Thursday, January 17, 2019

Sabarimala Temple row: Two women who entered shrine move Supreme Court for security, hearing on Friday

Sabarimala Temple row: Two women who entered shrine move Supreme Court for security, hearing on Friday
Sabarimala Temple row: Two women who entered shrine move Supreme Court for security, hearing on Friday
The plea sought directions to all authorities to allow women of all age groups to enter the temple without any hindrance and to ensure security and safe passage, including police security to women wishing to enter the temple in future.

Source: TFE

Karnataka political crisis: Cooped up in Haryana, BJP MLAs say final call on returning to state after Congress’ Friday meet

Karnataka political crisis: Cooped up in Haryana, BJP MLAs say final call on returning to state after Congress’ Friday meet
Karnataka political crisis: Cooped up in Haryana, BJP MLAs say final call on returning to state after Congress’ Friday meet
Karnataka BJP MLAs who are cooped up in a resort in Haryana will take a call on returning to the state after the Congress legislature party meeting on Friday, according to sources.

Source: TFE

WATCH: Mayawati’s 63rd birthday sees BSP workers loot cake, dancers dish out raunchy moves

WATCH: Mayawati’s 63rd birthday sees BSP workers loot cake, dancers dish out raunchy moves
WATCH: Mayawati’s 63rd birthday sees BSP workers loot cake, dancers dish out raunchy moves
While BSP workers in Amroha of Uttar Pradesh decided to cut an extravagant cake for her birthday, an MLA in Damoh of Madhya Pradesh threw a lavish party with dancers followed by a cake cutting ceremony to celebrate the leader's birthday.

Source: TFE

Health insurance alert! E-Meditek’s TPA licence cancelled by IRDAI; Here’s how you may be impacted

Health insurance alert! E-Meditek’s TPA licence cancelled by IRDAI; Here’s how you may be impacted
Health insurance alert! E-Meditek’s TPA licence cancelled by IRDAI; Here’s how you may be impacted
TPAs are the intermediaries between the insurance companies and the policyholder in the claims settlement process of health insurance policies.

Source: TFE

Mumbaikers take note! Navi Mumbai Airport to be operational by mid next year; details here

Mumbaikers take note! Navi Mumbai Airport to be operational by mid next year; details here
Mumbaikers take note! Navi Mumbai Airport to be operational by mid next year; details here
The Navi Mumbai Airport is a greenfield airport, under construction at the Ulwe Kopar Panvel road in Maharashtra. The airport, once ready for operating services is expected to provide a boon to the financial capital of the nation.

Source: TFE

Vivo Y91 with dual cameras launched in India: Up to 3TB free 4G data, Rs 2,000 cashback, and other offers

Vivo Y91 with dual cameras launched in India: Up to 3TB free 4G data, Rs 2,000 cashback, and other offers
Vivo Y91 with dual cameras launched in India: Up to 3TB free 4G data, Rs 2,000 cashback, and other offers
Focussing aggressively in the budget range in the Indian smartphone market, Vivo has launched the Y91 which will be available for Rs 10,990 in the country. The company says the Vivo Y9 will be manufactured at the Chinese company’s Greater Noida facility. Commenting on the launch of Vivo Y91, Jerome Chen, Senior Vice President, Vivo […]

Source: TFE

RIL shares trade higher ahead of Q3 results scheduled today; key things to watch out for

RIL shares trade higher ahead of Q3 results scheduled today; key things to watch out for
RIL shares trade higher ahead of Q3 results scheduled today; key things to watch out for
Shares of billionaire Mukesh Ambani-led Reliance Industries gained in trade on Thursday morning, ahead of Q3 results scheduled to be reported later today. We take a look at key expectations.

Source: TFE

Panj Takht Express: Visit 5 sacred Sikh Takhts with IRCTC’s tour package; Check fare, schedule & other details

Panj Takht Express: Visit 5 sacred Sikh Takhts with IRCTC’s tour package; Check fare, schedule & other details
Panj Takht Express: Visit 5 sacred Sikh Takhts with IRCTC’s tour package; Check fare, schedule & other details
The Panj Takht Express tour package includes train journey in 3AC coaches, having a seating capacity of 800. The all-inclusive tour package, which charges Rs 15,750 per passenger.

Source: TFE

Vector-borne disease health cover: Do you need it? Find out

Vector-borne disease health cover: Do you need it? Find out
Vector-borne disease health cover: Do you need it? Find out
Vector-borne diseases are mostly bloodsucking insects, such as flies, triatomine bugs, sandflies, fleas, ticks, and mosquitoes, transmitting diseases such as malaria, chikungunya, dengue, and schistosomiasis.

Source: TFE

I-T refunds in 24 hours by 2020: Infosys to build Rs 4,242 crore tax filing system to help taxpayers

I-T refunds in 24 hours by 2020: Infosys to build Rs 4,242 crore tax filing system to help taxpayers
I-T refunds in 24 hours by 2020: Infosys to build Rs 4,242 crore tax filing system to help taxpayers
In a bid to reduce the processing time for refunds to just one day from 63 days, the government has selected IT-major Infosys to develop Rs 4,241.97 crore worth next-generation income tax filing system.

Source: TFE

Arun Jaitley blog: FM dubs Opposition as compulsive contrarians, accuses them of subverting democracy

Arun Jaitley blog: FM dubs Opposition as compulsive contrarians, accuses them of subverting democracy
Arun Jaitley blog: FM dubs Opposition as compulsive contrarians, accuses them of subverting democracy
Terming opposition parties as 'Compulsive Contrarians', Finance Minister Arun Jaitley Wednesday accused them of manufacturing falsehood and subverting democracy by weakening an elected government.

Source: TFE

Ranji Trophy Kerala vs Gujarat: Sanju Samson does an Anil Kumble, bats with one hand after sustaining finger injury

Ranji Trophy Kerala vs Gujarat: Sanju Samson does an Anil Kumble, bats with one hand after sustaining finger injury
Ranji Trophy Kerala vs Gujarat: Sanju Samson does an Anil Kumble, bats with one hand after sustaining finger injury
In Kerala's second innings, Mohammed Azharudeen, who was the opener, fell for a duck in the second over and the team lost wickets at regular intervals before Sijomon Joseph (56) and an experienced Jalaj Saxena (44 not out) put on a 53 runs for the sixth wicket.

Source: TFE

Dance and liquor can go together: Supreme Court sets aside restrictions on Maharashtra dance bars

Dance and liquor can go together: Supreme Court sets aside restrictions on Maharashtra dance bars
Dance and liquor can go together: Supreme Court sets aside restrictions on Maharashtra dance bars
The Supreme Court on Thursday set aside certain provisions of a law imposing restrictions on the licensing and functioning of dance bars in Maharashtra.

