Articles By Surabhi

Gold monetisation: Deposits above threshold to attract penalties

Gold above prescribed threshold ‘need not be seized by tax authorities, but the tax penalties, as applicable will be levied’: FinMin.

India likely to raise tax evasion issue at UN meet

Prime Minister Narendra Modi is scheduled to attend the UN Sustainable Development Summit as part of his second visit to the United States.

Gujarat to review policies on tax, new business set up

Gujarat had received overall top ranking in the report by the World Bank and the Department of Industrial Policy and Promotion that was released last week and had implemented 71.14 per cent of all business reforms.

EMC to table report by September end

The first one is due very soon while the other two will be submitted by January,” said a person familiar with the development, adding that its recommendations would be included in the Union Budget 2016-17.

Mis-selling of financial products: A safety net in the works

A government-appointed panel has suggested full disclosure of risks in an easy language, nominal surrender costs for products and flexible exit options.

LabourMin plans health & occupational safety regulator for factories

Soon after taking office, the NDA government had begun reviewing the Independence-era Factories Act, 1948 and had introduced the Factories (Amendment) Bill, 2014 in Parliament in August last year.

Falling prices due to global commodity slump is not deflation: Pronab Sen

Pronab Sen said that the divergence between WPI and retail inflation would gradually equalise.

Financial Reforms: Debt management agency on the backburner, unlikely this fiscal

The proposal to set up an independent debt management agency has been announced by successive finance ministers and it was taken up by finance minister Arun Jaitley in this year’s Union Budget in February.

Centre calls on vendors to discuss technicalities

September 18 meeting will focus on cost, specification and security issues

New rules open doors for start-ups, venture, infra funds

The NPS for the unorganised sector has assets under management of Rs 684.23 crore while the corporate sector NPS has a corpus of Rs 6,860 crore as on August 31, 2015.

India Inc petitions govt: From land laws to levy, ease it all

Corporates along with CII, Ficci and PHD Chambers have made recommendations to improve ease of doing business in India.

EPFO trustees to review low-cost housing plan

At present, subscribers with less than 12 months of services are eligible to a maximum sum of Rs 1.2 lakh.

CSO working on overhaul of macro-economic indices

About 450 items would be included in the IIP basket as against 399 in the current series and data from at least eight factories per item would be collected to ensure lesser volatility.

Minimum wage not in sync with turf realities

According to the formula, the per day expenditure of such workers is estimated at Rs 211 per day or Rs 6,330 per month.

Bharat bandh: Violence, arrest, chaos; one-day strike a ‘grand success’

With Labour Minister Bandaru Dattatreya and Labour Secretary Shankar Agarwal away to attend the G-20 labour minister's conference, the labour ministry remained silent on the impact of the strike but trade unions leaders have termed it a “grand success”.

In absence of Plan Panel: FinMin advances its yojana for the budget

Significantly, the government has also finalised its team of key officials who would be responsible for the Union Budget 2016-17.

At 7 per cent growth, economic recovery still a way to go

While this is much higher than the 6.7 per cent growth clocked in the first quarter of 2014-15, it is muted compared to the 7.5 per cent growth in the January to March quarter of last fiscal.

Oil price slide likely to cushion shortfall from disinvestments

The finance ministry is banking on these savings to meet any shortfall in revenue from stake sales in public sector units that is necessary to meet the fiscal deficit target.

Q1 growth likely to be at 7.2-7.5%, miss expectations

Initial indications reveal that growth remains on the same footing as the last quarter, if not lower.

Child Labour Act: Reading between the lines

The proposed amendments that were cleared by the Union Cabinet in May this year seek to completely bar children less than 14 years from working in any sector, barring entertainment industry.