business – The News Insight https://enewsinsight.com English Fortnightly. Daily Epaper. 100-Word Edit. Fact Check. Voice of Social Media. Fri, 20 Sep 2019 08:11:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.5 https://enewsinsight.com/wp-content/uploads/2019/06/cropped-TNI-32x32.png business – The News Insight https://enewsinsight.com 32 32 Corporate Tax slashed; sends Sensex soaring over 1,900 points https://enewsinsight.com/corporate-tax-slashed-sends-sensex-soaring-over-1900-points/ Fri, 20 Sep 2019 08:11:29 +0000 https://enewsinsight.com/?p=24344

TNI Bureau: With an aim to boost economic growth, Finance Minister Nirmala Sitharaman on Friday slashed corporate tax rates for domestic firms from 30% to 22% and for new manufacturing companies from 25% to 15%. While, Sensex gained up to 1,955 points to 38,048, Nifty gained 530 points to 11,269 level, highest single-day gain in […]

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TNI Bureau: With an aim to boost economic growth, Finance Minister Nirmala Sitharaman on Friday slashed corporate tax rates for domestic firms from 30% to 22% and for new manufacturing companies from 25% to 15%.

While, Sensex gained up to 1,955 points to 38,048, Nifty gained 530 points to 11,269 level, highest single-day gain in 10 years after Government’s big announcements.

Key Highlights

• Corporate tax down to 22% (30% earlier), subject to companies not availing any other exemption or incentives
• Firms incorporated on or after 1 October 2019, making fresh investment in manufacturing, have an option to pay income-tax at 15%
• Minimum Alternate Tax (MAT) reduced from 18.5% to 15%
• Buyback Tax exempted for buy backs announced pre 5th July
• Govt to forego Rs 1.45 lakh cror per year

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Odisha’s first Coffee curing unit inaugurated at Koraput https://enewsinsight.com/odishas-first-coffee-curing-unit-inaugurated-at-koraput/ Thu, 12 Sep 2019 16:06:42 +0000 https://enewsinsight.com/?p=24223

TNI Bureau:  To promote ‘Koraput Coffee’ in national and international market, Odisha’s first Coffee curing unit was inaugurated at Koraput on Thursday. The coffee growers in the tribal-dominated Koraput district will get a fair price for their produce. Reportedly, the farmers will be paid Rs 150 per kg of coffee. In the first year, it […]

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TNI Bureau:  To promote ‘Koraput Coffee’ in national and international market, Odisha’s first Coffee curing unit was inaugurated at Koraput on Thursday.

The coffee growers in the tribal-dominated Koraput district will get a fair price for their produce. Reportedly, the farmers will be paid Rs 150 per kg of coffee.

In the first year, it has been decided to procure at least 100 metric tonne of coffee from the farmers, informed Bhabani Shankar Kalo, deputy director coffee development, Koraput.

Roasting, grinding, packaging and branding of coffee beans will be done by the administration in collaboration with tribal development cooperative corporation (TDCC).

‘Koraput Coffee can be available at the Tribal Retail Outlet ‘Adisha’ (Adibasi Odisha), located in the premises of the head office of the Tribal Development Co-operative Corporation of Odisha in Bhubaneswar adisha.in and http://amazon.in 

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BJD sets focus on Nabarangpur, targets Pradeep Majhi https://enewsinsight.com/bjd-sets-focus-on-nabarangpur-targets-pradeep-majhi/ Mon, 25 Jul 2016 10:47:21 +0000 http://www.enewsinsight.com/?p=21382 With a lot of hard work and riding high on CM Naveen Patnaik’s popularity, the ruling Biju Janata Dal (BJD) won maximum seats in Nabarangpur-Malkangiri belt in 2014 polls. Even, Pradeep Majhi suffered a shock defeat in Lok Sabha polls to a political novice like Balabhadra Majhi. The Congress was down and out in this […]

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With a lot of hard work and riding high on CM Naveen Patnaik’s popularity, the ruling Biju Janata Dal (BJD) won maximum seats in Nabarangpur-Malkangiri belt in 2014 polls. Even, Pradeep Majhi suffered a shock defeat in Lok Sabha polls to a political novice like Balabhadra Majhi. The Congress was down and out in this tribal belt.

