India Blog News - Page 27

WEF 2018: TCS, Infosys join global tech re-skilling drive for 1 million workers in maiden initiative

The initiative will be targeting 1 million people for training and resource opportunities on the World Economic Forum SkillSET portal by January 2021.

Budget 2018: Bond investors want level playing field with equities in capital gains tax

The yields on government bonds have surged by more than 100 basis points (100 basis points is equal to 1 percent) since August 2017.

WEF, Reliance Industries partner to set up Center for Fourth Industrial Revolution in Mumbai

The World Economic Forum (WEF) has been championing the Fourth Industrial Revolution.

Japanese investments in India jumps 10-fold to $4,709 in 2018, says Ficci report

The FDI inflow from the island nation was at $84.74 million in the fiscal 2006-07, the report titled 'India Japan Roadmap Towards Realising Vision 2025' said.

Budget 2018: Why tax parity is needed for low income employees just like small traders

A low income employee may be defined to be the one whose gross salary income is not more than Rs 15 lakh.

Budget 2018: It is high time Modi government reviewed taxation policy on equity investments

Buoyed by the success with Foreign Portfolio Investors, the Modi government must now start taxing domestic investors also.

Bull run at markets continues: Sensex rallies over 340 points to 36,142, Nifty up 1% on growth optimism

Sensex hit all-time trading high of 36,147.75 in early trade while the broader Nifty was trading at 11,085.30, up by 119.10 points or 1.09 percent

Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude prices

Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.

Budget 2018: Don't expect freebies, sops from govt, says Narendra Modi

The common man, he said, expects honest governance. "He doesn't demand sops and freebies. It is our myth."

French healthcare co Sanofi to buy US firm Bioverativ for $11.6 bn; to look at more takeovers

This is Sanofi's biggest acquisition since the 2011 takeover of US biotech company Genzyme for around $20 billion.

Employment challenges: Pakoda sellers are fine but we need more formal sector jobs

Modi is right when he says the informal sector accounts for 90% of total employment and the formal sector only 10%. But the quality of employment in the informal sector needs a closer look.

Govt may keep PF interest rates unchanged at 8.65%; good news for employees

With a fragile victory in the Gujarat elections, and the general elections in 2019, the the Modi government is unlikely to do anything that will upset people

World Economic Forum: Transport, energy solutions high on Piyush Goyal's agenda

At the session, he is expected to speak on India's plans to transition to alternative energy sources

Budget 2018: It isn't really a boring affair; 'halwa', locked-in officials are part of budget rituals

In the run-up to budget day, there are many tradition observed by finance ministers of India. The reasons behind many longstanding traditions are not-known though

Budget 2018: Strengthen medical insurance cover, develop talent in healthcare, urges industry

The budget can create more avenues for a major play for private public partnerships for wider coverage of quality healthcare in the country

Govts must learn to become slimmer, not be a burden on business: Israeli PM Netanyahu to industry captains

Netanyahu said, governments has to learn to reduce the burden of regulations, make business easier and encourage competition.

EPFO-data based study raises questions; reminds its time India overhauled its payroll reporting method

If enough jobs are being created over the last year, why doesn’t it correlate with the private consumption trends, demand–revival and investments?

Sensex scales new high in early trade, gains nearly 400 points; Nifty at fresh peak of 10,887

All the sectoral indices, led by banking, FMCG and capital goods were trading in the positive zone with gains up to 1.92 percent.

Union Budget 2018: Why India needs annual defence allocation of 3% of GDP

The higher defence set up and the MoD continue to be sans military professionals because the government remains straight-jacketed in the time wrap of the bureaucracy.

Bitcoin crashes below $12,000: Other cryptocoins too slump fearing crackdown

Last week saw prices sag after the South Korean government said it was planning to ban cryptocurrency exchanges -- though it later backtracked

Budget 2018: Low growth, subdued investment, widening deficit are Narendra Modi's big challenges

The fact that this will be the last full budget before the 2019 elections and that the government has already spent all of its budgeted expenditure for this financial year will further complicate matters.

Budget 2018: ICRA expects increase in budgetary allocation for highways

For FY2019, Ministry of Road Transport and Highways is expected to allocate in the range of Rs 80,000-85,000 crore as against Rs 64,900 crore for FY2018

Budget 2018: Remove import duty on raw materials, urges stainless steel industry

The import duty on ferro-nickel is 2.5% and the raw material has to be imported because India hardly has any nickel resources, the association said

Cyber safety: Companies should re-examine security controls to defend themselves against threats

The motivation of hackers is increasingly moving from the curious individual to organised crime and nation state actors, where hacking is simply a day job.

State Bank of India to raise Rs 5,000 cr through long-terms bonds for affordable housing

The proposed bond raising programme aims at funding infrastructure and affordable housing, SBI said in a filing to stock exchanges.

IIP growth hits 17-month high of 8.4% in November on robust manufacturing, capital goods sectors

Previous high was recorded at 8.9 percent in June, 2016, IIP growth for Oct 2017 has been revised downwards to 2 percent

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake

The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage

WEF ranks India 30th on global manufacturing index; says human capital, resources main challenges

In terms of scale of production, India has been ranked 9th, while for complexity it is at 48th place.

Budget 2018: Finance Minister Arun Jaitley to present first budget after GST rollout on 1 February

The Economic Survey, detailing the state of the economy, is likely to be tabled on 31 January and the Union Budget may be presented the following day

GST collections at 5-month low: Nothing alarming, but enough to upset Arun Jaitley’s budget math

"This budget is going to be extremely difficult for the government since there is a big change happening in the tax regime and there are several inconsistencies"