In order to raise revenues the government is likely to bring more services in the tax net and may introduce a negative list in the forthcoming Budget.
Posts Tagged ‘india’
Indian may bring more services in tax bracket
February 6th, 2012 
Ziaulla Namani 
Posted in india, News 
Tags: Central Board Of Excise, Central Board Of Excise And Customs, Crore, Current, Draft Report, Economic Activities, Excise And Customs, Finance Minister, Finance Ministers, Forthcoming Budget, Goods And Services Tax, Immovable Property, Imposition, india, Levy, Mid March, Nbsp, Principle, State Finance, Tax Bracket, Tax Net 
Comments OffIndia’s per capita income grew by 15.6 %
February 1st, 2012 Ziaulla Namani India’s per capita income grew by 15.6 per cent to Rs 53,331 per annum in 2010-11, crossing the half-a-lakh rupees mark for the first time, according to government data.
Posted in india, News Tags: Annum, Central Statistical Office, Country Population, Crore, Current, earnings, Estimates, Gdp, Government Data, india, Indian Economy, Inflation, Previous Year, Prosperity, Rupees Comments OffIndia in a better position to tackle slowdown
January 24th, 2012 Malvika The International Labour Organisation (ILO) think India is expected to withstand the latest global slowdown better than most countries, if it ensures rising income levels for the working class and enough jobs for a growing working-age population.
Posted in india, News Tags: Age Population, Economic Conditions, Employment Trends, Farm Sector, Female Participation, Females, Global Employment, Global Slowdown, Ilo, india, International Labour Organisation, Labour Force, Labour Market, Labour Productivity, Persistence, Rapid Rise, Robust Growth, South Asia Region, South Asian Region, Unemployment Comments OffAdidas will launch $1 shoe in India.
November 20th, 2011 Ziaulla Namani Adidas, the German sportswear and equipment maker, is to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said, despite the failure of a similar venture in Bangladesh.
Posted in india, News Tags: Adidas Sportswear, Bangladesh, Boss, Consumers, Distribution Network, Dollar, Earnings Per Share, failure, First Nine Months, Herbert Hainer, Import Duty, india, Launch, Losses, Mass Production, Pairs, Shoes, Targets, Test Phase, Three Dollars Comments OffSuper rich Indians own wealth worth $ 945 billion
November 15th, 2011 Ziaulla Namani According to the study by Wealth X, a global wealth intelligence and prospecting company, India has 8,200 UHNW individuals, whose combined wealth amounts to a whopping $945 billion.
Posted in india, News Tags: 100 Million, 30 Million, Concentration, Corruption Scandals, Economy Size, Europe, Forbes Magazine, Fortunes, Global Intelligence, Global Wealth, india, Indians, Inflation, Moguls, New Millionaires, North America, population, Specifics Comments OffIndian family businesses deliver higher returns in India
November 3rd, 2011 Ziaulla Namani A report by Swiss lender Credit Suisse says that India leads the list of the Asian countries where family businesses have delivered higher returns in the past decade among the 10 leading economies, says According to the report, family businesses have given a staggering 261 per cent cumulative return in the past 10 years to the Asian economies, outperforming local benchmarks in seven out of the 10 markets studied in the continent.
“India has the highest percentage of family businesses in Asia with as many as 67 per cent the highest in 10 Asian countries that were surveyed,” says the Asian Family Businesses report released by Credit Suisse here today.
“Out of the 983 listed Indian companies, as many as 663 are family businesses, and they account for half of all corporate hirings, concentrated in the consumer discretionary, consumer staples and consumer healthcare sectors,” the report says.
The report observed that fixed asset investment from family businesses has consistently grown stronger versus non-family businesses since 2006. However, the Indian family businesses that managed a 15.8 per cent total return CAGR from 2000 to 2010, underperformed the broader market, which delivered 19.3 per cent CAGR over the last decade, it notes.
Most Asian countries preferred to be in the traditional sectors while India was one of the three countries that witnessed higher concentration of technology-related family businesses due to the technology-driven industrial structure in these economies.
Source – PTI
Posted in india, News Tags: 10 Years, Asian Countries, Asian Economies, Asian Family, Asset Investment, Benchmarks, Cagr, Concentration, Consumer Healthcare, Consumer Staples, Continent, Credit Suisse, Cumulative Return, Family Businesses, Healthcare Sectors, india, Industrial Structure, Last Decade, Related Family, Traditional Sectors Comments OffR&D Operating cost is 25% less in India
October 13th, 2011 Ziaulla Namani Operating cost of MNC research development (R&D) centres in India is 25 per cent lower compared to China, according to a report unveiled here today by global advisory firm Zinnov Management Consulting.
Posted in News Tags: Amp, Arbitrage, Attrition, Career Growth, City Strategy, Cost Benchmarking, Global Advisory Firm, india, Inflation, Leadership, Management Consulting, Mnc, Organisations, Rupee Terms, Salary Increments, Subsidiaries, subsidiary, Technical Career Path, Testimony, Tier Ii Comments OffIndia, US join hands to deal with inflation
June 30th, 2011 Ziaulla Namani
Two powerful nations Indian and US agreed to cooperation in dealing with global challenges like inflation and volatility in capital flows, besides strengthening bilateral trade and investment.
