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Repercussions of Jaitley’s budget on Indian diaspora in Oman

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Image source: huffingtonpost.in

Oman: The Indian expatriates in Oman hailed India’s annual budget of 2016-17 which was presented by the Finance Minister Arun Jaitley on Monday in New Delhi. Expats said that easing of customs declaration and an increase of free baggage allowance will be helpful for Indians living outside the country.

The latest budget also proposed to amend provisions dealing with the Tax Deducted at Source (TDS) of the Non-Resident Indians, which are currently subjected to a higher rate for NRIs without the permanent account number (PAN) card. The proposed amendment will ensure that higher rate of TDS is not imposed on furnishing alternate documents.

The budget also makes an ease on custom baggage rules for international passengers. “The filing of baggage declaration will be required only for those passengers, who carry dutiable goods,” Jaitley said in his budget speech.

“Expats had also hoped for a simplification of income tax processes and more relief on TDS. Besides, there is nothing on housing or an immediate relief in prices of basic commodities and personal taxes to create savings for the future for us,’’ said Sunil Kumar, an Indian expat living in Oman.

Yusuffali MA, Chairman of Lulu Group, the largest retail chain in the Middle East said that Jaitley is clearly highlighting the growth pillars of the economy by insuring rural, social, agriculture, skill, business and tax reforms. He also described it as a sensible budget which will make a positive impact on many sectors.

“I am happy that the government has stressed on the ‘Make in India’ campaign by providing tax and duty benefits and these will go a long way in strengthening the manufacturing capabilities and infrastructure facilities of India. The Finance Minister’s focus on agriculture was keenly awaited and will enhance expenditure on the rural and agriculture sectors, which in turn will enhance food security and boost exports. According to me, the ‘three years of tax holiday’ for start-ups is one of the most exciting announcements of this budget. The next generation of skilled entrepreneurs are our future and this will bring in the much-needed impetus. Another highlight would be the 100 per cent FDI (foreign direct investment) in food processing business. This will be news to many international players, who are looking to set up business in India and we all must welcome this.”

“Being a retailer, obviously, I am pleased to note that the minister mentioned retail as the largest service sector employer in the country and many more jobs opportunities can be created, provided the regulations are simplified. From a common NRI’s point of view, the easing of customs declaration and increasing of free baggage allowance are a welcome step,” Yusuffali added.

Reacting to the budget, K V Shamsudheen, the chairman of Pravasi Bandhu Welfare Trust, while speaking about the third budget, said that it focused on total infrastructure development including agriculture, health, social development, education, and daily life of the common people. Under the budget 2016-17, the government has targeted to double the income of farmers by 2022 (Fifteen per cent of India’s economy is based on the agriculture sector).

“This will change the face of India by making it an economic super power in the future. Indian diaspora’s remittances are among the world’s highest and NRIs contribute a big amount towards the foreign currency reserve of the country. “We have been proposing to the government to utilize NRIs’ financial resources, expertise, experience and business contacts for the development of the country,” he said.

He added: “We have two important initiatives ‘Make in India’ and the ‘National Skill Development Mission,’ which can be developed successfully with the participation of NRIs. Even though we are keen on this proposal,” he added.

According to the current price chart, a female passenger can hold only 32 grams of gold jewellery and a male passenger can take only 16 grams of gold jewellery with them, which is too little.

All the items carry from abroad are based on quantity but gold is based on value.

“So, we request allowance for gold jewellery to be raised to 50 grammes for male passengers and 100 grammes for female passengers and also request that gold allowance is based on weight as per the rule,” Shamsudheen said.

Lateef Shahdad, a Chartered Marketer said that it is the time to see the implementation of the budget, said it is a ‘rational one’ and expressing approval for the number of measures.

(With inputs from Times of Oman)

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61% Indian Business Leaders Fear Cybercrime Risk During Covid-19

61% of Indian business owners think their business may experience cybercrime during Covid-19

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SMBs believe that cybercrime is more likely to occur during Covid-19 situation than before. Pixabay

About 61 per cent of Indian business leaders and decision-makers think their business is more likely to experience a serious cybercrime during the Covid-19 situation as opposed to 45 per cent globally, said a survey on Tuesday.

About a third of small and medium-sized businesses (SMBs) believe that cybecrime is more likely to occur during Covid-19 situation than before, showed the study by US-based cybersecurity company CrowdStrike.

From February to March alone, CrowdStrike found that there was a 100x increase in Covid-19 themed malicious files.

Interestingly 62 per cent of Indian businesses surveyed, the highest among all the countries surveyed, provided additional training for their staff to learn how to avoid threats and Cybercrime while working from home.

The “CrowdStrike Work Security Index” surveyed 4,048 senior decision-makers in India, Australia, France, Germany, Great Britain, Japan, Netherlands, Singapore, and the U.S across major industry sectors.

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62 per cent of Indian businesses surveyed provided additional training for their staff to learn how to avoid threats while working from home. Pixabay

The survey looked into the attitudes and behaviours towards cybersecurity during the Covid-19 situation.

Also Read: Indians Watch 54% Online Videos in Hindi: Youtube

It included responses from 526 Indian decision-makers across small, medium and large business enterprises.

The survey revealed that a large majority of respondents around the globe are now working remotely, with more than half of them working remotely directly as a result of the pandemic.

