Britain`s annual inflation rate sank into negative territory last month for the first time in more than half a century.
As per reports, the rate hit minus 0.1 percent in April, risking a period of deflation for Britain`s economy.
An experimental data series created by the ONS indicated that CPI was last negative in March 1960, when it stood at minus 0.6 percent.
Japan Approves Third Nuclear Plant for Restart
Japan`s nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster.
The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in southwestern Japan for about 40 percent of its electricity output before the meltdowns at Fukushima led to the shutdown of all the country`s reactors.
The safety approval is still only one of three needed before the Nuclear Regulatory Authority (NRA) gives its final sign off. The consent of local authorities, which is seen as a formality, is also required, along with operational checks.
Scientists at the Goa-based National Institute of Oceanography (NIO) have predicted that within 100 years, rising sea levels caused by global warming could submerge large swathes of coastal land in Kochi.
Inundation scenarios created by NIO scientists using satellite imagery and a digital elevation model have also warned that Kochi, a city the duo claims has "expanded rapidly and heavily stressed from environmental perspectives", will create "harmful effects" for the population as well as the coastal environment and severely impact fishing, agriculture and other socio-economic activities.
The two scenarios simulated by the scientists for a one-metre and two-metre sea level rise are in sync with the globally accepted levels of sea rise of 0.5 metre to two- metres over the coming century.
The new service tax rate of 14 percent will come into effect from June 1, that will make eating out in restaurants, insurance and phone bills expensive, among many other things.
The service tax is currently levied at the rate 12.36 percent including education cess.
Service tax is levied on all services, expect a small negative list.
Advertising, air travel, services of architect, certain type of constructions, credit card, even management, and tour operator are some of the important services which attract tax.
Vodafone India's FY'15 Revenue up 12%
Vodafone India reported a 12.6 percent jump in its total revenue at Rs. 42,526 crore for the fiscal ended March 31, driven by strong customer additions and growth in data revenues.
The company had reported total revenue of Rs 37,777 crore in the last financial year.
Vodafone continues to be net profit positive for the second consecutive year.
Researchers have created the first form of real-time communication that allows screens and cameras to talk to each other without the user knowing it.
Using off-the-shelf smart devices, the new system supports an unobtrusive, flexible and lightweight communication channel between screens (of TVs, laptops, tablets, smartphones and other electronic devices) and cameras.
The system called HiLight will enable new context-aware applications for smart devices, thus opening the way for new applications of such devices.
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