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Will PoS Person Make Any Difference?

IRDAI has issued guidelines on Point of Sales (PoS)...
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Make Taxes Less Taxing
The Modi government promised to make tax laws more transparent and less complex. The revenue secretary, today, is Hasmukh Adiha, a Gujarat cadre IAS officer who is close to the prime minister. However, Indian tax laws are so outdated, and their application so mindless, that there is no dearth of issues affecting taxpayers. In our Cover Story, Ameet Patel, a chartered accountant who has written several outstanding articles for Moneylife, highlights five main areas on which the government can focus, to make income-tax less cumbersome. From the tedious TDS (tax deducted at source) to income-tax notices sent out to 80-year-olds for not filing taxes, to the ever-changing income-tax return forms and difficulty in dealing with any change in PAN records, these issues cost individuals a lot of time and effort. Will the government introduce reforms that save individuals from 
tax torture?
 
It’s been nearly a quarter century since the 1992 securities scam and the cases are still continuing. On 30th October, Justice Roshan Dalvi delivered a judgement in what should have been among the first scam cases to be decided. Sucheta, in Crosshairs, points out that innocent bankers have been convicted and sentenced to rigorous imprisonment while brokers, who can afford better and more expensive lawyers, have been acquitted.
 
In Different Strokes, Sucheta writes on the never-ending menace of chain-money schemes which have now got the attention of the parliamentary standing committee on finance. The committee recommends new legislation to deal with this large-scale looting of public money. Unfortunately, existing laws have not been effectively enforced. Recommendation of a new statute and special courts sounds good on paper, but it is unclear how it will work in practice.
 
Moneylife has, often, highlighted that investing in real estate is a bad option. 
 
R Balakrishnan, in his article, gives a few solid reasons on why you should avoid real estate as investment. From all of us here at Moneylife, wish you and your family a Happy Diwali!

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Hyundai to unveil self-driven car in December
South Korea's top automaker Hyundai Motor Co. is set to unveil its first self-driven vehicle in December, a media report said on Monday.
 
Hyundai plans to roll out the latest version of its "Genesis" luxury sedan equipped with the so-called highway driving assist (HDA) system.
 
The HDA system is designed to keep a car within the lane, maintain a safe distance from the car ahead and provide a navigation-connected system that gives warnings of maximum and minimum speeds on highway sections, Yonhap News Agency reported.
 
It is designed to enhance the driver's ability to cope with diverse situations that could happen on highways.
 
A Hyundai official said the company's launch of the model will usher in the era of autonomous driving in South Korea.
 
According to the official, Hyundai plans to apply the autonomous driving function to its other vehicles from 2020, which will "maximize" the safety for drivers in numerous road conditions.
 
The planned launch is part of Hyundai Motor's efforts to develop next-generation smart cars that combine automated driving with high-tech features. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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