Federal Employees are not Getting Paid on Time: U.S. Partial Government Shutdown 2018

Getting paid on time is not less than a blessing, and especially when you’re living in the United
States, but due to a partial government shutdown, it becomes a nightmare for the federal
employees to get their payment on time.

How did the Shutdown happen?

It all started when the current president of the United States, Donald Trump, demanded to fund
for a pet project (Southern border wall), but Congress didn’t show enough support to pass it. On
December 21, 2018, Congress let funding for 25% of the government expire, and by the deadline
of the midnight, Senate and the House hadn’t passed a spending bill, so the government partially
shut down.

Shutdown Effects

Because of Washington brinkmanship, U.S. government has to shut down partially on 22 nd
December 2018, but it immediately affects the federal workers, who don’t have any other option
but to wait until the impasse ends. As per records, 420,000 employees would have to work even
without payment. Moreover, almost 380,000 workers sent home without pay, of course.

Federal Employees Pay

It not only hit hard the Washington D.C’s federal workers but also affected the government
agency employees in Alaska, West Virginia, Wyoming, South Dakota, Mexico, Idaho, and
Montana.

As per reports, half of the affected employees don’t even have college degrees. On the other side,
one in five workers have education beyond a bachelor’s degree, and almost 45% of them were
working as administrative positions like air traffic controllers, IT managers, criminal
investigators, and inspectors. Others include blue-collar employees, including custodians,
mechanics, and cooks.

How can the issue resolve?

Well, the three possibilities that can end the shutdown are:

  • If Trump surrenders and agreeing to remove shutdown without getting funds for the
    border wall.
  •  If Democrats give up and agree to a few or all demands of the president.
  •  If Republicans surrender, and join Democrats to pass the spending bill with a veto-proof
    majority for funding the government. In this way, they don’t need Trump’s approval.

These are only assumptions, and nobody knows what will happen next. But one thing is
understandable the federal employees’ lives are at stake even though they are not responsible for
all this fuss.

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Russian Television Says by 2030 US will be the Second Largest Economy After India

The world economy is still in making as India is at the heart of it. Russia Today television was
trying to analyze a future forecast which was postulated by Standard Chartered Bank, it is
believed that India is most likely going to become the second world largest economy by the
year 2030 following China and overtaking US economy. This UK based international bank also
believes that India is likely to be the chief mover, with its trend growth increasing to 7.8% in the
The 2020s, majorly due to ongoing reforms in India for example; introduction of national goods and
service tax and the Indian Bankruptcy Code.

World GDP

The Indian Bankruptcy Code which was launched in India in 2016 helps the country in
consolidating the country’s bankruptcy and insolvency laws. On the other hand, the
introduction of national goods and service tax was launched in 2017 and it is helping India by
simplifying the tiresome and cumbersome tax regime.

In the US the aging population outnumbers the youth while India is well recognized as the
home of the world’s largest group of young people, a population section which is believed to
have help and will help in consumerism in India’s economy. Though for this to be achieved it is
believed that 10 million jobs have created in the service and manufacturing industries in
India.

India Q2 GDP Growth Raised To 6.3% From Q1 5.7%

Market Tweets (Trusted Sources)

GST: The Goods and Services Tax

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India Election and Stock Market Performance during Past and Upcoming Election chances

These days’ Indian investors are anxious concerning their economic growth, which is supposed to be destabilized by the upcoming elections in the country. If we look back at 2014 elections, investors were excited with assumptions that BJP will come into government this time with Narendra Modi as prime minister. They were hoping that he will give priority to the development by making more reformed policies and governance. When the results of General Elections 2014 were announced, that positively impacted the stock market performance. Investor’s reaction to the results was very positive, and BJP’s prime ministerial candidate showed an impressive performance of economic governance in Gujarat.

Indian Parliment Election

Look, the stock market always works on speculations, assumptions or anticipations about something positive and negative. History has made us to believe that any big event can impact stock market performance as per peoples’ assumptions. Furthermore, this stock market gets stable and adjusted when that event actually happens. There is one very widely accepted beliefs about the market, “Market moves on the news and gets adjusted on actual things happens.” You can make huge profits through stock market performance during elections by buying or selling the moment news or assumptions made, and after that selling and buying when things actually happen.
Looking at the Indian economy, BJP party is always considered as investors friendly by the market participants. It is widely considered as this party has a more policy-oriented approach than freebies government. Indians are confident that now BJP will come into government, and they will get the market momentum by making more productive policies and bills. In the hope of these assumptions, they have started buying stocks to later make profits from them by selling these stocks when the market goes up. But the irony is that, if the BJP party could not come into government, the market could definitely crash up to 10 percent or even more. Therefore, the stock market is actually a confidence game and it widely works on speculations and news about the big events like elections. You will see the stock market will fluctuate even after 12th May. Actually, this opinion poll cannot conclude or ad any value to any company or stock market, but people will still buy and sell shares according to these speculations. Hoping I gave a bit sense of this irony.
But this time Congress is also made their grand entry with the state election results. There is a chance that if Congress wins the stock market became volatile, but soon after it will be steady or uptrend after a few days. Lets hope.

