Tag Archives: #Consumer

GST DAY

Approx most of the day we heard about this Term GST, if we Recharge mobile current postpaid bill is Rs 500, we will have to shell out Rs 590. It is Rs 15 more than what you are currently paying. Food, electricity, gold, land, loans in these services GST is applicable

GST, Goods and Service Tax Act passed in the parliament of India on 27th March 2017 and came into effect on 1st July 2017.

The day was celebrated on 1st July 2018 to mark the first anniversary of the new indirect tax regime.GST is a single indirect tax on the supply of goods and services right from manufacturers to consumers. It’s replaced a number of taxes such As excise duty, service tax, central sales Tax, Value-added Tax(VAT), and Octroi.

Excise duty is an indirect tax that levies on the goods which, are produced within the country. This tax is not related to the Customs Duty. Excise Duty is also known as Central Value Added Tax. value-added Tax is collected by the state government. For example, if we purchase a good then we must pay an additional tax as Value Added Tax to the government. The VAT rate is decided based on the nature of the item and state.Custom duty and OctoroiThis tax is levied on those goods that are imported into India from outside. The Custom Duty tax is paid at the port of entry in the country as the airport. This tax rate also varies over the nature of goods. While the Octroi tax is charged on the goods entering the municipality.

GST was First coneceptual by Former Indian Prime Minister Atal Bihari Vajpayee,1999.

In an official message on the occasion of GST Day, Finance Minister Nirmala Sitharaman on Wednesday said that more efforts are required to ease tax compliance further for the taxpayers, especially the micro, small and medium enterprises (MSMEs). Wednesday marked the third anniversary of the launch of the Goods and Services Tax (GST) regime.In message, Ms Sitharaman herhighlighted the steps taken towards easing the return filing process, including the recently introduced feature of SMS-based filing for nil return

The era of artificial intelligence.

With the development of science and technology a great change came in working of human life. The development of artificial intelligence which refers to the simulation of human intelligence in machines that are programmed to think like human and mimic their actions.Nearly 20 years into the 21st century, our World has dramatically reshaped into modern computing and now every company is using Artificial intelligence(AI).The introduction of AI to different technologies such as industrial production, robotic replacing workers, virtual assistant,creating a centralised device for all your information and autonomous vehicles that will see human driving along side.The best known example of (AI) is in the emerging field of autonomous car.Big companies like Google and Tesla their self driving car and Autopilot system respectlly.It is being used in e-commerce business to expand their circullum.It plays a great role in protecting the cyber security.With (AI) and automation is a concern and fear for good reason. A two year study from MC Kinsey global institute suggest that by 2030 robots could replace as much as 30% of the current labour.So the development of (AI) could spell the end of human race it would take of its own re-design itself at increasing rate.

Yoga is the journey of self, through the self to the self

In the busy schedule of the lives where people don’t have time to rest and relax there comes the original of a very peaceful activity named as ‘Yoga’. It has came into existence in ancient India which is provides a way to engage yourself towards the harmony.The original meaning of the World is “Union” it is one the six Aatika (Orthodox) school teaching of hindu tradition. It provides mental and spiritual peace to the body where one can surely relax himself and attain peace. Now this practice is famous all around the World which initially originated from India it is a kind of art that connects mind and body.few significance of yoga are that when we practive several asanas ,and postures it strengthens our body and give our body felling of well being and wealthiness. Furthermore it helps in sharpening the mind and improving intelligence.It also connect us with the nature like never before and enhances our social well being.In addition you develop self discipline and self awareness if it is practiced regularly. 21 st of June is celebrated as ‘International Day of ‘Yoga’ where people are made aware of the importance of ‘Yoga’. The father of modern ‘Yoga’ is Tirumalal Krishnamacharya he has both the knowledge of Yoga and Ayurvedic.The founder of Patanjali company Baba Ram dev is yoga Guru he conducts yoga classes.Someone has rightly said Yoga does not change the way we see things ,it transforms the person who sees

Swiggy to shut down it’s independently working food delivery service-scootsy.

Bangalore-based food-tech unicorn, Swiggy plans to close its on-demand online food delivery service Scootsy, a Mumbai-based startup which it acquired in 2018, for an estimated value of Rs. 50 Crore, to expand its operations in the online food delivery segment.

Scootsy,  was permitted to function as an independent app, serving food from a curated list of brands (such as Masque, Nara Thai, Royal China, Trattoria),gourmet food stores, and  bakeries after the takeover in Mumbai.

Swiggy is one of the many big Indian brands that have been adversely affected by the Corona-virus pandemic.Food delivery business in India saw a 70% drop in food order volume, with just 25% of listed restaurants operational.

In the past month, Swiggy has concentrated on luxury ‘curated’ consumer food delivery and has been linking itself to premier hotel groups like ITC Hotels, Marriott, Hyatt, KA Hospitality and such similar brands—to raise its average order volume and size on its website as it aims to benefit further from high-ticket size orders.

Thus the major food startup is planning to fully merge Mumbai-based Scootsy, an already premier food delivery brand , on its own platform and will redirect Scootsy’s customers to the Swiggy app. With this it will also undertake the transitioning of Scootsy’s partners and delivery fleet onto the Swiggy platform.

“Swiggy has seen a increase in demand over the past few months for customized food choices from premium brands. In order to extend our reach to all discerning consumers across Mumbai, we will be transferring the services provided by Scootsy to Swiggy ‘s platforms in the near future. This will be the first big step in setting up the premium category for Swiggy,” said a Swiggy representative.

Recently, gourmet restaurants have slowly begun to tap food distribution services such as Swiggy to ensure continuity of business as the industry expects  changes in consumer behavior toward eateries.

Source: https://www.livemint.com/companies