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APPG Gaps in Support
@APPGGapsSupport 5 years, 6 months ago 850 views

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Our Targeted Income Grant Scheme (TIGS) offers desperately needed support to millions of business people who have been frozen out of Covid support, but … /

…it represents a beginning not an end. It’s an important first step in the right direction, but by no means delivers parity for those who find themselves unfairly excluded from help in these difficult times.

We will continue to fight for justice for all those who have fallen through the gaps.

A one-off TIGS grant will offer some groups desperately-needed help in the short-term, and allow the Treasury a little time to examine additional proposals in more detail /

If adopted by government, TIGS would be a huge step forward. But people are excluded from help for countless reasons, and we are happy to aid the Treasury in identifying solutions that reach everyone who needs support /

The APPG's proposals are based on the impressive range of expertise and evidence we have been able to draw on from our family of groups, policy advisers and APPG members… /

…and our solutions also meet Treasury qualifications. We believe the TIGS plan should be accepted, opening up opportunities for further dialogue around additional schemes /

We are all frustrated – and, yes, angry – that this process continues to be so drawn-out, and we are painfully aware of how dire the situation is for many of the people we’re championing /

But we have to start winning some battles as we continue to fight for the right of millions of taxpayers to be treated fairly /

That means helping the Treasury to support taxpayers who, through no fault of their own, have been cast aside while millions of others have quite rightly received Government support.

We hope that TIGS will be adopted by government, and we look forward to achieving wins for other excluded groups soon too.

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Investment Books
@InvestmentBook1

Mega Thread on Personal Finance 101

👇👇👇

Rule of 72 (Double Your Money)
Rule of 114 (Triple)
Rule of 144 (Quadruple)
Rule of 70 (Inflation)
4% Withdrawal Rule
100 - Minus Age Rule
10, 5, 3 Rule
50-30-20 Rule
3X Emergency Rule
40℅ EMI Rule
Life Insurance Rule

♻ Rule of 72

No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if U want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs

At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs

📋Rule of 114

No. of years required to triple your money at a given rate, U just divide 114 by interest rate.

For example, if you want to know how long it will take to triple your money at 12% interest, divide 114 by 12 and get 9.5 years

At 6% interest rate, it will take 19yrs

🗒️ Rule of 144

No. of years required to, quadruple your money at a given rate, U just divide 144 by interest rate.

For eg, if U want to know how long it will take to quadruple your money at 12% interest, divide 144 by 12 and get 12 yrs

At a 6% interest rate, it will take 24yrs

🗒️ Rule of 70

Divide 70 by the current inflation rate to know how fast the value of your investment will get reduced to half its present value.

The inflation rate of 7% will reduce the value of your money to half in 10 years.

$Bankinstein \U0001f1f1\U0001f1e7$

Bankinstein 🇱🇧...
@bankinsteinlb

Last week Hizbollah's finance institution Al Qard el Hasan was hacked by Spiderz. A group of people took that Data and tried to make sense out of it. Below are the findings

https://t.co/eGLqvb28o5

Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.

AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.

AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.

Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.

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$Shravan Venkataraman \U0001f525\U0001f680\U0001f4b0$

Shravan Venkataraman 🔥...
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Do you keep your gold assets in bank locker? You are probably paying some fees every year for your lockers.

Instead, what if you could get a locker for free?

What if I said banks would pay you to keep your gold assets safe?

Time for a thread. 👇👇👇

1/ The major issue with having gold in bank lockers is

- You pay hefty fees on an annual basis to the bank.
- The lockers aren't insured
- There's no real safety/security in case of theft or an unfortunate event.

Is there a work around?

Yes.

Enter "Gold Monetisation Scheme".

2/ GOI introduced the Gold Monetisation Scheme in 2015. The main objective was to cut down India's gold imports.

How it works:

You deposit your gold in bank.
They keep it safe for a fixed number of years.
You get it back as physical gold or cash on maturity.

3/ What should you do to be eligible?

You should take the gold you want to deposit to a Collection and Purity Testing Centre (CPTC). GOI has established over 300 CPTC's across India.

They will take your gold, evaluate its purity, and provide a receipt for the gold quantity.

4/ You take the receipt to your bank.

Create a gold monetisation scheme account in your bank.

Give them the receipt provided by PTC.

Your bank will then convert that receipt to a scheme certificate as part of your GMS account.

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One reason the Left hates Rush so much is that he was so effective at skewering their pretensions to moral and intellectual superiority. He made it okay to laugh at them, to judge the failure of their policies without ritually celebrating their alleged good intentions.

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Two year back thread on MFI, someone liked this so came up in notifications . Rather than running around 100s of indicators, I have made this my go to indicator under any circumstances and have been using this for years

What do you think/use as the most robust leading indicator if following technical analysis ? Please answer with reason , I will provide my answer after 2 hours
( At Delhi airport , bored as hell )
— Subhadip Nandy (@SubhadipNandy16) August 12, 2019

This thread actually had some great answers , one can learn a lot about the thought processes of different traders from the answers. Please go thru them

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#Trichy
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Samayapuram Mariamman Temple is located in Samayapuram of
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Tinker ❎
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