Tag: GDP

3.2% growth in Indian GDP due to Internet: Google

Mar. 18 Technology Comments Off

In the session of web at the 11th India Today Conclave that addressed in New Delhi, the Facebook India head, Kirthiga Reddy and Rajan Anandan, country head, Google, both were remarked their views over the upcoming web revolution.

The area of Web is going to be so much vast that it is difficult to predict what has happened within next moment. Today with a strong appearance, Facebook and Google are big ticket web companies which similar with each other as “Both want what the other has.”

As an opener of the session Kallie Purie discussed the much dependability of our lives online through Facebook accounts and incessant tweets. Read more

Tags: , , , , , , , Kirthiga Reddy, , Rajan Anandan,

Export growth fell 4.3% in Feb due to poor International demand

Mar. 09 Business Comments Off

Indian importer are more conscious about their business and govt. also tried to go Indian imports more fasters than exports in February because of weaken demand in major exports markets like the United States and Europe.

This trade deficit has pushed govt. to revise the full-year trade deficit projections on Friday, so that there will be no impact over India’s current account deficit and further value of the rupee.

As per source report, the trade deficit widened to $15.2 billion during this month from January when it was $14.8 billions.

On basis of Trade data, Trade Secretary Rahul Khullar said that Merchandise exports grew an annual 4.3 percent to $24.6 billion in February, while imports grew 20.6 percent to $39.8 billion. Read more

Tags: , , , , imports, India Trade Export, International demand, , , trade gap, Trade Secretary Rahul Khullar

Service tax net may broaden further

Feb. 06 Business Comments Off

As per 2012 budgetary report, it is seeking that the government keep 22 services in the negative list as all kinds of economic activities, barring goods, money and immovable property as like construction, health, entertainment, restaurants, non-AC rail fares,transport, toll, betting and gambling.

All who are excepting to pay tax, now being charged on all 22 categories of services and impose 10 % on the rest. Govt. has clear stand on this step to add more services in the negative list of tax that is practiced globally and now introducing in India as part of the Goods and Services Tax (GST). It is expected that the negative list may introduce from the next fiscal (2012-13).

Adding more services in the negative list on which tax is charged, will hope to Centre to mop up Rs 82,000 crore for the current fiscal. Read more

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NRIs can vote now, says Prime Minister Manmohan Singh

Jan. 08 Business Comments Off

Pravasi Bharatiya Divas 300x173 NRIs can vote now, says Prime Minister Manmohan SinghToday while addressing the 10th annual diaspora meet called the Pravasi Bharatiya Divas (PBD), Prime Minister Manmohan Singh promises to fulfill the long-standing demand of its diaspora to allow Non-resident Indians (NRIs) to vote and participate in the election process.

The Prime Minister Manmohan Singh stated in the meet, “Pursuant to the law that was enacted to enable Non-resident Indians to vote in our national elections, the government has issued notifications for registration of overseas electors under the Representation of People Act, 1950.”

However diaspora plays an important role in the growth and development of the country. And now recognizing it the government responding by giving commitment to address their concerns and fulfill their demands. Read more

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