Source: TFE

Now pay for your Ola rides after 15 days; company to take postpaid payment feature to 15 crore users

Now pay for your Ola rides after 15 days; company to take postpaid payment feature to 15 crore users
Now pay for your Ola rides after 15 days; company to take postpaid payment feature to 15 crore users
Ola claims 10% of its current user base to be on Ola Money Postpaid with a very "promising" repeat usage rates as 90% of the early adopters have used the offering more than once.

Source: TFE

Indian-American Raja Krishnamoorthi first South Asian to serve on powerful committee on intel

Indian-American Raja Krishnamoorthi first South Asian to serve on powerful committee on intel
Indian-American Raja Krishnamoorthi first South Asian to serve on powerful committee on intel
Indian-American Democratic lawmaker Raja Krishnamoorthy has been appointed as a member of a Congressional committee on intelligence, becoming the first South Asian to serve in the powerful body tasked to strengthen America's national security.

Source: TFE

Budget 2019: Here’s how much income tax relief Modi-Jaitley have given in last 4 years

Budget 2019: Here’s how much income tax relief Modi-Jaitley have given in last 4 years
Budget 2019: Here’s how much income tax relief Modi-Jaitley have given in last 4 years
Budget 2019: We take a look at how much of aggregate income tax relief Finance Minister Arun Jaitley has given in the last four years of Narendra Modi’s government.

Source: TFE

Game of Thrones is coming to phones, thanks to Tencent

Game of Thrones is coming to phones, thanks to Tencent
Game of Thrones is coming to phones, thanks to Tencent
China’s largest social and media gaming company will be the sole distributor for Game of Thrones: Winter is Coming, developed by Yoozoo, Tencent said on its official WeChat account. It didn’t specify a launch date but said it would dovetail with the show’s final season airing from April.

Source: TFE

Gurmeet Ram Rahim Singh sentencing: Court to pronounce quantum of punishment today, security stepped up in Haryana

Gurmeet Ram Rahim Singh sentencing: Court to pronounce quantum of punishment today, security stepped up in Haryana
Gurmeet Ram Rahim Singh sentencing: Court to pronounce quantum of punishment today, security stepped up in Haryana
On January 11, Special CBI Court judge Jagdeep Singh had held Ram Rahim and three others - Kuldeep Singh, Nirmal Singh and Krishan Lal- guilty in the 2002 journalist murder case.

Source: TFE

UAE airline starts legal case against Abraaj founder Naqvi

UAE airline starts legal case against Abraaj founder Naqvi
UAE airline starts legal case against Abraaj founder Naqvi
The low-cost carrier said it began legal proceedings "through the filing of a misdemeanor case" in a court in Sharjah, the United Arab Emirates. "Air Arabia Group has investments outstanding with private equity firm Abraaj," it said in a statement.

Source: TFE

Microsoft pledges $500 million to boost affordable housing

Microsoft pledges $500 million to boost affordable housing
Microsoft pledges $500 million to boost affordable housing
Microsoft Corp. said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area, responding to a growing regional housing crisis that has strained the finances of many lower- and middle-income residents.

Source: TFE

BJP fully committed to fulfilling aspirations of the youth: PM Modi

BJP fully committed to fulfilling aspirations of the youth: PM Modi
BJP fully committed to fulfilling aspirations of the youth: PM Modi
Prime Minister Narendra Modi Thursday said the BJP is fully committed to fulfilling the dreams and aspirations of the country's talented youngsters, as the party's youth wing launched its campaign for his return to power in the Lok Sabha polls. 

Source: TFE

Amid row, Justices Dinesh Maheshwari, Sanjiv Khanna appointed Supreme Court judges

Amid row, Justices Dinesh Maheshwari, Sanjiv Khanna appointed Supreme Court judges
Amid row, Justices Dinesh Maheshwari, Sanjiv Khanna appointed Supreme Court judges
Justice Dinesh Maheshwari, Chief Justice of Karnataka High Court, and Justice Sanjiv Khanna of Delhi High Court were on Wednesday appointed as judges of the Supreme Court following Presidential approval.

Source: TFE

ISIS modules: NIA carries out fresh raids in western UP, Punjab

ISIS modules: NIA carries out fresh raids in western UP, Punjab
ISIS modules: NIA carries out fresh raids in western UP, Punjab
The NIA said that searches were being conducted based on inputs from interrogation of the people arrested for allegedly being part of 'Harkat ul Harb e Islam' module of global terrorist group ISIS.

Source: TFE

Vistara’s 4th-anniversary offer: Now, book flight tickets for just Rs 899; check routes, other details

Vistara’s 4th-anniversary offer: Now, book flight tickets for just Rs 899; check routes, other details
Vistara’s 4th-anniversary offer: Now, book flight tickets for just Rs 899; check routes, other details
Vistara 'special 24-hour' offer: The ticket fares are available for all three classes of travel - economy, premium economy, and business class at discounts of up to 80 per cent, the airline said.

Source: TFE

Delhi weather: Minimum temperature settles at 4.2 degree Celsius, fog delays 11 trains

Delhi weather: Minimum temperature settles at 4.2 degree Celsius, fog delays 11 trains
Delhi weather: Minimum temperature settles at 4.2 degree Celsius, fog delays 11 trains
The fog dropped visibility in various parts of the city. The visibility was 400 metres at Safdarjung at 8.30 am and 250 metres at Palam at 7.30 am, said a MeT department official. Relative humidity was 100 per cent in the morning.

Source: TFE

Gujarat High Court seeks state govt's reply on student safety during tours

Gujarat High Court seeks state govt's reply on student safety during tours
Gujarat High Court seeks state govt's reply on student safety during tours
According to the petitioner, various educational institutions, including coaching classes, organise picnics or study tours for their students, but in the absence of proper guidelines

Source: DI

Issue permits to tipplers within 24 hours of application: Maharashtra excise department to districts

Issue permits to tipplers within 24 hours of application: Maharashtra excise department to districts
Issue permits to tipplers within 24 hours of application: Maharashtra excise department to districts
The department has asked all district superintendents to ensure that tipplers are issued permits to consume liquor within 24 hours after applying for them online.

Source: DI

Gross absorption of commercial space in India touches 48.1m sq ft; tech co-working space drives demand

Gross absorption of commercial space in India touches 48.1m sq ft; tech co-working space drives demand
Gross absorption of commercial space in India touches 48.1m sq ft; tech co-working space drives demand
Gross absorption of commercial space in India touches 48.1m sq ft; tech co-working space drives demand Preleasing and large deals set a new trend in 2018. Expansionary activity by occupiers led to the resurgence of large deals

Source: MC

Aprilia RS 150 spied at dealer meet in Goa, looks like GPR 150

Aprilia RS 150 spied at dealer meet in Goa, looks like GPR 150
Aprilia RS 150 spied at dealer meet in Goa, looks like GPR 150
Aprilia RS 150 spied at dealer meet in Goa, looks like GPR 150 The floating fairing, Aprilia graphics scheme and tiny tail section seems to have been dropped for a more conventional fairing and a longer wider pillion seat.

