With mobile phones overtaking traditional platforms such as TV to become the preferred screen for a majority of Indians, the proliferation of data plans and availability of sub-$100 smartphones, information and entertainment are being consumed on the go. As online video streaming platforms such as Netflix and Amazon Prime Video are upping the ante by garnering handsome subscription numbers over the last one year, Star India-owned Hotstar continues to flaunt the largest user base.
Having given a modicum of relief to consumers by reducing the excise duties on diesel and petrol by Rs 2 per litre each — 11.5% and 9.4%, respectively — the Centre has asked the states to follow suit by reducing the ad valorem value-added tax (VAT) rates on the two auto fuels by 5 percentage points each. Finance minister Arun Jaitley would write to the state governments shortly urging them to cut the tax rates, petroleum minister Dharmendra Pradhan said here. States levy VAT on fuels at hefty rates: 20-42% on petrol (motor spirit) and 12-32% on high-speed diesel (HSD), respectively.
Anticipating a crash in the prices of kharif pulses and oilseeds below the minimum support price (MSP) in key growing states, the agriculture ministry has directed Nafed to commence procurement under the price support scheme (PSS) in Telangana, Karnataka, Rajasthan and Maharashtra. Besides, the nod for procurement of pulses and oilseeds in Gujarat is expected to be given shortly. Under the PSS, the government intervenes in the market to ensure that the farmers are paid MSP and overall prices do not fall below the MSP.
With powerful specs and dual rear camera becoming the new norm in the sub-Rs 20,000 smartphone market, Lenovo has recently launched Lenovo K8 Note focused on users looking for high-end functionality and quality camera. Priced at Rs 14,999 the Lenovo K8 Note comes with the newest Android 7.1.1, dual rear camera and is powered by a 4000mAh non-removable battery. But the most differentiating feature is stock Android which makes the device run like a cake. Out of the box, the Lenovo K8 Note looks premium. The metal body feels sturdy.
The Indian freight forwarding and logistics sector is set to lose a major chunk of Rs 20,000-crore international freight forwarding business to international competitors because of a tax parity issue following the roll-out of the goods and services tax (GST) regime. By virtue of Section 13 (9) in the Integrated Goods and Services Tax (GST) Act, 2017, an Indian freight forwarding company has to levy GST on all shipments to India to an overseas supplier. However, the overseas company is not faced with any incidence of tax on the same transaction if it chooses to work with a foreign freight forwarder.
The CEO is always considered to be the most important person in an organisation as this position is responsible to the Board of Directors, and hence shareholders, for delivering superior results. In a way, the CEO owns the balance sheet and profit and loss of the company as, at the end of the day, the responsibility for performance stops here. It is not surprising that the CEO would always be receiving the highest remuneration in any organisation. However, the compensation will vary across industries and companies depending on their size, scale and performance. Is it possible to gauge how valued CEOs are on a relative scale across companies and industries?