Centre may consider tax cuts for products in highest GST slab

Lili

More items may be knocked off the highest GST slab in an attempt to boost demand, as per a reportin The Economic Times. The economic slowdown has most states in favour of a tax reduction. Worried about the demand slump and unemployment, they communicated these concerns to the Centre as well, it said. The Indian economy slipped to a five-year low of 6.8 percent in FY19, with January seeing the lowest numbers at 5.8 percent. The GST Council, under new Finance Minister Nirmala Sitharaman, may meet ahead of the Budget presentation on July…

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IL&FS probe: Not just connivance, auditors also pitched products to top-brass

Lili

Auditors of debt-laden IL&FS not only connived with the top management in their fraudulent activities, but also sought to sell them certain products and services, according to findings of the SFIO probe that show large-scale violations in their auditing activities. The Serious Fraud Investigation Office (SFIO) probe into IL&FS group firm — IL&FS Financial Services Ltd (IFIN) — has revealed serious lapses at the level of auditors, auditing committee and the then top brass of the group. While the government has appointed a new board at IL&FS as part of…

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Top 5 Cars News Of The Week: Hyundai Venue Mild-hybrid, Kia SP2i Sans Camo, Skoda Karoq India Launch And More

Lili

This week’s news was mainly dominated by SUVs. Hyundai is considering a mild-hybrid variant for the Venue, while the Kia SP2i was spotted sans camo outside India. Talking about spy shots, the XUV300 Diesel AMT was also spotted this week and Skoda has confirmed that its midsize SUV Karoq will make its way here. Last but not the least, Volkswagen launched another special edition for the Polo, Ameo and Vento this week. Hyundai Considering Mild-hybrid Tech For Venue Turbo: Korean giant Hyundai is claiming that the Venue turbo’s fuel efficiency…

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Bitter Apricot Seed Products Recalled Due to Concerns Over Cyanide Poisoning

Lili

A recall warning has been issued for bitter raw apricot seeds and apricot seed meal from the brand Apricot Power due to concerns over cyanide poisoning. Ecoideas Innovations Inc., a Canadian natural health product retailer, issued the recall on June 1 because their Apricot Power brand of Bitter Raw Apricot Seeds and Apricot Seed Meal contain a natural toxin called amygdalin. The toxin, which is found in bitter apricot kernels, may cause cyanide poisoning if consumed in large enough quantities. The recall warning, issued by the Canadian Food Inspection Agency (CFIA), says…

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Scott Hiett: The Next Generation Of Computer Science

Lili

Scott Hiett is one to watch. I spoke to the 15-year-old Marling School student soon after his victory at Finastra’s FusionONE Hackathon, beating other developers double (or even triple) his age with his team’s winning product HYBER, an AI-based foreign exchange app that allows users to grow holiday money ahead of their trip. When Hiett was seven, he bought himself a ‘Teach Yourself Visual Basic’ book with a gift voucher he got for his birthday and “read it backwards, forwards, upside down, left to right, and spent a lot of…

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Chiara Ferragni Partners With Lancôme for Makeup Capsule Collection

Lili

MILAN — It eventually happened. As teased during one of her Beauty Bites masterclass in February, Chiara Ferragnihas launched her first makeup capsule collection in partnership with Lancôme. The collaboration made its social debut on Ferragni’s Instagram account on Monday. The influencer and entrepreneur behind The Blonde Salad digital platform and the Chiara Ferragni Collection label posted a video teaser showing makeup palettes, mascaras and a range of lipsticks, all in shiny pink packaging bearing her signature blue eye logo. “I wanted to create a makeup collection that is 100 percent my style. This is the reason why I…

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India’s coconut products export to cross ₹2,000 crore in FY19

Lili

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

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Memorial Day sales on products that will make your life easier every day

Lili

What’s better than the long weekend? We can only think of one answer: DEALS. We’ve specially curated items from the Mashable Shop that are on sale and will make your day-to-day life easier. Here they are: A power dock with Qi wireless charging capability that can fuel four different devices simultaneously. This four-in-one fast charging dock lets you juice up smartwatches, smartphones, wireless headsets, or an Apple Pencil all at once. It’s extremely compact and portable, and has anti-skid rubber stands built-in underneath to prevent potential slippage. Regularly $149.99, you can get it today…

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