Prime Minister Narendra Modi in his first-ever in-person meeting with President Joe Biden raised a number of issues involving the Indian community in America, including access for Indian professionals in the US and speaking about the H-1B visas, Foreign Secretary Harsh Vardhan Shringla has said.
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately and the remaining 0.35 per cent capital gains from the equity sale would be given later, subject to its redemption.
The Bombay Stock Exchange says it will train 6.5 million people in the next 10 years to work in the BFSI (banking, financial services and insurance) sector, the largest employer in the Indian private sector.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
CAD refers to the difference between inflow and outflow of foreign exchange that has a bearing on exchange rate.
After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
'As for tricky relations with China, India needs less of summitry type event management and more anticipatory analysis and management of events,' says Ambassador Jaimini Bhagwati.
Violence and arson continued in Manipur's trouble-torn Churachandpur town where two government office buildings were burnt down by agitators.
To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies, she said.
Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.
'I was living in a fools' paradise, thinking I could win over anyone with my good intentions.'
The Union home ministry has issued strict guidelines for the enforcement of the 21-day complete nationwide lockdown in the wake of the covid-19 pandemic, invoking the National Disaster Management Act which may result in imprisonment of up to two years for any violation. All government offices, the offices of state and Union territory governments, autonomous institutions, public corporations, commercial, private, industrial establishments shall remain closed, the guidelines issued by the ministry said.
Wipro's clients currently include over 100 US payers, healthcare providers, and public health agencies.
'As a donor, you may think you are saving one life. But you touch the lives of the entire family and community associated with the person. And it only cost you a few hours of your life.'
Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy
The Delhi high court will hear on Monday a plea by leading Bollywood producers seeking to restrain Republic TV and Times Now from making or publishing allegedly "irresponsible, derogatory and defamatory remarks" against the film industry and conducting media trials against its members on various issues. The lawsuit by four Bollywood industry associations and 34 leading producers, which was filed on October 12, will come up for hearing before Justice Rajiv Shakdher.
To cement India's position as a preferred global outsourcing destination, the government on Wednesday liberalised guidelines for voice-based BPOs removing the distinction between domestic and international units as well as permitting interconnectivity between all types of OSP centres. Broadly, the rules would allow global companies, say an airline, with a voice-based centre in India to now serve global and domestic customers with common telecom resources, something that required dedicated, separate infrastructure previously. Moreover, the restrictions on data interconnectivity between any BPO (business process outsourcing) centre of the same company, a group company or any unrelated company has been done away with, allowing for massive flexibility in resource management for BPO operations.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit at $50 billion
The panel noted that the macro-economic fundamentals of the economy are sound but challenges remain, several of which are structural in nature.
Nitin Desai suggests some concrete measures to revive investment and boost growth.
'This country's backwardness is exposed when Indians bribe, coax and cajole agents to get back-breaking jobs abroad to save a little money at home,' observes Sunanda K Datta-Ray.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
The central government has asked public sector undertakings to dissuade their employees from participating in the bandh.
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
'An armed helicopter equipped with counter-drone systems will provide the airborne counter-drone capability and flexibility needed to protect India's critical assets.'
Of the 200 to 250 students who enroll in a graduate language course at Doon University annually, nearly all are assured placement in a range of companies like Amazon (France), AXA Insurance, Oracle and Capgemini.
Ask your HR department for details about the fund, trustees and returns
The variety of options combined with global student mix makes it an apt destination for international students.
'Success will require political skill, not just economic expertise'
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
On the occasion of International Museum Day Monday, two studies by the UN Educational, Scientific and Cultural Organisation and the International Council of Museums said that museums have been especially affected by the COVID-19 pandemic, with nearly 90 per cent of them, or more than 85,000 institutions, having closed their doors for varying lengths of time during the crisis.
The political-electoral calculus favours spending thousands of crores on vanity projects like Sardar Patel's statue and the Central Vista over building up our military to handle the confrontations and conflicts that loom large, points out Ajai Shukla.
'She had indeed grown to full womanhood and was in reality more beautiful than I thought she was.'