Which All Stocks Provides Highest Dividends | 2017-2018

World Stock Market Timings (IST)

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Top Five Billionaires of 2018

Nobody can become successful and wealthy overnight. It takes decades to gain success in
business, but with the use of right marketing and administrative strategies, of course. If you have
passion, devotion, and techniques to run a brand, then nothing can stop you to become a
billionaire. Yes, earning billions is a dream of almost every individual, but there are few people
in this universe, who are setting an example for newbie investors. Let’s have a glance on world’s
top five billionaire investors (Forbes), who earned and are still earning billions of dollars every
year.

1. Jeff Bezos

Jeff Bezoz

With an approximated total value of $150 billion, Jeffrey Preston Bezos, shortly Jeff
Bezos, is a 54 years old U.S investor, tech entrepreneur, and philanthropist. He is the
developer and CEO of Amazon, which is an e-commerce platform, where you can buy
books, DVDs, computers, software, videos, electronics, magazines, and much more.
When he initiated Amazon, his parents helped him by investing several thousand dollars
in his startup back then in the 1990s, but it was his incredible inventiveness that led his
business to this level of success. He left his job at the age of 29 to concentrate on trading
and creating customer base through the internet when people had not much idea about
online businesses.
With great products and the best customer care service, his business flew like fire. He
then invested in various other companies like Uber, Twitter, and Airbnb, also purchased
Washington Post, Zappos, Elemental Tech, Blue Origin, Whole Foods, IMDb, Audible,
and a few more.

2. Bill Gates

Bill Gates is not anonymous to anyone as he’s an American investor, author,
philanthropist, and a founder of Microsoft Corporation.
With his high school friend, Paul Allen, he found Microsoft, and then he didn’t need to
look back as he got worldwide success and fame through it. Later, his friend separated his
way due to health concerns, and Bill Gates had managed everything on his own
afterward.
Though he stepped down as a CEO of Microsoft long ago, still his net worth as of 2018 is
90 billion (Forbes), and he currently runs a successful non-profit organization with his
wife, Melinda. Gates also announced to launch $1 billion Breakthrough Energy
investment in 2016. His passion for tech, the obsession to learn new things, right
investment strategy, and simple lifestyle play an essential role to become the world’s
second billionaire.

3. Warren Buffett

One of the most successful investors, Warren Buffet, also known as Oracle of Omaha is
not only the investor but also quite an influential entrepreneur. He runs Berkshire
Hathaway, a company which owns over 60 other companies. The top-notch brands
include Insurer Geico, restaurant chain Dairy Queen, and battery maker Duracell.
It would be a quite surprising fact that he bought his first stock at the age of only eleven,
and he filed taxes at thirteen. Well, he was a son of U.S Congressman, so it wasn’t a big
deal for him, of course. He kept his promise of giving his 99% of his fortune by donating
$35 billion to Bill and Melinda Foundation. As of Forbes 2018, Warren’s net worth is
$84 billion, which makes him the third billionaire of the world.

4. Bernard Arnault

According to Forbes, the fourth billionaire of the world as of 2018 is none other than
Bernard Arnault, who runs LVMH, French multinational luxury good conglomerate.
LVMH formed through a 1987 merger that owns over 68 international luxury goods
brands. The subsidiaries of the company include and not limited to Louis Vuitton,
Christian Dior SE, Sephora, Celine, Bulgari, Hennessy, and Givenchy.
In 1980, Arnault bought Financiere Agache in $15 million only, which is a parent
company of Dior, and he invested it through his father’s money. Later in 2017, he bought
out Christian Dior, too. His right investing skills helped him a lot in becoming Europe’s
first richest person alive.

5. Mark Zuckerburg

Who wouldn’t know about Mark Zuckerburg, who is the founder and CEO of the social
networking service company, Facebook? Everybody knows about him. One of the
youngest billionaires in the universe is just 33.
He started Facebook (FB) in 2004 at Harvard at the age of 19 with his other university
mates for students to match names and faces. Later, he took FB public in 2012. He owns
almost the 17% stock till date. In 2015, he pledged to give away his 99% of the wealth
for a charitable purpose.
However, he has faced criticism for sharing users’ data with political consulting firm
Cambridge Analytica in 2018.

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Which All Stocks Provides Highest Dividends | 2017-2018

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Top 10 Best Stock Brokers India

Vote For Your Favourite Broker

Know India's best stock broker according to public votes. Stockbroking is being very popular n India because of the country's GDP growth. Its not easy to pick the best stock broker by considering the facts safety, security, platforms, support and other features. Choose your favourite two broker houses and see the result.

1. ICICI Direct

Being a leader with a large customer base in India, even though their brokerage is high, trust is more important in investing. That’s why ICICI still a leader in broker services.

