Search results for ' Incent'

Look Out For Smaller Company Stocks

Look Out For Smaller Company Stocks

Rediff.com2 Feb 2023

They will not be followed by analysts and no fund manager can buy such small companies with low trading liquidity.
Large companies, those that are talked about in the media and tracked on social media, have already been discovered. They won't lead to extraordinary gains, Debashish Basu points out.

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Rediff.com19 Jan 2023

Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Rediff.com20 Dec 2022

The government has approved Rs 357.17 crore for Apple's vendor Foxconn India and Rs 58.29 crore for Dixon Technologies subsidiary Padget Electronics under the Production-Linked Incentive scheme for mobile phones. This is the first time the government has cleared an incentive of a global company engaged in electronics manufacturing in the country. "Foxconn Hon Hai Technology India Mega Development Pvt. Ltd is the first global company that has been approved under the target segment 'Mobile Phones' (in the category of invoice value of Rs 15,000 and above) to receive incentive under mobile manufacturing for the period 1 August 2021-31 March 2022 based on its incremental investments and sales figures.

Nothing To Not Like In The Budget

Nothing To Not Like In The Budget

Rediff.com8 Feb 2023

Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.

China's population declines for first time since 1961

China's population declines for first time since 1961

Rediff.com17 Jan 2023

China's population in 2022 -- 1.4118 billion -- fell by 850,000 from 2021, the National Bureau of Statistics (NBS) said.

How Toyota India will tackle it's slow growth

How Toyota India will tackle it's slow growth

Rediff.com17 Jan 2023

'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'

Mutual Funds' Rs 100 Trillion Opportunity

Mutual Funds' Rs 100 Trillion Opportunity

Rediff.com23 Mar 2023

Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.

Infra Brushstrokes For The Budget

Infra Brushstrokes For The Budget

Rediff.com30 Jan 2023

7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.

Debt Funds An Attractive Option In 2023

Debt Funds An Attractive Option In 2023

Rediff.com16 Jan 2023

Besides high portfolio yield, investors may enjoy capital gains in debt funds in 2023 as bonds rally in anticipation of rate cuts.

Air India pilots warn of non-co-operation

Air India pilots warn of non-co-operation

Rediff.com16 Dec 2022

Pilots working with Air India have warned of non-co-operation if restoration of pre-Covid overtime allowance is delayed, and if other practices they say are 'discriminatory' continues. "We cannot assure that our members will undertake flying duties exceeding 70 hours a month. Any coercive action by the management will lead to industrial action to safeguard flight safety and well-being of our members," the Indian Commercial Pilots Association and the Indian Pilots Guild said in a joint letter to Air India's management on Tuesday.

Why Short-Sellers Like Hindenburg Matter

Why Short-Sellers Like Hindenburg Matter

Rediff.com8 Feb 2023

Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.

'Adani affair overshadowed Budget's stability, prudence'

'Adani affair overshadowed Budget's stability, prudence'

Rediff.com6 Feb 2023

'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'

'Finance minister's fiscal marksmanship has been very good'

'Finance minister's fiscal marksmanship has been very good'

Rediff.com30 Jan 2023

'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

US comfortable with India buying oil from Russia: Biden aide

US comfortable with India buying oil from Russia: Biden aide

Rediff.com17 Feb 2023

By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 and Washington is "comfortable" with New Delhi over its approach in addressing issues relating to energy security, a top Biden administration official said.

Draft Digital Bill to be available for public by Dec-end

Draft Digital Bill to be available for public by Dec-end

Rediff.com8 Dec 2022

After the draft data protection bill, the government is now all set to bring another key legislation -- Digital India Bill -- that will be made available for public consultation by the month-end, Minister of State for IT Rajeev Chandrasekhar said on Thursday. The Digital India Bill, which will replace the 22-year old Information Technology (IT) Act, will be contemporary and a modern piece of legislation, the Minister promised. The proposed bill, alongside the Digital Personal Data Protection (DPDP) Bill whose draft was released recently, will contribute to the evolving framework which is light on regulation, safeguards consumer rights and catalyses innovation, the minister said while speaking at CII Global Economic Policy Summit 2022.

6 states report fewer formal jobs for youth in Q2

6 states report fewer formal jobs for youth in Q2

Rediff.com6 Dec 2022

Six states out of 22 major states and Union Territories (UTs) generated fewer formal jobs for the youth in the September quarter than they did in the corresponding quarter a year ago, a Business Standard analysis of the data released by the Employees Provident Fund Organisation (EPFO) shows. States like Punjab (-12.4 per cent), Himachal Pradesh (-10.3 per cent), Jharkhand (- 7.2 per cent), Assam (-3.7 per cent), Gujarat (-3.4 per cent) and Rajasthan (-.1.1 per cent) saw further decline in the number of net new subscribers in the second quarter (Q2) of FY23 compared to the last year. The analysis did not include northeastern states, except for Assam. This is crucial as the subscribers in the 18-28 age group are seen as first-timers in the labour market, thus reflecting the robustness of the job market.

Toy story: India is fast closing the gap with China

Toy story: India is fast closing the gap with China

Rediff.com20 Dec 2022

Although India's share in the world toy trade has marginally improved, it still lags behind China's. Toys are not China's main item of export, but about two-thirds of the toys sold globally are from China. The world exported toys worth $73.2 billion in 2021: China accounted for 66.2 per cent, or $48.5 billion of that, out of which mainland China made up $46.1 billion and Hong Kong $2.4 billion.

Old Vs New Tax Regime: Which's Better?

Old Vs New Tax Regime: Which's Better?

Rediff.com16 Feb 2023

Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.

