Tag: business

  • Avocor to Showcase Latest Innovations at Integrated Systems Europe 2025

    Avocor, a global leader in collaboration and communication solutions, is pleased to announce its product line-up for Integrated Systems Europe (ISE) 2025. On Booth 2V300 the company will showcase its comprehensive line-up of solutions designed for new ways of working and learning. Among the solutions on display will be the award-winning E92, as well as the S Series, and K Series, all of which are making their European trade show debut.

    Avocor to Showcase Latest Innovations at Integrated Systems Europe 2025

    “At Avocor our goal is to empower businesses and institutions to achieve their full potential through effective collaboration and communication,” says Dana Corey GM & SVP of Global Sales, Avocor. “At ISE 2025, we’ll showcase a range of display and software solutions that cater to the diverse needs of all types of organisation; from large corporate enterprises and SMEs, through to universities, colleges, schools and other types of public building, where our technology is already transforming the way people work and learn.”

    Products on display will include:

    • E92 Display: The Avocor E92 interactive touch screen display revolutionises meeting environments with its 92-inch ultra-wide LCD display and 21:9 aspect ratio that  offer an expanded interactive workspace It eliminates the need for dual-monitor setups. With a high resolution of 5120×2160, it ensures crystal-clear visuals and supports multi-user interaction with up to 50 touch points on Windows. Ideal for immersive presentations, video conferencing, and digital signage, the E92 delivers exceptional performance and versatility.
    • S Series Displays: The Avocor S Series has been specifically designed for educational environment to support effective teaching and learning. Built on an Android platform, the Avocor S Series enables educators to use their favourite applications straight from the display and within the built-in whiteboard platform. Combining the robust, intuitive experience you would expect from any Avocor inspire interaction and learning at an incredibly affordable price.
    • K Series Displays: The Avocor K Series is designed for non-interactive environments in corporate, educational, and government sectors. Available in sizes ranging from 55 to 98 inches and featuring QLED technology, the K Series offers exceptional display quality for any space, whether it’s delivering presentations, enhancing digital signage, or supporting large-scale visual communication.

    To experience these groundbreaking display solutions firsthand, please visit the Avocor Booth 2V 300 at ISE 2025. The team will be on hand to answer questions, carry out product demos, and discuss how the company’s innovative collaboration and communication solutions can benefit your organization.


    Neel Achary

  • India’s private sector growth surges to 4-month high in Dec: Report

    India's private sector growth surges to 4-month high in Dec: Report

    IANS

    India’s private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC ‘flash’ PMI data compiled by S&P Global.

    The acceleration was reflected in both the manufacturing and service sectors, as companies across the two segments welcomed a faster upturn in new business intakes, the report said.

    Ines Lam, Economist at HSBC, said: “The rise in the headline manufacturing PMI in December was mainly driven by gains in current production, new orders and employment. The expansion in new domestic orders quickened, suggesting a pick-up in growth momentum in the economy.”

    Aggregate job creation climbed to a survey peak amid a faster increase in outstanding business volumes and optimistic expectations for output in 2025. Meanwhile, a moderation in cost pressures somewhat curbed inflation, according to the report.

    India's private sector growth surges to 4-month high in Dec: Report

    IANS

    The HSBC Flash India Composite Output Index, which measures the combined output of India’s manufacturing and service sectors, registered 60.7 at the end of the 2024 calendar year. Rising from a final reading of 58.6 in November, the latest reading highlighted the strongest growth rate for four months. There were quicker increases in output at both goods producers and service providers.

    The HSBC Flash India Manufacturing PMI – a single-figure snapshot of factory business conditions calculated from measures of new orders, output, employment, supplier delivery times and stocks of purchases – recovered from November’s two-month low of 56.5 to 57.4 in December. This pointed to an improvement in manufacturing sector conditions that was substantial and stronger than seen on average across the series’ history, the report said.

    Demand for Indian goods and services continued to improve in December, as seen by a sharp increase in new orders that was the most pronounced since July. Service providers led the rise in sales, although growth strengthened across the two tracked sectors.

