Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to Covid 19 pandemic.
DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years. The country do not have e-commerce policy and now the department is currently working on this, he added.
"We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from debate between lives and livelihood to also between lives and lives as an elongated lockdown will only prolong irreversible growth collapse," SBI's research report 'Ecowrap' said.
Vendors face indemnity papers, blocked payments as firms try to ringfence them from defaults.
The patriarchal family structure, lack of education and required skills, restriction to household chores, lack of access to a safe workplace, maternity benefit and gender gap in pay are some reasons that deter women to participate in India’s labour force.
GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.
Bharti Infratel Chairman Akhil Gupta, Raksha Shakti University Director General Bimal N Patel, CSB Bank MD and CEO Chinna Veerappan Rajendran, former Sebi ED J Ranganayakulu, former Deloitte India Chairman P R Ramesh and Indian Institute of Corporate Affairs DG and CEO Sameer Sharma are among the members.
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.
The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
The floor rate for Category I foreign portfolio investors (FPIs), which includes pension funds and sovereign wealth funds, has been set as 0.1% of the assets under management, lower compared to private equity funds, alternate investment funds and Category II FPIs.
In response to a crisis such as the current pandemic, India needs to come up with an effective rescue plan.
Even the fiscally conservative President Donald Trump has announced nearly $300 billion in direct cash transfers to US citizens at the bottom of the pyramid. PM Modi would do well to have his government attack the problem from the demand side by putting money directly in the hands of the people.
The Minister called upon the industries to invest in Assam and instructed the officials to fast track all investment proposals and assured of customised support with a dedicated team of officers for each company.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service