The government has done away with tax deductions linked to accumulated losses, moving towards an investment-linked tax incentive scheme. In the budget for 2011-12, the government said it is withdrawing the so-called 10-A and 10-B deductions due to rampant misuse by companies. Many companies artificially lower their profits or declare losses to get the benefit […]
Anna Hazare’s broad-based anti-corruption alliance ‘India Against Corruption’ seems all set to form a new political party after Anna’s supporters voted overwhelmingly in favor of the option, according to initial trends. Anna Hazare himself said he was in agreement with the requests of his followers. “I will not be part of any party, but I […]
Google and NIIT joined hands to introduce a training service for young professionals in India. The program named ‘Google Web Academy’ aims to bridge the digital skill gap in the country and help students and professionals capitalize on the emerging job market for the online industry. Under the initiative, NIIT will be Google’s first partner […]
In its first major move after former commerce secretary Rahul Khullar took over as TRAI chief, the regulator has proposed tightening the penalties for mobile operators who flout number portability (MNP) rules and subscribers who send commercial SMSes and calls. It also suggested doing away with the so-called ‘processing fee’ on recharge coupons, thus enabling […]
Essar Oil said it has tied up credit arrangements worth Rs 5,000 crore from Indian banks to pay its sales tax bill of Rs 6,169 crore. Essar Oil is a subsidiary of Essar Energy, listed on the London Stock Exchange as ESSR. In April this year, the Supreme Court of India had rejected Essar Oil’s […]
India’s IT spending will buck the overall global slowdown and grow at a strong rate of 16.3% in dollar terms this year, International Data Corporation (IDC) said. The growth forecast is unexpectedly strong and bullish, given that Gartner recently predicted that global IT spending will grow only 3% this year. According to IDC, India’s total […]
If 2010-11 was the year of the Indian mobilephone brands, 2011-12 has been the year when they’ve crash landed to reality, according to the latest Voice & Data survey. Barring Karbonn and Lava, all the Indian mobile phone brands such as Micromax and Spice saw drops in their revenues in 2011-12, according to the survey. […]
After many stumbles, the reform of India’s massive food-subsidy system is gathering pace. Starting this month, Kochi in Kerala will be among the select few cities in India where a new public distribution system (PDS) will be tested out. Unlike the current system, the new system will not route the subsidy on food and kerosene […]
Come next year, salaried employees who earn less than Rs 8 to 9 lakhs a year will not have to through the hassle of filing their annual income tax returns. According to the budget for 2011-12, from June 2011, government would change the laws to make it unnecessary for salaried employees to file annual IT […]
Barely two weeks after launching the Android tablet version, Google has launched its Google Plus app for the iPad. The biggest advantage in using the app (and not the mobile website) is ease of use and the possibility of multi-user, free video conferencing. “There’s nothing like catching up with friends face to face. Now you […]
Uninor has launched India’s cheapest talk plan — all calls at 25 paise per minute — in its Mumbai circle. Customers will have to pay Rs 49 per month as monthly rental for the plan through an easy recharge. Earlier Videocon used to have a similar plan. Uninor’s offer is without any monthly limit on […]
WishTel has launched the second version of its tablet, called IRA THING 2. The main upgrades are in the operating system — which is now Android Ice Cream Sandwich, processor (1.5 GHz) and RAM (512 MB). IRA THING 2 also plays full HD (1080p) videos through its HDMI port. Display remains at 7 inches. Resolution […]
In keeping with recent trends, India’s exports dipped again in June, this time by 5.5%. June exports were US $25.07 billion. Thankfully, imports too dipped, faster than exports. Imports were US $ 35.37 billion with a negative growth of (-) 13.46%. Balance of Trade was comfortable at US $ 10.3 billion, compared to $13-14 billion […]
Anna Hazare has made it clear that he will not break his next fast on the basis of assurances, written or otherwise, from the Prime Minister or anyone else. His fast starting next month will end only with the passing of a strong Lokpal bill, or his death, he said. “So many people are dying […]
Inflation continued to remain above 10% in June, led by high food inflation, latest government numbers show. Overall, on an all-India basis, consumer prices were up 10.02% in June, compared to prices in June 2011. Double-digit consumer price inflation is bad news for people with fixed income, such as those on salaries and pensions. Even […]
In a big push to concretize the operational contours of the National Manufacturing Policy (NMP), the Government has established a Manufacturing Industry Promotion Board (MIPB) for matters pertaining to the implementation of the National Manufacturing Policy. Along with the MIPB, the Government has also notified Board of Approval, Green Manufacturing Committee and High Level Committee. […]
Google has launched a unique $1000-guarantee scheme for online shoppers n the United States, called ‘Google Trusted Stores’. Under the project, consumers can opt in to get up to $1,000 “lifetime purchase protection” per shopper. Google has a dedicated customer service team to resolve online shopping disputes between customers and stores that have the ‘Google […]
If you have always wanted to know how Google works and how you can use the world’s biggest search engine to your advantage, your chance is here. Google Inc is bringing its marketing conference, ‘Google g|days’ for the first time to India. The free conferences are aimed at both businesses and developers, with the first […]
India, under the Congress-led UPA goverment has faced scams, corruption, controversies, mass movements, a doubling of petrol prices and relentless inflation. But through everything, there was one thing that held it all together — economic growth. Even as the rest of the world was mired in recessions and slow downs, India congtinued to grow at […]
Indian fans of AMD finally have something to cheer about – the latest AMD Trinity laptops are here in India. However, only one model, from HP, seems to have been launched yet. AMD Trinity is the most advanced version of AMD’s ‘Fusion’ series of chips that combine both the CPU and a graphics core or […]
