Aanchal Magazine

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Trial version: Govt to launch e-platform for labour market information
Mon, May 02, 2016

Final version likely in two months; Centre also working on a catchy name.

EPF Interest Rate: CBT calculations show a sizeable surplus even at 8.8% payout
Fri, Apr 29, 2016

For 2014-15, EPFO had a surplus of Rs 1,604.05 crore for 2014-15 on a total principal amount of Rs 3.30 trillion rupees.

PF interest rate: A divided house on the course of action
Wed, Apr 27, 2016

The labour minister had in February announced “interim” interest rate of 8.8 per cent for 2015-16 for over 4 crore subscribers, lower than CBT’s original recommendation of 8.95 per cent.

Lower Collections: Petroleum plays a drag on states’ revenue, widens fiscal deficits
Tue, Apr 26, 2016

This happened since the excise duty levied by the Centre is fixed on per litre of petrol and diesel, while the state’s levy of sales tax or value-added-tax is a percentage of the price.

Fiscal deficit target: Feet tied, headroom of little use to states
Tue, Apr 26, 2016

Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.

Govt overrules Board, ratifies cut in EPF rate to 8.7%, unions warn of protest again
Tue, Apr 26, 2016

Setting aside retirement fund body EPFO trustees' decision, the Finance Ministry lowered interest rate on PF deposits to 8.7 per cent for 2015-16, evoking strong protest from trade unions that dubbed the move as 'anti-labour'.

Pattern to school toilets built by corporates: VIP seats, business areas get more attention
Sun, Apr 24, 2016

Lone Mercedes-Benz toilet is in Goa CM’s home turf, 25 by Toyota Kirloskar in Varanasi, 252 by Infosys in Bhubaneswar where it plans a second campus

Provident fund: Protests force govt to ease rules it tightened
Wed, Apr 20, 2016

In February, the ministry had issued a notification restricting 100 per cent withdrawal of provident fund by members after unemployment of more than two months, among others.

Unorganised workers’ identification number: U-WIN may lose out to Aadhaar
Tue, Apr 19, 2016

The mandate of U-WIN or the unorganised workers’ identification number criss-crosses with that of Aadhaar’s and would lead to unnecessary duplication of work already being done under the ambit of the latter project, say govt sources.

Generation of jobs in 8 key sectors hit six-year low in 2015
Fri, Apr 15, 2016

Employment had increased by over 1.34 lakh in July-September 2015, had declined by 43,000 in April-June and risen by 64,000 in January-March.

Swachh Vidyalaya Abhiyan: TCS, Mahindra account for 80% of completed toilets by India Inc
Wed, Apr 13, 2016

As on March 1, 2016, the Mahindra Group had constructed 1,171 toilets while Tata Consultancy Services had completed 1,509 toilets.

Panama Papers: Arun Jaitley warns of sleepless nights for illegal firms
Fri, Apr 08, 2016

Govt group to review Panama Papers holds first meeting.

Fiscal consolidation: State finance secys to meet on Monday
Thu, Apr 07, 2016

The proposed committee will look into whether fiscal expansion or contraction should be aligned with credit contraction or expansion in the economy.

DBT mission plans widening scope to all subsidy schemes
Mon, Apr 04, 2016

The progress of DBT implementation will be monitored through e-Samiksha portal of the Cabinet Secretariat.

Explain shortfall in direct tax mop-up: Hasmukh Adhia to CBDT
Thu, Mar 31, 2016

Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes chairman Atulesh Jindal seeking an explanation for a likely shortfall in direct tax collections in 2015-16. This comes after the government had sharply lowered its direct tax target for 2015-16 by Rs 45,974 crore in the Union Budget last […]

Debt Market Reforms: Rising interests may upset govt’s fiscal math
Tue, Mar 15, 2016

Despite the government sticking to its fiscal deficit target of 3.5 per cent and maintaining the gross borrowing at Rs 6 lakh crore for the next financial year, interest payments on public debt are estimated to rise in 2016-17.

Govt borrowings: FinMin to meet with RBI on March 18
Fri, Mar 11, 2016

The net borrowing has been targeted at Rs 4.25 lakh crore for the next financial year.

