BJP President Amit Shah on Friday said the Central government under the leadership of Prime Minister Narendra Modi is the "most decisive and transparent" government the country has seen, because of which people have been voting for the party most in the elections held in the past three years."The BJP government under Modiji is the most decisive and transparent government," Shah said while highlighting the achievements of the BJP-led National Democratic Alliance (NDA) government on completion of three years in office. Shah said that the Bharatiya Janata Party in the past three years had "got rid of nepotism, caste-based and appeasement politics".He said the people's mandate for the BJP is a "stamp of the people's trust" in Prime Minister Modi. "People of the country gave a huge mandate to BJP in 2014, and then in all the elections the vote share of the BJP increased - which is a certificate of the work of the Modi government," Shah said."People feel that this is a government for the poor, backward, farmers and it has given the country a decisive, transparent government - a government which has taken the country to new heights," Shah said.Taking a jibe at the opposition parties, the Bharatiya Janata Party (BJP) leader said that at a time "when the BJP-led government is busy taking the country forward, the opposition parties are working to strangle it"."This government is decisive and not a paralysed government," Shah said.He also said that in the last three years the BJP has achieved new milestones."We got the OBC commission for the backward community, we got a new Rights of Persons with Disabilities Bill passed for the divyangs," Shah said.The BJP leader said that in the space technology sector "we set a new milestone, as we launched 104 satellites at a time". He also said the government got the new maternity leave policy passed under which pregnant women are entitled to get 26 weeks paid leave.
The Bangladesh High Court has ordered the removal of the name of former Chakma King Raja Tridev Roy in Chittagong Hill Tracts (CHT) who sided with Pakistan during the Bangladesh War of Liberation in 1971.
The role of minority ethnic groups in the CHT, especially the Chakmas has been under contestation. Two residents filed a petition in the High Court that there are various establishments in the name of Raja Tridev Roy which should not be named after an independence opponent.
Responding to the petition, the High Court of Dhaka ordered the removal of the name of Raja Tridev Roy from all the establishments within the next 90 days.
Who is Tridev Roy?
London-based Indian political analyst Priyajit Debarskar, describes Raja Tridev Roy in his book 'The Last King of West Pakistan' was published in 2015.
Debarskar explains the history of Tridev Roy who was considered an important player in the South Asian geopolitical field until his death in 2012.
Tridev Roy stood against Bangladesh's independence and saw himself as the king of a tribe of West Pakistan from the ascension to the throne in 1953 till the last day of life and refuted the independence of Bangladesh.
After the independence of Bangladesh, Tridev Roy became known as a writer, diplomat, Buddhist religious leader and politician in Pakistan....
ICICI Bank CEO Chanda Kochhar's total remuneration went up 64 per cent to Rs 7.85 crore in 2016-17 against Rs 4.80 crore the previous year, owing majorly to a 15 per cent increase in basic salary and Rs 2.20 crore performance bonus.The country's largest private sector lender in its annual report 2016-17 showed Kochhar received Rs 2.67 crore as basic salary as compared to Rs 2.32 crore in the previous year.The increase in the CEO's salary in 2016-17 has been majorly because in the previous year the top management refused to take any performance bonus because of the bank's poor performance.Owing to the 15 per cent increase in salary in 2016-17, automatically the contribution to provident fund and gratuity fund also increased by the same percentage. Interestingly, Kochhar decided not to contribute to the superannuation fund in 2016-17, which was at Rs 34.79 lakh in 2015-16, and will now be taxable income.Thus, her allowances and perquisites income for 2016-17 increased by 47 per cent to Rs 2.44 crore from Rs 1.66 crore in the previous year, the annual report showed.Along with Kochhar, the managing directors of the bank also received an increase of 15 per cent in their basic salary for 2016-17 along with the performance bonus, that was missing in the previous year.
The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.
So far, only companies up to five years from the date of incorporation were eligible for concessions under the plan announced last year.
As per the new definition, an entity shall be considered as a startup if its turnover is less than Rs. 25 crores - which remains unchanged - and has not completed seven years from the date of its incorporation/registration.
However, in the case of startups in the biotechnology sector, the period shall be up to 10 years, the commerce and industry ministry said in a notification.
It also said that an entity shall be considered as a startup if it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
It added that an entity shall cease to be a startup on completion of seven years from the date of its incorporation/ registration or if its turnover for any previous year exceeds Rs. 25 crores.
To obtain tax benefits, it said, a startup should obtain a certificate of an eligible business from an inter-ministerial board of certification as constituted by the Department of Industrial Policy and Promotion.
