Over 5 lakh employers together would save around Rs 900 crore annually following EPFO's decision to cut administrative charges, with effect from June 1, 2018. financialexpress.com/money/epfo-ale…
Another incentive for formalisation of employment
Demonetisation effect? Direct tax collection rises dramatically after 2016; here’s proof in 1 chart financialexpress.com/economy/demone…
Acc. to Crisil, IT growth increased from 8.2% in FY16 to 26.8% in FY17 & 21.0% in FY18. The corporate tax growth was 5.7%, 7.0% and 16.3% respectively.
Pradhan Mantri Awas Yojana(U): Over 1.65 lakh people used Credit Linked Subsidy Scheme during 2015-18 compared to only 18,166 people who benefitted from the interest subsidy scheme that existed during 2008-2013 financialexpress.com/india-news/pra…
Digital payments in India: Riding high on the success of UPI-based payments system, the digital payments in India has tripled to 7% of GDP from 2.5% three years ago, according to Anil Agarwal of Morgan Stanley. financialexpress.com/economy/modis-…#48MonthsofTransformingIndia
Four years of Modi govt:During the four years of its rule, Modi govt brought about many changes in the country’s renewable energy landscape financialexpress.com/economy/4-year…
India’s bankruptcy resolution process is putting an end to bad loans one by one. The completion of Vedanta’s acquisition of bankrupt Electrosteel marks the 2nd biggest successful recovery to date after Tata Steel’s acquisition of Bhushan Steel. ecoti.in/zOYIbZ
Credit Guarantee:Modi Govt triples corpus to Rs 8,000 crore for MSMEs. NBFCs that seek guarantees for loans to micro & small enterprises will have to lower their interest rates to reasonable levels,as,with govt backing,these become very secure loans. financialexpress.com/economy/credit…
The Lal Bahadur Shastri (LBS) International Airport in Babatpur, which is nearly 26 km from Varanasi in Uttar Pradesh will soon become the country's first airport to have a national highway running under its runway. financialexpress.com/infrastructure…
How implementation of GST is making life easy for lorry drivers on India’s national highways.Before GST,it would take 5 days to a week for trucks to move goods from Mumbai to Hosur . Now it takes just 2 days #48MonthsofTransformingIndia
The maternal mortality rate (MMR) declined from 167 in 2011-13 to 130 in 2014-16. This 22% reduction in MMR means nearly one 1000 fewer women now die of pregnancy-related complications each month in India. In other words,1000 more lives saved every month hindustantimes.com/health/from-16…
How PM Modi has run UPA's legacy programmes better than his predecessors ecoti.in/Z6_WFa
Modi adapted, re-branded, marketed and personally pushed them, focusing on execution. He is the Last-Mile Man. #48MonthsofTransformingIndia
Wage ceiling may be hiked from Rs 15,000 to Rs.21,000 to expand pension coverage under the EPS(EPF) ecoti.in/AL96da
No inflationary impact of GST..Thanks to ambiguity in anti-profiteering law,protracted procedure for profiteering determination,threat of immediate action and a well-fuelled propaganda machinery which front-paged action on profiteering behaviour financialexpress.com/opinion/why-wa…
Modi's Make in India just saved Rs 1 lakh crore in defence sector. In the past 2 years, as many as 6 air defence & anti-tank missile projects have been built indigenously by the DRDO indiatoday.in/mail-today/sto…
Gold Monetisation Scheme introduced by Modi Govt in 2015 has been revamped by RBI to enable hassle-free opening of gold deposit account. with banks to earn 2.25% to 2.5% pa on their idle gold holdings ecoti.in/K1wI9Y
Eastern Peripheral Expressway has reduced air pollution in Delhi by 50%. In last 10 days, Air Quality has improved and there has been 50% fall in PM 10 and PM 2.5 particulate matter levels . #SuccessStory#48MonthsofTransformingIndia
Pradhan Mantri Jan Aushadhi Kendra
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Modi’s UDAY impact! Now, both Haryana discoms turn profitable after a gap of 15 years financialexpress.com/economy/modis-…
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How RERA change the real estate landscape financialexpress.com/opinion/how-re…
RERA has been a potent instrument in addressing some of the pertinent issues afflicting the sector. Amongst them, the impact is most visible in terms of completion/deliveries of projects
Do you recall the name of the Sports Minister in Manmohan Singh Govt?
Jee haan. It was #MSGill
🔹He knew zilch regarding sports
🔹He could not recognise P.Gopichand and asked his officers "Who is he?Why is he here?Ask him to go away"
🔹When any talented athlete approached him +
+ him for help, MS Gill used to say "You must get educated and build a proper career. Sports is just a pastime".
How that old moron killed aspirations of youth wanting to excel at sports!!
Moreover he told stunned MPs in the House "Dont ask me questions. File RTI and get answers"
Contrast Manmohan's approach and Modi's approach
🔹Sports Minister is young army man and Olympic silver medallist Rajyavardhan Rathore
🔹Rathore's #KheloIndioa has identified potential Olympic champs
1. "No significant tax sops have been provided to the middle class."
Totally incorrect
🔹Threshold IT limit raised by 50,000
🔹Sec 80C raised by 50,000
🔹Home loan interest deduction raised by 50,000
🔹Additional 50,000 for NPS
🔹Tax rate of 10% tax slab lowered to 5%
🔹New section 80TTD allowing deduction of interest on bank and postal deposits to senior citizens upto Rs.50K
🔹Section 80D mediclaim limit raised
🔹For self-employed, deduction of house rent u/s 80GG raised from Rs.2000 pm to Rs.5000 pm
🔹Standard deduction of 40K for pensioners
The above tax cuts for the middle class in Budgets of 2014 to 2018 have been substantial. Net net, it can be said that a middle-class income-tax payer is better off by Rs.57,500 (20% tax bracket) and by Rs.77,500(30% tax bracket) than he was under the UPA in FY 2014-15
#Jobs#Facts
🔹In January 2018 a Nasscom report documented creation of jobs in four core sectors: automotive, IT-BPM, retail & textiles.
🔹Between 2014 & 2017 a total of 1.4 crore new jobs created in these 4 sectors alone,with nearly 65 lakh new jobs in just the retail sector.
🔹KPMG: travel & tourism sector is growing at 16% pa and adding 30-40 lakh new jobs every year.
🔹Naukri Job Speak Index, which tracks overall job listing market, is registering 10-16% growth YOY every month validating strong job creation in the organised private sector.
🔹The public sector too has matched the private sector in job creation fuelled by the massive impetus to infrastructure creation.
🔹Between 2011-14, 12,005 km of roads constructed; in 2014-17, the number up by 50% to 18,702 km.
🔷135 Km #EasternPeripheralExpressway
🔷India's very first smart & green highway to be completed in record 500 days as against target of 910 days and inaugurated by PM this month. #EPE
🔷With opening of #EasternPeripheralExpressway, the dream of signal-free connectivity between Palwal,Gautam Budh Nagar,Faridabad & Ghaziabad will come true
🔷2 lakh vehicles passing through Delhi will be diverted to this bypass decongesting Delhi & reducing pollution in Delhi.
🔷#EPE has smart and intelligent highway traffic management system and video incident detection system.
🔷 Over Speed Checking System,Weigh-in-Motion,Warning Devices,Pavement Management Systems, Fiber Optic Network and other facilities .