Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Thursday, 28 January 2016
Thursday, 21 January 2016
china lead in app downloads,have lowest cost per installs across asia pacific
LIST OF ASIA PACIFIC COUNTRIES THAT LEADS MOBILE APP DOWNLOADS
China leads the Asia pacific nations in terms of highest mobile app downloads, followed by Indonesia and India . Mobile Commerce and travel category apps saw the highest growth YoY.
Cost per installs across iOS devices is highest in Indonesia,( 2X times ) followed by Vietnam and South Korea .This means advertising your app across iOS users in Indonesia is most expensive, China remains the cheapest asian country for app installs across iOS devices.
China leads the Asia pacific nations in terms of highest mobile app downloads, followed by Indonesia and India . Mobile Commerce and travel category apps saw the highest growth YoY.
Cost per installs across iOS devices is highest in Indonesia,( 2X times ) followed by Vietnam and South Korea .This means advertising your app across iOS users in Indonesia is most expensive, China remains the cheapest asian country for app installs across iOS devices.
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Tuesday, 19 January 2016
8 out of 10 asia's biggest billion dollar consumer internet start ups are chinese
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80% Asian Consumer Internet Start Ups are Chinese and rest from India |
8 out of 10 Asia's biggest consumer Internet start ups, with over 1 billion USD valuation are from China and the rest from India
No 3 : Didi Kuaidi :Apart from Xiaomi and China Internet Plus .. China has its own equivalent of uber and ola. Didi Kuaidi which is ranked 3rd biggest consumer internet start up in Asia is a company made up of China's two largest taxi-hailing firms- Didi Dache and Kuaidi Dache as result of a merger in Feb. 2015.
No 4: Flipkart is India's biggest ecommerce marketplace and the country's biggest unicorn, which is currently valued at over $15billion
No 5: Asia's 5 largest Unicorn is chinese peer to peer lending Lufax which us valued more than $19billion recently.Lufax was launched in 2012 and the company is a part of Pi.ng An Insurance group ,which is china's largest insurer by asset
No 6 : Asia's 6th largest start up is chinese technology company DJI valued in excess of $8 billion . DJI manufactures commercial and recreational unmanned aerial vehicles (UAV) for aerial photography and videos
No 7 : Zhong An Online is among the first insurance company in china to sell all kinds of insurance policy as well as handle claims online .Zhong On is valued over $8 billion and it is China’s first truly digital insurer.Ranked 7th as Asia's biggest start up across consumer Internet space
No 8. :Ola Cabs is India's cab booking along with aggregation service is ranked 8th biggest asian consumer Internet unicorn .Ola's currently valuation is $5 billion
No 9 :Snapdeal is India's 2nd largest e commerce marketplace after flipkart, and valued over $5billion
No 10 :UCar provides a chauffeured car service in China, located at Tianjin china and founded in 2014. Ucar is valued currently at $3.4 billion
With the exception of British Airways, the European brands in the table have seen minimal growth or a decline in their brand values. Iberia has been the worst affected, its brand value has fallen 23% to $951m. Southwest Airlines achieved a 52% growth in brand value Airlines 50 Sector Analysis – Airlines after a strong financial year and American Airlines’ brand value soared 39% to $3,649m, moving it up to 5th place
Sunday, 17 January 2016
start ups funding by industry and countries
Internet web services , consumer products and Entertainment are among the most funded start ups ,followed by healthcare, lifesttle and Software.
New York saw the highest number of start up funding with 17.7% start ups being invested and backed by VC's, followed by California and Florida.
In terms of top 3 nations which highest number of start ups being funded, US, India and France had seen the highest among of start ups being funded by VC investors ,followed by Brazil, Israel and UK.
Saturday, 16 January 2016
5 indian start ups who raised 2nd funding round within 6 months
The above chart shows the list of Indian start ups that got its second round of funding with 6 months,Among them are
- Furniture rental service urban clap, the online grocery chain Grofers
- Education and Training start up " Simplilearn" .
- On demand grocery delivery startup pepper tap
- Online food ordering start" Swiggy"
- Messaging app "Lookup"which connects local merchants and customers
- Online baby and kids store" FirstCry"
Sunday, 13 December 2015
Nigeria and India leads mobile web traffic while ,UK& US ranks 17th and 19th
Saturday, 23 November 2013
Income Tax House Rent Allowance exemption new rule makes it compulsory to submit PAN number of the landlord if your rent is over Rs.1.00 lakhs
The Income Tax department through the Central Board of Direct Taxes (CBDT) issued a circular regarding the limits on House Rent Allowance deductible. The circular which was issued by CBDT vide its Circlular No. 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013 if you are a salaried and claiming HRA (House Rent Allowance exemption and the rent paid by you is more than Rs.1 Lakh per year then it is compulsory to provide PAN (Permanent Account Number) of your Landlord or a declaration duly signed by you and the landlord.
