Ajit Balakrishnan offers a New Year resolution for our policy-makers.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
Work on a dozen decisions to start by next week.
Seeking to restrict gold imports, the Reserve Bank on Friday said nominated banks and agencies will not be allowed to import the precious metal in excess of their entitlements in first or second lot under the 80:20 scheme.
Mass agitations are not particularly uncommon in India. But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled.
Companies in China, South Korea and Indonesia pay 25 per cent tax, while those in Malaysia pay 24 per cent. Only Japan has a higher tax than India at 30.6 per cent. Hong Kong has the lowest corporate tax rate of 16.5 per cent while Singapore has 17 per cent rate and Thailand and Vietnam levy 20 per cent tax on companies.
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
Currently, the spend on R&D as a percentage of GDP is just 0.9%
Pakistan Prime Minister Nawaz Sharif will visit China next week on his first foreign tour since assuming office, the foreign ministry said on Friday.
The government's plan to cut the corporation tax rate while phasing out exemptions may be sound, but it may not mean a reduced tax burden for India Inc.
New exchange will provide an electronic platform for trading.
Siddhartha's knack for value investment dates back to 1995 when he infused capital in Kshema Technologies, which was acquired by MphasiS. He also took an early exposure in Mindtree way back in 1999. Since 1995, he had invested in more than 15 technology companies including chip-designing firm Ittiam Software, and GlobalEdge Technologies, among others, says Debasis Mohapatra.
Escalating his attack against Bharatiya Janata Party's prime ministerial candidate Narendra Modi over his development claims, Aam Aadmi Party leader Arvind Kejriwal on Thursday said he is the "vikas purush" (development man) only for industrialists.
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
The company will move ahead with plans to have second campus on Sarjapur Road.
The decision was taken in the meeting of the Board of Approval headed by Commerce Secretary Rajeev Kher on September 18.
The JV was established for development of SEZs/Model Economic Township project and other infrastructure facilities in Haryana.
Daily wagers are running out of resources, including ration and cash, and the state governments might not be able to sustain their needs for a longer period of time, given the lockdown has already been extended until May 3.
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Imports of gold virtually stopped since July 22 after confusion on the new import rules.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
Adani Enterprises, the flagship company of the Adani Group, reported a profit after tax of Rs 557 crore for the first quarter ended June 30, 2014 on the back of a 43 per cent jump in revenue.
According to a department notification, Tech Mahindra has approached the Board of Approvals under the Department of Commerce for transferring rights of three SEZs (one in Tamil Nadu and two in Andhra Pradesh) and the proposal will come up for a discussion before the BoA on August 30.
The board would take a decision on these applications on February 20.
Adani group will demerge all ports, power assets into two 2 listed firms.
The zones, says Panagariya, would have to be set up near deep-draft ports, capable of accommodating very large and heavily loaded ships
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
With a population of more than 60 million, the delta region accounts for nearly 30 per cent of China's exports.
Traders are closely watching the progress of the monsoon.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Infosys is developing three more projects at Electronics City.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
The government announced several incentives in the five-year Foreign Trade Policy.
'China has reclaimed, after two years, its mantle as the world's fastest-growing large economy.' 'This, when its working age population is shrinking, while ours is growing.' 'And talking of jobs, China expects to create 11 million urban jobs this year; for India, don't ask,' says T N Ninan.
Bank shares were the top losers along with index heavyweight RIL
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The Indian Consulate in Guangzhou has organised a face to face interaction with Chinese investors to make a case for them to step up investments in India, a press release from the Consulate said.
The nation wants an ex-ante body for endorsing "public purpose" during land acquistion process.
Each port will construct one smart city.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
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