'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
He's the hero for forging consensus on GST, popular in the Left Front and among his students, but industrialists are less than enamoured.
Higher oil prices, while not having an impact on Centre's revenues due to fixed tax rate, are pushing up states' sales tax revenue.
Trai wants to prevent accidental activation of such services.
The Telecom Regulatory Authority of India (Trai) today directed the mobile operators to seek written consent from the users who have subscribed to their value-added services (VAS), such as call ring-back tone and hello tunes, in order to prevent accidental activation of such services.
Telecom major Bharti Airtel on Tuesday announced that it would provide 1 Mbps speed broadband at Rs 1,699 a month, and 512 Kbps speed at Rs 1,099. Data transfer limit in both cases in unlimited.
The last day of the budget session in the Delhi assembly witnessed uproar
The chief statistician feels there should be a rebound after companies integrate and adopt the GST system
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Now, watch customised election news on your TV. Big TV, a Reliance Anil Dhirubhai Ambani Group venture, is launching election-based interactive services that will be provided by its content partner CNN-IBN.
Nazara Technologies, a mobile content provider that creates games, expects to generate revenues worth Rs 100 crore (Rs 1 billion) from mobile games within the first year of 3G's launch.
India ranks among the top five developing countries in production of six major industrial items, including textiles, motor vehicles, chemicals and basic metals, according to a UN agency UNIDO.
Infrastructure, stricter implementation boost commercial vehicle sales
It is the season for submitting 'wish lists' to the finance minister. Let me make only one point today, which is to simplify the duty rate structure.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
It is after the GST Network tallies invoice details with shipping bills that the refund claims can be processed. So, the refund could be delayed by over a month.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Go beyond your college classroom. Take part in fests. Pursue an internship, says Abhishek Ajmera.
An excise duty is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax(CENVAT).
Central Statistics Office has come out with GVA to measure growth.
ATF or jet fuel price has been cut marginally while rate of non-subsidised cooking gas LPG has been hiked by Rs 27.50 a cylinder.
India is the second largest buyer of Iranian crude, after China.
In the last two years, foreign direct investment from India into the United States has grown more than the FDI from the US into India, excluding portfolio investments, Indian Ambassador to the US Meera Shankar said recently.
Travel portals have started to tie-up with online shopping portals and offline retail outlets to jointly promote their value-added offers as shopping portals gather huge traffic around festival time. They reason it will help them tide over the current lean phase in the economy.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
While Swissport, an European infrastructure and service corporation providing value-added airport services at 187 airports across 43 countries, is going with India's Punj Lloyd group, Menzies is partnering Cambata Aviation for the bid. Cambata has been providing airport services at the Mumbai airport since 1967. Turkey's Celebi Ground Handling is reportedly teaming up with Spencer Travels as overseas bidders.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
The prices of mobile handsets are likely to increase in Maharastra from Wednesday as the state government has hiked the sales tax on devices to 12.5 per cent from four per cent now.According to analysts, the tax increase would push up the cost of a Rs 3,000 mobile handset by Rs 250.
BK Modi group firm Spice Mobiles on Monday launched a Windows-enabled dual-SIM handset 'Spice D-1111' priced at Rs 18,499.
Tata Teleservices, owner of Tata Indicom brand, unveiled on Thursday the country's first full-fledged web-browser for mobile phones.
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
Haryana plans 100-acre automobile village Auto Village proposes to have about 80 vehicle showrooms and workshops of all automobile brands
The newspaper industry in the West may be reeling under the onslaught of the web but Steve Forbes, editor-in-chief, Forbes, and grandson of the founder of the magazine, believes there is a market for value-added content that people will pay for.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
Indian economy had grown at 6.6 per in 2013-14.
Two major steel producers Tata Steel and SAIL, however, have maintained their prices according to their commitment to the government. But according to market sources, value-added products continued to remain out of the price control purview, resulting into frequent price hikes of products like blooms, power channels and other high-tensile steel products, which are import substitutes.
Verizon Communications, the second-largest US telecommunications group, is to expand its global communications network to provide its multinational corporate customers in fast-growing markets like China and India with additional services. The decision comes as US telecommunications groups including AT&T increasingly look outside their domestic market for revenue growth from higher value added services.
Though the states might lose because of providing tax credit on input, they will also gain by way of taxing services. At present, only the Centre taxes around 100 types of services. Thus, the actual losses states might incur cannot be estimated until the GST is implemented.
The service is offered through SMS, call centres and the Internet. Industry experts said 8-10 million people use mobile search. Two million people use the Internet and the rest use SMSs and call centres. The operators' main source of revenue is premium SMS (what they charge for search query). Advertising from the local merchants getting listed in the search is a promising option.
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