February 25, 2016 - No surcharge, service charge to be levied on digital payments

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk This article looks at the promise of the Indian middle class vs the reality, as well as the mandatory comparison to China. In 1990, we had fewer people earning less than $5000 per year (90%) than China (95%). In 2015, this number for India was 46%, while that for China was only 18.7%, demonstrating the success of the Chinese economic experiment. While India's prosperity has been like a flat pyramid slowly rising (all segments moving upwards), the Chinese top down growth model appears to have propped up a section of society directly into the middle class and upper middle class, giving the pyramid a bulge in the middle. With India's diversity and democracy pulling us one step behind for every 2 steps forward, a Chinese-style miracle appears unlikely - Comment Digital No surcharge, service charge to be levied on digital payments Various levies on cashless payments set to go Union Budget 2016-17: Return of Good Days? If there is one policy event that is awaited every single year, it is the Union Budget. And this year is no different. Digital Farmville co-creator Mark Skaggs joins Indian mobile gaming startup Moonfrog Labs as director The distance between Zynga’s offices in the United States and a gaming startup in Bengaluru might seem far, but it was a straightforward road for Mark.. Digital 500 Startups starts new $25 million India fund '500 Kulfi'; to invest in tech, data analytics space The Silicon Valley-based accelerator-cum-venture fund that is looking to invest in 30 to 50 startups, up from 24 last year, also wants to reach the 100-a-year mark Advt:The Rise of Multi-Talented Freelancers A freelancer in 2016 must wear many hats. A freelance marketer for example, should have impeccable writing, PR experience, social media proficiency, and preferably some SEO skills Digital ibibo Group to receive $250 million investment from Naspers The investment will be focused on extending ibibo's presence in the Indian hotels category and on additional technology innovations, ibibo Group said. Digital Ola signs pact with UP govt to create over 50,000 entrepreneurs Taxi aggregator Ola today entered into an agreement with the Uttar Pradesh government to create over 50,000 entrepreneurship opportunities across the state. Digital Peer to peer business loan marketplace LoanZen raises seed funding from angels Loanzen, a peer to peer business loan marketplace startup, has raised an undisclosed seed funding from Angels through TracxnSyndicate.   Retail 200 Snapdeal employees head for exit after notice from company Staffers said that even though Snapdeal had been asking people to leave since April 2015, this was the first time it was doing so before performance appraisals. Retail Loyalty Program Changes Positive for Starbucks Morningstar.comAlthough it is already the leading specialty coffee retailer in the United States, we believe Starbucks still has meaningful domestic growth potential via new store formats (smaller-format express stores, drive-thrus, beverage trucks, and square ...sp; Retail Investors head to enterprise-focused ecommerce firms for profit Investors tiring of consumer-focused online marketplaces bleeding on discounts have zeroed in on enterprise-focused online marketplaces. Retail D-Mart to raise Rs 600 cr via NCDs The 16-year-old supermarket chain is also looking to borrow funds to fuel its growth Telecom The billionaire, big data and net neutrality: Facebook and democracy in India One user even said Facebook sent him a notification that his deceased uncle had supported Free Basics and so he should too.   Telecom Working on mega sale of airwaves by July: Telecom Secretary JS Deepak Telecom Secretary JS Deepak said the govt is working towards a mega sale of 2G, 3G and 4G airwaves by June-July and would a take a call next mnth on the starting prices of 7 bands. Telecom TRAI moots Aadhaar-linked eKYC for new mobile connections For buying a new SIM, one usually needs a valid Photo ID card. Usually the telecom companies accept PAN card, Driving License, Election card, Passport or Aadhar Telecom Apple poised for big India push, but which phones will it flog? The iPhone 6, which is the reason for Apple's last phenomenal earnings result in both the US and China, is simply too expensive for Indians Finance Infosys raises CEO Vishal Sikka’s annual salary to $11 million, hands out more stock options This marks the strongest show of faith till date by Infy's board in the former SAP execs ability to restore its former standing as India's IT bellwether. Finance Government may auction