Salaried class have always complained of raw deal year after year in income tax laws. But the good news is you can still manage to pay Zero (NIL) income tax on salary of up to Rs 20 lakhs (Salary here means cost to company). All you need to have is right salary structure and invest […]
Archives for February 2020
Nilekani says MDR would have trended to zero even without government
Infosys Chairman Nandan Nilekani said the merchant discount rate (MDR) would have trended to zero even if the government had not gotten involved and said payment providers in India should focus on budget payments that will help small merchants across the country. MDR is a fee that is levied by banks on merchants for the […]
How Walmart’s taking on Amazon, with help from Indian engineers
Amazon has hit almost every US retailer adversely. An exception has been Walmart. At over $500 billion in revenue, it remains more than twice as big as Amazon. In 2019, its share price rose 27%, much faster than Amazon’s and among the fastest in the Dow Jones index. The stock price surge actually began in […]
Sovereign Gold Bond – February 2020 – Review & How to Buy?
Government of India has launched the Series IX for FY 2019-20 of Sovereign Gold Bonds from February 3 to 7, 2020. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: February 3 […]
Delhi’s digital poll war: ‘Lage raho’ vs ‘Dil mein’
Digital campaigning for Delhi’s election scheduled on February 8 is a battle between the two most proficient political messengers on social media — BJP and AAP. A portacabin inside Delhi chief minister Arvind Kejriwal’s official Civil Lines residence is Aam Aadmi Party’s (AAP) digital headquarters. The messaging this time, says AAP’s social media head Ankit […]
Behind Amazon’s HQ2 fiasco: Jeff Bezos was jealous of Elon Musk
When Elon Musk secured $1.3 billion from Nevada in 2014 to open a gigantic battery plant, Jeff Bezos noticed. In meetings, the Amazon.com Inc. chief expressed envy for how Musk had pitted five Western states against one another in a bidding war for thousands of manufacturing jobs; he wondered why Amazon was okay with accepting […]
India is next playground for game development
India is becoming a development hub for games, opening up job opportunities in the sector. Currently, close to 23,000 gaming-based job openings are available, with salary packages ranging from Rs 3 lakh to a little over Rs 40 lakh, according to specialist staffing firm Xpheno. UBISOFT, 99Games, GSN, Moonfrog Labs, EA, Nazara Technologies, Octro and […]
German firm finds 1million files of Indian patients leaked
Nearly one million medical files and 107 million related medical images of Indian patients, including X-rays and scans, are freely accessible on the internet, an investigation by German security firm Greenbone Networks has found. The records and images include details such as patient name, date of birth and ID, name of the medical institution, ailment, […]
Revised IT intermediary rules in 2 weeks after law ministry’s nod
The government is expected to notify within two weeks the revised IT intermediary guidelines that seek to make social media companies more responsible for content on their platforms, two government officials told ET. The Ministry of Electronics and IT (MeitY) will seek the law ministry’s views on the validity of the provisions in the draft […]
How to achieve diversification on the road to retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. How to achieve diversification on the road to retirementClients are advised to attain diversification in their investment portfolios to ensure that it can support a longer retirement horizon, writes an expert in Kiplinger. This means having to diversify their […]