Snehal khanna Blog

While China manufactures everything from a chip to a converter for its electric vehicles, Indian automakers use imported electronic equipment LATEST NEWS : India’s dependence on imported components for electric vehicles could make the country vulnerable to cyber-security breaches, according to the government’s chief policy think-tank. India should manufacture the majority of the parts needed for its electric vehicle fleet as equipment shipped from overseas could be compromised, V K Saraswat, a member of the think tank, Niti Aayog , said in an interview. All of the software and at least 55 percent of the components need to be made domestically to keep electric vehicles and the grid secure. “There has to be a push toward local manufacturing,” Saraswat said. Prime Minister Narendra Modi’s administration said last year it aims to have mostly electric vehicles by 2030, in a country where about 3 million fossil fuel powered passenger vehicles sell annually. In an attempt to...

A total of 188 offers amounting to 41 per cent of the total batch were from finance and consulting sectors LATEST NEWS : IIM Calcutta has completed the summer placement process for the 2017-2019 batch and has achieved 100 per cent placement within a span of over two days. A total of 180 firms across diverse sectors had come to IIM Calcutta for the summer placements, a press release said. NITI Aayog also visited the campus and made five prestigious offers, it said. IIM Calcutta, the first triple crowned management school of the country, retained its crown as five private equity firms and seven investment banking firms participated in the process and doled out offers to the students. Triple Crown is the accreditation awarded business schools worldwide by three major international accreditation bodies for Business Schools such as AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of MBAs) and EQUIS. The accreditation was awarded...

RTI information shows details of money given to Bihar LATEST NEWS    :   With the BJP and JD(U) joining hands in Bihar, the stage is finally set for implementing one of the foremost poll promises made by Prime Minister Narendra Modi in the run up to the Bihar elections in 2015. While Modi had announced a special package of Rs 1.25 lakh crore for Bihar at an election rally in Arrah in August 2015, it has released money to the state only for projects sanctioned under the 12th Five-Year Plan. The plan, which commenced in 2012, coincidentally, will end this year. This sets the stage for the BJP-JD(U) alliance in Bihar to go full steam ahead, with the special package for the backward state promised by Modi in his 2015 election rally.  Information obtained by Business Standard under the Right to Information (RTI) shows that the Modi government had issued a release order of almost Rs 1,888 crore to Bihar as ‘special assistance’ in 2015-16. The financial ...

According to Debroy, multiple rates emanate from the 'desire to tax items' that are seen as luxuries Latest news    :   NITI Aayog member and wellknown economist Bibek Debroy on Friday said that one of the key problems with the present GST (Goods and Services Tax) regime is its multiple rates structure. According to Debroy, the multiple rates of GST emanate from the "desire to tax items" which are perceived to be luxury through the means of indirect tax and not the direct ones. "Please understand these multiple rates are coming from... this desire to drive other ends through indirect tax policy and other concerns of the states," Debroy said at Aaj Tak GST Conclave. "And therefore, you have plenty of exemptions, plenty of items that are outside the GST net and multiple rates." The present GST tax rates are divided into four slabs of -- 5 per cent, 12 per cent, 18 per cent and 28 per cent -- as decided by the GST Council. Als...