business

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
india

Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm

The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months
business

At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months

India’s unemployment rate reduced to pre-lockdown levels at 8.5 percent during the week that ended on 21 June, Centre for Monitoring Indian Economy (CMIE) said.

Google Pay says all transactions are fully protected by redressal processes laid out by RBI, NPCI
business

Google Pay says all transactions are fully protected by redressal processes laid out by RBI, NPCI

The statement comes against the backdrop of social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards
business

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards

Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions

Over 70% industry respondents expect Budget to hike standard deduction limit for salaried individuals, says KPMG survey
business

Over 70% industry respondents expect Budget to hike standard deduction limit for salaried individuals, says KPMG survey

Of the 250 respondents across sectors who participated in the KPMG in India's pre-budget Survey 2021-22, a small number said that they expect a new COVID-19 cess in Union Budget 2021

Union Budget 2021: Time to invest in virtual forms of education, say experts, tell govt to plug gaps in sector
india

Union Budget 2021: Time to invest in virtual forms of education, say experts, tell govt to plug gaps in sector

Teachers, too, have been severely impacted due to COVID-19 as many faced job cuts or mental pressures to train themselves quickly to adopt to online teaching.

Union Budget 2021: Incentives needed for operators to view fiberisation as opportunity, not challenge
india

Union Budget 2021: Incentives needed for operators to view fiberisation as opportunity, not challenge

India currently ranks among the lowest in internet quality even as it continues to be one of the most affordable internet economies in the world.

Union Budget 2021: After pandemic disruption, time to focus on demand- side of economy
india

Union Budget 2021: After pandemic disruption, time to focus on demand- side of economy

The economy has lately shown some green shoots and several high-frequency indicators are reaching the pre-COVID level of production, bolstered by a combination of festive/pent-up demand.

Union Budget 2021: Lower GST rates for refrigerators, air conditioners, says electronics sector
india

Union Budget 2021: Lower GST rates for refrigerators, air conditioners, says electronics sector

Lowering the GST tax slabs for eco-friendly and energy-efficient products like 4 star, 5 star, and inverter air conditioners and refrigerators will drive demand

Union Budget 2021: Govt should introduce framework for fiscal consolidation of infra firms
india

Union Budget 2021: Govt should introduce framework for fiscal consolidation of infra firms

The infrastructure sector has been one of the most impacted due to the pandemic and companies have come under considerable financial stress.

Union Budget 2021: Govt should provide relief, cuts in personal tax; levy cess, increase rates for high income taxpayers
india

Union Budget 2021: Govt should provide relief, cuts in personal tax; levy cess, increase rates for high income taxpayers

There are lot of expectations from Budget 2021 as it would be presented amid the COVID-19 pandemic which has caused significant disruption in the lives of many as well as severely impacted the economy.

Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay
india

Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay

Due to the major developments in the situation around LAC and LOC in the past year, the defence budget for 2021 is expected to go up.

Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates
india

Union Budget 2021: Auto industry optimistic about recovery from pandemic; expects cut in GST rates

The removal of restrictions to avail the input tax credit of GST paid on automobiles for businesses would make vehicles more affordable when used for business purposes, besides fulfilling the basic intention of GST to eliminate cascading of taxes.

Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process
india

Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process

All eyes are now on how Budget 2021 will address the expectations and challenges faced by the Indian retail sector.

Union Budget 2021: Govt should revisit available tax benefit on new hires to turbocharge employment generation
india

Union Budget 2021: Govt should revisit available tax benefit on new hires to turbocharge employment generation

As the world gears up to rise again from the ill-effects of the pandemic, Budget 2021 can be an important turning point and launching pad for India’s growth story.

Union Budget 2021:  Global firms, Indian MNEs better off with predictable tax regime, transfer pricing certainty
india

Union Budget 2021:  Global firms, Indian MNEs better off with predictable tax regime, transfer pricing certainty

This Budget should be used as an opportunity to trigger an economic revival and lay a strong foundation for the future.

Union Budget 2021: Oil and gas industry seeks roadmap of govt's vision to integrate it into GST regime
india

Union Budget 2021: Oil and gas industry seeks roadmap of govt's vision to integrate it into GST regime

The oil and gas industry is looking at the government to provide much-needed relief for the sector which is saddled with a high tax cost and administrative burden.

Union Budget 2021: Power sector needs higher outlay for incentivising investments in R&D, renewables
india

Union Budget 2021: Power sector needs higher outlay for incentivising investments in R&D, renewables

The overall objective is to increase green energy capacity in all its forms by lending policy and funding support.

Indian economy estimated to contract by 9.6% in 2020, may grow by 7.3% in 2021, says UN report
business

Indian economy estimated to contract by 9.6% in 2020, may grow by 7.3% in 2021, says UN report

The report projected India to become the fastest growing major economy in 2021, followed by China

Union Budget 2021: Centre likely to hike farm credit target to about Rs 19 lakh crore
business

Union Budget 2021: Centre likely to hike farm credit target to about Rs 19 lakh crore

The credit target has increased consistently over time, with credit worth Rs 11.68 lakh crore being given to farmers in 2017-18, as opposed to the year’s Rs 10 lakh crore target, sources said