In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
Once installed, the LAIRCAM system increases crew-warning time, decreases false alarm rates and automatically counters advanced intermediate range missile systems.
Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Toll collection is a key instrument for the government to attract private investment.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
'Jammu and Kashmir is free for any movement and accessible to all including citizens, outsiders, journalists and all others for free movement'
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
'India's future: To manufacture so efficiently that we do not need protection,' says Naushad Forbes.
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
KYC done while opening a bank account can be used to open a mutual fund account.
'If we cannot conclude a trade deal, both sides are likely to take trade actions that will further impair our government-to-government ties.'
Will a time come when people will look beyond what they see as Modi'S strengths and begin to wonder why they have got poorer or sicker under his rule, asks Vir Sanghvi.
'When a person is capable of infecting 50 others, will you think about the privacy of the person or about protecting the lives of people?'
It had requested the government to grant it 15 years of duty-free import of components to assemble its iPhones in the country, sharing a road map to slowly indigenise products.
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
National artificial intelligence unit stuck for lack of anchor department
National Investigation Agency will get CCTV footage disc, related to arrest of suspected militant Liyaqat Ali Shah, analysed from Electronics Corporation of India Ltd as the discs seized by Delhi Police were found to be damaged.
The government is expected to route all its official communication through the official website National Informatics Centre's email service.
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
It's not every day that an undergraduate from India wins a scholarship to study at one of the prestigious universities in the world.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
The five-acre facility, set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year
The PM said that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade.
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
In April, RBI had projected retail inflation to be around 5 per cent.
The former IAS officer was sworn-in as Minister of State (Independent Charge) of Tourism; and Minister of State in the Ministry of Electronics and Information Technology.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
'Nirmalaji's Budget announcements have long-term implications and are not backed by enough money when the short-term outlook looks bleak,' notes T N C Rajagopalan.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
Shekhar Gupta's anthology is a valuable addition to our understanding of the seeming muddle that is India... The experience of reading his columns is more like a chat with a friend in the afterglow of an enjoyable drink, but never frivolous, says Shreekant Sambrani.
The Bill says that the central government, in consultation with the Data Protection Authority, can direct any data fiduciary or data processor to provide non-personal data to enable better targeting of delivery of services. The government can also ask data processors to provide data for formulation of evidence-based policies for its own use.
The National Technical Research Organisation, the ambitious project to protect India's cyber space, is all set to roll out in May. However, experts are sceptical on how the government will maintain a balance between cyber security and civil liberties, reports Vicky Nanjappa.
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