Aanchal Magazine

Profile

Focus on reforms more crucial than chasing certain growth number, says Raghuram Rajan
Mon, Jul 18, 2016

The RBI Governor, who will return to academia after his term ends in September, talks about economic policies and expansions in an interview

Raghuram Rajan: Should focus on structural reforms, not get fixated with growth numbers
Mon, Jul 18, 2016

RBI Governor Raghuram Rajan on India's growth, need for reforms, and the challenges ahead.

Interview With ILO Director-General: India’s success vital for End of Poverty initiative to succeed
Tue, Jul 12, 2016

ILO Director-General Guy Ryder, who was on a five-day visit to India, predicts that despite the government redoubling its manufacturing push, the sector in India is unlikely to end up on the lines of the Chinese one.

Hinterland thrust and rural schemes major drivers for employment generation: ILO
Mon, Jul 11, 2016

Decline in India’s female labour force participation rate an area of concern.

Household expenditure on services & durable Goods: Travel & communication biggest burden across India
Fri, Jul 08, 2016

An NSSO report shows that expenditure on travel & communication take away most of India’s household budget.

Post Monetary Policy Committee formation, FinMin plans to set inflation goals for next five years
Tue, Jul 05, 2016

Under the current system, the Governor has overriding powers to accept or reject the recommendations of the RBI panel on monetary policy.

FinMin moves Cabinet note on new norms for NBFCs under auto route, hybrid FDI instruments
Tue, Jul 05, 2016

India’s FDI inflows in 2015-16 had increased to record $55.46 billion as against $45.15 billion in 2014-15 and $36.04 billion during 2013-14.

Income Tax department to PM Modi: Let’s begin taxing agricultural income
Sat, Jul 02, 2016

Agricultural income claims of over Rs 1 crore under scrutiny, suspected route for unaccounted money

Excise duty on jewellery: Registration deadline for jewellers extended till July 31, says CBEC
Sat, Jul 02, 2016

Also, the circular said that jewellers can settle the excise dues for March-May along with that of June payments by July 31.

Pradhan Mantri Kaushal Vikas Yojana data till april 25: Of 17.58 lakh candidates skilled, 81,978 get placed
Mon, Jun 27, 2016

Ministry cites ‘incomplete data’ as primary reason for low placement numbers.

‘I will spend 60 per cent of the time in DDCA, 20 per cent at NIFT and 20 per cent in my business’, says Chetan Chauhan
Sat, Jun 18, 2016

Chauhan, who is the DDCA vice-president and a senior BCCI official, runs a cricket academy and owns a printing press.

Unorganised sector workers may come under EPFO cover
Sun, Jun 12, 2016

The move comes at a time when the government is redoubling efforts to push NPS and bring it on par with EPF.

Need to improve our delivery system for those working with a firm for short-term: VP Joy
Tue, Jun 07, 2016

We are shifting all our accounts to one central place and this will be completed in two weeks. After that, anywhere in the country, people will be working on the central computer system, says VP Joy

Mandatory local sourcing: Finance and Commerce ministries not on same page over ‘cutting edge’
Wed, Jun 01, 2016

Relaxation for Apple may set a precedent for other Chinese smartphone makers seeking waiver.

‘Apple did not justify enough to get exemption from mandatory local sourcing’
Fri, May 27, 2016

Not just Apple stores: Other companies such as Chinese smartphone makers Xiaomi and LeEco have also sought exemption from the local sourcing norms

Quarterly employment survey: Govt to initiate field work by month-end, figures expected by August
Tue, May 24, 2016

The survey will include 18 sub-sectors under eight main sectors of manufacturing, construction, trade, transport, education, health, accommodation and restaurants and IT/BPOs, bringing the unorganised sector under its ambit.

Back-series data on GDP will now be released by mid-June
Thu, May 19, 2016

The delay in release of the back-series has primarily been on account of difficulty in sourcing of data for companies for years prior to launch of MCA21 database, a senior government official said.

Additional levy on operational blocks: Coal-bearing states, govt in tussle over transfer of funds
Mon, May 16, 2016

According to the Coal Controller’s office, the total amount of additional levy deposited till March 2016 in the central government’s account was Rs 6,149.64 crore.

Won’t allow any transition period in case of GAAR: Govt
Sun, May 15, 2016

Revenue secy says explanatory notes can be given to avoid unnecessary undue harassment to people

Mauritius treaty gives India right to tax capital gains on unlisted shares too: Hasmukh Adhia
Sat, May 14, 2016

The amended tax treaty with Mauritius will give India the right to tax capital gains arising out of share sale/transfer of unlisted companies as well, while debt instruments such as debentures and derivatives will be taxed in the resident country i.e. Mauritius, revenue secretary Hasmukh Adhia said on Friday. In an interview to Aanchal Magazine […]

India, Mauritius to tax fee for technical services through new article in pact
Fri, May 13, 2016

Even the foreign companies earning FTS (fee on technical services) from India used to avoid paying tax in India taking benefit of the beneficial provision of the treaty.

Panel on FRBM: Finance ministry, state representatives to be on board
Sat, May 07, 2016

Last month, the then Finance Secretary Ratan Watal had said that the views of states had been sought for the FRBM committee as states are the majority stakeholders in the process.

There are just 18,359 (taxpaying) crorepatis in India
Tue, May 03, 2016

Consumption and spending data for the year, especially of luxury products, shows how deceptive these numbers may be and blows holes in the government’s official estimate of the number of taxpayers.

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.