News That Matters

Tag: cost

With 18% GST, Aadhaar update to cost Rs 5 more

With 18% GST, Aadhaar update to cost Rs 5 more

Finance
PUNE: Updating Aadhaar details will become costlier by Rs5 from the next week with the UIDAI deciding to levy 18% GST on its fee. The UIDAI (Unique Identification Authority of India) stated on its official Twitter handle that people would have to pay the GST only for updating the Aadhaar details and not for enrolment. The present charges for updating Aadhaar is Rs25. It will go up to Rs30 after the GST is levied on it. "The GST will be levied on updating address, date of birth, gender, cellphone number, e-mail and biometric details. At present, a centre charges Rs25 for every update. The 18% GST on it would be Rs4.50. The authorities decided to round it off to Rs5 and charge people Rs30," said a senior official of the district administration after consulting with the UIDAI. Pune ...
Apple slashes iPhone battery replacement cost by $50 amid criticism

Apple slashes iPhone battery replacement cost by $50 amid criticism

Technology
Apple is taking action after coming under scrutiny for slowing down older iPhones as their batteries age. The company was hit with a lawsuit earlier this month alleging that it deliberately "slows down iPhone processors" in older models of the iPhone without the consent of the phone owners. The legal move came after Apple revealed that its new software updates slow down older iPhone devices in order to allow the batteries in older models to keep up with new features. In a statement today, the company emphasized that it would never "do anything to intentionally shorten the life of any Apple product." However, in order to address customers' concerns, Apple announced it would be reducing the price of out-of-warranty replacement batteries for certain phones by $ 50, from $ 79 to $ 29. "We k...
Tax bill provisions may help parents defray this massive cost

Tax bill provisions may help parents defray this massive cost

Finance
A few breaks in the tax overhaul may soften the blow of sky-high child care expenses.The Tax Cuts and Jobs Act, the GOP's overhaul of the tax code, includes an enhancement of the child tax credit, doubling it to $ 2,000 per qualifying child.Lawmakers also expanded the availability of the child tax credit to higher-income earners: This break will begin to phase out for taxpayers who are married and filing jointly with adjusted gross income of $ 400,000 ($ 200,000 for singles). Under current law, the child tax credit begins to phase out at $ 110,000 for joint filers who are married and $ 75,000 for singles.Further, lawmakers have kept the child and dependent care credit, which can be worth up to $ 1,050 for one child under age 13 or $ 2,100 for two kids under 13.Finally, the bill leaves int...
Inflation steady at 3% despite food cost rise

Inflation steady at 3% despite food cost rise

Business
The rate of inflation remained static at 3% in October - defying expectations of a rise among economists and policymakers at the Bank of England.The Office for National Statistics (ONS) said rising food prices were largely offset by falling fuel costs last month.Forecasters had predicted an increase to at least 3.1% - a scenario that would have forced the Bank's governor to write to the Chancellor to explain why the Consumer Prices Index measure had exceeded 3%.Its inflation target is 2%. The Bank raised interest rates earlier this month to help tackle inflation in its belief the figure was to hit 3.2% in October.The ONS figures are likely to reinforce doubts among some economists on the wisdom of that rate hike, which has forced up many families' borrowing costs at a time when their spen...
IPhone X screen repairs could cost as much as $279

IPhone X screen repairs could cost as much as $279

Technology
The high price tag of Apple's iPhone X didn't stop people from pre-ordering it. But repairing the $ 999 phone's screen could set some users back $ 279. IPhone users who did not opt for the AppleCare+ plan, which costs $ 199, will have to pay $ 279 to have their screens replaced, according to Apple. That price only includes screen damage. But for users who have AppleCare+, the price drops to $ 29. In comparison, Apple charges $ 169 to replace the screen on the iPhone 8 Plus, iPhone 7 Plus and iPhone 6s Plus. The price is $ 29 for users with AppleCare coverage. Issues caused by accidental damage aren’t covered under AppleCare, according to Apple's website. Third-party retailers typically offer the same services at a lower cost for repairs. The $ 279 price tag may seem unusually high, but