Aanchal Magazine

Articles By Aanchal Magazine

Labour Code Bill decoded

What are the changes in The Industrial Relations Code Bill, 2019, approved by the Union Cabinet this week? Why has industry welcomed it, and what are the issues that its critics have flagged?

Skills study: Over next 5 years, just 1 in 5 entrants to labour force a woman

While the NSO’s Periodic Labour Force Survey (PLFS) 2017-18 had estimated female labour force participation rate for 15 years and above at 23.3 per cent, the comparative numbers of other countries highlight the labour market’s gender skew.

Factory output contracts again, falls to lowest in six years

This is the lowest level since the latest series (with 2011-12 base year) was released for 2012-13 onwards, whereas in the old series (2004-05 base), it had contracted by 5 per cent in October 2011.

GST: Evasion, returns and revenue boosting measures to feature at officers’ meet Monday

This will mark a first of its kind interaction between central and state tax officers, delinked from the agenda of the GST Council meeting.

Govt releases draft rules for fixing minimum wage

The draft rules also state that expenditure on fuel, electricity and other miscellaneous items to constitute 20 per cent of minimum wage and expenditure for children’s education, medical requirement, recreation and expenditure on contingencies to constitute 25 percent of minimum wage.

Goods and Services Tax: Centre planning cap on number of invoices for new registrants

The cap on the number of invoices will be in line with the annual turnover of the businesses, which could then be raised on basis of credit history, a senior Finance Ministry official said.

CGHS: Empanelled hospitals claim unpaid dues, may reassess cashless services

The Health Ministry, at the same time, is learnt to have sent a request for additional funds of over Rs 1,000 crore for CGHS in the next Budget.

Ajay Bhushan Pandey: ‘GST rationalisation can be done in many items, but rate stability is also important’

Revenue Secretary Ajay Bhushan Pandey said more needs to be done in GST: more simplified, easier to operate.

Maharashtra elections: Development spending the bright spot, agri waivers a work in progress

The slow progress on the farm loan waiver allocations could have a bearing on the government’s fiscal health.

Give us your SC/ST numbers: Govt to firms under EPFO

Through this month, regional provident fund offices have been sending out queries in a specified format to companies seeking “employment data of the proportion of SC & ST employees in total employment”.

Big-bang India Inc.entive: Historic step, will attract global pvt investment, says PM

The government further announced a rollback back of the higher surcharge on capital gains on sale of equity shares announced in this Budget for individuals, HUFs, Association of Persons (trusts).

GST rates on hotel tariff cut, pay more now for caffeinated beverages

These measures, estimated to result in a revenue loss of around Rs 1,500 crore a year, are expected to give a boost to the tourism and hospitality sectors ahead of the festive season. The decisions were taken at the Council’s 37th meeting.

Lower taxes likely to revive investment, but govt may find managing fiscal deficit tougher

When asked about the impact of the measures on the fiscal deficit, Finance Minister Nirmala Sitharaman said the government is conscious of the impact and expects the economic buoyancy resulting from these changes to generate significant resources.

Corporate tax rate slashed for domestic companies: FM Nirmala Sitharaman

"Tax concessions will bring investments in Make in India, boost employment and economic activity, leading to more revenue," said Finance Minister Nirmala Sitharaman.

Slowdown: Direct tax collections now a crawl, shrink Govt’s space to cut GST

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government’s fiscal math

Women get more Mudra jobs than men — but only in smallest loan group

Over 90% of these jobs come on account of Shishu loans which has the smallest ticket size of up to Rs 50,000, according to the Draft Report of Mudra Survey reviewed by The Indian Express.

Maharashtra gets just 4% of all Mudra loans but generates most new jobs

Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%.

Just 1 in 5 Mudra beneficiaries started new business, half of extra jobs were self-employment: Govt survey

The Mudra Yojana was launched in April 2015 to provide funding to the non-corporate small business sector through various financial institutions like banks, NBFCs and Micro Finance Institutions (MFIs).

GDP growth slides to 5%, slowest in six years; Govt says more boosters coming

Data showed that the growth has slowed down in five out of eight sectors, reflecting the widespread weakness in the overall economy.

India Inc looks to govt for stimulus, but fiscal space limited as revenue falters

The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms