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

#FacialRecognition: where are we today? Future?


FacialRecognition! Where are we today?

Not just Phone/SmartPhone, wherever in use or to be, how capable is the current set / technology & #AI today in terms of FaceDetection & FacialRecognition?

e.g.: Can a #iPhone/X (if not #LGPhone) detect a face damaged/burnt? Can #AADHAAR detect & authenticate a damaged/burnt face correctly?

Condition: facial security was set before the incident. 

Can an acid attack survivor, burns/accident/attack survivor be able to unlock/lock the device / pass the authentication in any security/ID?

How’s Google, Amazon, Microsoft or even any start-up or entity in this context?

Google’s AI over drawing(freehand on-screen) face detection I had tried online a few months back, but not to the expectation. It gave me a different result of a non-living object!

Is it safe to conclude that in case of facial makeover, transplant or any mutation it will go undetected?

It’s not about using mask scenarios, but real incidents.

What about patients with memory loss and so on?

Machine Learning be in this direction.

Gone Cases: Eyes/Iris if damaged. Fingers if gone? Voice/Speech: if sore throat or gone?

The nations / govt. & military/defence/security should have mechanism to detect a false face / impersonation.

That should be the roadmap. The future.

(Next: Sci-fi/Tech / Movies, bring me in!)

~ Prabeen Kumar Pati