This makes it compulsory on your part to give the PAN number of your Landlord the the Drawing and Disbursing Officer (DDO) or the Tax Deducting Authority if you are paying rent of more than Rs.1,00,000.00 per year. Earlier the limit was capped Rs.15,000 per month which meant that if you paid upto 1,80,000.00 per year, you were not required to give any PAN details about your landlord. Now the limit has been capped to Rs.1,00,000. 00 per year which make the limit of Rs.8,333 per month.
This move from CBDT has a two pronged effect. One is curb those who claim the HRA benefits when they still live in their own houses. The other is to bring the landlords under the income tax dragnet given the obscene amount they take as rent in the Metros but do not disclose the same in their own returns.
The problem become more acute for a Tax payer in case the landlord refuses to disclose the PAN number to him. Though the circular states that in case a landlord doesn’t have a PAN, then a declaration needs to be filed by the employee by declaring the name, address & details of landlord. But it also notes that the same has to be be duly signed by landlord.
The circular also states that in case a landlord’s rental income is assessed in Income Tax then he’ll not refuse to provide PAN. But if the landlord refuses to part with his/her PAN No. or signature you have no option but to leave your current apartment and find out a new landlord who provides PAN or not claim the HRA benefit at all.
Saturday, 9 November 2013
Narendra Modi and India : Part 6 : the rise and rise of the far right across the world
Narendra Modi is Bhartiya Janata Party's candidate for Prime Minister in the General Elections which will be held in May 2014. People from across the globe including our own politicians have branded him and his policies as extreme rightist.
Today I give you a comprehensive study about the Right and extreme Right wing politicians from Europe. This right winged politicians are not only famous in their own countries but many are also part of the ruling coalitions in some of them. I do not see anybody raising a brouhaha over them but when it come to NaMo everybody from the US to the Harvard raises some opposition. That too, when it is to be singularly proved that NaMo was responsible for the carnage in Godhra 2002 riots directly. The onus of the riots may be on him due to his being Chief Minister of the state of Gujarat at that time.
Lets start with United Kingdom. UK has almost 16 far right parties running for elections. Most notable of them are the UK Independence Party Led by Nigel Farage, the ideologies of UKIP are Euroscepticism (anti Euro), Right-wing populism and Libertarianism. As of 2013 it has has 9 of the 73 UK seats in the European Parliament, three members in the House of Lords and one seat in the Northern Ireland Assembly, though it has never won a seat in the House of Commons. This should change in the next elections scheduled in the UK because it as 14% popular support among the Britons and is third most popular party after the Tories and Labour.
Next one on the list is Austria. Austria's right wing populist Freedom party which is called Freiheitliche Partei Österreichs (FPÖ). The FPO is lead by Heinz-Christian Strache and is called a Neo Nazi party in the political circles. Its ideologies are : National liberalism (traditional)
National conservatism
Right-wing populism
Euroscepticism but FPO has been in forefront for preaching aggressively populist nationalism and reactionary rhetoric which often encompasses racism, xenophobia, anti-Semitism, and Islamophobia. As of now Strache and his FPO are neck in neck with the ruling Social Democrats in Austria and maybe FPO will win the next general elections in Austria
Belgium has its own far right party called Vlaams Belang or Flemish Interest (VB). The VB is led by Gerolf Emma Jozef Annemans who believes in Flemish superiority. The ideologies of VB are :
Flemish nationalism
Euroscepticism
Separatism
Conservatism
In 2009, the VB contested elections for the Flemish Parliament and the European Parliament. The party was reduced from 32 to 21 seats (from the Vlaams Blok's record 24%, to 15%) in the Flemish parliament, and from three to two seats in the European parliament. In the 2010 general election, the party was again reduced, to 12 seats in the Chamber, and three in the Senate. This was largely due to the great success of the more moderate new party New Flemish Alliance which is also pro Flemish Independence.
