Prime Minister Narendra Modi and Finance Minister Arun Jaitley will get views on the Budget for 2017-18, job creation through skill development and other issues at a meeting with experts on December 27. There will be 13 people —from the NITI Aayog, economists and others with expertise — who will …
Tag: Narendra Modi
Digital India: Cabinet okays ordinance to modify the way workers are paid
In a move to promote cashless transaction, the Narendra Modi government decided to bring in an ordinance to amend the Payment of Wages Act for allowing business and industrial establishments to pay salaries through cheques or electronically. According to a report, employers will also have the opt…
Demonetisation Effect: Agra leather industry facing hard times
The leather industry in city has been hit hard by the government’s sudden withdrawal of high-value currency with labourers not getting their wages and manufacturers having no money to buy raw material. Prime Minister Narendra Modi dropped a bombshell on November 8 by abolishing Rs. 500 and Rs. …
Relief for SMEs adopting digital payment mode: Ravi Shankar Prasad
Union Information Technology Minister Ravi Shankar Prasad on December 17 said that no inquiry or opening on their transactions pre-November 8 will be done if small shopkeepers and enterprises adopt digital payment mode. Prasad said that this observation was made by Prime Minister Narendra Modi du…
Govt notifies ZED certification scheme, to help unregulated MSME sector
New Delhi: Government today notified the Zero Effect Zero Defect (ZED) certification scheme, which will hand-hold MSMEs across the country in Make in India sectors through quality control cells constituted by the government, and rate them after carrying out assessment of their products. The ZED c…
Demonetisation Effect | Hiring may shoot up as Fintech start-ups gain galore
Fintech startups are proving to be the biggest beneficiaries of the government’s demonetisation move and with the rise in business, recruitment plans of these companies are likely to see a significant uptrend in the coming months, experts say. E-wallet companies like Paytm, PayU India, Mobi…
Demonetisation Effect | Jan Dhan push for tea workers
Kolkata: The Narendra Modi government’s demonetisation move is changing the century-old practice of fortnightly cash payment of daily wage or talab in tea gardens. Late on December 1st, the Tea Board of India has issued a circular to all tea producers’ bodies to open new bank accounts…
Demonetisation Effect | Over 8 mn bidi workers yet to be paid since Nov 8
Even as the rest of the country is concerned about cash withdrawals on the pay day, there are about eight million bidi workers who haven’t received their wages since November 8. With 90 per cent of workers located in rural areas with no bank accounts, bidi units have not been able to pay wa…
3-day vendor development program to connect MSMEs with major buyers
The 5th Edition of National Vendor Development Programme 2016, will be held here from December 14, which would act as a platform to connect PSUs, major buyers with MSMEs. About 60 vendors will exhibit their machining facilities and capability and 20 outsourcing firms and PSUs such as HAL, BHEL, R…
Petroleum Ministry to partner start-ups for exploration & production
To bring in innovations and increase the involvement of startups in the petroleum sector, the ministry of petroleum and natural gas is looking to partner with startups and include them in core exploration and production activities. “Oil companies shall not only be funding these startups but will …