Source: MC

Rafale deal: Arun Jaitley slams Congress for spreading #39;concocted figures#39;, #39;not stopping falsehood#39;

Rafale deal: Arun Jaitley slams Congress for spreading #39;concocted figures#39;, #39;not stopping falsehood#39;
Rafale deal: Arun Jaitley slams Congress for spreading #39;concocted figures#39;, #39;not stopping falsehood#39;
Rafale deal: Arun Jaitley slams Congress for spreading #39;concocted figures#39;, #39;not stopping falsehood#39; Taking a dig at the Opposition, Jaitley said a new class of Compulsive Contrarians, including the left and dynastic politicians, had emerged to oppose every act of the government.

Source: MC

D-Street Buzz: PSU banks in red led by SBI; MM rises 1%, Apollo Hospitals at new 52-week high

D-Street Buzz: PSU banks in red led by SBI; MM rises 1%, Apollo Hospitals at new 52-week high
D-Street Buzz: PSU banks in red led by SBI; MM rises 1%, Apollo Hospitals at new 52-week high
D-Street Buzz: PSU banks in red led by SBI; MM rises 1%, Apollo Hospitals at new 52-week high The top gainers from NSE included Bharti Infratel, GAIL India, HPCL, Mahindra Mahindra and Indian Oil Corporation while the top losers included YES Bank, State Bank of India, Zee Entertainment, Hindalco Industries and Eicher Motors.

Source: MC

Pakistan SC asks Imran Khan govt to lift travel ban on opposition leaders

Pakistan SC asks Imran Khan govt to lift travel ban on opposition leaders
Pakistan SC asks Imran Khan govt to lift travel ban on opposition leaders
Pakistan SC asks Imran Khan govt to lift travel ban on opposition leaders The Supreme Court, in a detailed judgement, ordered the government to remove the names of opposition Pakistan Peoples Party (PPP) chairman Bilawal and Sindh Chief Minister Murad Ali Shah from the ECL.

Source: MC

Party might not continue for IT stocks in 2019; Morgan Stanley lists 6 reasons

Party might not continue for IT stocks in 2019; Morgan Stanley lists 6 reasons
Party might not continue for IT stocks in 2019; Morgan Stanley lists 6 reasons
Party might not continue for IT stocks in 2019; Morgan Stanley lists 6 reasons 2019 is unlikely to be a good year for IT names as analysts are predicting slower global growth, especially in US and Europe

Source: MC

Gurmeet Ram Rahim Singh sentencing in journalist murder case today, security stepped up in Haryana

Gurmeet Ram Rahim Singh sentencing in journalist murder case today, security stepped up in Haryana
Gurmeet Ram Rahim Singh sentencing in journalist murder case today, security stepped up in Haryana
Gurmeet Ram Rahim Singh sentencing in journalist murder case today, security stepped up in Haryana A special court in Panchkula will pronounce the quantum of sentence through video conference on January 17

Source: MC

Heads we win, tails you lose: A new tax plan has MNCs scared - economic news of india - world economic news - economics news for students - indian economy news

Heads we win, tails you lose: A new tax plan has MNCs scared - economic news of india - world economic news - economics news for students - indian economy news
Heads we win, tails you lose: A new tax plan has MNCs scared
The income tax department has a backup plan if things don’t go its way when making a demand on companies — a safety net in the form of protective notices.The revenue department has started issuing two sets of tax demand notices to one company, a move that has stumped multinationals already fighting transfer pricing cases, apart from potentially increasing their legal burden.The second, protective notice gets triggered only if a company successfully contests the initial demand for tax payable under transfer pricing. Industry experts said such notices have been issued in several transfer pricing cases, ranging from royalty payments to advertising, marketing and promotion (AMP) expenses.“What would now happen is that companies may end up fighting for the same related-party transaction under two different assertions by the tax office simultaneously,” said Kunj Vaidya, a partner at Price Waterhouse & Co.While the first tax demand may be based on AMP adjustment, the protective notice could be on the overall profitability of a company, experts said. In one case, the AMP tax demanded from a multinational company was about Rs 100 crore, while the second notice, based on a separate income tax law, demanded the same amount.“The tax department, rather than focusing on sophisticated approaches relating to the more important issue of marketing intangibles, which can eventually lead to sustainable tax collections, is misdirecting the focus on making transfer pricing adjustments on standalone AMP expenses and also protective assessments,” said Rahul Mitra, a partner at Dhruva Advisers.Experts said that while protective notices don’t lead to double taxation, it generates uncertainty for companies about their liabilities. Companies could also end up fighting in two forums simultaneously for the same amount – when the second protective demand is triggered and if the tax department decides to contest the first case it lost.This would increase the litigation burden of multinationals and generate confusion.
Source: ET

When drivers, peons got flats at Re 1/sq ft - economic news of india - world economic news - economics news for students - indian economy news

