Sunday, May 24, 2015

SURABHI

Profile

Training for skills from Class IX is new plan
Fri, May 22, 2015

The policy also focuses on imparting vocational training to school dropouts and enhancing the social status of such workers.

NPS revamp Panel for removing cap on equity, suggests new asset classes
Fri, May 22, 2015

The NPS has cumulative assets under management worth Rs 83,917.12 and 91,21,588 subscribers by April 30, 2015.

Take-home salary to take a hit after changes in PF Act
Thu, May 21, 2015

Ministry for deduction of provident fund on house rent, gratuity, other allowances along with basic wage.

Centre may soon start printing rupee on Made in India paper
Wed, May 20, 2015

India imports paper largely from countries including Germany, Japan and the UK though the ink for printing of currency notes is procured domestically.

Industrial production Numbers: Divergent data, mixed signals
Tue, May 19, 2015

While IIP data pegs growth at 2.8% in FY15, advanced estimates of national income shows a 6.8% growth.

Won’t clear FDI in multi-brand retail, says commerce minister Nirmala Sitharaman
Fri, May 15, 2015

The BJP, which has a strong support base of small traders, had vehemently opposed the UPA government’s move to allow 51 per cent FDI in the multi-brand retail sector.

‘Due to problems of poverty, children allowed to help parents after school’
Thu, May 14, 2015

Bandaru Dattatreya stressed that NGOs and social activists have approved the provisions that would allow children less than 14 years of age to only help in family and home enterprises, after school hours.

Likely to extend 350 bn yen of soft loans over next few years
Wed, May 13, 2015

Applauding the Indian government’s efforts at improving ease of doing business, Shinya Ejima, chief representative, JICA India office in an interview that the agency is looking at a range of projects in India.

Child labour rules likely on Cabinet agenda
Tue, May 12, 2015

The proposed amendments seek to bar children between ages of 14 and 18 years, who will be termed as “adolescent” from working in hazardous sector.

Factory law to consider new workplace realities
Mon, May 11, 2015

This was one of the key issues on which the Standing Committee on labour had sought a review of the Bill.

Tripartite panel to review industrial relations code
Fri, May 08, 2015

Code seeks to merge 3 Central labour laws, allow easier closing down norms.

Plan on PDMA likely by year end
Fri, May 08, 2015

Arun Jaitley had in the Budget 2015-16 that he presented on February 28 proposed setting up the PDMA by the end of the fiscal.

Small Factories Bill to be taken up by Union Cabinet next week
Thu, May 07, 2015

The Bill is now expected to be introduced in Parliament in its Monsoon session, missing the ongoing Budget session.

Producing states still apprehensive about sales tax compensation: KM Mani
Thu, May 07, 2015

State FMs are scheduled to meet in Thiruvananthapuram on May 7 and 8 to discuss the further modalities of the goods and services tax.

Interest subvention: FinMin may seek extra Rs15,000 cr
Wed, May 06, 2015

The Budget 2015-16 had allocated Rs13,000 crore to the scheme, under which banks extend short-term loans of up to Rs3 lakh to farmers at an interest rate of 7 per cent.

Labour reforms: On track, but tough job ahead
Wed, May 06, 2015

Niggling procedural hassles stymie efforts to modernise antiquated labour regulations.

House panel questions NITI role in state fund allocation
Tue, May 05, 2015

In the Union Budget 2015-16, the finance ministry had allocated Rs 20,000 crore to NITI Aayog under a new Budget line for Special Assistance to States.

Foreign contributions to National Skill Development Fund exempted from FCRA
Thu, Apr 30, 2015

The exemption is expected to help more funds come in for skill development as the government looks to train nearly 11 crore workers by 2020.

FinMin to encourage mobile payments to curb cash use
Wed, Apr 29, 2015

The government is also looking into incentivising banks for promoting transactions through credit and debit cards.

States have funds, don’t have a plan
Tue, Apr 28, 2015

Centre parts with 42% of its resources, but states neither spend nor consolidate.

Rajiv Pratap Rudy: The moment you deviate from the existing BJP leadership in Bihar, it would collapse
Sun, Apr 26, 2015

Rudy speaks about his plans for creating a skilled workforce, the challenges for BJP in the Bihar Assembly elections and the role caste arithmetic has long played in the state.

Fund crunch pushes new job survey plan to the back burner
Fri, Apr 24, 2015

The ministry estimates that the exercise requires about Rs 90 crore.

Below-normal monsoon to dampen hopes of faster economic revival
Thu, Apr 23, 2015

IMD’s prediction could now pose a challenge to the government’s hopes of a rebound in the economy this year and a targeted GDP growth of anywhere between 8% and 8.5% in 2015-16.

Amid RBI concerns, FinMin gears up for debt management office by next year
Tue, Apr 21, 2015

The proposed agency would take over key functions of the RBI and be responsible for managing the debt, cash and contingent liabilities.

Job growth falls, down to lowest in 3 quarters
Fri, Apr 17, 2015

Despite tapering, service industries like IT-BPO and textiles generated largest number of jobs in more than a year, hiring 89,000 and 79,000 respectively.

Labour ministry’s reform rewrite: ‘inspector’ will now be ‘facilitator’
Thu, Apr 16, 2015

If the employer complies with the direction within such period, the facilitator shall not initiate prosecution proceedings.

Crop loss: FinMin to revamp subvention scheme for FY16
Wed, Apr 15, 2015

The new scheme, which is likely to target small farmers by tapping into the direct benefit transfer system, is likely to be launched by July.

LabourMin proposes uniform wage definition in new code
Mon, Apr 13, 2015

The labour ministry has also sought comments on the draft code by April 20.

Government working on proposal to skill household help
Sun, Apr 12, 2015

Framework to have an universal approach to train people easily.

Moody’s positive rating validates Centre’s reform agenda: Arvind Subramanian
Thu, Apr 09, 2015

"It confirms the fact that growth and macro-economic prospects of the country are improving," said the CEA.

PSBs roped in to breathe new life into KVPs as scheme fails to generate investor interest
Wed, Apr 08, 2015

Gross collections for KVP were as high as Rs 21,631.16 crore in 2010-11, which was the year before it was discontinued.

FinMin considers clubbing MFI & MUDRA Bank Bills
Mon, Apr 06, 2015

The Micro Units Development Refinance Agency (MUDRA) Bank Bill will now give finality to the plan for regulation of the sector.

Personal Finance: Social security boost: Range of new pension, insurance schemes on anvil
Mon, Apr 06, 2015

The finance minister has already held one round of meeting with public sector banks on the launch of insurance schemes.

Draft bilateral investment pact keeps tax disputes, contracts out of arbitration
Fri, Apr 03, 2015

The draft text has also suggested barring both the disputing parties from expropriating or nationalising any investment.

EPFO may finally venture into equities via ETF route
Wed, Apr 01, 2015

The labour ministry made it clear that it would take the final call on following the new investment pattern.

Fiscal deficit expected to be marginally better than target on spectrum revenue
Wed, Apr 01, 2015

Final accounts for 2014-15 are expected to be released by the Controller General of Accounts in May 2015.