india

E-com policy, data localisation figure in Indo-US trade talks

However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference. Illustration: Dominic Xavier/Rediff.com Issues like India’s draft e-commerce policy, data localisation, high import duties imposed by America on steel and aluminium figured during the meeting between visiting US Commerce […]

india

Why we vote the way we do

‘What aspect of the air strikes would make it possible for a voter to change her mind?’ asks Aakar Patel. The Indian attack on Pakistan is being bandied about as the thing that will swing the election in favour of the prime minister. The nation, or large parts of it, was dismayed by the pusillanimity […]

india

Right time to invest in small-cap funds?

Exposure to these funds should not exceed 10% to 15% of the equity portfolio and the investment horizon should be at least seven years. Small-cap funds have been among the worst-performing categories of equity funds over the past year, with a category average return of -11.63%. A primary reason is that this segment had been […]

india

Softbank seen to invest $2-3 bn in Jio, as Mukesh is keen to cut debt

It, however, remains to be seen how much money Softbank actually puts in, what the implied equity valuation is and if the e-commerce venture is included in the Jio entity. Illustration: Dominic Xavier/Rediff.com Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani […]

india

Tax dept may pitch for lower I-T target when next govt presents Budget

CBDT feels 30% growth in income-tax not feasible.Dilasha Seth reports.Illustration: Dominic Xavier/Rediff.com The income-tax department will likely pitch for a reduction in the I-T target for the current fiscal year when the next government presents the Budget, because the previous fiscal year’s target was missed. If unchanged, the department may have to chase a personal […]

india

A 4-point formula to boost farm economy

The formula for success of farm economy is very simple — farmers should be able to produce more from the same piece of land at reduced cost while minimising risk and be connected to market to get higher realisation for their produce, points out Siraj Chaudhry. Illustration: Dominic Xavier/Rediff.com. The agriculture sector was quite the […]

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A rare case, when I-T withdrew money from start-up accounts

It’s not unusual for the tax departments to freeze bank accounts and there have been instances of the authorities recovering the outstanding from the bank, though such course of action is not common. Illustration: Dominic Xavier/Rediff.com The income-tax (I-T) department’s aggressive action against two start-ups – TravelKhana and Babygogo – due to ‘unexplained cash’ has […]

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Goyal bets the farm on rural sector in election year push

The government’s largesse was widely expected after the ruling Bharatiya Janata Party lost power in the recent assembly polls in three Hindi heartland states, where rural distress was cited to be one of the reasons for the defeat of the saffron party.  Illustration: Dominic Xavier/Rediff.com. To woo distressed farmers ahead of general polls, the Centre […]

india

10 lakh patients treated so far under Ayushman Bharat

Goyal also said the government has been providing cheaper drugs through Jan Aushadhi stores. Illustration: Dominic Xavier/Rediff.com Finance Minister Piyush Goyal on Friday said 10 lakh patients have been treated so far under the Ayushman Bharat scheme, the world’s largest health care programme. Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said […]