Indian Economy-News & Updates
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lightoftruth
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Echo_419
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They should also highlight their efforts about solving this problem
Umm it has to clear RS first , LS was always eaSy
Revised Agreement between India and the Republic of Korea for the Avoidance of Double Taxation and Prevention of fiscal evasion taxes on income
http://pib.nic.in/newsite/erelease.aspx?relid=121296
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New Scheme for Women
Minister of State (Independent Charge) for Skill Development & Entrepreneurship Shri Rajiv Pratap Rudy has said that to cater to the needs of potential women entrepreneurs, who may not have adequate educational background and skills, the Micro, Small & Medium Enterprises Development Organization (MSME-DO), has introduced process/product oriented Entrepreneurship Development Programmes (EDPs) in areas like TV repairing, printer circuit boards, leather goods, screen printing etc. There are also several other schemes of the government like Income Generating Scheme, implemented by the Department of Women and Child Development, which provides assistance for setting up training-cum-income generating activities for needy women to make them economically independent.
In a written reply in the Lok Sabha today Shri Rudy said, the Small Industries Development Bank of India (SIDBI) has been implementing two special schemes for women viz; Mahila Udyam Nidhi which is an exclusive scheme for providing equity to women entrepreneurs and the Mahila Vikas Nidhi which offers developmental assistance for pursuit of income generating activities to women. Further, SIDBI has also taken initiative to set up an informal channel for credit needs on soft term giving special emphasis to women including training for credit utilization and credit delivery skills for the executives of voluntary organizations working for women.
Press Information Bureau
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Public/Private Institutions for Skill Development
Minister of State (Independent Charge) for Skill Development & Entrepreneurship Shri Rajiv Pratap Rudy has said that Government has setup National Skill Development Corporation (NSDC) as a Public Private Partnership entity to promote private training providers across the Country. NSDC has incubated 37 Sector Skill Councils (SSCs) which are industry led bodies intended to align the skilling efforts as per the industry’s requirement. The SSCs prescribe the National Occupational Standards (NOS) and Qualification Packs (QPs) based on which the training is imparted.
In a written reply in the Lok Sabha today Shri Rudy said, under the scheme “Up-gradation of 1396 Government ITIs through Public Private Partnership”, 1227 Government ITIs across the Country have been taken up for up-gradation. The scheme operational since 2007-08 has an outlay of Rs. 3550 crore out of which Rs. 3067.50 crore (Rs. 2.5 crore per ITIs) has already been released. Out of 1227 Government ITIs taken up for up-gradation, 1196 Government ITIs have been adopted by private companies.
The Minister said, a mid-term evaluation study has been carried out by V. V. Giri National Labour Institute, Noida in 2012 for the ITIs covered in the scheme “Up-gradation of 1396 Government ITIs through Public Private Partnership”. As per this study report, on an average 66% of the students passed out from the ITIs covered under the project, got employment in the year 2010-11 in different sectors.
http://pib.nic.in/newsite/erelease.aspx?relid=121296
---------------------
New Scheme for Women
Minister of State (Independent Charge) for Skill Development & Entrepreneurship Shri Rajiv Pratap Rudy has said that to cater to the needs of potential women entrepreneurs, who may not have adequate educational background and skills, the Micro, Small & Medium Enterprises Development Organization (MSME-DO), has introduced process/product oriented Entrepreneurship Development Programmes (EDPs) in areas like TV repairing, printer circuit boards, leather goods, screen printing etc. There are also several other schemes of the government like Income Generating Scheme, implemented by the Department of Women and Child Development, which provides assistance for setting up training-cum-income generating activities for needy women to make them economically independent.
In a written reply in the Lok Sabha today Shri Rudy said, the Small Industries Development Bank of India (SIDBI) has been implementing two special schemes for women viz; Mahila Udyam Nidhi which is an exclusive scheme for providing equity to women entrepreneurs and the Mahila Vikas Nidhi which offers developmental assistance for pursuit of income generating activities to women. Further, SIDBI has also taken initiative to set up an informal channel for credit needs on soft term giving special emphasis to women including training for credit utilization and credit delivery skills for the executives of voluntary organizations working for women.
Press Information Bureau
------------
Public/Private Institutions for Skill Development
Minister of State (Independent Charge) for Skill Development & Entrepreneurship Shri Rajiv Pratap Rudy has said that Government has setup National Skill Development Corporation (NSDC) as a Public Private Partnership entity to promote private training providers across the Country. NSDC has incubated 37 Sector Skill Councils (SSCs) which are industry led bodies intended to align the skilling efforts as per the industry’s requirement. The SSCs prescribe the National Occupational Standards (NOS) and Qualification Packs (QPs) based on which the training is imparted.
