India’s poor don’t want money — they want health care

It’s an important question, because India makes widespread use of cash transfers and is contemplating a universal basic income — cash for everyone. One of the things that appeal to development experts and donors about direct cash transfers is that they’re not paternalistic. Instead of deciding how money is spent, you give people the money, trusting that they have a better idea of their needs than you do and that they’ll spend it wisely. This mostly holds up; studies have found that cash transfers are largely spent on food, housing, and education, and don’t…

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‘Ambani might have the money, we have the technology and innovation’

Vikram Kumar – founder and CEO, Letstrack – recently relocated his India operation to Gurugram, into a swanky new office, a move that’s a reflection of how well the startup is doing. Offering real-time tracking via GPS, Letstrack currently has more than two lakh users, its customer base increasing 15% month on month. It’s all about mindset, says Kumar, who boasts 18 years of professional experience, as a consultant in the telecom industry and developer of software. “We are crazy about what we do and how we do it – it’s…

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5 travel fails that can cost you money or ruin your trip

Security lines at Hartsfield-Jackson International Airport in Atlanta stretch more than an hour long on Jan. 14, 2019, during the government shutdown. (Photo: John Spink, Atlanta Journal-Constitution via AP) We all do dumb things when traveling from time to time, but if we learn from our mistakes we can save time and money. Here are some of the most common failures – ones I’ve been guilty of, too –plus what they can cost and how to avoid them. 1. Failure to take into account airport delays In case you’ve been in…

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Where the super wealthy are investing their money

Where the ultra-rich invest during a volatile market   7:30 AM ET Sun, 18 Nov 2018 | 03:13 Ultra-wealthy investors aren’t bullish on the markets but they are well positioned to “weather the storm,” according to Michael Sonnenfeldt, founder of investment club Tiger 21. In the third quarter, Tiger 21 members moved more capital into real estate and private equity, according to its latest asset allocation report. The network, which is made up of more than 600 entrepreneurs from every industry, has $60 billion in assets. Real estate accounts for 28…

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‘Ease of doing biz’ is not ‘ease of making money’: Steel minister

Steel minister Chaudhary Birender Singh on Tuesday said India needs to raise per capita consumption of the commodity, while asking the industry to play ethical by differentiating between ‘ease of doing business’ and ‘ease of making money’. It is not just the duty of the government or the steel ministry in specific, each one has a role to play, he said at KATM conference on raw materials for steel and power here. He was speaking on the key role society has to play with regard to various issues be it…

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In war against black money, Modi govt steps up scrutiny of shell firms

When Prime Minister Narendra Modi banned high-denomination currency bills in a surprise move late last year, authorities noticed a surge in shell companies depositing cash in banks, seemingly in a bid to hide who owned that wealth. The moment, said a top aide to Modi, was an eye-opener for the government, which had not realized just how much shell companies were being used to hide assets and launder money. Modi’s office has formed a team of top law enforcement and revenue officials to go after such companies, according to the aide…

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The Ultimate Guide to Gym Memberships: 7 Ways You Can Save Money

An estimated £3 billion is spent by British gym-goers annually to get into shape and it is a similar case in other countries as well. A large chunk of it goes into buying nutrition books, fitness DVDs, equipment and of course, gym clothing. The budget hits the roof in no time and when it comes to expensive gym membership, one only begins to cringe. Self-training or regular outdoor runs will always remain the best and most inexpensive ways to stay fit. However, for people with absolutely no history in fitness…

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The Ultimate Guide to Gym Memberships: 7 Ways You Can Save Money

An estimated £3 billion is spent by British gym-goers annually to get into shape and it is a similar case in other countries as well. A large chunk of it goes into buying nutrition books, fitness DVDs, equipment and of course, gym clothing. The budget hits the roof in no time and when it comes to expensive gym membership, one only begins to cringe.Self-training or regular outdoor runs will always remain the best and most inexpensive ways to stay fit. However, for people with absolutely no history in fitness and…

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