The widespread agitation across the country over the government’s new legislations on agriculture has induced several doubts about the Modi-governments intent towards farmers and the farming sector. Addressing the nation about the farmers agitation at an event in Kutch, Gujarat, Prime Minister Narendra Modi said that the farmers are being misled by the opposition and that “the Government of India is always committed to farmer welfare and we will keep assuring the farmers and addressing their concerns.” Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
67 years after handing over the reigns of Air India to the Indian government, the Tata Group, India’s largest conglomerate, is believed to have submitted an expression of interest for the beleaguered national airline. The Tata Group has a significant expression of interest in AirAsia through which they have submitted the proposal. If this deal is in fact secured by the Tata Group, life would have come a full circle for the conglomerate with having been the pioneers in the Indian aviation sector to reentering the market at a time when privatisation is imperative.
In today’s fast-paced world powered by digital communication, you’d be lucky to not succumb the lure of social media platforms.The global digital landscape is still evolving rapidly as we enter the second half of 2020, with the ongoing Coronavirus pandemic continuing to influence and reshape various aspects of people’s daily lives. Lockdowns may have been lifted across many countries, but many of the new digital behaviours that people adopted during confinement have endured, resulting in meaningful increases in various kinds of digital activity.On average internet users around the world spent 2 hours and 22 minutes on social media per day, though trends differed vastly by country.Some of the more developed markets have shown signs of plateauing which could be driven by aging populations in these countries. During a typical day in Japan, people spend only three quarters of an hour staying connected on social networks. Germany posts only slightly higher numbers, with users going on social media for one hour and twenty minutes every day, while the UK and the U.S. both spent closer to two hours per day engaging with social mediaIn many of the markets that social media use had shrunk or plateaued in Q1 2020 when compared with 2019 and 2018 figures - the 2021 report will reveal if the coronavirus pandemic has reversed this trend.Here’s a look at the countries that spent most time on social media during 2020.Note: 6, 76,000 users aged 16-64 were interviewed across 46 markets.Source: Global Web Index via datareportal.com, World Economic Forum
Not only is the Indian army one of the largest armies in the world, it is also, with a total personnel count of 4,207,250 as of 2018, one of the most powerful in the world. However, you will be surprised to discover that there are some countries in the world that do not have an armed force at all.The term country here means sovereign states and not dependencies (e.g., Guam, Northern Mariana Islands, Bermuda), whose defence is the responsibility of another country or an army alternative. Many of the countries listed here typically have had a long-standing agreement with a former occupying country to ensure their national security concerns.Source: Wikipedia
From being born with a silver-spoon in his mouth, to becoming a successful businessman and politician, and finally a fugitive! Vijay Mallya’s flamboyance and arrogant disposition knew no bounds.Trouble continues to brew for the beleaguered businessman whose assets worth €1.6 million were seized in France by the The Enforcement Directorate (ED) under the anti-money laundering act on Dec 4, 2020.Here’s a closer look at how it all began for Mallya and some lesser known facts about his personal life and lifestyle. And notwithstanding his fall, there’s no denying that he was the ‘King of good times’ for as long as it lasted!
The much awaited stimulus package, the third in a row, was announced by Finance Minister Nirmala Sitharaman on 12th November, 2020. But several points covered by the finance ministry could be lost on the common man who eagerly seeks to understand what in it for him/her.Here’s are the major highlights and the 12 main announcements made by the Finance Minister at a glance.FM began her speech by stating that she wished to announce a few new measures and the next steps in the series of the stimulus announcements they’ve been making.She expressed her wish to give a picture of the economy as is stands now and also to highlight the progress that the government has been making with regards to the Atmanirbhar announcements made over the months during 2020.She affirmed that there is definitely a strong recovery that is emerging.Source: https://www.pib.gov.in/
In the interest of further simplifying and to help you to organise yourself more efficiently Yahoo brings you a series of step-by-step guides sieved from government websites. Your PAN (Permanent Account Number) will be your user id. If not, go to ‘Profile Settings’ on Menu bar and click on ‘Link Aadhaar’.
