The Government has simplified the maintenance of Labour registers of about 5.85 crore establishments in agriculture and non- agriculture sectors. These registers are related to details of employees, their salaries, loans/recoveries, attendance etc. This exercise will drastically reduce the number of registers being maintained by these establishments from 56 to
Positive Developments in the Indian Economy Consumer Price Index The all India general CPI (Combined) for January 2017 stands at 3.2% as compared to 3.4 % in December 2016. The inflation rates for rural and urban areas for January 2017 are 3.36% and 2.9% respectively as compared to 3.83% and 2.9% respectively, for December
IMF in its latest update on World Economic Outlook has cut India’s economic growth rate forecast by one percentage point to 6.6 per cent for 2016-17 — from its earlier estimate of 7.6 per cent because of the effect of demonetisation on consumption and payments. If the projection holds true, the fastest growing
India, with a score of only 3.38, ranks 60th among the 79 developing economies on the Inclusive Development Index, despite the fact that its growth in GDP per capita is among the top 10 and labor productivity growth has been strong. Poverty has also been falling, albeit from a high
India and Kazakhstan today signed a Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between the two countries, which was earlier signed on 9thDecember, 1996 for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. Salient features of the Protocol
Income-tax Rules have been amended to provide that banks shall obtain and link Permanent Account Number (PAN) or Form No. 60 (where PAN is not available) in all existing bank accounts other than Basic Savings Bank Deposit Account (BSBDA-zero balance savings accounts, including Jandhan accounts) by 28.02.2017, if not already done. In
India and USA have signed a Memorandum of Understanding (MoU) between the Indian Computer Emergency Response Team (CERT- In) under the Ministry of Electronics and Information technology of the Government of India and the Department of Homeland Security, Government of the United States of America on cooperation in the field of cyber Security.