Monday, November 25

Tag: Narendra Modi

Everything You Need To Know About ASEAN Members and India
25Jan By RishabhNo Comments
News

Everything You Need To Know About ASEAN Members and India

What is ASEAN? ASEAN- The Association of Southeast Asian Nations is a regional intergovernmental organization, founded in 8 August 1967 that comprises of ten Southeast Asian countries which promotes unity of Asian peoples and resist the Western imperialism and colonialism and promote Asian values over European values. The association of ten nations includes these 10 states- Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. 1 Observer – Papua New Guinea. The association was however founded in by the five original member countries- Indonesia, Malaysia, Philippines, Singapore and Thailand. The organization’s membership later expanded to include Brunei, Cambodia, Laos, Myanmar and Vietnam. ASEAN works on finding measures to i...
Read More
Modi Emerges As Most Tweeted About World Leader After Trump
6Dec By Press Trust of IndiaNo Comments
INSPIRATIONAL

Modi Emerges As Most Tweeted About World Leader After Trump

Prime Minister Narendra Modi has emerged as the "most tweeted about world leader" after US President Donald Trump in 2017, micro-blogging site Twitter said today. Two postings of former US president Barack Obama were among the top three most-liked tweets of 2017. Obama's tweet "No one is born hating another person because of the colour of his skin or his background or his religion..." was the second most retweeted tweets of the year.   "No one is born hating another person because of the color of his skin or his background or his religion..." pic.twitter.com/InZ58zkoAm — Barack Obama (@BarackObama) August 13, 2017 A tweet by Carter Wilkerson "Help me please... a man needs his nuggs" which was retweeted 3.6 million times was the most retweeted tweet of this year, acco...
Read More
India sees growth rebound as businesses adjust to GST
1Dec By reutersNo Comments
INDIA

India sees growth rebound as businesses adjust to GST

India’s economic growth rebounded in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax. Data released on Thursday showing faster growth could help Prime Minister Narendra Modi, who has been facing criticism over the hasty July launch of a goods and services tax (GST). The tax was aimed at transforming India’s 29 states into a single customs union but it has hit millions of small businesses due to complex rules and technical glitches.  Gross domestic product grew 6.3 percent in July-September, its fastest pace in three quarters, compared with 7.5 percent a year earlier, the data showed. Analysts polled by Reuters had forecast annual growth of 6.4 percent in the q...
Read More
Nissan Sues India Over Outstanding Dues; Seeks Over $770M
1Dec By reutersNo Comments
INDIA

Nissan Sues India Over Outstanding Dues; Seeks Over $770M

Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters. In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives due from the Tamil Nadu government as part of a 2008 agreement to set up a car manufacturing plant in the southern state. According to the notice, Nissan said repeated requests to state officials for the payment, due in 2015, were overlooked and even a plea by the company’s chairman, Carlos Ghosn, to Modi in March of last year seeking federal assistance did not yield any results. The notice, sent by Nissan’s lawyers in July 2016, was followed by more th...
Read More
Bank Recapitalisation ‘Historic’, Will Boost Business: Amit Shah
25Oct By Press Trust of IndiaNo Comments
INDIA

Bank Recapitalisation ‘Historic’, Will Boost Business: Amit Shah

Hailing the Centres announcement of Rs 2.11 lakh crore for bank recapitalisation as "historic", BJP chief Amit Shah has said the move will not just give an impetus to businesses, but also provide employment to the youth. सरकारी बैंकों के लिए ₹2.11लाख करोड़ के कैपिटलाइजेशन प्लान को मंजूरी देने के ऐतिहासिक निर्णय पर @narendramodi जी व @arunjaitley जी का अभिनंदन pic.twitter.com/ddhHfURfJE — Amit Shah (@AmitShah) October 24, 2017 He also hailed the announcement on Rs 6.92 lakh crore spending on infrastructure. The BJP national chief congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the bank recapitalisation decision, terming it as "historic". In a tweet last night, Shah said the "courageous" decision will not only give impetus to businesses but als...
Read More
Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs
17Aug By RishabhNo Comments
INDIA, News

Indian PM Narendra Modi To Meet 200 Startup Entrepreneurs And CEOs

Prime Minister Narendra Modi is set to meet 200 startup entrepreneurs and CEOs who have set up successful business right from the scratch; today to discuss on a range of issues including job creation, income growth and innovation at a session organized by federal policy think tank NITI Aayog. (more…)
Read More
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...
Read More
Impact of GST on Startup and Businesses
27Jun By AnkitaNo Comments
ANALYSIS

Impact of GST on Startup and Businesses

Goods & Services Tax (GST) is a consolidated, consumption based tax which will be levied on the supply of goods and services at a national level. It will combine major taxes like excise duty, CST, octroi, service tax, and VAT (value added tax) etc. into a single tax called GST, which will come into effect starting July 1st, 2017. Here are some of the ways startups and other common businesses will be impacted by GST-   Small traders with an annual turnover of up to Rs. 20 lakh won’t be required to register the new GST Act, and with the north-east States, the exemption threshold is Rs.10 lakh. This would save many small scale traders and service providers from undertaking GST agreements and reduce a substantial weight off the shoulders of tax authorities.   The GST in...
Read More
India Scraps Foreign Investment Advisory Body
25May By reutersNo Comments
INDIA

India Scraps Foreign Investment Advisory Body

India on Wednesday scrapped a ministerial panel responsible for coordinating foreign investments, part of reforms that Prime Minister Narendra Modi is implementing to boost funding of local industries from overseas. Set up soon after India embarked on its first market reforms in 1991, the Foreign Investment Promotion Board (FIPB) was tasked with approving foreign investments proposals. Its decisions often become bogged down in infighting between government ministries, leading to delays in investment projects. Finance Minister Arun Jaitley said the cabinet had agreed to abolish the FIPB, in line with a budget pledge he made in February. Foreign investments would in future be cleared by individual ministries. Since taking office in 2014, Modi has gradually eased restrictions for ...
Read More
Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India
23May By PriyankaNo Comments
News

Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India

The government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its Make in India Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. .@elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications#MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after ma...
Read More
Another U Turn, 2500 Rs Per Ticket is not The Fixed Price Under UDAN Scheme
11May By PriyankaNo Comments
INDIA

Another U Turn, 2500 Rs Per Ticket is not The Fixed Price Under UDAN Scheme

Airfares as well as the government subsidy for airlines under the regional air connectivity scheme will be revised every three months depending on inflationary trends. The scheme UDAN (Ude Desh ka Aam Naagrik) provides for cap on air ticket prices and viability gap funding (VGF) for the participating carriers. The Civil Aviation Ministry has said caps on air ticket prices and VGF under the scheme would be revised on a quarterly basis. While airfares would be linked to inflation, VGF would be decided after taking into consideration inflation, cost of aviation turbine fuel and the rupee-dollar exchange rate. UDAN, that seeks to connect un-served and under-served airports as well as make flying more affordable, kicked off with the first flight taking off last month from Shimla to ...
Read More