US issues new travel advisory for citizens, says India ‘user friendly’

The US on Wednesday issued a new travel advisory for countries including India, which its officials said is “user friendly” as it is based on ready-to-understand level of advice ranging from one to four.India has been ranked Level 2 (exercise increased caution) while Pakistan has been places in Level 3 (reconsider travel).

Level 1 advises travllers to exercise normal precaution, while Level 4, which has countries like Afghanistan, recommends “Do Not Travel”.Now every country has a travel advisory based on this system, which has replaced all the previous such advisories.”These improvements will provide US citizens with clear, timely, and reliable safety and

security information worldwide,” the State Department said.Placing India on Level 2, the State Department identified “crime and terrorism” for Americans to exercise increased caution.

However, it asks Americans not to travel to Jammu and Kashmir, except for eastern Ladakh and Leh and not to venture within 10 miles of the India-Pakistan border due to read more


GST has reduced effective tax payable for all sectors, except power: Study

The goods and services tax (GST), rolled out on July 1, 2017, cut marginal tax rates–the real, effective tax a business pays, technically the difference between the pre-tax and post-tax rate of return on an investment–on businesses in India in all sectors, except electricity, which is exempt from the new tax regime, according to a new study.

The fall in marginal tax rates was in the range of 1-23 percentage points across sectors, according to estimates by Gaurav S. Ghosh, senior manager, EY, a global consultancy, and Jack Mintz, director of the school of public policy at the University of Calgary, Canada.

Marginal tax is the rate businesses end up paying on each new unit of investment after considering the effect of all statutory taxes levied. A higher marginal tax rate means businesses have lower incentives for increasing investment and vice versa, the authors explained.

At 23.2%, the transport sector saw the largest drop in marginal tax rate. At 0.9%, agriculture saw the read more

Cut in petrol, diesel prices show PM’s priority towards common man: Shah

BJP chief Amit Shah today said the Modi government’s decision to reduce petrol and diesel prices by Rs 2 shows its priority to giving relief to the common man and farmers at a time when oil price is rising globally.

The government had yesterday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices witnessed for the last three months.

Lauding Prime Minister Narendra Modi for the decision, Shah said in a tweet, “The decision to reduce the impact of rising international oil price highlights the priority the Modi government gives to providing relief to the common man and read more


New Rs 100 note coming in April, old notes to be withdrawn gradually

The Reserve Bank of India (RBI) will soon release Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, having the signature of Governor Urjit R Patel. However, the Rs 100 banknotes in the earlier series will continue to be a legal tender.
According to Mint, RBI will start printing new Rs 100 notes in April (once Rs 200 notes have been printed), while the existing notes will be withdrawn from the market gradually without causing any disruption.
This is the fourth denomination that has been revamped since the government’s demonetisation on read more

Expanding all arms: Check out Amazon’s unfolding India play

On a rapid expansion path to capture its last big frontier, Amazon India is systematically adding manpower, technological and financial muscle to all its arms in India.
Following the same growth path it did in the US market, the company has been in the last two years, testing and adding almost every vertical it has globally to the Indian market.
Bolstering one of its various subsidiaries yet again,Amazon IT Services (India)  Pvt Ltd, the oldest arm of the global e-commerce player in India is looking to raise fresh funds to expand its operations in India as it looks at technology as an enabler to grow its business and increase efficiency to its customers. The arm has increased its authorised capital to Rs 900 crore from Rs 400 crore, according to read more

Heavy rainfall batters Hyderabad, normal life hit, 3 dead

Heavy rain and water logging have led to the death of three people, including an eight-month old child, as heavy rains lashed the city on Monday evening.While a child and his father died in a wall collapse, another man was electrocuted to death.

According to the SHO of the Banjara Hills Police Station, 35 year-old Yadulu and his eight-month-old child died after a wall collapsed on them due to heavy rainfall while they were sleeping.

The bodies were recovered and sent for an  autopsy.In another incident, a 35-year-old person got electrocuted and died after touching the trolley which came in contact with an electric wire. He died on the spot.The downpour led to the deluge of read more