GS-III

Applicable even if STT not paid earlier Initial public offerings, bonus, rights issues and ESoPs will be eligible for concessional rate of 10% long-term capital gains (LTCG) tax even if the Securities Transaction Tax (STT) has not been paid earlier. In the recent Budget, the government had, after a gap …

A kg of Gloriosa superba costs Rs. 3,420 For farmers frustrated by the vagaries of monsoon, Tamil Nadu’s State flower, Gloriosa superba is a gold mine waiting to be exploited. The plant, which contains 24 types of alkaloids (nitrogenous organic compounds) and 10 non-alkaloidal medicinal compounds, is widely used in …

At State’s business summit, Ambani commits to improving healthcare delivery Having invested over Rs. 4,000 crore in Uttarakhand, Mukesh Ambani on Sunday said his telecom venture Reliance Jio will in the next two years connect most of the 2,385-plus government schools and colleges with high-speed Internet to make the State …

E-commerce major to offer solutions for mobile protection Walmart-backed online retailer Flipkart said on Sunday that it is foraying into insurance after securing a corporate agent licence. To start with, the company said it would offer customised insurance solutions to power its ‘complete mobile protection program.’ It will do this …

Centre will earn Rs. 1.81 lakh crore from the 50 blocks auctioned since 2015 Having secured Rs. 1.81 lakh crore in its kitty from e-auction of 50 mineral blocks, the government is looking to put on block another 100 mines in the next six months, according to the Ministry of …

What’s different now is the compute power and the data available, says the general manager of AI at Microsoft At Microsoft’s annual developer event Ignite, last week, every session touched up on the use of artificial intelligence (AI) in software products. David Carmona , general manager of AI at the …

High CAD, rising oil prices and depreciating rupee need a strong response from policymakers The government is currently in an unenviable position. Whereas there are demands for taking strong steps to tackle the problems facing the economy, the Centre is seen handling the situation with kid gloves. Most of the …

There was lot of focus, effort to tweak the PPP framework Reviving private sector investment in infrastructure will need an innovative sector-by-sector overhaul of the existing PPP models, CRISIL MD & CEO Ashu Suyash explains in an interview. Excerpts: The main takeaway from the CRISIL report is that the share …

Intensive veterinary care is being provided The Gujarat Forest Department on Sunday started the vaccination of lions in the Gir Forest National Park to protect them from a deadly virus. As many as 23 lions have died in the Gir sanctuary in less than a month. Most of them have …

SC order has no impact, says UIDAI Banks and post offices will continue to enrol people for Aadhaar and update their data, the Unique Identification Authority of India (UIDAI) has said. The Supreme Court has only ruled that Aadhaar is not mandatory for opening bank accounts, but the norms set …