Search results for ' Incent'

India keen to develop 5G & 6G tech: Modi

India keen to develop 5G & 6G tech: Modi

Rediff.com18 Nov 2021

India is investing in developing indigenous capabilities in 5G and 6G telecom technologies besides focusing on manufacturing semi-conductors, Prime Minister Narendra Modi said on Thursday. In a virtual address at the Sydney Dialogue, the prime minister said the "greatest product" of technology today is data and that India has created a robust framework of data protection, privacy and security. "And, at the same time, we use data as a source of empowerment of people. India has unmatched experience in doing this in a democratic framework with strong guarantees of individual rights," he said.

Qatar denies Amnesty claims of migrant worker exploitation

Qatar denies Amnesty claims of migrant worker exploitation

Rediff.com17 Nov 2021

A 48-page report by Amnesty, Reality Check 2021, said that practices such as withholding salaries and charging workers to change jobs was still rife, despite labour reforms in 2014, as the country prepares to host the soccer tournament next year.

Electric vehicles set to get costlier as battery prices rise

Electric vehicles set to get costlier as battery prices rise

Rediff.com5 Jan 2022

The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Rediff.com12 Nov 2020

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

JK separatists duped medical, engg aspirants by promising seats in Pak: Police

JK separatists duped medical, engg aspirants by promising seats in Pak: Police

Rediff.com2 Jan 2022

The chargesheet, filed by the State Investigation Agency, has highlighted several instances where parents were taken across the border using valid travel documents but were later compelled to pay extra money for their wards' admission to universities and colleges there.

Nearly 33% of India's medical devices capacity lying unused

Nearly 33% of India's medical devices capacity lying unused

Rediff.com7 Dec 2021

After ramping up production to meet the steep demand spike during the Covid-19 pandemic, Indian medical device makers are now struggling with idle capacity. According to industry estimates, around a third of the installed capacity, especially for consumables, disposables, small-ticket electronic items, etc., is lying unutilised. Sample this: India used to produce just 6.24 million pieces of PPE kits per annum before the pandemic, but by June this was ramped up to 233.87 million pieces per annum.

Maha civic body offers TV, fridge as prize for getting vaccinated

Maha civic body offers TV, fridge as prize for getting vaccinated

Rediff.com11 Nov 2021

Citizens who come to the civic-run vaccination centres to get their jabs from November 12 to 24 will get a chance to win these prizes, according to a release issued by the municipal corporation on Wednesday evening.

Factors that will dictate stocks' movement in 2022

Factors that will dictate stocks' movement in 2022

Rediff.com30 Dec 2021

From the pandemic shocks to state polls to global trends, a raft of sentiment drivers are expected to steer the Indian stock market in 2022 after a historic year of massive investor returns and milestones. The Union Budget, which will be closely watched for further reform moves, and quarterly earnings of corporates will be among the developments on investors' radar amid global central banks moving towards tighter interest regime in the wake of inflationary pressures. The year 2021 was rewarding in a big way for equity investors.

'What we need now is spending'

'What we need now is spending'

Rediff.com30 Dec 2021

'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'

In India, electric vehicles are set to get costlier from 2022

In India, electric vehicles are set to get costlier from 2022

Rediff.com27 Dec 2021

While traditional automakers in India are reeling under a global shortage of semiconductors, the country's electric vehicle (EV) makers, too, are now facing a shortage of lithium-ion batteries, a key raw material. The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries. Battery manufacturers say that prices have been increasing every quarter since the beginning of 2021.

Sitharaman bets big on infra spending to take highway to growth

Sitharaman bets big on infra spending to take highway to growth

Rediff.com1 Feb 2022

While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.

Naga Chaitanya turns VILLAIN!

Naga Chaitanya turns VILLAIN!

Rediff.com5 Nov 2021

'The fun part of playing evil is that one gets to do all the things that one would normally never do.'

Double-digit growth likely this year: CEA Subramanian

Double-digit growth likely this year: CEA Subramanian

Rediff.com30 Nov 2021

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms. He also said the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. "At this stage, I can say confidently that we should be able to achieve that fiscal deficit number. "Any shortfalls that might happen on the disinvestment side will also be accompanied by positive surprises that have happened on tax revenue," he told reporters.

J-K forms special agency for speedy probe into terror-related cases

J-K forms special agency for speedy probe into terror-related cases

Rediff.com2 Nov 2021

A state probe agency has been constituted within the Jammu and Kashmir police for speedy investigation and prosecution in terror-related cases as well as coordinating with central agencies, officials said on Tuesday.

