UnionBudget2018India 1Feb2018: highlights2: #Salaried. #SeniorCitizens. retail #Investors. #Technology-Orientation. #DigitalIndia


#UnionBudget2018India 1Feb2018: highlights for salaried individuals & senior citizens & retail investors that are affected:: + technology orientation & digital India::

Personal Income Tax:

  1. no proposal or no change in tax-slabs for individuals. (#FM states that he has done enough for the salaried class & tax slabs already!)
  2. New: 40000 rupees – standard deductions:  transport & medical reimbursement allowances
  3. Women PF employee contribution reduced to 8% to allow higher take-home salary
  4. Senior Citizens: exempted interest income on bank or post office FD 10k increased to Rs.50K. NO TDS under sec 5A.
  5. health insurance premium & medical expenditure Rs. 30k to 50k under 80D.
  6. general deduction: Rs. 60K senior citizen & 80k snr snr to 1lac for all.
  7. assured 8% return on LIC policies
  8. Equity markets:
    1. ROI on equity:

      This is #BREAKING!

      long term capital gains now

      but vibrant equity mkt => modest (as per FM!)

      tax on exceeding 100000 investment at 10%! What!

    2. 1yr as short term capital gain at 15%

  9. MFs at 10%!
  10. health & education cess increased to 4%
  11. highlights for Companies & employees in insurance scheme – so change in HR policies/benefits restructure or standardisation: All 3 nationalised insurance companies will be merged and listed as one company.
  12. highlights for Companies & Enterprises:
    1. Unique Aadhaar ID for each enterprise entity to be mandatory.
    2. Also 372 business reforms on the cards
  13. #Technologies/ #Digital #India:
    1. #blockchain being evaluated & to be adopted towards digital India.
    2. #CryptoAssetsCurrencies are absolutely Illegal
    3. #MachineLearning #AI #InternetOfThings #IoT #3DPrinting through #StartUpIndia #MakeInIndia schemes through #NitiAyogs
    4. #robotics #BigDataTechnologies etc. will be through #CyberCOEs #CentreOfExcellence around 373!
  14. Telecom+Digital: indigenous #5G speed at #IIT_Chennai

 

~ Prabeen Kumar Pati

#UnionBudget2018India #UnionBudget

#PrabeenPati

The most disrupting/buzzing word/term/happening of the year 2017 & the list (by Prabeen)


The most disrupting/buzzing word/term/happening of the year 2017 & the list (listed by Prabeen)

  1. disrupt” – the “most buzzing word/term/prefix in the world of technology & everywhere” of the year 2017 & pre-: (my diagram incomplete).

2. BitCoin – the sensational rise & rise & the invitation to scrutiny thereby ->volatility. Most buzzing thing and controversial thing of late.

3. AIArtificial Intelligence:

The most common revolutionary disruptive word/phrase & happening / reality in the world throughout not just technology.

4. 4th (Fourth) Industrial Revolution.

Yes it’s happening already & AI is just a part of it.

5. VRVirtual Reality

6. ARAugmented Reality

**************************************************

Let’s bit go one level details in broader category wise:

  1. disrupt:

#disrupt / disrupts / disruption / disruptive

  • disrupting technology / idea…
  • disruptive innovation
  • disrupting policy
  • digital disruption

As stated, the most common revolutionary disruptive word/phrase & happening / reality in the world not just technology:

  1. (2) AI Artificial Intelligence

(& related pre- happening – underneath & along-with:

2.3 Big Data + 2.1 Machine Learning + 2.2 Analytics)

#AI, (apart from (4) mobile), my personal point of view, I was very sure & had visualized; & also responded to my uncle way back in the year 2008 when he asked what’s the next big thing or future of technology;

& future of IT / jobs: IT market far from being saturated. Gov-based lots of opportunities. There would be job losses but also new paradigm shift & opportunities from time to time.

4. Virtual Assistant (related to AI)

5. Mobile – Mobility. Mobile Platform (always buzzing and so common that buzzing is not even a word).

6. Touch (Touchable User Interface) . Self-explanatory.

7. Speech Recognition (again self-suficient)

8. Facial Recognition (LG used it, but Apple / iPhone hyped it and justified it)

9. Connected: connected network. connected world. connected things.

10. #IoT (under / related to 9) – Internet of Things (carries over from past year)

11. BlockChain (financial transactions / logs / institutions)

12. CryptoCurrency (under/related to 11) – Most / Top controversial technology thing.

13. (3) BitCoin (under/related to category 8! but actually at #2or 3.) (- the sensational rise & rise & the invitation to scrutiny thereby ->volatility. Most buzzing thing of late. It’s not just bit of a coin! Very complex and complicated and energy-sapping. Most / No.1 controversial technology thing + term especially of late.

Yes, all these years, even I’ve been a silent spectator as many. Never knew how to invest nor have the resources/money to invest.

Most underestimated or under-/not-hyped but used and really effective/relating word/term/thing: “unified“.

14. #unified: unified stack, unified architecture => unified connected world

Happening in the background not very hyped or vocal:

15. OpenBank project. (Financials+Credit/Loans. Transactions. Logs. History. Eligibility)

16. Trend in Collaboration (actually one top thing).

17. Architecture: Open.x Open Architecture

Obvious & common use:

18. Cloud

19. Machines / Robots

20. Automation

(1) human at the centre (center)/core of it all.

These will continue for the next year as well. More are there but let me stop here for the time-being.

~ Prabeen

Prabeen Kumar Pati