In a written reply in the Lok Sabha today Shri Rudy said, under the scheme “Up-gradation of 1396 Government ITIs through Public Private Partnership”, 1227 Government ITIs across the Country have been taken up for up-gradation. The scheme operational since 2007-08 has an outlay of Rs. 3550 crore out of which Rs. 3067.50 crore (Rs. 2.5 crore per ITIs) has already been released. Out of 1227 Government ITIs taken up for up-gradation, 1196 Government ITIs have been adopted by private companies.
The Minister said, a mid-term evaluation study has been carried out by V. V. Giri National Labour Institute, Noida in 2012 for the ITIs covered in the scheme “Up-gradation of 1396 Government ITIs through Public Private Partnership”. As per this study report, on an average 66% of the students passed out from the ITIs covered under the project, got employment in the year 2010-11 in different sectors.
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New Foreign Trade Policy
The Government of India has announced a new Foreign Trade Policy for the period 2015-2020 on 1st April, 2015. Details of the Foreign Trade Policy 2015-2020 are available at the website of the Directorate General of Foreign Trade at http://dgft@gov.in.
The important measures taken by the Government in the Foreign Trade Policy 2015-2020 to include ‘Make in India’ and ‘Digital India’ programmes to ease the trade are:
(i) Specific Export Obligation under Export Promotion Capital Goods (EPCG) scheme, in case capital goods are procured from indigenous manufacturers, has been reduced to 75% of the normal export obligation, in order to promote domestic capital goods manufacturing industry.
(ii)Under Merchandise Exports from India Scheme (MEIS), export items with high domestic content and value addition have generally been provided higher level of rewards.
(iii)For reward schemes and duty exemption schemes, hard copies of applications and specified documents which were required to be submitted earlier have now been dispensed with.
(iv)Landing documents of export consignment as proof for notified market, can now be digitally uploaded.
(v) There will be no need to submit copies of permanent records/ documents repeatedly with each application, once the same are uploaded in Exporter/Importer Profile.
(vi)For faster and paperless communication with various Committees of DGFT, dedicated e-mail addresses have been provided for various Committees, e.g. Norms Committees, Exim Facilitation Committee etc.
The Foreign Trade Policy 2015-2020 introduces two new schemes, namely, ‘Merchandise Exports from India Scheme’ (MEIS) for incentivising export of specified goods to specified markets and ‘Services Exports from India Scheme’ (SEIS) for increasing exports of notified services from India. The scrips can be used for payment of customs duty, excise duty and service tax. All duty credit scrips issued under both the schemes and the goods imported against these scrips are fully transferable. Further, e-Commerce exports of certain specified employment creating sectors, made through courier or foreign post offices, have been supported under MEIS.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
New Foreign Trade Policy
The Government of India has announced a new Foreign Trade Policy for the period 2015-2020 on 1st April, 2015. Details of the Foreign Trade Policy 2015-2020 are available at the website of the Directorate General of Foreign Trade at http://dgft@gov.in.
The important measures taken by the Government in the Foreign Trade Policy 2015-2020 to include ‘Make in India’ and ‘Digital India’ programmes to ease the trade are:
(i) Specific Export Obligation under Export Promotion Capital Goods (EPCG) scheme, in case capital goods are procured from indigenous manufacturers, has been reduced to 75% of the normal export obligation, in order to promote domestic capital goods manufacturing industry.
(ii)Under Merchandise Exports from India Scheme (MEIS), export items with high domestic content and value addition have generally been provided higher level of rewards.
(iii)For reward schemes and duty exemption schemes, hard copies of applications and specified documents which were required to be submitted earlier have now been dispensed with.
(iv)Landing documents of export consignment as proof for notified market, can now be digitally uploaded.
(v) There will be no need to submit copies of permanent records/ documents repeatedly with each application, once the same are uploaded in Exporter/Importer Profile.
(vi)For faster and paperless communication with various Committees of DGFT, dedicated e-mail addresses have been provided for various Committees, e.g. Norms Committees, Exim Facilitation Committee etc.
