The Government is working to improve the 'ease of doing business' ranking of the country, and one of the areas of focus is the time it takes for manufacturers to get their imported raw materials and components, out of the port and into their factories. The numbers are not very encouraging, and it currently takes about 9-10 days to get a container out of the port and on its way to the manufacturer. With a view to improving this, the Direct Port Delivery arrangement was started in 2016. How is it faring? Please read on in this week's update.
The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017.
As companies gear up for the final stages of implementing GST, a crucial exercise which is being carried out is a re-look at the existing contracts and negotiation with vendors from the perspective of alignment of contracts with the GST regulations.
A crucial point of negotiation is for the vendor to pass on all benefits accruing or arising under GST to the recipient. In this context, the legislative backing comes in the form of Section 171 of the Central Goods and Services Tax Act, 2017 ("CGST Act") which embodies the Anti-Profiteering provisions and the Anti-Profiteering Rules which have been finalised by the GST Council in its 17th meeting held on 18th June 2017.
The Government has approved a Policy for providing preference to domestically manufactured iron & steel products (DMI&SP Policy) in government departments, agencies, ministries which comes into effect from May 8, 2017.
The projection by Nasscom that Indian IT exports would grow 7-8 per cent in the current fiscal is realistic and reasonable and reflects the current global business environment, say senior figures in the sector.
The numbers put out by the industry body are very realistic because the global IT spending is not going up this year and there are political uncertainties in the US and parts of Europe, two key markets of Indian firms, said T V Mohandas Pai, the former Chief Financial Officer (CFO) of Infosys.
At least 1 in 7 children - or 332 million globally - has lived under required or recommended nationwide stay-at-home policies for at least nine months since the start of the COVID-19 pandemic, putting their mental health and well-being at risk, according to a UNICEF report released today.
More than 93 million people around the world have been confirmed to have the coronavirus, while the death toll has crossed 19,93,000, according to the Johns Hopkins University tally. Over 51.3 million patients have recovered from the deadly disease globally.
The Army is contending with triple challenges in the Northern Command including Pakistan, Chinese belligerence on the LAC and the internal situation in Jammu and Kashmir, General Officer Commanding-in-Chief (GOC-in-C) Northern Command Lt Gen Y K Joshi said today.
Several parts of the national capital received a light spell of rain this morning, while the minimum temperature increased by 7 degrees Celsius in Delhi, according to IMD. This comes a day after the city recorded the lowest minimum temperature of 1.1 degrees Celsius in the season.
There are many Bollywood stars who have impressive educational qualifications that often go unnoticed. From engineering degrees to MBA's, these highly educated actors have proven that they are not just talented on the silver screen, but also in the classroom.
Television has always been a platform for pushing boundaries and challenging societal norms. Over the years, there have been numerous TV shows that have sparked controversy and divided audiences. From provocative storylines to explicit content, these shows have managed to leave a lasting impact on the cultural landscape.
Most controversial breakups in Bollywood. Love is a fickle thing, especially in the world of Bollywood. With its glitz, glamour, and larger-than-life romances, the Hindi film industry has seen its fair share of high-profile breakups that have left fans shocked and gossip mills buzzing.
Indian television has always been a source of entertainment and drama for millions of viewers. From family sagas to reality shows, there have been several controversial moments that have left audiences shocked and intrigued.