    (With inputs from IANS)

  • Train Cancelled: Railways has canceled these trains on these routes till March 2025, Check List here

    Train Cancelled: More than 2.5 crore passengers travel by Indian Railways every day. Indian Railways is the fourth largest railway system in the world. People get a lot of convenience while traveling by train.

    But for some time now, Indian Railways has canceled many trains due to various reasons. Due to which many passengers have faced problems. Recently, Railways has canceled many trains on different routes. If you are going to travel by train in the next few days. Then first check the list of canceled trains.

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    The railways many cancelled Trains

    Indian Railways operates thousands of trains every day. But many times the Railways has to cancel many trains due to various reasons. Which creates problems for the passengers. Currently, winter has arrived in North India. And in winter, the operation of trains on many routes is affected due to fog. This time also the Railways has cancelled many trains on different routes due to fog. Check the complete list before going on a journey.

    • Train number 14617-18 Banmankhi-Amritsar Janseva Express will remain canceled from 14 December 2024 to 2 March 2025.
    • Train No. 14606-05 Yoganagari Rishikesh-Jammutvi Express will remain cancelled from 14 December 2024 to 24 February 2025.
    • Train number 14616-15 Amritsar-Lalkuan Express will remain cancelled from 14 December 2024 to 22 March 2025.
    • Train No. 14524-23 Ambala-Barauni Harihar Express will remain cancelled from 14 December 2024 to 27 February 2025.
    • Train number 18103-04 Jallianwala Bagh Express will remain cancelled from 14 December 2024 to 28 February 2025.
    • Train No. 12210-09 Kathgodam-Kanpur Weekly Express will remain cancelled from 14 December 2024 to 25 February 2025.
    • Train No. 14003-04 Malda Town-Delhi Express will remain cancelled from 14 December 2024 to 1 March 2025. 
    • Train number 14617-18 Banmankhi-Amritsar Janseva Express will remain canceled from 14 December 2024 to 2 March 2025.
    • Train No. 14606-05 Yoganagari Rishikesh-Jammutvi Express will remain cancelled from 14 December 2024 to 24 February 2025.
    • Train number 14616-15 Amritsar-Lalkuan Express will remain cancelled from 14 December 2024 to 22 March 2025.
    • Train No. 14524-23 Ambala-Barauni Harihar Express will remain cancelled from 14 December 2024 to 27 February 2025.
    • Train number 18103-04 Jallianwala Bagh Express will remain cancelled from 14 December 2024 to 28 February 2025.
    • Train No. 12210-09 Kathgodam-Kanpur Weekly Express will remain cancelled from 14 December 2024 to 25 February 2025.
    • Train No. 14003-04 Malda Town-Delhi Express will remain cancelled from 14 December 2024 to 1 March 2025. 


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    Jyoti

    Jyoti , has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. She has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com

  • North-East gateway to vast Southeast Asian markets, Scindia tells investors

    Meghalaya Chief Minister Conrad K Sangma said the state is witnessing transformative growth

    North-East gateway to vast Southeast Asian markets, Scindia tells investorsIANS

    North-East is India’s gateway to the South and investing in the region will give investors access to the vast Southeast Asian markets, Union Minister for Communications and Development of North Eastern Region (DoNER), Jyotiraditya Scindia, has said.

    Speaking at the ‘North East Trade and Investment Roadshow’ here, the minister emphasised the region’s immense potential, which now stands ready to contribute to India’s growth with an impressive 11 per cent GDP growth rate.

    “The development of infrastructure, human resources, and specialised sectors has positioned North-East India as a key player in the nation’s future,” he added.

    The Union Minister emphasised the importance of building bridges between the vibrant business ecosystems of Mumbai and North-East, thereby ensuring a seamless path for growth and innovation.

    The minister further outlined the region’s progress in various sectors, including tourism, renewable energy, sports and IT, and emphasised the need for a focused quality-driven approach for development of the region.