The Foreign Trade Policy 2015-2020 introduces two new schemes, namely, ‘Merchandise Exports from India Scheme’ (MEIS) for incentivising export of specified goods to specified markets and ‘Services Exports from India Scheme’ (SEIS) for increasing exports of notified services from India. The scrips can be used for payment of customs duty, excise duty and service tax. All duty credit scrips issued under both the schemes and the goods imported against these scrips are fully transferable. Further, e-Commerce exports of certain specified employment creating sectors, made through courier or foreign post offices, have been supported under MEIS.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
Déjà vu UPA days? Rupee extends losses to touch pre-Modi level of 64 vs dollar - Firstpost
Thank you Jaitleyji for MAT screw up
Thank you Jaitleyji for MAT screw up
Echo_419
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Srsly the idiots in Finance ministry are solely responsible for tgis
Sky lord
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To Scuttle GST Bill in Rajya Sabha, Congress May Target Union Minister Nitin Gadkari
New Delhi: The Congress is working on multiple strategies to scuttle the Goods and Services Tax bill, which is to be discussed in Rajya Sabha, or the upper house of Parliament this week. The bill was passed by the Lok Sabha last week.
Sources said the party is hoping that the proceedings will be disrupted over the national auditor's report alleging financial irregularities by the Purti Group, in which Union minister Nitin Gadkari owns stakes. The proceedings in Rajya Sabha had been washed out on Friday following disruption over the report -- with the united opposition demanding Mr Gadkari's removal.
As a constitutional amendment bill, GST needs the support of two-thirds of the House and the government will need the support of opposition parties. As of now, it has the support of several opposition parties which hold power in the states, including the Trinamool Congress, Samajwadi Party and the Biju Janata Dal. The Bahujan Samaj Party, too, supports the bill.
With only the AIADMK opposing the bill and three more days to go before the House adjourns, the easier option for the Congress to play spoiler over the audit report, indicated sources.
The final decision is to be taken tomorrow on whether the Congress will insist on a select committee, stage a walkout or preserve opposition unity by raising the Gadkari issue.
The Congress, which has a majority in the Rajya Sabha, has said it favours the GST bill, but wants a parliamentary committee to scrutinize the amendments made by the BJP. In the Lok Sabha, where NDA has the numbers, the Congress walked out during voting on the bill.
The bill is pegged as a flagship reforms initiative of the Modi government. It paves the way for a pan-India tax regime and a unified market across the country, ending the multiplicity of central and state taxes.
New Delhi: The Congress is working on multiple strategies to scuttle the Goods and Services Tax bill, which is to be discussed in Rajya Sabha, or the upper house of Parliament this week. The bill was passed by the Lok Sabha last week.
Sources said the party is hoping that the proceedings will be disrupted over the national auditor's report alleging financial irregularities by the Purti Group, in which Union minister Nitin Gadkari owns stakes. The proceedings in Rajya Sabha had been washed out on Friday following disruption over the report -- with the united opposition demanding Mr Gadkari's removal.
As a constitutional amendment bill, GST needs the support of two-thirds of the House and the government will need the support of opposition parties. As of now, it has the support of several opposition parties which hold power in the states, including the Trinamool Congress, Samajwadi Party and the Biju Janata Dal. The Bahujan Samaj Party, too, supports the bill.
With only the AIADMK opposing the bill and three more days to go before the House adjourns, the easier option for the Congress to play spoiler over the audit report, indicated sources.
The final decision is to be taken tomorrow on whether the Congress will insist on a select committee, stage a walkout or preserve opposition unity by raising the Gadkari issue.
The Congress, which has a majority in the Rajya Sabha, has said it favours the GST bill, but wants a parliamentary committee to scrutinize the amendments made by the BJP. In the Lok Sabha, where NDA has the numbers, the Congress walked out during voting on the bill.
The bill is pegged as a flagship reforms initiative of the Modi government. It paves the way for a pan-India tax regime and a unified market across the country, ending the multiplicity of central and state taxes.
Make in India: Honda plans to make India largest two wheeler hub globally - timesofindia-economictimes
Modi government plans 10,000 km push for road sector - The Economic Times
NITI Aayog likely to junk expenditure criterion for estimating poor - The Economic Times - Number of poor to go up but smart move
Modi government plans 10,000 km push for road sector - The Economic Times
NITI Aayog likely to junk expenditure criterion for estimating poor - The Economic Times - Number of poor to go up but smart move
Thank god finally some sense prevails , was growing tired defending lame moves by AJ
Ryuzaki
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Make in India: Honda plans to make India largest two wheeler hub globally - timesofindia-economictimes
Modi government plans 10,000 km push for road sector - The Economic Times
NITI Aayog likely to junk expenditure criterion for estimating poor - The Economic Times - Number of poor to go up but smart move
Smart move?Actually a very dumb move.
More poor=more concessions and freebies,less funds for development
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