"The company offers twelve luxury hotels, places & resorts and two mid market segment hotels under The LaLiT Traveller brand offering 2,261 rooms. In addition, we also hold the exclusive management rights to operate hotel in London offering 70 rooms," information provided on the official website of the Lalit group said. … [Read more...] about Premises of Lalit hotels promoter Jyotsna Suri, associates raided by I-T dept in connection with tax evasion probe
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The real issue is about meaningful jobs. Everywhere in the world, the elasticity of jobs to economic growth has been coming down because of technology. It is important to look at the sectoral employment numbers. There are sectors that are losing jobs, and sectors that are adding jobs. The right question that the new government should be asking is which are the sectors that are creating jobs? … [Read more...] about Budget 2020: Moneycontrol manifesto for Modinomics 2.0
The results have been mixed. However, for a few months in the beginning, the inflation genie has remained firmly bottled for the better part of the last five years. GDP growth is still some distance away from cruising along a 9 percent trail, partly hammered in by two big policy shocks: demonetisation and the goods and services tax (GST). … [Read more...] about Opinion | Budget 2019 sets sight on ambitious fiscal targets
Typically, FPIs are set up as trusts or limited partnerships in their home jurisdictions. The definition of a partnership firm under Indian tax law refers to the Indian Partnership Act, which does not recognise foreign partnerships or limited partnerships. … [Read more...] about FM dashes hopes of tweak in FPI surcharge, says trusts should register as companies
The McKinsey Global Institute’s (MGI) new China-World Exposure Index shows that the world’s relative exposure to China has increased, while China’s to the world has fallen. This is important for China to be mindful of as they are already facing a contraction with a rising domestic consumption. According to the MGI, in 11 of the 16 quarters since 2015, domestic consumption contributed more than 60 per cent of total GDP growth. In 2017 to 2018, about 76 per cent of GDP growth came from domestic consumption, while net trade made a negative contribution to GDP growth, which was 8 per cent in 2008. … [Read more...] about Trade | How real is the truce in the US-China trade war?