Govt policy

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Govt working towards reducing GST rates: S P Shukla, MoS Finance
Govt working towards reducing GST rates: S P Shukla, MoS Finance

Aimed at widening tax base in the country, the GST Council is working towards rationalising the Goods and Service Tax (GST) rates, Minister of State (MoS) for Finance Shiv Pratap Shukla said on Friday. Stressing that the government is committed towards reducing the GST rates, the MoS Finance, said, “The GST Council is working towards rationalising […]

Karnataka’s budget on Feb 16
Karnataka’s budget on Feb 16

Karnataka Chief Minister Siddaramaiah will present the State Budget on February 16, 2018. This will be the sixth budget of the Congress and Siddaramaiah’s 13th as the Finance Minister. The Cabinet decided to hold the budget session from February 16 to 28 and the budget is expected to roll out several schemes in the wake of forthcoming elections due […]

Odisha pacts with German agency for urban infrastructure development
Odisha pacts with German agency for urban infrastructure development

The Odisha State Government has signed an agreement with KfW Development Bank of Germany to avail a concessional long term loan of Rs 440 crore for development of infrastructure in different urban centres of the state. These funds will be utilised for infrastructure projects like energy efficient street lighting, reclamation and development of water bodies, […]

Maharashtra makes provision for opening of shops 24X7
Maharashtra makes provision for opening of shops 24X7

 In a bid to promote the ease of business, Maharashtra government has amended the Maharashtra Shops and Establishments (Regulation of Employment and Service Condition) Act, 2017 and issued a notification in this regard. With the implementation of the act, Shops in the State can open in three shifts 24X7 seven days in a week. Besides […]

India to have its first National Employment Policy
India to have its first National Employment Policy

The Government is formulating country’s first National Employment Policy (NEP)  for job creation. It is expected that this policy will be announced in the upcoming budget. It will have a comprehensive roadmap for all the employers and workers so that quality jobs can be created across all sectors through economic, social and labour policy interventions.The Employment Unemployment Surveys (EUS) of […]

Government plans revamping of Special Economic Zones
Government plans revamping of Special Economic Zones

The Government is planning to revamp Special Economic Zones (SEZs) so as to boost manufacturing under Make in India scheme. There are also plans to exempt factories located in SEZs, from  Minimum Alternate Tax (MAT) as it has been identified as one of the main reasons for the stunted growth of these zones. At present […]

First post-GST budget to come on February 1 next year
First post-GST budget to come on February 1 next year

The first budget after the implementation of GST will be presented on February 1 next year. It is expected that the budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament. On January 31, the Government will present the Economic Survey, […]

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