'Government doesn't believe unemployment is a problem'

'Government doesn't believe unemployment is a problem'

Rediff.com9 Feb 2022

'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'

India to become world's fastest growing economy: FinMin report

India to become world's fastest growing economy: FinMin report

Rediff.com10 Nov 2021

Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.

Infosys Q3 net profit up 11.8% at Rs 5,809 cr

Infosys Q3 net profit up 11.8% at Rs 5,809 cr

Rediff.com12 Jan 2022

The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.

Should you buy JioPhone Next? Here's what experts say

Should you buy JioPhone Next? Here's what experts say

Rediff.com9 Nov 2021

Reliance-Google's new smartphone has got mixed reviews from analysts and brokerages. The phone pricing is seen unattractive for low-end customers and bundled offers are being viewed as non-disruptive. While this could slow the pace of adoption, it could set the stage for tariff hikes in the industry, feel analysts.

Can govt meet fiscal deficit targets? RBI has doubts

Can govt meet fiscal deficit targets? RBI has doubts

Rediff.com29 Dec 2021

The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.

'Swiggy is exploiting its delivery boys'

'Swiggy is exploiting its delivery boys'

Rediff.com3 Dec 2021

'They don't tell us what they take from customers. They don't tell customers what they give us.'

NZ name 5 spinners for India tour; Boult unavailable

NZ name 5 spinners for India tour; Boult unavailable

Rediff.com4 Nov 2021

Trent Boult and Colin de Grandhomme made themselves unavailable for selection due to the prospect of further time in bio-secure bubbles and Managed Isolation.

Vehicles bought after scrapping old ones to get tax sops

Vehicles bought after scrapping old ones to get tax sops

Rediff.com6 Oct 2021

The Union Road Transport and Highways Ministry on Wednesday said the states and union territories (UTs) will provide up to 25 per cent rebate on road tax for vehicles that are purchased after scrapping old vehicles under the new National Automobile Scrappage Policy. The ministry in a press note said that in the vehicle scrapping policy, it is proposed to have a system of incentives to nudge vehicle owners to discard old and polluting vehicles. "As an incentive for scrapping, concession is stipulated in the motor vehicle tax for a vehicle registered against submission of Certificate of Deposit, which is issued by a Registered Vehicle Scrapping Facility.

Renewable energy: Investments may cross $15 bn in 2022

Renewable energy: Investments may cross $15 bn in 2022

Rediff.com24 Dec 2021

After witnessing cloudy skies this year, the country's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175 GW renewable capacity target. India, which has an installed renewable energy generation capacity of a little over 150 GW, aims to reach 175 GW in 2022. Out of the total mix, 100 GW would be from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro power projects.

Is Nirmalaji's Economic Optimism Warranted?

Is Nirmalaji's Economic Optimism Warranted?

Rediff.com2 Nov 2021

The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.

'Imran Khan is down, but most certainly not out'

'Imran Khan is down, but most certainly not out'

Rediff.com26 Mar 2022

'He could indeed survive [the no confidence vote] even as he faces his biggest political test.'

Will India succeed to ring in 5G in 2022?

Will India succeed to ring in 5G in 2022?

Rediff.com23 Dec 2021

A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.

Consumer durables may see double digit growth in 2022

Consumer durables may see double digit growth in 2022

Rediff.com21 Dec 2021

The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.

FDI inflows seen to grow further in the New Year

FDI inflows seen to grow further in the New Year

Rediff.com21 Dec 2021

A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms have helped India receive record FDI inflows so far this year, and implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022. Notwithstanding the global slowdown and the COVID-19 pandemic, total foreign direct investments into India rose to a record $81.72 billion in 2020-21. During April-July this fiscal, FDI (foreign direct investment) into the country increased by 62 per cent to $27.37 billion.

Survival first, revival later: Hotels' mantra for 2022

Survival first, revival later: Hotels' mantra for 2022

Rediff.com20 Dec 2021

When the sun rises in 2022, the Indian hospitality industry will be waking up with prayers for survival, desperately looking forward to some form of support from the government as revival from the impact of the coronavirus pandemic of the last two years will be an arduous journey. Just as the industry was beginning to see a flickering light at the end of a long tunnel towards the end of 2021, the spread of the Omicron variant of coronavirus and subsequent extension of suspension of scheduled international passenger flights till January 31, 2022, has come as a dampener to those who were looking to have some business in the winter season. With inbound tourist arrivals unlikely amidst the pandemic, the industry wants the government to incentivise domestic travels with income tax benefits for a limited period so as to help the hospitality and tourism sector get up again by tapping the pent up demand for holidays, within the country.

