Business news — صفحه 9 از 11 — ✅ خرید وی پی ان ❇ ip ثایت vPn آی پی اختصاصی ◐

ژوئن 5, 2022

Demand push: Rubber industry looks to double exports by ‘25

The $2-billion non-tyre rubber sector is aiming to double its exports by 2025, according to the All India Rubber Industries Association (AIRIA).
AIRIA president Sawar Dhanania said the global market for rubber products which is estimated at around $212 billion today is also expected to grow by 2025. “Because MSMEs are so important to India’s economy and commerce, we believe that India’s free trade agreements (FTAs) should include provisions to address the special concerns, demands and barriers that MSMEs may face while doing business in foreign markets,” Dhanania said at a meeting of the association in Mumbai.
He said the government should take steps to ensure that the terms of the FTAs benefit the MSMEs for internalisation, with trade facilitation mainstreamed in MSME development goals. “MSMEs can work world-wide by creating a level playing export infrastructure, improving their financing conditions, educating them about suitable marketing channels and facilitating their working with trading companies,” he said.
Shashi Singh, senior vice president of AIRIA, said, “Indian Institute of Foreign Trade (IIFT) and the export promotion councils should educate MSMEs on export procedures, documentation requirements, and the finer points of export.” “We expect IIFT and the EPCs should share export market intelligence and arrange specialist meets. It will be beneficial to individuals who are new to exports and wish to understand how to become export-ready,” Singh said.Best of Express PremiumPremiumPremiumPremiumPremium

ExplainedGlobal demand

“In the last 1-1.5 years, the government released Rs 55,000 crore under MEIS incentives as a reward. There are 13 trade agreements under which 12 are already implemented. Under India and the UAE agreement, 97% of Indian products exported get the direct benefit,” said Ramesh Holiachi, Joint Director General of Foreign Trade.
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“The India and Australia agreement is yet to be notified by the Indian government. The Australian government has provided geo-duty concessions to India…. 91-97% of Indian products will get duty concession in the Australian market. Footwear, pharmaceuticals and textile industry in India will benefit from this agreement,” said Holiachi.
AIRIA said the rubber industry has a huge potential for exporters as India is a labour-intensive market. “Due to Covid-19 and Ukraine war crisis, there have been a host of problems like availability of raw materials, increase in shipping prices and challenges to the cash flow. India has the highest cost in logistics at 17-18 per cent,” AIRIA said.

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می 31, 2022

Behind Aadhaar flip flop: Plaints, confusion

An advisory by the Unique Identification Authority of India (UIDAI) cautioning users against sharing a photocopy of the document was issued after its regional office in Bengaluru received complaints about Aadhaar details of some people being photoshopped and misused, government officials said.
The advisory was withdrawn by the Ministry of Electronics and Information Technology on Sunday on account of it being “misinterpreted”. Instead, the Ministry said, Aadhaar holders are “advised to exercise normal prudence in using and sharing” their card details.
“After UIDAI’s Bengaluru office received some complaints of Aadhaar details being altered using photoshop, they were alarmed by the possibility of its misuse. So they issued a statement urging people to not share photocopies of Aadhaar with unauthorised entities. But the advisory was causing a lot of confusion and could have been misinterpreted,” an official in the know said.

The initial advisory, issued last Friday, said citizens should share their Aadhaar details only with entities that have a “user licence” from UIDAI. It did not specify how to verify this user licence. It added: “Do not share photocopy of your Aadhaar with any organisations because it can be misused. Alternatively, please use a masked Aadhaar which displays only the last 4 digits of your Aadhaar number.”Best of Express PremiumPremiumPremiumPremiumPremium
While withdrawing the advisory, MeitY said, “Aadhaar identity authentication ecosystem has provided adequate features for protecting and safeguarding the identity and privacy of the Aadhaar holder”. It added that people should exercise “normal prudence” while sharing their Aadhaar details, without elaborating on what “normal prudence” constitutes. Queries sent to the UIDAI did not elicit a response until publication.

