GST blues: Millennials, get ready for a tougher life after July 1

NEW DELHI: The life of India's millennials is going to get tougher from July 1. Why so? We are on the verge of a historic tax reform—Finance Minister Arun Jaitley has decided to roll out Goods and Services tax (GST) from July 1. It will replace various taxes levied at present by the central and state governments. If you are a millennial, you may rejoice because millennials are all for reforms, etc. But the ground reality is that the GST is going to be heavy on your pocket.

This is why the new Saudi Arabian heir is a dangerous man for West Asia

by Leonid Bershidsky The abrupt change in Saudi Arabia's line of royal succession will probably help maintain the House of Saud's sway over its 31 million people, 70 percent of which are under 30. It is, however, a dangerous move in the context of a new Big Game unfolding in the Middle East, which involves the US and Russia as well as local players. King Salman named his 31-year-old son, Mohammed bin Salman, as the new crown prince. This is the second succession reshuffle in which the young heir -- and favorite son of the king -- gained influence.

Automation will trigger World War 3, fears Alibaba's founder Jack Ma

Jack Ma, founder of Chinese e-commerce behemoth Alibaba, sees artificial intelligence outpacing human knowledge in the next 30 years, squeezing jobs across the world. But it's not all that gloomy. The billionaire businessman predicts shorter work weeks due to automation. "I think in the next 30 years, people will only work four hours a day and maybe four days a week," Ma told CNBC at the Gateway '17 Conference. "My grandfather worked 16 hours a day in the farmland and [thought he was] very busy.

Think3D to open facility at Andhra Pradesh medical devices park

HYDERABAD: Three-dimensional printing solutions provider Think3D will be setting up a 3D printing facility in collaboration with Andhra Pradesh Medtech Zone (AMTZ) with an investment of $6 million, announced a top company executive. The facility, to come up on an area of 20,000 sft, will offer prototyping and low volume manufacturing to medical devices companies in AMTZ. Prudhvi Reddy, co-founder, Think3D said, “The facility will come up on an area of 17,000-20,000 sft in the first phase and then look at expanding in the remaining land of the one acre that has been allotted to us.

Never revealed dressing-room details: Virat Kohli

59256162 59262987 59272795 59237792 59242779 PORT OF SPAIN: Opening up for the first time, Virat Kohli today said that he will never reveal dressing-room details, in an apparent reference to the now retired coach Anil Kumble's statement that their partnership had become "untenable". Kumble stepped down a couple of days back due to differences with the India captain. Kohli said "he respects" Kumble's decision to quit and that there is highest regard for him as a player.