Free Press Journal
  • Pakistan vs Sri Lanka 3rd ODI: Mohammad Hafeez reported for suspect bowling action for the third time

    Dubai: Pakistan’s off-spinner Mohammad Hafeez has been reported with a suspect bowling action during the third ODI against Sri Lanka in Abu Dhabi on Wednesday. The match officials’ report, which was handed over to the Pakistan team management, cited concerns about the legality of the 37-year-old’s bowling action. Hafeez’s bowling action will now be scrutinised…

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  • Mumbai: Narayan Rane joins NDA, may get a ministry in Maharashtra government

    Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Tuesday announced that former Congress leader, Narayan Rane has joined National Democratic Alliance (NDA). He also said that the party will also expand the cabinet soon. “We’ll have a cabinet expansion soon. Narayan Rane has joined NDA, we will think about him what should be done,” Fadnavis said….

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  • National Pension System becomes attractive – A N Shanbag

    NPS, is a defined contribution pension scheme. The first version was made applicable only to Central Government Employees (but not Armed Forces) joining service on or after 1.1.04. The previous pension scheme was a defined benefit scheme and was very beneficial to the employees. It benefited even those whose contribution was little, specially the ones…

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  • A N Shanbag

    Making Investments work Harder – A N Shanbhag

    Albert Einstein has called compound interest the eighth wonder of the world. And like other things, about compound interest too, he was not wrong. In his book “One Up On Wall Street”, legendary Fidelity fund manager Peter Lynch, narrates a story. About the native (Red) Indians of Manhattan, who way back in 1625 sold all…

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  • At least 25 dead in Indonesian earthquake: officials

    Meureudu, At least 25 people died and hundreds were injured after a strong earthquake struck off Aceh province on Indonesia’s Sumatra island today, local officials said. The shallow 6.5-magnitude quake struck Pidie Jaya district at dawn, as some in the predominantly Muslim region prepared for morning prayers. Mosques and shops were flattened in the small…

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  • Post-Brexit blues: What lies ahead?

    The silence of the political class, particularly the government, on post-Brexit roadmap or unwillingness to speak about the uncertainty means that it isn’t doing its job properly, or its advisors aren’t ready with their strategies. The government need not give a running commentary but it cannot remain silent about its exit plan when it’s so…

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  • Bold Move, Wrong Target

    The government should have focused not just on old stock but future flow of black money generation. Hence high value notes should have been removed from circulation It’s the season of metaphors, be it to describe the attack on terrorist camps or on black money. When the rot is deep, you need drastic surgery to…

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  • Nuclear deal signed: Japan says it’s for India only

    The nuclear agreement comes after tough negotiations for over six years between the two countries Tokyo: Shedding its reservations, Japan on Friday made an exception to sign a landmark civil nuclear deal with India, opening the door for export of its atomic technology and reactors, after adding features like safety and security keeping in mind its…

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  • Understanding Redevelopment and likely Income Tax by A N Shanbhag

    We have received the following query from one our valued readers. The answer is very interesting and is of general interest. Query — Recently, our society went for redevelopment as the buildings had become very old. As per the development agreement, the society agreed for the developer to demolish existing buildings, load the TDR available…

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  • Employees Stock Option Plan

    Nowadays, in the days of start-ups, more than the actual salary, it is ESOPs that are the primary means of compensation. ESOPs are nothing but shares of the company offered to the employee either free of cost or at a significant discount. Often, this is done to make up for the lower monetary compensation that…

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