When ex-RBI governors get political, it impacts autonomy cause: FM Arun Jaitley

Finance minister Arun Jaitley asserted that when former RBI governors join political battles, they hurt the cause of RBI autonomy.

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India delays levying retaliatory tariff on US goods to May 2

New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

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Automatic compensation for broadband users goes live

Five UK broadband and landline providers will now compensate users when services do not work.

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Five UK broadband and landline providers will now compensate users when services do not work.

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View: Where’s the money tree?

Rahul Gandhi's proposed income distribution scheme, NYAY, could spiral over time

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Tax refund in the works for exports to US

The programme has been disputed by the US for violating the World Trade Organization (WTO) rules.

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Government notifies new accounting standard on leases; effective from Apr 1

The Indian Accounting Standard (Ind AS) 116 is expected to have a significant impact on various industries

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Note ban triggers record 14-times high generation of suspicious transaction reports linked to tax crimes: FIU

This is the highest-ever figure of STRs since the FIU first started the regime over a decade ago.

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An investigator working for Jeff Bezos says Saudi Arabia accessed data on the Amazon boss's phone.

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Saudi Arabia 'hacked Amazon boss's phone', says investigator

An investigator working for Jeff Bezos says Saudi Arabia accessed data on the Amazon boss's phone.

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GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target

This practice of prodding assessees to pay taxes by March end to meet the fiscal target was also prevalent during the erstwhile excise and service tax regime.

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Mark Zuckerberg asks governments to help control internet content

Mark Zuckerberg writes an open letter calling for new laws to monitor internet content.

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Mark Zuckerberg writes an open letter calling for new laws to monitor internet content.

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Income tax, GST offices to remain open on March 30, 31 to facilitate year-end collection

GST collections in the current fiscal till February totalled Rs 10.70 lakh crore.

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US lawmaker urges USTR to delay GSP decision till Indian elections

Under the United States GSP programme, nearly 2,000 products including auto components and textile materials can enter the US duty-free.

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Govt extends deadline to impose higher duties on 29 US products to May 2

The department of commerce had recommend the finance ministry to extend the deadline for levying higher tariffs worth $235 million.

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Estimates show likely dip in fruit, vegetable production

Fruit production in the 2018-19 crop year is likely to drop to 99.92 lakh tonnes from 117 lakh tonnes in 2017-18.

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Consumer data can’t be national asset: US body

Over the course of the past few weeks, several startups have said that the government’s proposal for instant access to data should also be diluted.

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Lens on shady bank deals in shell companies

The tax department wants to make sure that the banking system is still not being used to park illegal funds.

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Tech Tent: Apple, Lyft and feel-good tech

Lyft shares, Apple TV+, and those times when tech gets it right.

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Lyft shares, Apple TV+, and those times when tech gets it right.

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View: Congress' NYAY scheme is neither fair nor feasible

One concern is financial feasibility. Proponents of NYAY pegs cost at Rs 3.6 tn —13% of govt expenditures in budget.

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View: ​​NYAY would be the next big disrupter of entrenched poverty

​​NYAY may bring 20% of India’s population still below the poverty line out of poverty.

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Investigators are looking into claims that a killing was arranged and paid for via covert net forums.

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Russia police probe 'dark net' murder case

Investigators are looking into claims that a killing was arranged and paid for via covert net forums.

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RBI sets NBFC-MFIs' average base rate at 9.21% for April-June

The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

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Falling inflation? Numbers from states don't say so: HDFC Bank

The report by house economists at largest private sector lender HDFC Bank Friday comes days ahead of the monetary policy review scheduled for next Thursday.

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India's trade ministry proposes delaying retaliatory tariffs on US goods

The revenue department falls within the finance ministry, and the two ministries need to consult over any decision to delay the tariffs.

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Trade deficit pushes CAD to 2.5 per cent of GDP in Q3

In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period.

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Falling household savings can widen CAD, lead to higher rates: India Ratings

Households' gross financial savings net of financial liabilities has increased at an annualised rate of 9.8 percent to Rs 11.29 lakh crore in FY18 from Rs 6.43 lakh crore in FY12, the report said.

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India's April-February fiscal deficit at 134% of FY target

April-February fiscal deficit touched Rs 8,51,000 crore, or 134.2 percent of the budgeted target for the current fiscal year, government data showed on Friday.

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The new rules, are part of attempts by the social network to clamp down on election abuse.