IMF sees India as 'bright spot' in global economy, says PM Modi

IMF sees India as 'bright spot' in global economy, says PM Modi

Rediff.com11 Jan 2023

Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. In the past eight years, the government has increased the speed of reforms and removed many hurdles in the way of investments.

Why NASA Recognised Navaneeth Krishnan

Why NASA Recognised Navaneeth Krishnan

Rediff.com16 Jan 2023

'I started looking at the raw images put out by NASA 10-12 years ago.'

EV makers seek extension of FAME II subsidies in Budget

EV makers seek extension of FAME II subsidies in Budget

Rediff.com21 Jan 2023

as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.

'Expect moderate returns from markets in near term'

'Expect moderate returns from markets in near term'

Rediff.com6 Jan 2023

'Given the worries about sluggish growth, rising interest rates and likely volatility, it's quite logical to infer that the SIP route could be the preferred way of investing.'

Poll star Sitharaman woos middle class, women with tax and savings sops

Poll star Sitharaman woos middle class, women with tax and savings sops

Rediff.com1 Feb 2023

Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.

'Not the time for aggressive fiscal consolidation'

'Not the time for aggressive fiscal consolidation'

Rediff.com28 Dec 2022

The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.

In 'white gold' rush, India starts talks with lithium-rich nations

In 'white gold' rush, India starts talks with lithium-rich nations

Rediff.com13 Dec 2022

To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Rediff.com28 Nov 2022

Ola Electric has finalised its second phase of expansion, under which it will increase its plant capacity fourfold - from 1 million two-wheelers per annum to 4 million. This will also include motorcycles, said a top executive of the company. It will also build a plant with a 5 Gwh of advanced chemistry cell battery storage capacity in the same super factory located on the outskirts of Bengaluru.

Govt on track to meet fiscal deficit target of 6.4% for FY23: World Bank

Govt on track to meet fiscal deficit target of 6.4% for FY23: World Bank

Rediff.com6 Dec 2022

The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India Development Update on Tuesday. High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel. Notwithstanding an increase in spending due to expanded fertilizer subsidies and food subsidies for vulnerable households in response to the commodity price shock, the government is on track to meet its FY22/23 fiscal deficit target of 6.4 per cent of GDP and the general government deficit is projected to decline to 9.6 per cent from 10.3 per cent in FY21/22 and 13.3 per cent in FY20/21.

How a tortoise made due diligence process NPA-free

How a tortoise made due diligence process NPA-free

Rediff.com28 Dec 2022

Only NIIF has stayed the course as a viable infrastructure financing institution.

Do FTAs boost manufacturing, exports? Not always

Do FTAs boost manufacturing, exports? Not always

Rediff.com20 Nov 2022

Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'.

China Plus One: Low labour costs and growing workforce give India the edge

China Plus One: Low labour costs and growing workforce give India the edge

Rediff.com5 Dec 2022

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.

How Foxconn, Dixon are using the PLI route to boost manufacturing in India

How Foxconn, Dixon are using the PLI route to boost manufacturing in India

Rediff.com3 Jan 2023

They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.

India offers policy stability, transparency: Sitharaman

India offers policy stability, transparency: Sitharaman

Rediff.com3 Nov 2022

India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country. Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India." During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added.

India will touch peak population of 1.69 bn in 2063

India will touch peak population of 1.69 bn in 2063

Rediff.com18 Nov 2022

Indian cities need $840 bn investment over 15 yrs, says World Bank report.

Centre cut funds for Chhattisgarh's anti-Maoist ops, says minister

Centre cut funds for Chhattisgarh's anti-Maoist ops, says minister

Rediff.com2 Nov 2022

State Home Minister Tamradhwaj Sahu said that in 2013-14, the state had received Rs 50 crore for police modernisation from the Centre. The allocation has come down to Rs 20 crore right now.

Maha govt to bring white paper on mega projects going to other states

Maha govt to bring white paper on mega projects going to other states

Rediff.com1 Nov 2022

The Maharashtra government will issue a white paper in the next 30 days on some mega projects going out of the state and if any steps were taken by the previous MVA government to retain them, Industries Minister Uday Samant said in Mumbai on Tuesday. The Eknath Shinde-Devendra Fadnavis government is under fire from the Opposition which has accused the ruling dispensation of failing to retain big-ticket Vedanta-Foxconn and Tata-Airbus projects in the state. Both projects chose Gujarat over Maharashtra to set up their units.

India has no intention of capturing land of other nations: Rajnath

India has no intention of capturing land of other nations: Rajnath

Rediff.com17 Dec 2022

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".

Stalin's son Udhayanidhi made minister, says work will speak

Stalin's son Udhayanidhi made minister, says work will speak

Rediff.com14 Dec 2022

Dravida Munnetra Kazhagam legislator and the party's youth wing secretary Udhayanidhi Stalin was sworn in as minister in Chennai on Wednesday by Tamil Nadu Governor R N Ravi.

How drones can give wings to farmers

How drones can give wings to farmers

Rediff.com13 Nov 2022

So far, the drones that were considered important for the agriculture sector were nature-made winged-insects - a key component of the bee-based natural pollination cycle. The new-age drone is a whirring machine with rotors that can help farmers plan and grow and manage their crops. For the farm sector in India, which has had low levels of mechanisation, the impact of drones can be tremendous. The use of drones can help it leapfrog to modernisation in the same way that mobile phones helped India overcome its traditional lack of connectivity.

How Your Workplace Will Change in 2023

How Your Workplace Will Change in 2023

Rediff.com21 Dec 2022

As employers eye quality talent, employees will enjoy an upper hand in demanding high pay, better benefits, remote work options and other perks, predicts Navneet Singh, CEO, Avsar, a talent management firm.