Now we move to the country which is often said to most peaceful country in the world. In fact Norway has always had a hand in almost all the peace pacts in the world. What about Norway's own internal politics. Norway has as many as 10 right leaning parties and the most prominent one is the Progress Party Fremskrittspartiet or Framskrittspartiet, Nynorsk: Framstegspartiet, (FrP). The FrP is led by charismatic Siv Jenson and has been pretty successful as of today. Its ideologies are :
Conservative liberalism
Conservatism
Right-wing populism
Classical liberalism
Right now it is the second largest party of Norway. Similarly Denmark has it own Progress Party which is also highly popular. The Greeks have their own Golden Dawn which is considered highly neo Nazi. In France, President Hollande is facing a serious challenge from the National Front whose prime agenda is anti immigration and anti Arabs (expecially the Algerians) living in France.
Though the big daddy of them all, the United States has 5 parties listed as far right with highly explosive ideologies they have been unable to penetrate the mainstream politics as of today. Australia has its own share of rightwinged parties. The prominent among those are the Liberal Party, the Australia First Party (with white nationalism (sic) anti zionisim (another sic) anti immigration (read that anti Indians) agenda.
My point of putting this article is not spreading hate but just making aware that the right wing is not just a Indian phenomenon ergo it is a pan world. It is already known that the entire Islamic world is ruled by right winged parties or dictators except a few countries. The US, UK and Euro implementing Visa restrictions NaMo reeks of double standards on their parts (Euro and UK have since rescinded the restrictions) while their own backyard is filled with anti Semitic anti Zionist anti Indians, anti Arabs anti immigration, anti blacks and islamophobic elements which they do little to stop.
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Saturday, 26 October 2013
Narendra Modi and India Part 5 : The Anointment and its effects on India; Polarisation or Progress what will he deliver
Friday the 13th 2013, the day Narendra Modi was anointed as the next Prime Minister candidate by the Bhartiya Janata Party (BJP), the largest opposition party of India. Many superstitious people in the western hemisphere may grimace at the choice of Friday the 13th date but as per Indian astrology, the day was very auspicious. How auspicious that will be to the billions of ordinary Indians only time will tell because first of all the Indian general elections have to take place in the month of May, 2014 and BJP has to handsomely win them.
India has suffered gravely under the UPA I & II. The inflation as per government figures is at 9.52 percent but a ordinary man has nothing to with these numbers. They sound alien to him when he goes to the market and finds out the onions are selling at Rs.100.00/kg, the onions make him cry even without buying them leave alone dicing them at home. Among other vegetables the tomatoes cost Rs.50.00/kg, Potatoes cost Rs.30.00/kg while common vegetables like Cauliflower, cluster beans, lady finger, brinjal and capsicum cost in upwards of Rs.60.00/kg. Those eating non vegetarian fare are not spared either, the staple eggs now cost Rs.48.00/doz, while chicken meat and mutton is available now at double the cost it was earlier. Gold has already crossed Rs.32000.00 and silver is at Rs.50000.00 above.
Next up is the fuel prices. The government blames the rising fuel prices in the international markets and volatility of Indian Rupee in the markets to raise prices every fortnight. But where is the plan that was mooted after the Lehman Brothers crisis in 2008. In 2008, Government of India announced a grandiose plan to build a strategic reserve of oil in underground sumps in Mangalore and Vishakapatanam. The Times of India carried an article that this strategic reserves would be ready in 2011. Where are the reserves when Indians need it most.
Perhaps 2011 has not arrived yet for the UPA government for it is still living in 2008 era by announcing a spate of grandiose plans. The plans which sound very socially correct are not going to work unless the implementation is just. And implementation of government works under UPA leaves much to be desired.
Indian Public Distribution System (PDS) which we inherited from our colonial rulers is robust and dynamic. But the problem occurs when there is a pilferage/corruption at both the planning end and the distribution end. Even today, kerosene is not available for ordinary people but is available in infinite quantities in the black market. The same is the case with the grains and sugar available in PDS which is announced as sold out the moment it arrives at the Ration shops only to find its way to the warehouses of private contractors who hoard it for windfall gains. Instead of announcing the FSA, if the government would work harder at implementing the PDS in its true and proper form, India will have no problems with food security.
We are a poor country in all respects so isn’t it better for us to build in on inclusive growth rather to give away free food to poor people. By giving free fund food without work, we are creating millions Frankensteins in the society who will never work and always live a parasitic existence thanks to the acts like Food Security Act. The Mahatma Gandhi National Rural Employment Guarantee Act is touted as a success by the UPA government. Does it know that, MGNREGA has created a cyclical inflation in India. When the poor have jobs and earning under MGNREGA, which is limited to a number of days per year, they have money to spend which has created a cyclical hyper inflation in the remote places. It has also lead to unemployment in the traditional pockets like the chilly farms in Andhra, the coconut farms in Kerala and Karnataka, the rice farms in Uttar Pradesh, the tobacco farms in Maharashtra and the wheat farms in Punjab and Haryana, where the farmer now don’t labour which obviously is working in MGNREGA.
