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Bengaluru to Host Asia's Largest Military Aviation Show Aero India 2019

Aero India, Asia's largest military aviation show will be held from 20 to 24 February 2019, in India’s silicon valley, Bengaluru, the Indian government said on Saturday (08) in a release.

The announcement on the prestigious show has come days after speculation over media reports that the exhibition hosted by Bengaluru for over 20 years might be shifted out of the city and could be held in Lucknow, the capital city of Uttar Pradesh state where India is constructing a huge defence corridor.


“The government has decided to hold the Aero India 2019 edition in Bengaluru from 20-24 in February 2019. This five-day event will combine a major trade exhibition for the aerospace and defence industries with public air shows,” said Indian Ministry of Defence in a release.

“Besides global leaders and big investors in the aerospace industry, the show will also see participation by think-tanks from across the world. It will provide a unique opportunity for exchange of information, ideas and new developments in the aviation industry,” the ministry added.

Besides giving a fillip to the domestic aviation industry it would further the cause of Make in India. The Department of Defence Production is committed to making this a successful and result oriented show, the ministry said.

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Under the policy, property owners will face a recurring annual charge additional to existing council tax liability.

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Rachel Reeves announces annual tax on homes worth over £2 million

Highlights

  • New annual surcharge on homes worth over £2 m comes into force in April 2028, rising with inflation.
  • Tax starts at £2,500 for properties valued £2m-£2.5m, reaching £7,500 for homes worth £5m or more.
  • London and South East disproportionately affected, with 82 per cent of recent £2m-plus sales in these regions.
Britain has announced a new annual tax on homes worth more than £2 million, expected to raise £400 million by 2029-30, according to estimates from the Office for Budget Responsibility.

Chancellor Rachel Reeves pointed that the measure would address "a long-standing source of wealth inequality in our country" by targeting "less than the top 1 per cent of properties". The surcharge will come into force in April 2028.

Under the policy, property owners will face a recurring annual charge additional to existing council tax liability. The rate starts at £2,500 for homes valued between £2 m and £2.5 m, rising to £3,500 for properties worth £2.5 m to £3.5 m, £5,000 for £3.5 m to £5 m, and £7,500 for those valued at £5 m or more.

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