Search results for ' Incent'

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.'

Women footballers up for goals, but lack support off-field

Women footballers up for goals, but lack support off-field

Rediff.com24 Jan 2022

The view is that the attention on the national team is fleeting, incidental and dependent on the results they produce.

Investor wealth jumps Rs 3.35 lakh cr in two days

Investor wealth jumps Rs 3.35 lakh cr in two days

Rediff.com15 Sep 2021

Investors have gained Rs 335,770.71 crore in two days of market rally, with the Sensex scaling its fresh lifetime peak on Wednesday. Rising for the second day, the 30-share BSE benchmark jumped 476.11 points or 0.82 per cent to close at its new all-time high of 58,723.20. During the day, it gained 529.97 points to 58,777.06, its intra-day record.

Govt approves Rs 26,058 cr PLI scheme for auto, drone sectors

Govt approves Rs 26,058 cr PLI scheme for auto, drone sectors

Rediff.com15 Sep 2021

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday. The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India.

Sensex, Nifty surge to fresh lifetime peaks

Sensex, Nifty surge to fresh lifetime peaks

Rediff.com15 Sep 2021

NTPC was the top gainer in the Sensex pack, jumping over 7 per cent, followed by Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS and IndusInd Bank. NSE Nifty climbed 139.45 points to its new closing high of 17,519.45.

What India needs to become $5 trn economy

What India needs to become $5 trn economy

Rediff.com14 Sep 2021

India will need $8 trillion (around Rs 588 lakh crore) of gross capital formation or new greenfield assets to become a $5 trillion (around Rs 368 lakh crore) economy by FY2027, a report said. The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy. In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record $81.72 billion, 10 per cent higher than the previous financial year, it said.

India remains an attractive FDI destination

India remains an attractive FDI destination

Rediff.com14 Sep 2021

India remains an attractive destination for foreign direct investments (FDI) on account of healthy prospects of economic growth and its skilled workforce, according to a survey by Deloitte. A large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country, it said on Tuesday. "The survey, which questioned 1,200 business leaders of multinational corporations in the US, UK, Japan and Singapore, found that India remains an attractive destination for investments, scoring highly for its skilled workforce and prospects for economic growth," the survey - India's FDI Opportunity - said.

Avenge Lakhimpur through votes: Jayant Chaudhary

Avenge Lakhimpur through votes: Jayant Chaudhary

Rediff.com11 Oct 2021

Chaudhary also announced that if his party is voted into power in Uttar Pradesh, high court benches will be set up in western Uttar Pradesh, Bundelkhand and Purvanchal areas of the state.

Why former women's hockey coach Marine's salary was withheld

Why former women's hockey coach Marine's salary was withheld

Rediff.com3 Nov 2021

Former women's hockey team chief coach Sjoerd Marijne's 'full and final' salary was stopped on the recommendations of Hockey India after he was denied a 'No Objection Certificate' for failing to return his official laptop, which, according to the Dutchman, is on its way to India now.

Bad-loan market may soon see flurry of activities

Bad-loan market may soon see flurry of activities

Rediff.com29 Nov 2021

Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). It's reason for cheer given that such sales to asset reconstruction companies (ARCs) have been poor in recent times. In fiscal 2020, their assets under management (AUM) contracted by 4 per cent; and in fiscal 2021, it fell by another 100 basis points to Rs 1.07 trillion. So, why are we where we are?

India Inc's biz sentiments almost at pre-pandemic level

India Inc's biz sentiments almost at pre-pandemic level

Rediff.com9 Sep 2021

A survey, with over 3,700 respondents across digital platforms, found that transparent taxation has been one of the most significant initiatives of the government followed by the production-linked incentives (PLI) scheme, equalisation levy and new labour codes.

