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5G gets another push but wait only gets longer

New Delhi: Giving India’s 5G dreams another push, several tech giants on Monday demonstrated potential power of 5G with live use cases on the inaugural day of the “India Mobile Congress 2019” here. A joint KPMG in India-IMC-COAI report, however, claimed that 5G is most likely to see widespread adoption only by 2025 in the country and till then, over 600 million …

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RBI Central Board reviews economic situation, coop banks

Mumbai: The Reserve Bank of India’s (RBI) Central Board met in Chandigarh on Friday and reviewed the current economic situation, global and domestic challenges and various areas of operation of the central bank as economic slowdown becomes more pronounced and the latest manipulation of loans at PMC flags off a new threat to banking governance and NPA frauds while depositors …

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Historic fall in India vehicles sales enters 11th month

New Delhi: Despite a 135 basis point rate cut since February and a number of measures announced by the Central government, including a sharp corporate tax cut, domestic vehicle sales plummeted for the 11th straight month in September. Society of Indian Automobile Manufacturers (SIAM) data released on Friday showed that total commercial vehicle sales — a proxy for the economy’s …

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BIZ SCAN

GST Seminar on Oct 16 at GCCI PANAJI: The GCCI in collaboration with  Commissionerate of CGST, Goa  and  BDO  will be  organising a full day seminar  on October 16,  at GCCI Conference Hall. The seminar will cover the latest amendments in GST  and GST returns and  will be  addressed by   Mumbai based chartered accountant Janak Waghani and CGST officials The latest GST …

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Jio voice charges may improve incumbents’ revenues: CARE

New Delhi: Reliance Jio’s move to charge voice calls at 6 paise a minute to other networks may improve the revenues for incumbents, CARE Ratings said on Friday. “Reliance Jio’s move to recover IUC from the customers points out that the telco aims to increase its ARPU (average revenue per user) and now charge for the voice call services provided …

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UP to link ownership of urban properties to Aadhaar

IANS Lucknow All urban properties in Uttar Pradesh will now be linked to the Aadhaar cards of the owners. The Yogi Adityanath government is preparing to implement the Urban Properties Ownership Record (UPOR) Scheme, on the pattern of Karnataka. “This scheme will help in identifying ‘benami’ properties, multiple properties and will also increase tax collection in Municipal Corporations,” said a …

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Only two couples sign up for ‘Karwa Chauth’ train

PTI New Delhi  The idea was to rekindle romance in marriage on a train journey through the deserts of Rajasthan but the Indian Railways plan for a special ‘Karwa Chauth’ train service came a cropper with only two couples signing up, sources said. The result: the Majestic Rajasthan Deluxe, which was launched to provide a ‘dream holiday’ to couples for …

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India badly needs modern laws to tax digital giants: Experts

IANS New Delhi With the Organisation of Economic Co-operation and Development (OECD) proposing an overhaul in the taxation system for digital companies, cyber experts on Thursday urged the Indian government to speed up necessary changes in domestic laws on internet taxation so that tech giants like Google, Facebook and Amazon can be asked to shell out taxes they have been evading for years. The …

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Hopeful India will make independent decision on 5G: Huawei

IANS New Delhi Chinese telecom equipment firm Huawei Technologies, which has got approval to take part in the demonstration of 5G during the three-day India Mobile Congress started on Thursday, said it is hopeful that the Indian government will make independent and fair decision on 5G for the country’s long-term benefit, based on verifiable facts and technical data rather than ideology or the vendor’s …

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Over 500 international delegates expected for Vibrant Goa

Panaji: With just a week left for the Vibrant Goa Summit in the state from October 17-19, organisers of the summit on Wednesday claimed that over 500 international delegates are expected to participate in the mega event at S P Mukhurji stadium. Additionally, 275 booths have already been booked by the business community.  Some of the international delegates attending the …

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