The Goods and Services Tax (GST) rate will have four brackets – 5, 12, 18 and 28 per cent. Finance Minister Arun Jaitley has said it will be announced later how different items and services will be taxed, but essentials and food will be in the lowest tax slabs while luxury and sin goods like tobacco products will be in the highest and will attract an extra cess. Here is […]
It’s one thing to start a business. It’s quite another to make it successful. Success is a rough road, full of many twists and bends and no small number of obstacles along the way. There are a number of obstacles that all businesses face, regardless of their size or past success record. Knowing what they are and being prepared for them will make you and your business less prone to […]
Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China today said any such move will negatively impact the India-bound investments from its enterprises and also the bilateral cooperation between the two countries. China also asserted that any such boycott would not have much impact on its exports, but “without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders […]
Just as the market was digesting news about Cyrus Mistry’s sudden ouster as the Chairman of the Tata Group, there is yet another development to deal with. In a set of shocking revealations in his letter to the Tata Sons board, Cyrus Mistry has highlighted the legacy issues and presence of an alternate power clout severely undermining his authority and decision making. It was pretty clear that Cyrus Mistry, the […]
Cyrus P Mistry, whose tenure as chairman of Tata Sons board abruptly ended on Monday, has expressed shock at his ouster and dubbed the board’s decision as “unparalleled in the annals of corporate history”. In an email to board members and to the Trusts, Mistry said that the decision to remove him had left him “shocked beyond words”, reported The Economic Times. Mistry alleged that he had not been allowed […]
According to Forbes, the total wealth of India’s top five billionaires, which stands at a whopping $83.7 billion, is more than the cost of 1,230 Mars Orbiter ‘Mangalyaan’ Missions and is more than 18 times the cost of hosting the 2016 Rio Olympics. Industrialist Mukesh Ambani, who has been named India’s richest person for the ninth year in a row with a sharp increase in net worth to $22.7 billion, […]
The company strives to keep the old world charm of letters in this email driven world. 11-year-old Sara* really missed having her mom around for lunch. Her mom, a techie in one of the largest IT parks in Bengaluru, unfortunately could never make it home during lunch time, due to the huge workload at her office. Sara decided to do something about this. She sent a beautiful handwritten letter to […]
As the social media campaign calling to boycott the Chinese goods gains momentum, Beijing’s media said that products manufactured by Indian firms cannot compete with those of the China. In a straight-forward op-ed, Chinese daily Global Times today said that New Delhi can only ‘bark’ and do nothing about the growing trade deficit between two countries. “Indian manufacturing cannot compete at all with Chinese products, for various reasons,” it reads. […]
In today’s high-speed, ever-connected times, being “busy” is one of the most valued social currencies. If we’re busy, then surely we must be important, successful, valuable and living full lives. So “busy” becomes a proxy for inflating our egos, both for ourselves and for those around us. It’s because of this that being too busy to do something becomes such a valid excuse for not getting things done. In using […]
The income-tax department may soon swoop down on participants in the stock market after a probe revealed that alleged tax evaders are parking money in companies listed on the BSE in order to avoid paying tax and hiding alleged “black” money. The I-T department has collated information on the alleged dealings of individuals and companies through the securities transaction tax (STT) data submitted by NSE and BSE for 2013-14 and […]
