Tag: money

  • Fake social media profile pretending to be Vidya Balan caught trying to take money

    Fake social media profile pretending to be Vidya Balan caught trying to take money

    How gullible do you have to be to believe a famous Bollywood actress will try to swindle you for money?

    According to Indian media reports, a fake account surfaced on Instagram under the name of Vidya Balan, offering jobs to people but demanding money in return.
     
    Mumbai police have filed an FIR against the unknown person behind the fake account.

    Balan, who has a large number of followers on social media, was concerned when the account popped up.
     
    Indian media reports state that police have initiated investigations into the fake social media account.

    Maybe the next time people will send money to a fake Salman Khan account offering them bodybuilding tips.

  • Imran Khan spent more than 11 billion on foreign tours during his three-year tenure

    Imran Khan spent more than 11 billion on foreign tours during his three-year tenure

    Former Prime Minister (PM) Imran Khan along with his delegations spent more than Rs11 billion on foreign tours during his three-year term as the head of government.

    The figure includes all foreign trips taken by Khan until March 2022. The total amount spent on these trips adds up to Rs11.15 billion.

    During the first year of Imran Khan’s tenure, he and his delegation spent more than two billion while in the first year in government PM Shehbaz Sharif spent more than one billion.

    The total budget allocation in the financial year 2022-23 for foreign tours is Rs2.86 billion.

  • South Korea to pay $500 to lonely young people

    South Korea plans to provide approximately $500 every month as a cash giveaway to encourage young individuals, who are mostly underprivileged and reclusive, to come out of their isolation.

    In an effort to assist young people affected by hikikomori, a term used to describe severe social withdrawal, the Ministry of Gender Equality and Family in South Korea has initiated the funding program. The Korea Institute for Health and Social Affairs estimates that approximately 3% or 350,000 individuals aged between 19 and 39 in South Korea experience loneliness or isolation.

    As per the reports from the Ministry, citing the Korea Institute for Health and Social Affairs, roughly 3.1 per cent of South Koreans aged between 19 and 39 are classified as “reclusive lonely young people.” This term is defined as individuals living in a restricted space, disconnected from the outside world for an extended period, and struggling to lead a regular life.

    The Ministry’s report stated that around 338,000 individuals in the country fit the category of “reclusive lonely young people,” with 40% of them starting to withdraw during their adolescence. The reasons behind their isolation are diverse and may include financial difficulties, mental health issues, family conflicts or health problems

  • No luxury cars, no five-star hotels, federal cabinet’s perks and salaries cut amid economic crisis

    Prime Minister (PM) Shehbaz Sharif has announced major cuts in perks and facilities that were being given to the federal cabinet as the economic crisis worsens.

    Addressing a press conference on Wednesday in Islamabad, the Premier, flanked by members of the federal cabinet, said that ministers, state ministers and special advisers had decided “willingly” to forego their salaries and perks. He said that all ministers would now pay their own telephone, electricity, water and gas bills.

    The premier further said that federal ministers would also travel in economy class and will not stay in five-star hotels during foreign trips.

    He asserted that no cabinet member or government officer will use a luxury car, adding that “Until June 2024, there will be a complete ban on purchasing all types of new cars.”

    The head of government also said that “to conserve gas and electricity, advice for opening offices at 7:30am during summer has been accepted.”

    Shehbaz Sharif said that it has also been decided that government employees will not be allotted more than one plot, saying that this would be implemented from tomorrow.

    He said that in terms of food, only a single dish would be allowed at government events.

    Talking about the Toshakhana, the premier said that the federal cabinet has decided that no one will be allowed to retain state gifts worth more than $300 (approx. Rs70,000). He also added that the government has decided to make the Toshakhana record public.

    Responding to a question from a reporter, PM Shehbaz said that the measures would save Rs200 billion annually.

    He said that matters with the International Monetary Fund (IMF) are at the “last stage” and hoped that everything will go well.

    The development has taken place while Pakistan is eyeing a staff-level agreement with the International Monetary Fund (IMF) this week as the country reels under a foreign reserve shortage.

    Earlier this week, the National Assembly passed the IMF-dictated Finance (Supplementary) Bill 2023, seeking to impose an additional Rs170 billion in taxes.

