ndi

For Indians in the Gulf, Covid paints an uncertain future

Millions of Indian workers are staring at an uncertain future as Covid shuttered businesses and crashed oil.




ndi

No intention to tax global income of NRIs in India, says FM

In order to avoid any misinterpretation, it is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession.




ndi

COVID-19 thwarts tax planning for several rich individuals and promoters

Virus could hit the way Indian revenue authorities tax their individual, foreign income.




ndi

Chinese ZTE cuts down 30% jobs in India

The headcount has now come down from more than 1,000 employees a year ago, with the majority of job cuts in the wake of Covid-19 outbreak that forced shutdowns in the February-April period. The headcount comprises staff on the company’s rolls as well as those on contract and outsourced manpower.




ndi

Finding a new job in a recession will be a challenge. Here's what you should do

If the economy tanks into a recession, you and everyone else are at risk of losing his job. Finding a new job in a recession will be a massive challenge and hence you need a battle plan.




ndi

Endings and Beginnings

Even before I knew how to name it (or identify it) one of the core principles of my life was always to follow my energy....




ndi

Stocks in news: Indigo, Voda Idea and JSW Steel

Stocks in news: Indigo, Voda Idea and JSW Steel





ndi

Stocks in news: Apollo Tyres, Rites and India Cements

Stocks in news: Apollo Tyres, Rites and India Cements





ndi

Stocks in news: IndiGo, Biocon, L&T and M&M

Stocks in news: IndiGo, Biocon, L&T and M&M





ndi

IndiGo Q3 profit jumps 168% to Rs 496 crore; revenue rises 26%

IndiGo Q3 profit jumps 168% to Rs 496 crore; revenue rises 26%





ndi

RIL Q4 results: Profit dives 39% YoY to Rs 6,348 cr; announces India's biggest rights issue

RIL Q4 results: Profit dives 39% YoY to Rs 6,348 cr; announces India's biggest rights issue





ndi

Sensex zooms 997 pts, Nifty ends April F&O expiry at 9,860; India VIX posts worst month ever

Sensex zooms 997 pts, Nifty ends April F&O expiry at 9,860; India VIX posts worst month ever





ndi

India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter

India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter





ndi

RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered"

RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered"





ndi

India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20

India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20





ndi

Global investors now more confident about India than China: Pacific Paradigm Advisors

Global investors now more confident about India than China: Pacific Paradigm Advisors





ndi

Vizag gas leak tragedy: Tension at LG Polymers plant as villagers protest demanding its closure

Vizag gas leak tragedy: Tension at LG Polymers plant as villagers protest demanding its closure





ndi

Setu Samudra and other exercises to repatriate Indians from across the globe: ET Explains

Setu Samudra and other exercises to repatriate Indians from across the globe: ET Explains





ndi

Afghan peace process: America recognises India's role, says US Envoy after meeting S Jaishankar

Afghan peace process: America recognises India's role, says US Envoy after meeting S Jaishankar





ndi

Coronavirus vaccine: ICMR partners with BBIL to develop indigenous COVID-19 vaccine

Coronavirus vaccine: ICMR partners with BBIL to develop indigenous COVID-19 vaccine





ndi

Bandipora: Fake currency racket busted by J&K Police, 4 arrested

Bandipora: Fake currency racket busted by J&K Police, 4 arrested





ndi

India largest remittance-receiving country in the world

A report said that India (receiving USD 69 billion in remittances in 2017) was followed by China (USD 64 billion) and the Philippines (USD 33 billion).




ndi

India seen escaping Argentina's fate as remittances curb deficit

India received $69 billion in overseas remittances last year, equivalent to almost 3 percent of GDP, Capital Economics said, citing World Bank data.




ndi

117 Indians died for every billion USD remitted from gulf countries: CHRI

The data was provided by Indian missions in Bahrain, Oman, Qatar and Saudi Arabia but the Embassy in the UAE refused to give information. The Indian embassy referred to data on their website which was only 2014 onwards.




ndi

For every $1 billion remitted, 117 Indians die in 6 Gulf nations

The embassies in Gulf countries have not been forthcoming in providing data under RTI on the number of deaths.




ndi

India to retain top position in remittances with $80 billion: World Bank

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.




ndi

India highest recipient of remittances at $79 bn in 2018: World Bank

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).




ndi

Now shop at Dubai airports using Indian Rupee

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.




ndi

India was the top recipient of remittances worldwide in 2018

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.




ndi

With $78 billion, India still highest overseas remittance receiver

India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018.




ndi

Indian Army, IAF helicopters and Indian Army troops evacuated crew in Sikkim

Immediately on receipt of information, on May 7 , Indian Army rescue columns with personnel of ITBPs too, moved on foot, traversing dangerous terrain in bad weather, to the helicopter landing site to evacuate the individuals and provide medical aid, for which a doctor of the ITBP also accompanied.




ndi

Get involved in internal political processs in Afghanistan, US urges India

The US asked India to get involved in the internal political process in Afghanistan. Sources said this formed the core of the discussions between US special envoy, Zalmay Khalilzad and foreign minister S. Jaishankar, NSA Ajit Doval and foreign secretary Harsh Shringla in Delhi.




