Depositors in dozens of co-operative banks currently under moratorium by the Reserve Bank of India (RBI) can look forward to quick settlement now. That is because the government has notified September 1, 2021 as the date from which depositors of banks under moratorium will get up to Rs 5 lakh within 90 days. This would mean that by November 30, 2021, depositors of banks under the moratorium are likely to get their money back. The Ministry of Finance made this announcement via a notification on August 27, 2021. As per the finance ministry notification issued on August 27, “In exercise…
Author: Miley Selena
The United Arab Emirates had until now barred entry for arrivals from Vietnam and 13 other countries due to rising concerns over the highly-transmissible Delta variant. United Arab Emirates will lift travel ban on tourist visas for red-listed countries, including Vietnam. The United Arab Emirates will resume issuance of tourist visas to vaccinated travelers from all countries including Vietnam, which was previously red-listed over Covid-19 fears. Passengers must furnish a certificate showing they are fully vaccinated with a WHO-approved Covid vaccine and take a mandatory rapid PCR test at the airport. Related: European countries have Vietnam in their travel red list…
New Zealand health authorities reported what they believe to be the country’s first death linked to the Pfizer Covid-19 vaccine. New Zealand on Monday reported what authorities said was the country’s first recorded death linked to the Pfizer COVID-19 vaccine. The information was released by the health ministry following a review by an independent COVID-19 vaccine safety monitoring board of the death of a woman after receiving the vaccine. The ministry’s statement did not give the woman’s age. The board considered that the woman’s death was due to myocarditis, which is known to be a rare side effect of the…
The Food Safety Authority of Vietnam has received a warning that the European Union has recalled the product “Dried noodles with chicken – and beef spices”. Production: Thien Huong Food Joint Stock Company, address: No. 1 Le Duc Tho, Quarter 02, Tan Thoi Hiep, District 12, Ho Chi Minh City, in the Norwegian market. The reason for the product recall is because it contains 0.052mg/kg – ppm ethylene oxide, in violation of EU directive 91/414/EEC. The Ministry of Industry and Trade has just issued an express document request Thien Huong Food Joint Stock Company to urgently report on the production…
Vietnam has to get better at doing the things that governments typically do to aid growth — education and infrastructure. The country needs to develop world-class companies and should drop the focus on currency undervaluation. Visit Vietnam Insider’s homepage for more stories. Helping America’s old war-time foe transition to a more high-tech economy would make the Asian nation a more valuable strategic partner. Kamala Harris’ historic visit to Vietnam — the first time a U.S. vice president has visited the country since the end of the war — has got me thinking about the relationship between the two countries. Both…
Shaken by the impact of the pandemic on their lives, participants quizzed for the Bankbazaar Aspiration Index (BAI) 2021 chose relationships and health as top priority. The index attempts to understand the aspirations of respondents from a personal finance perspective. The BAI has moved up marginally since last year The five aspirations tracked were Wealth not most important goal Roadblocks to fulfilment Attaining aspirations has become tougher The pandemic has widened the gap between the importance attributed to a goal and the chances of its attainment. The highest gaps are in the Wealth aspiration (6.7), followed by Health (5.4). Wealth…
Should you invest in cryptocurrency? Read more: EconomicTimes
1. MWP was a welfare act enacted in 1874 to ensure the absolute ownership of wages, earnings, property, investments, and savings of a married woman. 2. The husband cannot acquire any interest in any such property of the wife after the marriage. 3. It was created to protect the properties owned by women from in-laws, relatives, and creditors. 4. Section 6 of the MWP Act lays down that when the husband purchases an insurance policy and makes his wife and children the beneficiaries, the death benefit or any other bonuses arising out of it are to be awarded solely to…
By Sudhir Kaushik of Taxspanner.com Bengaluru-based media professional Ashish Rastogi pays a low tax because he avails of all the tax deductions available to him. Even so, Taxspanner estimates that Rastogi can reduce his tax by more than Rs 40,000 if his company offers him some tax-free perks and the NPS benefit and he buys health insurance for his parents. Income from employer Income from other sourceRastogi should start by asking his company for some tax-free perks such as reimbursements of conveyance expenses, newspaper bills and food coupons. If he gets a conveyance allowance of Rs 30,000 (Rs 2,500 per…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Dhruva Kumar and his wife are saving for multiple goals. Here’s what the doctor has advised them: Goals Investor’s existing portfolio Portfolio check-up Self-employed couple investing in equity funds…