INDIA'S NEW REFORM THAT WILL RESHAPE 2 TRILLION ECONOMY

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The GST rated given by the government is very beneficial for the economy

Prime Minister Narendra Modi's government is set to dramatically reshape Asia's third-largest economy with the biggest tax reform since independence in 1947.

After finding common ground among India's 29 states, the finance ministry on Friday released detailed rates for the incoming goods and services tax, slotting more than 1,200 items -- from sugar to steel pipes and motorcycles -- into five tax brackets between zero and 28 percent. With that done, India is almost ready to implement a tax code that unifies more than a dozen separate levies, effectively creating a single market with a population greater than the U.S., Europe, Brazil, Mexico and Japan combined. 

"It is a tax revolution, in many ways, because the indirect tax structure in India was hopelessly chaotic," said Raghbendra Jha, head of the economics department at Australian National University. "It's mind boggling, the sheer magnitude of the reform taking place."

The sweeping tax reform will gradually reshape India's business landscape, make the world's fastest-growing major economy an easier place to do business and is likely to raise government revenues by widening the tax net in the country's largely informal $2 trillion economy. That means India could spend more on desperately needed infrastructure and training programs for a workforce that is growing by 1 million people each month, laying the groundwork for longer-term growth. 

With tax experts praising the rates as moderate and generally lower-than-expected, it seems possible Modi might be able to roll out this reform without a politically damaging rise in inflation. However some economists and analysts see a July 1st deadline as unrealistic, raising the possibility that less than 10 months after demonetization, India's economy could again be upturned as businesses struggle to comply with the new tax code. 

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FIRST INDIAN BORN WOMEN TO BE ELECTED TO CITY OF LINDON CORPORATION

Rehana ameer, first women of india to be elected as councillor to the court of common council

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London: A 43-year-old entrepreneur has become the first India-born woman to be elected as a councillor to a ward in the United Kingdom. Rehana Ameer, who was born and raised in Chennai, contested from Vintry ward in the City of London county as an independent candidate.

She was elected as a councillor to the Court of Common Council, becoming the first India-born woman to be elected to the City of London Corporation. 

"As an elected councillor, my key focus areas are road safety, improved air quality, mental health and better representation of all types of businesses as part of the Brexit negotiations," Ms Ameer told PTI.

She aims to promote the city's businesses in international markets and develop the city's presence overseas.

The City corporation is the richest local authority in the country which controls the 1.3 billion pounds city cash fund.  The City of London is divided into 25 wards and elected councillors represent each ward. 

PETROL AND DIESEL CAR WILL VANISH AFTER 8 YEARS

ACCORDING TO THE STUDY OF STANFORD UNIVERSITY DIESEL AND PETROL CARS WILL VANISH IN 8 YEARS

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Stanford economist, Tony Seba, thinks that the global oil business will end as soon as 2030. In less than a decade consumers will find it difficult to search for petrol pumps, spares and even mechanics who have the knowledge of internal combustion engines

There has been a lot of talk about fossil fuels going extinct and though there are companies like Shell who have demonstrated that the true potential of fuel based cars remains untapped, there's no denying that electric cars are going to have a significant impact on the way the transportation business will function.

A Stanford economist, Tony Seba, thinks that the global oil business will end as soon as 2030. In a study released recently, Tony talks about the revolutionary changes soon to be wrought by electrification of the transportation. The study published by Stanford University says that fossil-fueled cars will vanish within eight years and the people who want to buy cars will have no choice but to invest in electric vehicles or vehicles working on similar technologies. Tony says that this is because the cost of the electric vehicles; which includes cars, buses and even trucks will decrease and this will result in the collapse of the petroleum industry.

Electric cars is the future

Titled 'Rethinking Transportation 2020-2030', the study details how people will ultimately switch to autonomous electric vehicles, as they will eventually be ten times cheaper to maintain than cars that run on fossil fuels and have a near-zero marginal cost of fuel. He goes on to mention that electric vehicles will have a life span of 1 million (16,09,344 km) miles and in comparison, fossil fuel based cars have a lifespan of just about 2 lake miles (3,21,000 km approximately)

He goes on to suggest that in less than a decade consumers will find it difficult to search for petrol pumps, spares and even mechanics who have the knowledge of internal combustion engines. Finally, he says that modern-day car dealerships will disappear by 2024 as the long-term price of oil falls to $25 USD a barrel. He even says that there will be a 'mass stranding' of existing vehicles.

