Indians depositing money abroad for education, travel or other purposes will now have to pay a tax on the amount of up to 5 percent. Analysts say the new tax, which the government initiated as an additional measure anti-evasion measure, is unlikely to deter the outflow of funds from the country. The government allows citizens to directly deposit money in foreign banks through the Liberalized Remittance Route (LRS). The government’s order on taxing foreign remittances states that remittances for tour packages will be taxed at 5 percent. For education and other purposes, remittances above INR 700,000 ($9,450) would be taxed…
Author: zenger.news
Jet Airways — once India’s biggest private airline — hasn’t flown since April 17, 2019, when it was grounded by financial woes. Now, two bidders for the bankrupt airline promise to revive it and set it soaring once again. The winning bidders are a consortium of Murari Lal Jalan, a businessman from India’s eastern state of Jharkhand who is now based in the United Arab Emirates, and Karlock Capital, a global financial advisory and asset management firm with headquarters in London. After several futile attempts to revive the airline, which went into insolvency in June 2019 initiated by the airline’s lenders,…
Dozens of women journalists in Pakistan have complained against a coordinated and vicious social media campaigns intended to intimidate, discredit and harass them and others in their profession. “I had to leave my job and career because of the bad name we bring to our families, the comments people leave on our pictures and the replies on our tweets,” said Ayesha Khalid, a former news presenter at Geo TV, one of Pakistan’s private news channels. “Not everyone has a strong support system. Many a time, my husband’s name would also be dragged into a Twitter argument as random trolls would…
ABU DHABI, United Arab Emirates—The family of a once-comatose bodybuilder is facing eviction in the face of a growing mound of hospital bills. Tristan Alberts suffered a traumatic brain injury and respiratory failure when he was 20 years old in 2017. Prior to his hospitalization, he had started taking supplements to build muscle faster, including insulin, a hormone that regulates blood sugar. Tristan Alberts at hospital with his father Neville Alberts by his side. Tristan has been diagnosed with traumatic brain injury and respiratory failure.(Real Press)He ended up in a hypoglycemic coma and had to undergo emergency surgery to save…
AVIGNON, France—An activist on a more than 500-mile walk to raise awareness about plastic waste has already collected over 2,500 discarded coronavirus masks. Eddie Platt, 42, originally from Leeds, England, is making his way across France, in an epic litter pickup that began at the Saint Charles train station in Marseille on Oct. 1 and is set to finish at the Gare de Lyon train station in Paris on Nov. 19. Marseille independent journalist and videographer Fred Munsch, 40, is tagging along to document the journey, dubbed “The March to End Littering between Marseille and Paris.” Eddie Platt along with…
PORTO, Portugal—A French husband and wife quit their successful careers to embark on the journey of a lifetime — and not even the onset of a global pandemic has interfered with that plan. Jean-Benoit, 54, and Isabelle Lagarde, 53, have been making plans to explore the world by sea and taking boating courses for years, so they were undeterred when the COVID-19 pandemic hit. So much so, that they’re more afraid of being rammed by a killer whale than of contracting the coronavirus. Isabelle and Jean-Benoit Lagarde have set off on a 10-year trip around the world and are not…
LOS ANGELES— In Israel, the sight of an African American man dressed in full Hasidic regalia tends to attract second glances even from people who don’t recognize this person as an internationally-known Orthodox Jewish rapper. Above all else, however, Nissim Black craves authenticity. He is who he is and can live with the attention. “I get a lot of stares. Mostly good,” Black said. “They could be staring at you because you look different, or they could be staring at you because they like your music, and they don’t necessarily know how to come over and tell you so.” An…
SAULHEIM, Germany—A formerly obese German man lost around 88 pounds in two months through a diet primarily consisting of sugar-free chewing gum. The massive weight loss left divorced father-of-one Jorg Lang, 47, with skin aprons, but he can do more with his 11-year-old son, Noel, than when he weighed at 330 pounds and could barely make it up the stairs. Lang, who lives in Saulheim, a small town in the state of Rheinland-Pfalz, said the radical diet was a shock to his system but has given him confidence in himself. Jorg Lang before losing weight.(Jorg Lang/Real Press)“I started the diet…
FORT LAUDERDALE, Fla.—A huge bounty of drugs has been seized by the U.S. Coast Guard during a 65-day narcotics patrol to crack down on Central and South American gang activity. Officials were filmed offloading more than 11,000 pounds of illegal narcotics taken at sea at Fort Lauderdale, Florida’s Port Everglades on Oct. 16. In the footage, they can be seen moving a huge collection of bagged drugs around on the deck of the Coast Guard Cutter Escanaba. Transport of drug bounty on wood slats. (Real Press)The Coast Guard Atlantic Area Command later shared the video on social media. “What does…
VALENCIA, Spain—These gorillas are not only safe from hunters, but they have also been given a home in a green project that aims to recreate their natural homeland. It’s all part of the BioParc experience in Valencia, located on the touristic eastern coast of Spain. BioParc works in tandem with a project fighting to help a group of wild gorillas survive in Cameroon, where they live in a virgin forest. The two organizations had a double celebration this week. Ebo is the first baby gorilla to be born in BioParc and is part of a larger breeding group. (Bioparc/Clipzilla)Ebo, the…