India’s per Capita Income Rises 7.4% to ₹93,293

India’s per Capita Income Rises 7.4% to ₹93,293

India’s per capita income rose by 7.4% to ₹93,293 in 2015-16, as against ₹86,879 witnessed in the preceding fiscal. Several analysts expect that the per capita income will cross the ₹1 lakh mark for the first time ever in 2016-17. The Gross National Income (at 2011-12 prices) was estimated at ₹112.13 lakh crore, as against ₹104.28 lakh crore in 2014-15. Source: Inshorts

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India Plans to Become Gas-based Economy

India Plans to Become Gas-based Economy

India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG), Oil minister Dharmendra Pradhan has said. The move would help India – the world’s third-biggest oil importer – curb its greenhouse emissions, keeping in-line with the government’s target of shaving a third off the country’s emissions rate by 2030, he added. Source: Inshort

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ICICI First Indian Bank to Partner BRICS Bank

ICICI First Indian Bank to Partner BRICS Bank

ICICI Bank on Thursday became the first financial institution in the country to tie up with the BRICS (Brazil, Russia, India, China, South Africa) Grouping-promoted New Development Bank (NDB). The two banks signed a memorandum of understanding (MoU) to consider each other as “preferred” partners for collaboration in bond issuances, co-financing, treasury management and human resources. Chanda Kochhar, MD and CEO, ICICI Bank, and KV Kamath, President, NDB, signed the MoU on behalf of their…

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Boon to Provident Fund Employees

Boon to Provident Fund Employees

The employees Provident fund organisation raised the interest rate to 8.8% from 8.75%, while the Government has reduced the interests on postal deposits by 25 basis points. However the interest rates in PPF, NSC, Sukanya Samridhi Yojana, Senior citizen’s savings scheme and the monthly income scheme is left untouched time being. This will help the economy to move to a lower overall interest rate regime eventually and thereby help low-income and salaried classes. What is your opinion? Share your ideas…

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Government Target on Wi-Fi Hotspots

Government Target on Wi-Fi Hotspots

Government target to instal 2,500 Wi-Fi hotspots by next fiscal The government target to reach up to 50 crore internet subscribers in next 6-7 months, besides installing 2,500 Wi-Fi hotspots at 256 places by the next fiscal “Today mobile penetration is 100 crore, while internet penetration is 40 crore.  It took more than 3-4 years to become from 20 to 30 crore.  It took less than a year to become from 30 to 40 crore…

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Apple Reduces Production of iPhone 6S,6S Plus

Apple Reduces Production of iPhone 6S,6S Plus

Apple Reduce Production Of iPhone 6S,6S Plus By 30 Per Cent Due to some mounting inventories, the Apple Inc is likely to cut production of its latest iPhone models  by about 30 per cent  in the month of January-March quarter The report says a 2.5 per cent drop in Apple shares, which have lost about a quarter of their value from record highs in April, reflecting worries over slowing shipments. On Wednesday, Shares in the…

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Investment for Maximum Benefit

Investment for Maximum Benefit

Youngsters have thought about saving for the rainy days but are not experienced enough to identify the good investment from dud one. If only they spend time, effort and money to increase skills and knowledge needed. Step 1: The link IdiotsWayToWealth is a short (about 30mins) free online movie made for Indian young investors. Step 2: A cartoonists view in 118 words is available here Step 3: Link the goals to savings. Step 4: Save and…

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Indian Industrial Output Grows by 9.8%

Indian Industrial Output Grows by 9.8%

Festival season always marks a boom in purchases of consumer goods, providing evidence that the Indian economy is picking up pace. India’s Industrial growth climbed to a five-year high in October. As measured by the Index of Industrial Production (IIP), output surged 9.8 per cent in October, data released by the statistics office on Friday showed, the fastest since October 2010. Source: India Blooms

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Survey Predicts a 10% increase in Salary

Survey Predicts a 10% increase in Salary

The report is from India All Industries Total Remuneration Survey, and was done by consulting firm Mercer over 691 Indian organizations.  The expected increase in the base salary of Indian employees in 2016 is 10.5% especially in life sciences and IT industries. Mercer’s global CEO Julio Portalatin told ET. “The phenomenon is likely to continue with life sciences and IT with life sciences slightly ahead of IT,” he continued. About 48% of Indian companies expect…

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India’s E-commerce to Reach $100 billion by 2020

India’s E-commerce to Reach $100 billion by 2020

India had already plunged into e-commerce market. It is predicted to grow ten fold and in next five years reach $ 100 billion, DIPP Secretary Amitabh Kant said today. According to a report titled ‘Direct selling; Mapping the industry across Indian states’, the country’s e-commerce sector, which is around $ 10 billion (Rs 65,000 crore) at present, can even touch $ 250 billion in next ten years as digital penetration of Internet, smartphones and digital…

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