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visa regime for expats — including those from China — on a par with that for companies in the 14 sectors under production-linked incentive (PLI) schemes. They cited project execution difficulties due to delays in processing visas for foreign experts, people aware of the issue told ET. This has emerged as a bottleneck amid signs of a pickup in private capital formation. The manufacturers have flagged these issues to their administrative ministries.

construction technology and the implementation of the Real Estate Regulatory Authority (RERA), ensuring home buyers receive their homes on time, according to a report by a real estate consulting firm. In the top seven cities, the average completion time for smaller projects of fewer than 500 units is now four years, while larger projects with more than 500 units take about 4.9 years to complete, as per data from Anarock. The market share of large and listed developers has also increased significantly, contributing to the timely delivery of projects, the report noted.

Uber have approached the finance ministry, Goods and Services Tax Council and the Authority for Advance Rulings (AAR) seeking clarity on whether their business was liable to tax or not. The move follows a decision from the Karnataka AAR that held that Bengaluru-based direct-to-driver app Namma Yatri was not liable to pay GST. The AAR, in the case of Juspay Technologies that runs the Namma Yatri mobility platform, relied upon the dictionary meaning of the word «through» and held that the mere act of linking service providers with customers through a digital platform did not constitute a supply of service and thus not liable to tax. Section 9(5) of the Central Goods and Services Tax Act, 2017 specifies that liability of GST on certain services has to be discharged by an electronic commerce operator if the services are supplied 'through" its platform. The Karnataka AAR held that as Namma Yatri was merely connecting the auto driver and passenger and its role ended on such connection, the supply was happening independent of its online application and, accordingly, Section 9(5) did not apply on it.

NCLT) has dismissed the resolution plan submitted for realty developer Rajesh Lifespaces' hotel business, Rajesh Business & Leisure Hotels, citing non-conformity with statutory requirements and procedural irregularities. The corporate insolvency resolution process (CIRP) of Rajesh Business & Leisure Hotels, managed by the resolution professional (RP), had witnessed competing proposals from consortiums led by Sankalp Consortium and Rare ARC-Shree Naman Developers. Initially, the resolution plan offered by Rare ARC and Shree Naman Developers was chosen by the committee of creditors (CoC) but has now been dismissed due to procedural lapses and non-compliance with statutory norms.

Siddaramaiah on Sunday said the Karnataka government was ready to release 8,000 cusecs of water from the Cauvery river every day to neighbouring Tamil Nadu instead of one TMC as directed by the Cauvery Water Regulation Committee till this month-end. There is only 63 per cent water in the Cauvery basin dams and in this situation, the state was not in a position to release one TMC water each day, the Chief Minister told reporters after an all-party meeting here. Deputy Chief Minister D K Shivakumar, Leader of the Opposition R Ashoka, JD(S) MLA G T Deve Gowda, farmer leaders and legal experts attended the meeting. «Everyone was of the opinion that we should release 8,000 cusecs of water and not one TMC, which is 11,500 cusecs of water. If there is no rain then we will minimise the release of water and file an appeal before the Cauvery Water Management Authority,» Siddaramaiah said.

One of the major steps taken by many tech companies is building diversity initiatives to have an inclusive workforce. In fact, a recent Foundit report said the tech sector was among the top industries that showed the maximum spike in diversity job postings. However, the 2024 Compensation and Benefits Survey by ANSR and Talent500 reveals that 65% of respondents think there is a significant gender-based pay gap, with 56% noting disparities of at least 25% in compensation levels across different roles.

It’s summertime, and the bargains seem easy at a time when many consumer prices are high

SIM-swapping is a growing form of identity theft that goes beyond hacking into an email or social media account

tigers were on the prowl in the farmlands of Lakhimpur Kheri district who had killed several people. The then chief wildlife warden Chandra Bhan Singh constituted four teams to rein in the tigers and Dr Rahul Shukla joined this expedition as an expert on farmland wildlife. The team reached my place in Gola, famous for its Shiva temple named Gokaran Nath. Here I was first introduced to Shukla by Late Shiv Chandra Dixit, my neighbour and a member of legislative council. I was 25 then.

What’s worse than thieves hacking into your bank account

The volatility index, India VIX has failed to sustain above the 200-day EMA level and thereafter witnessed minor correction on Wednesday.

