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Tax free Rs 20 lakh gratuity for employees may be a reality soon

By   /  January 14, 2018  /  Business  /  Comments Off on Tax free Rs 20 lakh gratuity for employees may be a reality soon

New Delhi, Jan. 14 (PTI): Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free INR 20 lakh gratuity. At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free […]

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Aadhaar biometric lock, a lesser-known security feature

By   /  January 14, 2018  /  Business  /  Comments Off on Aadhaar biometric lock, a lesser-known security feature

New Delhi, Jan. 14 (PTI): Long before it brought in an extra firewall for privacy with the proposed virtual IDs, the Aadhaar-issuing authority UIDAI had set in place a ‘biometric lock’ as an additional layer of protection against outside intrusions or breach. A lesser-known feature, the biometric lock in existing Aadhaar system is aimed at […]

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GDP growth not justifiable unless benefits reach farmers – FM

By   /  January 14, 2018  /  Business  /  Comments Off on GDP growth not justifiable unless benefits reach farmers – FM

New Delhi, Jan. 14 (PTI): Ahead of the Budget, Finance Minister Arun Jaitley today said the agriculture sector is the top priority for the government because the country’s economic growth is not “justifiable and equitable” unless the benefits are “clear and evident” in the farm sector. Therefore, the government’s priority is to ensure the gains […]

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AirAsia India cautions job-seekers against frauds

By   /  January 14, 2018  /  Business  /  Comments Off on AirAsia India cautions job-seekers against frauds

Bengaluru, Jan. 14 (PTI): After a few fraudulent job emails in its name surfaced, AirAsia India has cautioned job-seekers against “certain recruitment agencies” attempting to mislead people by fictitiously posing as employees of the budget carrier. Some aspiring crew officials recently received emails in the name of “AirAsia Airlines Limited”, which said the company has […]

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WEF ranks India 30th on global manufacturing index; Japan tops list

By   /  January 14, 2018  /  Business  /  Comments Off on WEF ranks India 30th on global manufacturing index; Japan tops list

New Delhi/Geneva, Jan. 14 (PTI): The World Economic Forum (WEF) has ranked India at 30th position on a global manufacturing index — below China’s 5th place but above other BRICS peers, Brazil, Russia and South Africa. Japan has been found to have the best structure of production in the Geneva-based WEF’s first ‘Readiness for the […]

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Parekh to build stronger Infosys, connect with founders

By   /  January 13, 2018  /  Business  /  Comments Off on Parekh to build stronger Infosys, connect with founders

Bengaluru, Jan. 13 (IANS): Terming the global software major a phenomenal company started by people with a great vision, newly-appointed Chief Executive Salil Parkeh on Friday exuded confidence in building a stronger Infosys. “This is a phenomenal company, started by people with a great vision, which I think is going to last a long time. […]

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Capital First to merge with IDFC Bank

By   /  January 13, 2018  /  Business  /  Comments Off on Capital First to merge with IDFC Bank

Mumbai, Jan. 13 (IANS): NBFC firm Capital First will merge with IDFC Bank, subject to subject to regulatory and shareholder approvals. An official announcement made on Saturday said that Boards of Directors of the two companies at their respective meetings approved a merger of Capital First with IDFC Bank. “Pursuant to the merger which is […]

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GST beneficial but need to rationalise expenditure — Gopinath

By   /  January 13, 2018  /  Business  /  Comments Off on GST beneficial but need to rationalise expenditure — Gopinath

Thiruvananthapuram, Jan. 13 (PTI): The Goods and Services Tax is beneficial to Kerala and though revenues in the new tax regime are expected to go up in the next six months, there is still a need to rationalise expenditure, economist Gita Gopinath said today. “The expectation is revenues from GST will go up after six […]

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Manufacturing lifts India’s November factory output by 8%

By   /  January 13, 2018  /  Business  /  Comments Off on Manufacturing lifts India’s November factory output by 8%

New Delhi, Jan. 12 (IANS): An exponential rise in the manufacturing output lifted India’s factory production by over 8 per cent in November from a rise of 1.99 per cent in October and a 5.1 per cent growth during the corresponding period of 2016-17. As per the data released by the Central Statistics Office (CSO) […]

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Tax Department logs sharp rise in prosecution of tax evaders

By   /  January 13, 2018  /  Business  /  Comments Off on Tax Department logs sharp rise in prosecution of tax evaders

New Delhi, Jan. 12 (IANS): The Income Tax Department has recorded a sharp increase in prosecutions of tax evaders following an intensified drive against black money, the government said on Friday. During the first eight months of 2017-18 ending November, tax authorities filed prosecutions in 2,225 cases, as against the 784 cases in the corresponding […]

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