Thursday, February 28, 2019

Retail inflation for industrial workers up 6.6% in January

The data showed that the maximum upward pressure to the change in current index came from Housing group contributing (+) 5.16 percentage points to the total change.

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Task force to review direct tax laws gets 3-month extension

It was first set up in November, 2017 under the Central Board of Direct Taxes.

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India to grow at 7.3% in 2019, 2020: Moody's

In 2018-19 fiscal, ending March 2019, Indian economy is estimated to have grown 7 per cent, lower than 7.2 per cent in 2017-18.

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Manufacturing activity at 14-month high in Feb on sharp rise in sales

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.3 in February, up from 53.9 in January.

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India’s economic growth slows as new risks emerge from Pakistan

Gross domestic product rose 6.6 percent in the three months to December from a year ago, lower than the 6.7 percent median estimate.

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View: India's economy just fell in with a bad crowd

The downdraft will likely last through midyear. At that point, lower interest rates will start to kick in and the expansion can pick up a bit.

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Those with PMKVY nod to get preference in new Goa airport jobs

The announcement was made Thursday by state Social Welfare Minister Vishwajit Rane while inaugurating the PMKVY scheme in Goa.

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Gram Samridhi Yojana: New scheme to help unorganised food processing sector

Niti Aayog has given the in-principle approval to the scheme and now the proposal has gone to the Expenditure Finance Committee for clearance, said the official.

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Liquidity, farm issues drag down Q3 growth to 6.6%

Growth for FY19 is now seen at 7% against 7.1% in the first advance estimates released last month — that would be the lowest in five years.

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Technew

Charity demands action after 5,000 online grooming offences were recorded by police in 18 months.

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Social media firms 'must tackle grooming'

Charity demands action after 5,000 online grooming offences were recorded by police in 18 months.

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Technew

The streaming platform is disabling comments on videos of children after paedophiles left predatory comments.

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YouTube bans comments on videos of children

The streaming platform is disabling comments on videos of children after paedophiles left predatory comments.

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Cabinet approves promulgation of Ordinance allowing trusts to setup units in SEZs

The ordinance seeks to amend the definition of a person under the SEZ Act 2005 which will enable a trust to be considered for grant of permission to setup a unit in these units.

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Cabinet clears procedure, mechanism to monetise enemy properties, CPSE's non-core assets

Enemy property refers to the assets which were left behind by people who migrated to Pakistan or China and are no longer citizens of India.

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Cabinet approves National policy for software products

This policy has a scope of giving employment to nearly 65 lakh people and will have enormous revenue benefit, Prasad said.

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Cabinet clears Rs 10,000 crore FAME II scheme

The FAME scheme with an outlay of Rs 10,000 crore over a period of three years will be implemented with effect from April 1, 2019.

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Rice Knowledge Bank launched under World-bank funded Assam Agribusiness & Rural Transformation (APART) project

Dr. K.M. Buzarbarua, Vice Chancellor, AAU stated that there is need to convert this essential knowledge to different local languages for encouraging large scale adoption.

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India set to see lower productivity, weak demand, inching inflation in the coming weeks: D&B

Industrial production is expected to remain subdued over moderate demand and uncertainty around the outcome of upcoming general election.

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'Useless slimming pills face fake Amazon reviews' fine

A company that sold "ineffective" fat-fighting herbal supplements is facing a $12.8m (£9.6m) fine.

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Technew

A company that sold "ineffective" fat-fighting herbal supplements is facing a $12.8m (£9.6m) fine.

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Google must provide details on Nest microphone error

Three US senators write to Google, asking questions about the hidden microphone in Nest devices.

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Technew

Three US senators write to Google, asking questions about the hidden microphone in Nest devices.

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India's GDP growth slips to 6.6 per cent in Q3

Weaker domestic and external demand are key factors behind the sub-7 percent growth.

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Core sector growth slows down to 1.8% in January

Eight infrastructure sectors had expanded by 6.2 per cent in January 2018.

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Broadband speed must be revealed to customers

Regulator Ofcom says providers must offer "clear, honest" information to consumers.

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Regulator Ofcom says providers must offer "clear, honest" information to consumers.

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FSSAI to increase testing, enforcement activities to ensure food safety

The Food Safety and Standards Authority of India (FSSAI) has done a survey on milk recently and it would like to conduct surveillance across all the food categories, CEO Pawan Kumar Agarwal said.

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And the Oscar for best commercial goes to...

The controversy surrounding this year’s Academy Awards was a drama on par with any of the nominated films. We had the selection, and then deselection, of a homophobic host. The … Click to Continue »

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Increasing exports can lead to better jobs, higher wages in India: World Bank-ILO report

Increasing exports would boost the average wages, according to the report titled 'Exports to Jobs: Boosting the Gains from Trade in South Asia'.

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Record rice output to propel India’s foodgrain production to 281.37 million tonnes in 2018-19

According to the second advance estimate, pulses production is likely to be 24.02 million tonnes, lower than the target of 25.95 million tonnes.

