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Saudi to charge $213,000 for permanent residency in step to boost economy

2019-06-23

Saudi Arabia has opened applications for a permanent residency program designed to attract foreign investment to the kingdom, but it will cost a hefty 800,000 riyals ($213,000).   There’s also a cheaper option, with a one-year renewable residency costing 100,000 riyals.    The so-called premium residencies will allow foreigners to buy property and do business without a Saudi sponsor, switch jobs and exit the kingdom easily and sponsor visas for family members, according to the website for registrations.   Along with paying high fee, applicants must be at least 21 years old, prove financial solvency and have a clean criminal record and bill of health.   The program approved in May is the latest sign of how the quest for non-oil revenue is prompting Gulf nations to rethink the role of foreigners in their societies.    It’s a landmark move in a region where many overseas workers are subject to some of the world’s most restrictive residency rules.    The United Arab Emirates approved a plan to allow wealthy foreigners to apply for a 10-year stay, while Qatar passed a law that’ll grant some permanent residencies.   The idea for a long-term Saudi residency program was first floated in 2016 by Crown Prince Mohammed bin Salman, as a part of his plan to reduce the economy’s reliance on oil and boost foreign direct investment.    At the time, he estimated the program would generate about $10 billion in annual revenue by 2020.   Wh..

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TAKE THE KC QUIZ NOW AND WIN EXCITING PRIZES!

2019-06-07

*KC QUIZ #1* πŸ“£

1. The quiz is OPEN FOR ALL.😁
2. The quiz can be taken within 30 minutes only but the timer has *no role* to play in deciding the winner.😐 
3. The winners will be chosen on a *lottery basis* for those who get all 5 of them correct. πŸ’ƒ
4. Winner to get *exciting prizes*πŸ˜‹
(Register on the website and If u face any issues while taking the quiz then do give feedback)

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Chernobyl beats Game of Thrones, Breaking Bad to become highest rated IMDb show

2019-06-07

HBO’s Chernobyl, which dramatises one of the world’s worst man-made catastrophes due to an explosion in a nuclear plant, has surpassed shows such as Game of Thrones and Breaking Bad to become IMDb’s all-time TV rankings just days after airing. The five-episode show, written by Craig Mazin and directed Johan Renck, had a 9.6-star rating out of 10, based on 152,634 users, as of June 6. The rating puts Chernobyl ahead of cult TV shows such as Breaking Bad (9.5), Planet Earth II (9.5), Band of Brothers (9.5), Planet Earth (9.4), Game of Thrones and The Wire. Chernobyl is..

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Now, shops can remain open 24X7 in Tamil Nadu

2019-06-07

The Tamil Nadu government has issued an order permitting all shops and establishments in the state to remain open for 24X7 -- initially for a period of three years -- with certain conditions. The order will be notified on Friday. The Union ministry of labour and employment had sent a model bill of the Shops and Establishment (Regulation of Employment and Conditions of Service Bill), 2016, saying that the state could modify the State Shops and Establishments Act either by adopting the said model bill as it is or after modifying the provisions as per the requirement of the state. “In exe..

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Azim Premji to retire as executive chairman of Wipro, son Rishad to take over

2019-06-06

IT czar Azim Premji will retire as executive chairman of Wipro Limited, a company that he founded and helmed for 53 years, with his son Rishad set to take over his position, the city-based firm said Thursday. Azim Premji would retire as executive chairman upon the completion of his current term on July 30, 2019 but he would continue to serve on the board as non-executive director and founder chairman, the company said. The company said Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman following his father's retirement.   In ..

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All new cars sold for commercial use to be electric from 2026

2019-06-06

India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. Uber and Ola, both backed by Softbank Group, would need to start converting their fleet as early as next year to achieve 2.5% electrification by 2021, 5% by 2022, 10% by 2023 before hiking it to 40%, according to the person and the records that have been reviewed by Reuters. Some taxi players, like Ola, have previously tried to operate electric cars in the country, but with li..

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KC QUIZ #1

2019-06-05

*KC QUIZ #1*

1. The quiz is OPEN FOR ALL.😁
2. The quiz can be taken within 30 minutes only but the timer has *no role* to play in deciding the winner.😐 
3. The winners will be chosen on a *lottery basis* for those who get all 5 of them correct. πŸ’ƒ
4. Winner to get *exciting prizes*πŸ˜‹
(Register on the website and If u face any issues while taking the quiz then do give feedback)

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Modi Government's Big Electric Vehicle Push: All the Cities in India With Electric Bus Service

2019-06-05

The Narendra Modi led BJP-NDA government is planning to curb the pollution by giving a major push to electric vehicles in India. As per a report on CNBC-TV18, government sources have informed that the Nitin Gadkari led Ministry of Road Transport and Highways has started working on a draft notification proposing to ban all the IC engine powered two-wheelers and three-wheelers in India starting 2025 for two-wheelers and 2023 for three-wheelers. Amitabh Kant, CEO of Niti Aayog, a think tank body of Modi Government welcomed the move by the government and said he will extend the electrification ..

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World’s biggest Nutella factory blocked by striking workers

2019-06-05

Striking workers at the world's largest Nutella factory are shutting down production lines and preventing trucks from entering or leaving the plant. Some 160 employees have been on strike over pay since May 28 at the factory in northern France, which owned by Italian confectionary company Ferrero. Workers are asking for a pay increase of 4.5% and a bonus of €900 ($1,010), according to Agence France-Presse (AFP). The news agency reports that management have offered raises of only 0.4%. Union representatives told AFP that only one of the plant's four Nutella production lines ..

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Who Was the Tank Man of Tiananmen Square?

2019-06-04

Tank Man, a protester who tried to stop Chinese tanks moving into Tiananmen Square, has never been identified. ​ After Chinese officials—alarmed at the June 1989 pro-democracy demonstrations in Beijing’s Tiananmen Square—ordered soldiers and police to shoot and kill student protesters, one solitary man stood out from the crowd. Historian and journalist T.D. Allman, who witnessed the uprising from the balcony of a Beijing hotel room, has described him as the “true exemplar” of the Chinese protesters’ heroism. Time magazine has referred..

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A historic win. The National Spelling Bee has not one -- but 8 champions

2019-06-02

Can you spell history? The 92nd Scripps National Spelling Bee had an epic ending with eight co-champions. The spelling bee was finally over after it went 20 rounds, which included a run of 47 correct words.  Thursday night's unprecedented decision was made after round 17, when it was announced that while there were plenty of words left in the dictionary, there were only enough challenging words for three final rounds.   The eight co-champions are: Rishik Gandhasri; Erin Howard; Saketh Sundar; Shruthika Padhy; Sohum Sukhatankar; Abhijay Kodali; Christopher Se..

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