Employee volunteerism works better as an engagement tool for human resources than as a CSR tool Up until last year, when corporate social responsibility (CSR) was not a compliance issue, companies had various ways of showing that they are made up of responsible citizens. From teaching children, painting classrooms, building homes and, more recently, running […]
Read MoreToday’s productivity paradox Economists argue over whether the slump in global productivity growth reflects the stagnation of technology Recent trends in productivity growth make it hard to be optimistic about the future. In 2014, the global growth of total factor productivity, or TFP, which measures the combined productivity of capital and labour, was essentially zero […]
Read MoreFinancial Impact on Employees Under National Pension Scheme (NPS) The National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers under NPS. There are a number of benefits available to the employees under NPS. Some of the benefits are enlisted below: • NPS is a well designed pension system […]
Read MoreCabinet approves Central Legislation to declare 106 additional inland waterways as national waterways The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to carry out official amendments in “The National Waterways Bill, 2015”. The amendments are based on the recommendations of the Department related Parliamentary Standing Committee on Transport, […]
Read MoreGST: Subramanian panel bats for fewer exemptions The committee favours removing exemptions granted to education, health (excluding medicines) and power Keeping exemptions to a minimum under the goods and services tax (GST) will be key to keeping tax rates low and checking the inflationary impact of the proposed new indirect taxation regime, a panel headed […]
Read MoreCommittee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister; On the Revenue Neutral Rate (RNR), the Committee recommends the same in the range between 15 percent and 15.5 percent (Centre and states combined) with a preference for the lower end of […]
Read MorePanel backs scrapping proposal of a 1% additional levy by states on the cross-border transport of goods A panel under chief economic adviser Arvind Subramanian, constituted by the government to decide on goods and services tax (GST) rates, has recommended a revenue-neutral rate of 15-15.5%, with a standard rate of 17-18% which will be levied […]
Read MoreThe state of the Indian economy The GDP numbers point to a recovery, but given the number of caveats involved, it might make sense to wait for the third quarter’s numbers to see whether this is sustainable Is the economy expanding? Is manufacturing growing? Is consumption-driven growth back? Is investment demand back? These are important […]
Read MorePer capita nutrition supply in India among the lowest in the world India has one of the lowest per capita daily supply of calories, protein and fat, according to OECD, a club of rich nations In December last year, the government promised a 40% increase in the supply of subsidized grain to expand coverage of […]
Read MoreIs SEZ the God that failed? Imagine the following economic reform that can really surge manufacturing and exports. It promises single window and speedy approvals. The approval committee is empowered and meets frequently and regularly. The policy promises a stable tax regime and is guaranteed by an Act of Parliament. The Act itself is thoroughly […]
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