HENCY R SHAH AND ASSOCIATES

India Loses Billions of Dollars Due to Internet Shutdowns Internet shutdowns are a growing problem around the world. In 2022, there were 114 major deliberate internet outages in 23 countries, affecting 710 million people. These shutdowns had a significant economic and social impact. A study by Top10VPN found that internet shutdowns in 2022 cost the global economy $24.67 billion. This includes losses in productivity, tourism, and foreign investment. The shutdowns also had a negative impact on education and healthcare, as people were unable to access online resources. India lost $1.9 billion in the first half of 2023 due to internet shutdowns. It also found that the shutdowns also led to the loss of 21,000 jobs and $11.8 million in foreign direct investment. The most affected country in 2022 was Russia, which suffered a loss of $21.59 billion due to internet shutdowns. This was followed by Myanmar ($1.09 billion), Iran ($773 million), and India ($582.8 million). The study also foun...

  Budget Expectation 2023 Countdown has begun for Budget 2023. Here are a few expectations from Union Budget 2023: Education sector deserves a top spot in this year's Union Budget Increase section 80C limit to Rs 2 lakh Expectations on Cybersecurity in India Government must enhance old regime tax slabs Startups seek a simplified tax regime, reduction in MAT Budget should encourage investments in core R&D on AI and Robotics Budget must create a favorable climate to make India a part of the worldwide supply chain Budget should focus on falling imports, the impact of a slowdown Industry looking forward to policy announcements and allocations designed to support startup ventures Enable SaaS start-ups to navigate compliance and legal requirements faster Corporates seek tax relief measures for work from home employees Digitization has eased tax compliance Hike standard deduction to Rs 1 lakh Unified income tax filing form Income Tax relief for small taxpayers Tax kit...

Do you think India really needs another time zone? Each night, the sun sets over an hour and a half later in western India than in the east of the nation, yet the whole nation follows a similar time region. Later nightfall implies individuals stay conscious longer, which prompts lack of sleep among youngsters and adversely influences their review endeavors, another concentrate by an examination researcher at Cornell University has found. Because of resting late, kids are less inclined to finish essential and center school, and this effect is generally articulated among unfortunate families, says the review, ‘Poor Sleep: Sunset Time and Human Capital Production’, which investigated the outcomes India faces by working under a solitary time region. "Back-of-the-envelope gauges propose that India causes yearly human resources expenses of generally $4.1 billion (almost Rs 29,000 crore) or 0.2% of ostensible GDP [Gross Domestic Product] because of the current arrangement directing time r...