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Author Archives: Loknath Das

Mobile phone industry will ‘crumble’ due to increased GST: Xiaomi’s Manu Jain

New Delhi: The smartphone industry in India is already starting to oppose the government’s decision to increase the goods and service tax (GST) on mobile phones and some components. “GST increase for phones from 12% to 18% will crumble the industry,” tweeted Manu Jain, Managing Director, Xiaomi India. Jain also noted that the smartphone industry is “already struggling with profitability” because ... Read More »

Is your internet too slow? Here’s how to speed it up while your family is stuck at home

Get rid of your ugly old router for good. (Photo: eero) — Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Whether you’re feeling sick or not, many of us are spending more time at home due to the outbreak of COVID-19. One unseen consequence? Realizing your home internet just isn’t up ... Read More »

Real estate to take a dip this festive season

The ongoing Covid-19 virus mayhem and concerns over the global economy are likely to curtail a number of residential project launches across the country during the upcoming festive season of Gudi Padwa, Ugadi and Akshaya Tritiya, which usually sees several new launches. Developers are keen to focus on executing their ongoing projects rather than adding new inventory as they continue to ... Read More »

Standing Committee on Finance submits report on personal tax deductions

Exemptions and deductions in personal income tax, “should be continually revisited, rationalised and eventually scrapped in tandem with moderation of tax rates,” the Standing Committee on Finance recommended in its report on demand for grants. The report backed the government’s move of gradually doing away with deductions, exemptions and complicated tax structure for taxpayers. “However, terminal benefits available to retiring employees should not be taxed ... Read More »

Ask Eli: Impact of Coronavirus on the Real Estate Market

Question: How will the threat of Coronavirus impact the real estate market in 2020? Answer: I wasn’t planning to write this, it seems a little click-baity (now my “Trump’s Impact on Real Estate” column has some competition!), but I got the question four different times in under 24 hours last week so here I am writing about it. Too Early To Know ... Read More »

John Ninfo: Coronavirus prompts some personal finance reminders

As I write this column, the worries over the spread of the coronavirus are increasing, and the stock market keeps dropping. As regular readers know, I avoid giving any investment advice, because I am not qualified, but there are a few things that I have been thinking about because of this issue. First, it’s a good reminder that if you ... Read More »

Mobile banking app Empower Finance just closed a $20 million Series A round

Another afternoon, another round of funding for a mobile banking app. This time, it’s Empower Finance, a San Francisco-based company that’s headed up by former Sequoia Capital partner Warren Hogarth and which just closed on $20 million in Series A funding from Icon Ventures and Defy Ventures. David Velez,  who is the founder and CEO of Nubank, the largest fintech in Latin ... Read More »

Finance panel to discuss centre, states’ Fiscal Responsibility and Budget Management

New Delhi: The NK Singh-led 15th Finance Commission (FFC) has called a meeting with state finance ministers on March 13 to discuss how states’ Fiscal Responsibility and Budget Management (FRBM) can be aligned with the Centre’s. An official statement said the meeting will focus on issues of the final report for 2021-26. The Commission has to submit the report to the government by October ... Read More »

Finance panel rightly backs the North-East

The 15th Finance Commission’s interim report has suggested that these States be rewarded for their dense forest cover The 15th Finance Commission (XVFC) had a delicate task at hand. Faced with strong global headwinds and tepid economic growth at home, it had to meet competing political expectations. The heart of the matter was an elusive formula which would define the ... Read More »

Coronavirus Impact On Real Estate Companies In Asia — So Far

The COVID-19 (coronavirus) epidemic that started in China in late 2019 continues to spread around the world.  The latest figures as of February 28 show more than 83,000 reported cases of the coronavirus in at least 53 countries, with more than 2,800 deaths globally. The death toll has surpassed the 2002 SARS epidemic. As global health officials scramble to get ... Read More »