Daily Archive: October 12, 2017

Election Commission to Announce Schedule For Himachal Pradesh Assembly Elections Today

New Delhi, Oct 12: The Election Commission of India (ECI) is likely to announce the schedule for Himachal Pradesh Assembly elections 2017 at 4 pm on Thursday during a press conference at Nirvachan Sadan in New Delhi. If sources are to be believed the Assembly elections in Himachal Pradesh will be held in single-phase. The tenure of the 68-seat House ends on January 7, 2018.

Action Will be Taken Against Those Selling Crackers Online: Delhi Police

New Delhi, Oct 12: Delhi Police have warned firecracker vendors against selling crackers online after reports on websites selling them surfaced. On Thursday, Delhi Police PRO said that action will be taken against those who try to sell or purchase firecrackers online.

This came after reports that online sale of firecrackers in Delhi NCR continues despite the Supreme Court ordering a complete ban on the sale of firecrackers in Delhi NCR till October 31.

Websites like buyonlinecrackers.in, crackersindia.com offer home delivery of crackers in Delhi-NCR. Reputed online shopping portal like e-bay is also selling crackers. Buyonlinecrackers.in is even offering attractive deals to buyers. Delivery of order of over Rs 10,000 is free, the website advertises. Cock brand, which is considered to be one of the best firecracker-producing companies in the country, has its own website which sells crackers.

There is also no clarity as to what happens with those who are buying firecrackers from neighbouring states like Punjab, Haryana and Uttar Pradesh as there is no ban on bursting firecrackers.

Jaitley eyes real estate to rake in more taxes for India Inc.

If what Jaitley says is to be believed, real estate could come into the purview of Goods and Services Tax (GST). This move is seen as a huge boost for the government, which is looking for funds to deliver on various infrastructural promises.

Identifying real estate as the one sector where maximum amount of tax evasion takes place, Finance Minister Arun Jaitley on Wednesday said that the matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Mr. Jaitley said, while delivering a lecture at Harvard University.

“The one sector in India where maximum amount of tax evasion and cash generation takes place and which is still outside the GST is real estate. Some of the states have been pressing for it. I personally believe that there is a strong case to bring real estate into the GST,” Jaitley said, while delivering the ‘Annual Mahindra Lecture’ on India’s tax reforms.

The Finance Minister said the move would benefit the consumers who will only have to pay one “final tax” on the whole product.

“As a result, the final tax paid on the whole product in the GST would almost be negligible,” he said.

Mr. Jaitley said the reduction in eventual expenditure coupled with incentivizing people to enter the tax net may also help reduce the size of “shadow economy”.

A 12 per cent GST is levied on construction of a complex, building, civil structure or intended for sale to a buyer, wholly or partly. However, land and other immovable property have been exempted from GST.

The Finance Minister said India had historically been one of the least efficient tax system in the world with an extremely small tax base.

“Frankly, over the last several decades, serious efforts, real efforts to expand this base had not been made. You had marginal efforts,” he said, adding that systematic efforts to challenge the “shadow economy” were made only recently.

#Amazon launches waterproof ‘Kindle Oasis’ for Rs 21,999

Bengaluru: Amazon on Thursday launched its most advanced e-book reader ‘Kindle Oasis’ that features company’s highest-resolution ‘Paperwhite Display’ and is the first waterproof (IPX8) device.

The all-new Kindle Oasis is available for pre-order for Rs 21,999 for the 8GB model and Rs 28,999 for the 32GB model (WiFi free 3G). The device will start shipping from November 13.

‘Kindle Oasis’ has a battery life measured in weeks and has fast-charging capability that allows it to go from zero to fully-charged in less than two hours.

“Ten years ago, we introduced our first Kindle with the mission of delivering any book every written in 60 seconds or less,” said Dave Limp, Senior Vice President, Amazon Devices, in a statement.

“With a larger 7-inch, 300 ppi display, waterproof design, the all-new ‘Kindle Oasis’ is our most advanced Kindle ever. Its thin, light, and waterproof design allows readers to stay engaged in the author’s world in even more ways and places than ever before,” added Limp.

With 7-inch 300 ppi display, the device fits over 30 per cent more words per page and it has the fastest page turns of any Kindle.

The crisp and laser-quality text reads like paper with uniform display lighting and no glare, even in bright sunlight.

It has a 3.4mm display that features strongest cover glass and a new aluminium back. ‘Kindle Oasis’ can be immersed in up to two meters of fresh water for up to 60 minutes.

Customers can also buy covers that open like a book, automatically waking the device when opened and putting it to sleep when closed.

The water-safe fabric covers can be purchased for Rs 2,999 and come in indigo, charcoal and sandstone colours. The premium leather covers are available for Rs 3,999 and come in black ad merlot.