It said if the recognition would be obtained without uploading the relevant documents or on the basis of false information, the DIPP reserves the right to revoke the recognition certificate and and certificate of an eligible business for tax benefits immediately without any prior notice or reason.
Further, the notification said the process of recognition as a startup would be through an online application made over the mobile app/portal set up by the DIPP.
The definition is important for budding enterprises to avail government-sponsored venture funding and tax and other benefits.
Taormina -US President Donald Trump said on Friday the "problem" of an increasingly belligerent North Korea would be "solved", as he met with his Japanese counterpart Shinzo Abe just before the start of the G7 summit.
"It's a big problem, it's a world problem," he said in the Sicilian town of Taormina, adding the issue would be raised in joint meetings with the other six heads of leading industrialised countries.
"It will be solved," he said before going into closed-door talks with Abe, without giving further details.
Pyongyang has launched a series of missiles this year, including a Hwasong-12 intermediate-range projectile this month which the North claimed was capable of carrying a "heavy" nuclear warhead, fuelling tensions with Washington.
It has carried out two atomic tests since the beginning of last year, insisting it needs nuclear weapons to defend itself against the threat of invasion.
The US is worried that if North Korean leader Kim Jong-Un is not stopped, other countries in the region including Japan and South Korea would be compelled to seek their own nuclear capability as a defence measure.
Washington says it is willing to enter into talks with North Korea if it halts its nuclear and missile tests, but it has also warned that military intervention was an option, sending fears of conflict spiralling....
Trustees of retirement fund body EPFO may approve a proposal tomorrow to reduce the mandatory contributions toward social security schemes run by it to 10 per cent for workers as well as employers. Presently, employees and employers contribute 12 per cent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI). The proposal to reduce the contributions by employers and employees to 10 per cent of basic wages, including basic pay and dearness allowance, is listed on the agenda for meeting of the Employees' Provident Fund Organisation (EPFO) scheduled on May 27, 2017 in Pune, a source said.
The source said the labour ministry received several representations stating that the move will leave more money with workers for expenditure and reduce employers liability, which will eventually perk up economy. However, trade unions have decided to oppose the proposal saying this will dilute these social security schemes.
An EPFO trustee and Bharatiya Mazdoor Sangh leader P J Banasure said, "We will oppose this proposal. This is not in workers interest." Another trustee and All India Trade Union Congress Secretary D L Sachdev said, "The reduction of contributions will reduce the benefits for workers by four percentage point. At present employer and employee contribute 24 per of basic wages. This will be reduced to 20 per cent."
At present the employees' entire 12 per cent contribution is deposited into his EPF account. Besides, 3.67 per cent is also contributed to the EPF account by the employer who also contributes 8.33 per cent of basic wages to the EPS account.
That apart, the employer also contributes 0.5 per cent of basic wages towards the EDLI for insurance benefit. Thus the employer eventually contributed 12.5 per of basic wages. ...
Idea Cellular, Vodafone India Announce Merger To Create India's Largest Telecom Company
DIVYIA | 0
March 20 , 2017 , 10:26 IST
[caption id="attachment_244164" align="aligncenter" width="700"] Representational Image[/caption]
In one of the biggest merger in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced the much-awaited amalgamation.
Idea Cellular in a regulatory filing on Monday said, its Board of Directors "have approved the scheme of amalgamation of Vodafone India Limited and its wholly owned subsidiary Vodafone Mobile Service Limited with the company (Idea)."
ALSO READ: Will Vodafone Merge With Idea?
Vodafone will own 45.1 per cent of the combined company, Idea said in a statement.
"The Aditya Birla Group will then own 26 per cent and has the right to acquire more shares from Vodafone under an agreed mechanism with a view to equalising the shareholdings over time," it added.
"For Idea shareholders and lenders who have supported us thus far, this transaction is highly accretive, and Idea and Vodafone will together create a very valuable company given our complementary strength," said Kumar Mangalam Birla, Chairman, Aditya Birla Group.
ALSO READ: Vodafone Beats Jio On Price, Offers 28GB 4G Data & Unlimited Calls At Just Rs 346
"The combination of Vodafone India and Idea will create a new champion of Digital India founded with a long-term commitment and vision to bring world-class 4G networks to villages, towns and cities across India," said Vittorio Colao, Chief Executive, Vodafone Group Plc.
"The combined company will have the scale required to ensue sustainable consumer choice in a competitive market and to expand new technologies - such as mobile money services - that have the potential to transform daily life of every Indian," he added.