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What are the Different Uses of Floating Docks?

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If you want to make an investment in floating docks, then you need to be aware of the range of uses for them. Whether or not a certain type of floating platform will suit your purposes or not is equally important. From plastic to wooden and aluminum floating docks, you have options based on their applicability.

Different Uses of Floating Docks

If you are familiar with floating docks, you know that they are of three different types and come in various sizes because of their wide applicability. There are a variety of different uses of floating docks, and you can make your choice accordingly based on the purpose you have inmind.

For Commercial Purposes

Commercial purposes include using it as a work platform. You will have to buy a platform of adequate size so that it can hold all the weight that you are going to be putting on it. Commercial purposes include pumping or maintenance. A floating work platform for sale should only be chosen once you have the use in mind. It is directly dependent on whether you want to be in close proximity to a boat or a particular spot on the water body while working. Opting for a wooden or aluminum platform would be the best for higher stability. They will also be able to bear more weight without rocking.

For Connectivity

If you want to use a floating walkway solely for connectivity purposes, you can choose any of the three types depending on the traffic the platform will be witnessing. Since the block of a floating walkway can be stacked in different designs, you can use them to form a bridge forpublic convenience. Making a bridge out of a floating platform will allow people to access remote geographical locations for recreation or industrial purposes. Alternatively, it also offers people from remote areas access to different locations with much is than before.

For Boat Docking

  Floating platforms are most commonly known as floating docks, so, naturally, boat docking will be on this list. If you are thinking of using the floating platform as a dock, you will need to have a clear idea of what kind of boats will be docking there. If you are using it for commercial purposes, opting for a bigger size and the most durable material will be your best bet. Aluminum and wooden platforms are both well equipped to handle larger boats and constant impacts without losing their structurality. Plastic floating docks will be the best bet for smaller boats.

For Covering Space

If you live by a lake or by the seaside, then you know how important it is to have a well-functioning dock. A lot of your experience with the lake or the sea will be dictated by how well you use the floating dock situated at your property. If you want to cover more space and extend the advantages of land over the sea, then a floating platform is the best. If you started small and think that the dock needs expanding, you can easily buy more blocks to add to the current structure. You can extend the way you look at seaside activities by constructing a terrace or a sitting area on the platform. If you are thinking of adding water supply to the contraption, we recommend only going for optimal quality gate valve components.

For an Enriching Swimming Experience

One of the most common uses of floating docks is using it for swimming. It is a very common summer activity for anyone going on a vacation. If you own a vacation home by the seaside or the lake, then getting a plastic or wooden dock would be a great idea. A small-sized floating dock is perfect for a family’s personal use. However, for anyone looking to make a profit out of it, buying a bigger-sized wooden or aluminum dock will be the most suitable option. This is so because the traffic will be greater, and the dock should be able to hold all the weight which is on it.

For Dining and Plumbing

A lot of seaside resorts offer the option of dining on the sea with the help of floating platforms. Entire dining areas and restaurant setups are made on floating platforms. Some of the bigger platforms also have working plumbing on them.

The Takeaway

Now that you know the different uses of a floating dock, you can easily select the type of floating platform which will be the most suitable for you. You can even have multiple uses in mind, so investing in a quality option will always be a better approach. If you are unsure about the size and the weight considerations, you can start small and always have tools to expand later as your needs evolve.  

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Delhi’s GST collection increased by 32% in September: Centre

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The Goods and Services Tax (GST) revenue collected in the national Capital in September was Rs 4,741 crore, a 32% increase over the same period last year, according to data released by the Delhi government on Tuesday.

With a GST collection of 4,349 crore in August, the monthly revenue increased by 21% over the same period last year.These figures include both the central GST and the state GST. Because GST is a consumption-based tax, the growth reflects that business activity and consumption in the capital have remained strong despite high inflation.

The total GST collection in the first two quarters of fiscal year 2022-23 is 27,741 crore, up from 21,505 crore in the corresponding period of fiscal year 2021-22.

According to Delhi government documents, 4,327 crore was collected in July, 4,313 crore in June, 4,113 crore in May, and 5,871 crore in April.

The experts attributed the increase in GST collection to increased consumer demand (particularly in pandemic-affected sectors), improved compliance systems, and overall inflation.

In September, the country recorded a record GST collection of Rs.1.48 lakh crore, indicating that collections were robust across several states.

The total GST collection in August 2021 was 3,605 crore, which increased to 4,349 crore in August 2022. Year on year growth was also strong in July 2022, with 4,327 crore GST revenue collected in comparison to 3,815 crore in 2021.

The total collection in June 2022 was 4,313 crore, up from 2,656 crore in June 2021.

The total GST collection from Delhi in May 2022 was 4,113 crore, up from 2,771 crore in May 2021.

According to a Delhi government official, the city is using data analytics to broaden the tax base by identifying cases of fraud and critically examining tax filing by organisations against related variables.

