Saturday, Mar 28, 2015

SURABHI

Profile

Tripura may join NPS, only Bengal left
Sat, Mar 28, 2015

Apart from Tripura, erstwhile Left ruled states of Kerala and West Bengal too had opposed the scheme.

EPF amendments may allow workers to choose where to park retirement savings
Tue, Mar 24, 2015

The epfo’S decision making body — the Central Board of Trustees — is likely to take a call on these proposals at a meeting on March 31.

‘Competitive tax regime a must for GIFT’s success, we have proposed 3%’
Tue, Mar 24, 2015

The Gujarat International Finance Tec-City (GIFT) will be the first international finance centre in the country and will help bring in at least $50 billion annually from investments.

NDA set to revive UPA’s Public Procurement Bill
Fri, Mar 20, 2015

Plans for a law on public procurement were announced by Arun Jaitley in Union Budget 2015-16 tabled last month.

Write-offs continue to weigh on banks as recoveries lag
Fri, Mar 20, 2015

Loans that are written off require full provisioning by banks, thereby impacting their profitability.

Unused priority sector lending funds to be diverted to MUDRA Bank
Fri, Mar 13, 2015

However, the related Rs 3,000 crore credit guarantee fund for the Bank would be set up through Budgetary allocations.

Bank Board Bureau to consist of experts, one FinMin representative
Wed, Mar 11, 2015

The proposed agency would also guide banks on mergers and consolidations.

Under Atal Pension Yojana, govt to guarantee up to R5,000 cover
Wed, Mar 11, 2015

Centre to allow members to migrate from NPS Swavalamban to the new scheme.

Coordinate with SkillMin: CabSec tells ministries
Tue, Mar 10, 2015

Prime Minister had set up the ministry of skill development and entrepreneurship to impart vocational training across India.

‘We’re streamlining subsidies, making them leakage proof’
Mon, Mar 09, 2015

Finance, Jayant Sinha talks about the challenging task of rolling out goods and services tax by April 1, 2016.

Major banks will soon reduce rates, others to follow: Sinha
Fri, Mar 06, 2015

The Reserve Bank of India had on Wednesday cut the repo rate by 25 basis points, following up on a similar cut in January this year.

EPF to NPS switch: Legislation on the way
Thu, Mar 05, 2015

At present, companies can open NPS accounts for their workers or individuals can open independent accounts under the scheme, but these contributions are over and above the mandatory deductions for the EPFO.

‘Govt is giving a one-time chance to come clean on black money’
Wed, Mar 04, 2015

The proposed law on black money will allow the tax authorities to attach domestic property of equal value.

Small sell-offs from Apr; Strategic sales policy in few months
Wed, Mar 04, 2015

Approvals are in place for a number of stake sales of smaller public sector companies, and for larger companies in the metals space.

Majority of R100-cr schemes in previous Budget still ‘works in progress’
Mon, Mar 02, 2015

A report on Budget implementation reveals that 17 Rs 100-cr projects are still to be rolled out.

Old tax sops won’t apply on new DR instruments
Mon, Mar 02, 2015

It is also silent on tax provisions for new asset classes in the scheme.

Bringing tax down while pruning sops may raise corporate burden
Mon, Mar 02, 2015

At present, on the back of exemptions & deductions, actual tax rate is 23.22%.

E-comm biz with ‘aggregator models’ now to be taxable
Mon, Mar 02, 2015

This means companies like TripAdvisor, who act as aggregators, will have to pay the service tax, Mishra explained.

Tax sops to factories for hiring at least 50 new workers
Sun, Mar 01, 2015

The provision is at present available only to firms that employ 100 new workers in a fiscal.

Banking on Mudra for SMEs
Sun, Mar 01, 2015

Bank to lend to set up SMEs, encourage entrepreneurship among SC/STs, OBCs.

Budget opens up more choices for employees
Sun, Mar 01, 2015

In a major rejig in retirement savings, workers will have a choice on whether to invest in the EPF or the National Pension System.

New glitter for gold
Sun, Mar 01, 2015

Jaitley proposed “to commence work on developing an Indian gold coin, which will carry the Ashok Chakra on its face”.

With stats in its favour, Centre to spend its way to growth
Sun, Mar 01, 2015

Fiscal deficit goalposts shifted; focus on PSU capex, channelling public savings.

On previous Budget promises, Centre’s glass is half empty, half full
Fri, Feb 27, 2015

Many announcements from the Budget presented on July 10 have been implemented such as Swachh Bharat, financial inclusion and an expenditure management commission.

Govt to focus on creating skill set-ready workforce for ‘Make in India’ success
Thu, Feb 26, 2015

Under the plan being finalised, the ministry would largely target school drop outs for skilling.

‘There is no serious problem for the Centre on fiscal deficit’
Wed, Feb 25, 2015

The Centre should not have much difficulty in meeting its fiscal consolidation plan as the actual increase in tax devolution to states is only 3 to 4 per cent, said M Govinda Rao.

NDA’s spending push to leverage PSU balance sheets as private spends tepid
Fri, Feb 20, 2015

PSUs asked to hike IEBR projections, could enable Centre walk fiscal tightrope.

FinMin: All Central schemes should adopt DBT from April
Wed, Feb 18, 2015

There are 66 CSS schemes implemented by the Centre and states and more than two dozen Central sector schemes that would now be included under DBT.

Soon, annual survey of services sector to mine more data
Wed, Feb 18, 2015

The exercise was based on the frame using the data of the Economic Census 2005 of the non-manufacturing, non-farm sector.

Centre to review Factories Bill after union consultations
Mon, Feb 16, 2015

The move comes after the Standing Committee in its report suggested a rethink on many of the amendments.

‘GST roll-out by 2016 is too ambitious a target’
Sun, Feb 15, 2015

M Govinda Rao, NIPFP and member, 14th Finance Commission believes that the government needs to cut down wasteful expenditure.

Jan-Dhan accounts get overdraft facility
Sat, Feb 14, 2015

The loan amount would be either four times the average monthly balance or 50 per cent of credit summations in six months.

Achhe din: New GDP series boosts growth, lowers inflation
Thu, Feb 12, 2015

Inflation in manufacturing has tended to be lower than for other sectors.

New factory data method reason for growth spurt
Wed, Feb 11, 2015

The CSO has moved from the ‘establishment’ approach to the ‘enterprise’ approach while collecting manufacturing sector data.

Centre may enhance Sec 80C investment limit by R20-50K
Tue, Feb 10, 2015

Announcement likely in Union Budget if proposal passes muster.

BJP-ruled Goa slams Centre’s move to dilute Factories Act
Mon, Feb 09, 2015

Substitution of hazardous ‘process’ with ‘substance’ faces flak.