Friday’s advisory caught people by surprise who took to social media to complain that they regularly share photocopies of Aadhaar for a range of services from getting SIM cards, opening bank accounts, and checking into hotels, among other things. The advisory also appeared to be in stark contrast with a contention made by UIDAI’s former chief and then TRAI chairman RS Sharma, who in 2018 had shared his Aadhaar number on Twitter, challenging a user to show a “concrete example” of how the number could be used to “harm” him.
While critics have routinely flagged privacy-related risks of Aadhaar, a report by the Comptroller and Auditor General of India (CAG), released in April, noted that UIDAI had not ensured that the applications or devices used by agencies or private firms for Aadhaar authentication were “capable of storing personal information… which put the privacy of residents at risk”.
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In 2018, the Supreme Court had struck down Section 57 of the Aadhaar Act, which essentially allowed private entities to collect citizens’ Aadhaar details. While reading down the provision, the top court had called it “unconstitutional”. Soon after the judgment, however, the UIDAI had clarified to banks that Aadhaar know-your-customer (eKYC) can be used to authenticate beneficiaries of government subsidies and welfare schemes, paving the way for private banks to use the document to identify beneficiaries of government welfare schemes.
A few months later, the Centre issued the Aadhaar and Other Laws (Amendment) Ordinance, 2019, which allowed banks and telecom operators to collect Aadhaar details as a proof of identity. After the Centre launched the Covid vaccination programme, a plea was filed in the Supreme Court in 2021, claiming that the Aadhaar card was being mandatorily insisted upon for administering vaccines. The government then informed the top court that Aadhaar was not mandatory for registration on CoWin.

می 28, 2022

Choice between pre-tax and Roth 401(k) plans trickier than you think

Prathanchorruangsak | Istock | Getty ImagesWhether you’re a current employee or changing jobs, you may need to choose between pre-tax and Roth 401(k) contributions, and it may be trickier than you expect.Here’s the difference: Pre-tax 401(k) deposits reduce your adjusted gross income, and the money grows tax-deferred, meaning you’ll pay levies on withdrawals. By contrast, Roth 401(k) contributions don’t provide an upfront write-off, but earnings are tax-free.However, there may be other tax trade-offs, so you’ll need to weigh the pros and cons before diverting funds, financial experts say.More from Personal Finance:
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How to beat back rising prices with Memorial Day dealsRoughly 86% of 401(k) plans offered a Roth account in 2020, up from 75% in 2019, according to the Plan Sponsor Council of America.”In general, the goal is to take deductions at a higher tax rate and distributions at a lower one,” said certified financial planner Ken Waltzer, co-founder and managing partner of KCS Wealth Advisory in Los Angeles. If you plan on more income or higher taxes in retirement, tax-free withdrawals from Roth contributions may make sense, and tax-deferred contributions may be better if you expect lower earnings and levies.But that’s not always a winning strategy, according to Michelle Gessner, a Houston-based CFP and founder of Gessner Wealth Strategies.”Investors are quick to discard the idea of making Roth contributions if they are in a high tax bracket because they want the deduction that comes with a regular 401(k) contribution,” she said.However, the upfront write-off may not be worth it if you worry about the consequences of taxable required minimum distributions, she said. Social Security and Medicare costsWhen someone withdraws tax-deferred money from a 401(k), it boosts their income, which may trigger levies on Social Security and hike Medicare premiums. The formulas for Social Security taxes, Medicare Part B and Medicare Part D use so-called modified adjusted gross income, or MAGI.If half of your Social Security payments plus MAGI is more than $34,000 ($44,000 for a joint return), up to 85% of those benefits may be taxable.However, the bigger issue for retirees above certain income levels may be the surcharge for Medicare Part B, known as the Income Related Monthly Adjustment Amount, or IRMAA. While the base amount for Medicare Part B premiums is $170.10 for 2022, payments go up once income exceeds $91,000 ($182,000 for joint filers). The calculation uses MAGI from two years prior. Roth withdrawals, however, won’t show up on tax returns, said Gessner, meaning retirees don’t have to worry about these distributions causing Medicare premium increases.Diversify taxesSince no one can predict future tax rates, you may also consider creating a mix of pre-tax and after-tax funds from a diversification standpoint, experts say.”It is great when clients have both Roth and traditional retirement savings,” said Catherine Valega, a CFP and wealth consultant at Green Bee Advisory in Winchester, Massachusetts.If you have both pre-tax and after-tax funds, it may provide more options to craft an efficient retirement income plan, she said. .