    Meghalaya Chief Minister Conrad K Sangma said the state is witnessing transformative growth

    Meghalaya Chief Minister Conrad K Sangma said the state is witnessing transformative growthIANS

    He assured investors that the region’s youth, high literacy rates, and abundant natural resources make it an ideal destination for investment, particularly in areas like sustainable agriculture, manufacturing, and technology.

    “With policies in place to support business growth and a commitment to reducing red tape, North-East India is now offering a red carpet to investors, which will contribute to the growth of India, especially its youth,” said Scindia.

    Tripura Chief Minister Professor (Dr) Manik Saha reaffirmed that under the leadership of Prime Minister Narendra Modi, the North-East region, particularly Tripura, is witnessing remarkable growth.

    Tripura, recognised as one of the most peaceful states, has demonstrated impressive economic performance with a per capita income of Rs 1,77,000, making it the second-largest GSDP contributor in North-East.

    With robust infrastructure, including excellent road, water, air, and rail connectivity, and a supportive investment climate, the state is becoming a preferred destination for investors.

    Meghalaya Chief Minister Conrad K Sangma said the state is witnessing transformative growth, driven by strong leadership with a focused investment and development strategy.

    “Under the guidance of PM Modi, the state has developed investor-friendly policies and attracted significant responses, particularly in sectors like tourism, food processing and infrastructure, he added.

    (With inputs from IANS)

  • Share market crashes, Sensex tanks over 1,000 pts

    Share market crashes, Sensex tanks over 1,000 pts

    IANS

    The Indian stock market witnessed a sharp decline in noon trade on Tuesday as benchmark indices Sensex and Nifty fell by more than 1 per cent.

    This decline in the domestic market was seen amid investors’ caution ahead of the US Federal Reserve meeting on December 18.

    On the other hand, the weak performance of heavyweight stocks also brought the market indices down.

    At 1.23 p.m., Sensex was trading at 80,747.04 after declining 1,001.53 points, or 1.23 per cent, while the Nifty was trading at 24,364.70 after dropping 303.55 points, or 1.23 per cent.

    According to market experts, globally, markets will be looking forward to the FOMC outcome on Wednesday. Markets have already discounted a 25bp rate cut and, therefore, the focus will be on the Fed chief’s commentary. Any departure from a dovish commentary will be a negative from the market perspective, they said.

    Sensex and Nifty down

    IANS

    “This is only a remote possibility. The US services PMI coming strong at 58.5 per cent indicates a resilient economy, which augurs well for the market,” they added.

    In the Sensex pack, Bharti Airtel, TCS, L&T, Power Grid, Bajaj Finserv, Reliance, and JSW Steel were the top losers. ITC, Adani Ports, Tata Motors, and Hindustan Unilever Ltd were the top gainers.

    Despite the decline in the key indices, midcap and smallcap stocks fared slightly better.

    Nifty Bank was down 604.45 points, or 1.13 per cent, at 52,976.90. The Nifty Midcap 100 index was trading 82.30 points, or 0.14 per cent, higher at 59,360.75. The Nifty Smallcap 100 index was down 20.20 points, or 0.10 per cent, at 19,510.85.

    Akshay Chinchalkar of Axis Securities said: “The Nifty retraced a portion of the Friday short squeeze, creating a ‘bearish harami’ formation. That means the next tactical move will be decided by which of yesterday’s high or low gets broken first.”

    (With inputs from IANS)

  • Gratuity limit hiked: Govt has increased the maximum gratuity limit from Rs 20 lakh to Rs 25 lakh

    The increased limit of Death cum Retirement Gratuity (DCRG) will benefit those BSNL and MTNL employees whose pension comes under Rule 37 of CCS (Pension) Rules, 2021. The new limit will be applicable on gratuity payments made after January 1, 2024.

    The government has increased the maximum gratuity limit from Rs 20 lakh to Rs 25 lakh for BSNL and MTNL employees opting for pension under joint service. The increased gratuity limit will be applicable from January 1, 2024. This change will be applicable from January 1, 2024 and has been made due to the 50% increase in Dearness Allowance (DA).

