Search results for ' Incent'

Budget 2024: What India Inc wants from Nirmalaji

Budget 2024: What India Inc wants from Nirmalaji

Rediff.com20 Jun 2024

India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.

Nirmalaji Listens To Economists' Ideas

Nirmalaji Listens To Economists' Ideas

Rediff.com20 Jun 2024

'The Budget needs to focus more on social welfare schemes.'

T20 WC: West Indies, England set for Super 8 run fest

T20 WC: West Indies, England set for Super 8 run fest

Rediff.com19 Jun 2024

Hosts West Indies primed for Super 8 clash against defending champions England

Value-add target in new PLI scheme for electronics manufacturing may double

Value-add target in new PLI scheme for electronics manufacturing may double

Rediff.com19 Jun 2024

In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components, sources in the government

Coalition Won't Block Modi's Reforms

Coalition Won't Block Modi's Reforms

Rediff.com29 Jun 2024

'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.

iPhone exports from India hit $2 billion in April-May

iPhone exports from India hit $2 billion in April-May

Rediff.com12 Jun 2024

Technology giant Apple Inc has pushed the pedal on exporting iPhones from India by racking up exports valued at over $2 billion in the first two months of the current financial year (FY25), according to the data provided by vendors to the government. This accounts for 81 per cent of the country's total production of iPhones worth $2.6 billion. In May, Apple repeated its performance of April and once again crossed $1 billion of iPhone exports.

Manufacturing Funds Flavour Of Season, But...

Manufacturing Funds Flavour Of Season, But...

Rediff.com20 Jun 2024

'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'

Nirmalaji 1st FM To Present 7 Budgets

Nirmalaji 1st FM To Present 7 Budgets

Rediff.com11 Jun 2024

Ensuring that government capex crowds in private investment will be one of her challenges.

Why Did Naidu Meet Modi?

Why Did Naidu Meet Modi?

Rediff.com5 Jul 2024

According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.

Green Mobility To Get Bigger Boost Under Modi 3.0

Green Mobility To Get Bigger Boost Under Modi 3.0

Rediff.com10 Jun 2024

As Modi's government embarks on its third term, apart from ensuring these schemes boost India's green mobility, addressing bottlenecks like battery swapping and meeting PLI deadlines are likely to be the government's major tasks.

What CII wants Modi 3.0 govt to do to boost growth

What CII wants Modi 3.0 govt to do to boost growth

Rediff.com13 Jun 2024

Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.

'I Hope We Don't Get A Bubble Too Soon'

'I Hope We Don't Get A Bubble Too Soon'

Rediff.com21 Jun 2024

'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'

'FAME must include tractors and LCVs'

'FAME must include tractors and LCVs'

Rediff.com15 Jun 2024

'The scheme excludes tractors, light commercial vehicles, and medium and heavy commercial vehicles.'

Back to basics: Paytm's focus is payments and distribution

Back to basics: Paytm's focus is payments and distribution

Rediff.com14 Jun 2024

Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.

Time To Make Budget More Transparent

Time To Make Budget More Transparent

Rediff.com21 Jun 2024

The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.

What India Inc Expects From Modi 3.0

What India Inc Expects From Modi 3.0

Rediff.com7 Jun 2024

'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'

What Star Rating Does Your AC Have?

What Star Rating Does Your AC Have?

Rediff.com18 Jun 2024

Since 2008, the Bureau of Energy Efficiency is running a star rating programme, under which electric equipment are rated according to their efficiency. This in turn helps the consumers save electricity.

In home and office, India's real estate market is charting a course for growth

In home and office, India's real estate market is charting a course for growth

Rediff.com8 Jun 2024

India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).

Cashless Health Claims To Be Approved In 1 Hour

Cashless Health Claims To Be Approved In 1 Hour

Rediff.com30 May 2024

Health insurance policy-holders will be able to avail a discount on the premium payable if there were no claims made in the previous year, according to the circular released by the regulator.

SEBI Cracks Down On Stock Market Fantasy Games

SEBI Cracks Down On Stock Market Fantasy Games

Rediff.com25 May 2024

'MIIs or market intermediaries shall enter into an appropriate agreement with entities with whom they intend to share real-time price data.'

Auto, BFSI dominated Q4 earnings circuit

Auto, BFSI dominated Q4 earnings circuit

Rediff.com25 Jun 2024

Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.

Smartphones, India's 4th Largest Exports!

Smartphones, India's 4th Largest Exports!

Rediff.com23 May 2024

Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.

Bonanza for Team India! BCCI announces 'Test incentive' scheme

Bonanza for Team India! BCCI announces 'Test incentive' scheme

Rediff.com9 Mar 2024

The Indian team were rewarded with a bonus as the BCCI announced the launch of the 'Test Cricket Incentive Scheme'.

