Sun, December 1, 2024

by: Bill Williamson

RevFin eyes financing 2 mn vehicles, Rs 20k cr loan payment in 5 yrs: CEO

Electric vehicle financing digital platform RevFin is aiming to finance 20 lakh vehicles in the next five years, translating to loan disbursements of nearly Rs 20,000 crore, according to the company's founder and CEO Sameer Aggarwal.

by: Bill Williamson

5-Day Working Week For All Bank Employees Likely From December

The long-standing demand for a 5-day work week in India's banking sector is nearing fruition. Currently, bank branches remain closed on second and fourth Saturdays, along with all Sundays. However, under the proposed system,

by: Bill Williamson

Can you exceed your credit card limit? Pros, cons, and tips to manage it

Sat, November 30, 2024

by: Bill Williamson

Top 10 Business Schools in the USA 2024 | Management Universities

Discover the top 10 management colleges in the USA for 2024, featuring institutions like Stanford, Harvard, and Wharton for the best MBA programs.

by: Bill Williamson

Investing With Friends and Family: 4 Dos and 3 Don'ts

If you're like most people, you have a few regrets when it comes to money. 80% of Americans say they have financial regrets in some form or another, according to a survey conducted by Quicken.

by: Bill Williamson

CBDT extends income tax return filing deadline for FY24 to Dec 15

Tax authorities have extended the income tax return filing deadline by another 15 days to December 15 for the financial year 2023-24.

by: Bill Williamson

A boomer moved to Panama so her retirement would be more affordable. Now she's struggling to find a job and her dream is slipping away.

A boomer moved to Panama from California to save money. She said she's struggling to find work and relying on side hustles to pay the bills.

by: Bill Williamson

December horoscope 2024: Know about career, health & relationship for your zodiac sign

December Horoscope 2024: December is a special month overall. It is a month of festivities - Christmas, New Year's Eve, and Winter Solstice makes it meaningful, joyful, and reflective. It is a good month for meditation and manifestation as well. Let's dive deep and see the December 2024 horoscope for all the zodiac signs.

by: Bill Williamson

Universal healthcare - lessons from the past

My husband and I have begun to do our research to determine where we would like to retire. Bermuda is definitely high on the list, but there are several factors that are not ideal for retirees, one

by: Bill Williamson

'Not exactly a political powerhouse': Conservatives left scratching their heads at Trump's labor pick

by: Bill Williamson

Tax Software vs a Tax Professional: Which Should You Choose?

How complex are your taxes? Here's how you can decide whether you can go the easy route or need the help of a pro.

by: Bill Williamson

Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city

by: Bill Williamson

India Inc thrilled over FinMin's proposal to hike FDI limit in insurance sector to 100%

by: Bill Williamson

French finance minister says budget can still be improved

French Finance Minister Antoine Armand said on Saturday that the 2025 budget could still be improved, but stopped short of giving ground in a standoff with the far right over new concessions.

by: Bill Williamson

Unlocking Africa's Economic Potential: Sean Michael Brehm On The Role Of Decentralized Edge And Quantum Computing

Africa, rich in natural resources yet hindered by infrastructure challenges, is poised for a technological revolution that could transform its role in the global economy. With the global commodities market set to grow significantly in the coming years,

by: Bill Williamson

TVS Holdings receives RBI approval for acquisition and change in management of Home Credit India Finance

by: Bill Williamson

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

by: Bill Williamson

JSW MG surges in sales: Is this the disruption electric car market needs?

In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).

by: Bill Williamson

Real estate query: Leasehold vs Freehold Property - What's the difference and which is more beneficial?

A leasehold property is essentially a property that a lessee or tenant agrees to rent from a lessor for a predetermined period, while in freehold property, the owner has absolute and permanent ownership of both the land and the building.

by: Bill Williamson

Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market

The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.

by: Bill Williamson

Cyprus Business Now: tourism performance, government surplus, SME funding

Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service's passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.

by: Bill Williamson

Tax Query: Long and short of residential capital gains tax

by: Bill Williamson

Meet 9 influential Africans - Report

Africa is home to some of the brightest minds who have not only excelled in their respective fields but have also made

by: Bill Williamson

Lombard Odier indicted in Switzerland for money laundering

Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money laundering", in a rare charge of such magnitude against one of Switzerland's biggest and oldest wealth managers.

by: Bill Williamson

Help! I have a job and side hustle making Sh82,000 per month, yet I live hand-to-mouth

In the meantime, focus on expanding your business for higher returns ... Invest in improving your skillset and learn more about personal finance to manage your money effectively. Got money questions?Send us an email at [email protected] and leave ...

by: Bill Williamson

18 Indian billionaires who built their wealth in Africa

Here are 18 Indian billionaires who turned Africa into their land of opportunity: Naushad Merali, Sunil Vaswani, Narendra Raval
Fri, November 29, 2024

by: Bill Williamson

No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department

As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in cash during a fiscal year without having filed income tax returns for the previous three Assessment Years.

by: Bill Williamson

Meet Top 10 Companies Revolutionizing the Market and Transforming Their Sectors

In a dynamic and ever-evolving business landscape, 2024 is witnessing the rise of innovative companies shaping the future across diverse industries. From tech-driven solutions to creative storytelling,

by: Bill Williamson

Jack Ma returns to Alibaba campus, as China moves to boost business confidence

Jack Ma, founder of Alibaba Group Holding, on Friday visited the company's campus in Hangzhou, capital of eastern Zhejiang province, in a show of support for the e-commerce empire he created a quarter of a century ago,

by: Bill Williamson

Turnarounds uncertain at Macy's, Kohl's, Nordstrom as department stores enter the holiday season

