PERSONAL FINANCE


Walter Vieira Walter Vieira 03 December 2022
A friend of mine, Supriya, recently told me that she was co-authoring a book on ‘purpose’. And this casual remark made me think on a subject to which I had not given much thought. Purpose is an aspect of life which is missing in much of our working population. Maybe, the younger and better...

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Ken Schwencke (ProPublica) 02 December 2022
This story was originally published by ProPublica.   Financial technology firms at the front lines of approving loans through the Paycheck Protection Program — intended to help small businesses survive during the pandemic — lacked fraud controls, chased high fees to the detriment of...

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IANS 24 November 2022
As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the tally is only going north amid recession fears.   According to data from layoffs.fyi, a crowdsourced...

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IANS 24 November 2022
In a setback to the ongoing Reliance Capital resolution process, the proposed joint venture arrangement (JV) between Piramal Finance and Zurich Insurance, formed to place a joint bid for Reliance General Insurance Company (RGIC), has collapsed.   In the first round, both companies had...

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Moneylife Digital Team 19 November 2022
As warned by several experts and economists, winter seems set to be harsh on employees of tech companies, online businesses and marketplaces. Fearing an economic recession, most tech companies, who hired innumerable employees at insane salaries only a few months ago, are now laying them off...

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Walter Vieira Walter Vieira 19 November 2022
In this series, I had written a while ago on the problems of envy and jealousy. Some of our readers wrote back to me to say that I had explained the problem, but gave no guidance or a solution.    Yes, the solution lies in our own attitude. It may be summarised in what Plutarch said...

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Moneylife Digital Team 14 November 2022
In a landmark decision on the rights of the insured, the Supreme Court (SC) ruled that the exclusion clause cannot be permitted to be used by a party, that introduced it (insurer), becomes a beneficiary and then avoids its liability (of claim settlement). While allowing the complainant relief...

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Moneylife Digital Team 11 November 2022
Coming down heavily on Bharti Axa Life Insurance Co Ltd for submitting a fake medical certificate to deny a death claim, the Consumer Dispute Redressal Commission at Ahmedabad (city) has asked the insurer to pay Rs1 lakh as compensation for the harassment, including mental agony to the...

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IANS 09 November 2022
In one of the worst lay-offs ever in the tech industry, Meta founder and chief executive officer (CEO) Mark Zuckerberg on Wednesday sacked more than 11,000 employees—about 13% of the global workforce.   In a statement, Mr Zuckerberg said the company is also taking a number of...

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IANS 09 November 2022
The Supreme Court has said that tuition fee should always be affordable and education is not a business to earn profit, as it upheld the Andhra Pradesh High Court (HC) judgement to quash the state government's decision to enhance the tuition fee in medical colleges to Rs24 lakh per...

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Walter Vieira Walter Vieira 05 November 2022
Keeping your word, in spite of difficulties or changed circumstances, helps to build trust—and trust, in turn, builds credibility. Credibility is what gives substance to individuals and to corporations. At a time when so many newly set up companies, especially in plantations, non-banking...

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IANS 04 November 2022
For some of the nearly 200-strong Twitter India workforce, the Friday morning came with utter chaos when they lost access to their official emails and internal Slack and group chats, as they were unfortunate to be part of the global sacking in the most brutal Elon Musk way.   Some of...

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IANS 04 November 2022
Amazon has announced to freeze new hirings in its corporate workforce, with the global economy "in an uncertain place".   Beth Galetti, Amazon's senior vice president of people experience and technology, confirmed the move in a memo that the company had already begun pausing or...

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Moneylife Digital Team 01 November 2022
Aiming to give relief to people, the employees' provident fund organisation (EPFO) on 31st October decided to allow withdrawal of accumulations in employees' pension scheme 1995 (EPS-95) for those subscribers who have only less than six months of service left.   As per current rules,...

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Amitabha Banerjee Amitabha Banerjee 28 October 2022
I have narrated many stories about the bosses I encountered during my banking days. Let me tell you my last story, about the beginning of it all.   After returning to India with an MBA (Masters in business administration) from the US, I applied to many companies for a job, went for...

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Walter Vieira Walter Vieira 22 October 2022
When we set standards for ourselves, we are inclined to think that the same standards apply to others around us. But, as we know, values are not standard.   We all know this and are convinced of it in our minds. But our emotions say something else; and we want to believe that our...

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Amitabha Banerjee Amitabha Banerjee 14 October 2022
Bosses are often given nicknames which sometimes stick for decades. Some nicknames are innocuous, some are derogatory and some can be quite nice.   Our teachers at IIT, who were our bosses, were no exception. Many nicknames had been handed down over generations of IITians, for...

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With a spurt in short-form video consumption and growth in the overall creator economy, India now has at least 80mn (million) content creators and knowledge professionals but only 150K professional content creators are able to monetise their services effectively, a new report has...

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Studying abroad has become costlier amid a sharp fall in rupee. The cost for studying in the US has gone up by Rs1.5 to 2 lakh per year.   The increase in tuition fees in the US, the UK and Australia by 10% to 20% is another reason behind the costlier education abroad. Also, the...

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Yogesh Sapkale Yogesh Sapkale 07 October 2022
Many information technology (IT) job aspirants, who dream of having a fat salary in a foreign country like Thailand, are receiving a shock of a lifetime. Many job-seekers who went to Thailand for a job in IT were, in fact, recruited by Chinese criminal gangs to enslave them in cybercrime...

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