New tax rate may lead to lower tax revenue

New tax rate may lead to lower tax revenueThe tax revenues may be lesser over the long term as the new 50% tax rate for people earning more than £150000 comes into action on Tuesday. The Institute of Directors warned today that the tax will simply drive top earners abroad. The group said that the new tax may be helpful to raise revenue in the short term, while it could actually lead to lower overall tax revenues over the medium and long term.

More surgeries are done by Surgery-owning doctors

More surgeries are done by Surgery-owning doctors U. S. researchers have found that doctors who invest in an outpatient surgery center perform on average twice as many surgeries.

author Dr. John Hollingsworth of the University of Michigan Health
System said in a statement, "Our data suggest that physician behavior
changes after investment in an outpatient facility. Through what some
have labeled the 'triple dip,' physician owners of surgery centers not
only collect a professional fee for the services provided, but also
share in their facility's profits and the increased value of their

Service sector improves but economic recovery may remain slow – BCC warns

Service sector improves but economic recovery may remain slow – BCC warnsThe British Chambers of Commerce (BCC) has warned today that there are still some risks and weaknesses in the manufacturing sector and it could lead the economic recovery to remain slow. However, BCC said in its first quarter economic survey that the service sector showed improvement in the first quarter of the year.

The British Chambers of Commerce conducted the survey between February 22 and March 17, 2010 among more than 5500 businesses, between them employing in excess of 600000 people.

Construction activities in UK expand in March

Construction activities in UK expand in MarchThe latest activity index from the Chartered Institute of Purchasing & Supply revealed today that the construction activities in UK grew in the month of March. This was reported as the first growth in construction activities since February 2008. The growth in the sector was mainly attributable to the rising new orders as private sector demand increased.

The Chartered Institute of Purchase and Supply/Markit construction PMI index was reported to 53.1, increased by 4.6 points while the index was on 48.5 in the month of February. A reading above 50 shows expansion in the activities.

Howzzat? Akshay Kumar becomes bowler for 'Patiala House'

Howzzat? Akshay Kumar becomes bowler for 'Patiala House'Mumbai, April 8 - Action star Akshay Kumar is taking his role as a cricketer in "Patiala House" so seriously that he has been training rigorously under former Test bowler Paras Mhambrey even before shooting has started.

Paras, currently working with the Indian Premier League's Mumbai Indians team, has been taking time off to coach Akshay whenever possible.

March food inflation drops to the lowest levels in past three years

March food inflation drops to the lowest levels in past three yearsUK Food inflation dropped dramatically in the month of March to the lowest levels in past three years, according to the figures released by British Retail Consortium. The latest Nielsen shop price index of British Retail Consortium showed that the food prices were reported up by 1.2% compared to the prices in the same month last year. The non food inflation was also reported down in the month of March.


News in Focus

Maharashtra accounts for nearly 50% of 45,000 Projects Registered under RERA across India

RERA registrations have been strong over the last one year, registering nearly 40% increase between September 2018 and October 2019.

45,000 Projects Registered Under RERA across India by October 2019

Real estate companies have started moving faster with project registrations under RERA. 45,307 projects registered across the country as on 5th Oct.

IRCTC Strong Stock Market Listing Review by Epic Research

IRCTC listed with nearly 100 percent gains over the issue price. The IPO of government-owned railways catering company has received a strong response from the market.

Electrify America launches Level 2 EV home charging station priced at $499

German automaker Volkswagen’s Electrify America charging infrastructure subsidiary has launched a Level 2 home charging station for electric vehicles (EVs).

France: Nantes Métropole association starts integrating e-buses into its TAN network

In France, the Nantes Métropole association of 24 municipalities has commenced the integration of electric buses into its TAN network.

US: Proterra receives order for 33 e-buses from Miami-Dade county in Florida

US-based electric bus manufacturer Proterra has revealed in a recent announcement that it has received a big electric bus order from the Florida county of Miami-Dade.

IRCTC Stock lists at double the IPO Price on NSE

IRCTC IPO has become the best performing IPO in the last three years as the railways operator listed on stock markets at INR 685.