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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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Netflix Testing New Mobile-only Subscription Plan For India

However, since this is a test, not all users would be able to be part of the new plan and it is also possible that Netflix could decide on not making it a permanent option after all

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Netflix declined to share what other countries would be involved in the test besides India. Pixabay

In India and other select countries, content-streaming platform Netflix is testing a new mobile-only subscription plan that would only cost users $3.63 a month (Rs 251).

The basic Netflix streaming plan in India starts from $7.27 (Rs 500) and the test plan would slash the existing subscription plan exactly by half.

“We will be testing different options in select countries, where members can, for example, watch Netflix on their mobile device for a lower price and subscribe in shorter increments of time,” The Verge quoted Netflix as saying on Friday.

Although it remains unclear as of now, but the statement from the content-streaming platform hints that it could start offering weekly or bi-weekly subscription options alongside or instead of monthly plans.

Netflix
The test in India makes sense, given that Netflix has already expressed interest in the country, the report said. Pixabay

Netflix declined to share what other countries would be involved in the test besides India.

The test in India makes sense, given that Netflix has already expressed interest in the country, the report said.

Also Read- Election Commission of India Joins Twitter Ahead of LS Polls

Last week, Todd Yellin, Product Vice President at Netflix gave a keynote in Mumbai addressing company’s future plans of expanding interactive TV shows and Netflix original content from India on its platform.

However, since this is a test, not all users would be able to be part of the new plan and it is also possible that Netflix could decide on not making it a permanent option after all. (IANS)