ndi

Nepal raises objection over India inaugurating crucial link road passing through Lipulekh Pass

Nepal's Foreign Affairs Ministry in a statement said the government "has learnt with regret" about the inauguration of the link road connecting to Lipulekh pass, which Nepal claims to be part of its territory. The 80-Km new road inaugurated by Defence Minister Rajnath Singh on Friday is expected to help pilgrims visiting Kailash-Mansarovar in Tibet in China.




ndi

Road along Nepal border falls within Indian territory

In response to queries on inauguration of road on 8th May in Pithoragarh district Uttarakhand, MEA Spokesperson stated, “We have seen the Press Release dated 9th May 2020 issued by the Ministry of Foreign Affairs of Nepal pertaining to the inauguration of a road in India.”




ndi

India Inc’s traditional CSR may end up in containment

With donations to the PM-Cares Fund and Covid-19-related relief work eligible to be considered CSR expenditure, most companies are likely to nearly exhaust their current CSR budgets after donating to this fund or related relief work.




ndi

Expired e-way bills biggest challenge for India Inc

India Inc’s first attempts to move goods across states after the easing of lockdown curbs were hobbled by expired e-way bills which made it near impossible for transporters to cross checkpoints.




ndi

Home alone, India Inc's pros have stress for company

There has been a 35-40% increase in the number of cases of stress and panic attack in April over previous months, according to data from counselling firms. A large number of the callers seek cure for mental stress arising out of social isolation and the workfrom-home milieu — leading to anxiety, depression, loneliness.




ndi

Get India fully back to business, says India Inc

Industry captains say economy and jobs must be central focus now, and policymakers have to recognise that the country will have to live with and work around Covid-19. India Inc’s growing call on reopening India for business comes amidst a blizzard of grim economic forecasts. Economic growth in FY21 can be negative, according to Nomura, ICRA and others.




ndi

Daimler India Commercial Vehicles resumes plant operations

The company said it was able to restart operations at the plant in less than 24 hours after receiving permission from local authorities as it had started intensive preparation even before the lockdown in India came into effect in March, DICV said in a statement.




ndi

BMW Group India resumes local production at Chennai plant

German car maker BMW commenced operations at the Chennai plant in accordance with the government-initiated guidelines. The company also stated that the BMW, MINI and BMW Motorrad dealerships across the country would restart the operations in adherence to local government directives.




ndi

India may see second wave of COVID-19 outbreak in monsoon, say scientists

The timing of the peak will depend on how India is able to control physical distancing and on the level of infection spreads after restrictions are relaxed, they said.




ndi

IITs are helping India win the Covid battle

IIT Kanpur is developing a vaccine against Covid-19, while researchers at Madras and Kanpur have built desi drones for surveillance and IIT Ropar has produced robots to deliver food and medicines to patients in hospitals and quarantine zones. These innovations are in various stages of development.




ndi

With 208 R&D projects, IITs lead India’s fight against Covid-19

IIT-Guwahati has shown the way cornering the biggest pool of projects, followed by IIT-Madras and IIT-Hyderabad. Nearly 50% of the key research in India’s premier technical schools are happening in six of the old IITs. Majority of the researches are happening in the field of personal protective care equipment (45 projects), followed by sanitisation (33) and treatment.




ndi

Indian-origin scientist identifies four possible drugs to treat COVID-19

The study, published in the journal Pathogens, found that all four drugs were effective in inhibiting, or blocking, the coronavirus' RNA proteins from making genomic copies of the novel coronavirus.




ndi

With a phased opening, India tries to avoid a grave economic toll: Bibek Debroy

Mortality and morbidity apply to enterprises, too; MSMEs more pronounced than most. Baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint.




ndi

Looking for silver lining in the dark clouds? India has plenty

We manufactured a crisis much before the pandemic hit the financial world.




ndi

Australian Govt looking at travel exemptions for Indian cricket team's Test tour: Reports

Cricket Australia is under huge financial pressure due to global lockdown and has laid off 80 percent of its staff. India's four-Test tour in December-January could provide a relief to the struggling bldy




ndi

India loses hosting rights of 2021 men's world boxing championships

"After New Delhi didn't fulfill its obligations to pay host fee as mentioned in the Host City Agreement terms, AIBA has terminated the contract. Therefore, India would have to pay a cancellation penalty of USD 500," the AIBA said in a statement.




ndi

India lose top spot in ICC Test rankings to Australia

India lost the top spot in the ICC Test rankings to Australia on Friday, dropping to third after their stupendous 2016-17 record was eliminated from the annual update as per rules.




ndi

Baseline Ventures signs India’s under-19 cricket captain Priyam Garg

The multi-year deal will see Baseline managing all the commercial interests of Garg. Born in Meerut, UP, Garg made his first-class debut against Goa in 2018 where he went on to score an unbeaten 117. He recently led the Under-19 Indian team at the World Cup in South Africa where they finished runners-up.