Here are all the major announcements made by the Finance Ministry today: Outlay of stimulus package announced till date The size of the stimulus being provided by the government, as part of the 12 announcements made today under Aatma Nirbhar Bharat 3.0, amounts to ₹ 2.65 lakh crore, Finance Minister Nirmala Sitharaman announced today as she presented the following data. Key takeaways -Nirmala Sitharaman announced sector-specific measures, particularly for the sectors worst affected by the pandemic. All measures announced in stimulus package are showing progress the FM said.
Having a bank account is not only essential, but a necessity in all walks of life. People are often confused about the difference between various types of bank accounts or are simply ignorant to understand how each bank account type functions, what are the facilities available on each account type, and how much the bank charges for maintenance of these accounts. Based on the purpose, frequency of transaction, and location of the account-holder, banks offer a bouquet of bank accounts to choose from.
Hurun India and EdelGive today released the seventh edition of EdelGive Hurun India Philanthropy List 2020. Azim Premji & family, the Founder-Chairman of Wipro topped the 2020 list, while Shiv Nadar, Founder-Chairman of HCL Technologies, ranked second; followed by richest Indian Mukesh Ambani, Chairman, Reliance Industries at the third spot. The fourth spot was earned by Kumar Mangalam Birla, Chairman, Aditya Birla Group followed by Anil Agarwal, Chairman, Vedanta Group at the 5th spot.
At its core, regulation is about freedom to do business.Regulation aims to prevent worker mistreatment by greedy employers (regulation of labor), to ensure that roads and bridges do not collapse (regulation of public procurement), and to protect one’s investments (minority shareholder protections).All too often, however, regulation misses its goal, and one inefficiency replaces another, especially in the form of government overreach in business activity.Governments in many economies adopt or maintain regulation that burdens entrepreneurs. Whether by intent or ignorance, such regulation limits entrepreneurs’ ability to freely operate a private business. As a result, entrepreneurs resort to informal activity, away from the oversight of regulators and tax collectors, or seek opportunities abroad—or join the ranks of the unemployed.Foreign investors avoid economies that use regulation to manipulate the private sector. By documenting changes in regulation in 12 areas of business activity in 190 economies, Doing Business analyses regulation that encourages efficiency and supports freedom to do business.The data collected by Doing Business address three questions about government.-First, when do governments change regulation with a view to develop their private sector?-Second, what are the characteristics of reformist governments?-Third, what are the effects of regulatory change on different aspects of economic or investment activity?Answering these questions adds to our knowledge of development. With these objectives at hand, Doing Business measures the processes for business incorporation, getting a building permit, obtaining an electricity connection, transferring property, getting access to credit, protecting minority investors, paying taxes, engaging in international trade, enforcing contracts, and resolving insolvency.Research demonstrates a causal relationship between economic freedom and gross domestic product (GDP) growth, where freedom regarding wages and prices, property rights, and licensing requirements leads to economic development.Of the 190 economies measured by Doing Business 2020, land registries in 146 lack full geographic coverage of privately owned land. All privately held land plots are formally registered in only 3% of low-income economies.Overall, on the registering property indicator set, 92 economies receive a score of zero on the geographic coverage of privately owned land index, on the transparency of information index, and 31 on the reliability of infrastructure index.Globally, property registration processes remain most inefficient in the South Asia and Sub-Saharan Africa regions.Doing Business 2020 shows that effectiveness of trading across borders also varies significantly from economy to economy.Doing Business benchmarks aspects of business regulation and practice using specific case studies with standardised assumptions. The strength of the business environment is scored on the basis of an economy’s performance in each of the 10 areas included in the ease of doing business ranking.This approach facilitates the comparison of regulation across economies.The ease of doing business score serves as the basis for ranking economies on their business environment: the ranking is obtained by sorting the economies by their scores.The ease of doing business score shows an economy’s absolute position relative to the best regulatory performance, whereas the ease of doing business ranking is an indication of an economy’s position relative to that of other economies.Doing Business 2020 acknowledges 22 reforms in the 20 top-ranking economies.Since 2003/04, the 20 best-performing economies have carried out a total of 464 regulatory changes, suggesting that even the gold standard setters have room to improve their business climates.So, where does India stand on the list of economies that are provide conducive climate for ease of doing business? Take a lookSource: Doing Business database. Note: The rankings are benchmarked to May 1, 2019, and based on the average of each economy’s ease of doing business scores for the 10 topics included in the aggregate ranking. For the economies for which the data cover two cities, scores are a population-weighted average for the two cities. Rankings are calculated on the basis of the unrounded scores, while scores with only one digit are displayed in the table.