2. HDFC Securities

By considering the investments and revenue, HDFC is among top broker in India

3. Zerodha

It’s growing fastly because of its simplicity and discount brokerages. Open Account Now

4. Sharekhan

Sharekhan struggled after the 2009 recession, then now again active with their business

5. Axis Securities

Axis is getting best reviews recently and their platform is the best in the industry to trade

6. Kotak Securities

With 3 in 1 facilities and improvements in banking made it to a competitor for the above brokers

7. Angel Broking

Active in their business, having lots of franchisees in India

8. Motilal Oswal

Best in research and advisory provides best recommendations for investments

9. India Infoline

IIFL is popular from old days, it is huge no of customers

10. Karvy Stock Broker

Headquartered in Hyderabad, India. Karvy Group is one of the leading financial services conglomerates.

This list is temporary, please vote for your favourite stockbroker and know top 10 best broking firms

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Suzuki launches new Jimny, know when will knock in India

Japanese car maker Suzuki has launched its new generation model 2019 Suzuki Jimny 4×4 in the market. Recently the company released its photo.

New Delhi (Auto Desk) Japanese car maker Suzuki has launched its new generation model 2019 Suzuki Jimny 4×4 in the market. Recently the company released its photo. Suzuki’s car is for the European market. There is a 1462 cc 4-cylinder petrol engine. Which generates 130 bits of nm at 100 bhp and 4000 rpm at 6000 rpm. It has a 5-speed manual gearbox and 4-speed automatic torque converter. If this car launches in India then it can be fought from Mahindra’s Bolero. Explain that Bolero is a very successful car in India.

According to Suzuki, most of the designs in the new Jimny have been taken from the old Jane models. Talk about its features, there are round headlamps, five slot grills and three doors. Suzuki unloads its SUV in eight colours, but the company has launched its new landline in two exclusive colours. In which one Kinetic Yellow and the other is Green.

Its cabin is equipped with new facilities. Its interior is in black colour. Talking about the music system, the touch screen facility has been provided with an automatic climate control system and a multifunctional steering wheel.

Due to safety, there is DUAL Sensor Break Support (DSBS), which gives audio, visual warning when at risk. Other security features include 6 airbags, electronic stability program (ESP) and tire pressurized monitoring system.

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New Income Tax Slabs 2018 | India

Financial Year 2017-18, Assessment Year 2018-19, The finance minister has reduced the income tax slab from 10% to 5% in the slab of 2.5 lakhs and 5 lakhs. With this, there is a proposal to reduce the existing rebates (currently up to Rs 5 lakhs) under section 87A from Rs 3.5 lakh to Rs 2.5 lakh, from Rs 5000 to Rs 2500.

Age<60

Income less than Rs. 2,50,000 = Zero, The total income is more than Rs 2,0,000 but less than Rs 5,00,000 = 5% on income which is more than 2,50,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000

Age>60

Tax Rates Income less than Rs. 3,00,000 = Zero, Total income is more than Rs. 3,00,000 but less than Rs. 5,00,000  = 5% on income which is more than 3,00,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

60<Age<80

Income less than Rs. 3,00,000 = Zero, Total income is more than Rs. 3,00,000 but less than Rs. 5,00,000 = 5% on income which is more than 3,00,000, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

Age>80

Income less than Rs. 5,00,000 = Zero, Total income is more than Rs. 5,00,000 but less than Rs. 10,00,000 = 20% of what is more than 5,00,000, Total income is more than Rs. 10,00,000 = 30% more income than 10,00,000.

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Different Types of Mutual Funds in India

Today we are going to discuss the different type of Mutual Funds,

MFs are categorized on the basis of which type segment we invest, like Equity mutual fund, Debt mutual fund and Hybrid mutual fund.

Equity Mutual Funds

As per name Equity Mutual Funds are those funds which are invested in the stock market, It is also divided into

Large Cap Fund

Mid Cap Fund

Small Cap Fun

Sector Fund

Diversified Equity Fund

Dividend Yield Fund

ELSS

Thematic Fund

Two Different Mutual Fund Structures

More than above Mutual Fund schemes have different style investment options, which are

Open Ended Fund:- A user can invest or withdraw units anytime that’s the advantage.

Interval Fund:-

Close Ended Fund:- After first investment time, it has a maturity period, in between this period no one can invest or withdraw the funds.

There are International Fund, Real Estate Funds, Gold Funds, Exchange Traded Fund categories as well for MFs.

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What are the best ways to find best mutual funds for beginners

Usually, people find best mutual funds schemes by looking into star ratings through websites like moneycontrol or valueresearchonline. Or sometimes we look into rankings of the best fund schemes which has given best returns in the previous 3 to 4 years.

But such cases for highly rated fund scheme managers need to be more responsible for such huge investments from customers and this leads him to compromise on the stocks he selects in the future.

So it is not predictable that the schemes which have the good track record till date will perform better in the future.

To pick the best mutual fund schemes go through these points mentioned below,

  1. The fund which has the best track record on the basis of consistency, with which safe track record rather than risky.
  2. Check for the fund manager previous track records also check if the fund manager changed for a particular mutual fund scheme. If a fund manager handles 5 funds and he is managing 3 or 4 funds better out of 5, then we can consider him he is good at managing fund schemes.
  3. Best return without risk track records are important.
  4. Large caps with a big percentage of return is more important than mid-cap/small-cap fund with a small percentage of returns.

 

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