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Communication of an impending hazard to people in near real time is critical. The purpose of this paper is to develop an internet‐SMS based geo‐hazard warning communication system.

A warning system based on an internet‐resident concept and the available cellular mobile infrastructure is proposed in this study. The functionality of the system is modular in architecture.

The messages have been transmitted in a set of 20 SMSs six times, to locally‐owned mobile numbers, resulting in a total number of 120. It has been found that 58 messages got delivered within ten seconds, the rest within 40 more seconds. The threat messages reached the impending threat areas within acceptable time delay.

The paper describes the implementation of a novel and stand‐alone system for dynamic hazard warning. Cellular or mobile phone, a gadget used by common man, is expected to be the best proposition to effectively warn people individually and to propagate hazard messages to users in large regions ubiquitously. The concept allows pervasiveness and redundancy, important to withstanding hazards and bringing several original elements through the development of this “fast warning system”, as current warning strategies do not include such solutions.

The purpose of this study is to find out the effect of consumption tax on savings behavior especially on the people who are close to their retirement.

The authors analyze the response in spending and retirement saving using a difference-in-differences regression methodology. The authors use the year since the Public Provident Fund (PPF) enrollment date for each individual as a random assignment to identify the service tax policy's causal impact. Therefore, this variable is a continuous variable defined as an individual's age until the end of the restrictions when people can withdraw money from their retirement savings account PPF without any penalty. The treatment variable is the service tax shock (increase in service tax) that happened effective 1st April 2015.

The authors find a significant effect of a change in the service tax rate on individuals' spending and PPF saving behavior. On average, individuals lower their consumption by about 14% and increase their PPF savings by 16% in response to the increase in the service tax rate. The authors find substantial heterogeneity in effect across different types of individuals. The effect is more pronounced for people closer to their retirement and needy people (defined as individuals with low traditional savings account balances).

The authors studied the effect of consumption tax on one category of savings (PPF) only. There are other savings instruments available in India. The data for those were not available to us.

This paper not only throws light on the consumption and savings behaviour of the individuals, but will also help the policy maker for framing appropriate fiscal policy.

Using a unique and proprietary data from a large bank in India, the authors analyze the effect of a tax policy change on households' consumption and retirement savings behavior. The authors find that households reduce their consumption by 14% and increase their voluntary retirement savings (Public Provident Fund aka PPF) by 16% in response to an increase in the service tax policy. Individuals close to their retirement age (55 years of age and above) and without any withdrawal restrictions from their PPF account tend to reduce their expenditures more and save more. Individuals with financial constraints and withdrawal restrictions do not reduce their expenditures significantly. To the best of the authors’ knowledge no study was done on this.