Aditya Puri will be guiding global Carlyle on investment opportunities across Asia as a senior advisor, the global private equity major said on Monday. The announcement has come within a week of Puri’s retirement from HDFC Bank as the chief executive and managing director. Puri is widely credited for building HDFC Bank from scratch and making it the largest in the private sector space and the most valuable one.
The Mercer CFA Global Pension Index uses three sub-indices - adequacy, sustainability and integrity to measure each retirement income system against over 50 indicators.
The Global Gender Gap Index was first introduced by the World Economic Forum in 2006 as a framework for capturing the magnitude of gender-based disparities and tracking their progress over time.The index benchmarks national gender gaps on economic, education, health and political criteria, and provides country rankings that allow for effective comparisons across regions and income groups.In 2020, the Global Gender Gap score (based on the population-weighted average) stands at 68.6%. This means that, on average, the gap is narrower, and the remaining gap to close is now 31.4%.A score of the 0.780 or more is considered to be fairly good. This year the progress has not only been larger than in the previous edition, but also more widespread: out of the 149 countries and economies covered both this year and last year, 101 have improved their score and 48 have seen their performance unchanged or reduced. In fact, the top 10th percentile consists of 16 countries that have improved their score by more than 3.3% year-on-year.Here are the top 10 countries that have managed to bridge gender disparity gap to some extent. Where does India stand? Take a look:
The government on Thursday decided to restore with immediate effect all existing visas, except electronic, tourist and medical categories, almost eight months after their suspension following the coronavirus outbreak and subsequent imposition of a nationwide lockdown. The Ministry of Home Affairs (MHA) also announced giving permission to all Overseas Citizen of India (OCI) and Person of Indian Origin (PIO) card holders and all other foreign nationals to visit India for any purpose, except on a tourist visa.
Kudos to the measures being taken by some airports in India and emerging as the safest globally! Safe Travel Barometer, the world’s most comprehensive database for COVID-19 traveler health and safety protocols, has released the Safe Travel Score for airports worldwide. This follows the announcement of the ‘safest airlines’ from last month.
GST or Goods and Services Tax was introduced in July 2017 in India. In some countries, VAT (Value Added Tax) is the substitute for GST. -France was the first to introduce GST or Goods and Services tax.
October 8 is celebrated as the Air Force Day in India because on this day, the Air Force was officially raised in 1932 as the supporting force of the Royal Air Force of the United Kingdom.
Director at Multiplex Association of India (MAI) & CEO PVR Pictures who said they welcome this move for re-opening of multiplexes. The retail unit of the Reliance Industries (RIL) will receive an investment of Rs 6,247.5 crore from Abu Dhabi state fund Mubadala Investment Company.
Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government's economic stimulus was inadequate to tackle the problem. British telco Vodafone Group won a decade-long battle against the Indian government in a case relating to retrospective taxation under which the income tax department had raised a demand of around Rs 22,000 crore on the telecom major.
Mukesh Ambani continues to be the richest Indian for the 9th consecutive year. He is the only Indian to feature in the top 5 in the Hurun Global Rich List.
The dispute is mainly over retrospective taxation under which the income tax department had raised a demand of around Rs 22,000 crore on the telecom major.