Indians most worried about terrorism, jobs and corruption, says survey
Indians are most worried about terrorism, unemployment, and financial and political corruption, even as at least 73 per cent of the countrymen are optimistic that the nation is headed in the right direction, according to a survey. The Ipsos' 'What Worries the World Global Survey' observed that worries notwithstanding, India bucks the global trend of pessimism where 22 countries out of the 28 nations covered feel their country is on the wrong track.
Infosys blames H-1B visa denials for high attrition
IT giant Infosys recently blamed the denial of H-1B visas by United States (US) for part of its growing employee attrition and said that it would introduce a "new value proposition" to help retain employees. Indian IT companies are faced with myriad administrative impediments in applying for new visas as well as extending the existing ones after the US tightened its visa rules to favour applicants with master's degrees, The Economic Times reported.
Businesses with turnover more than Rs 2 cr can start filing GST audit report for FY18
Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal. The audit report for 2017-18, the first year of the goods and services tax (GST) implementation, is to be filed by June 30.
Donald Trump asks Boeing to fix 737 Max plane glitches
President Donald Trump on Monday asked Boeing to "fix" its beleaguered 737 Max plane, introduce new features and re-brand the aircraft after two deadly crashes involving the model led to the grounding of the jets across the world, including by Indian carriers.Trump's latest comments on the Boeing aircraft came hours after American Airlines, the world's largest, extended flight cancellations into mid-August because of the Boeing 737 Max grounding.
India Post losses touch Rs 15,000 crore in FY19; replaces Air India, BSNL as biggest loss-making PSU
In the past three fiscals, the revenue deficit of the Department of Posts, trading as India Post, has ballooned nearly 150% from Rs 6,007 crore in FY16. It is now reportedly the biggest loss-making PSU, leaving headline-grabbing losses of the likes of Bharat Sanchar Nigam Ltd (BSNL) and Air India far behind. According to The Financial Express, India Post's annual deficit touched a staggering Rs 15,000 crore in fy19
Flying out of Bengaluru airport 120% costlier from April 16 to Aug 15
Flying out from the Bengaluru airport will be costlier by a massive 120 per cent from Tuesday following the airport tariff regulator Aera allowing it to revise upwards the user development fee (UDF) for four month. The nation's third busiest airport after New Delhi and Mumbai, plans to use the additional fee to fund its expansion.
Pakistan gets IMF lifeline, will be country's 13th bailout since eighties
Pakistan has reached an "agreement in principle" with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a Pakistani minister said on Monday. The long-delayed rescue package would be Pakistan's 13th IMF bailout programme since the late 1980s