Facing a barrage of criticism including from elements within the ruling coalition for slowing growth, finance minister Arun Jaitley on Thursday mounted a strong defence of his handling of the economy.
Yashwant Sinha sticks to his guns, son Jayant joins issue over his criticism
BJP veteran Yashwant Sinha stuck to his guns after government’s strong rebuttal of his stinging criticism of its handling of the economy over which union minister Jayant Sinha also joined issue with his father and stoutly defended the economic policies. An unfazed Yashwant Sinha, who had launched a blistering attack on the government, and the Finance Minister Arun Jaitley in particular, that set off a political storm, hoped the Centre would do some course correction.
Delhi government asks DMRC to put off impending fare hike
The Delhi government directed the DMRC to put off an impending fare hike till the Transport Department completes its inquiry to ascertain whether the view of the city administration was considered while taking the decision. Chief Minister Arvind Kejriwal also termed the fare hike as “anti-people” and directed Transport Minister Kailash
Gahlot to find a solution within a week to prevent its implementation. The direction came after Delhi Metro Rail Corporation (DMRC) Chief Mangu Singh met Gahlot over the fare hike, which will come into effect from October.
Arun Jaitley: Black money in bank accounts will be made to pay tax
Facing a barrage of criticism including from elements within the ruling coalition for slowing growth, finance minister Arun Jaitley on Thursday mounted a strong defence of his handling of the economy. Demonetisation’s object was not synonymous with confiscation of currency, he said, adding that whoever deposited money in excess of their legitimate resources in the banks during the process will have no option but to pay up their taxes. “(The composition of high-denomination bank notes in currency) has altered, and stands compressed,” he said, adding that the process of compression will go on.
How often should you check your portfolio: 5 steps to stop your heart beating faster
It is important to think quality over quantity when it comes to managing your mutual fund portfolios. Investors easily get spooked and jump on the bandwagon mid-way just before the wheels come off when markets turn volatile. One has to realise that market volatility is unavoidable. Simple psychological intuition points out that analysing your mutual fund portfolio too often is more likely to get your heart beat faster.
Auto launches mostly flop shows? Success rates of new bikes, cars will shock you
In Autoville, launches and loyalty don’t quite go hand in hand. In FY14-17, the success rate of new launches in the two-wheeler segment stands at one out of 26 models, while in the passenger vehicle segment, it is a dismal eight out of 35 new launches, points out a study conducted by American institutional equity research firm Jefferies. Reason: Customer loyalty toward the existing models offset new launches by manufacturers across segments, who find it tough to consolidate their position. In the two-wheeler segment, only Jupiter — a scooter launched by TVS in 2013 — has been able to make it to the list of the top ten selling two-wheelers in the domestic market.
Electric vehicles will kill jobs? See shocking emerging facts
The automotive industry in India has been one of our strongest engines of growth, contributing to about 7% of GDP, 22% of industrial GDP and 50% manufacturing GDP. The strong multiplier effect of the industry makes it one of the biggest job creators. The industry leads to job creation in the upstream, i.e. metals, mining, plastics, glass, rubber, etc, in the core manufacturing of automobiles both in OEMs and auto component suppliers, and finally downstream, i.e. servicing/repairs, fuel supply, logistics, etc. There has been a lot of buzz around the introduction of electric vehicles, with statements such as 100% pure electric vehicle (EV) penetration by 2030 being quoted. While the announcements are forward looking, the impact of this on jobs in the industry must not be overlooked.