Share to Twitter Share to Linkedin As the terrifying words and shocking photos showing fierce fires destroying thousands of acres of land flooded social media, it was hard to not feel helpless. The over 50 mph winds assisted the fire in covering so much ground in such a short time that people who thought they were out of harm’s way would quickly realize within the same hour that they needed to evacuate as soon as possible. The direction of the wind changed constantly making it impossible for anyone within Napa Valley and Sonoma County to know if they were truly safe, as fleeing one’s home had many downsides since temporarily living in a crowded community center seemed to be a torturous alternative, or much worse, one could accidentally drive into the heart of one of the fast and furious fires, trapped with no way out. Many living outside of northern California stayed glued to the internet to see if friends or colleagues in the wine industry were doing okay. … [Read more...] about Woman From India Leads As Winemaker At Beloved Napa Winery To Build A Better Tomorrow After Tragedy
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India’s gig economy could employ 2.35 crore people by FY30, representing a three-and-a-half-times increase over 10 years, a report by the government think-tank NITI Aayog estimates. The gig economy employed around 68 lakh people in FY20, India's Booming Gig and Platform Economy: Perspectives and Recommendations on the Future of Work report released on June 27 said. The total number of employed persons in India in FY20 is estimated to be 51.10 crore. The report expects the number to rise to 56.96 crore by FY30. Usually temporary and part-time, gig jobs can range from food delivery to driving for ride-hailing companies such as Ola and Uber. "At present, about 47 percent of the gig work is in medium skilled jobs, about 22 percent in high skilled, and about 31 percent in low skilled jobs," the report said. Close "But the trend shows the concentration of workers in medium skills is gradually declining and that of the low skilled and high skilled is increasing. It … [Read more...] about ‘Gig economy’ may employ 2.35 crore people by FY30, says NITI Aayog report
Share to Twitter Share to Linkedin Your brain is always on the hunt for something interesting. That’s a good thing in most cases. When you go to the grocery store, you can tell the hunt is underway. You’re looking for good sales or trying to decide between Thai food or chicken curry. At a bookstore, you might glance at a few covers and in a flash see a striking title or a colorful design. Next thing you know you are carrying a pile of books home. This constant search uses a part of our brain called the temporal lobe. As the name suggests, this region is what allows us to “catch and release” anything that controls attention on a temporary basis. We love this kind of temporal activity because most of us get bored easily; we’re happy when there is a constant stimulus of attention. The allure of material “things” means our brains can switch focus and keep looking for something worthy of our attention. I mention shopping because, when we go to a store, … [Read more...] about How Social Media Tricks Us Into Thinking We Are Paying Attention
Representative image In July 2017, India ushered in the Goods and Services Tax (GST) for levy and collection of taxes on inter-state supply of goods and services. Almost five years on, accountants complain of multiple glitches in the system hailed as the single biggest tax reform in post-independence India when it was introduced. For instance, the GST Act has failed to provide a system to address Centre-state and inter-state disputes, they said. Article 279A (11) of the Constitution enables the GST Council to institute a mechanism to resolve inter-state disputes, but no such system has been seriously contemplated so far. Also Read: GST at 5: A structural, economic analysis and prescriptions Close Today, the law only says that if GST has been wrongly paid to the Centre, there will be no interest liability and if tax has been wrongly paid to a state, it will be refunded. Moreover, there is a constant doubt still over the applicable rate of GST that makes … [Read more...] about GST at 5: Accountants still confront major issues in filing returns
Share to Twitter Share to Linkedin It’s well established that urban environments are going to be home to the majority of the world’s population in the coming decades. While extreme weather is causing floods, droughts and wildfires, it’s also going to have significant effects on urban living. The increasing temperatures the media is discussing, from heat waves across India, the US, Spain and Germany, Doha at 49°C or Jacobabad at 51°C, mean that we must find new ways to protect city dwellers from the worst impacts of a changing environment. According to Lauren Sorkin, executive director of the Resilient Cities Network, cities have the potential to address climate change but they need a rethink in terms of how they keep people safe and build in equity and resilience. Sorkin argues we also need to agree on a common set of risks – and be honest about the level of risk we face. It’s important to remember that cities themselves are major infrastructure investors and … [Read more...] about As Climate Change Threatens Mounting Urban Costs, Is Biomimicry The Way Forward?
This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A LAST week, CTOS Digital Bhd made a bold move to raise its stake in RAM Holdings Bhd (RAM), in which it already owns a 19.225% stake. This is the third acquisition that CTOS has undertaken within a year. CTOS, which bought into RAM shortly after it was listed in July last year, launched a general offer last week to buy out the remaining shares that it does not own in the credit rating agency (CRA) soon after it got the green light from the Securities Commission Malaysia (SC) to own more than 51%. CTOS has so far spent the bulk of the RM173.8 million raised from a private placement in March on mergers and acquisitions (M&A). RAM will be the first local CRA to have a controlling shareholder upon the completion of the takeover offer. Dollars and cents aside, the takeover bid has prompted some quarters to question whether the independence of RAM’s rating … [Read more...] about Making sense of CTOS’ venture into RAM