  • Man spends Rs5.1 million to look like a wolf

    A man in Japan spent 3,000,000 yen (Rs 5.1 million) to look like a wolf.

    The extremely customised wolf outfit was created by Zeppet. Photos of the finished project were uploaded to their Instagram account.

    The customer, who did not wish to be named, said, “Because of my love for animals since childhood and some realistic animal suits appearing on TV, I dreamed of ‘being one someday’.”
    “We checked images of real wolves to discuss the smallest details until we incorporated many features in the specifications,” he added.

    “At the final fitting, I was amazed at my transformed self in the mirror. It was a moment when my dream came true. My order to ‘look like a real wolf walking on hind legs’ was difficult, but the complete suit looked exactly like what I imagined,” he further added.

    “Not only did the specs perfectly cover all of my preferences, but the ventilation slit for the wearer’s comfort and the devices that let the wearer put it on without help showed me that the designers paid close attention to the wearer’s comfort,” he said.

  • You won’t believe how much money King Charles will inherit

    You won’t believe how much money King Charles will inherit

    Queen Elizabeth II, the longest-reigning monarch in British history, breathed her last on Thursday in Balmoral Castle, United Kingdom (UK) at the age of 96.
    “The Queen died peacefully at Balmoral this afternoon,” a display message on the official website of the Royal family reads.
    “The official website of the Royal Family is temporarily unavailable while appropriate changes are made.”

    Who is the new King?

    Charles, as the queen’s eldest child, inherited both the title of sovereign and the job as head of the Commonwealth, along with other assets such as land and property.
    Charles, 73, is the longest-serving heir in British history after waiting decades to get to the throne.

    The queen and her late husband, Prince Philip, had four children, with Charles being the oldest. He became Britain’s heir apparent at age 3 when his mother succeeded to the throne at the age of 25. Prince of Wales, Duke of Cornwall, Duke of Rothesay, and Earl of Carrick were some of Charles’ titles while he was the heir to the throne.

    The title of Prince and Princess of Wales was given after Charles wed Diana Spencer in 1981.

    They had two children; William, who is now the heir presumptive, and Harry, now the fifth in line to inherit the crown. Charles and Diana separated in 1992. In a few years, they were divorced. Charles wed Camilla Parker Bowles, who is now known as the Duchess of Cornwall, in 2005.

    How much money will the new King inherit?

    King Charles inherits not just the crown but also his mother, Queen Elizabeth II’s private fortune, without having to pay inheritance tax.

    King Charles had a net worth of $100 million before succeeding to the throne. Now, Queen Elizabeth II has left a fortune of $500 million in personal assets to the future King, bringing his total net worth to $600 million.

    He will also recover the annual Sovereign Grant. which was $116.7 million in 2021.

  • SBP hikes interest rate by 150 basis points to control inflation

    SBP hikes interest rate by 150 basis points to control inflation

    The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) approved a 150 basis point increase in the benchmark interest rate, pushing it to 13.75 per cent to control inflation.

    It is worth noting that this is the maximum level of interest rate since 2011 when it was 14 per cent.

    The central bank mentioned in a statement that after the last MPC meeting, preliminary estimates indicate that growth in FY22 has been considerably higher than predicted.

    On May 23, the MPC agreed to hike the policy rate by 150 basis points to 13.75 per cent. “This action, together with much needed fiscal consolidation, should help moderate demand to a more sustainable pace while keeping inflation expectations anchored and containing risks to external stability.

    “External pressures remain elevated and the inflation outlook has deteriorated due to both home-grown and international factors. Domestically, an expansionary fiscal stance this year, exacerbated by the recent energy subsidy package, has fueled demand and lingering policy uncertainty has compounded pressures on the exchange rate”.

    “Globally, inflation has intensified due to the Russia-Ukraine conflict and renewed supply disruptions caused by the new Covid wave in China. As a result, almost all central banks across the world are suddenly confronting multi-year high inflation and a challenging outlook.”

    The MPC stated that raising interest rates will help to protect external and economic stability.

    “Since the last MPC meeting, secondary market yields, benchmark rates and cut-off rates in the government’s auctions have risen, particularly at the short end. The MPC noted that the market rates should be aligned with the policy rate and in case of any misalignment after today’s policy decision, the SBP would take appropriate action”.