stake in ITC and L&T to achieve divestment target A successful execution of the ITC-L&T stake sale plan could help the government hit the Rs 50,000-crore mark for disinvestment receipts. Finance House panel raps RBI, banks for mishandling sticky loans situation A parliamentary panel has pulled up the RBI and banks for the bad loans situation, expressing unhappiness over the way the two had managed the problem. Finance Public sector banks CEOs take NPAs head on Its a principle Indias new bank chiefs have adopted with enthusiasm, though it must be said this should also be ascribed Rajans zealous pursuit. Software Infosys extends CEO Vishal Sikka’s tenure and raises annual salary to $11 million with more stock options This marks the strongest show of faith till date by Infy's board in the former SAP execs ability to restore its former standing as India's IT bellwether. Software Snapdeal employees fear job cuts as the company plans to outsource customer support duties Online marketplace Snapdeal faced protests from employees at its contact centre on Wednesday. The employees alleged that the company was looking to outsource customer support duties and cut jobs. Software BlackBerry moves deeper into services : Buys UK-based cyber security consultancy BlackBerry said on Wednesday that it has acquired U.K.-based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its ongoing turnaround. Software Google and TechHub announce global partnership to boost 'Startup India' initiative Ecommerce Personalised fashion e-commerce aggregator Voonik Technologies acqui-hires Bangalore-based personal shopping site Getsty Personalised fashion e-commerce aggregator Voonik Technologies Pvt Ltd has acqui-hired Bangalore-based personal shopping site, Getsty. Ecommerce Hotels like Oberoi Group, Hyatt and others ramp up direct sales to compete with online travel companies Hotel chains are aggressively trying to wrestle bookings back from online travel agencies with smoother systems and more compelling promotional offers. Ecommerce NoBroker.com raises $10 million in Series B funding led by Beenext and Digital Garage along with Beenos, Qualgro and Mamoru Taniya of Asuka Holdings Bangalore-based NoBroker Technologies Solutions Pvt Ltd, which runs a peer-to-peer property listings business for renting homes under NoBroker.com, has raised $10 million in Series B funding. Franchise Franchisee Journey: From woman who dropped corporate career to iDropped franchisee Dawn Heller was drawn to the iDropped franchise because of its quick turn-around time and her own background in technology and business. Franchise Let’s turn the tables: Find out what the franchisor can do to be perfect We are inundated with videos and articles extolling what franchisors want in the perfect franchisee, now it’s time to turn the tables. HR Working Together to Preserve U.S. Airline Jobs When it comes to relations between management and labor, fights always make the news, while cases of collaboration are seldom mentioned. In the aviation industry, it's rare that you hear about air... HR Competitive tax rates needed to make India manufacturing hub, create jobs, boost economy: Arun Jaitley "Manufacturing is not only extremely important activity but it is one activity with its spiral effect on the economy which also creates the largest vo.. HR Ignited hopes and no jobs: Why Jats have revolted The raging protests are manifestations of India’s inadequate job-creation and a failing education system that is creating thousands of 'unemployable' graduates. HR IT hardware sector can generate 4 lakh jobs over 5 years: MAIT IT hardware sector can generate four lakh jobs over five years if the government rectifies the tax duty structure in the budget to encourage manufacturing of products such as notebook and desktop personal computers in India. Logistics Jat stir: Situation improving, rail, road traffic resumes Haryana Chief Minister Manohar Lal Khattar, who reached Rohtak for the first time after the widespread violence, faced protests and was forced to retreat and leave for Delhi. Logistics Pakistan-India road link restored, the Lahore- Delhi 'Dosti bus service' resumed from Wednesday Dosti Bus Service and Samjhota Express were suspended on the request of India in the wake of deadly caste violence in India's Haryana that killed at lea... Logistics India eyes 20000 new jobs in air cargo in logistics and infrastructure revamp India is making signifcaint inroads into improving its air cargo industry Logistics Airport may get big Cat to fight fog , a new Instrument Landing System in category III may be installed at Chandigadh airport soon Finally, the union ministry of civil aviation