Will India Consider Apple’s Demands For Manufacturing Unit In Bengaluru?

Top Headlines Today 19 Jan 2017

  1. A local court in South Korea has dismissed,  an arrest warrant for Samsung Electronics Vice Chairman, Lee Jae-yong, who has been accused of bribery and embezzlement. Court ruled that the evidence produced against him is insufficient to arrest him. The accusations were part of a corruption scandal which led parliament to impeach President Park Geun-hye. Lee Jae Yong is treated de facto boss of the entire Samsung Group conglomerate.

2. India is keen for the U.S. tech giant Apple, to produce its signature smartphones in bangaluru. But, apple’s long list of demands, including tax concessions and several other policy exceptions, still faces resistance from higher officials, who consider it excessive, and unfair on foreign companies, already operating in India.

3. Indian Union Minister for external affairs MJ Akbar, inaugurated Digi-Dhan-Mayla, at peoples plaza in Hyderabad yesterday.

He said, the cashless transactions is a blow to corrupt people. Unlike all the earlier tech revolutions which benefited the rich,  this is one that is helping the poor. The encouraging fact is that a woman in a remote village in Telangana has won Rupees 1 lakh by doing a cashless transaction of Rupees 66.  

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