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Technew

The ghoulish meme known as "momo" is a hoax, fact-checkers and charities say.

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Momo challenge: The anatomy of a hoax

The ghoulish meme known as "momo" is a hoax, fact-checkers and charities say.

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Foodgrains production may fall 1% to 281.37 million tonne: Agriculture Ministry

The country had produced 284.83 million tonne (MT) in the 2017-18 crop year (July-June).

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Bank customers hit by dozens of IT shutdowns

Customers suffer during regular operational and security incidents, BBC analysis of new data reveals.

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Customers suffer during regular operational and security incidents, BBC analysis of new data reveals.

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India, Latin American nations have huge potential to boost trade ties: Commerce Ministry

Quoting Commere and Industry Minister Suresh Prabhu, it said there is a need for a multi-pronged strategy to enhance bilateral trade in merchandise and services.

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Animal spirits suggest tame start for India economy this year

With exports continuing to trail imports, India’s trade deficit widened in January from a month ago.

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Wednesday, February 27, 2019

New CBDT boss asks I-T dept to maximise revenue collection, get more taxpayers

P C Mody, the new chairman of the Central Board of Direct Taxes (CBDT), has asked the taxman to work with greater transparency and accountability.

from Economy-News-Economic Times https://ift.tt/2T5RN1x

All about the Unregulated Deposit Schemes Ordinance

The govt has promulgated the Unregulated Deposit Schemes Ordinance 2019 to curb ponzi schemes that dupe people.

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View: Don’t deride PM-KISAN yet, data shows it will help rural India’s poorest

For poorest beneficiaries, the transfers under PM-KISAN make a significant contribution to their purchasing power.

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India’s GDP growth seen at 6.7-7.2% in 3rd quarter

The economy had grown 7.1% in the second quarter and 8.2% in the first quarter, logging 7.6% for the first half.

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Pokemon: Nintendo announces two new games, Sword and Shield, for the Switch

This is the first 'real' Pokemon game to appear on consoles, following successful titles on handheld and mobile.

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Technew

This is the first 'real' Pokemon game to appear on consoles, following successful titles on handheld and mobile.

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Do we want our phone buttons back?

Three devices at MWC are bringing back physical keyboards in preference to touch screens.

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Technew

Three devices at MWC are bringing back physical keyboards in preference to touch screens.

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OneWeb satellite internet mega-constellation set to fly

A London-based start-up's multi-billion-pound plan would make the web available everywhere on Earth.

from BBC News - Technology https://ift.tt/2Uawqso

Technew

A London-based start-up's multi-billion-pound plan would make the web available everywhere on Earth.

from BBC News - Technology https://ift.tt/2Uawqso

Iris-scanning phone pitched at refugees

UK firm IrisGuard hopes to help refugees access banking and services with its device.

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Technew

UK firm IrisGuard hopes to help refugees access banking and services with its device.

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Energizer 'thick boi' phone gives 50 days of battery life

Could chunky smartphones be the future for our pocket tech? This huge new handset has tech experts talking.

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Technew

Could chunky smartphones be the future for our pocket tech? This huge new handset has tech experts talking.

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Panel to overhaul Direct Tax law seeks 3 months extension

The task force was scheduled to submit the report by February 28.

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Bad populism is the ‘road to serfdom’ for economies: Raghuram Rajan

Rajan said populism done right can make capitalism work better for people, but that’s not always the outcome.

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To save capitalism, we need to save communities: Raghuram Rajan

Well-paying unionized jobs in low-tech manufac­turing industries have been most adversely affected.

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India's economy seen losing momentum ahead of election

The gross domestic product and the second advance estimates for the 2018/19 fiscal year ending in March will be released on Thursday around 1200 GMT.

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Panel to overhaul Direct Tax law seeks 3 months extension

The Finance Ministry in November last year appointed Akhilesh Ranjan, Member, CBDT, as convenor of the task force after the retirement of Arbind Modi.

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Govt detects Rs 20,000 cr GST evasion in April-Feb FY'19

The govt will take more steps to check frauds and increase compliance, a senior tax officer said Wednesday.

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Momo challenge: Police advise over 'freaky game'

The "game" on WhatsApp has been accused of encouraging children to self-harm.

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Technew

The "game" on WhatsApp has been accused of encouraging children to self-harm.

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Tuesday, February 26, 2019

Technew

The Swedish firm faces competition from several local rivals in the fast-growing digital market.

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Spotify launches in India to tap growing digital market

The Swedish firm faces competition from several local rivals in the fast-growing digital market.

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PM Kisan scheme: 10 million more farmers may get Rs 2,000 this week

After the second round of fund transfer later this week, the government will make payments on a regular basis as and when data is validated by PFMS.

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Technew

A pair of "off-the-shelf" servers sent up to the International Space Station in an experiment still have not returned to Earth.

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HP computer stranded in space

A pair of "off-the-shelf" servers sent up to the International Space Station in an experiment still have not returned to Earth.

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Technew

Women make up less than a quarter of delegates at the annual technology fair in Barcelona.

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Why is tech show full of men?

