By Emeka Anaeto, Peter Egwuatu & Yinka Kolawole PERHAPS to understand the irony and tragedy of the political economy called Nigeria over the past six decades one needs to use the perspectives of Larry Bossidy and Ram Charan in the globally acclaimed 21st-century classic titled: ‘EXECUTION – The Discipline of Getting Things Done’. The cerebral corporate giants, in the book, stated that though every truly great leader may have an instinct for execution, for many of them that instinct is not typically cultivated in the selection, training and development of leaders. They also say that “a high proportion of those who actually rise to the top make their mark as high-level thinkers, uninterested and (as a result) uninvolved in the ‘how’ of getting things done. Many do not realise what needs to be done to convert a vision into specific tasks”. They added: “The crucial component of engagement between leaders and those subordinates who … [Read more...] about Execution as failure vector: The 6-Decade Indiscipline in national development plans (1)
Estate planning joint ownership
The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points. Shoppers Stop, the country’s oldest department chain, has launched two more store formats, even as it taps well-heeled consumers with luxury outlets. The two new stores are aimed at the mid-market and economy retail segments, allowing the three-decade-old chain to play across the price pyramid. The luxury stores, for instance, will sit at the top and will be located in affluent areas of a city. The second retail format will target middle-class localities within a city while the third format will eye consumers on the outskirts of a city.The Delhi-NCR is the first place where Shoppers Stop is test-marketing this three-tier retail structure. The company has launched its store for mid-priced apparel and non-apparel brands in Vasant Kunj, New Delhi. A separate store … [Read more...] about Shoppers Stop junks ‘one-size-fits-all’ strategy; readies new plan to boost growth
I took an education loan of Rs 13 lakh at 8.6% in 2015. The outstanding now is Rs 8 lakh. I opted for a repayment period of eight years as the tax benefit on education loans is for eight years only. I have been claiming income tax exemption on the interest component of close to Rs 80,000 every year. Should I prepay my loan or continue? I am in the 30% tax bracket.Amit Maheshwari Partner, Ashok Maheshwary and Associates replies: Deduction on interest on loan taken for higher education can be claimed under Section 80E of the Income Tax Act. The deduction is allowed for eight years or until the interest is paid in full, whichever is earlier. Further, there is no upper limit on claiming this interest deduction. Hence, considering that you would not be able to reap any tax benefit for this interest payment beyond the eighth year, you can prepay the same within the next four years. A flat is owned jointly by three people. While two of them actually paid for the flat, the third name was … [Read more...] about Should you prepay your education loan before the repayment period of 8 years?
Chili’s American Grill & Bar opened on Saturday in SC VivoCity Mall in HCM City's District 7. — Photo courtesy of Chili’s The American chain of restaurants Chili’s American Grill & Bar opened its first Chili’s in Viet Nam at SC VivoCity mall in HCM City’s District 7 on December 7. The Golden Gate Red Hots Joint-Stock Company and Brinker International Inc worked together to bring Chili’s American Grill & Bar to the country. The restaurant serves Tex-Mex style meals with steaks, burgers, ribs and fajitas and drinks such as margaritas. Ha Thuc Tu, managing director of the Golden Gate Red Hots Joint-Stock Company, said: “We see the potential for a restaurant model with a bar for high-income people who need a diversity of services. “Chili’s decided to choose this group as the main target audience for the long-term development orientation of Chili’s ® American Grill & Bar in Viet Nam." David Weston, … [Read more...] about US restaurant chain Chili’s opens in HCM City
Email 7.30 By Michael Atkin and Jessie Davies Updated December 09, 2019 17:34:52 Photo: Beth Stephensen is just one customer who is owed money by Motorhome Conversion Company. (ABC News: Michael Atkin) Related Story: Are we seeing the last generation of grey nomads? Related Story: Perth woman conned out of $468,500 in romance scam linked to Dubai hotel project Map: Australia Grey nomads are among scores of people who say they have lost tens of thousands of dollars after the collapse of a motorhome dealer and conversion company. Key points:Motorhome Conversion Company collapsed in July owing more than $3 millionMore than 100 unsecured creditors are believed to be out of pocketThey include retirees who had bought or sold motorhomes through the company Motorhome Conversion Company, founded by John Jeffreys, went into liquidation in July with debts of $3.6 million owed to unsecured creditors."There's over 100 people out of pocket, and they are unlikely to see their … [Read more...] about Retirees lose life savings in motorhome company collapse