Transforming India into a Global IT Manufacturing Hub

Information technology (IT) industry has played a key role in putting India on the global map and has over the years emerged as one of the most significant growth contributors for the Indian economy. While the Indian electronics sector has been witnessing a consistent growth in terms of market size, India lags behind in electronics…

Trump calls corporate tax border adjustment ‘too complicated’: WSJ

U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans’ corporate-tax plan, is “too complicated”, the Wall Street Journal reported on Monday. “Anytime I hear border adjustment, I don’t love it”, Trump told the newspaper in an interview conducted on Friday. on.wsj.com/2jiAaqj The border adjustment measure is part of U.S. House…

Trump Calls for Federal Takeover of Chicago if decline continues

President-elect Donald Trump today took on Chicago Mayor Rahm Emanuel for his sub-par performance, noting that the city, whose bond rating last year dropped to junk status, ended 2016 on an even more sordid note: as the murder capital of the world. “Chicago’s murder rate is record-setting,” Trump commented on Monday via the Twitter social…

Pravasi Bharatiya Divas: Government to Promote Investments in Suburbs around Bengaluru

BENGALURU: Karnataka will promote industrial suburbs around Bengaluru for potential investments from the Indian diaspora during the three-day Pravasi Bharatya Divas (PBD), beginning Saturday. Prime Minister Narendra Modi will open the event on Sunday which will focus on the theme, “Redefining Engagem,ent with the Indian Diaspora.” “Bengaluru is overloaded with investments, and we want to…

Demonetisation: How Modi government’s cashless push is creating a whole new range of jobs

A whole new range of digital jobs are being created as India moves towards a cashless economy, with a big push from the government’s demonetisation drive. From cybersecurity experts to digital CXOs, a gamut of opportunities are set to open up for white-collar professionals over the next one year. 1. DIGITAL SECURITY ARCHITECT Growing digitisation…

Indian banks aim to boost credit growth with sharp rate cuts

Indian banks, led by market leader State Bank of India, announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia’s third-largest economy. SBI, the country’s biggest lender by assets, said on Sunday it had cut its so-called marginal cost…