Plus, off-price retailers such as Ross Stores (ROST) and TJX Companies (TJX) owned TJ Maxx and Marshall's, "are taking sales away from department stores constantly," Swartz added. But, the legacy department stores have still fallen behind digitally and questions surround whether they'll remain public companies in the future amid evolving shopper patterns and high operating costs.

by: Bill Williamson

Nigeria and France sign infrastructure and finance deals

Nigeria and France have signed two agreements to boost infrastructure development and food security while Nigerian lenders Zenith Bank and United Bank for Africa (UBA) expanded their operations into France.

by: Bill Williamson

Dubai unveils major new strategies for innovation, resilience and food security

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, approved the series of new initiatives to enhance Dubai's innovation ecosystem and strengthen its preparedness for future challenges.

by: Bill Williamson

India Q2 FY25 GDP Growth Data 2024 updates Live: Economic growth slows to 5.4%

Get all real-time and latest live news on India's Gross Domestic Product (GDP) growth in 2nd quarter of the 2024-25 Financial Year.

by: Bill Williamson

Adani saga a week on: market cap loss, negative outlook, cancelled deals & a fightback by group

US indictments landed a blow on Adani Group, with international deals being reviewed and ratings agencies changing outlook. But recent efforts have helped it claw back market cap.

by: Bill Williamson

GDP report: international business powers island's economy

Bermuda's international business sector accounted for almost a third of the island's gross domestic product last year, the economy minister said yesterday. Outlining the 2023 GDP report, Jason

by: Bill Williamson

NBK-Egypt reports $104.8mln in net profit by the end of Q3 2024

by: Bill Williamson

US business community calls for deeper China-US economic ties

by: Bill Williamson

Breaking barriers in finance: How ATME is set to reimagine regional capital markets with RWA tokenisation

Bahrain's regulated digital exchange dedicated to tokenised RWAs. Licensed by the Central Bank of Bahrain (CBB), ATME seamlessly integrates blockchain technology with traditional financial instruments to offer a secure and compliant digital marketplace that connects businesses seeking efficient funding pathways to fuel growth with investors exploring unique portfolio diversification opportunities.

by: Bill Williamson

15 up-and-coming AI-powered fintech startups, according to top VCs

Find out which AI-focused fintech startups are capturing VC attention, offering innovative solutions in finance.

by: Bill Williamson

CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from Citi in a co-financing arrangement.

by: Bill Williamson

EPFO's Central Board of Trustees to meet on November 30, several investment related decisions to be taken up

The Central Board of Trustees of the Employees' Provident Fund Organisation is set to meet for the first time this fiscal year on November 30 and will take up several important proposals around investments including the redemption policy for investments into equity traded funds.

by: Bill Williamson

ERP vs CRM: Understanding the Key Differences

Confused about the difference between CRM and ERP? Discover how each system can enhance your business operations in our comprehensive guide.

by: Bill Williamson

I put my dreams on hold for a stable career in finance. 6 years in, I gave up my 6-figure salary to move to Hawaii and start over.

Adam Knorr started working in finance after college but always knew it wasn't for him. After quitting right before a promotion, he moved to Hawaii.

by: Bill Williamson

Zenith Bank Expands Global Footprints With Paris Branch Launch

Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on

by: Bill Williamson

CreditAccess Grameen enters into co-financing arrangement with DEG and Citi

by: Bill Williamson

ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala

ESAF Small Finance Bank has reduced its microfinance exposure from 72% to 62% and plans to further decrease it to 40% by the financial year 2026.

by: Bill Williamson

Lombard Odier indicted in Switzerland over money laundering

The Swiss Attorney General's Office (OAG) said on Friday it had indicted private bank Lombard Odier and one of its former employees over aggravated money laundering.

by: Bill Williamson

Dos and don'ts of borrowing from lending apps: Tips for safe and smart borrowing

Lending apps have revolutionized the way people access loans by making the process quick and convenient. However, borrowing money through these apps comes with its own set of risks. If not handled wisely, it can lead to financial strain or scams. Here's ...

Help! I have a job and side hustle making Sh82,000 per month, yet I live hand-to-mouth

In the meantime, focus on expanding your business for higher returns ... Invest in improving your skillset and learn more about personal finance to manage your money effectively. Got money questions?Send us an email at [email protected] and leave ...

The article from Business Daily Africa discusses the financial struggles of a Kenyan individual earning KSh 82,000 per month, who finds themselves living hand-to-mouth despite what might be considered a decent salary in the local context. The person outlines their monthly expenses which include rent, transport, food, utilities, and other miscellaneous costs, which collectively consume their entire income. The narrative highlights the rising cost of living in Kenya, where even with a relatively high income, many are unable to save or invest due to the high cost of basic necessities. The article also touches on the broader economic issues like inflation, the weakening Kenyan shilling, and the impact of taxes, which exacerbate the financial strain on middle-income earners. It serves as a call to action for better financial planning, government intervention in controlling living costs, and possibly reevaluating salary scales to reflect the actual cost of living.

Read the Full Business Daily Africa Article at:
https://www.businessdailyafrica.com/bd/lifestyle/personal-finance/i-am-making-sh82-000-per-month-yet-i-live-hand-to-mouth-4840114