Govt approves Rs 10,683 cr PLI scheme for textiles

Govt approves Rs 10,683 cr PLI scheme for textiles

Rediff.com8 Sep 2021

The Cabinet on Wednesday approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for textiles sector with an aim to boost domestic manufacturing and exports. The decision was taken in a meeting which was chaired by Prime Minister Narendra Modi. The Cabinet "has approved the PLI scheme for textiles for MMF (man-made fibre) apparel, MMF fabrics and ten segments/ products of technical textiles with a budgetary outlay of Rs 10,683 crore," Textiles Minister Piyush Goyal told reporters.

After swinging over 400 points, Sensex ends in red

After swinging over 400 points, Sensex ends in red

Rediff.com8 Sep 2021

Nestle was the top loser in the Sensex pack, shedding over 2 per cent, followed by Maruti, Bajaj Finserv, Bajaj Auto, TCS and L&T. NSE Nifty slipped 8.60 points to 17,353.50.

Voda Idea wants govt to bail it out of present crisis

Voda Idea wants govt to bail it out of present crisis

Rediff.com7 Sep 2021

Ailing telecom operator Vodafone Idea has flagged the industry's "unsustainable financial duress" in its latest annual report and hoped that the government would provide the necessary support to address "all structural issues" faced by the sector. In the chairman's letter to shareholders, Himanshu Kapania cited persistent challenges in the operating environment, amid "unsustainable pricing" and "hyper-competition" during FY21. Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments.

'What investors want is stability'

'What investors want is stability'

Rediff.com28 Jan 2022

'Hope they don't tinker around with capital gains tax in any way.'

Why Indians Study Medicine In Ukraine

Why Indians Study Medicine In Ukraine

Rediff.com2 Mar 2022

'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'

Automakers in India gear up to launch affordable EVs

Automakers in India gear up to launch affordable EVs

Rediff.com22 Dec 2021

India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.

'We've reduced hate speech by half'

'We've reduced hate speech by half'

Rediff.com26 Nov 2021

'Our proactive detection rate for hate speech in India is close to 97 per cent -- which means that of the hate speech content we remove, we detect 97 per cent of it proactively, even before anyone reports it.'

'Budget has long-term vision'

'Budget has long-term vision'

Rediff.com2 Feb 2022

'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'

Public sector bankers have got away for too long

Public sector bankers have got away for too long

Rediff.com25 Nov 2021

Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.

'Markets are looking towards FY23 earnings'

'Markets are looking towards FY23 earnings'

Rediff.com24 Sep 2021

'We remain positive on technology, private sector financials, gas, infrastructure, and export-oriented plays.'

'Change to electric vehicles is happening faster than anticipated'

'Change to electric vehicles is happening faster than anticipated'

Rediff.com12 Oct 2021

'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'

PE/VC investments touch all-time high of $9.5 bn in July

PE/VC investments touch all-time high of $9.5 bn in July

Rediff.com16 Aug 2021

Investments by private equity and venture capital funds doubled to a record high of $9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at $4.1 billion in the year-ago period. The activity was higher by 77 per cent when compared to June's $5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.

India's Quest For A Role In The Future Of Semiconductors

India's Quest For A Role In The Future Of Semiconductors

Rediff.com28 Dec 2021

'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.

Govt to release Rs 56,027 cr to exporters against pending tax refunds

Govt to release Rs 56,027 cr to exporters against pending tax refunds

Rediff.com9 Sep 2021

Giving a relief to exporters community, the government on Thursday said it will release Rs 56,027 crore to exporters against pending tax refunds under different incentive schemes for outbound shipments. The amount will be disbursed to more than 45,000 exporters. Briefing the media about the decision, Commerce and Industry Minister Piyush Goyal said that the Rs 56,027 crore, which is being released under various export promotion schemes, is over and above duty remission of Rs 12,454 crore for the Remission of Duties and Taxes on Export Products (RoDTEP) Scheme and Rs 6,946 crore for Rebate of State and Central Levies and Taxes (RoSCTL) Scheme already announced.

