News for 'incentive'

Gangsters now wetting their pants in UP: Adityanath

Gangsters now wetting their pants in UP: Adityanath

Rediff.com9 Apr 2023

Addressing a gathering after the 'bhoomi pujan' of a bottling plant here, Adityanath said people are seeing that those who showed little respect for law and order earlier were now running for their lives.

IMF sees India as 'bright spot' in global economy, says PM Modi

IMF sees India as 'bright spot' in global economy, says PM Modi

Rediff.com11 Jan 2023

Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. In the past eight years, the government has increased the speed of reforms and removed many hurdles in the way of investments.

Mumbai is not for builders, says Bombay HC, pulls up 2 for default

Mumbai is not for builders, says Bombay HC, pulls up 2 for default

Rediff.com28 Feb 2023

This city is not for developers, and the Slum Rehabilitation Act (SRA) is intended to serve the purpose of public welfare and not the developers, the Bombay high court said, directing two developers to pay transit arrears of Rs 11 crore to a suburban SRA project.

Coming Soon: Cibil-Like Rating For Drivers

Coming Soon: Cibil-Like Rating For Drivers

Rediff.com27 Feb 2023

The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.

Want To Send Your Car To The Graveyard?

Want To Send Your Car To The Graveyard?

Rediff.com1 Jun 2023

One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.

Not enough space for cheetahs in Kuno park, says WII ex-official

Not enough space for cheetahs in Kuno park, says WII ex-official

Rediff.com30 Apr 2023

The Wildlife Institute of India's former dean Yadvendradev Vikramsinh Jhala, who was part of the cheetah project in the past, told PTI that KNP has 'inadequate space' for these animals.

China Plus One: Low labour costs and growing workforce give India the edge

China Plus One: Low labour costs and growing workforce give India the edge

Rediff.com5 Dec 2022

A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Fixed broadband may trigger next leg of growth for Jio, Airtel: Analysts

Rediff.com28 Apr 2023

Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.

Why Are Banks Wooing You?

Why Are Banks Wooing You?

Rediff.com15 Mar 2023

When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.

'Aim to make FAME scheme more transparent'

'Aim to make FAME scheme more transparent'

Rediff.com14 Apr 2023

'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'

Rohit must be getting support from BCCI: Harbhajan

Rohit must be getting support from BCCI: Harbhajan

Rediff.com10 Jul 2023

Harbhajan has expressed his massive displeasure with the "lack of respect" for the Saurashtra man and the fact that the yardstick to judge performances hasn't been same for every senior player.

How To Buy A Home And Repay EMI Quickly

How To Buy A Home And Repay EMI Quickly

Rediff.com20 Jun 2022

Home First Finance will be answering readers' home loan queries. Mail your queries to getahead@rediff.co.in with the subject line 'Home Loan Query' and we will have your queries answered by Home First Finance.

Incentives for hybrid, electric cars

Incentives for hybrid, electric cars

Rediff.com28 Feb 2011

Government wants to encourage manufacturing and selling of alternative fuel-based vehicles.

Green mobility: CNG vehicle sales are up 82% in 5 yrs

Green mobility: CNG vehicle sales are up 82% in 5 yrs

Rediff.com10 Apr 2023

Amid a shift in mobility trends and people increasingly opting for less polluting energy sources, sales of compressed natural gas (CNG) vehicles increased more than 82 per cent in the past five years. A total of 729,902 CNG vehicles were sold in 2022-23 against 400,825 in 2017-18, according to VAHAN Dashboard. Though the increase in sales of CNG-powered vehicles has been significant, their share in overall vehicle sales remains minuscule as is the case with EVs.

'Economic rebound has run out of steam'

'Economic rebound has run out of steam'

Rediff.com9 Mar 2023

'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'

More than two-thirds of non-profits struggle for funding: Report

More than two-thirds of non-profits struggle for funding: Report

Rediff.com15 Feb 2023

The survey showed that 74 per cent of the non-profits consider "scaling their impact" extremely important.

Rift in Bihar NDA over Centre's proposed population control law

Rift in Bihar NDA over Centre's proposed population control law

Rediff.com10 Jun 2022

Earlier this week, Bihar Chief Minister Nitish Kumar said a law on population control would not serve any purpose but insisted instead on education for girls and women.

Old Vs New Tax Regime: Which's Better?

Old Vs New Tax Regime: Which's Better?

Rediff.com16 Feb 2023

Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.

