Daily Archives: October 1, 2018

Gandhi: a fox or a hedgehog?

He was a man who looked for a harmonious universe, but he was also a pragmatist As the world prepares to celebrate Mahatma Gandhi’s 150th birth anniversary in 2019, opinions and views about his person and his non-violent technique of struggle remain deeply divided. For some, he was a puritanical, …

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U.K. guidelines to curb kids’ social media use

The British government is drawing up guidelines to limit the number of hours children spend online on social media sites and apps, authorities announced on Sunday. U.K. Health Secretary Matt Hancock said he has ordered the plans to be drawn up and attacked social media giants, such as Facebook, for …

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Reward for tip offs on GST evasion on anvil

Reward for tip-offs on GST evasion on the anvil The revenue department is planning to come out with a ‘GST informant reward scheme’ to check tax evasion by unscrupulous traders and businesses, an official said. It will be on the lines of similar schemes for excise and service tax, which …

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Sale of micro insurance via PoS allowed

Insurance regulator IRDAI has allowed the distribution of all micro-insurance products through point-of-sales (PoS), with an aim to further increase insurance penetration in the country. The Insurance Regulatory and Development Authority of India (IRDAI) has created a special category of insurance policies called micro-insurance policies to promote insurance coverage among …

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‘Huge scope for India, Israel tie-ups in plantation’

The potential for cooperation between India and Israel in plantation sectors such as tea and coffee is high, said Shai Mosses, Israel Consul for Trade and Economic Affairs. Speaking at a conference organised by the United Planters’ Association of Southern India (UPASI), Mr. Mosses said there were many collaborations happening …

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‘Rising interest rates have led to liquidity crunch’

Banks with robust financials, strong liability franchise, control on asset quality will continue to do well Non-banking financial companies are going through growth de-rating and are expected to remain volatile in the near future, says Dhiraj Relli , managing director and chief executive officer, HDFC Securities. Investors are also cautious …

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Can India’s share of the global economy bounce back to 25%?

Around three centuries ago, India’s share of the global economy was about 25%. Today, it has dwindled to single digits. During this period, India missed three waves of industrialisation: Industry 1.0, driven by mechanisation, steam power and weaving loom; Industry 2.0, driven by mass production and assembly line; and Industry …

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