Posted in News Tags: Bilateral Discussions, Bilateral Trade, Capital Flows, Capital Markets, Commodity Prices, Cooperation, Democracies, Finance Minister, Financial Partnership, Financial Sector Reforms, Global Challenges, Global Economy, Global Growth, Global Liquidity, india, Indian Economy, Inflation, International Capital Flows, Pranab Mukherjee, Price Stability, Roadmap, Technology Skills, Timothy Geithner, Treasury Secretary, Volatility Comments OffNRI returning home, MNCs spoilt for choice
June 27th, 2011 Malvika Near about 60,000 employees, all NRIs, returned to India in the year 2010. This year more number of NRIs is expected to come back.
Non-resident Indian (NRI) professionals are starting to come back to home and multinational companies are now spoiled for choice in picking from the cream of attractive resource pool of India, says a MyHiringClub.com website survey.
Posted in News Tags: Asia, Economic Growth, Human Resource, india, Indian Cities, Industry Segments, Multinational Companies, Nris, Professional Recruitment, Recruitment Consultants, Resource Pool, Returning Home, Top Management Comments OffIndia to have world’s largest solar plant in Maharashtra
June 4th, 2011 Malvika In a bid to fight shortage of electricity, the state government of Maharashtra is planning to set up a solar power plant, which will be the largest solar farm in the world.
Posted in News Tags: Alternate Sources Of Energy, Chandrapur, Dhule, Distribution Co, Electricity Distribution, Electricity Regulatory Commission, Electricity Supply, Government Of Maharashtra, india, Kfw, Mahadiscom, Mahagenco, Maharashtra Electricity Regulatory Commission, Maharashtra State, Mega Project, Photovoltaic Technology, Power Generation Technology, Solar Plant, Solar Power Plant, Solar Radiation, Sources Of Energy Comments OffIndian Per capita income for 2010-11 jumps to Rs 54,835
June 1st, 2011 Ziaulla Namani As per the data released by the Indian government, the Per Capita income of the Indians in the year 2010-11, increased by 17.9 percent i.e Rs. 54,835 as against Rs 46,492 in the previous year.
Posted in News Tags: Central Statistical Organisation, Country Population, Crore, Current Market, earnings, Economy, Estimation, Income Distribution, Income Per Person, india, Indian Government, Indians, Inflation, Monetary Terms, Previous Year, Quotient, Rose, Rs 8 Comments OffLiberation in FDI policy to improve GDP
April 22nd, 2011 Ziaulla Namani Planning Commission of India, suggested that in order to improve the
country’s Gross Domestic Product (GDP), there should be liberation in
Foreign Direct Investment (FDI).
To boost the performance of the weak performing manufacturing sector,
the Planning Commission of India called for taking liberating measure
in FDI policy as an effort to boost the Gross Domestic Product.
Posted in News Tags: Asia Economics, Estimates, Fiscal Year, Foreign Direct Investment, Gdp, Gdp Growth, Global Investment, Goldman Sachs, Gross Domestic Product, Growth Chart, Growth Forecasts, india, Interest Rates, Investment Banking, Liberation, Manufacturing Sector, Planning Commission, S Gross, Sectors, Securities Firm Comments OffUntimely withdrawal of PF attracts tax
April 19th, 2011 Ziaulla Namani As reported in Financial Express, the provident fund (PF) is one of the most popular retirement benefit schemes in India. It is also considered as a tax-saving investment for contributions (employer up to 12% of basic salary and employee up to overall deduction of R1 lakh) made towards an approved/recognised PF, the year-on-year accruals and the amount received on maturity from such funds is tax exempt.
Posted in News Tags: Accruals, Benefit Schemes, Case Payment, Cessation, Circumstances, Computing, Continuous Service, Discontinuance, Emp, employment, Financial Express, Ill Health, india, investment, Lakh, Maturity, Provident Fund, Reason, Retirement Benefit, Salary Comments OffBiometric PAN cards to be issued by the gov.
April 12th, 2011 Ziaulla Namani The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.
The decision was taken recently by the Finance Ministry and it comes in the wake of a Comptroller and Auditor General (CAG) report that asked the Income Tax department to ensure that a single tax payer is not issued multiple cards.
Posted in india Tags: Biometric, Cag Report, Comptroller, Direct Taxes, Finance Department, Finance Minister, Finance Ministry, Fingerprints, Gap, Income Tax Department, india, Nandan Nilekani, P Chidambaram, Pan Cards, Parliament, Single Tax, Tax Payer, Taxpayers, Uid Numbers, Weed Comments OffTata, the best Indian brand
March 22nd, 2011 Ziaulla Namani In today’s market scenario customer is the king. He has a choice of selecting a product, brand from multiple choices available.
In order to win the consumer companies and brands are going out of the way to convince them.
Posted in india Tags: Ahead, Airtel, Bpcl, Giant Conglomerate, Google, india, Indian Brands, Indian Oil, Market Scenario, Money Lender, Multiple Choices, Nbsp, Reliance, S Market, SBI, Tata Group, Th Position, Top 50 Brands Comments Off