We've quality: China on India becoming most populous country

We've quality: China on India becoming most populous country

Rediff.com20 Apr 2023

The population is important and so is the talent, he said about China, the world's second-largest economy after the United States.

Shinde govt cuts VAT on fuel, reverses many MVA decisions

Shinde govt cuts VAT on fuel, reverses many MVA decisions

Rediff.com14 Jul 2022

The Maharashtra government has decided to reduce the value added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre respectively, Chief Minister Eknath Shinde said in Mumbai on Thursday.

Chips: Why govt's dream to make India self-reliant may be premature

Chips: Why govt's dream to make India self-reliant may be premature

Rediff.com10 Oct 2022

Mumbai-based Indian Semiconductor Manufacturing Company (ISMC) and Singapore-headquartered IGSS Ventures have one strategy in common: They have told the government in their application for semiconductor fabrication plants that they will export the bulk of the chips they make in India in the initial five or 10 years. The third applicant, Vedanta-Foxconn, which is also building a fab plant, has said it will concentrate on the needs of consumer electronics and mobile device markets, and earmark 80 per cent of output for domestic consumption, but has not specified its customers. Finding a viable domestic market could well be the biggest challenge for India's renewed tryst with semiconductors. Fab plants do not sell directly to end users but to intermediary chip design companies - such as Qualcomm or MediaTek.

Gujarat bags Foxconn's Rs 1.54 lakh cr semiconductor project

Gujarat bags Foxconn's Rs 1.54 lakh cr semiconductor project

Rediff.com13 Sep 2022

A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a memorandum of understanding with the Gujarat government on Tuesday to set up a semiconductor and display manufacturing unit in the state.

Current savings, investment rates can't propel GDP to 8%: Report

Current savings, investment rates can't propel GDP to 8%: Report

Rediff.com30 Mar 2023

Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively, in FY22, according to a report. As per India Ratings, a large part of investments will have to be in infrastructure, which can help revive private investments by easing supply constraints and offset the weakening of external demand due to global headwinds. Higher investments will have to be accompanied by higher domestic savings to keep the savings-investments gap under check.

From Dixon to Lava, Indian firms in JV talks with Chinese players

From Dixon to Lava, Indian firms in JV talks with Chinese players

Rediff.com11 Nov 2022

Home-grown companies, including electronics manufacturing services (EMS) firm Dixon Technologies and mobile device maker Lava International, have started exploratory talks with Chinese sub-assemblies and component players for setting up joint ventures (JVs) in the country. Sources in the industry say many domestic companies have also had preliminary discussions with original design manufacturers (ODMs) in China to look at a JV model for manufacturing smartphones. Key ODM players in mobile devices in China include Longcheer, Huaqin, and Wingtech, which has already set up a plant in Tirupati.

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

TDS limit for cooperative sector hiked to Rs 3cr, concessional tax for societies

Rediff.com1 Feb 2023

For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.

Direct tax collection grows 26% from April-Nov

Direct tax collection grows 26% from April-Nov

Rediff.com31 Jan 2023

The gross tax revenues have touched 65 per cent of the Budget estimates at Rs 17.81 lakh crore during the first eight months of the current fiscal till November, propelled by corporate and personal income tax mop-up, according to the Economic Survey 2022-23 presented in Parliament on Tuesday. The survey, authored by Chief Economic Advisor V Anantha Nageswaran, said the 'substantial reforms' in India's taxation ecosystem post-2014 and policy reforms have removed the distortionary incentives from the economy. Reforms like GST, reduction in corporate taxes, exemption of sovereign wealth funds and pension funds from taxes, and removing Dividend Distribution tax have reduced the tax burden on individuals and businesses.

Nearly 100% of 2-wheeler market will shift to EVs in 3 yrs: Bhavish Agarwal

Nearly 100% of 2-wheeler market will shift to EVs in 3 yrs: Bhavish Agarwal

Rediff.com12 Dec 2022

Ola Electric will roll out its complete offering of electric scooters and motorcycles in each segment of the market - premium, mass premium, and economical - in the next 12 months in a bid to push for a near-full conversion of the two-wheeler market to electric in three years. According to Bhavish Aggarwal, founder and CEO of Ola Electric, "ICE (internal combustion engine) products will fall off a cliff." He also says the company is aiming to become profitable next year.

Challenges Chip Projects like Vedanta-Foxconn Face

Challenges Chip Projects like Vedanta-Foxconn Face

Rediff.com19 Sep 2022

Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.

