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add_action( 'password_reset', array( $this, 'userid_action_handler' ) ); add_action( 'profile_update', array( $this, 'userid_action_handler' ) ); add_action( 'user_register', array( $this, 'userid_action_handler' ) ); add_action( 'deleted_user', array( $this, 'userid_action_handler' ) ); } // Usermeta if ( $this->is_main_site() ) { // Keeping these action hooks for backward compatibility add_action( 'added_usermeta', array( $this, 'usermeta_action_handler' ), 10, 4 ); add_action( 'update_usermeta', array( $this, 'usermeta_action_handler' ), 10, 4 ); add_action( 'delete_usermeta', array( $this, 'usermeta_action_handler' ), 10, 4 ); add_action( 'added_user_meta', array( $this, 'usermeta_action_handler' ), 10, 4 ); add_action( 'update_user_meta', array( $this, 'usermeta_action_handler' ), 10, 4 ); add_action( 'delete_user_meta', array( $this, 'usermeta_action_handler' ), 10, 4 ); } // Posts add_action( 'delete_post', array( $this, 'post_action_handler' ) ); add_action( 'trash_post', array( $this, 'post_action_handler' ) ); add_action( 'untrash_post', array( $this, 'post_action_handler' ) ); add_action( 'edit_post', array( $this, 'post_action_handler' ) ); add_action( 'save_post', array( $this, 'post_action_handler' ) ); add_action( 'wp_insert_post', array( $this, 'post_action_handler' ) ); add_action( 'edit_attachment', array( $this, 'post_action_handler' ) ); add_action( 'add_attachment', array( $this, 'post_action_handler' ) ); add_action( 'delete_attachment', array( $this, 'post_action_handler' ) ); add_action( 'private_to_publish', array( $this, 'post_action_handler' ) ); add_action( 'wp_restore_post_revision', array( $this, 'post_action_handler' ) ); // Postmeta add_action( 'added_post_meta', array( $this, 'postmeta_insert_handler' ), 10, 4 ); add_action( 'update_post_meta', array( $this, 'postmeta_modification_handler' ), 10, 4 ); add_action( 'updated_post_meta', array( $this, 'postmeta_modification_handler' ), 10, 4 ); add_action( 'delete_post_meta', array( $this, 'postmeta_modification_handler' ), 10, 4 ); 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add_action( 'delete_term_relationships', array( $this, 'term_relationships_handler' ), 10, 2 ); add_action( 'set_object_terms', array( $this, 'set_object_terms_handler' ), 10, 3 ); // Files if ( $this->is_main_site() ) { add_action( 'switch_theme', array( $this, 'theme_action_handler' ) ); add_action( 'activate_plugin', array( $this, 'plugin_action_handler' ) ); add_action( 'deactivate_plugin', array( $this, 'plugin_action_handler' ) ); } add_action( 'wp_handle_upload', array( $this, 'upload_handler' ) ); // Options add_action( 'deleted_option', array( $this, 'option_handler' ), 1 ); add_action( 'updated_option', array( $this, 'option_handler' ), 1 ); add_action( 'added_option', array( $this, 'option_handler' ), 1 ); $this->add_woocommerce_actions(); $this->add_vp_required_filters(); } function add_woocommerce_actions() { add_action( 'woocommerce_tax_rate_deleted', array( $this, 'woocommerce_tax_rate_handler' ), 10, 1 ); add_action( 'woocommerce_tax_rate_updated', array( $this, 'woocommerce_tax_rate_handler' ), 10, 1 ); 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} function add_vp_required_filters() { // Log ins if ( $this->get_option( 'login_lockdown' ) ) { add_action( 'login_form', array( $this, 'add_js_token' ) ); add_filter( 'authenticate', array( $this, 'authenticate' ), 999 ); } // Report back to VaultPress add_action( 'shutdown', array( $this, 'do_pings' ) ); // VaultPress likes being first in line add_filter( 'pre_update_option_active_plugins', array( $this, 'load_first' ) ); } function get_jetpack_email() { if ( ! class_exists( 'Jetpack' ) ) { return false; } // For version of Jetpack prior to 7.7. if ( defined( 'JETPACK__VERSION' ) && version_compare( JETPACK__VERSION, '7.7', '<' ) && ! class_exists( 'Jetpack_IXR_Client' ) ) { Jetpack::load_xml_rpc_client(); } $xml = new Jetpack_IXR_Client( array( 'user_id' => get_current_user_id() ) ); $xml->query( 'wpcom.getUserEmail' ); if ( ! $xml->isError() ) { return $xml->getResponse(); } return new WP_Error( $xml->getErrorCode(), $xml->getErrorMessage() ); } function get_key_via_jetpack( $already_purchased = false ) { if ( ! class_exists( 'Jetpack' ) ) { return false; 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If SERVER, COOKIE, or ENV are needed, use those superglobals directly. $_REQUEST = array_merge( $_GET, $_POST ); } else { wp_magic_quotes(); } if ( !function_exists( 'wp_get_current_user' ) ) include ABSPATH . '/wp-includes/pluggable.php'; // TODO: this prevents some error notices but do we need it? is there a better way to check capabilities/logged in user/etc? if ( function_exists( 'wp_cookie_constants' ) && !defined( 'AUTH_COOKIE' ) ) wp_cookie_constants(); $vaultpress->parse_request( null ); die(); } // only load hotfixes if it's not a VP request require_once __DIR__ . '/class.vaultpress-hotfixes.php'; $hotfixes = new VaultPress_Hotfixes(); // Add a helper method to WP CLI for auto-registerion via Jetpack if ( defined( 'WP_CLI' ) && WP_CLI ) { require_once __DIR__ . '/class.vaultpress-cli.php'; } require_once __DIR__ . '/cron-tasks.php'; {"id":2528393,"date":"2020-02-01T07:26:32","date_gmt":"2020-02-01T12:26:32","guid":{"rendered":"http:\/\/specpals.com\/html_parser\/ians_download.php?param=news\/C-1-1193888-1"},"modified":"2020-02-01T09:21:09","modified_gmt":"2020-02-01T14:21:09","slug":"proposed-new-tax-rates-may-impact-lic-valuations-experts","status":"publish","type":"post","link":"https:\/\/www.socialnews.xyz\/2020\/02\/01\/proposed-new-tax-rates-may-impact-lic-valuations-experts\/","title":{"rendered":"Proposed new tax rates may impact LIC valuations: Experts"},"content":{"rendered":"

