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West Bengal, Bihar most impacted by arsenic contamination: Centre tells NGT
“States of West Bengal and Bihar are reported to be most affected...
GST Council approves ‘Track and Trace Mechanism’ to curb evasion
"The system shall be based on a Unique Identification Marking which...
FSDC meeting on Sep 3; to take stock of economy, financial sector
The Reserve Bank of India Governor, and the heads of the Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority, and International Financial Services Centres Authority are also members of the FSDC.Sources also said that the finance minister may ask financial sector regulators to relax and harmonise investment norms for instruments like infrastructure investment trusts (InvITs) to be used to monetise public assets like highways, power and railway tracks.
Covid-19: DGCA extends suspension of international flights till Sep 30
International scheduled flights may be allowed on selected routes by the competent authority on case to case basis.
“This restriction shall not apply to international all-cargo operations and flights specifically approved by DGCA. However, International Scheduled flights may be allowed on selected routes by the competent authority on case to case basis,” further stated the circular.
Resting on climate action a $11 trillion opportunity for India: Deloitte Report
Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.
These industries — services (government and private), manufacturing, retail and tourism, construction, and transport — currently account for more than 80 per cent of India’s GDP. Together, they form the basis of the country’s contemporary economic engine, it added.
Deloitte estimates that by 2070, these five industries alone would experience an annual loss in the value added to GDP of more than USD 1.5 trillion per year.
Pensioners’ body urges government to exempt pension from income tax
The body also referred to an apex court order where the Supreme Court had held that pension is valuable right vested in a government servant and that the right to receive pension is a property under Article 31 of the Constitution. If it is denied to an employee, a writ of mandamus could be issued to the state to properly consider the claim of the pensioner for payment of pension according to law, it added referring to the SC ruling.
Subscribers joining NPS after 65 yrs of age can take up to 50 pc equity exposure
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 years to 70 years of age. The entry age for NPS has been revised to 18-70 years from 18-65 years.
Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years, according to a PFRDA circular on the revised guidelines.
Govt brings new ‘BH’ registration series for personal vehicles to ensure seamless transfer across states
”This vehicle registration facility under ‘Bharat series (BH-series)’ will be available on voluntary basis to defense personnel, employees of central government/ state government/ central/ state public sector undertakings and private sector companies/organisations, which have their offices in four or more states/union territories,” the Ministry of Road Transport and Highways (MoRTH) said in a statement. This scheme, it said, will facilitate free movement of personal vehicles across states/union territories of India upon relocation.
Govt extends deadlines for various I-T compliances, GST relief
While the income tax compliances, including filing of statement for equalisation levy and remittances, reporting by multinational enterprises etc, have been extended mainly due to difficulties in electronic filing on the new I-T portal, the deadline for GST amnesty scheme and also filing of GST return electronic verification code (EVC) have been extended until November 30 and October 31 respectively to assist taxpayers in the time of Covid-19 pandemic.
India reports 45,083 new COVID-19 infections, Kerala logs 31,265 cases
Under the nationwide COVID vaccination drive, 63.09 crore vaccine doses have been administered so far.
India adds 46,759 new COVID-19 infections, Kerala logs 32,801 cases
India administered more than 10 million vaccine doses in the past 24 hours, a national record that Prime Minister Narendra Modi called a “momentous feat” for the country ahead of fears of another surge in infections. India has administered more than 622 million vaccine doses in total, giving at least one dose to more than half of its 944 million adults.This has been achieved through 67,19,042 sessions.
Jan Dhan accounts exceed 430 mn in 7 yrs, total deposits over Rs 1.46 trn
This national mission was launched to ensure people have access to financial services, namely, banking, remittance, credit, insurance, pension in an affordable manner.
On the road ahead, the finance ministry said, eligible PMJDY account holders will be sought to be covered under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
As on August 18, 2021, the number of total PMJDY accounts stood at 430.4 million. Of this, 55.47 per cent (23.87 crore) Jan-Dhan account holders are women and 66.69 per cent (28.70 crore) holders are in rural and semi-urban areas, the finance ministry said in a statement.
Out of total 430.4 million PMJDY accounts, 368.6 million or 85.6 per cent are operative, and the average deposit per account is Rs 3,398, as per the statement.
Increase in average deposit is another indication of increased usage of accounts and inculcation of saving habit among account holders, it said.