and the ministry of defence are seriously considering to install a new Instrument Landing System (ILS) of category-III at the Chandigarh airport to facilitate the operation of commercial flights during poor visibility. Construction Discussions with North Chennai residents are on to acquire land for metro rail Efforts are on to takeover land for construction of four stations- Theagaraya College, Korukkupet, Tondiarpet and Tolgate and rail routes connecting K.. Construction 176 pvt properties get notice for acquisition in Nagpur metro rail project Acquisition of private properties is likely to be a smooth affair since the majority of 176 property owners have given the green signal Construction Punj Lloyd gets Rs 308 crore order for luxury villas in Dubai With this project, the company's order backlog stands at Rs 25,708 crore Construction 13 cities to get Rs 495 cr for 2015-16 under Atal Mission Of the total Rs 495.11 crore, Assam will get Rs 186.27 crore, Jammu & Kashmir Rs 171 crore, Goa Rs 59.44 crore, Tripura Rs 36.62 crore, Meghalaya .. Marketing India's best ad women tell which commercial got them into advertising : Report After the story ' ads that inspired our ad men to get into business', here's getting a few of India's best ad women to weigh in this time. Marketing DDB Mudra pips TBWA for Adidas India account : Report Adidas India has appointed DDB Mudra as its creative agency following a multi-agency pitch, replacing TBWA\India after nearly a decade. Marketing Personalization one of the biggest trends in email marketing : Report Litmus asked 20 email marketing experts what the channel will look like in 2020 and increased personalization was one of the most cited trends.  Marketing Will tech giants crush advertising agencies? : Report Tech firms are hiring designers and training left brained employees to think creative. Are they going to change advertising as we know it? Politics Modi's Silence On JNU Row And Jat Agitation Raises Questions About His Leadership NEW DELHI -- Amid the clamour of unrest sweeping university campuses and the state of Haryana near New Delhi, Prime Minister Narendra Modi has decided on a strategy that risks emboldening political op Politics #TN2016 and a call for governance: No room for criticism, no action on corruption in Jayalalithaa rule While Opposition parties like the DMK claim a breakdown of governance in the current regime, The J Jayalalithaa-led AIADMK argues that governance has never been better in the state Politics JNU row: Faced with opposition, BJP decides on aggressive strategy in Parliament Top BJP leaders including Prime Minister Narendra Modi on Tuesday decided on an aggressive strategy to counter the opposition in parliament on JNU row and the suicide by a Dalit research scholar in Hyderabad University, said sources. Politics Jat stir finds echo in Gujarat: BJP MP talks with Hardik Patel seeking compromise On Tuesday they sent an emissary to meet the jailed Patel quota agitation leader Hardik Patel to explore a compromise on the vexed issue. Sports Asia Cup 2016: Five things to look forward to at the tournament We have a quick look at what the tournament brings to the table and what the talking points are and will be. Sports Virat Kohli’s adaptability skills are fantastic, says Kris Srikkanth Kris Srikkanth feels Virat Kohli will turn out to be one of the best leaders ever for the cricket team. Sports Twitterati reacts to Brendon McCullum’s retirement; Enjoyed watching you, says Sachin Tendulkar Brendon McCullum scored the fastest Test ton in his farewell Test match against Australia surpassing the record of Viv Richards. Sports Sania Mirza-Martina Hingis extend unbeaten streak to 41 matches at Qatar Open Sania Mirza and Martina Hingis have together won four titles this year out of an overall trophy count of 13. Entertainment Dhanush’s ‘Amma Kannaku’ wrapped up in 50 days Dhanush's home production "Amma Kannaku" starring veteran actress-filmmaker Revathy, has been wrapped up in just 50 days. Entertainment Amitabh Bachchan to attend TOIFA 2016 in Dubai Amitabh Bachchan will attend the upcoming second edition of the Times of India Film Awards (TOIFA), to be held here on March 18. Entertainment Freida Pinto to present at Film Independent Spirit Awards "Slumdog Millionaire" star Freida Pinto will present at the 31st Film Independent Spirit Awards. The awards will take place this Saturday in Santa Monica. Entertainment Pooja Bhatt to make acting comeback in film written by father Pooja Bhatt is all set to make her acting comeback after a gap of 18 years in a film, written by her father Mahesh Bhatt. 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