Business & Economy

IDC increases forecast for Uzbek ICT market growth

Tashkent, Uzbekistan, Sept. 13 By Demir Azizov– Trend: International Data Corporation, the international research and consulting company, said in a message that it has raised the forecast for growth of the information and communication technologies (ICT) market of Uzbekistan. According to the company, the liberalization of the economy, undertaken by the Uzbek leadership, will have significant positive impact on both ...

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Saudi investors to remain confident in Dubai property sector, developer says

DUBAI: Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer said on Wednesday.Okbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development, said Dubai’s status as a safe haven for real investors remains intact and major developments driving the economy are ...

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Waive certain taxes for cos in insolvency proceeding: Assocham

Non-performing loan resolution process is going on for 12 companies and this represent 25 per cent of total bad loans in the system NPLs. New Delhi: Industry body Assocham on Wednesday sought from the government slew of tax relief for companies against whom insolvency proceedings have been initiated. “Where any outstanding liability, inclusive of any accrued interest is waived in ...

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Don Cunningham column: New generations drive new economies

What a difference a generation can make. I spent the early part of my life in a row house in west Bethlehem, across the street from my great-grandmother, a block away from my grandparents. But, it was the early 1970s and moving up was moving out. I still remember my parents’ excitement when they built a house in Bethlehem Township ...

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Waive certain taxes for companies in insolvency proceeding: Assocham

Industry body Assocham today sought from the government slew of tax relief for companies against whom insolvency proceedings have been initiated. “Where any outstanding liability, inclusive of any accrued interest is waived in accordance with the approved Resolution Plan, such waiver/write-back should not be subject to tax under both normal and Minimum Alternate Tax (MAT) provisions of the Income-tax Act, ...

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As India Inc. struggles to cut down debt, the economy suffers

MUMBAI: India’s cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest pace in more than three years. But that is masking a more debilitating factor affecting the economy — corporate debt.Thomson Reuters data, based on the latest annual earnings reports, shows India’s corporate debt rose to ...

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As India Inc struggles to cut down debt, the economy suffers

By: Reuters | Mumbai | Published:September 13, 2017 9:40 am Gross capital formation, a gauge of private investment, fell to less than 30 per cent of GDP in the June quarter, from 31 per cent a year earlier and 38 per cent a decade ago. India’s cash crunch and confusion over the introduction of a national sales tax were initially ...

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Irish CEO positivity dips as Brexit concerns deepen

Up to 58 per cent of Irish chief executives have a positive outlook on the economy but concerns around Brexit and high personal tax burdens has seen that number fall in compason to last year. A survey from professional services firm PwC shows that although a majority of Irish chief executives view the economy in a favourable manner, that has ...

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U.S. middle-class incomes reached highest-ever level in 2016, Census Bureau says

The incomes of middle-class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade. Median household income rose to $59,039 in 2016, a 3.2 percent increase from the previous year and the second consecutive year of healthy gains, the Census Bureau ...

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