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Archive for the ‘india’ Category

Fear Factor: Scandals for Indians, jobs for rest

At a time when people across the world are mostly worried about their jobs, issues like corruption and financial or political scandals are the biggest concerns for Indians, says a latest survey.

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Census 2011 data sheds light on changing nation

As per the Census 2011 data on household amenities and assets, half of India’s population may not have a toilet at home but they are not without a mobile phone.

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BSNL launches economical tablets

State-owned telecom services provider BSNL has launched three tablets with the cheapest model costing a mere Rs 3,250, making a quiet entry into the increasingly competitive market for the hand-held computers.

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India fourth in economic confidence index

As per the survey conducted by research firm Ipsos, India slipped one position to the fourth place in January in terms of economic confidence of the people.

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Red tape is a serious threat to economic growth: Survey

According to the survey conducted by workplace solutions provider Regus, almost half of the decisions makers at Indian businesses (47 per cent) fear that the red tape is a serious threat to economic growth in the country.

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Paintings, expensive watches under wealth tax net

Cash in foreign banks, sculptures, paintings and expensive watches may come under the span of wealth tax as part of the government’s initiative to expose black money.

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PE investors less interested in India

The private equity (PE) investors’ interest for emerging markets is likely to continue in the next 12 months, but they are less upbeat about India than they were a year ago.

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IT department may re-open tax returns of beyond 6 years

Government may grant the Income Tax department powers to re-open tax returns of beyond six years in specific cases of black money where “foreign assets” are involved.

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File tax return meticulously

Filing returns is often considered “a pain” especially for most salaried employees, but it is statutory obligation. The general feeling is ‘why should I do this when my company is anyways deducting my tax and paying it to the government?’ ‘Why take on this additional hassle?’ This would be true if you lived in some sort of financial isolation.

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Delhi, Mumbai airport amongst the best 5 in the world

Delhi’s Indira Gandhi International (IGI) Airport has been ranked the second best airport in the world, according to the 2011 Airport Service Quality rankings of Airport Council International (ACI).

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Indian co have invested more than USD 26 billion in the US

Indian business in the last 5 years have invested more than USD 26 billion in the US New Delhi’s top diplomat in Washington has said. He also maintained that Indian IT companies employed more than one lakh people in that country,

“Indian companies are now contributing strongly to local State economies in the US with a presence in 43 states and having invested over USD 26 billion in the last five years in several key areas of the economy, in manufacturing as also in services,” the Indian Ambassador to the US, Nirupama Rao, said yesterday.

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Max account holders in Swiss banks are Indians

Director of Central Bureau of Investigation Amar Pratap Singh has stated that the maximum numbers of account holders in Swiss banks are believed to be Indians. Nearly 500 billions dollars of illegal money has been stashed abroad, he estimates.

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Housing price in Mumbai goes down, Delhi up

As per the latest Residex released by the National Housing Bank (NHB), prices of residential properties in Mumbai and Kolkata witnessed a downward movement while Delhi prices firmed up during the third quarter of the current fiscal,

Prices of houses in Kolkata and Mumbai declined by 0.5 per cent in October-December period of 2011-12 compared to previous quarter.

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Indian Inc fielding them for Indian cricket team

After India’s white wash against Australia in a recently concluded test match in Australia, Sahara, the official sponsor of Indina cricket has indicated to BCCI that it is likely to move out of the Team India sponsorship after the tri-series in Australia.

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Intnl investment on the rise in infra sector

According to PHD Chamber, industry body, the international investors have been majorly investing into the Indian infrastructure sector, mainly in the power, oil and gas, telecom and iron and steel segments, due to the high returns prospects.

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