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Facebook begins new EU political ads rules

The new rules, are part of attempts by the social network to clamp down on election abuse.

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The former programmer could get a jail sentence of nine years for stealing terabytes of sensitive data.

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NSA contractor pleads guilty to data theft

The former programmer could get a jail sentence of nine years for stealing terabytes of sensitive data.

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CAs across India request Modi govt to rein in tax officials

The PM has been asked to rein in tax officials who have been directed to take “all possible actions” to recover tax.

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DPIIT starts analysing stakeholders' views on draft e-commerce policy

The DPIIT does not intend to extend the deadline for seeking views on the draft e-commerce policy.

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The company faces a fine of 250,000 euros per day for not complying with a request to delete personal data.

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Facebook challenges Belgian tracking ban

The company faces a fine of 250,000 euros per day for not complying with a request to delete personal data.

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Senior-level hires and promotions in South Florida for the week of April 1, 2019

BEVERAGES Pete Carr, president, Bacardi North America, will lead the Patrón as well as the Bacardi organizations for North America. He remains based at the North America regional headquarters for … Click to Continue »

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Mid-lifers + millennials = the new real estate power pairing

In 2015, after more than 26 years of working in Miami as a real estate company broker/owner and selling agent, I took the unusual step of taking on a new … Click to Continue »

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Searching for signs of an economic slowdown

Was February a fluke, or the future? Companies added just 20,000 jobs in February. It marked the slowest month of hiring since Hurricanes Harvey and Irma hit the U.S. and … Click to Continue »

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If you want to sell more of your product, give some away for free

They say, “what goes around comes around,” and that’s true for one of the best revenue-generating strategies of all time. It’s called: Try before you buy. The technique comes in … Click to Continue »

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CBDT asks I-T Department to probe about 3 lakh de-registered firms for money laundering

A senior official said the board has inputs that a number of these companies possibly indulged in tax crimes.

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Exporters under the scanner for claiming tax benefits twice

According to the notices, the anomaly came to light during an audit conducted by the tax authorities. The tax department claimed that these exporters had claimed double benefits.

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Rs 5,940 crore cleared under PM Kisan, 29.7 million farmers receive Rs 2,000

Over one-third of the beneficiaries – 11.1 million farmers – were in Uttar Pradesh.

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Government blacklists Chinese solar gear company after failing to honour contract

This is the first time that the ministry is considering such a step (blacklisting a company) against a foreign solar equipment supplier.

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China Import Expo: 100-strong team to hard sell Indian products in Shanghai

Among agricultural items, India’s star products are bovine meat, non-basmati rice and fresh fruit including grapes, pomegranates and mangoes.

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Changes planned in e-way bill system to contain GST evasion

E-way bill system will be enabled to auto calculate the distance for movement of goods based on the postal PIN codes of source and destination locations while allowing a variation of only 10%.

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India's goods, services export to touch about $540 bn this fiscal: Suresh Prabhu

Prabhu said exports are growing at a healthy pace and shipments of goods would reach over USD 330 billion.

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Finance Commission chief makes case for institutional mechanism to check fiscal deficit

Finance Commission Chairman N K Singh also said fiscal federalism is a dynamic process and 'a Work in Motion'.

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Activists in Chad are demanding that the government restore access to social media after it was cut a year ago.

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Chad - where social media has been cut for a year

Activists in Chad are demanding that the government restore access to social media after it was cut a year ago.

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Need to reinvent Niti Aayog, says former RBI Governor YV Reddy

There is a need to upgrade the Niti Aayog and empower it to perform functions of Centre and state coordination, he said.

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Technew

The app's Chinese owner, Kunlun Group, is reportedly seen as a security risk by US authorities.

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Grindr 'up for sale on security grounds'

The app's Chinese owner, Kunlun Group, is reportedly seen as a security risk by US authorities.

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'Nyay' scheme poses 'fiscal challenge' to India's economy: Panagariya

Panagariya, who served as the first vice chairman of NITI Aayog for two years from 2015 to 2017, said that 'Nyay' is difficult to implement and unlikely to achieve its intended objective.

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The software firm is accused of helping a site known to be involved in the trafficking of women.

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Salesforce.com sued over links to trafficking site

The software firm is accused of helping a site known to be involved in the trafficking of women.

