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Location American Market News for 20 February 2022
EPFO mulls new pension scheme for formal workers earning over ₹15K basic wage. See details The new pension scheme is for formal workers earning over ₹15K basic wage and are not mandatorily covered under its Employees' Pension Scheme 1995.Currently, all those employees in the organised sector whose basic wage...
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Icahn Nominates Two to McDonald's Board, Sources Say

Wall Street Journal - 20 Feb 2022 22:51
The proxy fight comes as the activist investor pushes the fast-food chain to require its suppliers to change their treatment of pigs.
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What a personal loan costs you

livemint.com - 20 Feb 2022 22:22
What a personal loan costs you Here are some personal loan rates and other costs of the top private and public sector banks in India
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Would You Buy A Used Car From This Economist? (Is The Used Car "crisis" is the archetype of bottleneck-driven inflation. It is included as a component of the CPI, inappropriately, and with an exaggerated weighting, and has skewed the entire index upwards for more than a...
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What are the tax implications if firms buy back their ESOPs? The buyback of shares from ESOP shareholders has to comply with the same conditions as buyback from other shareholders
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No tax benefits for maintenance payment

livemint.com - 20 Feb 2022 19:20
No tax benefits for maintenance payment An individual can claim deduction under section 80C for life insurance payment made for self, spouse and children
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Impact of rise in interest rates on equity valuations Nifty PE ratio, which was at 20 in October 2018, went to as high at 36 in early 2021
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Surfside Tower Collapse Makes Buying Condos More Complicated

Wall Street Journal - 20 Feb 2022 17:03
Fannie Mae and Freddie Mac are asking mortgage lenders more questions about safety and structural soundness of condos and co-op buildings, slowing down loan approvals.
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ITR verification for AY 2020-21: Income Tax dept's reminder as deadline nears ITR filing is incomplete if not verified. The last date for verification for AY 2020-21 is 28 February 2022," the department said 
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What is the right of an heir in the mutual fund holdings of a parent? Since you are the only surviving heir of your father, and in the absence of a surviving nominee, the monies invested in the mutual funds would stand transferred in your favour as per rules of intestate succession under t...
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Russia-Ukraine Tensions Power Gains for Gold

Wall Street Journal - 20 Feb 2022 12:30
The precious metal has reached eight-month highs despite expectations for interest-rate increases.
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Four private banks that offer up to 7% interest on 3-year FDs for senior citizens Smaller private banks offer interest rates of up to 7 per cent on three-year FDs for senior citizens
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Can an NRI inherit property in India? Rules explained here An NRI can sell any property (Including an agricultural land or farm house) to a person resident in India. However, in case the NRI wishes to sell the inherited agricultural land or farm house the same can only be sold t...
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National Saving Certificates (NSC) or ELSS: Which is better tax saving option? The NSCs which presently offers fixed annual interest of 6.80% for next 5 years, there is no scope for you to maximize your returns against the return of 14.91% given by ELSS as a category
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How to open Public Provident Fund, Sukanya Samriddhi Yojana accounts with SBI SBI allow customers to open Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) accounts online
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