Suyash Rai, fellow at Carnegie India, said, “Since GST rates change from one year to another, it is difficult to interpret year-on-year growth in collection in terms of what they indicate about the underlying economic activity unless item-wise information is available.”

Rai went on to say that, in recent quarters, the growth in GST collection has largely tracked the growth in nominal private consumption.

“If we assume that the association persists, then the GST collection indicates continued consumption growth. However, since inflation also accelerated in August, the deflator would be high, and the real growth may be modest,” he added.

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GST revenue increases 26% to over Rs 1.47 lakh

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The amount of GST collected in September increased by 26% to over Rs. 1.47 lakh crore, the finance ministry reported on Saturday

The mop-up for the Goods and Services Tax (GST) has exceeded 1.40 lakh crore for seven consecutive months.

According to a statement from the ministry, the total gross GST revenue collected in the month of September 2022 was Rs. 1,47,686 crore, of which Central GST was worth Rs. 25,271 crore, State GST was worth Rs. 31,813 crore, Integrated GST was worth Rs. 80,464 crore (including Rs. 41,215 crore collected on import of goods), and Cess was worth Rs. 10,137 crore (including Rs. 856 crore collected on import of goods).

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RBI raises the repo rate by 50 basis points to a three-year high of 5.9%, with GDP expected to grow at 7%

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RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) of the central bank raised the repo rate, or key lending rate, by 50 basis points (bps) to a three-year high of 5.9 percent. The country is expected to have a real GDP of 7%, which has been reduced from 7.25% previously predicted. “We are awake, ever vigilant, ever striving,” the RBI Governor said during his speech, highlighting the steps taken to address global challenges and emphasising the resilience of the national economy.

“The global economy is in the eye of storm but India has withstood shocks over the last two years,” RBI governor said, adding that the inflation is hovering around 7 per cent and is expected to remain around 6 per cent in the second half of the year.

“Daunting challenges await us,” he said, referring to the Ukraine war, which began in February. “A series of measures have been implemented since April 2022 in the backdrop of geopolitical tensions, which have also hampered global supply.” “The inflation rate is expected to be 6.7%,” he said. “In the face of current conditions, the MPC must remain alert and nimble.” In the first quarter, GDP increased by 13.5% year on year, he said. “While real GDP growth in the first quarter of this year was lower than expected, it was still 13.5 percent, possibly the highest among the major global economies,” he added.

Markets opened in the red ahead of the critical statement, with the Sensex at 56,254. The Nifty 50 index of the National Stock Exchange (NSE) was down 0.3% at 16,776. A Reuters poll conducted ahead of the statement found that a slim majority of economists expected a 50 basis point increase, with some expecting a smaller 35 basis point increase.

Last month, the MPC announced another 50 basis point increase in the repo rate (one basis point is one hundredth of a percentage point), bringing it to 5.4%, a level last seen in September 2019. It was the MPC’s third consecutive rate hike since its unexpected May 2022 meeting. The key committee also maintained its inflation and GDP growth projections for fiscal year 2022-23 at 6.7% and 7.2%, respectively.

According to reports, the MPC has raised the key policy rate by 190 basis points since May to cool domestic retail inflation, which has remained above the RBI’s upper tolerance limit of 6% since January.

“The inflation trajectory remains clouded with uncertainties arising from continuing geopolitical tensions and nervous global financial market sentiments. In this backdrop, MPC was of the view that persistence of high inflation, necessitates further calibrated withdrawal of monetary accommodation to restrain broadening of price pressures, anchor inflation expectations and contain the second round effects. This action will support the medium-term growth prospects of our economy,” Shaktikanta Das stressed on Friday.

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Indian rupee falls 40 paise to a record low of 81.93 per US dollar

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The rupee fell 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday, as the strengthening of the US currency and risk-averse investor sentiment weighed on the local currency.

Furthermore, a downward trend in domestic equities and significant foreign fund outflows dampened investor enthusiasm, according to forex traders. The rupee opened at 81.90 against the US dollar on the interbank foreign exchange, then fell to 81.93, a drop of 40 paise from its previous close.

The rupee consolidated in a narrow range on Tuesday, finishing 14 paise higher at 81.53 per dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened weaker on Wednesday as the dollar resumed its upward momentum, supported by hawkish Fed talk.

According to Iyer, the local unit could track the weakness of its Asian and emerging market peers, and a delay in listing local bonds on a major global index this year could also limit gains.

“The Reserve Bank of India (RBI) may be present to curb volatility,” Iyer noted.

The dollar index, which measures the strength of the US currency against a basket of six currencies, rose 0.40 percent to 114.55.

Meanwhile, investors are anticipating the outcome of the RBI’s monetary policy meeting on Friday. Brent crude futures fell 1.33 percent to USD 85.12 per barrel, the global oil benchmark.

The 30-share BSE Sensex was trading 373.37 points, or 0.65%, lower at 56,734.15, while the broader NSE Nifty was down 108.20 points, or 0.64 percent, at 16,899.20.

