A government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies & scrapping surcharges on tax payments. India has one of the highest corporate tax rates in the world with annual sales of up to Rs 400 crore.
The government panel was headed by Akhilesh Ranjan.
PSBs are gearing up to introduce retail products, including housing and auto loans, on 'psbloansin59minutes' portal with a view to expand their retail loan business. Currently, the portal gives loans up to ₹ 1 Cr to MSMEs in just 59 mins/less than 1 hr.
SBI decided to extend the loan up to ₹ 5 Cr via the portal.
Discovery & WWF India have partnered with Govt of West Bengal to help save the world’s only mangrove tiger habitat. Project CAT will solve several issues faced in the region. It includes building datasets on impacts of climate change on estuarine ecosystem
Project CAT is also being implemented at Manas Tiger Reserve.
Wipro tied-up with the IISc for advanced research & innovation in autonomous systems, robotics & 5G. It will focus on R & D in artificial intelligence, machine learning, visual computing, human-computer interaction and vehicle-to-everything communication.
Chief Executive Officer of Wipro - Abidali Neemuchwala.
DBS Group Holdings is preparing to enter the local credit card market in India in 2020. This move highlights the bank’s efforts to tap growth outside its home market to offset weakness in the local economy.
DBS set a target of reaching 5 mn customers in India by 2023.
Ankita Gulati has won the NCPEDP-Mphasis Universal Design Award 2019 for developing a multisensory kit which narrates the content in the raised picture when a visually impaired person touches it.
Gulati is Founder of TouchVision (IIT Delhi incubated start-up).
Indian & Sri Lankan Coast Guards agreed to strengthen co-operation in addressing a spectrum of maritime issues concerning safety & security. They agreed to continue the capacity building of Sri Lankan Coast Guard &mutual co-operation in multilateral forums
Director General (Indian Coast Guard) - K Natarajan.
An Indian para-swimming team comprising Gwalior resident Satendra Singh crossed the Catalina Channel in the US. Satendra Singh has become the first Asian swimmer to have crossed both English and Catalina channel.
He was conferred with Vikram award in 2014.
Former Madhya Pradesh Chief Minister and senior BJP leader, Babulal Gaur passed away in Bhopal. He was 89. He served as Madhya Pradesh Chief Minister between 2004 and 2005 and represented Govindpura Assembly seat for 10 times.
Present CM of Madhya Pradesh – Kamal Nath.
Researchers at IIT Hyderabad are collaborating with research institutions across the world to develop a device to detect heart diseases with high speed, sensitivity and reliability. The device can also be extended to the detection of other diseases.
IIT-H has developed low-cost solar cells using 'kumkum dye’.