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    Gratuity limit increased from Rs 20 lakh to Rs 25 lakh

    The Department of Pension and Pensioners’ Welfare (DoPPW) had issued a notification on May 30, after the DA (Dearness Allowance) reached 50% of the basic salary, raising the gratuity limit for central government employees from Rs 20 lakh to Rs 25 lakh. This increase in the gratuity limit will be effective from January 1, 2024.

    According to the rules, all allowances are revised by 25% when DA reaches 50% of the basic salary for central government employees. According to these rules, the Center announced an increase in several allowances as well as changes in the retirement gratuity limit.

    Department of Telecommunications, Ministry of Communications has increased the gratuity maximum limit from Rs 20 lakh to Rs 25 lakh for BSNL/MTNL employees who have opted for joint service pension and whose pension is covered under Rule 37 of CCS (Pension) Rules, 2021.

    The Department of Telecommunications said in a memorandum, "The payment rates of
     Death-Cum-Retirement-Gratuity (DCRG) will be revised as per Para-3 of DoP&PW OM 
    No.28/03/2024-P&PW(B)/Gratuity/9559 dated 30.05.2024. The maximum limit of Death
     Cum Retirement Gratuity will be Rs 25 lakh from 01.01.2024."
    Let us understand in an easy way what this means for pensioners

    Gratuity limit hiked

    The increased limit of Death cum Retirement Gratuity (DCRG) will benefit those BSNL and MTNL employees whose pension comes under Rule 37 of CCS (Pension) Rules, 2021. The new limit will be applicable on gratuity payments made after January 1, 2024.

    No change in pension calculation

    There has been no change in the existing formula used for calculating pension or family pension. That is, employees and pensioners will continue to receive their pension according to the already established method.

    No change in commutation provision

    Commutation provisions for pension will remain the same, ensuring that there will be no change in the commutation value or calculation.

    On which employees’ pension this change will be applicable

    This change will directly affect those employees of BSNL/MTNL who have opted for pension based on their combined service. This is an adjustment made due to the increase in DA level. The new change has brought financial relief to pensioners in view of rising inflation. This step reflects the government’s commitment to the betterment of the employees.

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  • Indian share market ends in red ahead of key global policy decisions

    Sensex and Nifty down

    IANS

    Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.

    At closing, Sensex settled at 80,684.4, down by 1,064.12 points or 1.30 per cent and Nifty ended at 24,336, down by 332.25 points, or 1.35 per cent.

    According to market experts, widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, Bank of Japan, and Bank of England.

    While the market has already factored in a 25 bps cut from the US Fed, it remains vigilant for any hawkish signals, experts added.

    Nifty Bank ended at 52,834.80, down by 746.55 points, or 1.39 per cent.

    Sensex and Nifty down

    IANS

    The Nifty Midcap 100 index closed at 59,101.90 at the end of trading after dropping 341.15 points, or 0.57 per cent.

    Nifty Smallcap 100 index closed at 19,398.45 after dropping 132.60 points or 0.68 per cent.

    On the Bombay Stock Exchange (BSE), 1,578 shares ended in green and 2,440 in red, whereas there was no change in 89 shares. On the sectoral front, buying was seen in the media sector of Nifty.

    In the Sensex pack, Bharti Airtel, IndusInd Bank, JSW Steel, TCS, Asian Paints, L&T, Bajaj Finserv, Reliance, Nestle India, HDFC Bank, Maruti, M&M, Tata Steel, and Power Grid were the top losers. Only ITC was among the top gainers.

    The rupee traded flat near 84.90 as markets remain focused on the Fed’s final policy decision of the year scheduled for December 18.

    “A dovish tone could push the dollar index lower, providing relief for the rupee. However, any uncertain or hawkish remarks may strengthen the dollar and keep participants bearish on the rupee. The rupee’s range is anticipated between 84.75 and 85.05,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.

