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Monday, July 16, 2018

Aanchal Magazine

Profile

‘We used surveys and data on consumption pattern to legalise recreational cannabis’: Chief Statistician of Canada
Mon, Jul 16, 2018

Chief Statistician of Canada Anil Arora speaks on the crucial role of statistics and data in the formulation of policy decisions such as the one regarding recreational cannabis, as well as on the need to base decisions on good evidence.

I-T searches Yogendra Yadav family hospitals, he says my politics is reason
Thu, Jul 12, 2018

Responding to these claims, Yogendra Yadav told The Indian Express: “Whatever was found during the raid is for the hospital authorities to explain. I raised my voice because they are being punished for my actions.”

EPFO data government cited to show job surge is now down
Fri, Jul 06, 2018

EPFO manages social security funds of workers in the organised/semi-organised sector in the country. EPF is applicable to establishments with more than 20 workers.

Employment: Government to launch enterprise-level survey in August
Wed, Jul 04, 2018

The government is looking at various data sources and has started releasing enrolment data for Employees Provident Fund Organisation (EPFO) as an indicator. As per latest data, 41.26 lakh enrollments were recorded in the EPFO database for Sept 2017-April 2018.

Hasmukh Adhia: ‘Stable e-way bill system, new IT infra, small changes in GST law to be priorities in 2nd year’
Wed, Jun 27, 2018

He said natural gas and ATF are “two easier candidates for inclusion” under GST, but the timing will have to be determined by the GST Council. Edited excerpts:

EPFO net payroll enrolment revised down to 3.44 mn
Tue, Jun 26, 2018

Though the members’ data above are linked to Aadhaar, the estimates may include temporary employees whose contributions may not be continuous for the entire year, the EPFO had earlier said in its footnote for the data.

Next on agenda: Easier filing, bringing in petroleum items under GST
Sun, Jun 24, 2018

The initially proposed features of GST — reverse charge mechanism, where the tax liability lies on the buyer in case of unregistered seller and tax deduction at source/tax collected at source are in limbo but may come into force in the second year of GST.

India slaps higher import duties on steel, agri products in retaliation to US tariff hikes
Fri, Jun 22, 2018

With Trump administration increasing import duties and initiating trade war with various countries including India, the Indian government on Wednesday slapped higher duties on a number of items.

Simply Put: How India, US duties trade off
Fri, Jun 22, 2018

India has hiked duty on 29 kinds of goods imported from the US, following a similar move by the US on what it imports. What are these goods, and how much extra duty has India targeted with its move?

Interview with CBIC chairman: ‘70-80 per cent GST issues resolved, revenue buoyancy likely soon’
Wed, Jun 20, 2018

Vanaja N Sarna said that her team did its best to manage the transition after the GST rollout.

GST Amendments: Changes to include RCM, return filing, refund on exports
Sun, Jun 17, 2018

At present, the Central GST (CGST) Act defines RCM as the provision where the registered recipient of goods and/or services is liable to pay GST instead of the unregistered supplier.

Measuring Economic Development: Data points undergo changes in 4 yrs
Sun, Jun 10, 2018

GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years.

PM Rojgar Protsahan Yojana: Government adding 5.5 lakh beneficiaries a month under scheme
Sat, Jun 09, 2018

“We are getting a very positive response so far from the scheme with addition of 5.5 lakh workers under the PMRPY scheme in a month. At this rate, for the whole year, we are likely to add 66 lakh workers,” a senior labour ministry official said. 

CBIC okays Rs 2,500-crore refunds to exporters
Thu, Jun 07, 2018

The amount sanctioned so far is almost 18 per cent of the total Rs 14,000 crore of pending refunds estimated by the government.

Govt incentive: Tax informants can get up to Rs five crore reward
Sat, Jun 02, 2018

According to the department’s announcement, the ‘Income Tax Informants Reward Scheme’ too has been amended, under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India, which are actionable under the Income-tax Act, 1961.

Provisional estimates: Good rabi crop, uptick in factory output lift GDP up to 7.7%
Fri, Jun 01, 2018

The country had recorded GDP growth of 7.1 per cent in the previous financial year (2016-17). Growth is projected to rebound to 7.5 per cent this year.

‘Special refund fortnight’ from May 31 to clear exporter dues
Wed, May 30, 2018

While government officials estimated the pending amount of refunds to be about Rs 9,000-10,000 crore, industry body Federation of Indian Export Organisations (FIEO) has pegged the amount to be a much higher Rs 20,000 crore.

Mop up from levies on petroleum products: Centre’s collection up 57% at Rs 1.97 lakh crore in Apr-Dec FY18
Wed, May 30, 2018

The contribution of taxes and duties on crude and petroleum products for states rose 18.1 per cent to Rs 1.89 lakh crore in 2016-17 from Rs 1.60 lakh crore collected in 2014-15.

Four years of Modi government — Finance, Part II: GST on course, noose on black money tightened
Wed, May 23, 2018

Initially proposed features – reverse charge mechanism, invoice matching, tax deduction at source – still in limbo.

Scheme for construction workers: Draft proposes Rs 1K pension, Rs 5L health cover per family
Thu, May 17, 2018

As per the draft scheme, construction workers will be entitled to monthly pension of Rs 1,000 after 60 years and scholarships of Rs 3,000 per year for two children studying in class 9 to 12 and Rs 12,000 per year for children studying in ITIs, vocational courses, graduation and professional courses.

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