Author: News Desk
UAE issued its federal corporate tax lawIt will charge a headline 9 per cent rate on taxable income surpassing Dh 375,000Salaries or other personal income from employment are exempted from thisThis is applicable to the Government, Semi-Government, and Private SectorsThe tax regime incorporates Internationally-accepted principlesSome businesses that contribute to the economy are exempted from the taxBusinesses involved in natural resource extraction are an exampleHowever, they will be subject to local emirate-level taxationGovernment entities, Pension funds, and Investment funds are also exemptedThe UAE corporate tax will be effective from or after June 1, 2023
Who have been India’s 10 most consistent wealth creators in the 2017-2022 period?
On March 3, 2021, the United Nations General Assembly declared the year 2023 as the International Year of Millets. India is one of the promoters of millet. India is one of the major producers of Jowar, the biggest millet crop, and Bajra. Ragi, foxtail millet, buckwheat, and amaranthus are other varieties of millet. In India, mainly Maharashtra, Karnataka, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Haryana, and Gujarat produce millets. Here, it is a Kharif crop. India is one of the oldest nations to use millet. Records say that even the Indus Valley people consumed millet, which is a climate-friendly crop. It is a perfect crop to ensure food security and beat climate change because millets can be cultivated even…
The Vikram Sarabhai Space Centre (VSSC) successfully completed the first blow-down test to inaugurate the new trisonic wind tunnel. The enormous structure gives the Indian Space Research Organisation (ISRO) a powerful internal support system for space missions and the ability to conduct experiments in three speed regimes. According to the VSSC, it is a significant step toward national aeronautical self-sufficiency. In this case, scale models of ISRO rockets and spacecraft were studied using wind tunnels, which are instruments designed to research the effects of air flows on solid things. At its widest point, the trisonic wind tunnel at VSSC is…
Have you ever thought about the unique feature of your mobile phone? Or how would you find it if it gets stolen? In the latter scenario, the IMEI number of your mobile phone, which is a unique fingerprint for a mobile device, can come to the rescue. This number can also provide details about your phone. Let us delve into the subject. IMEI, a unique 15-digit number, stands for International Mobile Equipment Identity. It is used to identify a device on a mobile network. Phones with dual sims will have two IMEI numbers, one for each slot. You can check your phone’s IMEI number in different ways. It is usually found on the back of your phone. Device manufacturers also paste it on the device’s box.…
As the semiconductor supply improved, the passenger vehicle (PV) segment showed strong sales in November. The domestic volumes rose 31.44 per cent YoY at 322,861 units. Here is a list of India’s top 10 selling cars in November. Maruti was the top seller in November. Its seven models showed great demand. The largest selling car was Baleno. Its 20,945 units were sold in November. Tata and Hyundai also were in demand. The Nexon registered sales of 15,871 units and became the top-selling SUV. Alto (15,663 units), Swift (15,153 units), and WagonR (14,720 units) found a place in the top five. The best-selling sedan Dzire sold 14,456 units while Maruti Suzuki Ertiga sold 13,818 units. Hyundai’s Creta and Tata’s…
Tata Group plans the production of semiconductors in IndiaThe conglomerate would start it within the next few yearsIt already has planned to invest $90 billion towards itTata would set up this business under Tata ElectronicsIts partners will possibly be from the US, Japan, Taiwan, and South KoreaThe automobile industry has been facing a semiconductor shortage after covidTata expects the business will make India a global semiconductor supplier
From compact to lip gloss and kohl, Lakme is a way-to-go brand for most Indians. It is a household name. Do you know that Lakme is an Indian brand? Yes, it was Prime Minister Jawaharlal Nehru who initiated the project. To know the story better, you will have to travel back to the early 1950s, a time when India was a young country with a fragile economy. Prime Minister Nehru was concerned to see the Indian middle class and upper-class women splurging on cosmetics from the West and it adversely affected the foreign reserve. It was not their fault. They had no trusted cosmetic brand in India. Moreover, the European rule had given the idea that ‘make-up from the West is the best.’ It was at this…
Reliance Industries and Ashok Leyland to collaborateThe two entities will work for the development and supply chain of Hydrogen-powered enginesInitially, Leyland will retrofit an existing fleet of 45,000 trucksRIL use the trucks to ferry refined products and other goodsThese vehicles will use Green Hydrogen instead of Diesel Ashok Leyland is a Hinduja-owned truck and bus maker
Tata Group plans the production of semiconductors in India The conglomerate would start it within the next few yearsIt already has planned to invest $90 billion towards itTata would set up this business under Tata ElectronicsIts partners will possibly be from the US, Japan, Taiwan, and South KoreaThe automobile industry has been facing a semiconductor shortage after covid Tata expects the business will make India a global semiconductor supplier