These are the top 5 business stories of the day.
Here are the top 5 business stories of the day.
1) Rahul Gandhi bashes BJP over net neutrality, differential pricing
Congress Vice President Rahul Gandhi has spoken out against the BJP government on issues relating to net neutrality and differential pricing.
Gandhi said that despite young India, Nasscom and even over 500 start-up entrepreneurs pleading for net neutrality, the government has been delaying the formation of a clear-cut policy on the pretext of repeated discussions. Read more here.
2) Smart Cities: PM Modi's initiative will need over $150 billion in investments, says Deloitte
The Modi government's vision of creating 100 smart cities will require an investment of over $150 billion over the next few years with the private sector being a significant contributor, says a report.
According to Deloitte, nearly $120 billion will come from the private sector.
The government has already initiated two programmes with an initial outlay of $7.513 billion for 'Smart Cities Mission' and the 'Atal Mission for Rejuvenation of Urban Transformation (AMRUT)' for the upgradation of 500 existing cities. Read more here.
3) Mauritius pushes plans to start automatic tax info exchange to September 2018
Mauritius will start an automatic exchange of tax information with other nations only from September 2018. The country postponed the implementation of a global common reporting standard on tax matters by a year.
The delay could impact Indian authorities' efforts to gather more tax-related information from Mauritius, which is allegedly being used by some entities to route illegal funds into India. Read more here.
4) Kerala launches taxi service G-Taxi to help employ transgenders
Transgenders, who are striving hard to find a place in mainstream society, will soon turn entrepreneurs in Kerala with the launch of a taxi service which will be owned and operated by them, a first in the state.
After unveiling the first Transgender Policy in the country with an aim to end societal stigma towards the Transgender (TG) community, the state government is now getting ready to launch 'Gender Taxi', owned and operated by transgenders. Read more here.
5) RBI may maintain status quo on Tuesday: Experts
As inflation trends upwards, RBI may keep interest rate unchanged in the upcoming monetary policy review on Tuesday and possibly take a call post-Budget 2016-17, which will give a direction about key macroeconomic parameters, including fiscal deficit, experts said.
However, some experts also feel that there is a case for front-loading of the interest rate cut to give a push to the economy. Read more here.
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