Private placement: RBI plan gets FinMin backing
Fri, Mar 11, 2016

Bond will be issued by electricity distribution companies as non-SLR grade.

Lower tax penalty: Litigation may reduce, but grey areas remain
Tue, Mar 08, 2016

The Centre has decided to lower the maximum penalty rates to reduce the high rate of tax litigation, but experts feel that discretion of assessing officer is one of the important areas that go unattended.

Post-GST rollout, govt to levy cess sparingly: Hasmukh Adhia
Thu, Mar 03, 2016

Revenue Secretary Hasmukh Adhia said levy of cesses will be sparingly done after the goods and services tax (GST) is rolled out.

Long-term capital gains: Govt to review next year
Thu, Mar 03, 2016

In his Budget speech on Monday, Finance Minister Arun Jaitley said GAAR will be implemented from April 1, 2017.

Strategic Disinvestment: PSU sell-offs to be monitored by external body
Wed, Mar 02, 2016

Niti Aayog has been given the responsibility of identifying state-owned companies for stake sales.

Budget 2016: Lower corporate tax at 25% for new mfg units
Tue, Mar 01, 2016

The reduction in corporate tax rate has to be calibrated, Jaitley said, adding that the benefits from phasing out of exemptions are available to government only gradually.

Budget 2016 | Undisclosed asset declaration: Window for domestic taxpayers
Tue, Mar 01, 2016

The window under this Income Disclosure Scheme will be opened from June 1 to Sept 30, 2016.

Budget 2016: CPSEs to monetise idle assets; Disinvestment Dept renamed
Tue, Mar 01, 2016

Over half of disinvestment target for 2016-17 is estimated to come from minority stake sales of PSUs

Aadhaar gets statutory status; Centre to bring Bill in two days
Tue, Mar 01, 2016

The Centre is set to introduce the Aadhar Bill in Parliament over the next couple of days to give the platform a statutory backing.

Down to the wire, Finance Minister to meet economists
Thu, Feb 25, 2016

A market expert said that the meeting could be linked to a possible rise in the fiscal deficit numbers as foreign institutional investors have turned nervous over the last few trading sessions.

Corporate tax exemption cuts may start with SEZs
Wed, Feb 24, 2016

Though the basic rate of corporate tax is 30 per cent, the effective rate is lower at around 23 per cent because of incentives for taxpayers.

States raise red flag on Centre’s move to monitor funds online
Fri, Feb 19, 2016

The upcoming Budget is likely to feature an announcement on rolling out the system across all states by the next financial year.

BharatNet project: Despite push, need right course for ‘right-of-way’
Wed, Feb 03, 2016

Lack of clarity on ironing out hurdles in acquiring right-of-way is a major glitch in Centre’s broadband connectivity programme.

Govt may sell stake in three blue chip firms to raise funds
Sat, Jan 30, 2016

SU-UTI currently holds 11.66 per cent in Axis Bank, 11.27 per cent in ITC Ltd and 8.18 per cent in L&T.

Breather for small taxpayers: Proposals could be incorporated in Budget ’17
Fri, Jan 29, 2016

Suggestions include raising TDS threshold, halving its rate to 5% and eliminating officer’s discretion with regard to treatment of capital gains on share’ trading.

Govt to allow Google, Microsoft pilots to expand Internet reach
Sun, Jan 31, 2016

However, the final approval for projects such as Google’s Loon and Microsoft’s White Spaces would be subject to these projects being deemed as consistent with India’s broader security requirements.

National Optical Fibre Network Rollout: Centre’s nod to some states going solo, bid to push rollout
Wed, Jan 13, 2016

With the NOFN rollout facing hurdles, especially right-of-way issues, the idea of states implementing their share has been welcomed by the Centre, and has the ability to speed up the ambitious project.

India Post posts profits on e-commerce boom
Mon, Jan 11, 2016

In August 2015, the Reserve Bank of India had granted in-principle approval to 11 applicants to set up payments banks, including India Post.

Digital India will take off on the strength of call centres in small towns: Ravi Shankar Prasad
Mon, Jan 11, 2016

Prasad is now focussed on turning around two state-owned enterprises — telecom utility Bharat Sanchar Nigam Ltd and India Post.