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Pros & Cons for 18% GST on Project Management Consultancy

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  The 18% Goods and Services Tax (GST) is applicable to project management consultancy services in India. GST is a consumption-based tax that is levied on the value of goods and services at every stage of the supply chain, from production to consumption. GST replaces multiple indirect taxes that were previously imposed on goods and services in India. One of the main benefits of GST is that it eliminates the cascading effect of taxes, which results in lower prices for consumers. GST also simplifies the tax system and makes it more transparent. However, there are also some disadvantages associated with the 18% GST rate on project management consultancy services. One of the main drawbacks is that it increases the cost of these services for businesses and consumers. This can make it more difficult for small and medium-sized enterprises (SMEs) to access project management consultancy services, which can negatively impact their ability to grow and compete in the market. Another disadvant...
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Omicron Crypto surges due to new Covid Varient

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Seems like crypto speculators have gotten ahead of the virus with an   obscure cryptocurrency called Omicron (OMIC) now surging to an all-time high. The price of the obscure digital token, whose Twitter feed has little more than 1,000 followers, rose almost ten-fold from Friday to Monday morning when it hit $688, before tumbling as much as 75%, crypto tracker CoinGecko told Reuters. The token shares its name with  the new COVID-19 variant, first discovered in South Africa on Tuesday.  The World Health Organization has a policy of naming the variants after Greek alphabets. The fast-spreading B.1.1.529 strain is named after the 15th letter of the Greek alphabet, Omicron. The Omicron token hit an all-time high of $689 during the Monday morning Asian trading session. The move has added another 200% gains on the day for the token and a whopping 945% since Saturday when it was trading around $65.  The token came into existence earlier in November and seems to have risen wi...
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High Iphone 13 demand causes seizure of illegal imported phones

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The Mumbai unit of the Directorate of Revenue Intelligence (DRI) busted an Apple iphone smuggling racket and has seized over 3,600 handsets of the recently launched iphone 13 series. The items were imported as ‘memory chips’ to evade customs duty, the federal agency said. The total value of the seized goods is around Rs. 42.86 crore, while the declared value of the goods was only Rs. 80 lakhs. DRI is India's apex anti-smuggling intelligence, investigations and operations agency .. “After developing precise intelligence, officers of DRI inspected two consignments on Friday. These consignments had arrived from Hong Kong, at the Air Cargo Complex (ACC), Chhatrapati Shivaji International Airport, Mumbai. In the import documents, the goods were declared as “memory cards”. Physical examination, however, revealed that the consignments actually contained a total of 3,646 iPhone-13 mobile phones,” the agency said in its statement. Other than iPhones, 12 handsets of Google Pixel 6 pro 12 and...
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Now an Indian will be Twitter's new Face

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Parag Agrawal became Twitter CEO on Monday after Jack Dorsey announced his resignation. The move was apparently months in the making. There were rumours that the Twitter board was looking to replace Jack Dorsey with someone else.  In a reply, Agarwal took to Twitter and wrote, “Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support.” So, who is Parag Agarwal? Like another big Indian-origin tech CEO — we are talking about Sundar Pichai at Google — Parag is also from IIT. Although he is from IIT Mumbai. Aged 37, Parag has been at Twitter for a while and, apparently, he is well-liked by Jack Dorsey, one likely factor that helped him clinch the top post at Twitter. In its press note, Twitter gives some details of Parag's career within the company. Twitter notes, "Parag Agrawal joined Twitter in 2011 and has served as Chief Technology Officer (CTO) since October 2017. As CT...
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Sri Ramayana Yatra Circuit Train Launched by IRCTC

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  o promote religious tourism in the country, a special train commenced from Delhi's Safdarjung station which will cover seven destinations related to Lord Ram in the next 17 days. The Shri Ramayan Yatra train has been launched under “Dekho Apna Desh” (see your country) initiative by the Indian Railway Catering and Tourism Corporation (IRCTC). The IRCTC has planned a series of Shri Ramayana Yatra Tours and other trains with different packages will also be launched soon. Uttar Pradesh's Ayodhya is the first destination of Shri Ramayana Yatra train followed by Bihar’s Sitamarhi. Rameshwaram is the last destination. A total 132 passengers were on board in the two categories of train — 2AC and 1AC. Passengers have paid Rs 83,000 for 2AC package and Rs 1.02 lakh for 1AC package. The Ramayana circuit and the special train covering seven destinations considered important from Ramayana’s perspective is the brainchild of IRCTC’s senior official Achyut Singh, who is also the in-charge of...
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China Delivers Biggest and Advance Stealth Warship PNS Tughril to Pakistan

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  China has delivered to Pakistan the largest and most advanced warship, a frigate with stealth capabilities, it has ever manufactured as Beijing and Islamabad continue to strengthen their military capabilities against regional rival, India. China on Monday delivered to Pakistan the largest and most advanced warship, a frigate with stealth capabilities, it has ever manufactured as Beijing and Islamabad continue to strengthen their military capabilities against regional rival, India. Chinese state media reported the commissioning of the warship, quoting local and Pakistani officials, listing the vessel’s advanced capabilities, and noting that the delivery highlights Sino-Pakistan “all-weather strategic cooperative partnership”. The PNS Tughril is the first of the four Type 054 frigates being constructed for the Pakistan Navy, the state-run tabloid, Global Times reported, saying that the “…ship is a technologically advanced and highly capable platform with enormous surface-to-surface...
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Non-Muslims allowed to marry in UAE- a move to attract 50 Billion Dollar Indian Wedding Industry

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  It is the latest step in the United Arab Emirates -- where personal status laws on marriage and divorce had been based on Islamic sharia principles, as in other Gulf states -- to maintain its competitive edge as a regional commercial hub. Non-Muslims will be allowed to marry, divorce and get joint child custody under civil law in Abu Dhabi according to a new decree issued on Sunday by its ruler, state news agency WAM said. It is the latest step in the United Arab Emirates -- where personal status laws on marriage and divorce had been based on Islamic sharia principles, as in other Gulf states -- to maintain its competitive edge as a regional commercial hub. The decree from Abu Dhabi's Sheikh Khalifa bin Zayed al-Nahayan, who is also president of the UAE federation of seven emirates, said the law covers civil marriage, divorce, alimony, joint child custody and proof of paternity, and inheritance. It aims to "enhance the position and global competitiveness of the emirate as on...
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