The Ministry of Justice, the Judicial Services Commission and the Information and Communication Technology Agency (ICTA) jointly initiated a program to digitize the entire judicial system in Sri Lanka.
The Memorandum of Understanding was signed today (11.02.2021) at the Ministry of Justice.
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Budget & Beyond: Biting the hard reforms bullet
By Amitabh Kant
In order to truly transform India, there is no way out but sustained growth. We have seen this transformation in the case of South Korea, Taiwan and more recently, China. South Korea grew at an average rate of 9.6% in the three decades between 1960 and 1990. China, between 1980 and 2010, grew at a rate of 10%. Whilst India has witnessed a substantial transformation since the 1990s, our average growth rate for the past 30 years has been 6.5%. Our service sector took off, and so did capital-intensive manufacturing. Yet, it became increasingly clear that the Indian economy marched ahead at two distinct speeds. The formal and organised sector marched ahead. The informal and unorganised sector played catch up.
Updated Feb 01, 2021 | 19:31 IST
The extension of tax holiday for start-ups and increased allocation for research and development will encourage innovation. Tax relief provided to non-resident investors is a welcome move NRI business chiefs in UK welcome pathbreaking Union Budget
London: Two leading NRI business chiefs in the UK welcomed the Union Budget tabled by finance minister Nirmala Sitharaman as a promising and pathbreaking initiative.
Hinduja Group Co-Chairman Gopichand P Hinduja said the proposed capital expenditure of Rs 5.54 lakh crores, 34.5 per cent higher than the current year, augurs well for the infrastructure, manufacturing industry and job creation and also welcomed the hike in the foreign direct investment (FDI) cap for the insurance sector.
UAE plays key role in promoting SMEs, nurturing startup network
29 Jan 2021
Inayat-ur-Rahman, Gulf Today
Entrepreneurs and small businesses are the lifeblood of an economy and the UAE government has played a significant role in promoting entrepreneurship, SMEs and nurturing a successful startup network in the country, according to an industry veteran.
Shailesh Dash, financier and enterpreneur who establised many successful business ventures in the UAE and some other parts of the world, said recent initiatives such as long-term residencies and visas for investors, entrepreneurs and high-earning expats; 100% foreign ownership; cancellation/reduction of government service fees; and the millions directed by Emirati governments to strengthen the startup environment, have all worked towards entrepreneurship.