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GST is a ‘Good and Simple Tax’ That Will End Small Biz Harassment: PM Modi

1Jul By Press Trust of IndiaNo Comments

INDIA

GST is a ‘Good and Simple Tax’ That Will End Small Biz Harassment: PM Modi

Prime Minister Narendra Modi has billed GST as a 'good and simple tax' that will end harassment of traders and small businesses while integrating India into one market with one tax rate. At an event to launch the Goods and Services Tax (GST) at the historic Central Hall of Parliament, Modi said the indirect tax reform is a result of combined efforts of various political parties at different points of time. GST, he said, is an example of cooperative federalism as the centre and states together thrashed out the new law with consensus. Besides being a transparent and fair system that will end generation of black money and corruption, GST will promote new governance culture that will end harassment at the hand of tax officials. Touching upon initial teething troubles that may be wi...

Nirmala Sitharaman Asks MPs to Consider Setting up Co-working Space or Incubators in Their Constituency

29Jun By Press Trust of IndiaNo Comments

INDIA

Nirmala Sitharaman Asks MPs to Consider Setting up Co-working Space or Incubators in Their Constituency

Commerce and Industry Minister Nirmala Sitharaman has urged the Members of Parliament (MPs) to consider setting up co-working spaces or incubators for startups in their constituency. In a letter to the MPs, the minister has asked utilising the Members of Parliament Local Area Development Scheme (MPLADS) funds for such initiatives. "This step will promote the startup ecosystem in the country and help startups in their constituency make rapid strides towards establishing themselves and also create jobs," a commerce ministry statement said quoting Sitharaman. The 'Startup India' envisions building a strong ecosystem for nurturing innovation in the country and empowering the budding entrepreneurs to grow through innovation and design. She said the government has been making all-out...

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

28Jun By kriti singhNo Comments

INDIA

Software Testing For GST Complete, Ready For Smooth Rollout: GSTN

GST Network, the company providing technology backbone for the new indirect tax regime today said it has completed all software trials and testings necessary to successfully rollout GST from July 1. Over 66 lakh taxpayers have enrolled on the GSTN portal, Chairman Navin Kumar said. "GST IT system has undergone all mandatory tests and has been opened for new registrations and enrolments on June 25. We would like to assure everyone that the system is functioning smoothly," he said. The GSTN portal has also started accepting registrations from new taxpayers from June 25 even as the process of migration of existing taxpayers is already on. Registration has also started for GST practitioners, deduction of tax at source and e-commerce operators (TCS). The government has however deferred...

25Jun By PriyankaNo Comments

INDIA

Indian Space Centre ISRO Developed Technology to Alert Users at Unmanned Crossings

Satellite-based chip systems will now alert road users at unmanned level crossings about approaching trains and also help in tracking train movement on a real-time basis. On a pilot basis, the Mumbai and Guwahati Rajdhani trains will be equipped with this system. Road users will be warned by hooters once a train approaches an unmanned level crossing as railways are installing ISRO-developed integrated circuit (IC) chips on locomotives of trains. There will be hooters at 20 unmanned level crossings on Rajdhani routes for Guwahati and Mumbai, said a senior Railway Ministry official involved with the project. More trains will be equipped with such technology in a phase-wise manner, according to the plan. About 500 metres before the level crossings, the hooter will be activated ...

18Jun By AnkitaNo Comments

INDIA

Indian Government Approved a Start-up Incubation Centre for Mangaluru

The Indian government has approved a start-up incubation centre for Mangaluru to provide basic facilities for people intending to set up self-employment units, Union Minister Nirmala Sitharaman said. The Centre would start functioning within four months with an investment of Rs 1.18 crore, she said. Facilities would be provided to 60 start-up companies at the centre in the initial phase, the Minister of state for for Commerce and Industry said after inspecting the site identified for the centre here last evening. The start-up companies could function here for a specified term and required facilities would be provided in the second floor of the corporation sub office. Kanara Chamber of Commerce and Industry, Nitte University, National lnstitute of Technology, Karnataka (NIT-K)...

16Jun By AdityaNo Comments

INDIA

Indian Government Will Launch Policies To Become USD 1 Trillion Digital Economy

The government will come out with three new policies, including electronics manufacturing and data protection, as part of its efforts to make India a USD 1 trillion digital economy in a few years. Speaking after a two-and-a-half hour meeting with Indian tech industry captains, IT Minister Ravi Shankar Prasad today exuded confidence that India is well-positioned to become a USD 1 trillion digital economy in next few years. "The industry has assured us that they are committed to support us in this mission... We will be shortly laying down the new electronics policy because between the old policy and now, India under Narendra Modi has changed completely," Prasad said. He added that the government will also come up with a new software product policy and a framework for data security a...

