Several start-ups have raised concerns over taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.
Whenever there is an evaluation scheme, it is human tendency to score as high as possible. None would like to highlight their shortcomings, and everyone likes to highlight their positives. This is what is happening in this context of rankings as well, points out Profesor N Ravichandran.
Indian start-ups raised issues, such as blockages in international wire transfers, disruptions due to threshold limits on withdrawals, lack of communication from US agencies, and the need for preferential access to credit, in a meeting with the government over the fallout of Silicon Valley Bank's collapse. Rajeev Chandrasekhar, minister of state for electronics and information technology, held a virtual meeting with over 450 members from start-ups, venture capitalists, and investors who have been directly affected by the closure of SVB. He assured them that the IT ministry would put together a list of suggestions and give it to the finance minister on behalf of start-ups.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
A parliamentary panel on Friday questioned top Twitter officials over a whistle-blower's revelations on its India operations, and gave them a dressing-down as their replies on issue of data security and privacy were "not satisfactory", sources said.
Rumours on WhatsApp have sparked off a spate of incidents involving mob violence
The 'On-Board Oxygen Generation System' developed for the Tejas can produce 1,000 litres of oxygen every minute.
The government is mulling blocking mobile taxi hailing apps of Uber, Ola and TaxiForSure all over the country, with the Department of Electronics and Information Technology seeking views from the Transport Ministry for the same.
The apex court, which asked the Centre to consider creating a regulatory mechanism and apprise it, said the government should also inform as to what steps have been taken on the issue under the Cable Television Network Act (CTNA).
The government plans to embark on a massive public relation exercise to showcase India in the United Kingdom as a major destination for health tourism and promote success stories of information technology and pharmaceutical industries.
Chary also says some government officials have played an important role in favouring organisations that MCX competes with.
Home ministry sources say there are fears that international lobbies might have been involved in spying, to create a narrative around Indian governance as well as the economy.
This upgrade will allow air operations by military and civil aircraft even in poor visibility and adverse weather conditions.
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.
"Critical data which has to be resided in India is an important component that needs to be clarified, as this will be arguably uncovered on an ad hoc basis as we move forward."
Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
Sectors that attracted maximum FDI include services, trading, automobile and power.
Personal data of thousands of people in India has been leaked from a government server which includes their name, mobile number, address and Covid test result, and these information can be accessed through online search.
Rising skills gap, falling exports, low productivity, rising debt and low foreign investment is jeopardising the target set for the textile and apparels sector
Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.
With Lok Sabha elections months away, the visits are vital politically as these would showcase Modi's standing as a world leader to the home electorate.
Social media platform Twitter is learnt to have written to the government that it is in advanced stages of finalising chief compliance officer as per the new IT rules and additional details will be submitted to the government within a week, according to an official source.
The US military has intensified its efforts to collect the remnants of the high-altitude surveillance balloon from China that floated over the United States over several days last week from Montana to South Carolina.
Online booking started on February 18 but the site soon crashed.
The banned apps include Baidu, Baidu Express Edition, Tencent Watchlist, FaceU, WeChat Reading and Tencent Weiyun, besides PUBG Mobile and PUBG Mobile Lite, according to an official statement.
Tamil Nadu, Telangana, Maharashtra, West Bengal and Gujarat are alarmed by the rising use of the app in smaller towns and hinterland, where it is increasingly being used for spreading hate messages and child pornography.
The Directorate of Enforcement is investigating Ringing Bells, the company which has launched smartphone for Rs 251, for alleged contravention of FEMA.
At the end of the day, Stalin expressing solidarity with an arrested colleague is one thing, especially if he too felt that the minister had been wronged, but for him to retain the person in office sets a bad precedent, which would not go unnoticed by voters, points out N Sathiya Moorthy.
With an eye on empowering the underprivileged by efficient and intelligent use of social media and creating awareness about the assistance available from the government, Prime Minister Narendra Modi has asked his ministers to list the achievements of their respective departments and ministries in an e-book format before December 31, 2014.
Ankit Fadia talks to Prasanna Zore about his roles and responsibilities as a brand ambassador of Prime Minister Narendra Modi's 'Digital India' programme
When Prime Minister Narendra Modi recently extended a Rs 8,000-crore (Rs 80 billion) central support for building roads in Jammu & Kashmir, Union Cabinet's approval for the big-ticket announcement came in barely 48 hours.
India has evidence that social media platforms are being used to raise terror funds, NIA director general Dinkar Gupta said on Thursday, underlining that the issue will be deliberated during a two-day international ministerial conference on countering terror financing.
Passengers, who do not have the app installed on their mobile phones, might be asked to do so after their arrival at the station.
Companies will be offered incentives for employing more women.
The government is attempting everything it can to make sure that this does not happen, observes Aakar Patel.
'Before the elections, fake news can create law and order hassles and that is the reason they want social media firms to follow the amended IT Act.'
To believe that the key job of his senior ministers is to ensure that his image be kept intact whatever be the outcome of his policies is to expect too much even of someone as ambitious as Narendra Modi, asserts Rashme Sehgal.
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