Why India's exports are likely to fly high in New Year

Why India's exports are likely to fly high in New Year

Rediff.com19 Dec 2021

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.

Home registrations in Mumbai at 10-year high

Home registrations in Mumbai at 10-year high

Rediff.com30 Sep 2021

Registration of housing properties in the Mumbai municipal region increased 35 per cent year-on-year to 7,556 units during this month on rising demand, according to Knight Frank. The registrations for September 2021 were 87 per cent higher compared to the pre-pandemic period of September 2019. "Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) recorded its best September month performance. Recording 35 per cent YoY growth in property registrations in September 2021, 7,556 units is a 10-year best performance in the month of September," Knight Frank said in a statement.

Maruti Suzuki to launch EVs only after 2025: Bhargava

Maruti Suzuki to launch EVs only after 2025: Bhargava

Rediff.com27 Oct 2021

Maruti Suzuki India will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space, company chairman RC Bhargava said on Wednesday. Addressing a virtual conference on the company's second quarter earnings, he said under the current circumstances a lot of things in the EV ecosystem such as batteries, charging infrastructure and electric supply are done by other parties and therefore the costing is not in the hands of the company. Also with fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models.

Existing foreign trade policy to be extended till March '22: Goyal

Existing foreign trade policy to be extended till March '22: Goyal

Rediff.com27 Sep 2021

Commerce and Industry Minister Piyush Goyal on Monday said the existing foreign trade policy (FTP) will be extended for six months till March 31 next year. The government had earlier extended the FTP 2015-20 until September 30 this year due to the Covid-19 crisis. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.

Modi urges fugitive economic offenders to return to India

Modi urges fugitive economic offenders to return to India

Rediff.com18 Nov 2021

Prime Minister Narendra Modi on Thursday said his government is using all channels including diplomatic to bring back high-profile economic offenders, leaving them with no option but to return to the country. Speaking at a symposium on credit flow and economic growth, he asked banks to support wealth and job creators with proactive lending while promising to stand by any loans given in right earnest. "In our attempt to bring back fugitive (economic offenders), we relied on policies and law and also used diplomatic channels.

RIL, Adani to set up solar units under PLI scheme

RIL, Adani to set up solar units under PLI scheme

Rediff.com23 Sep 2021

As many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have evinced interest for setting up solar manufacturing units under a production linked incentive scheme of the government. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore.

UP will enact population control law 'at right time' with fanfare: CM

UP will enact population control law 'at right time' with fanfare: CM

Rediff.com21 Sep 2021

The state government will bring a law for population control 'at the right time,' Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday.

Nestle India increasing number of female employees

Nestle India increasing number of female employees

Rediff.com21 Sep 2021

Presently, around 23 per cent of Nestle India's workforce are women, its chairman and managing director Suresh Narayanan said on Monday. "We moved a fair degree on this. When I came to Nestle India in 2015, at that time we were at about 15-16 per cent.

Trans-Tasman tussle to determine new T20 world champions

Trans-Tasman tussle to determine new T20 world champions

Rediff.com13 Nov 2021

Australia will need their top order to fire against New Zealand's disciplined attack and persist with four specialist bowlers.

5G spectrum auction likely in April-May 2022

5G spectrum auction likely in April-May 2022

Rediff.com11 Nov 2021

The auction for the 5G spectrum is likely to take place around April-May next year, Communications Minister Ashwini Vaishnaw said on Thursday. While relief measures announced in September this year for telecom operators marked the first set of reforms, the government will bring out a series of further reforms and "telecom regulatory structure should change in coming 2-3 years", Vaishnaw said. Speaking at the 'Times Now Summit 2021', the minister said India's telecom sector regulation has to be benchmarked with the global best, and added that "so, we will come with a series of reforms in this, such that the global benchmark of regulations is achieved in India".

'India needs to do much more in Afghanistan'

'India needs to do much more in Afghanistan'

Rediff.com11 Nov 2021

'The threat of ceding space to China in Afghanistan appears to be one factor propelling our government to get a bit more active now.'