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IndiaTV Business: Google News Feed: Digest for January 17, 2023

IndiaTV Business: Google News Feed

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ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
India is gearing up for Amazon's Great Republic Day Sale, which is set to begin on January 20, 2023 and will run until January 24, 2023. The sale promises to offer customers unbeatable deals on a wide range of products, including smartphones, laptops, home appliances, fashion, beauty, and personal care products.
The Indian government introduced a new pension scheme for its citizens, known as the National Pension System (NPS) in 2003 and came into effect in the following year. NPS aims to provide a defined contribution pension for the country's citizens. The new scheme was launched as an alternative to the existing Old Pension Scheme (OPS) and aims to provide a more secure and stable retirement income for the country's citizens. In this article, we will take a closer look at the differences between the NPS and OPS. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Union Budget: What are the income sources of government

Saturday 14 January 2023 12:22 PM UTC+00
Union Budget: Revenues from taxes and other sources are the government's main source of revenue. There are two types of taxes that the government levies on its citizens which include direct and indirect tax. 

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.

The four 'C's behind the Union Budget

Saturday 14 January 2023 12:40 PM UTC+00
Union Budget 2023: The Union budget for 2022–23 that India's finance minister presented last year on February 1 embodies the four Cs—continuity, correctness, conservatism, and crowding in.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
India is gearing up for Amazon's Great Republic Day Sale, which is set to begin on January 20, 2023 and will run until January 24, 2023. The sale promises to offer customers unbeatable deals on a wide range of products, including smartphones, laptops, home appliances, fashion, beauty, and personal care products.
The Indian government introduced a new pension scheme for its citizens, known as the National Pension System (NPS) in 2003 and came into effect in the following year. NPS aims to provide a defined contribution pension for the country's citizens. The new scheme was launched as an alternative to the existing Old Pension Scheme (OPS) and aims to provide a more secure and stable retirement income for the country's citizens. In this article, we will take a closer look at the differences between the NPS and OPS. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Union Budget: What are the income sources of government

Saturday 14 January 2023 12:22 PM UTC+00
Union Budget: Revenues from taxes and other sources are the government's main source of revenue. There are two types of taxes that the government levies on its citizens which include direct and indirect tax. 

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.

The four 'C's behind the Union Budget

Saturday 14 January 2023 12:40 PM UTC+00
Union Budget 2023: The Union budget for 2022–23 that India's finance minister presented last year on February 1 embodies the four Cs—continuity, correctness, conservatism, and crowding in.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
India is gearing up for Amazon's Great Republic Day Sale, which is set to begin on January 20, 2023 and will run until January 24, 2023. The sale promises to offer customers unbeatable deals on a wide range of products, including smartphones, laptops, home appliances, fashion, beauty, and personal care products.
The Indian government introduced a new pension scheme for its citizens, known as the National Pension System (NPS) in 2003 and came into effect in the following year. NPS aims to provide a defined contribution pension for the country's citizens. The new scheme was launched as an alternative to the existing Old Pension Scheme (OPS) and aims to provide a more secure and stable retirement income for the country's citizens. In this article, we will take a closer look at the differences between the NPS and OPS. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Union Budget: What are the income sources of government

Saturday 14 January 2023 12:22 PM UTC+00
Union Budget: Revenues from taxes and other sources are the government's main source of revenue. There are two types of taxes that the government levies on its citizens which include direct and indirect tax. 

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.

The four 'C's behind the Union Budget

Saturday 14 January 2023 12:40 PM UTC+00
Union Budget 2023: The Union budget for 2022–23 that India's finance minister presented last year on February 1 embodies the four Cs—continuity, correctness, conservatism, and crowding in.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
The Indian government introduced a new pension scheme for its citizens, known as the National Pension System (NPS) in 2003 and came into effect in the following year. NPS aims to provide a defined contribution pension for the country's citizens. The new scheme was launched as an alternative to the existing Old Pension Scheme (OPS) and aims to provide a more secure and stable retirement income for the country's citizens. In this article, we will take a closer look at the differences between the NPS and OPS. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Union Budget: What are the income sources of government

Saturday 14 January 2023 12:22 PM UTC+00
Union Budget: Revenues from taxes and other sources are the government's main source of revenue. There are two types of taxes that the government levies on its citizens which include direct and indirect tax. 

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.

The four 'C's behind the Union Budget

Saturday 14 January 2023 12:40 PM UTC+00
Union Budget 2023: The Union budget for 2022–23 that India's finance minister presented last year on February 1 embodies the four Cs—continuity, correctness, conservatism, and crowding in.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
The Indian government introduced a new pension scheme for its citizens, known as the National Pension System (NPS) in 2003 and came into effect in the following year. NPS aims to provide a defined contribution pension for the country's citizens. The new scheme was launched as an alternative to the existing Old Pension Scheme (OPS) and aims to provide a more secure and stable retirement income for the country's citizens. In this article, we will take a closer look at the differences between the NPS and OPS. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Union Budget: What are the income sources of government

Saturday 14 January 2023 12:22 PM UTC+00
Union Budget: Revenues from taxes and other sources are the government's main source of revenue. There are two types of taxes that the government levies on its citizens which include direct and indirect tax. 

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Karnataka budget: Karnataka Chief Minister Basavaraj Bommai on Saturday (January 14) said the state budget is likely to be presented on February 17, and asserted that it would be "pro-people".

Where do Indian Railways stand in Union Budget 2023?

Saturday 14 January 2023 12:31 PM UTC+00
Union Budget 2023: The Indian Railways' gross budgetary allocation is likely to increase by 29%, from Rs 1.4 trillion to Rs 1.8 trillion, in order to support future infrastructure investments.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them.
WEF Davos 2023: The World Economic Forum (WEF) has announced that its annual meeting in Davos, Switzerland, will take place from January 16 to 20, 2023, with the theme "Cooperation for Sustainable Growth and Shared Prosperity". The WEF is a platform for global leaders to collaborate and discuss solutions to some of the world's most pressing issues.
Budget 2023: As the government tries to encourage more people to choose the exemption-free personal income tax system, Union Budget 2023–2024 is likely to review the tax structure and possibly announce a few sweeteners.
Telecommunications giant Vodafone is reportedly planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures. The move comes amid ongoing macroeconomic conditions and follows similar layoffs by companies such as Amazon, Cisco, Salesforce, and Ola.
Mohalla Tech, ShareChat's parent company is set to lay off around 20 per cent of its staff which will be around 400 employees. The firm has confirmed the action through a letter which was sent to the employees today. 
The National Payments Corporation of India (NPCI) in a recent circular announced that Non-Resident Indians (NRIs) will soon be able to make UPI (Unified Payments Interface) transactions without the need for an Indian mobile number. 
Indian-Russia trade relations: Amid the ongoing war between Russia and Ukraine, India has been boosting its trade cooperation, especially crude oil, with the former. According to the Commerce Ministry, Moscow has moved to the fourth position in the list of Top 10 Merchandise Import Source Nations in April-December 2022. Citing the reason behind the abrupt jump of Russia, the ministry said the import of crude oil rose significantly in the current financial year.
Global recession: A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey.
The United Nations issued a warning on Monday that a worldwide economic slowdown will compel more employees to accept lesser quality, lower paying employment in 2023 as inflation eats away at real wages.
The Adani Group, India's largest and fastest-growing portfolio of diversified businesses has pledged to grow 100 million trees by 2030. This pledge was made on 1t.org the "Trillion Trees Platform" of the World Economic Forum. Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally. The 100 million would include mangroves as well as terrestrial trees.
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