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Lok Sabha approves GST supplementary bills

New Delhi: Finance Minister Arun Jaitley speaks in the Lok Sabha in New Delhi on Wednesday. PTI Photo / TV GRAB (PTI3_29_2017_000045B)

New Delhi:  India moved another step closer to the launch of a nation-wide sales tax regime when the lower house of parliament approved supporting legislation on Wednesday night. The development will boost confidence that the wide-ranging tax reform — which was proposed a decade ago and since then has been refined to win bipartisan support under Prime Minister Narendra Modi ... Read More »

Bulls ride on election outcome, Nifty closes above 9,100-mark

business

Mumbai: Riding on the outcome of the just-concluded assembly elections, key Indian equity indices zoomed to new 52-week highs and crossed their psychologically significant levels. The benchmark NSE Nifty hit a record intra-day high and closed above the 9,100-mark for the first time during the truncated week ended Friday. On Friday, the wider 51-scrip Nifty of the National Stock Exchange ... Read More »

It’s slowdown in IT hiring: Nasscom

business

Hyderabad: Writing on the wall is clear now as slowdown in hiring by technology majors looks certain. However, industry bigwigs are not explicitly admitting this. Nasscom attributes surging levels of automation and efficiency to hiring slowdown.  The convergence of information, communication and technology (ICT) coupled with surging IoT (Internet of Things) are expected to drive the talent hiring pattern in ... Read More »

India’s IT industry Agrees It Faces Twin Challenges

business

MUMBAI: Automation and the new U.S. administration were the big unknowns at the tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the century by helping ... Read More »

Income Tax Slabs: Here Are New Tax Rates Applicable From April 2017

business

Bringing some cheers to the individual tax payers, Finance Minister Arun Jaitley halved the income tax rate to 5 per cent for individuals having taxable income between Rs. 2.5-Rs. 5 lakh compared to 10 per cent earlier. Meanwhile, Mr Jaitley increased the tax burden of people having taxable income between Rs. 50 lakh-Rs. 1 crore by imposing an additional surcharge ... Read More »

State Department Reverses Travel Ban As Trump Administration Eyes Appeal

international

WASHINGTON: The Department of Homeland Security complied with a judge’s orders Saturday and stopped enforcing President Donald Trump’s controversial entry ban, and the fast-moving legal dispute over the president’s powers could land at the nation’s highest court. On Saturday evening, Trump administration lawyers filed a notice to appeal the Seattle federal judge’s decision from Friday night that imposed a temporary, ... Read More »

Telangana Budget draws big building plans

hyderabad

Hyderabad: Posh residential colony for all IAS and IPS officers in the Hyderabad, Collector offices in 28 districts and, state-of-the-art hi-tech new Secretariat building are among the proposals that are said to have been incorporated in the budget proposals for 2017-18. Top sources in the Roads and Buildings department told The Hans India that the state government has decided to ... Read More »

Indian IT sector warns against U.S. visa bill

Workers are seen at their workstations on the floor of an outsourcing centre in Bangalore, February 29, 2012. REUTERS/Vivek Prakash/Files

India’s IT lobby warned on Tuesday that a bill before the U.S. Congress aimed at imposing tougher visa rules unfairly targets some of its members and will not solve a U.S. labour shortage in technology and engineering. Industry lobby group Nasscom was responding to a bill introduced by Congresswoman Zoe Lofgren, a Democrat from California, that would double the minimum ... Read More »

Service tax likely to be hiked by 16-18 per cent in budget

business

New Delhi: Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout. The move, that will make flying, eating out, phone bills and a host of other services expensive, would be an attempt to ... Read More »

New H1B Bill set to hurt Indian techies

business

Washington: Two powerful US Senators have announced they will introduce a legislation which, if passed by the Congress, would give preference to foreigners studying in American universities, a move that will tighten the noose around the H-1B visa programme and could hurt Indian IT firms.  The Bill – to be introduced by Senator Chuck Grassley and Dick Durban – will ... Read More »