November 20, 2015 - No 'acche din' for Housing.com employees? The real-estate startup plans 800 job cuts; scale back its rental search biz

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Blog Sree Vijaykumar From the Editor's Desk The 'Ease of Doing Business' ranking for India improved from 142 last year to 130 in the latest report. Surely, this is still bad, but an improvement is an improvement. Here's one suggestion that could further improve the ranking. Change the Service Tax law that makes small businesses pay service tax to the government at the time of invoicing rather than at the time of collection. It used to be fair earlier, till the law was changed for the worse in 2010, when Pranab Mukherjee was the finance minister. So effectively, an already cash strapped small business has to pay the government today for payment that it may receive from its customer 3 to 9 months from now. I know several businesses that are not able to do this and are perpetually paying penalties and interest to the government. Others are faking post-dated invoices. Surely, not easy to do business in India - Comment Digital No 'acche din' for Housing.com employees? The real-estate startup plans 800 job cuts; scale back its rental search biz The startup has been working on a plan to cut 800 jobs. Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Advt: Diamond India Ltd. introduces Limited Edition Sachin Tendulkar Swiss Silver Coins. Digital marketing is evolving everyday. Keep up with the latest trends. Digital Govt to start a separate portal for innovators under DeitY, says IT Minister To enable people to upload innovative products designed by them to get governme Digital 113 million Indians lost Rs 16,558 on average to cyber crime: Norton An estimated 113 million Indians lost about Rs 16,558 on an average to cyber crime in addition to the "emotional" stress caused by personal financial data breach, a report by software security firm Norton says. 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Construction Residential project launched by Shapoorji Pallonji in Bengaluru Realty player Shapoorji Pallonji Real Estate today launched a premium residential project in Bengaluru, marking its foray into the IT hub of the country. Construction Housing Ministry approved construction of 228,204 houses for the urban poor Andhra Pradesh has been sanctioned 1,93,147 houses in 37 cities followed by Gujarat with 15,580 houses in 4 cities, Telangana - 10,290 in 10 cities, R.. Construction Hyderabad leads in office space absorption among top eight cities According to JLL, office rents in Hyderabad rose 10 per cent from the year-ago quarter and by almost 23 per cent from the last trough in 2009 Construction Slums that came up after 2005 to be regularized by Nagpur Civic body Standing committee chairman Ramesh Shingare said in a press conference on Wednesday that a resolution was passed seeking revision in regularization of.. 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