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Indians do not save enough for retirement : Survey
Report dated 29/10/2013 @ 2:38 PM
According to a survey conducted by global profession services firm Towers Watson, Indian and Chinese employees are at risk of not saving enough for a comfortable retirement as they often put their money in short-term instruments that may not provide a long-term hedge to inflation. Workers in both countries face challenges accompanying increased life expectancy and post-retirement periods.
In India some 80 percent expect to retire at the age of 60 or less, with only moderate reductions in their spending power thereafter. The most popular means of investment is gold or silver and 41 percent consider buying jewellery a form of savings.
Towers Watson India Benefits Director Anuradha Sriram said secure retirement benefits are critical for an employee's future and employers need to facilitate retirement savings and raise awareness among employees by going beyond mere provision into avenues such as the national Pension System that will certainly attract employer attention as a sustainable retirement investment vehicle going forward.
In India, across the age groups, rising living costs emerged as the single largest risk factor to living comfortably after retirement.
Serial bombs go off at Narendra Modi rally in Patna
Report dated 28/10/2013 @ 3:27 PM
Five people were killed and 66 injured in six serial bomb blasts on the outer periphery of Gandhi Maidan, the venue for BJP prime ministerial candidate Narendra Modi's rally in Patna, just minutes before he reached there to address a gathering of tens of thousands.
Five low intensity blasts occurred near the Gandhi Maidan and one blast occurred near the Eliphistine cinema on the western side of the venue.
Hours before the serial bomb blasts a crude bomb went off in a toilet at Patna rail station, a short distance from the venue. One security personnel was injured while defusing a bomb.
Immediately after this explosion, bomb disposal squads swept the area and two more crude bombs were recovered.
At the rally, plumes of smoke billowed from a couple of sites, as Modi and BJP leaders addressed the crowd.
PM Manmohan Singh condemned the blasts and appealed for calm. He called for urgent steps to identify and take action against those responsible. The Union minister of state for home R P N Singh said they could not say whether it was a terror attack or political conspiracy until after an investigation is conducted.
Indians 'out-educating' Americans : President Obama
Report dated 27/10/2013 @ 3:16 PM
Speaking to students at the Pathways in Technology Early College High School in Brooklyn, New York, US President Obama made the statement that 'Now billions of people from Beijing to Bangalore to Moscow, are competing with Americans and work every day to out-educate and out-compete them.
He continued: Every year brings more research showing them pulling ahead of America, especially in math and science and technology, so if the workforce is not educated, it will be left behind and find it hard to get a job that pays a living wage.
The President said America has to educate its young people and prepare them for the global economy.
“Butter, cheese, eggs actually good for your heart” : NRI cardiologist
Report dated 26/10/2013 @ 2:00 PM
Aseem Malhotra who is an interventional cardiology specialist and registrar at Croydon University Hospital, London, says scientific evidence shows that advice to reduce saturated fat intake has 'paradoxically' increased our cardiovascular risks.
Malhotra published his findings in the British Medical Journal saying recent studies have not supported any significant association between saturated fat intake and risk of cardiovascular disease, and the government's obsession with levels of total cholesterol 'has led to the over-medication of millions of people with statins and has diverted attention from the more egregious risk factor of the unfavourable ratio of blood fats'.
Malhotra also said saturated fat has been demonised since the 1970s when a study concluded there was a correlation between incidence of coronary heart disease and total cholesterol. But correlation is not causation. Malhotra gave the example of the US where percentage of calorie consumption from fat has declined from 40% to 30%, but obesity has rocketed.
He states that adopting a Mediterranean diet after a heart attack is almost three times as powerful in reducing mortality as taking a statin.
Malhotra's findings have spun conventional medical wisdom on its tail, by showing that foods like butter, cheese, eggs and yogurt can actually be good for the heart.
Legendary vocalist Manna Dey has died
Report dated 25/10/2013 @ 3:56 PM
One of Indian cinema's legendary singers, Manna Dey, died in a Bangalore hospital at the age of 94. He was cremated at the Hebbal crematorium after friends and fans paid their last respects at the Ravindra Kalakshetra cultural centre.
He had been in and out of hospital for the last few months with respiratory complications and renal failure and finally died of cardiac arrest.
Born Prabodh Chandra Dey in 1919, he came to be known by his nickname Manna. He sang in several languages including Hindi, Bengali, Assamese, Marathi, Malayalam, Kannada, Gujarati, Punjabi and Bhojpuri. He received the Padma Shri, Padma Bhushan and Dadasaheb Phalke Awards.
He is survived by his daughters Shuroma and Sumita. His wife Sulochana died of cancer last year.