Investors in mutual fund plans that allocate 35-65% to equity, with the balance in debt, equity, or a mix of the two, will not get indexation benefits if they hold these instruments for three years or more after Tuesday’s budget announcements.Indexation helped investors significantly lower capital gains by way of using the Cost of Inflation
NEW YORK – New York state’s Medical Indemnity Fund, which helps children injured by medical malpractice, is running out of money. It has enough to keep enrollment open until next spring, but after that, it will need additional funding. Typically, patients who sue for malpractice and win get a substantial award, but in New York,
CHARLESTON COUNTY, S.C. (WCBD) — Charleston County councilmembers have passed a transportation sales tax referendum that will appear on November’s general election ballot. The referendum passed its third reading by a 6-2 vote Tuesday night. If voters pass the tax on November 5, $5.4 billion would be allocated to transportation projects with more than $1.8
What began as a small charitable nonprofit founded by a University of Minnesota business school student has again become ammunition for attacks against the record of Kamala Harris regarding crime. A day after Joe Biden bowed out of the presidential race, as Donald Trump’s campaign recalibrated its attacks on Harris as the Democrat frontrunner, the
MyRacehorse, the racehorse micro-share ownership program, has created Retail With a Purpose, a program that consists of a series of auctions featuring experiences and one-of-a-kind memorabilia that owners can bid on, with 100% of proceeds directed to the MyRacehorse Transition Fund. The fund empowers the MRH racing and aftercare teams to maximize their efforts to
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At the latest meeting of the TSP governing board, agency officials highlighted several changes in progress, with the most immediate being the launch on Friday (July 26) of a target-date 2070 lifecycle fund, the first fund addition since the TSP created L funds through 2065 four years ago. The new fund is “designed for participants
The Department of Labour (DoL) and a federal financial services provider have reached a conciliation agreement to end alleged gender wage discrimination. State Street Corp and the DoL’s Office of Federal Contract Compliance Programs (OFCCP) reached a $4.2m agreement. According to a recent statement, they hope to allocate $4.2 million for future pay adjustments to
The Michigan Strategic Fund board on Tuesday approved an incentive package, including a $120 million grant, for Dow Inc.’s plan to modernize its facilities in Midland and Williams Charter Township. The incentives for Midland-based Dow support the retention of at least 5,000 Jobs and the company’s $785 million investment at two Michigan sites, according to
STAUNTON – The Staunton branch of the NAACP announced in a press release its annual Freedom Fund Banquet is set to take place on Aug. 3 at Hotel 24 South in Staunton. This year’s event, themed “Working Together Defines Our Future,” will honor the achievements and contributions of individuals committed to advancing civil rights and