When drivers, peons got flats at Re 1/sq ft - economic news of india - world economic news - economics news for students - indian economy news
When drivers, peons got flats at Re 1/sq ft
Skeletons kept tumbling out of the closet in the forensic audit of embattled Amrapali Group, as court-appointed auditors on Wednesday told the Supreme Court that posh flats were booked on sums as low as Re 1, Rs 5 and Rs 11 per sq ft in the name of over 500 people. The audit found that 23 companies were floated in the name of office boys, peons and drivers and these firms were part of Amrapali consortium and were made fronts to divert home buyers' money. The two forensic auditors told the apex court that they have issued notices to 655 people on whose names 'benami' flats were booked but no one was found in 122 such locations. The interim report of forensic auditors which was submitted before a bench of justices Arun Mishra and U U Lalit said that Chief Financial Officer (CFO) Chander Wadhwa had transferred Rs 4.75 crore to "unidentified persons" just three days before he deposed before the top court on October 26, last year. "He (Wadhwa) had in his account Rs 12 crore till March 2018. Then he had transferred Rs 1 crore in the name of his wife. Just three days before he appeared in the court for the first time on October 26, 2018, he had transferred Rs 4.75 crore to some unidentified persons," forensic auditor Pawan Kumar Agarwal told the bench. The submission of Agarwal irked the bench which pulled up Wadhwa who was present in the court and warned him of contempt action. "You (Wadhwa) are putting spoke in the wheels of justice. You very well knew that questions will be asked by the court and hence you transferred the money. We want the entire tranche of money back in seven days time. You had no business to transfer the money on October 23, 2018. You have obstructed the course of justice and we may haul you up for contempt of court," the bench said. The court also asked the forensic auditors to produce the orders of Income Tax department which during its search and seizure conducted in 2013-14 had recovered Rs 200 crore bogus bills and vouchers besides Rs one crore from Amrapali Group CMD Anil Kumar Sharma and Rs one crore from director Shiv Priya. Another forensic auditor Ravi Bhatia told the court that Amrapali Group had appealed against the IT order which had deleted the paragraph which mentioned of Rs 200 bogus bills and vouchers raised on account of purchase of raw materials. "You submit us both the orders of IT department and the appellate authority. We would like to see them," the bench said. The top court also brought under its scanner multi-national firm JP Morgan Real Estate fund, which had invested Rs 85 crore in Amrapali Zodiac in 2010 by purchasing its share and later selling those shares to the sister companies of reality firm. The forensic auditors pointed out that shares purchased and agreement of JP Morgan Real Estate fund and Amrapali Group were in violation of the provisions of law. "After investing Rs 85 crore in purchasing the shares of Amrapali Zodiac with an agreement which was impermissible in law they again sold those shares for Rs 140 crore to little known companies Neelkanth and Rudraksh which were owned by Chandan Mittal and Vivek Mittal who worked in the office of Amrapali statutory auditors. These two companies were sister companies of Amrapali Group," the forensic auditors said. To this, the bench told the counsel for JP Morgan and its India in-charge that the company needs to explain lot of things and they need the reply within one week. "You have to explain within a week when did this transaction took place, what documents had you seen, when did you appointed your Chief Financial Officer, who took the decision to sell those shares to companies like Neelkanth and Rudraksh, whether any study was conducted to see the standing of these companies in market, who signed the documents and lastly who signed the cheques. We want each and every details in one week," the bench said. It also warned that if their were no satisfactory reply to the questions then the court may direct Serious Fraud Investigation Office (SFIO) to look into the matter. The counsel for JP Morgan, however, said that they would explain everything to the court and urged the bench not to get prejudiced with the findings of forensic audit. To provide relief to over lakhs of home buyers residing in various projects of Amrapali Group without registration, the bench also sought legal suggestions from parties and the Noida and Greater Noida authorities on registration of their flats and posted the matter for further hearing on January 24. The apex court had on December 12, asked the two forensic auditors to examine the trail of around Rs 3,000 crore, the home-buyers' money allegedly spent by the Amrapali Group on buying shares of its sister companies and asset creation. It had directed the forensic auditors to ascertain the numbers of flats which were 'benami' property, doubly booked or booked on a nominal value by Amrapali Group. On November 13 last year, in a massive crackdown on Amrapali Group for "wilful disobedience" of its orders, the apex court had attached the company's 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a "benami" villa in Goa. The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group.
Source: ET

Indian startups' biggest gripe is finally gone - economic news of india - world economic news - economics news for students - indian economy news

Indian startups' biggest gripe is finally gone - economic news of india - world economic news - economics news for students - indian economy news
Indian startups' biggest gripe is finally gone
NEW DELHI: Keen to promote entrepreneurship in the country, the government has liberalised the conditions for startups and investors to shield them from what has been called ‘angel tax’.Latest changes, notified on Wednesday, provide simpler mechanism for startups to claim exemption from this tax even for past investments, including to startups incorporated before April 2016, the cut-off date for incentive under the startup policy announced by the government.“All previous and future investments are covered, startups incorporated before April 2016 also covered,” Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek told ET. 67566620 To claim the exemption startups and investors need to make an application via DIPP in a prescribed format along with necessary documents. The Central Board of Direct Taxes (CBDT) will then issue certificate of exemption within 45 days of the application.The application will no longer be required to be cleared by the interministerial committee. Also, fair market valuation certificate from merchant banker is not needed any more. The application only seeks justification for the valuation of shares along with supporting document, if any.ET had reported on Wednesday that changes are expected to shield startups from the tax.Startups, whose aggregate amount of paid up share capital and share premium does not exceed Rs 10 crore after the proposed issue of shares, are eligible for angel tax exemption. The notification also mandates angel investors to have filed income tax returns of at least Rs 50 lakh for the year preceding the investment year, a measure that seeks to ensure there is no money laundering via this route.Additionally, the investor’s net worth should exceed Rs 2 crore or the amount of investment proposed in the startup, whichever is higher, as on the last date of the financial year preceding the investment year. No application for exemption can be made if assessment order has been passed by an assessing officer for the relevant financial year. There is relief for cases that are under process but where assessment order has not yet been passed.Indian Private Equity and Venture Capital Association (IVCA) welcomed the notification.“A simplified form to be filled by startups, which needs only the PAN details from investors, and some other simplified and basic information which can be easily provided to the regulators,” said Rajat Tandon, president of IVCA.ANGEL TAXUnder Section 56 (2) of the Income Tax Act where a closely held company issues its shares at a price more than its fair market value, the amount received in excess of the fair market value will be taxed as income from other sources.This section, touted as an antiabuse measure, was introduced by former finance minister Pranab Mukherjee in 2012. As it impacted angel investments in startups, it came to be called angel tax.Levy of this tax on a number of startups had rattled the sector, creating pressure on the government to announce relief.
Source: ET

India's Budget history lies buried in Kolkata - economic news of india - world economic news - economics news for students - indian economy news

India's Budget history lies buried in Kolkata - economic news of india - world economic news - economics news for students - indian economy news
India's Budget history lies buried in Kolkata
When Finance Minister Arun Jaitley presents Budget 2019-20 on February 1, he would be filling the shoes of a man made invisible by the haze of history. In 1860, James Wilson, a Scotsman, created India's first Budget. He now lies buried in the Mullickbazar Cemetery in Kolkata.Founder of 'The Economist' magazine and what is today the Standard Chartered Bank, Wilson started out as a lowly hatmaker and taught himself to rise to the position of finance member in Viceroy Lord Canning's council in undivided India. He was also a Member of Parliament in England, Finance Secretary to the UK Treasury and Vice-President of the Board of Trade. Wilson arrived in India on November 28, 1859, two years after what the British call the Sepoy Mutiny and Indians their first War of Independence. The event had drained the resources of the government. The increased military expenditure had left it with big debts. Wilson, a self-taught economist with a deep knowledge of how the market worked, was seen to be the man who could salvage the grave financial situation.In his book 'Financial Foundations of the British Raj', Sabyashachi Bhattacharya quotes Wilson's understudy and later successor, Sir Richard Temple: "He [Wilson] introduced for the first time in India a financial budget framed upon the English model – inspired the public mind with fresh confidence – brought together the threads of finance which had been broken and scattered by a military and political convulsion – stimulated the operations of the Military Finance Commission to review the numerous branches of civil expenditure – reviewed the existing system of audit and account – besides discharging the multifarious duties devolving on a finance minister and a member of the general government.” Wilson has another first to his name — introduction of an income tax act which created a big controversy. He argued since the British provided safe and secure environment to Indians to carry on trade they were justified in charging a fee in the form of an income tax. Wilson, a liberal and strong proponent of the policy of laissez-faire, however, failed to see the irony of Britishers first suppressing Indians and then demanding a tax for providing them a secure atmosphere. His magazine, The Economist, was sceptical of imperialism. It argued in 1862 that colonies “would be just as valuable to us...if they were independent”. However, the magazine did believe in the colonial concept of the white man's burden, saying that "uncivilised races" were owed "guidance, guardianship and teaching".An article by two Canadian researchers in 2016 analysed the writings on India of Wilson's magazine from 1843 to the 1860s. It argued that "despite the adherence of the paper to the ideas of laissez-faire nineteenth-century liberal ideas of political economy, its writing on India — and the political career of its founder and editor, James Wilson — demonstrate a ready embrace of empire, government intervention in the economy, and increased taxation. The article suggests this difference can be explained by the expression of colonial difference and attitudes to race".While Wilson's Budget gave India a valuable financial governance tool, his income tax act upset businesses as well as the landed class, the zamindars. Aversion to pay income tax, though understandable in colonial times, has persisted even 70 years after Independence. In December 2016, an income-tax official revealed that India had just 24.4 lakh taxpayers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, were being bought every year for the last five years.
Source: ET

