News Talk#46-SCSS,yojana,income,drone,ecommerce,Airtel,SBI,Loan,MOU,OSDA

News Talk#46-SCSS,yojana,income,drone,ecommerce,Airtel,SBI,Loan,MOU,OSDA

In today’s News Talk you will see the latest news on SCSS,yojana,income,drone,ecommerce,Airtel,SBI,Loan,MOU,OSDA

1. Senior Citizens Savings Scheme, 2004 (SCSS)
According to a notification from the Ministry of Finance dated October 3, 2017, the minimum age limit for investing in SCSS for retired defence personnel (excluding civilian defence employees)  has now been fixed at 50 years. Earlier there was no age restriction whenever you retire
Fixed Rate of interest (ROI) – 8.3% currently

2. Baristha Nagarika Tirtha Yatra Yojana – Orissa: pilgrimage plan for senior citizens
60-75 years can avail the benefit. Over 750 to 1000 senior citizens can avail the benefit to visit various religious places in each train
Last year, the senior citizens visited places like Rameswaram-Madurai (from Berhampur), Varansi-Allahabad (from Bhubaneswar) and Haridwar-Rishikesh (from Sambalpur)

3. Agriculture Minister Radha Mohan Singh today said they are working to double the farmers income by 2020

4. Minister of State for Civil Aviation Jayant Sinha, Regulations drafted to use drone for ecommerce, agriculture,oil and gas etc
Will be finalised by December 31 this year
Will be allowed only during day time and below 200 feet.
Nano drones(250 grams or lower) that could also be used indoors, all drones will have to register with the Director General of Civil Aviation.

5. India is considering drafting a comprehensive national e-commerce policy to develop an ecosystem that would support exports and protect consumer interests

6. Airtel stopping 3G operations, Rs 25,000 crore CAPEX. Optical fibre business transfer to wholly-owned subsidiary Telesonic Networks for a valuation of up to Rs 5,650 crore.

7. SBI cuts interest rate on home, auto loans to lowest at 8.30% and 8.70% lowest in industry.
Retail inflation for industrial workers slid to 2.89 per cent in September, from 4.14 per cent in the same month last year due to cheaper food items, however the figure is higher than 2.52 per cent in August.

8. Odisha Skill Development Authority (OSDA) and Singapore-based ITE Education Services (ITEES) on Thursday signed a memorandum of understanding (MoU).
100 ITI teachers will be trained at Singapore at the ITE in 2018 as per the provision of the MoU
ITEES is a subsidiary of Singapore’s prestigious Institute of Technical Education (ITE).

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News Talk#45-World Bank,Cylinder,LPG,RKVY,RAFTAAR,Zomato,Swiggy,Infosys,GST,NPS,Pension

News Talk#45-World Bank,Cylinder,LPG,RKVY,RAFTAAR,Zomato,Swiggy,Infosys,GST,NPS,Pension

In today’s News Talk you will see the latest news on World Bank,Cylinder,LPG,RKVY,RAFTAAR,Zomato,Swiggy,Infosys,GST,NPS,Pension

 

1. Junaid Ahmed , Country Director, World Bank , says by “hitting the century” and touching 100 in Global Ease of Doing Business ranking, India basically says we are now competing to be one of the best where businesses can come in.
Government, World Bank working on 200 reforms to push India into top 50, Government has worked on 122 reforms this year

2. Price of subsidised Cooking gas cylinder in the country has been hiked by Rs 4.50(Rs 495.69 now) and that of non-subsidised gas cylinder has been hiked by Rs 93 (742 Rs now). With this hike brought in by oil companies, the price of 14 kg subsidy cylinder became Rs 495.69. Formerly, it was Rs 491.13.
19 kg cylinder for commercial purposes was hiked by Rs 146, costing Rs 1268 per cylinder.

3. Pradhan Mantri Ujjwala Yojana: 3 cr LPG connections already issued, Oil Ministry seeks to serve another 3 cr beneficiaries. Additional grant of Rs 4,800 crore over and above the already budgeted Rs 8,000 crore to issue 3 crore additional connections, on top of the 5 crore targeted earlier

4. Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the continuation of Rashtriya Krishi Vikas Yojana (RKVY) as Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for three years, 2017-18 to 2019-20.
scheme will incentivise states in enhancing more allocation to agriculture and allied sectors

5. Merger of Zomato and Swiggy

6. Blame Infosys for issues in GST portal: government officials told

7. NPS (National Pension System) for all Indian citizens and NRI.
Subscribers joining NPS after the age of 60 years will have an option of normal exit after completion of 3 years
Choice of pension fund and investment option to remain same for subscribers
In this case, they are required to utilise at least 40 per cent of the corpus for purchase of annuity and the remaining amount can be withdrawn in lump-sum.
1.78 crore subscribers of NPS in Sept end.

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News Talk#44-GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

News Talk#44-GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

In today’s News Talk you will see the latest news on GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

1. GoM suggests making GST inclusion in MRP mandatory, also suggested lowering the fees for delayed filing of returns to Rs 50 a day from Rs 100. Panel also pitched for extending the quarterly filing of returns facility to all taxpayers.
Businesses with turnover of up to Rs 1.5 crore are allowed to file returns and pay taxes every quarter.
further simplification in return filing process, HSN Code and invoice matching.

2. Mukesh Ambani said bet your money in India, as India is biggest investment opportunity and can grow to $7.5 trillion economy

3. Infosys won the Rs 1,380 crore contract in 2015 to implement the world’s largest digital tax system and maintain its portal for five years.
Infosys to Expand Team to Fix Bugs in GST Network

4. NSC(National Savings Certificate) and PPF (Public Provident Fund) will be closed when the citizen becomes NRI, encashment will be done at flat post office rate of 4%.

5. Bharti Telecom to buy 4.62% stake in Airtel for up to $1.5b

6. India’s ranking in the World Bank’s ease of doing business is now 100th spot from 130th position last year.

7. US Federal Reserve Chair Janet Yellen, whose term expires early next year, Raghuram Rajan can be the an ideal choice as per Barron’s magazine

8. Eight core sectors grew to a six-month high of 5.2 per cent in September, robust performance in coal, natural gas and refinery segments, in April it was 2.6 %
Eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had witnessed a growth of 5.3 per cent in September last year

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News Talk#43-Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

News Talk#43-Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

In today’s News Talk you will see the latest news on Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

1. Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent.
Manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders currently pay 1 per cent.

2. GSTR-4 which will be used by composition scheme businesses for filing returns. The utility will be available on GSTN portal soon

3. Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation, according to documents available through RTI.
“As per RTI replies provided by the RBI, the country’s central bank has apparently not published any Government Resolution (GR) or a circular till date to issue the new Rs 2,000 and recently, the Rs 200 currency notes,” says Mumbai-based RTI activist M.S. Roy.

4. LIC may participate in bank recapitalisation programme

5. ‘Bharat 22’ Exchange Traded Fund (ETF) comprising 22 scrips of public sector units, banks and other entities is likely to hit the market on November 15
Rs8000 Cr as part of disinvestment

6. Survey by Nielsen : 76% LED bulbs in India risky to use

7. Nearly 12 lakh businesses have filed GSTR-2, Deadline for filing July’s GSTR-2 has been extended to November 30
last date for filing of GSTR-3 for the month of July has also been extended to December 11

8. Amount of carbon dioxide in the earth’s atmosphere grew at record rate in 2016 to a level not seen for millions of years
Adding 3 degrees to temperatures

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