Harnessing youth power for meaningful progress

The Urban youth The Indian metropolis and cities today witness increased employment for their burgeoning population, rising income commensurate somewhat with the cost of living and unprecedented phase of growth of industrialisation and consumerism. These have given rise to a new generation of wealth creators, impacting the attitude and behaviour of urban youth. An upsurge in growth and wealth has…

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US Détente brightens Defence prospects

Although isolated geographically and despite being a small nation, New Zealand is considered a major asset by the international community and an important player in world affairs. Its democratic credential, tough stand on nuclear disarmament and active participation in global organisations such as the UN have earned for New Zealand respect and position of importance over the past two centuries.…

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CGT will deplete propensity to save

It is not clear if the Labour Party’s proposed changes to the Capital Gains Tax (CGT) would affect financial arrangements and offshore investments, although overseas experience would suggest otherwise. These would include New Zealand’s financial arrangements and the Fair Dividend Rate (FDR) regime. Impact on KiwiSaver While the proposed CGT would not apply to KiwiSaver withdrawals (although it will catch…

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New legislation puts onus on financial advisers

The collapse of a number of finance companies in recent years has spelt substantial loss to many investors. Hence, the role of Financial Advisers and the advice that they provide have become crucial to retain confidence among the investing public. The Government promulgated the Financial Advisers Act (FAA) 2008 on July 1, 2011. The new legislation, coming under the purview…

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Bank forecasts positive growth for economy

The New Zealand economy is gaining ground with higher than expected growth expected during the last quarter, according to the latest Standard Chartered Bank Global Research. The Study, released on July 14, attributed its optimism to a number of factors, including a more robust manufacturing, post-earthquake relief triggering recovery, revival in business and consumer confidence and the resurgence of the…

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