The Plight Of Food Delivery Boys

The Plight Of Food Delivery Boys

Rediff.com12 Apr 2023

Zwigato urges viewers to think critically about the kind of unethical behaviour that food delivery workers have to put up with on a daily basis because of insensitive customers, observes Chintan Girish Modi.

Big private investment in infra would be guided by Gati Shakti: Sitharaman

Big private investment in infra would be guided by Gati Shakti: Sitharaman

Rediff.com1 Feb 2022

While presenting the Budget for 2022-23, the finance minister also said the strategic transfer of Air India ownership has been completed and strategic buyer for (Neelachal Ispat Nigam Ltd) NINL has been selected. National Asset Reconstruction Co Ltd (NARCL) has commenced its activity, Sitharaman added.

TDS imposed on gifts to social media influencers, free samples to doctors

TDS imposed on gifts to social media influencers, free samples to doctors

Rediff.com17 Jun 2022

According to the CBDT, if a social media influencer retains a product from the manufacturing company after using for the purpose of rendering service, then it will be treated as a benefit/perquisite under newly-introduced Section 194R of the IT Act.

Indian investments in foreign stocks, property at record high in Dec

Indian investments in foreign stocks, property at record high in Dec

Rediff.com1 Mar 2023

The amount of money Indians invested in foreign securities, property, and deposits in 2022 was likely the highest on record. At $2.1 billion, it was the largest spend for any 12-month period according to the Reserve Bank of India's (RBI's) data going back over a decade. The amount spent for each individual segment was also the highest.

Engineering & construction sector: 10 cos likely to see solid growth in FY24

Engineering & construction sector: 10 cos likely to see solid growth in FY24

Rediff.com20 Jan 2023

The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.

Goa's 2nd airport a big boost for regional aviation

Goa's 2nd airport a big boost for regional aviation

Rediff.com19 Jan 2023

Goa's second airport began operations last week and if all goes according to plans, the state will be the base for a new regional airline, Fly91. Promoted by the ex-executive vice-president of now grounded Kingfisher Airlines, Manoj Chacko, and Fairfax India's former head, Harsha Raghavan, the airline will offer no-frills buy on board product and serve unconnected routes with two ATR 72 aircraft. An application for the initial no-objection clearance was filed with the civil aviation ministry last week.

E-commerce majors tighten purse strings, reduce incentives

E-commerce majors tighten purse strings, reduce incentives

Rediff.com7 Jun 2016

Flipkart, Amazon & Paytm have raised commissions from sellers.

Offer Letter: 10 Things To Check

Offer Letter: 10 Things To Check

Rediff.com4 Apr 2023

Before signing an offer letter, you should be well aware of your designation with the duties and responsibilities assigned to you, advises Varun Sachdeva.

Mobile phone PLI scheme extended by a year

Mobile phone PLI scheme extended by a year

Rediff.com28 Jun 2021

The government on Monday extended the period of production-linked incentive scheme for large-scale electronics manufacturing with a focus on mobile phones by a year until 2025-26. The base year of the scheme 2019-20 remains the same but the companies will have the option to choose their five-year period either from the base year or the year 2020-21 for calculation of the incentives under the scheme. "Now we have extended the tenure of the scheme from 2020-21 to 2025-26. "Earlier, it would have ended in 2024-25.

India Needs To Shift To Modern Economics

India Needs To Shift To Modern Economics

Rediff.com17 Oct 2022

Old ideas contained in the heads of old economists still dominate. That's not good, asserts T C A Srinivasa Raghavan.

Why Apple Wants Indian Workers To Work Longer Hours

Why Apple Wants Indian Workers To Work Longer Hours

Rediff.com15 May 2023

India's stiff labour laws were one key issue that Apple CEO Tim Cook discussed with Prime Minister Modi on his recent visit.

Major fire at Britannia's Pantnagar plant; no casualties reported

Major fire at Britannia's Pantnagar plant; no casualties reported

Rediff.com29 Aug 2022

A major fire broke out in Britannia Industries' Pantnagar manufacturing plant on Sunday destroying thousands of tons of biscuits. However, no one was killed or injured in the fire which broke out around 1230 hours in the biscuit division of the factory, Senior Superintendent of Police (SSP) Udhamsingh Nagar (district) Manjunath T C told Business Standard after the firefighters put the fire out. "With the help of 15-20 fire tenders, we were able to control the fire which was very major," Manjunath said.