While the growth for the current fiscal is going to drop less than 5 percent, the UPA is indulging in its obvious past time, naming its erstwhile finance minister for the wrong policy decisions rather than taking concrete steps to correct the wrongs.
I would request the BJP’s prime ministerial candidate, Mr. Narendra Modi to come out with a clear cut written manifesto on how he plans to deal with all these short comings of the UPA government. By clear cut I mean that he has to spell out step by step plans he has to tackle all these problems like price rise, inflation, steps to accelerate the economy, reducing the fiscal deficit. On foreign policy front, India has suffered a huge loss of face in recent times. NaMo should spell out exactly he envisions India’s future foreign policy. Even here clear cut information on how he plans to deal with the United States which has denied him VISA, Pakistan for constant ceasefire violations and China for the stapled VISA regime it follows.
Next up is the continuing worsening law and order situation in the country, especially towards women. The lawlessness has gone out of hand in many parts of the country with a RAPE being reported almost every day in some part of India. Here to a clear cut policy roadmap would be desired from NaMo. It would also be better if he spells out how he is going to implement the dream schemes announced by the UPA or plans to discard them.
The next important thing in India is communalism. India is not a secular country no matter how many times anybody says so. But not being secular is not a concern as long as there is no polarisation. It is a well known fact that Nehruvian policy of bunching a similar class of people based on their religion has propagated ghettoism in India. Ghettoism is the worst breeding ground for crime, terror and antisocial elements and it does not really matter whether the Ghetto belongs to a Hindu, Muslim, Christian or other cohabitant. In a situation where all the people belong to a single caste come together in a crisis, it is a known sociological fact that the result is always very counterproductive.
Only attacking Rahul, Sonia or Congress and other opposition may earn NaMo some brownie points and claps but in the long run, it will not matter much to India and its progress. Concrete steps are needed to be taken to boost the business, investor, and common man’s confidence in the idea called India. A business man need a best environment to conduct his business without latent government interference, either overt or covert, removal of red tapism that exists. A investor needs a conducive environment where he can earn good returns without high risk speculative volatility. Ultimately the last man standing is always the common man. It is this common man that will vote for Narendra Modi and BJP in the GEC 2014. A common man is disgusted against the rising prices, terrorism, safety of his kith and kin and a nice conducive environment where his sons and daughters can study. He needs nice roads, good houses with proper sanitation and 24 hours electricity and water. He needs better connectivity options for travel throughout India whether by road, rail or airplane. He wants development and Narendra Modi should deliver them. It is known within Gujarat that NaMo is a hard task master who gets things done.
I guess India needs a hard task master right now and ASAP.
You can read the earlier part on Narendra Modi here :
Here is a beautiful cartoon from my dear friend, Jack MySay of mysay.in which depicts it all
Thursday, 3 October 2013
Indian Jail rules different for ordinary thief and VIP thief especially when the VIP thief has looted all the Indians through the exchequer!
Different set of rules for the high lords!
Lalu is lodged in the Birsa Munda Central Jail in Ranchi for his crimes. I am glad that the judiciary is taking positive action against the people who till now have been untouchables as far as law is concerned. This sentencing and its aftershocks may prevent the high lords of India from looting our beautiful country. But at the same time I am dismayed by the way the Indian Penal Code works.
As per the Indian Penal Code Section 379, 1860 a thief is person who commits a theft. The max prison sentence for the person who is proved guilty of theft is 3 years and a fine.
"379. Punishment for theft.-- Whoever commits theft shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both."
Now this imprisonment is for normal thief who steal money from you and me. He/she is then put into the prison and made to do menial work as per the prison manual. The Government then pays him/her as per the schedule of rates. Now in Lalu's case the CBI Court has charged him with more severe IPC sections under which the quantum of the sentence and fine are both more than a normal thief. Mr.Lalu on the other hand has looted the Indian exchequer of Rs.940.00 crores which by default means that he has committed theft with every Indian. But the news reports (see the video above from HT) suggest that he is treated more like a son-in-law of the state. His crimes are graver than a ordinary thief then why is he given VIP customised service in the prison.
