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Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

NEW DELHI: Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. Such action is rare for Japan. The world’s second-biggest […]

Note-ban negatively impacted jobs, hit small and medium enterprises: Assocham

MUMBAI: Demonetization has negatively impacted job creation by hurting small and medium enterprises (SMEs) in the immediate run, an Assocham survey on Sunday said. However, the large and well-organised sectors of the Corporate India stand to benefit in the long run, Assocham’s Bizcon Survey said. “Demonetization of high value currency notes would leave quite a […]

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Persistent Systems to cut campus hiring in India to one-fourth in FY18

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Persistent Systems to cut campus hiring in India to one-fourth in FY18

MUMBAI: As the IT industry witnesses greater automation and other changes, Persistent Systems has decided to cut campus hires to less than a fourth in 2017-18 and would recruit freshers only as per emerging needs. “We had made 900 campus offers last year and have decided to do only 200 in FY18,” its chairman and […]

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Around 70% notes to be remonetized by February end: SBI report

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Around 70% notes to be remonetized by February end: SBI report

MUMBAI: In an attempt to end the ongoing cash crunch, as much as 70% of the notes will be restored in value as legal tender i.e., get remonetized by February end, according to an SBI report quoted in The Indian Express. The report stated, “As per the latest RBI data on currency in circulation, newly […]

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Asian media decry isolationist Trump, fear economic, diplomatic turmoil

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Asian media decry isolationist Trump, fear economic, diplomatic turmoil

JAKARTA: A day after Donald Trump became US President and vowed to put “America First”, Asian media decried his isolationist policies, fearing they will chill the global economy and sow widespread international discord. In a defiant inaugural address, Trump said US workers have been devastated by an outflow of jobs overseas, one of the main […]

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In Inaugural Address, Donald Trump Delivers Bombast, Divisiveness and Nationalism

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In Inaugural Address, Donald Trump Delivers Bombast, Divisiveness and Nationalism

Washington DC ,Frank Scheck: The new president delivered an address that sounded like one of his campaign speeches on steroids. Proving once and for all that the nation hasn’t been suffering from a collective 18-month-long fever dream or bad acid trip, Donald J. Trump was sworn in Friday as the 45th president of the United […]

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No coordination between govt departments, laments PM Modi

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No coordination between govt departments, laments PM Modi

NEW DELHI: Prime Minister Narendra Modi on Frifay asked various arms of the government to function in cohesion under a broad vision and lamented that its departments preferred to settle disputes in courts and worked in silos. “Unfortunately, government departments have a nature of working in silos. Sometimes there are so many silos within the […]

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The driving range of budding entrepreneurs in India

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The driving range of budding entrepreneurs in India

MUMBAI,CHAITI NARULA : It was just another Monday when the DIPP submitted a list of suggestions from the Indian start-ups to the finance ministry. The commerce minister hinted at tax sops for start-ups and that intimated at a boost to Indian start-ups. The driving range for entrepreneurs looks promising for now and hope the fairways […]

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Banks asked to report cash deposits over Rs 10 lakh a year, cash payments above Rs 1 lakh

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Banks asked to report cash deposits over Rs 10 lakh a year, cash payments above Rs 1 lakh

NEW DELHI: The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills. In a January 17 notification, the Central Board of Direct Taxes (CBDT) listed cash transactions which need to be […]

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India Is No Longer the World’s Fastest-Growing Large Economy, IMF Says

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India Is No Longer the World’s Fastest-Growing Large Economy, IMF Says

NEW YORK CITY: India Is No Longer the World’s Fastest-Growing Large Economy, IMF Says. China took back in the crown in 2016 thanks ‘primarily’ to Modi’s cash cancellation. Watch the Throne The International Monetary Fund estimates that India lost the mantle of fastest-growing large economy last year. Estimated output growth in 2016, percentage change from […]

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