net worth
The government is thinking about making it mandatory for the firms executing government contracts to hire at least 30 % of employees with certified skills. Though about one tenth of India’s workforce has some technical skills, only a little over 2.5 % have any formal technical education. There are about 12 million young entrants in the [...] Continue Reading »
Due to the advent of the Narendra Modi government, there has been a heightened activity and business optimism in the market. This has put the Indian law firms in a growth trajectory and they are benefiting strongly from the surge in mergers and acquisitions (M & A) in the last few months. India’s biggest law firm [...] Continue Reading »
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
The recent union budget had completely missed on addressing the issues of Special Economic Zones. This had been a matter of concern in this sector. A section of special economic zone promoters in Kerala were highly disappointed because the demand they had put forward of scrapping the minimum alternative tax or MAT had completely been [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
The Rural Development Ministry has proposed a number of amendments in the Land acquisition act. If they are cleared then they could lead to large scale dilution of the new Land Acquisition Act. It is expected to make the process of acquiring land easier. Scrapping the “consent clause” for Public Private Partnership (PPP) projects and narrowing [...] Continue Reading »
The Union Government has asked the government of the newly-formed Telangana state to refrain from meddling with the design of the Hyderabad Metro Rail project. The Union Government’s advice to Telangana government comes against the backdrop of concerns raised by infrastructure firm L&T, which is executing the over Rs 16,000-crore project. In an announcement made [...] Continue Reading »
The government of Telengana is busy in giving the process of the new single window clearance industrial policy a final touch. The new facility will be inaugurated very soon, the chief minister Chandrasekhar Rao stated. The main agenda of the facility is zero corruption and the policy will be monitored by a special cell which [...] Continue Reading »
A government official stated that the government is still in dilemma on whether the much controversial general anti-avoidance tax law or GAAR should be started as scheduled and whether they have enough time to review it. Shaktikanta Das, the revenue secretary said during a post budget interaction along with an industrial body CII that, in [...] Continue Reading »