Women make up less than a quarter of delegates at the annual technology fair in Barcelona.

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Why Universal Basic Income is a bad idea

Benefit under the Universal Basic Income will not be universal, but targeted at specific votebanks.

from Economy-News-Economic Times https://ift.tt/2GMluOG

Ad-free social network Vero to charge subscription fees

Vero has built a community of nearly five million members, it says, but will now start charging.

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Technew

Vero has built a community of nearly five million members, it says, but will now start charging.

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Technew

YouTube is failing to deal with dangerous content on its kids' channel, says charity.

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Self-harm clips hidden in kids' cartoons

YouTube is failing to deal with dangerous content on its kids' channel, says charity.

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India delays levying retaliatory tariff on U.S. goods to April 1

The new tariff structure was to come into force from March 2019.

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Technew

The former English Defence League leader is deemed to have broken rules around hate speech.

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Facebook bans Tommy Robinson's page

The former English Defence League leader is deemed to have broken rules around hate speech.

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April-January fiscal deficit at 121.5% of full-year target

India's April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion).

from Economy-News-Economic Times https://ift.tt/2H2taf6

Scooter fault leaves Lime riders injured

The bug can mean riders are flung from the scooters while travelling at high speed, Lime warned.

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Technew

The bug can mean riders are flung from the scooters while travelling at high speed, Lime warned.

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'Effective steps' on anvil to deal with frivolous bids under IBC, says official

New Delhi, Feb 26 () The government will soon come out with "effective steps" to deal with instances where entities back out after making frivolous bids under the insolvency law, according to a senior official.

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70 trucks carrying tomatoes and potatoes across Line of Control as trade continues

The cross LoC trade is scheduled for four days a week from Tuesday to Friday, while as travel is scheduled once every week.

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Faster green nods, subsidies for more chemical exports needed: Suresh Prabhu

“There is also a need for the removal of pre-import condition for advance authorization (with prospective effect)," he said.

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Consumer market to treble by 2028 to Rs 335 lakh crore: Report

This growth was led by tenfold growth in the number of Internet users and 26 times growth in the number of online shoppers between 2008 and 2018, the report added.

from Economy-News-Economic Times https://ift.tt/2tD2dqr

Monday, February 25, 2019

India's growth momentum likely slowed in late 2018: Reuters poll

The median forecast from more than 55 economists polled on Feb 19-25 was for growth of 6.9 percent, compared with 7.1 percent in July-September.

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Iran buys Indian raw sugar for the first time in five years

Iran is buying the sugar from India to use up the rupees it has received for oil sales to India, the world's third-largest oil user.

from Economy-News-Economic Times https://ift.tt/2Sryt9K

India misses out on investment boom due to election uncertainty

That should be a concern for Prime Minister Narendra Modi as he seeks a second term in office in polls due by May.

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Technew

The US financial regulator asks a judge to sanction the Tesla boss for breaking a deal over tweeting.

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Tesla's Elon Musk may be in contempt over tweet

The US financial regulator asks a judge to sanction the Tesla boss for breaking a deal over tweeting.

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Moscow offers to share smart city solutions with Indian cities

In 2018 CCTV cameras helped to solve more than 3500 crimes in Moscow, an increase of 16% in comparison to 2017.

from Economy-News-Economic Times https://ift.tt/2EeVfN9

Niti Aayog working on policy to end crop residue burning

Agricultural straw is mostly used as fodder for cattle or for making cardboard in areas where farmers harvest their crop by hand.

from Economy-News-Economic Times https://ift.tt/2ViXh5R

Foreign direct investment inflows fall amid pre-election uncertainty

Inbound FDI dropped 7% to $33.5 bn between Apr and Dec 2018, compared with $36 bn in the yr-earlier period.

from Economy-News-Economic Times https://ift.tt/2VmJGur

Upliftment of aspirational districts can help India grow at 9-10% for three decades: Amitabh Kant

As part of the NITI Aayog's vision, the 'Transformation of Aspirational Districts' programme aims to quickly and effectively transform these 115 districts.

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SBI Research pegs Q3 GDP at 6.6-6.7%

The yearly SBI composite index for February saw a marginally rise to 50.60 (a score of under 50 indicates negative growth).

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HoloLens 2: Rory goes hands-on

Rory Cellan-Jones learns how to fix an aircraft using the HoloLens 2 headset.

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Technew

Rory Cellan-Jones learns how to fix an aircraft using the HoloLens 2 headset.

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Goods and services exports to cross USD 500 bn this fiscal: Suresh Prabhu

Prabhu said that exports are recording healthy growth so far and this financial year, "we will record the highest-ever growth rate".

from Economy-News-Economic Times https://ift.tt/2GJXtHY

India lacks good economic, jobs data due to informal economy: Bibek Debroy

Debroy said it is difficult to draw an inference from data gathered from the enterprises as very few individuals in India work under an employee-employee kind of relationship.

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Technew

It's the latest in a series of restrictions imposed by the Vietnamese government on social media users. from BBC News - Technology htt...