Gothenburg: There is a positive connection between taxation of a state's citizens and how well the state's institutions works. The reason is that any ruler who wants to collect taxes must build a well-functioning bureaucracy and give the taxed something in return, in the shape of welfare reforms and some influence over how the taxes are handled. This is shown in a new dissertation from University of Gothenburg.

New Delhi: Lok Sabha approved the Real Estate (Regulation and Development) Bill, 2016. The bill seeks to create a set of rights and obligations for both the consumers and developers and encourage both of them to live up to the expectations of each other as per the agreement entered into by both of them.

Hyderabad: With attrition levels being on the rise across job categories and companies, most employers are at a loss to stop the churn. The fallout of this for organizations includes increasing recruitment costs and loss of revenue as well as adverse effects on organizational stability.

New Delhi: Major focus on agriculture and farmers’ welfare, massive mission to provide LPG connection to poor households, a new health protection scheme, increased outlay for infrastructure, ₹2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities, setting up of 1500 Multi Skill Training Institutes and incentives for jobs creation are major highlights of the General Budget 2016-17 presented in Lok Sabha by Union Finance Minister Arun Jaitley. 

Important announcements of General Budget 2016-17 are as follows…

New Delhi: Economic Survey 2015-16 finds uneven distribution of ₹100,000 crore subsidies going to the better-off merely on account of six commodities like gold, LPG, Kerosene, Electricity, railway fares, aviation and turbine fuel (ATF) plus the Small Savings Scheme. (Read in Hindi: सब्सिडी का लाभ उठा रहा है समृद्ध वर्ग, आर्थिक समीक्षा में विसंगतियां दूर करने की सिफारिश)

New Delhi: The Economic Survey 2015-16 presented in the Parliament by the Finance Minister Arun Jaitley states that the benign price situation and comfortable level of external current account in the country makes it possible now for growth rates of 8 % or higher in the next couple of years. (Read in Hindi: आर्थिक समीक्षा 2015-16: अगले दो साल में विकास दर 8 फीसदी से ज्यादा रहने की उम्मीद)

Durham: Even though social media spending has climbed sharply in the last five years, US companies report its contributions to company performance are weak, a new survey finds.

New Delhi: Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for introduction of steps for promotion of payments through cards and digital means. The move aims at reducing cash transactions. Several short term (to be implemented within one year) and medium term measures (to be implemented within two years) have been approved for implementation by the Government Ministries / Departments / Organisations. 

New Delhi: Presenting the Railway Budget 2016-17 in the Parliament, Railway Minister Suresh Prabhu said the budget seeks to fulfil the long-felt desires of the common man such as reserved accommodation on trains available on demand, time tabled freight trains, high end technology to improve safety record, elimination of all unmanned level crossings, improved punctuality, higher average speed of freight trains, semi high speed trains running along the golden quadrilateral, zero direct discharge of human waste by the year 2020. Highlights Of Railway Budget are as follows…