa did not choke.

Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry. The Reserve Bank of India would only tighten and not loosen regulations given the threats from technology and weak lending practices, Chaudhry tells ET. Edited excerpts:

Demon Slayer Season 4 just aired. In India, JioCinema released it on Sunday (June 30) while on Netflix it will drop on July 1.

progress on achieving the Sustainable Development Goals by 2030 remains uneven, slow and mostly elusive. The United Nation's annual report card, Sustainable Development Goals Report 2024, launched in New York on Friday, finds only 17 % of the SDG targets are currently on track, with nearly half showing minimal or moderate progress, and over one-third stalled or regressing. «The world is getting a failing grade,» said UN Secretary-General Antonio Guterres. «The takeaway is simple: Our failure to secure peace, to confront climate change and to boost international finance is undermining development. We must accelerate action for the Sustainable Development Goals — and we don't have a moment to lose.» Between 2015, when countries adopted the SDGs to 2019, there were marked gains and improvements though these too were insufficient to achieve the goals by 2030. However, the COVID-19 pandemic and its lingering impacts, the energy, food and economic crisis resulting from the wars and escalating conflicts, geopolitical tensions and growing climate chaos have severely hindered progress.

ICC T20 World Cup only because of Jasprit Bumrah.

Hardik Pandya is bowling the last over and, well, he is no Jasprit Bumrah. David Miller, the man on strike, is one of the best finishers of the T20 game. One big hit and the match yet again drifts South Africa's way.

skills development and entrepreneurship will come up with a new policy on skilling to replace the National Policy on Skill Development and Entrepreneurship, 2015, almost 10 years after the policy was launched to impart skills training in the country. The move is aimed at giving a renewed push to skilling in India while aligning it to the new age skills.

regulators are flagging risks from heightened trading in derivatives in the Indian equity market. The surge in trading futures and options of listed stocks coincides with rising household exposure to equities, and regulators are approaching the development with investor protection and systemic risk on their mind. Alongside raising awareness among retail investors about the risks involved, new screening mechanisms have been imposed for stocks to qualify for derivatives trading. The effort is directed at restricting derivatives to underlying stocks for which there is sufficient liquidity and trading interest from market participants. There are suggestions for raising transaction costs on derivatives trades. Such a move could, however, affect better regulated institutional investors and reduce the effectiveness of derivatives, hampering market development.

investment destination is doing extremely well with the country witnessing high foreign remittances, foreign direct investment (FDI) and foreign institutional investment (FII) inflows, commerce and industry minister Piyush Goyal said.

Bengal Police on Sunday registered a case after a video clip of a brutal assault on a couple allegedly engaged in an illicit relationship went viral, sparking widespread outrage. The man who was seen in the video beating up the two with a bamboo stick was allegedly a local TMC leader of Chopra in Uttar Dinajpur district where the incident occurred following a decision of a kangaroo court.

barbeque season kicks off, experts advice Canadians to take precautions when grilling red meats and hot dogs. While those tempting char marks add flavour, they also carry potential health risks.Fortunately, you can enjoy your favourite grilled foods while minimizing the danger.Cooking meat at high temperatures can create potentially harmful chemicals.

first called Canada home, and it’s no secret that we as Canadians are always rooting for our hometown celebs.And while many of us feel a connection to these big name actors and musicians, there’s often a lot we’ll never know about them due to lengths many celebrities go to keep their private lives out of the press.So, it’s exciting when a Canadian A-lister pulls back the curtain and gives us a funny or interesting fact from their life before they made it big.In honour of Canada Day, and in the spirit of sharing, we’ve dug up some little-known facts from some of our country’s biggest names in Hollywood.Before her success on Grey’s Anatomy, Sandra Oh was just another young face in an audition room. However, the Nepean, Ont., actor earned her first big role and stood out from the crowd by laying down.When Oh, 52, auditioned for the titular role in The Diary of Evelyn Lau, she asked director Sturla Gunnarsson for a moment to centre herself — by laying flat on the floor for five minutes.“I thought it was remarkable that at 19 she had the confidence — and audacity — to do that,” Gunnarsson said of the young actor, who was competing with over 1,000 other girls for the part.Oh would end up winning the role of Evelyn Lau, and would go on to score a Gemini Award nomination.Today, most know Tommy Chong as one-half of the comedy stoner duo, Cheech and Chong — but before that, Chong waxed musically with some of Motown’s greatest talents.The Edmonton-born actor was once the guitarist and songwriter for the band Bobby Taylor & the Vancouvers.

BCCI) today announced Rs 125 crore for Team India for winning the ICC T20 World Cup.

India Meteorological Department (IMD) issued a red alert for several northeastern states, forecasting extremely heavy rainfall over the next two days.