This, in turn has given rise to the use of personal devices, including laptops and mobile devices, for work purposes, with 60 per cent of respondents reporting that they are using personal devices to complete work — with countries like Singapore and India even reaching 70 per cent or higher in personal device usage. (IANS)

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“Unfair Practices Smack The Elections For Herricks Board of Education”, Claims Candidate Bhajan Ratra

Due to the coronavirus pandemic, the elections will now be conducted exclusively by absentee ballot via US Mail

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Herricks
The Year 2020-21 School Budget Vote and its Board of Education Election is to be conducted on Tuesday, June 9th. Herricks.org

By Kashish Rai

The Herricks Board of Education is accredited by the New York State Board of Regents and the Middle School Association.

The Year 2020-21 School Budget Vote and its Board of Education Election is to be conducted on Tuesday, June 9th. Two seats in the board are being challenged. Henry R. Zanetti and James Gounaris are running for re-elections against challengers Bhajan S. Ratra and Tarantej S. Arora.

Due to the Coronavirus Pandemic, the vote was postponed from its original date scheduled in May and it will now be conducted exclusively by absentee ballot via US Mail.

Challenger Bhajan S. Ratra is an adjunct professor of Mathematics at Baruch College and SUNY Farmingdale. He is a panel member on the content advisory and bias review committees of New York State Teaching Certification Examination and has served in the past on the standards setting committee for the NYS Regents exams. He claims that unfair practices and inappropriate approach is smacking the election for the board.

The preceding position holders- Zanetti and James Gounaris have violated the code of conduct by doing undesirable posts through social media.

In the below given screenshot it can be observed that they are instigating the audience to vote for them by posting a picture of the ballot having their names marked. They can also be seen getting criticized by a user questioning the “appropriateness” of the post.

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Screenshot of the facebook post by Gounaris tagging Henry Zanetti.

According to the rules, it is illegal to take selfies/ post the picture of the ballot during the time of election in New York. Zanetti and James were seen violating the rules, thus, Ratra claims that their candidature should be disqualified.

In the above added screenshot, it can also be seen that the incumbents have pointed out “yes” To the budget vote. This can be considered as an act of misleading the public regardless of prior audits. According to the rules, an incumbent can not urge the public to vote “yes”. This raises some very serious questions- Does the incumbent(s) has/have their personal interest in voting “Yes”?

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Screenshot of the discussion by the audience in comments on the Facebook post by Gounaris.

Mr. Ratra states that the reason for him contesting the election is because of his will to serve his community being an educator. As a member of the board of education he wants to use his experience to influence the decisions taken by the board that will help to move the Herricks School district from good to great. Bhajan aims to establish a transparent approach between students, families, Teachers and board members.

Bhajan Ratra
Challenger Bhajan S. Ratra is an adjunct professor of Mathematics at Baruch College and SUNY Farmingdale. He is a panel member on the content advisory and bias review committees of New York State Teaching Certification Examination and has served in the past on the standards setting committee for the NYS Regents exams.

There were many issues emerging earlier in the board, among them which was an inordinate approach with the board’s budget. The NY State Auditors concluded that The Herricks school district consistently overspent its budget for custodians’ overtime pay — thousands of dollars in expenditures that in many cases may not have been necessary. Bhajan aims to focus on solving these very core issues, he says that he aims to take a stand but every time he tries, his voice gets dominated.

Headline
This picture represents the headline of the news story published on newsday.com which highlights the plight of mismanagement in budget of the Herricks Board.

Despite these frustrations and pressures, Bhajan has refused to give up because his only aim is to establish a clean and fair approach. In his concludary words Bhajan told NewsGram- “It doesn’t matter if I win or lose, my only aim is to serve my community in any possible way, these frustrations and pressures doesn’t affect me as I continue to take stand for my role and responsibility as someone who wants to contribute to the society”.

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Now, it is to be think upon~ what best possible action would be taken as far as the code of conduct and the rules are concerned with due respect to the elections. Here position doesn’t matter, what matters is ethics and the truth.

 

 

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Delhi Govt Issues Advisory for Spraying Pesticides to Deal With Locust Attack

Delhi government will also run awareness programmes regarding the same threat

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The threat of locusts is increasing in North India. Pixabay

To deal with the attack of locusts in the national capital, the Delhi government has issued an advisory for spraying pesticides, Cabinet Minister Gopal Rai said on Thursday.

Rai said in view of the increasing threat of locusts in north India, the Agriculture Department of the Delhi government will run awareness programmes to make the people and farmers of Delhi aware of this new threat.

“Also, the Delhi Government has issued advisory on spraying pesticides and its quantity,” Rai tweeted.

The circular was issued in order to prevent a probable attack in Delhi by a swarm of locusts, which are reportedly present in the states of Uttar Pradesh, Madhya Pradesh and Rajasthan.

“All concerned authorities are hereby advised to take preventive measures to control and eradicate the locusts to avoid devastating effect on standing agricultural and horticultural crops, vegetation, plants, gardens, orchard etc. in Delhi,” the circular said.

Pesticides
“Also, the Delhi Government has issued advisory on spraying pesticides and its quantity,” Cabinet Minister Gopal Rai tweeted. Wikimedia Commons

It directed that awareness programmes be organised for the public and farmers to prevent and control any such invasion by locusts in Delhi.

Also Read: NASA, SpaceX Postpone Historic Astronauts Launch Due to Bad Weather

“As the swarm usually fly in day time, and rest during night time therefore the locusts should not be allowed to rest especially during night,” it said.

The circular added that the authorities may carry out spraying of insecticides or pesticides during the night.

The chemicals suggested for spraying were Malathion 50% EC; Malathion 25% WP; Chlorpyrifos 20 % EC; and Chlorpyrifos 50 % EC. (IANS)