There are lots of misconceptions with regards to currency deposition in banks. These FAQs have been answered by Revenue Secretary Dr. Hasmukh Adhia on the actions taken by Income Tax Department in respect of old currency deposited in banks: Q.1 A lot of small businessmen, housewives, artisans, workers may have some cash lying as their […]
In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India has decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016. The […]
Minister of Textile Smriti Zubin Irani will inaugurate a fortnight long Exhibition cum sale of Handicrafts developed by Artisans of Clusters at Dilli Haat today evening i.e. on 2nd November 2016 at 6 P.M. This fair is being promoted and marketed by Council of Handicrafts Development Corporations (COHANDS), with financial assistance from the office of […]
NITI Aayog has launched an index to rank States and UTs that is based on implementation of seven provisions proposed under model APMC (Agricultural Produce Market Committee) Act, joining eNAM initiative, special treatment to fruits and vegetables for marketing and level of taxes in mandis. These indicators reveal ease of doing agribusiness as well as opportunities […]
Made in India cars are being lapped up at an increasing rate in Vietnam. As per the latest statistics issued by General Department of Vietnam Customs, India is now the third biggest exporter of cars to Vietnam, after Thailand and South Korea. India exported 11,103 units in the first nine months of this year at […]
It is good news for India! The World Bank has recently released a Logistics Performance Index (LPI) 2016 report titled “Connecting to Complete 2016”. The Logistics Performance Index Report is published by World Bank every two years. India has now been ranked 35 amongst 160 countries compared to rank of 54 in LPI 2014. This […]
Popular cab service Ola has reportedly shutdown TaxiForSure (TFS) as it intends to reduce the cash burn in an intensively competitive market. Although the company has refused to divulge any details on the number of employees losing their jobs, it is estimated that 500 – 700 jobs will be cut. An Ola representative who refused […]
The slump in the PC market has stumped us all. About a decade ago, anyone who would have prophesized that PCs will go out of favor would have been called a fool. But, the harsh reality is that smartphones have taken over the world as the preferred communication/entertainment device, and are causing pain to PC […]
While a majority of other regions are struggling to maintain their PC sales, Philippines is defying the trend to continue its outperformance, reports IDC. The PC shipments hit a record high in Q1 2016, reaching 518,645 units at a growth rate of 7% YoY. The infographic below clearly suggests that consumers are driving the PC […]
