World
Nearly half of America has damaged or lost smartphone
New York :  Nearly 49 percent American smartphone users have either broken or lost their devices summing up to almost 230,685,172 broken or lost mobile phones, a study by the US-based Verizon and KRC Research said.
 
About 43 percent of the people have damaged the device by dropping it in water and nearly 42 percent of them sent it through the wash.
 
Other embarrassing ways included throwing it, dropping it out of the window, spilling something on it, tripping and landing on it or finding their pet playing/chewing on it, the study said.
 
The study also revealed that on an average Americans broke or lost two mobile phones with lower the age the higher is the possibility of damage.
 
Two out of three millennials (those born between about 1980 and 2000) have damaged their devices and account for 67 percent of all the people who damaged their devices. Generation Xers (born between the mid-1960s and 1980) follow them at 58 percent.
 
Interestingly, 67 percent parents have broken or lost their mobile phones than phone owners without children (38 percent).
 
Fiftyfour percent of mobile phone owners drop their phone at least once a week, and 45 percent misplace their phone at least once a week, the survey revealed.
 
"Nearly half (46 percent) of millennials would cry over a broken or lost mobile phone, and just as many would replace it before they ever had to own up to how they broke or lost their mobile phone (45 percent)," the report said.
 
"One in four (26 percent) millennials would even lie about how they broke or lost it," the report added.
 
Rather than break or lose their mobile phone, one in three (34 percent) said they would prefer to lose other important items including their bed, keys, and even friends.
 
The survey was conducted online with 1,026 US adults from February 18 to February 21.
 
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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Business tax in China to be replaced by VAT
Beijing : Business tax in China will be replaced by value added tax (VAT) before May 2016, a concrete step in deepening fiscal and taxation reform, the country's finance minister said on Monday.
 
"The progress in the VAT reform last year was slower than having planned, efforts would be made to meet the May 1 deadline," Xinhua quoted Minister of Fiance Lou Jiwei as saying on the sidelines of the National People's Congress annual session.
 
"Starting from May 1, the replacement of business tax with VAT will be extended to construction, real estate, finance and consumer services to ensure that the tax burdens on all industries is reduced," Premier Li Keqiang said.
 
The great number of corporate tax payers, about 9.6 million, in the four mentioned industries caused slow progress last year, Lou said.
 
Business tax refers to a levy on the gross revenue of a business while VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production.
 
A pilot scheme on business tax-to-VAT was initiated in 2012.
 
From 2012 to the first half of 2015, the measure has resulted in tax savings of over 484.8 billion yuan ($75 billion), accounting for 0.2 percent of Gross Domestic Product in the period, according to China International Capital Corp. Ltd., a joint venture investment bank.
 
Lou encouraged businesses to make good use of the money saved from the VAT reform, especially by channelling it into higher efficient investment, to promote industrial upgrades, which satisfies the purpose of the ongoing supply-side structural reform.
 
"We may assure that VAT replacement means lower tax burdens for an industry as a whole but not necessarily means that any company in an industry would see lower taxes," Lou said.
 
Lou also said that his ministry was working with relevant agencies on property taxation and proposals on individual income tax reform.
 
However, he advised people not to hold their expectation too high as the reform will be in "a complicated process".
 
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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'Women intend to quit jobs due to gender bias, harassment'
New Delhi : Working women, especially those in the private sector, desire to quit their jobs for a number of reasons, including gender bias and workplace harassment, according to a latest survey.
 
"About 40 percent of working mothers want to quit jobs to raise their kids. Gender bias together with workplace harassment and inconvenient working hours remained top reasons as to why majority of respondents wanted to quit their jobs," said a survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham) under the aegis of its Social Development Foundation.
 
The survey was conducted ahead of International Women’s Day that is celebrated globally every year on March 8.
 
The association had interacted with a total of about 500 working women, including 200 working mothers in 10 cities of Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi-NCR, Hyderabad, Jaipur, Lucknow, Mumbai and Pune during the course of past fortnight to gauge their career related goals.
 
About 25 percent of the total respondents said they wanted to quit their jobs and cited various reasons ranging from inconvenient working hours or late sitting, pay gap, gender bias, workplace harassment, lack of safety, poor working conditions, pursuit of higher education, family related issues and others, the survey said.
 
Motherhood and lack of quality time with family were the primary reasons to quit for 80 out of 200 working mothers interviewed by the association.
 
Regarding harassment, about 30 percent of the total women interviewed by ASSOCHAM said they had been harassed at work, were denied promotion and plum assignments.
 
Besides, many of them also said they did not get much support from their authorities if they complained and as a result felt bogged down further due to guilt and shame.
 
Most of the respondents said their organisations did not have redressal mechanisms in place and did not comply with legal requirements to provide a safe workplace for women and display a very casual approach to such issues.
 
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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