After GST, this is Modi’s next big reform agenda

After GST, this is Modi’s next big reform agenda

After GST, this is Modi’s next big reform agenda Source : The Financial Express With a landmark goods and services tax now rolling out across India, Prime Minister Narendra Modi is likely to turn his focus to job creation and other key economic reforms. Further big structural steps, such as revamping India’s land acquisition and labour laws, are unlikely to occur before the next national election, scheduled for 2019, as Modi’s Bharatiya Janata Party still lacks a majority in the upper house of parliament. Instead, analysts suggest the BJP is…

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Caution! why we should surrender surplus bank accounts

Caution! why we should surrender surplus bank accounts

Why You Should Close Your Surplus Bank Accounts Source : BankBazaar.com People often end up with multiple Savings Accounts either because they operate through them or they forget to close their old account. Old salary accounts, for example, are often left active even when not operational. Closing such accounts can be financially beneficial and here’s why we say that. Maintaining minimum balance can lead to unnecessary expenses Most Savings Account requires you to maintain a minimum monthly balance or an average quarterly balance. The minimum balance ranges between Rs. 5,000…

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GST Launched : Fissures In Opposition

GST Launched : Fissures In Opposition

Fissures In Opposition Appear As Top Leaders Attend Midnight GST Launch Source : India Today New Delhi: At midnight in parliament’s Central Hall when President Pranab Mukherjee and Prime Minister Narendra Modi launched the new tax system, the Goods and Services Tax (GST), they were joined by former Prime Minister HD Deve Gowda and top opposition leaders including NCP chief Sharad Pawar, Praful Patel. The Congress, the Trinamool Congress, the Left, the DMK, the NC and the RJD and some other parties skipped the event, calling it a “tamasha” (drama)….

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Essar sells BPO company Aegis

Essar sells BPO company Aegis

Essar sells BPO company Aegis for $275-300 mn Ruias-led Essar Group on Monday announced sale of its BPO company Aegis to Singapore-based private equity fund manager Capital Square Partners for an estimated $275 to 300 million. The sale marks Essar’s complete exit from BPO business. Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for $610 million. With its US subsidiary gone, Aegis’ headcount and revenue were reduced substantially. Since then,…

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India added 5,400 MW wind power capacity in last fiscal

India added 5,400 MW wind power capacity in last fiscal

India added 5,400 MW wind power capacity in last fiscal Source: IANS New Delhi, April 2 (IANS) India added over 5,400 MW of wind energy generation capacity during 2016-17 — bettering its target of 4,000 MW, an official said on Sunday. “The Ministry of New and Renewable Energy (MNRE) has set a record in wind power generation capacity by adding over 5,400 MW in 2016-17 against a target of 4,000 MW,” a ministry statement here said. This surpassed the previous higher capacity addition of 3,423 MW in 2015-16, it added….

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Xiaomi aims to create 20,000 jobs in India

Xiaomi aims to create 20,000 jobs in India

Xiaomi aims to create 20,000 jobs in India Source:IANS In his address at the Economic Times Global Business Summit 2017, Lei said that the company has made major strides in a very short time. He also spoke about China’s “Internet Plus” policy which “the Chinese premier started in 2015”. “Internet plus action plan is a new form of economic plan where internet is integrated with traditional industries encouraging to the spirit of excellence in these industries and drive economic growth,” he said, adding the policy elevates internet to become the…

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Chinese PM warns world

Chinese PM warns world

Chinese PM warns world entering period of political and economic upheaval Source: The Guardian China’s prime minister has warned the world is entering a period of profound political and economic upheaval as the spectre of Donald Trump hung over the opening day of the country’s annual national people’s congress. Speaking in the Great Hall of the People, Li Keqiang urged China to brace itself for “more complicated and graver situations” ahead, as a result of developments’ “interwoven risks and dangers both at home and abroad. “The factors that could cause…

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Demonetisation : India loses 11 billionaires

Demonetisation : India loses 11 billionaires

India loses 11 billionaires after demonetisation, Mukesh Ambani still richest Source:Livemint New Delhi: India’s richie rich club has shrunk by 11 people since demonetisation last November, while Mukesh Ambani remains the richest Indian with a net worth of $26 billion, a study showed on Tuesday. The country now has 132 billionaires with a net worth of $1 billion or more and the cumulative wealth of ultra- rich individuals stood at $392 billion, according to Hurun Global Rich List India. Though there has been a fall in number of billionaires in…

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Flipkart to hire 20-30% more this year

Flipkart to hire 20-30% more this year

Flipkart to hire 20-30% more this year Source: Livemint New Delhi: E-commerce major Flipkart is looking to hire 20-30% more people in 2017 compared to last year even as rival Snapdeal hands out pink slips to its employees. The Bengaluru-based firm, which is locked in an intense battle with the US-based Amazon for leadership in the Indian market, will hire mostly laterals this year. “Our 2017 hiring plans are calibrated to the growth momentum we are seeing and we expect it to be somewhere around 20% to 30% higher than…

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Yahoo’s top lawyer Ronald Bell quits, CEO Marissa Mayer loses bonus

Yahoo’s top lawyer Ronald Bell quits, CEO Marissa Mayer loses bonus

Yahoo’s top lawyer Ronald Bell quits, CEO Marissa Mayer loses bonus Source: The Hindu U.S. tech giant Yahoo’s top lawyer, Ronald S. Bell, has resigned and its CEO Marissa Mayer lost her 2016 bonus after a board investigation of the 2014 theft of information on over 500 million user accounts, the media reported. Senior executives, company lawyers and information security staff were aware of the hack and also knew about subsequent attempts to break into the affected accounts in 2015 and 2016 but failed to “properly comprehend or investigate” the…

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