With the passage of this Bill, Indian IT companies now stare at a USD 400 million visa bill
Posts tagged MC
Response to US Spending Bill should come from govt: Nasscom (18-12-2015)
David Cameron rebuffed on migrant benefits at EU summit (18-12-2015)
Cameron’s plan to ban migrants from claiming British benefits for four years was roundly opposed during talks at a summit in Brussels on Thursday night, with French President François Hollande leading the resistance.
Oil prices to fall further as OPEC stands pat: Goldman (18-12-2015)
The investment bank is standing by its prediction of USD 20 a barrel bottom—the breakeven cash cost for highly levered high-cost US shale producers. If oil prices fall below that level, companies will have to make output cuts in order to avert losses.
No consensus on GST; ready to pass six pending bills (18-12-2015)
Leader of Opposition Ghulam Nabi Azad said, “nothing new was discussed at this meeting apart from what was discussed at the Business Advisory Committee (BAC) meeting.”
Cannot change auto sector’s technology overnight: SIAM (18-12-2015)
Society of Indian Automobile Manufactures (SIAM) President Vinod Dasari says there are far too many regulators including government bodies, ministeries, Non-Governmental Organisations and courts mandating the auto industry.
Here’s how GST would impact the cement industry (18-12-2015)
CNBC-TV18’s Menaka Doshi in a special series ‘Hello GST’ analysis the impact of GST on the cement industry and the bill may not prove to be a positive for the industry.
MM’s first petrol SUV ‘KUV100’ to help combat diesel ban (18-12-2015)
Pawan Goenka, Executive Director of Mahindra and Mahindra on the sidelines of KUV100 launch in Mumbai spoke to the media and explained the implications of the Supreme Court order to ban diesel vehicles above 2000 cc would mean to the company and industry as a whole. He also spoke on how the company would tackle this situation going forward.
Profit booking drags Sensex 285 pts, Nifty below 7800 (18-12-2015)
Cautious outlook for FY17 by the Chief Economic Advisor likely impacted sentiments, feel analysts, who say after pricing in Fed rate hike and low possibility of GST bill getting passed in Winter Session of Parliament, the market is likely to be in consolidation mode in near term.
PPP projs contributed 33% to total capacity of major ports (18-12-2015)
Government had decided to invite private participation through PPP mode for faster augmentation of infrastructure resources in major ports. A total of 91 PPP projects with total capacity addition of 751.71 MTPA were sanctioned by the government up to March 2014, the official auditor said.
Will meet 3.9% fiscal deficit target: Jayant Sinha (18-12-2015)
In the mid-year analysis tabled in Parliament, the government lowered the economic growth forecast for 2015-16 to 7-7.5 percent from 8.1-8.5 percent projected in February. It said slower-than-anticipated nominal GDP growth (8.2 percent versus budget estimate of 11.5) will itself raise the deficit target by 0.2 percent of GDP.