Premium devices to dial up growth in India's smartphone market in 2024

Premium devices to dial up growth in India's smartphone market in 2024

Rediff.com23 May 2024

Indian smartphone sales, traditionally dominated by the entry and mid-range segments, are set to change as high-end and super-premium devices capture consumer attention. The premium category is expected to grow by more than 20 per cent in calendar year (CY) 2024 compared to the previous year. While the overall smartphone market is expected to w

Tata Motors' upsides may sputter on demand worries

Tata Motors' upsides may sputter on demand worries

Rediff.com20 May 2024

Notwithstanding robust volume growth and a strong performance from Jaguar Land Rover (JLR), Tata Motors, the country's second-largest automobile (auto) manufacturer by market capitalisation, disappointed the Street with its January-March quarter (Q4) results for 2023-24 (FY24). While consolidated revenues saw a 13 per cent increase, lower-than-expected realisations in the Indian operations weighed down overall performance.

Men with 2 wives will get Rs 2 lakh: Congress leader

Men with 2 wives will get Rs 2 lakh: Congress leader

Rediff.com10 May 2024

The Congress has promised to introduce the 'Mahalaxmi Scheme' in the poll manifesto which will provide Rs 1 lakh annually to the poor to alleviate poverty.

'Economy Is Not Creating Enough Jobs'

'Economy Is Not Creating Enough Jobs'

Rediff.com27 May 2024

'The policy focus of the government should have been on creating more good quality jobs but that was not their focus.'

Finnish phone maker HMD plans to make India its manufacturing hub

Finnish phone maker HMD plans to make India its manufacturing hub

Rediff.com10 May 2024

Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports. The company only began exporting late last year with the Nokia 105 Classic. What started mainly with feature phones will now extend to smartphones - it announced the global launch of models under the HMD brand for the first time a few days ago and these will be available in India too.

Paytm net loss widens to Rs 550 crore in Q4

Paytm net loss widens to Rs 550 crore in Q4

Rediff.com22 May 2024

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.

Wipro CEO Srinivas Pallia's annual remuneration may be around Rs 50 crore

Wipro CEO Srinivas Pallia's annual remuneration may be around Rs 50 crore

Rediff.com30 Apr 2024

Wipro's new CEO Srinivas Pallia will receive an annual remuneration of up to $6 million (about Rs 50 crore), according to a regulatory filing by the Bengaluru-headquartered IT company. Earlier in April, Wipro announced the appointment of Pallia as its new CEO and MD, following the sudden resignation of Thierry Delaporte. Delaporte's annual salary of over Rs 80 crore at Wipro had made headlines last year.

Is India's Marble Industry Facing A Bleak Future?

Is India's Marble Industry Facing A Bleak Future?

Rediff.com9 May 2024

'Every year, the marble industry is shrinking due to tiles. It has already decreased by 20-25 per cent in recent years.'

Lara on how to save Tests in time of flourishing franchise leagues

Lara on how to save Tests in time of flourishing franchise leagues

Rediff.com9 May 2024

While Lara agreed in principle to the point, he found differences too in the two models.

Boxer Nikhat keeping distractions aside ahead of date with destiny

Boxer Nikhat keeping distractions aside ahead of date with destiny

Rediff.com8 May 2024

'Basically, I have hit energy saving mode, indulge my sweet tooth on cheat days, do grocery shopping, listen to music, it helps me stay calm.'

Above-normal monsoon likely to ease food prices: FinMin

Above-normal monsoon likely to ease food prices: FinMin

Rediff.com26 Apr 2024

With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.

India-made chips may soon power iPhones

India-made chips may soon power iPhones

Rediff.com26 Apr 2024

Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.

How China Is Wooing Elon Musk

How China Is Wooing Elon Musk

Rediff.com30 Apr 2024

'Companies like Tesla and others have been given a long rope in India.'

Tesla begins formal talks with govt

Tesla begins formal talks with govt

Rediff.com19 Apr 2024

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.

Reliance, JSW in fray for 10 Gwh ACC Battery PLI

Reliance, JSW in fray for 10 Gwh ACC Battery PLI

Rediff.com24 Apr 2024

The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). "The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 Gwh," the ministry said in a statement. After the re-auctioning for the manufacturing unit was announced in January, the pre-bid meeting was held on February 12, the ministry said.

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Rediff.com22 Apr 2024

Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts fell short of the RE. Net direct tax collection stood at Rs 19.58 trillion in FY24, surpassing the RE of Rs 19.45 trillion by Rs 13,000 crore, or 0.7 per cent. The government had revised up FY24 projections for personal income tax by 13.5 per cent over the Budget estimates (BE) of Rs 9 trillion, at Rs 10.22 trillion.

e-Shram may open door to govt benefits for workers

e-Shram may open door to govt benefits for workers

Rediff.com15 Apr 2024

The Bharatiya Janata Party (BJP) led central government will use the unorganised workers database - e-Shram portal - to provide the benefits of various government programmes to the nearly 300 million workers over the next five years, if it is voted to power for the third consecutive term in the upcoming general elections. "We have registered unorganised workers on the e-Shram platform. "We will reach out to the e-Shram registered 'shramik bandhu' and help them avail the benefits of various government programmes that they are eligible for," the manifesto of the party read.