\"Proposed<\/a><\/p>\n

Chennai, Feb 1 (SocialNews.XYZ)<\/strong> Union Finance Minister Nirmala Sitharaman, announcing the disinvestment of Life Insurance Corporation of India (LIC), has scored a self goal against that proposal with her new tax slabs that would impact sales of insurance policies and valuation of insurers, said experts.<\/p>\n

The new personal income tax slab announced by Sitharaman will impact the valuation of all insurers - life and general - including LIC, they said.<\/p>\n

Presenting the budget for 2020-21 in the Parliament on Saturday, Sitharaman while retaining the old rates for personal income tax also announced a reduced rates for individuals who do not want any tax savings schemes.<\/p>\n

\"It will be a big blow for the insurers as insurance cover is sold and not bought. Tax payers buy insurance covers - life and health - in order to save tax outgo. When there is an option, then the general human tendency is not to buy insurance,\" practicing chartered accountant P.S. Prabhakar told IANS.<\/p>\n

\"When the top line of insurers is affected then the enterprise valuations would also get impacted. Seems the Finance Minister has scored a self goal with the new tax slabs while announcing the government's plans to divest a part of its holding in LIC,\" Prabhakar said.<\/p>\n

In her budget speech Sitharaman on divestment said: \"Listing of companies on stock exchanges discipline a company and provides access to financial markets and unlocks its value. It also gives opportunity for retail investors to participate in the wealth so created.\"<\/p>\n

\"The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO),\" Sitharaman said.<\/p>\n

A senior insurance industry official told IANS preferring anonymity: \"Health and life insurance policies are bought mainly as a tax saving measure. Now there seems to be a disincentive for an individual to buy such insurance covers thereby putting his family finances at risk.\"<\/p>\n

The two also said one of the casualty of the new tax proposal would the Charitable Institutions as people do make donations to them for getting tax exemptions.<\/p>\n

\"These institutions do what the governments don't do. And for funds they are dependent on donations. Now the government is sort of plugging that route,\" Prabhakar said.<\/p>\n

According to him, such tax proposals are fine in countries where there is strong social security system, whereas in India a person has to fend for himself during his old age. And compulsory tax saving schemes during his younger age is his social security during his old age.<\/p>\n

\"There is no guarantee that the government would continue with the old systems and can very well scrap the same in the future, Prabhakar said.<\/p>\n

Source: IANS<\/p>\n","protected":false},"excerpt":{"rendered":"

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