'Made in India' iPhones make Apple's 70% India sales

'Made in India' iPhones make Apple's 70% India sales

Rediff.com6 Sep 2021

In a major push towards 'Make in India', Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India, according to sources aware of the development. This is a sharp rise from the figure of 30 per cent just two years ago and marks a major shift in Apple's strategy following the government's Production Linked Incentive (PLI) scheme that kicked off in FY'21. One of Apple's three vendors here, Foxconn, is currently manufacturing the best-selling model, the Apple 11, along with the Apple 10 and the Apple 12. Another contract manufacturer, Wistron, makes the Apple SE 2020. (The third, Pegatron, has yet to start production). The only models that are imported (they have limited volumes but high value) are the Apple 12 Pro and Pro Max.

Sensex: How long will the good times last?

Sensex: How long will the good times last?

Rediff.com26 Dec 2021

As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.

What India Inc says about Budget 2022

What India Inc says about Budget 2022

Rediff.com2 Feb 2022

Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?

Full Text: President's joint address to both houses of Parliament

Full Text: President's joint address to both houses of Parliament

Rediff.com31 Jan 2022

Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.

'Physical torture remains the main form of interrogation'

'Physical torture remains the main form of interrogation'

Rediff.com19 Nov 2021

'One police officer told me that trials take forever, conviction rates are low.' 'So one way to judge states' performance on handling crime is through the 'recovery rate' of their police.' 'The fastest way to get recovery is by torturing the accused.'

India expected to see 7% growth next fiscal: CEA

India expected to see 7% growth next fiscal: CEA

Rediff.com28 Jul 2021

Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections.

Lenovo on expansion spree in India

Lenovo on expansion spree in India

Rediff.com26 Aug 2021

Tech major Lenovo on Thursday said it is significantly ramping up its local manufacturing capabilities in India across product categories like PCs, notebooks and smartphones to meet the increasing customer demand. While the company did not disclose the investment being made, Lenovo said it is expanding in India across all business lines, including PC and smart devices, smart phones, infrastructure solutions, and especially in the newly established services and solutions group. Lenovo has expanded its in-house PC manufacturing plant in Puducherry to include a third manufacturing line, while it has started local manufacturing of its tablet computers in partnership with Wingtech Technology in Tirupati, Andhra Pradesh.

Time to Hold or Fold in the Market?

Time to Hold or Fold in the Market?

Rediff.com15 Nov 2021

The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.

FDI key to India's dream to be a $5 trn economy: Deloitte CEO

FDI key to India's dream to be a $5 trn economy: Deloitte CEO

Rediff.com20 Sep 2021

Foreign Direct Investment (FDI) is critically important for India to become a $5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India. Referring to the survey, he said India continues to be "one of the most attractive" FDI destinations. "Despite the COVID-19 destruction, inflows hit a record high last year. "Business leaders, whom Deloitte surveyed, are preparing to make additional and first-time investments in India," Renjen said.

How top realtors plan to transform Central Mumbai

How top realtors plan to transform Central Mumbai

Rediff.com22 Aug 2021

One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.

Kejriwal govt to identify single-use plastic littering hotspots; shut mfg units by Jun 2022

Kejriwal govt to identify single-use plastic littering hotspots; shut mfg units by Jun 2022

Rediff.com18 Aug 2021

The Delhi government will identify single-use plastic littering hotspots and the entry points of such items into water bodies and drains by October 31 this year, according to a draft action plan for the elimination of the environmentally hazardous products.

Space tech firms urge PM to expedite approvals, fine tune rules

Space tech firms urge PM to expedite approvals, fine tune rules

Rediff.com12 Oct 2021

Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).

India Inc offer return gifts to get staff back to office

India Inc offer return gifts to get staff back to office

Rediff.com13 Sep 2021

As Covid-19 cases recede, India Inc is once again tweaking work rules. Big tech companies such as TCS, Wipro and Infosys have either begun or are in the process of calling employees back to office in a staggered manner. A survey by Aon, a global professional services firm, has found that 60 per cent of tech firms now expect every second employee to come to office. More than half of the employees working in engineering and manufacturing firms are also being asked to return to work.