Rs.10 coins find no takers despite RBI announcement

Shopkeepers and public transport in the city remain are, declining to accept Rs.10 coin as legal tender. Bangalore, February 01, 2018: Flipping through the notes in his hand, Srinivasan R, a conductor in a Bangalore Metropolitan Transport Corporation bus, moves down the aisle giving tickets but refrains from collecting Rs.10 coins as he still thinks it […]

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Drone start ups demand flexible regulations

Digitization of permission will ease the permission process which otherwise involves a lot of paperwork Bangalore, February 1, 2018: Drone companies have demanded for digitalization in the permission process to fly drones and an increase in areas of drone flying practice in the country. Many Unmanned Aerial Vehicle (UAV) companies commonly known as drone companies […]

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Budget 2018: Jaitley’s final budget takes a rural turn

Agri, infra, health and education are front and center; FM Arun Jaitley breaks from tradition delivering parts of the budget in Hindi Bangalore, Feb 1, 2018: Finance Minister Arun Jaitley delivered the final full budget of the Modi administration on Thursday. Jaitley delivered a rural-focused budget increasing the minimum support price of all Kharif crops and […]

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Security lapses,bank freeze lands Indi-Bitcoin wallets ,investors in a soup

In the post 2017 Bitcoin boom world, the Indian cryptocurrency economy continues to remain a risky territory as local wallet providers face RBI raids, bank account freezes, and security lapses. Bangalore, January 23, 2018: “Want to buy a bitcoin? It might be easier than buying a pizza,” a city-based Bitcoin wallet provider said at a […]

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Leather exporters feel the bite of the beef ban

Contemporary cow politics results in a dip in Bangalore leather exports. Bangalore, January 23, 2018: Leather exporters in the city are struggling with a ban on cow slaughter, a stagnant market and unpaid duty drawback rates. Nayeem, exporter and owner of Royal Leathers, Bangalore, said, “The export business has reduced by 50 to 60 per cent. […]

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After Samsung and Panasonic, Godrej to shelve window ACs by 2020

Window Air Conditioners are being phased out  by companies like Samsung, Panasonic and Godrej. Bangalore, January 23, 2018: Old air conditioners are flying out of the window, thanks to technology, and consumer preferences. “Thanks to technological innovation, changing consumer preferences and pressure from the government to focus on energy efficient consumer goods, the demand for window […]

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Outsourcing meets Crowdsourcing

India’s IT Industry is warming up to a crowdsourced way of doing things. Bharath Manjesh Bangalore, January 18, 2018: Crowdsourcing of technical work is going mainstream in India with more and more IT companies tapping into the power of the crowd to get the work done while saving time and cost overheads. Topcoder—the world’s largest marketplace […]

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GST revision leaves electric vehicle manufacturers unimpressed

Bangalore, November 23, 2017: Electric car manufacturers are unhappy about the GST council’s decision to retain automotive car batteries in the highest tax slab. The revision of GST Tax rates in November has retained automotive batteries in the highest tax slab of 28 per cent. This is 18 to 23 per cent over the pre-GST state […]

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Sales of Kannada books plunge by 50 per cent

Bangalore, November 22, 2017: Kannada booksellers in the city have seen a fall in revenue by 50 per cent in the last few years. Lakshmikant, owner of Total Kannada (a bookstore which sells only Kannada items), said, “The book sales have reduced by 50 per cent.  Rest of the sales happen in online retail websites like Flipkart and Amazon. […]

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