According to exchange data, foreign institutional investors were net sellers in the capital market on Tuesday, offloading shares worth Rs. 2,823.96 crore.

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How Easy is It to Get a Business Address in London?

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If you are thinking about starting a business, you are going to have some paperwork to do first. Namely, one thing you will need is a business address. This is something that is required no matter what industry you are entering or even if you are running the brand from home. After all, people, including the taxman, need to know where to contact you.

We all know that having a business address in London is going to be impressive. It can give your new brand the recognition that it needs to be successful. But is it really possible to get one? Let’s take a look at the ways you can acquire a business address in London.

Buy Property

Let’s start with the obvious way you can get a business address in London. You can buy property in the capital. This is going to be the most expensive way to get this type of address for your business, but it is a sure way to do it. If you have this kind of money in the bank, it would be an investment.

However, the reality is that if you are starting a new business, you might not have a lot of capital behind you. Indeed, you will have a small budget to work with and it may not be possible to purchase property in London. The prices are way above the average in the country, which can make things very difficult. This is not to mention the competition for business property in London.

Use a Virtual Office

The next option is a relatively new one that you might not have heard about before. We are talking about acquiring a virtual office. This means that you are going to have a business address in London. But, you do not necessarily have to work in the city. In fact, you can work from another location that is best for your business, which includes working from home. For instance, you can get a W1 Virtual business address. This is a company that can offer several prestigious locations in London that you can use for your business address, with your mail sent here, as well as other official correspondence.

A lot of people ask whether having a virtual office is legitimate and legal. The answer is yes. The benefits from having one are immense. It is going to be the most affordable way to have an address in London, being a lot cheaper than renting an office space. Plus if gives you the freedom to work from anywhere. For example, perhaps you like for all of your team to work remotely. Well, this is a way that they can do this but you can still have a registered address in the capital.

Rent an Office Space

Another option you have is to rent an office space for your team. This might be something that you have to look into if you need to work on projects together on a daily basis. You may prefer to have your team present and work in an office compared to at home. Renting can seem more affordable than buying property since you are able to spread out the payments for your business.

However, you also have to remember that renting prices in the capital are high. Again, they are above the average rent prices and for new businesses, this might not be something that is feasible. What’s more, there is a lot of competition to rent an office space in the capital. Indeed, a lot of businesses are in a similar position in that they might not be able to affordable purchasing an office space here. So, they believe that the next best option is to rent. It is likely that you will have to work hard to win the race and to impress the owner.

What is the Best Option for My Business?

There you have it; there are three main ways to acquire a business address in London. So, what is going to be the best option for your business? Well, you are going to have to consider two things. What your budget is right now when it comes to your office space and what you would like to achieve in the future. 

For example, if you have a huge budget and want to settle in the capital permanently, purchasing an office space might be on the cards. Alternatively, if you are on a budget and want the freedom to work from anywhere, a virtual office is a good option. Alternatively, renting can be a way to have your team in an office and be able to spread out payments.

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Rupee depreciates below 81-mark against US dollar in early trade, on a first

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The rupee fell 44 paise and fell below the 81-mark against the US dollar in early trade on Friday, weighed down by the strong US currency and risk-off sentiment among investors.

Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Federal Reserve and the Bank of England to combat inflation had dampened risk appetite.

Furthermore, the strength of the US dollar in the international market, a downward trend in domestic equities, and risk-off sentiments as the geopolitical risk in Ukraine escalated weighed on the local currency.

The rupee opened at 81.08 against the US dollar on the interbank foreign exchange, then fell to 81.23, a 44-paise drop from its previous close.

The rupee fell by 83 paise on Thursday, its most significant single-day loss in nearly seven months, to close at an all-time low of 80.79 against the US dollar.

The Bank of England increased its key interest rate by 50 basis points (bps) to a 14-year high of 2.25 per cent.

The Bank of Japan intervened in the foreign exchange market for the first time in 24 years to stem a falling Yen after keeping rates at record lows, according to IFA Global Research Academy, while the Swiss National Bank hiked rates by a record 75 basis points to 0.5%.

The Federal Reserve of the United States raised interest rates by 75 basis points to 3-3.25 per cent.

On Thursday, the RBI was conspicuously absent from the spot market as the rupee fell by 1%, possibly because it wanted the rupee to catch up, according to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

“All major events are over for this month as we await RBI’s MPC to give its verdict on September 30, 2022,” Bhansali added.

Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, rose 0.05 per cent to 111.41.

Brent crude futures fell 0.57 per cent to USD 89.94 per barrel, the global oil benchmark.

The 30-share BSE Sensex was trading 558.59 points, or 0.94 per cent, lower at 58,561.13, while the broader NSE Nifty was down 153.10 points, or 0.87 per cent, at 17,476.70.

According to exchange data, foreign institutional investors were net sellers in the capital market on Thursday, offloading shares worth Rs 2,509.55 crore.

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