News

Broadband sector to drive telecom industry growth, create new jobs The rising demand for high-speed internet and data-driven services will boost growth in the broadband market, which is expected to witness a 9-10 per cent Compound Annual Growth Rate (CAGR) over the next few years, according to a report on Tuesday.  The report by TeamLease Services, a people supply chain company, showed that the penetration of wired broadband in India currently stands at around 13 per cent. This figure is expected to accelerate as service providers prioritise broadban...
Broadband sector to drive telecom industry growth, create new jobs
Broadband sector to drive telecom industry growth, create new jobs
Source: IANS
2024-10-29 05:21:34 pm
Key PLI schemes bring significant boost to local EV manufacturing in India To bolster the domestic electric vehicle (EV) manufacturing, the government’s production-linked incentive (PLI) scheme with an approved outlay of Rs 25,938 crore, along with some other key initiatives, have brought a significant change for the industry.  The Centre has already approved 50 of the 74 applications it received from automakers for the PLI schemes in the EV sector, and remaining 24 applications are under review. According to approved applicants under the main PLI s...
Key PLI schemes bring significant boost to local EV manufacturing in India
Key PLI schemes bring significant boost to local EV manufacturing in India
Source: IANS
2024-08-25 12:51:52 pm
India's steel production shot up by over 35 million tonnes in last 4 years: Centre  India's crude steel production has shot up by over 35 million tonnes in the last four years from 109.14 million tonnes in 2019-20 to 144.30 million tonnes in 2023-24, the government informed the Parliament on Friday.  India became the world's second-largest steel producer in 2018 surpassing Japan and has succeeded in maintaining this rank since then, Minister of State for Steel and Heavy Industries Bhupathi Raju Srinivasa Varma told the Rajya Sabha. He said the Govern...
India's steel production shot up by over 35 million tonnes in last 4 years: Centre
India's steel production shot up by over 35 million tonnes in last 4 years: Centre
Source: IANS
2024-08-09 06:08:07 pm
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department The Income Tax (IT) department has said that 'substantial tax savings' are expected for a vast majority of taxpayers due to reduction in the long term capital gains tax (LTCG) rate in the real estate sector. The Budget has reduced tax rates on capital gains earned from sale of house properties held for long term, but has removed the indexation benefit available to taxpayers.  The I-T department noted that the LTCG has been reduced from 20 per cent with indexation benefit to 12...
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department
Substantial tax savings expected for majority of taxpayers due to reduction in LTCG rate in real estate: IT department
Source: Accord Fintech
2024-07-24 02:48:32 pm
Vietnam's e-commerce boasts highest annual growth in ASEAN  Vietnam's e-commerce market has boasted an average annual growth rate of 16-30 per cent over the past four years, the highest in the Association of Southeast Asian Nations (ASEAN) region, local media VOV reported.  Citing OpenGov Asia, a content platform dedicated to sharing ICT-related knowledge and information, the report said that the country's cross-border e-commerce sector is expanding at a rate 2.3 times faster than regular e-commerce between 2022 and 2025, with pr...
Vietnam's e-commerce boasts highest annual growth in ASEAN
Vietnam's e-commerce boasts highest annual growth in ASEAN
Source: IANS
2024-07-24 12:35:48 pm
Experts clarify new capital gains tax regime for realty sector Amid the confusion over the government eliminating the indexation benefit on calculating long-term capital gains tax (LTCG) on property which led to real estate stocks nosediving, some experts tried to assuage people, saying even in property, new tax rate at 12.5 per cent (without indexation) would be better than previous regime (20 per cent with indexation) if property is held longer as an asset than used just to rotate money every few years.   The LTCG on property sales has been red...
Experts clarify new capital gains tax regime for realty sector
Experts clarify new capital gains tax regime for realty sector
Source: IANS
2024-07-24 10:29:11 am
Realty sector hails Union Budget, calls it vibrant & visionary The Indian realty sector has largely given a thumbs up to the Union Budget 2024-2025 presented in the Parliament on Tuesday by Finance Minister Nirmala Sitharaman, terming it visionary and vibrant which will sustain India’s growth story over the next five years.  The President of the Confederation of Real Estate Developers Association of India, Boman Irani, said that with the PM Awas Yojana-Urban, the housing needs of one crore poor and middle-class families will be addressed wi...
Realty sector hails Union Budget, calls it vibrant & visionary
Realty sector hails Union Budget, calls it vibrant & visionary
Source: IANS
2024-07-24 09:53:41 am
Bihar Deputy Chief Minister thanks Centre for infrastructure projects After the Central government announced on Tuesday several infrastructure projects for Bihar, Deputy Chief Minister Samrat Choudhary, who is also the state's Finance Minister, expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for their support. “The Union Finance Minister Nirmala Sitharaman has addressed every sector for the development of Bihar, whether it be three expressways, medical colleges, or new airports. I want to thank PM N...
Bihar Deputy Chief Minister thanks Centre for infrastructure projects
Bihar Deputy Chief Minister thanks Centre for infrastructure projects
Source: IANS
2024-07-23 05:44:02 pm
India's healthcare needs greater allocation of funds: Experts India's healthcare sector requires more allocation of funds for better research and to provide better facilities to a vast number of people, said experts on Monday, a day ahead of the Union Budget.  Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 on July 23. Currently, India's public healthcare spending remains low with just 1.6 to 1.8 per cent of the Gross Domestic Product (GDP). But a higher allocation is needed, said the experts. "...
India's healthcare needs greater allocation of funds: Experts
India's healthcare needs greater allocation of funds: Experts
Source: IANS
2024-07-22 03:09:01 pm
Budget 2024: Strategic roadmap for Indian real estate to reach USD 1 trillion by 2030 Over the last 2-3 years, the real estate sector has seen robust growth across various asset classes led by strong demand and a favourable economic environment. With the full-fledged Union Budget for 2024 just round the corner, the real estate sector is eagerly waiting for policy measures that could determine the sector's trajectory and the likely outcome for the next few years. Indian real estate has continued to remain upbeat during the first half of 2024 across...
Budget 2024: Strategic roadmap for Indian real estate to reach USD 1 trillion by 2030
Budget 2024: Strategic roadmap for Indian real estate to reach USD 1 trillion by 2030
Source: PR Agency
2024-07-16 12:15:45 pm