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Transparent tax system must: Raghuram Rajan

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Mumbai: In order to attract higher investments, the Indian taxation system should be more transparent, Reserve Bank of India (RBI) governor Raghuram Rajan said on Monday.

Speaking at a seminar here, Rajan stressed that the Indian tax system should be transparent and predictable to attract foreign investments.

According to him, to make products in India, a framework has to be created making it easy to do business in the country.

He also said the supply side issues have to be addressed so that prices were under control and the demand side was taken care of.

Stating that nine percent growth in economy was an aspiration, Rajan said the supply side constraints had to be removed while ruling out growth sans inflation.

He said the human capital in the country needed to be upgraded so that businesses get the kind of people it requires.

Rajan also called for greater coordination between leading central banks so that the monetary policies can be used in a more effective manner.

(IANS)

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Xiaomi Expands Its Offline Presence in India, With Smart TV

The TVs were available for purchase only through Xiaomi India's online partners and its flagship "Mi Home" retail outlets.

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Xiaomi 'Smart TVs' now available offline (Wikimedia Commons)

Expanding its offline presence in India, Chinese electronics player Xiaomi on Monday announced that its “Mi LED Smart TVs” would now be available through offline channels in the country.

The company has now spread its offline reach across nine cities — New Delhi, Bengaluru, Ahmedabad, Kolkata, Indore, Patna, Pune, Mumbai and Maddur (Karnataka).

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The Logo.

“#MiTV in offline! We launched ‘Mi TVs’ earlier this year and soon ‘Mi TVs’ will be available across all #MiPreferredPartners pan India,” tweeted Manu Kumar Jain, Vice President, Xiaomi Global and Managing Director, Xiaomi India.

Mi TVs have touched over half a million sales in just six months, the company claimed.

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HD Television with digital video technology. Pixabay

Until now, the TVs were available for purchase only through Xiaomi India’s online partners and its flagship “Mi Home” retail outlets.

Also Read: OnePlus To Unveil Its Smart TV Soon

Xiaomi’s “Mi LED Smart TV” lineup that is now available offline includes “Mi LED Smart TV 4” in 55-inch model, “Mi LED Smart TV 4A” in 43-inch and 32-inch variants priced at Rs 44,999, Rs. 22,999 and Rs. 13,999, respectively.

The 75-inch model of “Mi LED Smart TV 4” is yet to come to India. (IANS)

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