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Why FM should stick to math & avoid grand gestures this Budget

Despite catchy slogans, we have built a bloated bureaucracy that has no bearing with the digital age.
The Economic Times

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IT INDUSTRY

Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget

Manufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget.

Govt may consider import duty cut on raw material for fertiliser industry in Budget

The government may consider cut in import duty on raw mat...

Budget: Life insurance industry expects govt to make annuities tax free, widen section 80C

The tax burden on the individual is too high when ...

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  • LPG used as fuel in automobiles or Auto LPG, which is among the cleanest alternative fuels with a Global Warming Potential of 'zero' is currently taxed at 18 per cent GST. Also, the GST rates on Auto LPG/CNG conversion kits stand at a prohibitive 2 per cent, IAC said. High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, it said in a statement.

    India imports large quantity of cocoa beans and powder to bridge the gap between supply and demand in the domestic market. As per the data of International Cocoa Organisation, the cocoa prices stood at $2,687.24 per tonne on Thursday, around 20% increase year-on-year.

    Icertis offers clients a contract management platform, which has apps built on top of it, helping large companies such as Microsoft and Airbus manage their contracts. The Pune-based unicorn works with five of the ten most valuable companies in the world.

    “Chanda Kochhar has resigned. We will be processing it and move as per the laid down procedure to appoint the IIIT’s new chairperson,” a senior human resource development ministry official told. Kochhar had sent in her resignation to the ministry on Tuesday, people aware of the development said.

    The Forum's IT Governors community convenes CEOs of the world's top information technology companies in order to help them responsibly shape the future of their industry. It acts as a platform for setting industry priorities, building shared understanding, and coordinating actions that lead to results.

    The government, which did not receive a single bid in its maiden attempt to sell Air India last year, is being cautious this time and has offered various relaxations, such as a 100% in the airline, substantial restructuring of debt and liabilities and allowing the new owner to offer voluntary retirement to staff.

    Tea Association of India (TAI) stated ‘The Occupational Safety, Health and Working Conditions Code, 2019’, is expected to be introduced in the Budget session of Lok Sabha. Earlier this Code was referred to the Standing Labour Committee after being introduced in the Parliament for garnering inputs from various stake holders.

    The plantation sector included tea, rubber and coffee industries and the Act stipulates them to comply with providing drinking water, housing, medical, education and toilet facilities to the workers besides wages. The Centre has already tabled a Bill in Parliament on occupational safety, health and working conditions code which is now under discussion.

    According to the study by global property consultant Savills, warehousing space absorption across eight cities like Mumbai, Pune, Chennai, Bengaluru, Hyderabad, Ahmedabad, Delhi and Kolkata, is expected rise to 35 million sq ft in 2020. In 2019, the total supply of warehousing space was 37.94 million sq ft while the absorption stood at 33 million sq ft.

    In view of the increase in passenger traffic on the Tel Aviv-New Delhi sector, India's official carrier Air India will double the number of flights on the route to six per week from April.

    The increasing competition has not left organisations with much of an alternative. They have to either embrace the challenge or perish, according to the report titled 'AI & Future Of Work: Redefining Future Of Enterprise.' Employability with technology continues to be a problem despite India having a large number of higher academic institutions.

    Aramco will now supply 500,000 barrels per day of crude on a long-term basis to RIL's Jamnagar refinery.

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