A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
Musk has not yet offered details about how his content moderation council will work.
With billionaire Elon Musk closing the deal to buy Twitter and firing the social media firm's four top executives, twitterati in India on Friday seemed divided with many who were vocal against content moderation on the platform hailing the development while others sounding a note of caution. Musk has completed his $44 billion (one billion=100 crore) takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde, according to the New York Times. Musk singled out Gadde, 48, criticising her for her role in content moderation decisions at the company, the report said.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
Katrina wishes Sunny... Plabita's pretty pictures... Laxmi Raai glows...
Ram Setu is just silly and boring, sighs Deepa Gahlot. Ram Setu Review
Bano was gang-raped and seven members of her family were killed during the 2002 Gujarat riots.
The defence minister also took an indirect dig at Gandhi for "doubting" the government's intention in the handling of the border row with China and said politics can not be done on the basis of "falsehood".
Sources said the leadership of the government going forward, if Gehlot is elected as party chief, is likely to be on the meeting agenda.
Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates as part of its agenda presented to the government for the forthcoming Budget. Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law. Also, the applicability of prosecution provisions should not be based on the absolute amount of tax evasion but should be based on real intent to evade the taxes and a certain percentage of the tax payable, it stated.
Days after Prime Minister Narendra Damodardas Modi and China's President Xi Jinping expressed their concerns about the war in Ukraine with Russian President Vladimir Putin at the SCO summit in Samarkhand, the tyrant of the Kremlin has raised the military stakes in the conflict.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Kharge said this during an interaction with party delegates at Congress office in Srinagar, where he sought their support for the All India Congress Committee presidential election.
The four incumbents -- Ami Bera, Raja Krishnamoorthi, Ro Khanna and Pramila Jayapal -- are likely to be re-elected. All four are from the Democratic party.
Bilkis Bano on Wednesday challenged the remission of sentence and release of convicts in the 2002 rape and murder case filing a plea before the Supreme Court.
The increase in stubble burning has kicked off a political slugfest, with Union Environment Minister Bhupender Yadav on Wednesday saying that there had been a 19 per cent rise in farm fires over 2021 in Punjab and that the Aam Aadmi Party had turned the national capital into a gas chamber.
Republican Kevin McCarthy was elected as the new speaker of the United States House of Representatives in a dramatic post-midnight ballot on Saturday, after days of intense negotiations and a series of humiliating defeats to finally capture the gavel on a historic 15th attempt.
In a late-night hearing on Tuesday, the Karnataka high court upheld an order of the Dharwad municipal commissioner allowing the Ganesh Chaturthi festival to be held at the Hubballi Idgah Maidan.
Shree Jagannath Temple Administration under the state law department, did not respond to the queries of Bolangir-based RTI activist Hemant Panda.
The Army has significantly bolstered its fire power along the frontier with China by deploying a range of rockets and artillery weapons and plans to procure an array of additional systems, including 100 K9 Vajra howitzers and UAVs, to augment combat prowess.
Veteran Rashtriya Janata Dal leader Awadh Bihari Chaudhary was on Friday unanimously elected as speaker of the Bihar legislative assembly.
Bihar Assembly Deputy Speaker Maheshwar Hazari on Wednesday accused outgoing Speaker Vijay Kumar Sinha of having "insulted Dalits" by denying him the opportunity to conduct proceedings of the House after stepping down.
"The fight against impunity is critical to the larger pursuit of securing peace and justice. The Security Council must send an unambiguous and unequivocal message on this count," External Affairs Minister S Jaishankar told the 15-nation UN Security Council briefing on Ukraine 'Fight against impunity'.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
In a response to the August 3 order, the Centre, represented by Solicitor General Tushar Mehta, said till the time either the legislature or the poll panel steps in, the top court must lay down "dos and don'ts" for political parties in the 'larger national interest.'
Thousands of people joined a public rally organised by Nagaland People's Action Committee (NPAC) on Friday to demand an early solution to the Naga political issue.
Rajya Sabha Chairman M Venkaiah Naidu on Monday expunged the references made by Finance Minister Nirmala Sitharaman to Sonia Gandhi in the House on July 28.
Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."
Billionaire Elon Musk has completed his $44 billion takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde. The New York Times said that Musk, the world's richest man, closed the deal to buy Twitter on Thursday. Citing people with knowledge of the situation, the report said that Musk "has started cleaning house at Twitter with the firings of at least four top executives". The Twitter executives who were fired include Agrawal, Gadde, chief financial officer Ned Segal and general counsel Sean Edgett.
Both the government and the Opposition have accused each other of "running away" from a debate on the issue.
Amid continuous disruptions, the Chair named Congress MPs Manickam Tagore, TN Prathapan, Jothimani and Ramya Haridas.
Justice Ramana said that he took up the issues concerning the appointment of judges and infrastructure during his term and hoped that he stood up to the expectations of the legal fraternity.
With his appointment as AG, the many constitutional law matters that are pending before the Supreme Court will receive specialised attention.
Mumbai's Mahakali or Kondivite Caves have been in existence since the times of the Mauryan empire.
The All India Anna Dravida Munnetra Kazhagam headquarters in Chennai was sealed by authorities on Monday following violence and vandalism between supporters of rival leaders Edappady K Palaniswami (EPS) and O Panneerselvam (OPS) in and around the party office.
His chamber had a large photograph of Shiv Sena founder Bal Thackeray and a picture of Shinde's mentor Anand Dighe next to it.
The Russia-Ukraine war is likely to improve the export profile of landlocked Chhattisgarh, which has already nearly tripled during the past three years. Chhattisgarh's exports reached Rs 25,241.13 crore in the financial year 2021-22 against Rs 9,067.92 crore worth of products shipped in 2019-20, according to the state government's data. While exports of iron and steel surged seven and a half times, rice shipping increased 4.68 times.
Justice A M Khanwilkar, the second senior-most judge of the Supreme Court, retired on Friday and thanked bar association leaders for their 'love and affection'.
'There have been many cases where clients have indicated that they feel suicidal as they feel they have no other options to deal with their financial hardship.'
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