Monday, November 18

Tag: PM Modi

How Indian Startups Congratulate PM Narendra Modi For Second Term
24May By NitishNo Comments
INDIA

How Indian Startups Congratulate PM Narendra Modi For Second Term

Indian startups who received support from the Indian government under "Startup India, Standup India" programme led by Indian PM Narendra Modi's in the first term congratulates PM Modi for the victory and second term. Most of the startups are hopeful that under second term Modi government will take strong steps against painful Indian angle tax. "The 68 million grassroots businesses in India which have been making a significant contribution to the National GPD, need a continued benevolent approach from the Government.  The Government Policies need to focus on creating a supportive ecosystem which empowers micro enterprises to create globally competitive products rather than granting loan waivers which only leads to dependency and inadequacy in the sector. While a lot of work has been...
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5 Points You Must Know on What PM Modi Said About Startups
7Jun By Gauri SinghNo Comments
News

5 Points You Must Know on What PM Modi Said About Startups

On Wednesday, our honourable Prime Minister Narendra Modi had a live conversation with the startups across the country who have benefited from the Startup India Policy as well as with student innovators who are a part of Atal Innovation Mission’s Tinkering Labs. With the aim to promote young entrepreneurs in the country, the prime minister focused his conversation all over the growth and funding of the beginners in the field of business. During the interaction, Modi showed his appreciation by clapping impulsively at some of the comments and ideas of the entrepreneurs, and even when some of the government’s schemes were highly praised by the participants. In this regard, he said a few important things about startups that are worth nothing.   Startup India Highlights: What PM had...
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Budget 2018: Instead of Increasing Tax Exempted Income to 3 lacs, Govt. Implied Standard Deduction To Reward Honest Taxpayers
2Feb By Press Trust of IndiaNo Comments
News

Budget 2018: Instead of Increasing Tax Exempted Income to 3 lacs, Govt. Implied Standard Deduction To Reward Honest Taxpayers

Tax-free income for salaried class and pensioners has been raised to Rs 2.9 lakh by way of a Rs 40,000 standard deduction and not by hiking exemption limit as the government wanted the benefit to accrue to honest tax payers, Finance Secretary Hasmukh Adhia said today. The standard deduction, which replaces tax-free transport allowance of Rs 1,600 per month (Rs 19,200 a year) and medical expense reimbursement of Rs 15,000 per annum, will accrue automatically to salaried class and pensioners without the requirement of furnishing proof like medical bills that is in vogue now. The provision, which forms part of the Budget for 2018- 19, will apply from April 1 after Parliament approval. Finance Minister Arun Jaitley chose the standard deduction route rather than raising tax exemption l...
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Budget 2018 : 10 Important Announcements For Middle-Class Families
1Feb By Sabhyata AgarwalNo Comments
News

Budget 2018 : 10 Important Announcements For Middle-Class Families

The Finance Minister of India, Arun Jaitley, has announced the budget for 2018-19 today. Starting off with providing the details on how the previous year's budget turned out, he mentioned how India stands out as the fastest economy in the world and now is a 2.5 trillion-dollar economy. On the basis of purchasing power, India stands as the 3rd largest economy. In the budget, the finance minister provided details covering sector like- cryptocurrencies, agriculture and rural sector, fishery and husbandry sector, health, education, economic and social sector, tourism sector and many more. He introduced impressive proposals for the financial plan, that will be affecting Indian middle-class families in various ways, that we'll be talking below. With the budget aiming at strengthening agric...
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10 Images Showing Indian Glamour at World Economic Forum 2018
24Jan By RishabhNo Comments
INDIA

10 Images Showing Indian Glamour at World Economic Forum 2018

India is indeed one of the most talked about topic at 48th World Economic Forum in Davos, Switzerland. The temperature is freezing, but the zeal is not. The World Economic Forum has witnessed great participation and applause from all around the world. PM Modi was the first Indian Prime Minister who opened the session of World Economic Forum. Accompanied by several ministers and several business delegates, he shared his views inviting global CEOs for business in India. Below are some of the amazing memories from World Economic Forum after its first day!                                    
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World Economic Forum 2018: Key Highlights After First Day of the Conference
24Jan By RishabhNo Comments
News

World Economic Forum 2018: Key Highlights After First Day of the Conference

The year is 2018 and World Economic Forum is bigger than ever, the reason is obvious- 'India'. There are several highlights that we'll be talking about later, but the World Economic Forum is perhaps one of the biggest platforms in the world on which Indian Prime Minister, Narendra Modi's hosted an opening session, sharing his views and inviting global CEOs to India for business opportunities. Accompanied by several ministers, a high-powered business delegation, and two yoga instructors who will host yoga training sessions for the entire duration of the week-long gathering, PM Modi's speech was very inspiring making every sector of the gathering, be it strong business leaders or other delegates that India has really emerged out loud and bold and will be the "future superpower". What i...
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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...
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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...
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Moody’s Raised India’s Rating Based Mainly On UPA Govts Work: P Chidambaram
20Nov By Press Trust of IndiaNo Comments
INDIA

Moody’s Raised India’s Rating Based Mainly On UPA Govts Work: P Chidambaram

Former Union finance minister P Chidambaram today claimed that US credit rating agency Moody's upgraded India's ranking based mainly on the work done by the previous UPA government. Moody's had on Friday upgraded India's sovereign credit rating by a notch to Baa2 with a stable outlook, citing improved growth prospects driven by economic and institutional reforms. "The ranking improved not because what happened yesterday but it improved based on what happened over seven or eight years. "I am happy that Moody's has raised India's ranking ... A major contribution to it was made by the UPA government and the other part of the contribution was by the present government," he told reporters here. The senior Congress leader took a swipe at the government for writing a letter to Moody's fiv...
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Smartphones Made in India? Manufacturing Ambition Hits Hurdles
2Oct By reutersNo Comments
INDIA

Smartphones Made in India? Manufacturing Ambition Hits Hurdles

India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labour and part suppliers along with a complex tax regime, industry executives say. Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan ‘Make in India’, to boost the sluggish economy and create millions of jobs. Among the headline-grabbing details was a plan to eventually make Apple iPhones in India. Three years on, as executives and bureaucrats crowded into a Delhi convention centre for an inaugural mobile congress last week, India has managed only to assemble phones from imported components. While contract manufacturers such as iPhone-maker Foxconn Technology Co and Flextronics Corp have set up base in India, one of the world’s fastest-growing smartpho...
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