    According to the report, overall inflation climbed from 12.7 per cent (year on year) in March to 13.4 per cent in April, led by consumable food products and core inflation. “The rise in core inflation reflects strong domestic demand and second-round effects of supply shocks,” it noted.

    The MPC believes that when power and fuel subsidies are phased out, inflation will spike momentarily and remain strong through FY23 before falling steeply in FY24. “This baseline outlook is subject to risks from the path of global commodity prices and the domestic fiscal policy stance,” it said.

  • Crypto companies at risk of closure in the United Kingdom

    A number of cryptocurrency businesses in the United Kingdom (UK) may be forced to shut down if they fail to register with the financial watchdog before a major deadline next week.

    Firms providing crypto services in the UK must register with the Financial Conduct Authority (FCA) by 31 March, 2022. The FCA is in charge of supervising how digital asset firms tackle money laundering.

    In 2021, the authority stretched the deadline for businesses on a temporary register to continue trading while seeking full license. Once the deadline passes, the temporary register will be closed.

    Many crypto businesses have withdrew their applications, according to the FCA, since they did not match the required anti-money laundering criteria.

    With only days until the deadline, the status of companies on the temporary register including Revolut, a $33 billion fintech business, and Copper, a crypto start-up is in trouble which counts on UK Finance Minister, Philip Hammond as its advisor.  

    Read More: Pakistan decides to make cryptocurrency illegal

    Some businesses are now withdrawing their applications, including B2C2, a London-based crypto trading firm, just removed itself from the FCA’s provisional registry.

    B2C2’s spot trading activity has been relocated to the company’s U.S. Entity from this week. The firm’s business is now unaffected as it is handled by an FCA-authorized subsidiary.

  • Woman who made $50,000 a week selling her farts hospitalised, announces retirement

    Woman who made $50,000 a week selling her farts hospitalised, announces retirement

    Stepanka Matto a Czech-American YouTuber, social media influencer, reality TV show star and model who claimed have made $50,000 in a week by selling her farts in a jar was hospitalised for “overdoing it”. She sold each jar for $1000. She has now announced her retirement after the health scare.

    The Daily mail quoted Matto in a statement, “I thought i was having a stroke and that these were my final moments. I was overdoing it.”

    “I remember within one day I had about three protein shakes and a huge bowl of black bean soup,” she said while explaining the events that led her to hospital.

    “I could tell that something was not right that evening when I was lying in bed and I could feel a pressure in my stomach moving upward.” 

    She continued by adding, “It was quite hard to breathe and every time I tried to breathe in I’d feel a pinching sensation around my heart. And that, of course, made my anxiety escalate.”

    “I actually called my friend and asked if they could come over to drive me to the hospital because I thought I was experiencing a heart attack.

    “I ended up going to the hospital that evening. I didn’t tell my doctors about the farting in the jar but I did tell them about my diet,” the influencer added.

    “It was made clear that what I was experiencing wasn’t a stroke or heart attack but very intense gas pains.” “I was advised to change my diet and to take a gas suppressant medication, which has effectively ended my business.”

  • Monkey steals money from man travelling in rickshaw

    Monkey steals money from man travelling in rickshaw

    A man in India was deprived of INR 100,000 (Rs229844.73) after a monkey went off with his money and threw it in the street.

    As per reports, a wild monkey snatched a wrapped towel with more than one lac [Indian] rupees from a traveler in an autorickshaw that was stuck in a traffic jam on a narrow road in Madhya Pradesh and scattered the money all over a busy street. People rushed to grab what they could.

    The monkey came inside the rickshaw and snatched the towel from the hands of the passenger before climbing a tree. The animal began to shake the towel, after which the banknotes began to rain down the street.

    Read More: Japanese princess to marry commoner boyfriend despite dispute

    The money’s owner managed to get his hands on INR56,000 (Rs128,666), as the remaining amount could not be recovered after many people went off with the money.

    The police are now facing problems in tracing one of the suspects as there was no CCTV cameras in the area.

    The police said that the monkey often invades vehicles as many people provide food to them.

    Police have not registered a robbery case due to lack of evidence against anyone.