IL&FS staffers stay captive in Ethiopia as bank raises hurdle - economic news of india - world economic news - economics news for students - indian economy news

IL&FS staffers stay captive in Ethiopia as bank raises hurdle - economic news of india - world economic news - economics news for students - indian economy news
IL&FS staffers stay captive in Ethiopia as bank raises hurdle
After spending 50 days in captivity, Chaitanya Hari, an engineer with IL&FS Transportation Network Ltd (ITNL) in Ethiopia, was hoping to be released on Tuesday to be home in time for his sister’s wedding next week.What had raised expectations for Hari and his three colleagues was Exim Bank’s move to lift the freeze on ITNL’s bank account. But Ethiopian Commercial Bank executives have refused to lift the freeze, further delaying the departure of the employees who are now left with no money to even buy food and are living without electricity as their employer is refusing to transfer any funds.Initially, Sukhvinder Singh, Bishnu Nagaraju, Khurram Imam and Hari were held hostage in a camp as the local workers demanded ITNL clear their dues. When this was done, they demanded severance pay for 10 months, which has now been reduced to four months. That puts the bill at less than $200,000, which IL&FS has failed to pay up for over a month now. 67550258 Around 450 km away in Addis Ababa, three other ITNL employees have spent a few weeks in jail as the bankrupt IL&FS group has refused to clear tax dues of around $1.5 million. While two of the arrested employees are now out of the legal tangle, their passports have been taken away. A third, Chandra Sekhar, is out on bail and faces a travel ban, which will not allow him to return to India.IL&FS employees in Ethiopia as well as India put a part of the blame on the government and alleged that the Indian embassy was completely ineffective.Sources said even on Tuesday, local authorities refused to come to their rescue unless IL&FS cleared the dues to employees.“It’s only a matter of Rs 1 crore but the company has refused help to get the employees out,” said an ITNL employee who managed to return to India.IL&FS Group and its various subsidiaries, including ITNL, are facing a liquidity crisis and have defaulted on various debt payments. IL&FS spokesperson refused to comment on the issue.IL&FS employees in Ethiopia and India put a part of the blame on the government and alleged that the Indian embassy was completely ineffective.
Source: ET

BHEL to set solar based EV chargers - economic news of india - world economic news - economics news for students - indian economy news

BHEL to set solar based EV chargers - economic news of india - world economic news - economics news for students - indian economy news
BHEL to set solar based EV chargers
New Delhi : Bharat Heavy Electricals Limited (BHEL) will set up a network of Solar-based Electric Vehicle Chargers (SEVC) on the Delhi-Chandigarh Highway. The project is covered under the Faster Adoption and Manufacturing of Electric Vehicles in India of the Department of Heavy Industry (DHI). The establishment of EV chargers at regular intervals over the entire 250 kms stretch between Delhi and Chandigarh would allay range-anxiety among the Electric Vehicle users and bolster their confidence for inter-city travel, an official statement said. BHEL’s scope of work in the project includes supply and installation of the EV charging stations along with a Central Monitoring System. Each SEVC charging station will be equipped with a rooftop solar power plant to supply green energy to fast and slow chargers planned to be installed at the location.As part of its diversification initiative, BHEL is expanding its footprints in the e-mobility business. BHEL is also executing another commercial order for installation of DC chargers across various locations in the country, the statement said. BHEL is also foraying into manufacturing of EV chargers, electric buses and related critical components. As part of the ‘Make in India’ initiative of the Government of India, in-house development of EV motors,propulsion systems and fast chargers has also been undertaken by the company, it said.
Source: ET

Ericsson says willing to lower royalty rate for 5G smartphone to $2.50 per device - economic news of india - world economic news - economics news for students - indian economy news

Ericsson says willing to lower royalty rate for 5G smartphone to $2.50 per device - economic news of india - world economic news - economics news for students - indian economy news
Ericsson says willing to lower royalty rate for 5G smartphone to $2.50 per device
NEW DELHI: Swedish telecom gear maker Ericsson is willing to halve its royalty rate for 5G smartphones to $2.50 per device from $5 to accommodate the needs of markets such as India where affordable devices are required for mass uptake. “We look at a $5 for a 5G handset but we also said that we are willing to lower our prices to $2.50, depending on the circumstances. We need to accommodate the fact that handsets come at very different price points,” Monica Magnusson, Vice President of IPR Policy, told ET.In comparison, Finland’s Nokia is likely to charge $3.50 royalty per 5G handset, while US-based chipmaker Qualcomm has said it will charge up to $16.25 in royalties.Magnusson’s comments have a major bearing for a market like India where pricing of smartphones is key to wider adoption of the next-gen technology. This year, as many as 30 smartphones are expected to be launched globally running on Qualcomm 5G chipsets. Besides Samsung and Huawei will also launch 5G handsets running their own chipsets. Analysts said that 5G devices this year will be in the premium category, but as commercial 5G spreads out, there will be a demand for affordable handsets, especially in countries like India.“In all our licensing, we…see what a reasonable price for our technology will be and then we market test it through negotiations. And the feedback we get from the licensees impacts our pricing,” she said.In India, Ericsson has been involved in legal battles with various handset players including Xiaomi, Micromax and Intex over the gear vendor's standard essential patents, some of which have been resolved. Ericsson claims to have over 45 thousand patents.The executive said that India is participating in developing technology standards like China and has balanced IPR policies, providing more opportunities to companies as the industry moves towards 5G and Internet of Things (IoT).“There are a lot of opportunities with IoT, opportunity for new use cases and technologies evolving,” she said.Magnusson disagreed with the views of some that India would gain by opting for local 5G standards, saying in fact India could lose out in terms of global competitiveness as the country would lose the economics of scale, thereby increasing the prices of networks and devices.“I don't think we necessarily need national standards to meet Indian challenges as global standards are accommodating enough,” she said.The executive said that Ericsson has been engaging in standardization of 5G with a number of industry stakeholders, across multiple markets, including India.“As we see different use cases emerging, we will introduce more nuances in patent licensing but the basic fundamentals will remain that when you license these patents, you need to charge a royalty that is reflecting the value,” she said. 67040799
Source: ET

