Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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2019-20 to be year of construction technology: PM

In a bid to increase the use of modern technology in the construction sector, Prime Minister Narendra Modi here on Saturday announced the 2019-2020 as the year of construction technology. Speaking at the Construction Technology India 2019, PM said, “India is among those nations where the demand for housing is growing at a rapid pace. To meet this demand and increase the use of modern technology I am declaring April 2019 to March 2020 as the construction technology year”. A home is as much about security and dignity as it…

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Education notes: BASIS educator named ‘Charter Teacher of the Year’

BASIS educator named ‘top charter teacher’ BASIS Tucson North’s John Rosinbum has been named the Arizona Charter Schools Association 2018 Teacher of the Year. Rosinbum teaches AP U.S. history and AP research courses at BASIS. The Charter School Association honored Rosinbum, saying he goes the extra mile to help his students and the BASIS network grow to their full potential — whether that’s by organizing the annual Senior Tricycle Race or by serving as a subject adviser for BASIS. “He is extremely reflective and intentional with every aspect of his…

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Car Review: Last year for the high performance Cadillac ATS-V sedan

WASHINGTON — Small luxury sedans are a tough sell these days, and the Cadillac ATS sedan is no different. So this year will be the last year for this fun-to-drive car. The ATS has a special version called the ATS-V, a sports car with four doors. What sets apart the V series ATS is a twin turbo V6 with 464 hp, and it really makes this small sedan fly. It might not sound as good an Alfa V6 but you can get into some serious trouble if you’re not careful.…

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India to have 500 million internet users by June this year: Experts

India’s internet user base will hit 500 million by June this year and by 2020, the country will have more than 700 million smartphone users, according to the industry experts. Mobile phones will emerge as the preferred device for online shopping by 2020, accounting for 70 per cent of total online shopping, said the experts at the seventh edition of the India Internet Day in Delhi held on Thursday. The conference was organised by TiE Delhi-NCR, the world’s largest network of successful entrepreneurs and professionals — attended by over 500…

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This country tops the best expat destinations for 2017. Last year it barely made it to the top 20

It may not be top of mind, but this small country in the Persian Gulf managed to leapfrog its way from 19th place in 2016 to the top spot this year, due mostly to the ease of settling in and high career satisfaction, as reported by its expat citizens. For the survey, conducted by networking site InterNations, 13,000 expats representing 166 nationalities, living in 188 countries or territories, were asked to rate 43 different aspects of life in their host country, which were then pooled into six categories: quality of…

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Not just flowers, even walls are in bloom all year in this Polish village. See pics

Danuta Dymon, 70, has been at it since the sun came up, dressed from head to toe in clothes also displaying her brushstroke. “As you can see I’m covered in flowers,” she said, adding neon green leaves to the fluorescent orange and pink garland spanning the fence’s brick base in front of her home in Zalipie, in southern Poland. Danuta Dymon painting traditional flower patterns on her fence in Zalipie. (AFP) Dymon is known around the farming village for having painted flowers on virtually everything under her roof: the ceiling,…

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DU adds more seats to finance, business, economics courses this year

Delhi University has good news for students wanting to pursue courses related to finance, business and economics. The number of seats offered under Bachelor of Management Studies (BMS), Bachelor of Business Administration (Financial Investment Analysis) and BA (Honours) in Business Economics have been increased to 1,162 from last year’s 884. DU conducts a Joint Admission Test (JAT) for admission to the three courses. The university has also done away with group discussion and personal interview from the selection process. The admission will be based on candidate’s performance in the entrance…

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Reasons to Stay in the UK for Your Holiday This Year

There are plenty of wonderful travel destinations globally that offer visitors an exciting experience. From the Far East to beautiful Latin America, anyone who travels around the world can see diverse and interesting cultures, historical landmarks or simply relax on a sunny beach. However, a lot can also be said for spending your holiday where you live, especially if you live in the UK. With the Peak District, Snowdonia and National Parks, there is a lot to see and do in the United Kingdom. Even if you enjoy spending time…

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