Pakistani clerk allegedly molested indian girl in a building lift in UAE

THESE PAKISTANIES AGAIN DID A SHAMEFUL ACT TO AN INDIAN GIRL

 

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An Indian schoolgirl has allegedly been molested by a Pakistani clerk in a lift in the UAE

The victim had just returned home from school when the 24-year-old suspect touched her in the lift of the building where she lived in Dubai. 

The clerk pressed the second-floor button and when the lift started moving upwards, he grabbed her name tag and tried to read her name but she pulled herself away from him in March, the report said yesterday.

As soon as the lift door opened, the Pakistani clerk, who was not identified by the report, groped the girl after which she ran towards her house and informed her parents who called the police.

The man was apprehended and charged with molesting the schoolgirl, the report said.

The suspect pleaded not guilty before the Dubai Court of First Instance.

The girl identified the suspect at the police lineup. A ruling in the case will be announced on May 25.

Is world war 3 started? North korea flew missiles 500km says south korea

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The North Korean missile took off today afternoon from a location near Pukchang, an area where Pyongyang attempted to test-launch another missile last month but failed.

 A missile launched by North Korea today flew about 500 kilometers and was believed to have landed in waters off its east coast, South Korea's military said, a week after it test-fired a mid-long range missile which experts said marked an advancement in the reclusive state's missile programme.

South Korea's Office of Joint Chiefs of Staff said in a statement that the missile took off today afternoon from a location near Pukchang, an area where Pyongyang attempted to test-launch another missile last month but failed.

The Office of Joint Chiefs of Staff said South Korea and the US were conducting close-up analysis of the launch. 

The office did not give further details, but Yonhap News Agency said it was not believed to be an intercontinental ballistic missile (ICBM), citing an anonymous source.

A South Korean military official declined to confirm the report but said the military was analysing the launch.

The White House said today it was aware North Korea had launched a medium range ballistic missile or MRBM and noted its range was shorter than recent tests.

"We are aware that North Korea launched an MRBM. This system, last tested in February, has a shorter range than the missiles launched in North Korea's three most recent tests," a White House official said.

Dangal is taking the lead in china box office

                                                           Picture Taken from google

Dangal is being loved in China. Here's proof. Aamir Khan's Dangal released across 9,000 theatres in China earlier this month and has already made over Rs 500 crores.  This week marks Dangal's second week run at the theatres and the blockbuster wrestling drama is in no mood to slow down. Dangal kicked started its second week in the Chinese theatres with a score of almost Rs 8 crores on Monday. Dangal has an incredible second Monday in China. Refuses to slow down. All set for Rs. 600 crores,. Let this be known that Dangal has already reached up to the status of Baahubali 2, becoming the second Indian film to have scores more than Rs 1000 crores at the box office. 

India's biggest solar energy park at rajasthan, the heart of india's clean energy push

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Bhadla, Rajasthan: Bhadla village on the fringes of the Thar Desert about 200 km from Rajasthan's famed Jodhpur city wasn't on the tourist map and nobody ever went there. It only made headlines for extreme heat, temperatures that went up to 52 degrees in the summer. But the sun's bounty is now helping change the lives of the people. It is the heart of India's clean energy push, home to the Bhadla Solar Park. A recent auction of solar power to be generated at a new 250 megawatt plant was recently auctioned for just about Rs 2.62 for every unit, or kilowatt-hour. This would be among India's cheapest sources of power, certainly a lot cheaper than the average tariff of Rs 3.2 per unit for coal-fired thermal units.

Once the solar park is fully operational, the project spread across 10,000 acres, or 40 sq kilometres of wasteland will be a power gold mine, designed to generate 2,255 megawatts of power. That is a little more than one-third of the peak daily demand in the national capital of 6,000 MW, or for that matter, Rajasthan total demand for power.

 

The park already has two phases in operation, producing 480 MW of power. And big names in the business of powering India are lining up to invest in the solar park, many such as the Adani, Tatas and Reliance have signed up pacts for development of solar parks. Finnish company Fortum and South Africa's Phelan energy and Cleanteach are already investors in Bhadla.

But the park has done a lot more than breathe life in this part of the state. It is also creating opportunities for local businesses and employment for the youth that could bring about a huge turn around in the economy of this backward desert region.

The parks already have over 1,000 technicians and staffers from all across the country working in shifts to keep the power grids going; four in every ten of them are locals from nearby villages and towns.

"There was nothing here except animal husbandry. Now, whether it is jobs of security guards, labour or site supervisors, the job opportunities are many,' said Praveen Rathore a manager with Vikram Solar.

 

Rohitash is from the backward Bishnoi community, one of the few engineers from his community. He is happy about getting a job in the solar park that pays him a monthly salary of 40,000,

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