2019 will be much better than 2018 for midcaps: Ravi Dharamshi - economic news of india - world economic news - economics news for students - indian economy news

2019 will be much better than 2018 for midcaps: Ravi Dharamshi - economic news of india - world economic news - economics news for students - indian economy news
2019 will be much better than 2018 for midcaps: Ravi Dharamshi
The confluence of local and global cycle picking up together should play out in the agri input side and we prefer 67567719 67567472 67557254 agrochemicals over other inputs, Ravi Dharamshi, CIO, ValueQuest, tells Nikunj Dalmia of ET Now in an exclusive interview. There are good set of companies where significant returns can be made over the next two-three year period, says Dharamshi. Edited excerpts: Well begun is half done or is this just beginners’ luck in 2019? No. First of all, our tribute to John Bogle. There is a lot of contribution to the fund management industry and one has to recognise that. Coming back to 2019, we really went through a rough period in 2018, especially if you are somebody managing a midcap concentrated strategy focussed on Indian midcaps and smallcaps. Valuations are now in our favour and some of the things that were really bothering like crude or the interest rates going higher, have now fallen in place. We can be a little more sanguine about the prospects of interest rate hardening as well as the crude going up. That bodes well for the Indian midcaps and they are relatively more reasonably valued today. So 2019 will definitely augur well, much better than 2018. We had a global scare in the last leg of 2018. There was a scary selloff in Dow, a huge meltdown in the hallowed FAANG stocks. So far, we have managed to survive the first storm. But if this is a recurring or long unwinding, emerging markets like India will also get hit hard. It is surprising definitely but I would say 2019 is going to be more a year of mean reversion than anything else. Since the 2009 bottom, American markets have had a huge outperformance to the world market. The global market cap moved from $25 trillion to $85 trillion over a span of a decade and the biggest contributor to that was from the US market.Relatively speaking, emerging markets have underperformed significantly and this gap between developed market and emerging markets had reached a high point sometime last year and that I think is reversing. So that is one of the reason why we did not see a selloff even though nearly a trillion dollars were wiped off just from the FAANG stocks in the US. Since FIIs have been sellers in our market over last two years, it is not a phenomenon of last three or six months.We are constantly being going down in weightage. Our market cap probably peaked at around 2.5 trillion and came down to 1.8 trillion. We have also seen quite a bit of wealth erosion and that is why today I am much less worried about global crisis setting off or some kind of contagion which can make our markets collapse. I do not think we are facing that kind of scenario today. In markets we have to look forward but I will look back for last two years. 2017 was the big year for fund managers and smallcap investors. 80% of the market went higher. In 2018, 18% of the market either went lower or remains stable. What is in store for 2019? You are right. One of our studies showed that in 2018, more than 50% of the stocks fell more than 50%. In that kind of a scenario, your portfolio cannot be too much different. But enter 2019 and there are many opportunities to invest and those risks where there are unreasonable valuations or unreasonable expectations those have been taken out of the market. Now there are good set of companies where significant returns can be made over the next two-three year period. It might not be immediately in 2019 because some of the concerns are real. The stocks have not come off without a reason. There are good reasons. But that is where the opportunity lies. But opportunity is dressed in overalls and looks like hard work. Are you able to find enough businesses which can give a potential earnings growth of 20% to 25% for next two or three years? Are those businesses available at reasonable levels now? There is an opportunity in the market today in the kind of buckets that we have. What we look for is good business, reasonable valuation and a business tailwind. Now it is very difficult to find a combination of all these three things. So it is definitely very miniscule. But at the same time, if you were to take in a little bit of a cyclical headwind in the business or there are some with structural headwind, then there is a bucket of and a pool of companies available where you can make good money if you stretch your horizon into three and five years of investment. But you will have to live through next 12 months when the problems will still be in the transition phase of turning around. For example, PSU banks or real estate developers are going through some real tough times. Those are structural issues. But valuations are not an issue over there. It is only an issue of whether and if the sentiment will revive. If the sentiment revives, the business tailwinds will come back. There is a going to be a big supply crunch for sure. The number of players are going to be whittled down dramatically in real estate. So that is a positive. Do you own a real estate stock? No, I do not own any and only thing I am saying is that that is a bucket which requires more than five years’ horizon. If you look at something that has more cyclical business headwinds, then over there, your horizon can be three to five years and you can still make good money. Managing public funds, sometimes we face challenges of having a 10-year horizon. So, we have to look at three to five years. I would be more willing to buy a company which has some cyclical headwind going on and which can be corrected by say the raw material prices coming down or some amount of stimulus being given to the economy. Those kind of situations provide more clear and present opportunity for us today. So if we talk about your portfolio positioning in Jan 2018 versus January 2019, how many stocks have vanished, how many stocks have entered and in terms of an aggregate approach is there anything new and different or is it an extension of the same? The last time we spoke, there were stocks priced to perfection and especially some of them were on the consumption side. Now, we are out of stocks that are priced to perfection with a business tailwind. Everything is going in favour but there is no room for error. High quality, high performance, highly valued. The money has been chasing very few ideas in this market and those few ideas have become really outpriced now. As long as the business tailwind continues, the valuations can sustain but I think there is a real risk of a significant underperformance with a three-year point of view. We have seen that in Eicher, we have started seeing that in a Page. , I think you are referring to the same obvious stocks? Yes that is the pool of companies that I am referring to, no one particular name but that is the kind of thing. Whether it is Page or Eicher or even Britannia or VIP. Raamdeo Agrawal told me one thing which is that mehanga roye ek baar sasta roye bar-bar, we are always trying to find something very cheap but it does not work? No, no, we are not going down the junk road but at the same time Infosys can have 10 years of underperformance, Hindustan Unilever can have 10 years of underperformance. So, you better be clear about what you are buying and I think the risks are real in terms of underperformance over the next three to five years. Any long-term investors’ horizon is also a risk. You have been bullish on private sector banks, select chemical names and select retail/fashion names. Have those themes extended themselves for 2019? In private sector banks, definitely the theme continues but probably now some of the larger or the retail banks are not the ones to be focussed on. Corporate banks are better placed and that is where a surprise possibility is there in terms or earnings as well as a comfort in valuation. Larger private corporate banks or even smaller private regional banks provide a very good risk to reward with a five-year point of view if the capex cycle was to revive and that should revive sometimes within next six and 18 months. That is a fertile area to look at. You do not think corporate banks are becoming a consensus trade? Consensus or not, you have to look at how much of the ownership is with the institutions and if you believe that price performance has been fantastic, then the performance has not even started ye. Honestly speaking, they are still available. These banks are doing sub 1% ROA. Over the next three to four years, the ROAs will move from 0.7-0.8 to 1.2-1.3 and with some bit of leverage, the ROEs can move beyond 15%. In that kind of a scenario where all these banks that are quoting between 1 and 2 can quote anywhere between 2 and 3. We are at the beginning of the story, we should not be worried about consensus at this point of time. It is a large pool, FIIs have been selling and I do not see us being in an overcrowded trade by any stretch of imagination. You have this reputation of being the pharma expert on the stock market. When you see an experience like Sun Pharma in 2018, it just shakes you that corporate governance issues have been raises at this bluest of the blue chip company, Debt is not a problem for pharma though growth may be challenging. What does that speak for the sector?This does not speak for the sector per se, it is a company specific issue. The sector issues were definitely more on the FDA front and those are behind us. The corporate governance issues were not completely unknown to the market. It is only that they are out in the public domain today and they probably did not matter when you were a small company but today when you have trillions of rupees of market cap, they matter a lot more because all the global FIIs have taken an exposure to your stock. There is no choice but to get your act together, clean up the books. And you are right, they do not have net debt but that cash in US and the debt in India are not matching. They will have to probably get out of this mess in some way but it reflects more on the company. We started with John Bogel but let us go back to our favourite investor Warren Buffett. We love to quote him. I wonder if he has to start charging IPs for his quotes...Yes he should charge a royalty. ...he will be a richer man by a billion dollars at least.For sure.He pretty much is alluding to what you referred to that you have to buy good businesses when there is a temporary slowdown or news is bad. Where else do you see this kind of a thesis getting played out? So one space where three-four years of bad period is coming to an end I believe is agri inputs side. Agri has been in a distress and it is more because of agri prices being down than anything else. The global cycle also was on a slowdown since the last three years and over here there is a very good possibility that over the next one to two years there will be a pickup. Despite what data we are getting from rural India? No, because there is so much distress that is when governments will be forced to take action and when government take action it will have impact You want to be positioned for it today. Focus on where the buck is going to move? Correct. Because there is distress today there is no choice but the agri prices to move up over the next 12 to 18 months and finally this is a cycle. If a farmer is not getting good realisation for his crop he will move to another crop that gives him better realisation and that will eventually create shortage in the other crop and that will make the prices move up. Cyclically, from agri prices point of view we are close to a bottom and we should move up in the next 12 to 24 months and that is the local cycle but even globally also, the commentary or the large chemical companies has now started being positive and they have started witnessing growth which had come down to close to zero, now they are talking about 5-7% kind of growth. So the confluence of local and global cycle picking up together should play out in the agri input side and we prefer agrochemicals over other inputs.
Source: ET