India needs a stronger and prominent presence in Central Asia in the backdrop of Prime Minister Narendra Modi's successful foreign policy outreach and there are several promising areas of cooperation including in the fields of green energy and digital technologies, according to Kazakhstan Institute for Strategic Studies chief expert Aliya Mussabekova. “Foreign policy of PM Modi over the last ten years was very successful; here in Kazakhstan we feel its cooperative and supportive interest in our country as well as in the region. But in my point of view, there is a need for a stronger and more prominent Indian presence in Central Asia,” Mussabekova, a leading strategic affairs expert in Kazakhstan, told ET. “I work at an analytical centre, and I can say that even at the level of relations between think tanks, we do not have an established ongoing dialogue. For instance, representatives from Kazakhstan do not participate in the main Indian forum, the Raisina Dialogue,” Mussabekova noted.

A father-daughter wealth planning pair are breaking away from Edward Jones to start their own independent practice in Mississippi.

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a 2022 security breach in a year already rife with massive cyberattacks

credit cards, and the latest data on delinquencies and expenditures showed they remain relative stragglers in a revenue stream dominated by privately owned banks. But, at the same time, the state-run players are learning the tricks of the trade — and have a very limited value at risk. For PSU banks, non-performing assets (NPAs) of credit cards outstanding are the highest among all retail sub-sectors — at 11.3% — as of March 2024. The comparative figure is about 2% for private sector and foreign banks, Reserve Bank of India data showed.

revenue secretary Sanjay Malhotra will initiate the process of selection and appointment of judicial and technical members for the Goods and Services Tax Appellate Tribunal (GSTAT) after the presentation of the budget, officials said. The central government is aiming to make the tribunal functional by the end of November and has already initiated the process of shifting anti-profiteering cases to the GSTAT principal bench from the Competition Commission of India (CCI). «We are putting all efforts to make the principal bench operational by the end of November and the process of selection and appointment will start immediately after the budget,» a senior government official told ET. Separately, a technical team is working on a dedicated online portal for electronic filing of appeals, officials said, adding that the portal will be ready by September.

12 problem statements on Geo-Spatial Applications from centres NRSC, PRL, NESAC, SPL, and SAC.As per ISRO, Teams of 3-4 Indian students from undergraduate, postgraduate, and PhD programs are invited to participate for the Hackathon which involves a rigorous two- level screening process.The Indian space agency said in a statement said, “Initially, 100 teams will be shortlisted based on their ideation and relevance to the problem statements. From these, an expert committee will select 30 teams for the grand finale."The grand finale, a 30- hour marathon event, will be held at the NRSC Outreach Facility in Jeedimetla, Hyderabad, starting at 10:00 hrs IST on August 13, 2024.The hackathon event is managed through a dedicated web portal.

Ola CEO Bhavish Aggarwal voiced his support for a 70-hour work week, echoing sentiments put forth earlier by Infosys co-founder Narayana Murthy. Aggarwal, in a podcast appearance, emphasized his belief that such intensive work hours are essential for fostering national economic growth, despite facing criticism on social media. «When Mr. Murthy said that (70-hour work week), I was publicly in support of that and I got trolled on social media for that. But, I don’t care because I have a strong belief that one generation will have to do tapasya… so that we can build the number 1 country in the world, the largest economy,» Aggarwal remarked. Aggarwal also dismissed the concept of work-life balance, asserting, «I don’t agree with the work-life balance concept because if you are enjoying your work, you will find happiness in life also and work also, and both of them will be in harmony.»

Cybercrime gangs are looking to rebuild with new tactics after global police operations this year made a huge dent in their activities, experts have told AFP. The gangs have had a bad year so far, with law enforcement operations taking out some of prominent groups including LockBit, a loose network of largely Russian-speaking cyber criminals.

market likely to consolidate on Friday tracking muted global cues. The Nifty future closed positive with gains of 0.10% at 24375 levels on Thursday. India VIX was down by 2.90% from 13.20 to 12.82 levels.

On 8 July, a Supreme Court bench will hear around 24 petitions challenging alleged irregularities in the National Eligibility-cum-Entrance Test (NEET-UG), an exam crucial for admission into undergraduate medical programmes. The verdict could affect approximately 2.4 million students. Mint takes detailed look at the situation: The NEET-UG, assessing students on physics, biology, and chemistry, was held on 5 May across 4,750 centres in 571 Indian cities and 14 international locations.