Tag: economy
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Special Day for Taxpayers
(Deepshikha Gautam, Intern Journalist) New Delhi: Today, 13 August 2020, is special for the honest taxpayers of the country. Prime Minister Narendra Modi launched the ‘Transparent Taxation Honor of Honesty’ program. The PM said that this will improve our tax system and will further strengthen efforts to simplify it. This will be the direction to…
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Gadkari said- Focus on quality exporter
(Deepshikha Gautam, Intern Journalist) New Delhi: Union Minister of micro, small and medium enterprises Nitin Gadkari on Tuesday emphasized that on technology updates, and competitive costs, saying that exporters should focus on doubling garments exports. Addressing a meeting of the Apparel Export Promotion Council online here, Gadkari said that to make a place in the…
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Reliance joins top 100 major companies in the world
(Deepshikha Gautam, Intern Journalist) New Delhi: Reliance Industries, led by billionaire businessman Mukesh Ambani, jumped 10 places to join the top 100 companies in the ‘Fortune Global 500’ list. Fortune magazine released this list on Tuesday. Reliance which operates in sectors such as oils, petrochemical, retail and telecommunications, has been ranked 96th in Fortune’s 2020…
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If you take advantage of Moratorium, then
(Deepshikha Gautam, Intern Journalist) New Delhi: If borrowers affected by the covid-19 epidemic avail of the EMI moratorium scheme, they may find it difficult to transfer loans. Bank may reject loan transfer applications in view of the capital crisis of the customer. According to Bankbazar.com customers often transfer long term loans like home loans to…
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Modi or Manmohan – whose economic performance is better?
(Riya Singh, Intern Journalist): According to the latest survey, the majority of Indians now no longer believe that the Modi government’s economic performance is ‘better’ than that of the Manmohan Singh-led UPA government. As per the survey report, the majority of respondents opined that the economic performance of the present government is ‘at par’ with the earlier Congress-led governments.…
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ISF seeks changes to draft wage rules
(Riya Singh, Intern Journalist): The Indian Staffing Federation (ISF) has sought changes in the labor ministry’s proposed draft wage rules, saying these may be disadvantageous for gig workers and other part-time workers. The ISF has suggested that the government allow the option to use digital platforms for all communications instead of just physical display. According…
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Labour Ministry could widen the scope of gratuity
(Riya Singh, Intern Journalist): The labor ministry may widen the scope of gratuity to include contract workers, gig workers, seasonal workers, and fixed-term employees by reducing the threshold on the minimum work requirement of five years to be eligible for it and reducing the component of gratuity for different categories of workers. The various options…
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Smooth execution without technical glitches critical for GST filing
(Riya Singh, Intern Journalist): Smooth execution sans technical glitches is critical for the revamped and simplified goods and service tax (GST) return filing system, said, experts. They batted for adequate testing of the new facility by GST Network before its proposed roll-out in September. The rollout of GST in July 2017 subsequently saw several glitches…
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India’s economy is slowly recovering
(Riya Singh, Intern Journalist): The pace of economic recovery improved during the previous week on account of divergent trends in indicators like mobility and employment, according to a Nomura note on Monday. The Nomura India Business Resumption Index (NIBRI) increased to 71.8 in the week ending August 9, after being stuck around the 70 marks…