December 21st, 2016Government today said small traders will be able to save up to 46 per cent in tax by migrating from cash to digital transactions as the decision to tweak the presumptive income norms would reduce tax liability.
"Apart from making a tax saving of almost 46 per cent by migrating to banking mode, the small businesses would be able to...
December 5th, 2016Prime Minister Narendra Modi has won the online reader's poll for TIME Person of the Year 2016, beating out other world leaders like US President-elect Donald Trump, incumbent US leader Barack Obama and Russian President Vladimir Putin.
Modi won with 18 percent of the vote when the poll closed last night, getting significantly more...
November 28th, 2016As calls for going cashless grow louder in India, a key challenge being faced globally is to check the continuing rise in the total value of currency in circulation and their share in the overall GDP -- a trend particularly visible in the US, Switzerland and Euro area.
With Prime Minister Narendra Modi's sudden move to cancel the...
November 9th, 2016Terming the decision to demonetise Rs 500 and Rs 1,000 currency notes as a "master stroke", IT czar N R Narayana Murthy today said the move will address issues like black money and corruption and also help the economy become more digital.
"Prime Minister is working hard to reduce corruption. Black money is a scourge on any developing...
November 3rd, 2016Leading global professional network LinkedIn today said it has signed an agreement with the human resource development ministry to create more job opportunities for Indian students.
As part of the MoU, LinkedIn's 'Placements' product will be adopted by all Indian colleges affiliated with All India Council for Technical Education...
September 14th, 2016To give a fillip to Prime Ministers vision of Startup India, the state government today launched Startup Chhattisgarh initiative here to foster entrepreneurship and promote innovation.
Youths have no dearth of ideas. Lots of creative ideas take shape in their mind. They should convert them into business ideas according to the need of...
September 12th, 2016In a bid to boost innovation at premier institutions, an agency will soon be set by the government to provide funds up to Rs 20,000 crore for building research-oriented infrastructure at IITs, IIMs and other centres of higher education.
The HRD Ministrys proposal to this effect was cleared at a meeting of the Union Cabinet chaired by...
August 4th, 2016The US India Business Council has termed the passage of GST bill by the Indian Parliament as a "game-changer", saying it is a significant milestone in efforts to improve the countrys ranking in World Banks ease of doing business index.
The council congratulates Indian Government and members of Parliament for approving the Constitution...
June 30th, 2016Chinese smartphone maker Xiaomi today said it is not seeking exemption from Indian government to fulfil the 30 per cent local sourcing norm, as it already makes 75 per cent of devices locally that are sold in India.
"We are manufacturing 75 per cent of devices that we sell in India locally. From that perspective, we dont need any kind...
June 24th, 2016With the Centre approving Rs 10,000 crore Fund of Funds for Startups, the Small Industries Development Bank of India (SIDBI) has ramped up its start-up funding operations to boost the sector.
"SIDBI has ramped up the start-up funding operations to boost Start-up India initiative with the launch of funds like unique India Aspiration Fund...
June 23rd, 2016The government today approved Rs 10,000 crore Fund of Funds for Startups to support them with an aim to generate employment for 18 lakh persons.
"The fund is expected to generate employment for 18 lakh persons on full deployment...A corpus of Rs 10,000 crore could potentially be the nucleus for catalysing Rs 60,000 crore of equity...
June 20th, 2016Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday.
The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally.
That would allow...
