The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity and support long-term growth at 7.5-8 per cent levels, which if played out well, can help India contribute 15 per cent of global GDP growth by FY2026, says a report. According to a report pencilled by the India economist at UBS Securities, Tanvee Gupta Jain, the country has the lowest manufacturing costs among peers, even though China retains significant ecosystem advantages and despite that India and Vietnam appear most likely to benefit from a shift out of China.
The Sunil Bharti Mittal-led firm on Sunday approached its competitors to set up intra-circle roaming and other processes in the way it is done by the sector to respond to disasters.
Political observers have said that the TMC, now desperate to shed the 'anti-Hindu' tag and embrace 'soft Hindutva', is carefully planning its moves, with help from poll strategist Prashant Kishor and team, as is evident from its decisions to organise Brahmin Sammelan, provide sops to Sanatan Brahmins, and financial aid to Durga puja committees.
In June, the new government led by Narendra Modi extended the excise duty concession by six months to December 31, which is not being further extended.
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
'Elevator rules deem no more than two people for a unit that carries six people, and as an employee enters the office, there are three masks to be used for five hours each a day, then disposed and one for the next day as well.'
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
The move may be part of Budget 2008-09, a senior government official said.
'The PM of India was 20 km away from the Pakistan border and he is one of the persons under extreme threat from that country and they put his life in danger.'
Sarvesh Agrawal of Internshala offers a detailed guide on the application process.
The lure of FMCGs has faded over the years with the rise of consultancy firms, foreign banks and software companies, according to the Campus Recruiter Index, an annual survey by research agency AC Nielsen tracking students' perception of recruiting companies on campuses.
The government is believed to have approved the proposal of granting tax benefits to IDBI in the first five years after its conversion into a bank to ensure that it continues its development financing role.
It is what you may call charity with benefit.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
The measures include increasing the number of services on which exporters are granted service tax exemption and refunds, re-introducing interest payment on the Exchange Earners Foreign Currency account and extending the period and scope of pre- and post-shipment credit.
Gujarat reported 2,165 cases, Maharashtra 1,188, Uttar Pradesh 663, Madhya Pradesh 590, Haryana 339 and Andhra Pradesh 248 cases.
For six days in a row the active cases of COVID-19 remained below 9 lakh.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
Delhi Chief Minister Arvind Kejriwal on Thursday said dedicated centres will be set up for the treatment of black fungus or mucormycosis cases at three city government-run hospitals.
India has a shortage of 150,000 rooms and the government hopes this will create additional 7,000 hotel rooms for events like the Commonwealth Games, scheduled in New Delhi in 2010.
The South African trio of AB de Villiers, Dale Steyn and Chris Morris arrived in Dubai in the wee hours of Saturday to join their Royal Challengers Bangalore teammates for the upcoming Indian Premier League.
West Bengal might have Bollywood actor Shah Rukh Khan as its brand ambassador, but the alliance comes at a cost.
The Oil and Natural Gas Corp wants to challenge the government's decision to withdraw the seven-year tax holiday on production of natural gas in a high court as the economics of its deep-sea projects will be severely hit because of the decision.
'Unlike India and Sri Lanka, there was no internal air travel needed.' 'For all 8 teams, different hotels are available, a separate one for the broadcasting team too.'
The government will chart out a plan for the evacuation of seafarers stuck on international waters amid the Covid-19 pandemic, Union Minister Mansukh L Mandaviya has said. Thousands of Indian seafarers are currently stuck aboard cruise ships and cargo vessels in far off waters, and maritime bodies have been demanding from the government strategies for bringing them home fearing that delays might result in disruption in supply chain.
"I don't want you to cry but with anger, you have to shout and demand that we need 50 per cent reservation," the CJI said.
Communications and Information Technology Minister A Raja on Wednesday warned that withdrawal of Income Tax holiday to Software Technology Parks (STP) in 2010-11 Budget will have 'devastating' effect. He said that the STP scheme should be modified to push growth in the IT sector.
But commerce ministry works on rules for exemption to contractors.
The finance ministry has tightened the noose around developers of special economic zones by disallowing tax concessions to their contractors involved in the construction work.
Long-term capital gains tax may be scrapped and the burden of dividend distribution tax could perhaps be shifted from companies to shareholders. Also, the Budget could provide income tax relief for the salaried classes, while proposing tax sops for small, medium and micro enterprises.
Even as Left parties have demanded a review of the tax concessions provided to SEZs, the DoT has sought extension of excise duty exemptions to industrial units set up in telecom-specific SEZs.
The domestic animation and gaming industry has said that it may face a serious crisis if not given fiscal incentives in the coming Budget.
Information technology firm Patni Computer Systems on Thursday said its earnings for a financial period could be affected
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
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