15% ofpatients' seeking plastic surgery in UAE are teens and students: Consultancy

[email protected] (Emirates24/7)
January 27, 2014

Plastic_surgeryAbu Dhabi, Jan 27: The growing interest demonstrated by university aged students and teenagers for plastic surgery is being cited as one of the key factors that will help spark continuous growth for the UAE's plastic surgery segment.

According to a media statement issued by Vasilica Aesthetics, a plastic surgery consultancy firm, “recent industry reports have shown that more and more individuals in the country today are pressured to look good, which has spiked the demand for cosmetic surgery and other related medical procedures.”

According to the media statement, “Of the lot, 15 per cent of patients seeking to undergo plastic surgery in 2013 were composed of teenagers and university-aged students.”

Vasilica Aesthetics, which is seeking to play a guiding role for young people wanting to undergo plastic surgery, strongly advises that potential patients, particularly younger ones, should first seek professional advice from medical experts and consultants before undergoing a cosmetic procedure.

The form further shared that university students are simply emulating what today's celebrities are doing but explained that younger patients should be made aware of the procedure they wish to undertake and the risks involved with it.

The increased demand for plastic surgeries has attracted the attention of specialists from all over the world – who have now set up extensions of their practices in Dubai, which allows them to meet potential patients and perform cosmetic procedures here as well.

According to these specialists, some of the most common procedures opted by younger patients include liposuction, breast augmentation, ear correction, body lift , rhinoplasty and acid hyaluronic fillers like Juvaderm, Radiesse and Restyline.

Industry analysts have cited two main reasons as to why today's younger generation are turning to plastic surgery – the first is peer pressure, where friends and social acquaintances play large influence to the need to look good and second, the advances in medicine that have now made aesthetic procedures possible and affordable. Also, today's plastic surgery procedures have also become less invasive and safer.

“The growing interest for cosmetic surgery has given us the confidence to see more growth in this medical segment – probably reaching 5 to 10 per cent growth in 2014,” said Vasilica Roxana Baltateanu, Co-Founder and Managing Director, Vasilica Aesthetics.

“The growth of this segment consolidates the Middle East region's move to become a medical tourism destination. The UAE in particular is now focused on developing its healthcare segment and has already started on building specialized healthcare cities and other major hospital projects that will attract more medical tourists.”

Amidst these developments, Vasilica Aesthetics has shared that interested patients still need to be guided on the basics of undergoing a cosmetic procedure. According to Baltateanu, many of these patients search the internet to check on corrective surgeries that they can avail of, while some even consult with three to five different specialists – ending with tons of information that will sound too confusing for them.

“Plastic surgery is not a medical condition—it is elective. It is a procedure that will not only affect your body but will also have an impact on your life, can have psychological effects. For those who are really decided on undergoing plastic surgery, younger ones in particular, we would also recommend counselling in order to be well aware of the benefits and the risks involved,” concluded Baltateanu.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
March 8,2020

Consumer watchdog Which? has claimed that more than one billion Android phones and tablets are vulnerable to hackers as they no longer supported by security updates.

According to the research report, the most at-risk phones are any that run Android 4 or older and those smartphones running Android 7.0 which can not be updated are also at risk.

Based on data from Google analysed by Which?, two in five android device users around the world are no longer receiving the important updates. Currently, those devices are unlikely to have issues, but the lack of security leaves them open to attack.

"It is very concerning that expensive Android devices have such a short shelf life before they lose security support, leaving millions of users at risk of serious consequences if they fall victim to hackers," Kate Bevan editor Which? said in a statement.

"Google and phone manufacturers need to be upfront about security updates with clear information about how long they will last and what customers should do when they run out. The government must also push ahead with planned legislation to ensure manufacturers are far more transparent about security updates for smart devices and their impact on consumers," Kate added.

Android phone released around 2012 or earlier, including popular models like the Samsung Galaxy S3 and Sony Xperia S, are particularly at risk to hackers.

Which? has made suggestions to Android users on what to consider if they have an older phone that may be at risk.

Any Android device which is more than two years old, check whether it can be updated to a newer version of the operating system. If it is on an earlier version than Android 7.0 Nougat, try to update via Settings> System>Advanced System update.

In case a user is not able tto update the phone, the device could be at risk of being hacked if it is running a version of Android 4 or lower.

A user also need to be careful about downloading apps outside the Google Play store and should also install a mobile anti-virus via an app.

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