می 27, 2022

A look inside the Boca Raton mansions commanding Miami Beach prices

The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd.Danny PetroniUltra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, breaking record sale prices every year for five consecutive years. And the price per square foot of the town’s top-end homes is now on par with Miami Beach pricing. “People tend to think of Miami when the subject turns to high-end South Florida real estate,” said Douglas Elliman real estate agent Senada Adzem, “But Boca Raton is, without question, one of the region’s premier luxury residential markets.”The all-time top sale in the town, located about 45 miles north of Miami and 28 miles south of Palm Beach, traded last year for $24.5 million, delivering a price per square foot of more than $2,800, according to public records. That’s more than four times the average $670 price per square foot for a luxury home, representing the top 10% of sales, in Boca.The record sale also tops the average price per square foot achieved in Miami Beach, at $2,766, according to the most recent Elliman Report for Q1.”Trophy properties have gained momentum in the South Florida market over the past three years — for tax benefits, for safety reasons, and because of the pandemic,” Adzem told CNBC.The great room at 2633 Spanish River Rd in Boca Raton, FL.Danny PetroniThis year’s already seen three more mega-homes hit the Boca market, each one priced to break last year’s record and push the town’s high-end even higher.Here’s a closer look at the three highest-priced homes for sale in Boca Raton:169 West Key Palm RoadThe twilight view of 169 W Key Palm from the waterway.Danny PetroniThe waterfront home at 169 West Key Palm Road was listed this week for $26.9 million. It’s located behind the private gates of Boca’s swanky Royal Palm Yacht & Country Club community, and the asking price is just shy of $3,000 a square foot.Living room with marina views.Danny PetroniThe almost-9,000-square-foot residence is being sold fully furnished. Dustin Nero at Douglas Elliman, who co-lists the home with Adzem, says high-end buyers moving from places like California and New York are wiling to pay a premium for a turnkey mansion.Sunset view from infinity pool and dock.Danny Petroni”It overlooks the Royal Palm marina. You don’t look at a house — it’s a very premium view,” said Nero, who believes the home’s unique view will help it break the town’s sale price record.Owner’s suite overlooking waterway and marina.Danny PetroniThe six-bedroom home sits on 104 feet of waterfront with deep water dockage on the Fishtail Palm Waterway and includes five full baths and two half-baths.One of two walk-in closets in the home’s primary suite.Danny PettroniNero, who represents clients in both Miami and Boca, believes a trophy home in Boca is still a relative bargain compared to the very top-end in Miami.”This home in Miami would list at $4,000 or $4,500 a square foot,” he said.The pool and hot tub situated above the home’s dock and overlook the community’s marina.Danny PettroniAnother selling point for Boca: Buyers can land their private jets here. The private airport in Boca recently added its own customs office, Nero said, the ultimate convenience for local residents traveling internationally by private jet.2633 Spanish River RoadThe view of 2633 Spanish River from over the Intracoastal Waterway.Danny PetroniThis almost-10,000-square-foot home located on the Intracoastal Waterway in the Estate Section of Boca was listed this month for $28.5 million. That puts the price per square foot just under $2,900.The home’s entryway is flanked by a water feature that spans the entire walkway on one side and lush vegetation on the other.Danny Petroni”It’s like a work of residential art that manages to walk the line between artful splendor and resort-style comfort,” said Adzem, who is a co-listing agent on the property with Nero.The view from the cantilevered primary suite.Danny PettroniThe contemporary home, which is also being sold fully furnished, unfolds over two floors with six bedrooms, eight baths and one half-bath. The owner’s bedroom is cantilevered over the deck, so when you’re laying in bed the room appears to float over the water.Owner’s suite terrace overlooking pool and waterway.Danny PettroniThe home’s great room has a double-height wall-of-windows that deliver panoramic views and drench the room in sunlight.The ground-level glass panels slide away blurring the lines between indoor and outdoor space.The room also includes a 12-foot double-sided fireplace clad in grey and black porcelain.A retractable glass wall opens the great room to the outdoor lounge and pool.Danny PetroniAdzem told CNBC the home also includes an ultra-high-end, hospital-grade air filtration system that’s tied into the central air system.”It’s designed specifically for a Covid-free home environment, with separate zones of HVAC for every room,” she said. 298 West Key Palm RoadThe night view of 298 W Key Palm from the pool area.Living ProofThe highest priced home for sale in town is a $35 million mansion spanning almost 11,500 square feet, built by developer SRD Building Corp.”We’ve been setting new highs consistently,” said SRD’s president, Scott Dingle.The newly constructed modern residence, also located on West Key Palm Road at the Royal Palm Yacht & Country Club community, is situated on the Butterfly Palm Waterway. It includes a private dock and more than 166 feet of waterfront. The waterfront home’s private dock.Living ProofThe view into the garage from the home office.Living ProofThe home’s five-car garage doubles as a supercar showcase that’s visible through a floor-to-ceiling glass wall from a desk in the home office.Roberts, who sold $545 million worth of homes in the community just last year, said the spec builder’s record-breaking strategy is simple.”They buy premium [lots], and they put premium on it,” he said.The pool deck and lanai areas.Living ProofThe home’s $3,050-per-square-foot asking price is a high bar for Boca Raton, which has yet to see a sale breach $3,000 a square foot. But Dingle, who said he’s built 160 homes in the community over the past 28 years, is confident it can happen.The spec builder told CNBC he has another home in the community under contract for $26.5 million, scheduled to close later this year at a record-breaking $3,200 per square foot.”This year you are going to see some new records set,” he said.The modern interiors at 298 W Key Palm include a mix of stone & wood finishes with a dramatic floating staircase.Living ProofDingle says 95% of the homes he’s built are in this one community and, after almost three decades, he continues to bet on Boca breaking records.”With a country club, marina, championship golf course, direct access to the beach, it’s a special spot,” Roberts said. “We have all our cards and chips in.” .

