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Posted: 07 Feb 2014 03:26 AM PST Craigslist.com is a popular portal among US consumers for buying/selling almost everything. It’s highly popular and many thousands of free ads posted everywhere and viewed by millions of people all over the world. This website is very simple to use. I have always wondered about why people in developing nations like India don’t have such popular consumer buy/sell portals. Of course e-comm. portals such as ebay.in existed for a very long time but most of them are purely commercial not completely free (sellers charged a % of transaction amount). Olx.in gained a great popularity now a days among indian consumers and its a great way to stay connected. Olx reminds me of craigslist. It is very simple to use and has got a very high visibility among consumers. I have seen that on my own eyes. Online classified portals have become a sensation on the Internet. They are no longer restricted to the developed nations, but are finding a strong foothold in emerging economies. What makes them special is the fact that the entry barrier is low and it allows an average user to post an ad for free on the internet and grab the offers that are available. You can easily search for properties in OLX popular cities like Pune and Mumbai. The last generation’s indian consumers mostly relied on the news papers for the classifieds. Now it’s great to see such internet portals are evolving well with great consumer support. Enjoy this video below about OLX:
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India’s newest planned airline to start by mid-2014 Posted: 26 Oct 2013 10:30 PM PDT India’s newest planned airline, a joint venture of the Tata Group and Singapore Airlines, expects to win swift regulatory clearance and be able to start flying by mid-next year, the carrier’s chairman said. Indian conglomerate Tata will hold a 51 per cent stake and Singapore Airlines Ltd 49 per cent in the new venture, which was announced last month, as they seek to exploit one of the world’s fastest-growing aviation markets. “We are looking at very fast clearances. We hope that we will be able to launch by May-June,” Prasad Menon, chairman of the new carrier, Tata SIA Airlines, told reporters late Friday. Even though the Foreign Investment Promotion Board earlier this week cleared the venture to be headquartered in India’s capital, a string of other regulatory approvals are needed before the new carrier can take to the skies. “I don’t see any problems” in the new airline obtaining the clearances, aviation minister Ajit Singh told reporters after meeting Tata Sia’s executives in New Delhi on Friday. The airline, which is planning to offer full service unlike rival carriers, which are mainly no-frills, needs a “no-objection certificate” from the aviation ministry. The airline, which will have an initial combined investment of $100 million from the two stakeholders, marks the third foreign direct investment in the aviation sector since the government declared last year international airlines could buy as much as 49 per Source – NDTV Profit |
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New standard for tracking black money Posted: 13 Feb 2014 07:00 PM PST Global economic body Organisation for Economic Cooperation and Development (OECD) today unveiled a new mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory. “The OECD will formally present the standard for the endorsement of G20 finance ministers during a February 22-23 meeting in Sydney in Australia,” the world body, whose economic policies are followed by over 120 countries, said in a statement. “The G20 invited the OECD to develop a global standard on automatic exchange of information in 2013 and remains the driving force behind the move toward greater tax transparency worldwide,” it said. India has already signed the OECD’s global standard for automatic exchange of information between tax authorities two years back and once the new format is implemented, the country will follow the new protocols envisaged in it. A senior Finance Ministry official said the new protocols are aimed to smoothen the automatic exchange procedures which are used to crack cases of offshore tax evasion and illegal stashing of money. “Developed by the OECD together with G20 countries, the standard calls on jurisdictions to obtain information from their financial institutions and exchange that information automatically with other jurisdictions on an annual basis,” the OECD said. Source – PTI |
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Posted: 07 Feb 2014 03:26 AM PST |
Craigslist.com is a popular portal among US consumers for buying/selling almost everything. It’s highly popular and many thousands of free ads posted everywhere and viewed by millions of people all over the world. This website is very simple to use. I have always wondered about why people in developing nations like India don’t have such popular consumer buy/sell portals. Of course e-comm. portals such as ebay.in existed for a very long time but most of them are purely commercial not completely free (sellers charged a % of transaction amount). Olx.in gained a great popularity now a days among indian consumers and its a great way to stay connected. Olx reminds me of craigslist. It is very simple to use and has got a very high visibility among consumers. I have seen that on my own eyes. Online classified portals have become a sensation on the Internet. They are no longer restricted to the developed nations, but are finding a strong foothold in emerging economies. What makes them special is the fact that the entry barrier is low and it allows an average user to post an ad for free on the internet and grab the offers that are available. You can easily search for properties in OLX popular cities like Pune and Mumbai. The last generation’s indian consumers mostly relied on the news papers for the classifieds. Now it’s great to see such internet portals are evolving well with great consumer support. Enjoy this video below about OLX:
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Indian entertainment industry to be of $ 100 billion in next ten year Posted: 14 Feb 2014 08:33 PM PST India is the world’s largest producer of films and Bollywood, or the Mumbai-based movie industry, turned 100 last year in 2013, and it had much to celebrate. The year 2013 has been a record-breaking one for Bollywood at the box-office, with three films grossing over 200 crore rupees and five films entering the 100-crore rupee club. With Dhoom 3 creating a new record and collecting lots of money the bar for Bollywood has risen. The Indian film industry produced more than 1,500 movies last year in various languages, with Bollywood leading the way. Indians buy 2.7 billion movie tickets annually, the highest in the world. |
