Get latest articles and stories on Business at LatestLY. Ministry of Finance posted on X, "Benefits in Personal Income Tax! Vide Finance Act, 2023, Section 87A of the Income-tax Act, 1961 has been amended to allow rebate to tax resulting in no tax liability to persons having income up to Rs. 7 lakh. (1/5) #PromisesDelivered" Business News | Major Personal Income Tax Relief: Finance Act 2023 Amends Section 87a, No Tax Liability for Incomes Up to Rs 7 Lakh.
The International Monetary Fund (IMF) in a new analysis said nearly 40 percent of the global labor market is exposed to artificial intelligence – an impact most likely to be felt on high-skilled jobs and in advanced economies. The analysis released on Sunday examines the benefits and consequences of AI and explores how different labor…
This article examines a variety of home and host-country factors and explains how they influence the global integration versus local adaptation of human resource management (HRM) in subsidiaries of emerging multinational enterprises (EMNEs) in advanced economies. The study draws on data collected from 15 multiple case studies using semi-structured interviews with senior directors and managers working in Australian subsidiaries of Indian multinational enterprises (MNEs) operating in the information technology (IT) services industry. The findings reveal that despite originating from weak institutions, Indian IT service MNEs do not face hurdles in replicating their home-country HRM model to their subsidiaries in Australia. International staffing of expatriates was a key industry-specific resource and capability enabling reverse country-of-origin effect to allow the Australian subsidiaries to be managed ethnocentrically. This article challenges the notion that EMNEs struggle to adapt their
The economist, known for his consistent warning of economic crashes, acknowledged the pitfalls of past recession forecasts in a recent Project Syndicate note.