Support for the idea of a debt conference has also come from some surprising sources. German public opinion is generally viewed as opposed in principle to any more help for the Greeks. But Hans-Werner Sinn, president of the Ifo institute in Munich, one of the country’s key economic thinktanks, last week became one of the most prominent German voices arguing for an international summit to agree a debt write-off, from the pragmatic point of view that Germany is unlikely to get its money back anyway. … [Read more...] about A new idea steals across Europe – should Greece’s debt be forgiven?
Private sector pensions
"The residents would revert to normal contributions at the end of October. It is one of the best things that would happen to my family. We are living on a constrained budget," said Mukhwana, whose husband works as a motorbike taxi operator in the suburb. … [Read more...] about Feature: Kenyan workers hope for better pay as COVID-19 cases decline
We know that FD interest is a key source of income for a large section of senior citizens. Keeping this in mind, we are offering higher interest rates to them through the new scheme…We believe that this scheme will help them to create a good pension kitty on their long term deposit and thereby enhance their convenience,“ Pranav Mishra, Head – Liabilities Group, ICICI Bank said. … [Read more...] about ICICI Bank announces sharp cuts in fixed deposit interest rates – Check latest FD rates here
The continued regulatory reforms in bond markets ensure improved ease of access for investors. There are tax exemptions to ‘Sovereign Wealth Funds’ and ‘Pension Funds’ for Infrastructure investment. FDI into India rose by 20 percent in 2019. This when global FDI inflows fell by 1 percent. This shows the success of our FDI regime. All of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy. … [Read more...] about Full text of PM Modi’s speech at US-India Strategic Partnership Forum
According to Senate Bill 151, no changes will be made to teachers' annual cost of living adjustments, which are general benefit increases based on increases in the cost of living. However, new teachers will have to enter a new hybrid cash balance retirement plan as part of their benefit pension plan, in which they must contribute a specific amount of money to their account. The retirement plan merges features of a traditional pension with features of 401(k) accounts used in the private sector. Kentucky teachers are already ineligible for Social Security benefits. In addition, teachers will have a limited number of sick days that can go toward their retirement. … [Read more...] about Kentucky, Oklahoma Teachers Rally Against War on Public Education (PHOTOS)