New Delhi, Jan 30 : Led by a sharp rise in software spending, technology spending in India will grow by 12 per cent in 2018, Forrester’s latest India tech market outlook said on Tuesday. Software spending is likely to be about 11 per cent of the country’s tech spending in 2018. While it is usually […]
Category: Business
Ola to ride in Australia to take on Uber
Bengaluru, Jan 30 : Indian online cab aggregator Ola on Tuesday announced its entry into the international market, starting with Australia, to take on its American rival Uber. “We have begun recruiting private hire vehicles and drivers in Sydney, Melbourne and Perth from Tuesday, with rides expected to begin in the coming weeks,” a company […]
Economic Survey ‘pragmatic’, forward looking: India Inc
New Delhi, Jan 29 : India Inc on Monday hailed the Economic Survey 2017-18 as “pragmatic” and being on the dot in identifying agriculture, education and employment as the key priority areas. The Survey tabled in Parliament on Monday by Finance Minister Arun Jaitley addressed various reforms and issues like the Goods and Services Tax (GST), […]
As petrol, diesel prices rise, CEA calls to bring them under GST
New Delhi, Jan 29 : Amid spiralling petrol and diesel prices, Chief Economic Advisor Arvind Subramanian on Monday called for petroleum products to be brought under the ambit of the Goods and Services Tax (GST). He also made a case for one rate under the GST for all goods and services down the line. “Petroleum products, […]
Korean war, Middle East strife threats to global growth: Economic Survey
New Delhi, Jan 29 (IANS) The Economic Survey 2017-18 has listed out geo-political and geo-economic risks, like the tensions in the Korean peninsula and the surge in oil prices due to Saudi Arabian oil company, Aramco’s listing, which may affect growth on the global level. The Survey tabled in Parliament on Monday by Finance Minister […]
Reforms, infra development improved business environment: Economic Survey
New Delhi, Jan 29 : Steps taken towards development of inclusive “employment-intensive” industry, and building of “resilient infrastructure improved the overall business environment, said the Economic Survey 2017-18 released on Monday. The Economic Survey tabled in Parliament highlighted that the central government has initiated industry-specific reforms in the steel, apparel, leather and power sectors. The survey […]
Taxpayers base increased after demonetisation: Economic Survey
New Delhi, Jan 29 (IANS) The Economic Survey 2017-18 which was presented in Parliament by Finance Minister Arun Jaitley on Monday said that there was an increase in the number of taxpayers post-demonetisation. “… Taking seasonality into account it is found that there is a 0.8 per cent monthly trend increase in new tax filers […]
GST has stabilised, opportunity for rationalisation: Jaitley
New Delhi, Jan 27 : Days after he GST collections picked up after falling for two straight months, Union Finance Minister Arun Jaitley on Saturday said the GST structure had stabilised, which offered an opportunity to further rationalise tax rates and increase the tax base. Ahead of the Union Budget announcement on February 1, the Minister […]
Vegetable, fruit exports dip by 15 per cent
New Delhi, Jan 27 : Exports of fresh fruits and vegetables have slumped by 15 per cent in terms of revenue during April-November 2017, apart from a substantial dip in the export of pulses and wheat. Low demand and supply of onions, tomatoes, bananas and raisins to the top exporting markets was the major contributing factor, […]
GST collections pick up after falling for two straight months
New Delhi, Jan 25 : After falling for two consecutive months, revenue collections under the Goods and Services Tax (GST) picked up and touched Rs 86,703 crore in December compared to Rs 80,808 crore in November. “Total revenue collections under GST for the month of December 2017 (received up to January 24) has been Rs […]