10.02.22

Bolster industrial competitiveness: Assocham to Hry

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The trade body AssochamsHaryanaState Development Council has submitted a memorandum to Haryana government, suggesting enhancement of competitiveness and sustainable industrial Growth. These suggestions were made byAssochamduring the pre-budget meeting preceding the state budget with the chief minister of Haryana.
The memorandum was submitted by Assocham to bolster the industrial competitiveness in areas like Skill development,MSME, and tourism.

He further highlighted that Assocham has recommended a dedicated entrepreneur development centre & online MSME finance facilitation centre concepts.

Industry in A & B categories requests for allocation towards basic hygiene related infrastructure areas of water, electricity, drainage, sewage, internal roads.

Himachal Pradesh govt alters state mining rules

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TheHimachal Pradeshgovernment has made major changes in the Mining Rules-2015 to provide relief to PWD contractors by issuing two notifications in this regard simultaneously. These changes have been made in Rule 3A, 17, 19, 23, 31, 33 and 67 of Himachal Pradesh Minor Minerals (Concession) and Prevention of Mineral (Illegal Mining) Their Transport and Storage Rules, 2015.

In these, a provision has been made that now digging of up to one and a half meters for a brick kiln will not be considered as mining and for this there will be a royalty of one lakh rupees per annum. Making changes in mechanical mining, the State Government has now allowed the use of loaders of 80 HP capacity without scrap. It will not be classified as mechanical mining and for this permission will have to be taken from the Director, Industries. The application fee for mechanical mining will beRs 3 lakh and security will be Rs 5 lakh.

To increase the capacity of stone crushers and mining leases, now all lease holders will have to deposit 60 per cent royalty of the total capacity to the government even if they use or exploit less minerals than this. Actually, many stone crushers hide the production by giving less M form, so that royalty does not have to be paid. Now this will not happen.

TERI, Uttar Pradesh government join hands to monetise carbon credits

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Officials of The Energy and Resources Institute (TERI) began a capacity-building workshop inMeerut, where senior forest officials were trained to assess carbon stock in trees planted by farmers in the past four years, from 2018 to 2021. Based on their assessment, farmers will get paid via the monetisation of carbon credits. This process will be facilitated byTERI.

TERI entered into a memorandum of understanding with the UP government in December last year to involve farmers in the global efforts to reduce the emission of greenhouse gases. After quantification of carbon stock in forests using internationally accepted methods, farmers will directly get a deposit of $6 per into their account.

Prime Minister Narendra Modi had earlier announced during the 2021 CO summit in Glasgow that the nation would become “carbon neutral” by 2070.

The carbon intensity of the economy, which is the number of goods made per unit of energy, would be reduced by 45% by 2030. The world needs to halve global emissions by 2030 and become net-zero by 2050, scientists say, to “avoid the worst effects of Climate-change”>Climate Change.”

Fisheries Directorate provides training to increase farmers income

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The is giving a golden opportunity to the fish farmers to increase their income by providing them training. Not only this, under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), it is giving financial assistance by providing subsidies of 40 to 60 per cent for making ponds, making bio flak tanks, making recirculatory aquaculture systems and other facilities.

The Department of Fishery, Director, VN Dwivedi said that there is a provision of subsidy of up to 40 per cent for general category people and 60 per cent for Women, SC-ST. The State Government is giving grants ranging from Rs 2.5 lakh to Rs 50 lakh to the people who want to take up fish. In East Singhbhum district, a target was set to train 290 people in the current financial year, which has been completed but there is no need to be disappointed. Training for the new financial year has started. Interested people can apply in the office of District Fisheries Officer located at Doranda. Since there is no system of training in other districts, those interested to take training will have to go to Ranchi, he added.

Dwivedi said that there are different types of training and it is also being given for three and more days. The good thing is that the rent and lodging arrangements for going to Ranchi will also be done by the Government itself. Along with providing training to the farmers, fisheries department is giving them the benefit of many beneficial schemes including allowance, Insurance of fish farmers, housing, cart-rickshaw or auto rickshaw, establishment of hatchery, he added.

Cop encounters toll 655 in 5 years; Chhattisgarh tops list

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As many as 655 cases relating to deaths in Police encounter were registered across the country between January 1, 2017 and January 31, 2022, of whichChhattisgarhaccounted for the highest 191 cases followed by UP with 117 cases.

Sharing this information, sourced from the https://exam.pscnotes.com/national-human-rights-commission”>National Human Rights Commission, in reply to a question inLok Sabha, the Home ministry said after Chhattisgarh and UP, most cases were registered in Assam (50), Jharkhand (49), Odisha (36), J&K (35), Maharashtra (26) and Bihar (22).

The states/UTs where zero cases of death in police encounter were recorded were Goa,Mizoram,Sikkim, Tripura, Chandigarh, Dadra andNagar Haveli,DamanandDiu, Ladakh, Lakshadweep and Puducherry. Delhi recorded eight cases of death in police encounter, as per NHRC data.

Soyabean exports dip as arrivals reduce by 25%

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A decline in arrivals of soyabean by around 25 per cent in spot markets since the beginning of the new season and lower meal production as farmers held back supplies in anticipation of higher prices has dampened exports of soyabean meal.
The disparity in prices in the international market from rival countries has hit orders from traditional buyers dampening exports of soyabean meal.

Lower availability in the domestic market and high disparity in prices in the international market has affected export deals, exporters claiming an extremely sluggish response from buyers for Indian origin soyabean meal.

An exporter of soyabean meal from Indore wishing anonymity said, When prices are not competitive and so high, why would anyone place an order for an Indian meal. Other countries are offering at lower prices but we cannot afford to sell at those rates because local rates are very high.

In Madhya Pradesh, soyabean production was estimated at 52 lakh ton as against 41.7 lakh ton last year, as per SOPAs estimate. In India, soyabean output is pegged at 119 lakh ton, up 14 per cent from the previous year.

In spot markets soyabean arrivals since the beginning of the new oil year until January were recorded lower by 25 per cent to 48 lakh ton while production of meal declined by 40 per cent to around 22 lakh ton.

GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat

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Ever since the Goods and Services Tax (GST) regime was rolled out in July 2017, fake billing scams have continued to drain government coffers in Gujarat. The data of the state commercial tax department suggests that stateGSTofficials have detected fake billing transactions to the tune of Rs 32,310 crore inGujarattill December 2021. About 1,875 shell companies were involved in various cases that led to the draining of Rs 4,264 crore from government coffers through fraudulent claims for input tax credit (ITC).

The as well as the Centre are introducing policy measures to plug loopholes but the constantly changing modus operandi has only led to a surge in the number of cases reported year after year.

From April to December 2021, about 1,172 cases of fake billing were detected by the state authorities. That shows a 67% jump in cases over the numbers of the previous three years combined (2018-19, 2019-20, and 2020-21), during which about 703 cases of fake billing scams were detected, stated officials of theSGSTdepartment.

Builders urge Rajasthan govt for tax incentives to boost industry

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Developers have urged the to reduce stamp duty and abolish surcharge in the budget to revive fortunes of real estate sector. At present, 30% surcharge is imposed on stamp duty, including swachh cess of 10%.
After first lockdown, both consumers and real estate Industry faced a setback as stamp duty was increased to 6% from 5%. Also, with 1% registration fee and 30% other taxes, the total stamp duty had gone up to 8.8%.

The state government had earlier announced to reduce stamp duty on housing units in multi-storey buildings from 6% to 4% until March 31, 2022. The benefits are provided to buyers purchasing flat worth up to Rs 50 lakh.