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CEOs split on encouraging marijuana sales in Florida

CEOs were asked: Gov. DeSantis has proposed liberalizing marijuana laws in the state. Should Florida be encouraging marijuana sales? Why or why not? === Our company has developed a cashless … Click to Continue »

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The social media firm is under pressure after the New Zealand mosque attack was live-streamed.

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Facebook to ban white nationalism and separatism

The social media firm is under pressure after the New Zealand mosque attack was live-streamed.

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PE, VC investment in India at USD 20.5 billion in 2018: Report

The funding in 2018 was the same as the investment in the preceding year, the assurance, tax and advisory firm said.

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Donald Trump urged to delay decision on terminating India from GSP Programme

Trump this month informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country.

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Direct tax collection falls short, CBDT raises alarm

CBDT frames policy for the I-T dept and is also its controlling authority that functions from the North Block.

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Non - Basmati rice export come to a standstill

The renewed scheme was expected to include non-basmati rice from husked brown rice, parboiled rice and broken rice.

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Centre seeks PSUs’ help to meet FY19 revenue targets

“Banks have been requested to deposit tax deducted in March it self,” said an official privy to the communication sent to public sector banks.

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Why isn’t investment picking up with this growth? It’s not adding up: Raghuram Rajan

In an interview with ET NOW’s Supriya Shrinate, he also talks about economic growth, election themes and populist nationalism.

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In poll season, govt fast-tracks farm insurance payments, makes mechanism more user friendly

In major agri states like UP, Rajasthan and Gujarat, insurance companies have already settled 90 per cent of claims

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View: A fair assessment of Good and Services Tax

The GST impact goes beyond revenues and rates of duty. It has transformed our federal polity for the good.

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Chatbot designers are writing witty responses to abusive messages.

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Britain's 'bullied' chatbots fight back

Chatbot designers are writing witty responses to abusive messages.

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Raghuram Rajan questions Narendra Modi's minimum govt, maximum governance promise

He also cited the airlines and hospitality sectors as two areas where the government has no role to be in and should be best left to the private sector.

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Geoffrey Hinton shares this year's award with two other leading figures in artificial intelligence.

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British-Canadian AI expert Geoffrey Hinton wins Turing Award

Geoffrey Hinton shares this year's award with two other leading figures in artificial intelligence.

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Efficacy of rural development schemes to depend upon implementation: Report

It also called for renewed efforts by various nations to deal with the challenges facing the rural economy across the globe.

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Digital adoption may result in strong economic growth in India: McKinsey report

The repor found out that core digital sectors already constitute a large and growing portion of India’s economy and could contribute $355 bn to $435 bn of GDP in 2025.

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India's monsoon should be robust provided no El Nino surprise: Top govt forecaster

Monsoon rains are the lifeblood for India's farm-dependent $2.6 trillion economy.

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Commerce min calls meeting of stakeholders on increasing exports to China on Apr 5

Growth in exports to China is beneficial for India as it has huge trade deficit with the neighbouring country.

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The social network says that changing your birth year to 2007 won't launch a colourful design on the site.

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Currency in circulation as percentage of GDP declines since DeMo: FinMin official

In terms of GDP, notes in circulation declined from 11.55 per cent as on November 8, 2016, to 10.48 per cent as on November 8, 2018.

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Twitter birth-year hoax locks users out of accounts

The social network says that changing your birth year to 2007 won't launch a colourful design on the site.

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The EU plans to make the technology mandatory from 2022 and the UK says it will follow suit.

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Road safety: UK set to adopt vehicle speed limiters

The EU plans to make the technology mandatory from 2022 and the UK says it will follow suit.

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Norsk Hydro is still recovering from the attack, with one part of the company remaining "at a standstill".

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India's subsidies to farmers very low as compared to western countries: Commerce secy

Commerce Secretary Anup Wadhawan said India provides only about USD 250 per annum per farmer but unfortunatley "our subsidies run into trouble."

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Aluminium firm cyber-attack cost at least £25.6m

Norsk Hydro is still recovering from the attack, with one part of the company remaining "at a standstill".

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India-US sign pact for exchange of reports to check tax evasion by MNCs

​This agreement will enable both the countries to automatically exchange CbC reports filed by the ultimate parent entities.

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Walmart Foundation supports IDEI irrigation project to raise incomes for 10,000 smallholder farmers

More than 62% of the population of Andhra Pradesh are dependent on agriculture, and lack access to irrigation systems or other technologies to help them improve their productivity and income.

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