Miscellany

Miscellany

Hospital bills to go up despite exemption to healthcare services

Under GST, healthcare services have been exempted from taxes. But for the end customer the healthcare costs will go up as higher taxes for medical technology products and medicines will escalate the bill amount.
“The decision of the Indian government to exempt healthcare services from GST has been good news for start-ups as well as established healthcare businesses. However, for the end-consumer the costs could rise, given the increase in input costs as proposed by GST,” said Ameera Shah, MD, promoter, Metropolis Healthcare.

Restaurants to bill differently today, pre midnight and post

With the launch of the new Goods and Services Tax (GST), those planning to dine out tonight may find themselves caught in minor disputes over payments, if they stay on post midnight.
Diners may be presented with two bills in some places -- one before midnight, and one after 12 AM.
With a single tax replacing the current system of multiple taxes, eating out may become cheaper, but restaurants are looking at ways to bill their midnight diners tonight.

Opposition should focus on mainstream, not fringe issues: FM

Finance Minister Arun Jaitley today rejected Opposition charge of GST launch being a 'self- promotion',
saying they should focus on mainstream rather than latching on to "fringe" issues.
He appealed to Congress, Left, TMC and RJD, who are boycotting the gala launch function, to rise above partisan politics.
The opposition parties have decided to boycott the midnight
function in protest against the way GST is being implemented, claiming that it would adversely impact small and medium enterprises.

Naidu launches DDA's new housing scheme, 12000 flats on offer

The Delhi Development Authority's new housing scheme with 12,000 flats on offer was today launched by Union Urban Development Minister M Venkaiah Naidu, who said the people of the city should fully utilise the scheme.
Addressing a gathering at the Nirman Bhavan, the minister said the scheme had been linked with the Pradhan Mantri Aawas Yojana as "the vision of our government is to provide affordable housing by 2022".
"This is a step in that direction," he said.
Most of the flats are in Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura and Paschir Vihar.

Fast forward; GST set to transform face of Indian logistics industry

India's greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say.

The advent of organised retail and e-commerce began modernising warehouses in India a decade ago, but most firms still rely on musty, dilapidated "godowns", as storehouses are known colloquially.

July 1 GST deadline missed, but efforts on for consensus:J&K

Jammu and Kashmir has missed the July 1 deadline for Goods and Services Tax (GST) rollout as the state government maintained that it is in "consultations" to build a consensus for implementing the new tax regime.
"We have missed the deadline but we are in the process of consultations for building a consensus. We feel the wait is worth it," senior minister and government spokesman Naeem Akhtar told PTI.

Exclusive: Indian Railways safety overhaul at risk due to rail shortage - documents

A planned $15 billion safety overhaul of India's ageing rail network is facing delays as the country's state steel company is unable to meet demand for new rails, according to two government documents seen by Reuters.

State-owned Steel Authority of India Ltd (SAIL) (SAIL.NS) has promised to meet only around 78 percent of demand in the year to end-March 2018, prompting Indian Railways to escalate the problem to the office of Prime Minister Narendra Modi, communications between the railways and the steel ministry show.

AI will add $15.7t to global economy

Artificial intelligence may not be so threatening after all. Amid warnings of the economic disruption that robots and automation could unleash on the world economy as traditional roles disappear, researchers are finding that new technologies will help fuel global growth as productivity and consumption soar.
AI will contribute as much as $15.7 trillion to the world economy by 2030, according to a PwC report on Wednesday. That’s more than the current combined output of China and India.

Extortion hacks breach firewalls

A recent outbreak of ransomware attacks, from the WannaCry worm in May to Tuesday’s infection of thousands of computer systems around the globe, shows that digital stickups are becoming the go-to hack for cybercriminals, fueled by powerful leaked US government exploits and the rise of bitcoin and other anonymous digital currencies.

GSAT-17 to be launched from French Guiana

India’s latest communication satellite GSAT-17 will be launched early today onboard Arianespace rocket from Kourou in French Guiana.
“GSAT-17 is scheduled to be launched at 2:29 hrs IST on June 29 by the Ariane-5 launch vehicle,” the Indian Space Research Organisation (ISRO) said here on Wednesday.

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