The latest data compiled by the Department of Personnel and Training (DoPT) on recruitment over the last three years through the main agencies show a declining trend in selection and recruitment, from 1,13,524 cumulatively in FY2015 to 1,00,933 in FY2017.
With the sliding compliance rates becoming a concern under GST, the taxmen are now looking at the scope of monitoring radio frequency identification device (RFID) tags nationwide along with the existing e-way bill system, three senior government officials said.
The six-member ministerial panel formed to look into issues being faced by MSMEs under GST will meet before the Council meeting on January 6 to finalise its recommendations, a government official said.
The Bill, tabled in Lok Sabha in August 2017 and subsequently referred to the Standing Committee, will provide for minimum wage applicable to all employments covering organised as well as unorganised sectors.
Jaitley, in a Facebook post, criticised the Congress legacy of 31 per cent indirect tax, terming the pre-GST regime as the “worst indirect tax” system in which 17 taxes were levied with the standard rate at 31 per cent.
Further rate rationalisation, especially for the beleaguered construction sector, including a rate cut on cement and under-construction properties, are in the offing in January, just before the country will head towards the general elections.
In new GDP back series data, average growth during UPA regime is down from previous estimates while growth during NDA is pegged higher than during UPA. Why do findings differ from one report to another?
A rupee per litre cut in excise duty leads to a revenue loss of about Rs 14,000 crore a year to the Centre. Any hike in excise duty on petroleum products, however, would mean full transition to consumers in terms of higher retail prices.
With the series of revisions, the enrolment numbers for September 2017-March 2018 now stand at 29.77 lakh, 24.4 per cent lower than the first estimate of 39.35 lakh (as per government release dated May 25).
Srivastava attributed the recent revisions in EPFO enrollment data to the attritions getting reported with a lag, adding that they never “talked about job creation” and that EPFO data should be instead seen as a proxy for formalisation.
While the back series of GDP is expected to be released this month, a national-level data warehouse for all official statistics from MoSPI and administrative schemes is expected to be prepared within next six months.