    (With inputs from IANS)

  • Step Into the World of ‘Doctors’ – Streaming on JioCinema from December 27, Sharad Kelkar, Aamir Ali, Harleen Sethi!

    Step Into the World of ‘Doctors’ – Streaming on JioCinema from December 27, Sharad Kelkar, Aamir Ali, Harleen Sethi!

    Trailer Link: https://www.instagram.com/reel/DDofCZcAE8y/?igsh=aW1jdGxteGYzZm51

    sharad kelkar, jiocinema,

    National, 16th December 2024: Prepare to immerse yourself in a gripping tale of love and revenge as JioCinema brings Doctors, a captivating medical drama set in the high-stakes world of a prestigious hospital. With the trailer now out, the series, directed by Sahir Raza, offers a glimpse into its intense storyline brought to life by an ensemble cast featuring Sharad Kelkar, Harleen Sethi, Aamir Ali, Viraf Patell, and Vivaan Shah. Releasing on December 27th, Doctors promises to be the ultimate binge-worthy experience to end the year on a dramatic high.

    Produced by Jyoti Deshpande (Jio Studios) and Alchemy Films Pvt Ltd, the story follows Dr. Nitiya Vasu, played by Harleen Sethi, a determined new resident at the prestigious Elizabeth Blackwell Medical Centre, who arrives with a secret mission of retribution. Driven by the belief that her mentor, the celebrated neurosurgeon Dr. Ishaan Ahuja, portrayed by Sharad Kelkar, is responsible for derailing her brother’s career, Nitiya is set on settling the score. However, as they face the challenges of the high-stakes medical world together, she begins to uncover a side of Ishaan that challenges her convictions—and her heart.

    Sharad Kelkar OTT Series

    Talking about his role, Sharad Kelkar shares, “As an actor, I love taking on new challenges and stepping out of my comfort zone, and Doctors truly provided that opportunity. Portraying Dr. Ishaan Ahuja has been an exciting and fulfilling experience. He’s a complex character, shaped by his past, yet remains dedicated to his work as a doctor. I spent hours in workshops with real doctors, which gave me a deeper understanding of their work and the emotional challenges they face daily. I’m really looking forward to the audience watching the story and sharing their thoughts.”

    Harleen Sethi shares, “Playing Dr. Nitiya Vasu has been an intense and rewarding journey for me. I remember when I first started preparing for the role – it wasn’t just about learning medical terms, but really understanding the emotional depth of a character driven by passion, pain, and purpose. Navigating her feelings in the high-pressure world of medicine was challenging but also very exciting. The whole experience has been a privilege. ‘Doctors’ is a story about resilience, relationships, and redemption, and I’m excited for the audience to join us on this emotional rollercoaster.”


    Aamir Ali shares, “Doctors has been quite a journey, both outwardly and inwardly. During the shoot, there were moments that made me reflect on how often we overlook the dedication, attention to detail, and passion doctors bring to their work, and those experiences helped me bring the right emotions to the role. The show is perfect for a family binge-watch during the holidays, and I’m excited to see what the audience thinks of it.”

    Witness the ultimate showdown between love and revenge on ‘Doctors’ releasing on 27th December, only on JioCinema!

  • CureFit Suffers ₹888 Crore Loss in Financial Year 2024

    IANS

    The recent financial disclosure from CureFit, a leading fitness startup, has raised eyebrows in the business community. The company’s consolidated loss for the fiscal year 2024 has seen a significant surge of 42%, amounting to Rs 888.5 crore, a substantial increase from Rs 625.5 crore in the previous fiscal year. This increase in losses is primarily attributed to the company’s high cash burn rate.

    The company’s EBITDA loss, a critical measure of its operational performance, has also seen a sharp rise. It has surged by a staggering 123.4% to Rs 587.97 crore in FY24, up from Rs 263.2 crore in FY23. This indicates a significant increase in the company’s operating expenses and a decrease in its operational efficiency.