I was really surprised reading the papers that the prison manual states that VIP prisoners are to be provided longer visiting hours in comparison with regular inmates, an upper division cell with a TV and two cooks, a generous supply of rice, fresh vegetables, mutton/chicken or fish, ghee, and seasonal fruits and the option of getting food from outside, are just some of the entitlements. My first question to the Indian authorities is that isn't Lalu a thief who has looted this country. If he is already proven guilty of wrong doing how the hell is he a VIP? A ordinary thief is made to slog in the prisons where as the so called leaders after enjoying 50 percent of there lives fooling people are now living with 5 star like amenities in the prison. How will a thief repent on his wrong doings if the state provides his with honorary chicken/mutton, ghee and fruits with the money we pay as taxes to the state exchequer. Not only is this absurd but this shows that the VIPs after committing the crime are still able to rule the roost inspite of the convictions by the hon Court.
If this is so then why are lakhs of ordinary thieves made to do menial work and provided with shoddy cells often cramped. Why is Sanjay Dutt, with tendered his heartfelt apology to the nation made to do menial work. No I am not writing this in favour of Sanjay Dutt, but it seems a bit odd to me that a thief who has looted the nation is still enjoying the perks of office. The very same office which the Hon Supreme Court has already disallowed through its historic judgement against people sitting in high office after being convicted.
It seems to me that for Lalu only title of Member of Parliament has been removed per se but he is still a MP as per the prison manual. Isnt it time now to change these stupid British era rules and make the wrong doers face the music. Hope some day the Supreme Court will notice this lacunae in Indian laws and put a end to it!
*I dont know whether the prison facilities will be different now as Lalu has been convicted. The facilities stated in the post are at the time when he was remanded into custody for sentencing on Monday.
*I dont know whether the prison facilities will be different now as Lalu has been convicted. The facilities stated in the post are at the time when he was remanded into custody for sentencing on Monday.
Friday, 27 September 2013
Ad-hoc Bonus Orders for 2012-13 for Government Employees issued, download now
In the fastest flurry of Government activity seen in a long long time, today the authorities issued the orders for Non Productivity Linked Bouns (Ad-Hoc Bonus) for Government employees. The Bonus is payable to all the Government employees who do not qualify for the Productivity Linked Bonus (mostly all Government employees). The Ad-hoc Bonus will be payable to those who have completed a year of service as on 31.3.2013. Those who do not complete the 12 months will be paid proportionately for the period they have worked.
Though widely expected, the Finance Ministry did not raise the Rs.3500.00 limit and as such all the government employees who have completed 12 months service as on 31.3.2013 will receive Rs.3454.00.
You can get the orders in PDF format from here. All the important orders and news are clubbed under the label Pay Commision New, if you wish to read the rest of the important orders/news kindly click here.
You can get the orders in PDF format from here. All the important orders and news are clubbed under the label Pay Commision New, if you wish to read the rest of the important orders/news kindly click here.
Friday, 20 September 2013
Dearness Allowance (DA) from 1.7.2013 (July 2013 to December 2013) approved today by Cabinet Committee
The text of the Cabinet Committee meet is as follows :
| Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013 |
| The Union Cabinet today approved the proposal to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2013, in cash, at the rate of 10 per cent increase over the existing rate of 80 per cent. Hence, the Central Government employees as well as the pensioners are entitled for DA/DR at the rate of 90 per cent of the basic with effect from 01.07.2013. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission. The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs. 10879.60 crore per annum and Rs. 7253.10 crore in the financial year 2013-14 ( i.e. for a period of 8 month from July, 2013 to February 2014). SC/VK (Release ID :99505)The orders are awaited now. Hope this time the Government doesnt make any delay in issuing the orders like in April 2013. The holiday season in on us and any money in such hard pressed times is welcome! I will be keeping a watch on the related website and bring you the orders as soon as they are issued, to make your holidays worthwhile. DA ORDERS FROM 1.7.2013 ISSUED KINDLY READ THIS POST |
Tuesday, 3 September 2013
State Bank of India online portal onlinesbi.com down since yesterday
In a event that is causing lot of hardships to thousands of Indians who use online banking for day to day transactions, India's largest bank seems to be having some problems with its server. Yes, website of State Bank of India the India's largest banker and treasurer of states of India is down since yesterday.
However there is no news about what actually has happened. The website onlinesbi.com if clicked keeps searching for network. This has caused a lot of problems for people who rely on online banking for their day to day transactions. The image below is from the isitdownrightnow.com which monitors websites that are down :
You will notice from the image that it was down at 22.11 hours yesterday and 02.13 hours today. Looks like SBI is facing some serious network issues. A satisfactory reply is awaited from SBI management regarding the same.
Please post in your comments if you have faced similar problems.
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