15Jun By AdityaNo Comments

INDIA

India to Have 1.4 Billion Mobile Subscribers by 2022

The overall mobile subscriber base in the country is likely to grow to 1.4 billion by 2022 and nearly one-third of them will be 4G users, says a report by Ericsson Mobility. India led the mobile subscribers growth globally with highest net addition of over 43 million customers in January- March 2017, it said. China followed India with net addition of over 24 million mobile subscribers during the three-month period. Indias total mobile subscriber base is expected to grow to over 1.4 billion in the next five years of which 520 million will be 4G subscribers, the report said. The 5G service is expected to be operational in India by 2022 with subscriber base of around 3 million, it added. "Based on trend of deployment of LTE by telecom operators in India, we feel 3G will be domina...

IRCTC Offers mVisa Payment Solution For Travellers

14Jun By Press Trust of IndiaNo Comments

INDIA

IRCTC Offers mVisa Payment Solution For Travellers

Rail travellers can now book tickets by mVisa payment method which allows them to scan a quick response (QR) code and pay through smartphones. Users can securely link their visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website. IRCTC, a subsidiary of the Indian Railways, is offering a promotion offer until September 4 that will give Rs 50 cashback to consumers booking their tickets through mVisa scan and pay on the IRCTC website. "The key to our success as Indias largest e-commerce organisation has been our ability to embrace new technologies that help us drive consumer engagement across our platform," IRCTC CMD AK Manoc...

11Jun By Press Trust of IndiaNo Comments

INDIA

Indian Govt. Aim To Offer 2000 Free Online Courses Through its Program Swayam

In a bid to promote affordable education, Human Resource Development Minister Prakash Javadekar today said the government aims to offer about 2,000 online courses within one year through Swayam an indigenously developed platform. "Currently, 380 courses are offered through this platform and this will be enhanced to 2,000 courses in one year", he said after inauguration of a week-long Teachers Workshop at the Indian Institute of Technology (IIT) here. About 60,000 students have already completed their courses through this affordable platform launched last year. It makes knowledge available anytime anywhere like ATM offers cash, the minister said, adding that it can be termed ATL - Anytime Learning. The platform provides high quality education on various subjects from school level (...

8Jun By Press Trust of IndiaNo Comments

INDIA

Indian Banks to start charging for P2P payments on UPI

Nearly two years after operationalisation of the Unified Payment Interface (UPI), banks have started moving to charge for peer-to-peer payments on the new platform. Countrys largest lender State Bank of India has came out with charges with effect from June 1, while the second largest private sector lender HDFC Bank has also gone public with its rate structure which will be effective July 10. "So far, no bank is charging for UPI transactions but at the same time it is at their discretion to levy a reasonable fee towards Person to Person (P2P) transactions for UPI and IMPS," National Payments Corporation of Indias chief operating officer Dilip Asbe said in a statement. A senior NPCI official explained that worldover, charges are levied for such transactions and added that in case of...

Trai Launches MyCall App For Subscribers to Rate Call Quality

6Jun By Press Trust of IndiaNo Comments

INDIA

Trai Launches MyCall App For Subscribers to Rate Call Quality

The telecom regulator Trai today launched a new app that would enable subscribers to rate the quality of a phone call. The new MyCall app, along with updated and enhanced versions of MySpeed app and Do Not Disturb app are amongst a slew of web initiatives unveiled by the Telecom Regulatory Authority of India (Trai) today. "As the mobile subscriber base increases, it is important that we continue to get feedback from the customers. The MyCall app will enable mobile phone users to rate their experience about call quality and help Trai gather data on a real time basis," Trai chairman RS Sharma said. After a call ends, the Android app allows users to select their rating and indicate whether the call was made indoor, outdoor or while travelling. Subscribers can also provide addition...

2Jun By PriyankaNo Comments

INDIA

Indian State Telangana launches Its Own e-wallet

One of India's leading technology based developed state Telangana has launched country's first official state e-wallet called T-wallet. The newly launched e-wallet offers any digital payments with in the state with no additional charge for the citizens. The Microsoft Accelerator alum startup Transaction Analysts has partnered with Telangana to develop T-Wallet which uses two factor authentications, through Aadhaar+Biometric or Aadhaar+OTP to Aadhaar linked mobile number, for feature and no phone users. Using this platform, citizens not only can make payments to government and private organisations towards various services but also receive the benefits from government like pensions, scholarships and MGNREGS wages. Unique Identification Authority of India (UIDAI) chairman J. Saty...