    One of the major contributors to the company’s increased losses is its advertising and promotional expenditure. CureFit’s spending on advertising and promotion has seen a year-on-year increase of 40.67%, rising to Rs 188.5 crore in FY24 from Rs 134 crore in FY23. This increase in advertising and promotional expenditure is indicative of the company’s aggressive marketing strategies to capture a larger market share and attract more customers.

    Simultaneously, the company’s expenditure on legal and professional services has also seen a significant increase. It has risen by 56.62% from Rs 79.3 crore in FY23 to Rs 124.2 crore in FY24. This increase in legal and professional expenses could be attributed to the company’s efforts to comply with regulatory requirements, protect its intellectual property rights, and manage its legal affairs effectively.

    Cure.fitCure.fit Official Website

    Interestingly, CureFit’s expenditure on employees has seen a decrease of 5.62% to Rs 324 crore in the last financial year. This decrease in employee expenditure is due to the company’s workforce restructuring and layoffs in FY24. The company slashed around 120 jobs in January 2024 as part of a restructuring exercise. These job cuts impacted workers across the company’s various brands, including Sugar.fit, Carefit, Cultfit, among others.

    Despite the increased losses, CureFit’s operating income has seen a positive growth. It has increased by 33.6% to Rs 926.6 crore in FY24, up from Rs 693.7 crore in FY23. A significant portion of this income, Rs 663.1 crore, has come from services, marking a 46.58% increase from Rs 452.4 crore in FY23. This indicates that the company’s services are gaining traction and contributing significantly to its revenue.

    In addition to the income from services, CureFit’s income from the sale of products has also seen a modest increase. It has risen by 8.13% to Rs 256.7 crore from Rs 237.4 crore in FY23. This suggests that the company’s products are also finding acceptance among consumers and contributing to its revenue.

    CureFit was founded in 2016 by Mukesh Bansal and Ankit Nagori. The company operates several platforms, including the physical fitness platform Cultfit, mental health platform Mindfit, and primary care vertical Care.fit. Despite the financial challenges, the company has managed to raise more than $750 million in funding so far. Its investors include prominent names like Accel, Temasek, Kalaari Capital, and others.

    Mukesh Bansal, a known fitness enthusiast, has been instrumental in driving the company’s vision and strategy. His entrepreneurial journey began with Myntra, which was acquired by Flipkart in 2014. After serving as the head of commerce at Flipkart, Mukesh ventured into the fitness sector with CureFit. His passion for fitness and his entrepreneurial acumen have been key to the company’s growth and expansion.

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  • PF money: Can you withdraw full PF money from ATM? know the rules

    PF Money From ATM: Recently there was news that soon there will be a facility to withdraw EPFO ​​money from ATM. It is believed that this facility will be restored from next year.

    After this, under the scheme of withdrawing money from EPFO, Provident Fund members or customers will be able to get banking like facilities. Now the question is whether you will be able to withdraw your entire PF money from ATM? Actually, you will be able to withdraw only 50 percent of the total deposit amount of your Provident Fund from a card like ATM. In this way, you will not be able to withdraw your entire PF money from ATM.

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    Nominee of deceased EPFO ​​member will be able to withdraw money from ATM

    In fact, members whose average monthly salary is more than Rs 15,000 can get up to Rs 7 lakh from their PF account. Apart from this, those whose average monthly income is less than Rs 15,000 can be given the facility to withdraw up to Rs 5.5 lakh from ATM.

    Union Labor Secretary Sumita Dawra said that the nominee of the deceased EPFO ​​member will also be able to withdraw the claim amount of his Employee Deposit Linked Insurance (EDLI) through ATM. Employers contribute to this insurance scheme.

    A dedicated card will be issued for withdrawing PF amount from ATM

    At the same time, it is believed that a dedicated card can be issued to withdraw PF amount from ATM. According to Union Labor Secretary Sumita Dawra, hardware will be updated for this. Also, a new system can be started. Currently, EPFO ​​members have to wait for 7 to 10 days for settlement of claims.

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