Government has moved very aggressively and with great speed, and you will see speedy action happening through DIPAM.
Labour ministry to soon notify minimum wages; agricultural workers to get 100 per cent jump in daily pay
According to Dattatreya, the new minimum wages notified will enhance wages of unskilled agricultural labour in C-class towns to Rs 350 per day in the central sphere.
EPFO joins CSC network; pensioners can now submit digital life certificates via CSC networking points
The move will also help pensioners living in remote areas who now don't have to travel to the EPF offices or banks to file paper-based life certificate.
According to Panagariya, the revenues loss prospects under four slabs will be much less as opposed to the single rate, would be predictable.
The move comes after several states expressed reservations on certain provisions of the existing Act and is part of the government's initiative to double the farmer income in five years.
The draft policy suggested a 10-year tax holiday for companies investing over $1 billion in electronics manufacturing or creating 20,000 jobs in India.
NITI Aayog junks draft policy stressing on local manufacturing of electronics and floats paper favouring an export-related plan for developing coastal economic zones
These 3 strategies are - asset swaps, a bank-by-bank cleanup and a bad bank. The matter is likely to be discussed later this month, a senior official said.
NITI Aayog CEO Amitabh Kant was of the view that India must encourage Chinese enterprises to invest in India.
"The fourth industrial revolution will also provide an opportunity to cater to challenges that are exclusive to India," Prabhu said.
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