However, Pradeep did not give in and shot into limelight again by playing the ‘tribal’ or ‘adivasi’ card. Pradeep Majhi rattled and unsettled the government by doing recent agitation over Forest Rights Act (FRA), demanding land patta for tribals, leading the attack on forest office in Raighar, subsequent arrest and launching a six-day hunger strike inside Umerkote jail.

In a desperate bid to checkmate Pradeep’s march and silence him, his family was dragged into chit fund fire. Although it’s crystal clear that they did maize business with Seashore Group like all others and never acted as chit fund agents in the area, some vested interests have launched a tirade against them.

Different angles are being attached to this case to tighten the noose around Pradeep and his family. But, will it work? If the government fails to prove any charges, then their campaign would backfire and Pradeep would aggressively use the tribal card to project himself a martyr and derive political mileage from this controversy.

Earlier, the government asked all departments to accelerate all-round development of Nabarangpur district with the CM taking special interest. It clearly shows that the government is nervous and does not want to leave any stones unturned to make its presence felt in the district.

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The News Insight (Epaper) – February 16 – 29, 2016 https://enewsinsight.com/the-news-insight-epaper-february-16-29-2016/ Wed, 17 Feb 2016 05:02:08 +0000 http://www.enewsinsight.com/?p=20947 The post The News Insight (Epaper) – February 16 – 29, 2016 appeared first on The News Insight.

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The News Insight (Epaper) – February 01 – 15, 2016 https://enewsinsight.com/the-news-insight-epaper-february-01-15-2016/ Thu, 04 Feb 2016 04:18:14 +0000 http://www.enewsinsight.com/?p=20808 The post The News Insight (Epaper) – February 01 – 15, 2016 appeared first on The News Insight.

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The News Insight (Epaper) – January 16 – 31, 2016 https://enewsinsight.com/the-news-insight-epaper-january-16-31-2016/ Mon, 18 Jan 2016 09:31:34 +0000 http://www.enewsinsight.com/?p=20593 The post The News Insight (Epaper) – January 16 – 31, 2016 appeared first on The News Insight.

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Union Cabinet approves Real Estate Bill, 2015 https://enewsinsight.com/19770/ Wed, 09 Dec 2015 15:37:47 +0000 http://www.enewsinsight.com/?p=19770 The Union Cabinet chaired by Prime Minister Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing by the Parliament. The Real Estate (Regulation and Development) Bill is a pioneering initiative to protect the […]

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The Union Cabinet chaired by Prime Minister Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing by the Parliament.

The Real Estate (Regulation and Development) Bill is a pioneering initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects.

The Bill provides uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector. It will boost domestic and foreign investment in the Real Estate sector and help achieve the objective of Government of India to provide ‘Housing for All’ by enhanced private participation.

The Bill ensures mandatory disclosure by promoters to the customers through registration of real estate projects as well as real estate agents with the Real Estate Regulatory Authority.

The Bill aims at restoring confidence of consumers in the real estate sector; by institutionalizing transparency and accountability in real estate and housing transactions which will further enable the sector to access capital and financial markets. The Bill will promote orderly growth through consequent efficient project execution, professionalism and standardization.

The salient features of the Bill are as under:

1. Applicable both for commercial and residential real estate projects.

2. Establishment of ‘Real Estate Regulatory Authority’ in States/UTs to regulate real estate transactions.

3. Registration of real estate projects and real estate agents with the Authority.

4. Mandatory disclosure of all registered projects, including details of the promoter, project, layout plan, land status, approvals, agreements along with details of real estate agents, contractors, architect, structural engineer etc.

5. Deposit of specified amount in a separate bank account to cover the construction cost of the project for timely completion of the project.

6. Establishment of fast track dispute resolution mechanisms for settlement of disputes through adjudicating officers and Appellate Tribunal.

7. Civil courts jurisdiction prohibited from taking up matters defined in Bill, however, consumer court allowed to hear real estate matters.

8. Promoters barred from changing plans and design without consent of consumers.

9. Provision of Appropriate Government to make rules for the matters specified in the Bill, and the Regulatory Authority to make necessary regulations.