Recession worries grow as top US cos cut earnings forecasts - economic news of india - world economic news - economics news for students - indian economy news

Recession worries grow as top US cos cut earnings forecasts - economic news of india - world economic news - economics news for students - indian economy news
Recession worries grow as top US cos cut earnings forecasts
Global equity investors have started factoring in a probability of recession within a year following dull earnings forecasts by major Wall Street companies and trend in the yield curve.The outlook for global growth has changed dramatically in the past three months as the projection of the worldwide GDP growth dropped by 50 basis point to 2.5 per cent from 2.9 per cent in the period.Apple, Fedex, American Airlines, Macy's and Blackstone have issued profit warnings. Analysts too have cut earnings expectations the most since 2009 according to Citi’s Earnings Revision index. The number of analysts’ downgrade outpaced upgrades due to sizeable cut in earnings of the US and Japanese companies. The earning cut may have a significant impact on the global price-earnings (P/E) multiples. The 12-month forward P/E of MSCI World index — a gauge of developed market nations — dropped to 16 times which is at nearly 25 per cent discount to the 10-year average. 67565948 In addition, the bond markets are also showing signs of weakness. J.P.Morgan Chase believes the current yield spread between the investment grade and junk rated corporate debt suggests 50 per cent probability of an economic contraction within a year. The yield curve in the US has already inverted for the short-term tenure which typically indicates recession in the coming 12-36 months. The inverted yield means longer-term debt carries a lower yield than shorter-term debt. The yield curve of two-years and 10-years is just 19 basis points away from turning inverted. 67565900 67565787 67565790
Source: ET

Facebook creates new organisational structure for India - economic news of india - world economic news - economics news for students - indian economy news

Facebook creates new organisational structure for India - economic news of india - world economic news - economics news for students - indian economy news
Facebook creates new organisational structure for India
Social media giant Facebook has created a new organisational structure for its India unit in which the functional heads will report to the country managing director instead of the regional heads. The move is in line with Facebook’s plan of delinking its India operations from the Asia-Pacific region, as was reported by ET.In the new structure, the functional heads for public policy, global marketing solutions, communications, and the newly formed verticals of partnership, and strategy and operations will report to Facebook’s India managing director Ajit Mohan, and not to their respective regional heads in Asia Pacific, according to the company.For the newly created roles of director of strategy and operations and director and head of partnership, the company has hired Prashanth Aluru and Manish Chopra, respectively, Facebook told ET. Public policy is being headed by Ankhi Das, while Sandeep Bhushan is director of global marketing solutions.Facebook has also hired Siddharth Banerjee as director of global sales organisation (customer partnerships and agencies) and Archana Vohra as director of small and medium businesses. Both Banerjee and Vohra will report to Bhushan. Aluru, Chopra, Banerjee and Vohra have joined the company in the last six weeks. India is one of Facebook’s largest and strategically important markets.A Facebook spokespersons aid that the move will help its Indian arm bring in more local accountability, improve decision-making, and have a closer connection with its headquarters.
Source: ET

Job security irrespective of performance is govt jobs' attraction: Piyush Goyal - economic news of india - world economic news - economics news for students - indian economy news

Job security irrespective of performance is govt jobs' attraction: Piyush Goyal - economic news of india - world economic news - economics news for students - indian economy news
Job security irrespective of performance is govt jobs' attraction: Piyush Goyal
NEW DELHI: Railways and coal minister Piyush Goyal on Tuesday said there has been a significant increase in employment opportunities, but the current methods of data collection have failed to adequately capture this trend. He dismissed numbers given by private sources that showed a high level of unemployment.Goyal told an event organised by CII that a host of new-age industries have come up which have improved the livelihood of the people without necessarily translating into a concomitant pick-up in employment as they are not getting captured in the formal payroll data.Data generated from government employment exchanges reflects an unemployment level of 4%, he said, questioning the numbers by the Centre for Monitoring Indian Economy (CMIE), which pegged unemployment at 7.4% — a 27-month high — in December. “We don’t know where the CMIE gets its data from. While people have been talking (about it), we still do not know where or what is the extrapolation of data,” he said.Goyal said the CMIE data was “totally at variance with” that of the government’s, which is based on data collected by the labour ministry and the Employee Provident Fund Organisation (EPFO).He said the government may look to combine data collected by industry bodies with its own to create a more robust picture of employment.
Source: ET

