Auto-debit payment bounces have gone up for the second consecutive month in May, emphasising the stress building up due to a halt in economic activities as authorities lock down various parts of the country to stop the spread of the virus in the second wave. According to the National Automated Clearing House (NACH) data, in May, of the 85.7 million transactions initiated, 35.91 per cent, or 30.8 million transactions, failed.
Fitch said COVID-19 is still in India and it is very likely that the government will have to spend a bit more on fiscal measures to support the economy.
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.
In a video shared by Deora, former Union minister, on his Twitter page, Ambani says "Milind is the man for South Mumbai", while Kotak eulogises the Mumbai Congress chief for "truly representing the Mumbai connection".
The representatives of thousands of agitating farmers, who are sitting on various borders of the national capital since November 26 demanding repeal of the three agri laws, have said that the countrywide strike on Tuesday would be observed with full force.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
In 2019-20 Budget, the government had increased surcharge from 15 per cent to 25 per cent on those with taxable income between Rs 2-5 crore and from 15 per cent to 37 per cent for income above Rs 5 crore. Following the increase, the effective income tax rate for individuals with a taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent and for those above Rs 5 crore it would go up to 42.7 per cent.
The All India Council of Technical Education (AICTE) has allowed business schools and institutions offering MBA and PGDM courses to admit students based on marks obtained in qualifying undergraduate exams.
While there has been no commitment from the government on the procurement of vaccines, initial volumes, or distribution plans, there is a likelihood that the low interest loans may be made available to these players only when the time to scale up manufacturing arises.
E-commerce giants such as Amazon, Netflix and Flipkart, whose headquarters are not in India, potentially have to pay the additional levy of 2 per cent from April 1.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Maharashtra is expecting its active caseload to reach 11.9 lakh by April 30, compared to the current active caseload of 5.64 lakh, Thackeray said.
During the meeting with Acting Deputy US Trade Representative Wendy Cutler on Wednesday,
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
The Three-Pointed Star also unveiled its 2021 motto coined as 'Reimagining Excellence', which aims at making the brand more desirable and drawing customers closer.
Prime Minister Modi needs to call Biden next month and clearly say: 'Mr President, the threat from China is clear and present. We, in New Delhi, have determined it to be an urgent national priority to outfit our submarines and aircraft carriers with nuclear propulsion and we want to cooperate with America on this programme",' advises Ajai Shukla.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
If Modi's political retreat -- he has tried to avoid a pre-1984 type of situation in Punjab -- helps soothe Sikh sentiments, nobody should complain Modi, asserts Sheela Bhatt.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
India has emerged as one of the top three choices for investments in the next 2-3 years, with more than two-thirds of respondents in a survey of multinational companies (MNCs) citing the country as their number one choice for future investments. According to the FDI survey released on Tuesday by CII in association with EY, about half of the respondents see India amongst the top three economies or leading manufacturing destinations of the world by 2025.
Since the imposition of lockdown on March 25 by the government to contain the COVID-19 spread, businesses have been facing liquidity or cash crunch, leading to difficulties in paying their mandatory provident fund dues.
The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.
Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
The website will provide information in Hindi, Marathi, Gujarati, Tamil, Telugu, Malayalam, Bengali, Kannada and Punjabi.
Baseball is one of several sports seeking a slice of the huge Indian market and its similarity with cricket, often called a religion in the country of 1.4 billion, could give it a head start, Major League Baseball (MLB) officials hope. MLB spent a decade and half studying the market before opening a sixth international office in New Delhi last year and was encouraged by the throwing, hitting and catching techniques that link America's pastime and India's obsession.
"The government has cleared seven names out of the 106 judges and one out of the nine for chief justices, so far. I expect that the government will clear the rest of the names very soon. These appointments will take care of pendency to some extent. I seek the cooperation and support of the Government to enable access to justice and to strengthen democracy," CJI N V Ramana said.
The Biden administration has announced that it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system. On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
You have strangulated the entire city and now you want to come within the city and start protest again here," the Supreme Court on Friday told a farmers' body protesting against the three farm laws and seeking directions to authorities to allow it to stage satyagrah at Jantar Mantar in New Delhi.
'The prospect is of a self-confident and self-sustaining India will make it a more effective player in the global arena,' External Affairs Minister Dr Subrahmanyam Jaishankar points out delivering the Sardar Patel Lecture-2020: India and the Post-Covid World.
How can highways be blocked perpetually, the Supreme Court wondered on Thursday while referring to road blockades by farmers protesting at Delhi borders against the three farm laws passed last year, and said it is the executive's duty to implement the law laid down by the court.
Sitharaman said the government wants to sell stake in public sector companies at a time when it fetches the right price.
The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime's controversial rule to raise mandatory minimum pay for foreign workers on H-1B visa, the most sought after among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The Department of Labour in its federal notification published on Friday said that it is considering whether to propose a further delay of the final rule's effective date and accompanying implementation periods that are currently scheduled to take effect on May 14, 2021, and July 1, 2021, respectively.
Exporters can make payment of fees through debit/credit cards.
It is learnt that the US had recently presented two separate papers to India.
The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.
"The Indian side has been also making incongruous demands of allowing an Indian lawyer to represent Commander Jadhav. "We have repeatedly told them only those lawyers can represent Commander Jadhav in the court who have a licence to practise law in Pakistan. This is in accordance with legal practice in other jurisdictions also," Pakistan Foreign Office spokesman Zahid Hafeez Chaudhri said.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
