‘Make in India’ needs ex-servicemen

‘Ex-servicemen engineers and technicians are true professionals worthy of being ‘Make in India’ agents.’ ‘They can be trusted to bring long term dividends — it is in their character to be long term loyalists!’ says Air Marshal P V Athawale (retd). During interaction with MBA students at an IIT, I asked “Do you know any national industry bigger… Read More »

Interest rate on Public Provident Fund cut to 8.1%

The popular five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present. In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them… Read More »

Govt allows 49% FDI in insurance under automatic route

Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 per cent stake in domestic insurers without prior approval. Currently, foreign direct investment up to 26 per cent is permitted through automatic approval route. For FDI up to 49 per cent, the approval of Foreign Investment… Read More »

Artisans, workers exempt from 1% excise on jewellery: FinMin

In a bid to calm the frayed nerves of jewellers agitatingagainst imposition of 1 per cent excise duty, the finance ministry on Friday said artisans and job workers will not have to pay this levy. Following a meeting of representatives of jewellery industry with the revenue secretary, the finance ministry said: “Artisans and job workers are not covered… Read More »

‘The economy is sending mixed signals. That is the truth’

Chief Economic Advisor Arvind Subramanian, bottom, left, tells Shekhar Gupta on NDTV’s weekly show Walk The Talk why it is now difficult to do a repeat of 1991. It is one thing to be the chief economic advisor. Do governments take anybody’s advice? Oh, absolutely, I am pleasantly surprised by how much opportunity has been afforded to me.… Read More »

Jack Ma’s Alibaba set to take on Jeff Bezos’ Amazon in India

Just when Indian e-commerce was losing its mojo and all that one heard was valuation markdown, Chinese major Alibaba has promised to keep things hot. So far a passive investor in companies such as Kunal Bahl-backed Snapdeal and Vijay Shekhar Sharma-led One97Communications that operates Paytm, Alibaba has announced its entry into Indian e-commerce. If it does, Jack Ma’s… Read More »

In 4G battle, spectrum deal may push Airtel to centre stage

The winner, they say, takes it all. This could not be more true for India’s telecom business, where the top two players in any circle or service area tend to cream the market. By acquiring airwaves in the 1,800-MHz band in six circles, Bharti Airtel is preparing to achieve just that. By buying spectrum in the 1,800-MHz band,… Read More »

Investment in penny stocks under tax scanner

After the securities market regulator, the income tax department has clamped on individuals misusing the stock exchange platform for evading taxes and converting black money into white. The Central Board of Direct Taxes (CBDT) has directed officers to open cases against individual taxpayers who have booked capital gains or losses by transacting in penny stocks. These are scrips… Read More »

Panasonic touts latest Toughpad devices as world’s lightest fully rugged handhelds

Panasonic has updated its Toughpad line of ruggedised mobile devices with the Toughpad FZ-F1 and FZ-N1. The two models have a 4.7in display running Android or a version of Windows 10 Mobile, and are claimed as the lightest fully rugged handheld tablets for business. The Toughpad FZ-F1 and Toughpad FZ-N1 were announced at Mobile World Congress in Barcelona… Read More »

Top 10 smartphones for 2016: Galaxy S7, LG G5, iPhone 7 and Xperia X

2016 is already shaping up to be a great year for smartphones, with February’s Mobile World Congress giving a morish taste of the creations and surprises to come. 2015 saw manufacturers attempting to thrive in a crowded market by introducing their own quirks and innovations, from the iPhone 6S’ force-sensitive 3D Touch tech to the Sony Xperia’s Z5… Read More »