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  • Modi may give India its 1st employment policy in next budget
    on December 15, 2017 at 3:30 am

    NEW DELHI: India will soon have its first national employment policy that will outline a comprehensive road map for creation of quality jobs across sectors through economic, social and labour policy interventions. The move is aimed at addressing the crucial issue of job creation in the country.The policy is likely to be announced in the upcoming Budget, the last full one that will be presented by this government before general elections in 2019.The multi-pronged employment policy will include […]

  • Now you have till March 31 to link your phone & Aadhaar
    on December 15, 2017 at 2:48 am

    62054990 NEW DELHI: The Centre on Thursday accepted the Supreme Court's suggestion to extend the Aadhaar-mobile phone linkage deadline from February 6 to March 31, the date now set by the government for seeding Aadhaar in all schemes, including bank accounts.Amid forceful arguments from petitioners represented by a host of senior advocates led by Shyam Divan for a stay on making Aadhaar mandatory till the SC decides its validity, the apex court suggested to attorney general K K Venugopal that […]

  • In Focus: Top stocks to track in today's trading session
    on December 15, 2017 at 2:27 am

    Domestic equity markets are likely to witness a gap-up opening on Friday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. The stock market will also cheer the exit poll results released after trading hours the previous evening that showed the Bharatiya Janata Party will retain its two decade stronghold on Gujarat and clinch victory in Himachal Pradesh from the Indian National Congress. At 8.00 am (IST), Nifty futures trading on SGX were trading 71 points up […]

  • Dubai will no longer be the dream destination for money launderers. Here's why
    on December 15, 2017 at 1:22 am

    MUMBAI: From January 1, Dubai will lose some of its charm for money launderers with the United Arab Emirates (UAE) imposing value-added tax (VAT). The new and the first-ever tax in the Gulf region will not only make laundering more expensive but compliance with VAT regulations will leave a paper trail. For decades, paper transactions between newly formed entities in UAE were shown as genuine business deals to legitimise undisclosed, untaxed income. Once the colour of money changed from black to […]

  • Alphabet's X sells new wireless internet tech to Andhra Pradesh
    on December 15, 2017 at 1:09 am

    Alphabet Inc's X research division said on Thursday that the Andhra Pradesh government would buy its newly developed technology that has the potential to provide high-speed wireless internet to millions of people without laying cable.Terms of the deal were not disclosed, but the agreement, which begins next year, would see 2,000 boxes installed as far as 20 kilometers (12 miles) apart on posts and roofs to bring a fast internet connection to populated areas. The idea is to create a new backbone […]

  • Has Aadhaar-bank a/c linking plan helped Airtel Bank triple its coffers in 3 months?
    on December 15, 2017 at 1:03 am

    NEW DELHI: The flow of cooking gas subsidy into Airtel Bank accounts, allegedly opened without customers' consent, has accelerated with cumulative subsidy deposited in these accounts rising to Rs 168 crore at November-end from Rs 47 crore three months ago. State-run oil companies and the oil ministry have written to Airtel Bank, Department of Financial Services and National Payments Corporation of India (NPCI) about this, but that hasn't helped. In its latest communication to NPCI, a state-run […]

  • Vedanta rejigs Cairn top deck to push $1 billion investment plans
    on December 14, 2017 at 7:14 pm

    Mumbai: Cairn India, the oil and gas business of Vedanta, has rejigged its management to empower the core leadership team to take crucial decisions and drive its $1-billion investment plan, the company said on Thursday. Sudhir Mathur, who was the acting chief executive and chief financial officer, will now be the CEO of Cairn Oil & Gas. Four other leaders were also elevated . The company said Mathur will play a key role in strategically driving the next wave of growth at Cairn. Suniti Bhat, […]

  • Story behind surge in UPI transactions and what can make it truly transformational
    on December 14, 2017 at 6:55 pm

    Commuters on Mumbai's suburban trains have a new pastime in addition to playing cards, cutting vegetables and meditating on their morning prayers. These days, they have taken to sending and receiving money on payments apps hoping to win cash rewards.That's the new game in town—the Reserve Bank of India-promoted unified payments interface (UPI) with excellently designed applications, smooth user experience, and meant for instant settlements.Moving money from one bank account to another […]

  • Pullback rally to continue but Nifty’s upside seems capped
    on December 14, 2017 at 2:57 pm

    Volatility ruled the roost on Thursday as the benchmark Nifty50 swung either side in a highly volatile manner and finally ended the day with a gain of 59.15 points or 0.58 per cent. The market has reinforced the credibility of the support of 50-DMA at closing levels, and also that of 10,180-10,200 range support area. Before ending the benchmark Index recovered nearly 110 points from the lows of the day. Going into trade on Friday, we expect this pullback to continue. The exit polls’ […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

  • The real reason why 95% of Indian engineers can't code
    on December 14, 2017 at 11:00 am

    A few years ago, a McKinsey report said just a quarter of engineers in India were actually employable. Of late, some other studies put it at less than 20%. Recently, a survey by employability assessment firm Aspiring Minds said 95% of Indian engineers can't code. Though graduates from India's premiere engineering colleges such as the IITs are still in demand, it is the thousands of other engineering colleges and ITIs that churn out millions of graduates every year whose employability is […]

  • RK Nagar by-poll: High Court dismisses plea to disqualify key candidates
    on December 14, 2017 at 10:22 am

    The Madras High Court today dismissed as not maintainable a plea for disqualifying candidates of AIADMK and DMK and Independent TTV Dhinakaran in the RK Nagar Assembly by-poll for their alleged electoral malpractices during the earlier cancelled by-election. A bench comprising justices TS Sivagnanam and K Ravichandrabaabu dismissed the plea by BSP candidate for the by-poll AC Sathyamurthy. He sought disqualification of the three candidates on the grounds of their alleged involvement in […]

  • Gujarat polls: CM Rupani may face stiff battle on BJP's 'safe' seat
    on December 7, 2017 at 7:39 am

    The battle for Rajkot-West seat, the traditional BJP fortress, could be a cliffhanger for its high-profile contestant and Gujarat Chief Minister Vijay Rupani who is facing a challenger in Congress' Indranil Rajyaguru.Earlier known as Rajkot-II, the seat is considered as 'safe' for the saffron party which has been representing it since 1985.The constituency goes to polls on December 9 in the first phase of the high-stakes Gujarat elections.Vajubhai Vala, incumbent Governor of Karnataka, had won […]

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