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Union Budget 2020 tech highlights: Scheme to boost manufacture of mobile phones, electronic equipment and more – Latest News



Finance minister Nirmala Sitharaman is presenting Union Budget 2020. Here are all the key highlights for the technology sector:

* Proposes to launch system for instant allotment of PAN on basis of Aadhaar

* Proposes deferment of tax payment by employees on ESOPs from startups by 5 years

* 6 lakh-plus Anganwadi workers to be equipped with smartphones to upload the nutrition status of 10 crore households

* Bharat Net: Rs 6000 crore boost for internet connectivity

* Proposes discoms to replace conventional meters with smart pre-paid meters

* Allocation of Rs 8,000 crore for National Mission on Quantum Computing and Technology

* 1 lakh Gram Panchayats to be linked with Bharatnet in FY2021

*Proposes to build data centre parks throughout the country

* To create National Logistics Policy to make MSMEs more competitive

* Five new smart cities to be developed

* Proposes scheme to boost manufacture of mobile phones, electronic equipment and semi-conductor packaging

* FM proposes to make entrepreneurs’ lives easier with new investment clearance cell

* Young engineers to be offered internship opportunities with urban local bodies

* FDI in India increased to $284 billion during 2014-19

* Start full-fledged online degree programmes for under-priveleged

* 150 higher education institutions to offer apprenticeship diplomas by FY 2021; Aim to promote ‘Study in India’

* Rs 99,300 crore allocated for education sector for FY21; Rs 3,000 crore for Skill segment

* New Education Policy to be announced soon

* Aviation ministry to launch ‘Krishi Udaan’ for transport of agriculture exports on both domestic and international routes

* Kisan Rail to be set up for transport of perishable goods

* Govt to build seamless national cold supply chain for perishable items

* Government to offer incentives to farmers to go solar

* India becomes world’s 5th-largest economy

* Three key themes of Union Budget 2020: Aspiration, Development and Compassion


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US targets $1.3 billion in French imports in tech tax clash




WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for France’s digital services tax on U.S. technology giants.

But the Office of the U.S. Trade Representative said the levies would be delayed for 180 days to provide time for negotiations.

The French tax is designed to prevent tech companies from dodging taxes by establishing their headquarters in low-tax European Union countries. It imposes a 3% annual levy on French revenue of digital companies with yearly global sales worth more than 750 million euros ($848 million) and French revenue exceeding 25 million euros.

The U.S. said the tax unfairly targeted U.S. firms such as Amazon and Google. It also criticized the French tax for targeting companies’ revenue, not their profits, and for being retroactive.

Last year, the U.S. threatened to slap tariffs of up to 100% on $2.4 billion in French goods, including cheese and wine. But the list released Friday was smaller and dropped the cheese and wine.

The Paris-based Organization for Economic Cooperation and Development has been attempting to negotiate a compromise on digital taxes.

“Retaliatory tariffs aren’t ideal but the French government’s refusal to back down from its unilateral imposition of unfair and punitive taxes on U.S. companies leaves our government with no choice,” Senate Finance Committee Chair Chuck Grassley, R-Iowa, and the committee’s top Democrat, Sen. Ron Wyden of Oregon, said in a joint statement.


AP Economics Writer Martin Crutsinger contributed to this story.

Copyright © 2020 . All rights reserved. This website is not intended for users located within the European Economic Area.

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Facebook mulls ban on political ads ahead of U.S. elections – Bloomberg News




 Facebook mulls ban on political ads ahead of U.S. elections - Bloomberg News

(Reuters) – Facebook Inc is considering imposing a ban on political ads on its social network ahead of elections in the United States in November, Bloomberg News reported on Friday, citing people familiar with the company’s thinking.

The potential ban is still only being discussed and has not been finalized yet, the report added.

Facebook did not immediately respond to a Reuters request for comment.

(Reporting by Neha Malara; Editing by Vinay Dwivedi)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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How do I Prepare for the Leadership Test?




If you’re aiming to take a supervisory or managerial position, perhaps you’re expecting to get promoted in upper management, then it is very likely that you will be asked to take the leadership test to prove that you are worthy of the position.

Although there are many test providers with their own version of the test, most, if not all, of them are designed to measure the same set of traits, competencies, and behaviors in a candidate.


So no matter if you’re taking a generic version or a highly curated one, you can expect the contents of the test to be similar to each other in many ways.

Without further ado, here are some top tips to help you prepare for this assessment.


  • Research the company and the company culture well


Not knowing what sort of leader the company wants of its candidates is one of the most common mistakes that a number of applicants commit even before taking the leadership test.

Most of these applicants, even if they are competent or qualified for the job, think that presenting themselves as overly friendly, approachable, or down to earth would make them the prime choice for the position when in reality this is not what the company is looking for.

Some will prefer those who are friendly and easy-going while others will prefer those who are firm, stern, and output-based over being sociable.


  • Expect questions that will test your sense of ‘compromise’


There will be times that the interests of the company and the employee will not be or will no longer be aligned.

Because managers and supervisors are meant to be representatives of the company first and foremost, you will have to compromise between siding with the company or the employee.


These situations can range from honest errors from either side, pay disputes that got out of hand, to you being made to choose which employee to lay off.

Depending on how you answer these questions in the leadership test, the company will be able to know what sort of mediator you are.


  • Expect questions that will test your decision making skills


Similar to the section above, the leadership test will also aim to determine how good your decision making skills are when it comes to financial, casual, or project-based situations.

For example, your company managed to snag the contract of a well-known client and you are assigned to make sure that the project goes smoothly. 

However, upon closer inspection, you realize that your company does not have the manpower to complete it on time unless everyone gives overtime.


Are you the sort to ask the company to request that the deadline be changed? Perhaps you’re someone that will outsource some of the tasks? Or maybe you’re the type that orders everyone to perform overtime whether they like it or not?


  • Expect questions that will measure your ambitiousness


Companies are now wary of candidates and are known to turn away overqualified, even just qualified, applicants if they discover that they are too ambitious or too eager to climb the corporate ladder.

Remember, although you are applying for a position at the company, what is to say that you won’t leave them after one or two years after finding a better offer at a different or rival company?

If this is the case, then they will have to spend resources in looking for and training a replacement, potentially affecting operations and productivity in the long run.

As a result, companies use the leadership test to prevent such a thing from happening in the first place.


  • Finally, expect questions that will measure your sociability


Although it does not weigh as much as the others, the company will also use the leadership test to know how well you can interact with others both during officer hours and during days off or company outings.

Even if you want to present yourself as a firm leader in the office, having enough socialization skills is still expected of you to get along well with your subordinates and fellow managers at the office.

With all of these pointers in mind, we hope that we have helped you in becoming more prepared to take the leadership test.

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