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Forex Rate relating to imported and Export Goods Notified https://enewsinsight.com/forex-rate-relating-to-imported-and-export-goods-notified/ Fri, 04 Dec 2015 10:24:58 +0000 http://www.enewsinsight.com/?p=19621 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs (CBEC) No.112/2015-CUSTOMS (N.T.), dated 19th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board […]

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moneyIn exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs (CBEC) No.112/2015-CUSTOMS (N.T.), dated 19th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs (CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 4th December, 2015, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Schedule I:

Forex1

Schedule II:

Forex2

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“One Life- Rise and Shine” says Akash Gautam at ‘Invest Bhubaneswar’ https://enewsinsight.com/one-life-rise-and-shine-says-akash-gautam-at-invest-bhubaneswar/ Sun, 22 Dec 2013 16:12:17 +0000 http://www.enewsinsight.com/?p=16553 Bhubaneswar: The three daylong event connecting entrepreneurs and investors – INVEST BHUBANESWAR 4TH ODISHA SYMPOSIUM – came to an end today. The valedictory function of the event was organized here in a hotel with the power packed motivational talk by Akash Gautam. The concluding day of Invest Bhubaneswar opened with plenary session on “Innovation, Start […]

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Bhubaneswar: The three daylong event connecting entrepreneurs and investors – INVEST BHUBANESWAR 4TH ODISHA SYMPOSIUM – came to an end today. The valedictory function of the event was organized here in a hotel with the power packed motivational talk by Akash Gautam.

Mr Anil Khatod adressing the gthering at Invest Bhubaneswar Closing CeremonyThe concluding day of Invest Bhubaneswar opened with plenary session on “Innovation, Start up and Incubation” with three motivational speakers in the panel. Dr. Arindam Dutta, Expert, Innovation and Incubation spoke about the various setbacks an aspiring entrepreneur may face while starting up a venture and how to overcome them.

Mr. Anil Khatod, Managing Director, Argonaut Private Equity and a venture capitalist from United States said on what industries an aspiring entrepreneur can bank on. He also listed the qualities an investor looks for while investing in an organization or a start-up. “Team work, technology assessment, market assessment, business model assessment, capital efficiency and Exit assessment are the six key items to look to invest in a company” he said.

Akash Gautam power packed presentation at Invest Bhubaneswar Closing CeremonyThe key attraction of the day was renowned motivational speaker Mr. Akash Gautam. With his characteristic humour and quick wit, he kept the audience engaged. “Motivation lies in one’s self, it just needs to be found” he said. With the one liner “one life- rise and shine” he emphasized on making the best out of the life one has. Mr. Akash kept both young and veteran entrepreneurs mesmerized with his presentation.

A student business council, “Young Odisha Entrepreneurs Club” was also inaugurated on this occasion.

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After Onions, Potato Crisis grips Odisha https://enewsinsight.com/after-onions-potato-crisis-grips-odisha/ Tue, 05 Nov 2013 08:26:53 +0000 http://www.enewsinsight.com/?p=16114 The timing becomes very bad for people of Odisha, as they observe a complete vegetarian month in Kartika. As West Bengal has stopped the supply of potatoes because a steep hike in the prices in their state, Odisha has been hard hit by this unprecedented situation. Potatoes are being sold at Rs 25-30 in Bhubaneswar. […]

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The timing becomes very bad for people of Odisha, as they observe a complete vegetarian month in Kartika. As West Bengal has stopped the supply of potatoes because a steep hike in the prices in their state, Odisha has been hard hit by this unprecedented situation.

PotatoesPotatoes are being sold at Rs 25-30 in Bhubaneswar. There is a shortage in the stock. And, the situation continues like this, the potato prices may escalate to Rs 60-80 and it could eventually vanish from the market.

Potatoes have been an integral part of Odia kitchen. The spiralling vegetable prices have hit the family budget and diet of common people very hard. Potatoes have now added to their woes further. Hundreds of potato-laden trucks are stranded on the Odisha-West Bengal border following the decision of Mamata Banerjee government to stop the supply.

As Odisha can produce just 10-15% of the total potatoes needed in the state, they heavily depend on West Bengal for the supply. The situation may go out of control over the next few days if hoarding of potatoes is not checked. After the menace of Cyclone Phailin, Floods, Incessant Rains, Rising Vegetable prices, onion crisis, now the potato crisis has made things difficult for the common man.

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