می 16, 2022

Uber update lets you book party buses, electric vehicles

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., smiles during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021.David Paul Morris | ReutersUber announced its latest slate of updates Monday ahead of what’s expected to be a busy travel and events season.The features, announced during its Go/Get virtual event, include:

A new option that lets you book a bus or passenger van.
A trip itinerary feature to help book rides throughout an extended trip, like a vacation, from one place to another.
Voice ordering
An electric vehicle hub for drivers.

Uber has been working toward becoming a “super app” as a way to diversify its offerings, which could potentially help drive long-term profitability. For example, the company is adding trains, buses, planes and car rentals to its U.K. app this summer.Here are the key offerings:Zoom In IconArrows pointing outwardsUber TravelUber will let users reserve rides for each part of their itinerary in one hub on the app. A user first connects their Gmail account to the app, then Uber pulls out reservation info and organizes flight, hotel and restaurant plans into one place for what it calls a “stress-free travel experience.” People who book with Uber Travel will get 10% back in Uber cash for each reserved ride. The feature rolls out Monday in the U.S. and in the coming weeks in Canada.Zoom In IconArrows pointing outwardsUber CharterUber is extending its ride-hailing capabilities through a partnership with U.S. Coachways. The company will let people book large vehicles like a party bus, passenger van or coach bus directly in the app, with the pricing upfront. The feature will launch across the U.S. this summer.Zoom In IconArrows pointing outwardsUber Eats at StadiumsUber is rolling out in-venue ordering on Uber Eats and Postmates at certain stadiums across the U.S. and France. Users will be able to place their orders from concessions at their respective stadiums and skip the line to pick up their order when it’s ready. Uber Eats at Stadiums is available in California at Dodger Stadium and Angel Stadium; in New York at Yankee Stadium; in Washington, D.C. at Capital One Arena; in Houston at Minute Maid Park; in San Jose, California, at PayPal Park; and in Rennes, France, at Roazhon Park.Voice OrderingUsers can also start ordering Uber Eats with their Google Assistant through a new integration. All a customer has to do is say “OK Google,” and ask to order a meal from a restaurant on Uber Eats. The feature has started to roll out globally in English, and Uber will add more languages in the coming months.Zoom In IconArrows pointing outwardsEV Hub and Charging MapUber has made a global commitment to become a zero-emissions mobility platform by 2040, but it will need to get drivers on board. With that, the company announced a new in-app system for drivers looking for more info on electric vehicles. The EV Hub is being billed as “a one-stop shop where they (drivers) can get information and incentives to join the electric revolution, and even compare the cost of ownership of an EV with a non-EV.” Uber is also adding a charging map to the Uber Driver app, which shows where the nearest EV chargers are located, what the charging speeds are and how to get there.Uber Comfort ElectricUber is rolling out comfort electric, which allows users to ride in a premium EV, such as a Tesla or Polestar. The feature is available Tuesday in Los Angeles, San Francisco, San Diego and Dubai, and is expected to expand to other markets soon.Vouchers for EventsUsers can now cover the cost of rides for event guests with vouchers. The person hosting will enter the event details, the maximum amount they want to pay and share the generated code with their guests. The guests will determine their own pickup and drop-off times and their chosen location. .