Wednesday, January 16, 2019

LAHDC Recruitment 2019 – Various Patwari, Electrician Posts | Apply Online

LAHDC Recruitment 2019 – Various Patwari, Electrician Posts | Apply Online

LAHDC Recruitment 2019 – Various Patwari, Electrician Posts | Apply Online


Organization Name: Ladakh Autonomous Hill Development CouncilLAHDC Recruitment 2019Employment Type: Jammu and Kashmir Govt Jobs
Total No. of Vacancies: Various
Job Location: Jammu and Kashmir
Name of the Post:
  • Patwari
  • Supervisor (Female)
  • Laboratory Assistant
  • Library Assistant
  • Medical Record Technician
  • Electrician/ Technician III
  • Instructor (Carpet)
  • Supervisor
Qualification:
  • Applicants who have completed 12th/ Degree or equivalent from a recognized Institute for LAHDC Recruitment 2019.
Age Limit:
  • Minimum Age: 18 Years
  • Maximum Age: 48 Years
Pay Scale: 
  • Attractive Salary As per Norms
Selection Procedure:
  • Written Exam
  • Interview
Application Fee:
  • Application Fee – Rs. 100/-
How to Apply:
  • Eligible & Interested candidates can Apply Via Online In Official website page at www.lahdssrb.in LAHDC Recruitment 2019.
Instructions to Apply:
  • Log on to LAHDC careers page at the official website www.lahdssrb.in
  • Eligible candidates are advised to open the online application form.
  • Fill your academic qualification, skill, experience, and other related information as per the instructions
  • Attach self-attested copies of all relevant documents in prescribed format and size.
  • Pay the application fee as per the category.
  • Complete the LAHDC Jobs Application Form with the essential data.
  • Check the Details before Submitting.
  • Take a print out of LAHDC Recruitment 2019 online application form
Important Dates:
  • Starting Date for Submission of Application: 09.01.2019
  • Last date for Submission of Application: 09.02.2019
Important Link:

RRC SWR Recruitment 2019 – Various Sports Quota Posts | Apply Online

RRC SWR Recruitment 2019 – Various Sports Quota Posts | Apply Online

RRC SWR Recruitment 2019 – Various Sports Quota Posts | Apply Online


Organization Name: RRC South Western Railway
RRC SWR Recruitment 2019
Employment Type: Railway Jobs
Total No. of Vacancies: Various
Job Location: Karnataka
Name of the Post:
  • Volleyball
  • WeightLifting
  • Bodybuilding
Qualification:
  • Applicants who have completed 10th, 12th, ITI or equivalent from a recognized Institute for RRC SWR Recruitment 2019.
Age Limit:
  • Minimum Age: 18 Years
  • Maximum Age: 25 Years
Pay Scale: Rs. 5,200/- to Rs. 20,200/-
Selection Procedure:
  • Written
  • Interview
Application Fee:
  • General/OBC Applicants: Rs. 500/-
  • All Other Applicants (ST/SC/PH): Rs. 250/-
How to Apply: 
  • Eligible & Interested candidates can Download Notification From Official website page at www.rrchubli.com RRC SWR Recruitment 2019.
Instruction to Apply: 
  • Applicants send their hard copies of the signed application Filled along with photocopies of ID proof, Proof of Date of Birth, Educational Certificates (Mark-Sheets/Degree Certificate), Caste and attested copies of relevant documents should be sent to the following address (Address mentioned in official notification) by post. Envelope must be superscribed with "Application For The Post of ……………."
Address:
  • "The Assistant Personnel Officer /HQ,
    Railway Recruitment Cell,
  • 2nd floor, Old G.M.'s Office building,
    Club Road, Hubballi – 580023."
Important Dates:
  • Starting Date for Submission of Application: 12.01.2019
  • Last date for Submission of Application: 11.02.2019
Important Links: 

L&T Recruitment 2019 – Various Hardware Design Engineer Posts | Apply Online

L&T Recruitment 2019 – Various Hardware Design Engineer Posts | Apply Online

L&T Recruitment 2019 – Various Hardware Design Engineer Posts | Apply Online


Organization Name: Larsen & Toubro Limited (L&T)
L&T Recruitment 2019
Employment Type: Private Jobs
Total No. of Vacancies: Various
Job Location: Bengaluru
Name of the Post:
  • Senior Hardware Design Engineer
Qualification:
  • Applicants who have completed BE/ME (Electronics and communication) or equivalent from a recognized Institute for L&T Recruitment 2019.
Responsibilities:
  • Knowledge and Hands on Experience on Design, Development, and Testing of Analog, Digital and Mixed Signal Circuits (Preferably on Avionics Applications).
  • Knowledge and Hands on Experience on Schematic Capture and Simulation Tools like ORCAD / PSPICE, LTSPICE, etc.
  • Knowledge of PCB Layout Design Tools and Techniques.
  • Knowledge and Hands on Experience on EMI/EMC Design, MTBF, FMEA, FMECA, Analysis and Testing.
  • Knowledge of Communication Protocols like I2C, SPI, CAN, RS422, etc.
  • Knowledge of Hardware Project/Product Life Cycle and Experience on working for at least two complete Product Development.
  • Knowledge of Military/Commercial Standards like MIL-STD-461, MIL-STD-704, MIL-HDBK-217, MIL-STD-1629, RTCA/DO-160, etc.
  • Documentation, Interaction with Customer, Vendor, OEM, and Certification Agencies.
  • VHDL Programming on XILINX / ALTERA Platform.
  • Writing C Programs to test hardware.
  • Knowledge and Hands on Experience on Design, Development, and Testing of Test System / Test Jigs for the Avionics Products.
Selection Procedure:
  • Written test
  • Group Discussion
  • Personal Interview
Pay Scale:
  • L&T recruitment 2019 will get an excellent salary package along with incentives, perks, and other facilities according to post qualification and experience of applicants
How to Apply:
  • Eligible & Interested applicants can apply via online in Official website page at www.larsentoubro.com L&T Recruitment 2019
Instructions to Apply:
  • Log on to the Official website of L&T www.larsentoubro.com
  • Then, Click on the careers link.
  • Select the link available for the opening.
  • Fill the Application with required details for L&T requirement 2019
Important Link: