Niti ayog report on the composite water managment index 14 june 2018

Niti ayog report on the composite water managment index 14 june 2018

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Niti ayog proposes to publish these ranks on an annual basis in Future
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• India in recent times is suffering from worst water crisis in its history. million or lives in livilihood are under threat due to these crisis.
• currently,600 millions face high to extreme water stresss about 2 lakh people die every year due to inaduquate access to safe water.
• it is estimated crisis is going to worse by 2030 when india's water demand is projected to be twice available supply.In view of limitations on availability on water resources and rising demand for water, sustainable management of water resources had acquired critical importance.
• The composite water management index will fullfill mandate of cooperative and competitive federalism and also challenges states/UTs to meet aspirations of new India.

NITI Ayog has prepared a report on composite water managment index(CWMI)

• The composite water management index comprises of 9 parameters and 28 indicators.
• These include various aspects of ground water,irrigation, restoration of water bodies, farm practices ,drinking water ,policy and governance.
• For purposes of analysis reporting states of index were divided into two special groups North Eastern and Himalyan states and other states to take into account different hydrological conditions across these groups.
• The report released ranks Gujrat as number one in the reference year(2016-17) followed by Madhya pradesh, Andra Pradesh,Karnatka,and Maharashtra.In north eastern and Himalyan states,Tripura has been adjudged number one in 2016-17 followed by Himachal pradesh,Sikkim and Assam.
• In terms of incrimental change of index(over 2015-2016) level, Rajasthan holds number one position in general states and Tripura ranks as first position amongst North Eastern and Himalyan states.

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New GST Rates Kick In Today: List Of Items That May Get Cheaper

Items of common use such as sanitary napkins, footwear and fridge may get cheaper with

 the GST rate cut on about 88 items coming into effect today

New GST rates announced last week kicked in today. Items of common use such as sanitary napkins, footwear and refrigerators may get cheaper with the GST (Goods and Services Tax) rates cut on about 88 items coming into effect today. Refrigerators, washing machines, small screen TVs, storage water heaters, paints and varnishes will now attract 18 per cent GST. Food grinders, lithium ion batteries, vacuum cleaner and hand dryers will attract 18 per cent GST from today, as against 28 per cent previously.

Experts said that the benefit of GST rate cut must be passed on to the end consumer now.

The government clearly showed an intent to boost the MSME (micro, small and medium enterprises) sector by reducing GST rates. But it is noteworthy that the benefit must be passed to the final consumer. In order to ensure that benefits are passed, anti-profiteering provisions have to be regularly checked and authorities must take actions," said Vishal Raheja, DGM, Taxmann.com.

Here is a complete list of items that will now fall in lower GST bracket:

GST on the following items has been slashed from 28% to 18%:

• Paints and varnishes (including enamels and lacquers)
• Glaziers' putty, grafting putty, resin cements
• Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc.
• Washing machines
• Lithium-ion batteries
• Vacuum cleaners
• Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc.
• Storage water heaters and immersion heaters, hair dryers,  hand dryers, electric smoothing irons etc.
• Televisions up to the size of 68 cm
• Special purpose motor vehicles. e.g., crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries
• Works trucks (self-propelled, not fitted with lifting or handling equipment) of the type used in factories, warehouses, dock areas or airports for short transport of goods.
• Trailers and semi-trailers.
• Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics or toilet preparations

GST on the following items has been slashed from 28% to 12%:

• Fuel cell vehicle. Further, compensation cess will also be exempted on fuel cell vehicle.
• Refund of accumulated credit on account of inverted duty structure to fabric manufacturers: Fabrics attract GST at the rate of 5 per cent subject to the condition that refund of accumulated ITC or input tax credit on account of inversion will not be allowed. However, considering the difficulty faced by the fabric sector on account of this condition, the GST Council has recommended for allowing refund to fabrics on account of inverted duty structure. The refund of accumulated ITC shall be allowed only with the prospective effect on the purchases made after the notification is issued.

GST rates cut: The list of items on which GST has been cut to zero from 18%, 12% and 5%:

• Stone/marble/wood deities
• Rakhi (other than that of precious or semi-precious material of chapter 71)
• Sanitary Napkins
• Coir pith compost
• Sal Leaves siali leaves and their products and Sabai Rope
• Phool Bhari Jhadoo (Raw material for Jhadoo)
• 'Khali dona'
• Circulation and commemorative coins, sold by Security Printing and Minting Corporation of India Ltd [SPMCIL] to Ministry of Finance.

GST has been cut on the following items to 5% from 12%:

• Chenille fabrics and other fabrics under heading 5801
• Handloom 'dari'
• Phosphoric acid (fertilizer grade only)
• Knitted cap/topi having retail sale value not exceeding Rs. 1000

GST rate on the following items has been to 12% from 18%:

• Bamboo flooring
• Brass kerosene pressure stove
• Hand-operated rubber roller
• Zip and slide fasteners

GST rate cut to 5% from 18% on the following items:

• Ethanol for sale to oil marketing companies for blending with fuel
• Solid bio fuel pellets

GST rate change made in respect of footwear

• 5% GST is being extended to footwear having a retail sale price up to Rs. 1,000 per pair
• Footwear having a retail sale price exceeding Rs. 1,000 per pair will continue to attract 18%
   

GST rates have been recommended to be brought down for specified handicraft items [as per the definition of handicraft, as approved by the GST council] from 18% to 12%:

• Handbags including pouches and purses; jewellery box
• Wooden frames for painting, photographs, mirrors etc.
• Art ware of cork (including articles of sholapith)
• Stone art ware, stone inlay work
• Ornamental framed mirrors
• Glass statues (other than those of crystal)
• Glass art ware (including pots, jars, votive, cask, cake cover, tulip bottle, vase)
• Art ware of iron
• Art ware of brass, copper/ copper alloys, electro plated with nickel/silver
• Aluminium art ware
• Handcrafted  lamps (including panchloga lamp)
• Worked vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of modelling pastes etc., (including articles of lac, shellac)
• Ganjifa card

GST rate cut from 12% to 5%:

• Handmade carpets and other handmade textile floor coverings (including namda/gabba)
• Handmade lace
• Hand-woven tapestries
• Hand-made braids and ornamental trimming in the piece
• Toran
   

Miscellaneous change relating to valuation of a supply:

• IGST (Integrated Goods & Services Tax) at 5% on Pool Issue Price (PIP) of urea imported on Government account for direct agriculture use, instead of assessable value plus custom duty.
• Exemption from compensation cess to coal rejects from washery (arising out of cess paid coal on which ITC has not been taken).
   

  

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Clarifications/amendments as regards applicability of GST rate in respect of certain goods recommended by GST Council which inter-alia includes:

• Milk enriched with vitamins or minerals salt (fortified milk) is classifiable under HS code 0401 as milk and exempt from GST
• 5% GST on both treated (modified) tamarind kernel powder and plain (unmodified) tamarind kernel powder
• Beet and cane sugar, including refined beet and cane sugar, (falling under heading 1701) attracts 5% GST rate
• Water supplied for public purposes (other than in sealed containers) does not attract GST
• Marine engine (falling under sub-heading 8408 10 93) attracts 5% GST rate
• Kota stone and similar stones (other than marble and granite) other than polished will attracts 5% GST, while ready to use polished Kota stone and similar stones will attracts 18%.
• Certain other miscellaneous clarification as regards classification/rate have been recommended

The above-mentioned GST rates have been taken from a statement issued by the Ministry of Finance. (With PTI inputs)

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Govt cuts minimum yearly deposit for Sukanya Samriddhi account to Rs 250

Sukanya Samriddhi scheme was launched in 2015. Till November 2017, more than 1.26 crore accounts were opened across the country securing an amount of Rs 19,183 crore.

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The minimum deposit for government-backed small savings scheme for the girl child, Sukanya Samriddhi, has been slashed to Rs. 250 from Rs. 1,000. This means that customers need to make a minimum annual deposit of only Rs. 250 in this account, reported news agency Press Trust of India. The maximum yearly deposit, however, stands unchanged at Rs. 1,50,000. Under the Sukanya Samriddhi Yojana, a parent or legal guardian can open the account in the name of the girl child until she attains the age of 10 years.

Here are 10 things you should know aya Samriddhi Scheme:bout Sukanya

1. "The most recent modifications to the Sukanya Samriddhi Account Rules, 2016 is a welcome step... The change would foster financial inclusion of parents, especially the rural poor who want to secure the future of their daughters but have limited funds. This positive initiative is an important intervention and helps further the government's Beti Bachao-Beti Padhao Campaign," said Rahul Aggarwal, Director, Wealth Discovery.
2. The interest rate on Sukanya Samriddhi Yojana has been fixed at 8.1 per cent per annum for the September quarter.The interest on Sukanya Samriddhi Yojana is calculated on a yearly basis and is compounded annually.
3. Until November, 2017 more than 1.26 crore accounts have been opened across the country in the name of girl-child securing an amount of Rs.19,183 crore, the then Finance Minister Arun Jaitley had said while presenting the Union Budget.
4. Sukanya Samriddhi accounts can be opened in any post office branch and designated public sector banks.
5. The banks that have been authorized to open accounts under the scheme are: State Bank of India (SBI), State Bank of Mysore, State Bank of Hyderabad, State Bank of Travancore, State Bank of Bikaner & Jaipur, State Bank of Patiala, Vijaya Bank, United Bank of India, Union Bank of India, UCO Bank, Syndicate Bank, Punjab National Bank, Punjab & Sind Bank, Oriental Bank of Commerce, Indian Overseas Bank, Indian Bank, IDBI Bank, ICICI Bank, Dena Bank, Corporation Bank, Central Bank of India, Canara Bank, Bank of Maharashtra, Bank of India, Bank of Baroda, Axis Bank, Andhra Bank and Allahabad Bank, according to a government notification.
6. Tax exemption is one of the greatest advantages of the Sukanya Samriddhi Scheme. The deposits made to the account, and also the proceeds and maturity amount would be fully exempted from tax under section 80C of the Income Tax Act.
7. Sukanya Samriddhi account is valid for 21 years from the date of opening, after which it will mature and the money will be paid to the girl child in whose name the account had been opened.  If the account is not closed after maturity, the balance amount will continue to earn interest as specified for the scheme from time to time.
8. Sukanya Samriddhi account will also automatically close if the girl child gets married before the completion of the tenure of 21 years.
9. Deposits can be made up to 14 years from the date of opening of the account. After this period the account will only earn interest as per applicable rates.
10. Withdrawing money before the completion of the maturity period of 21 years can only be made by the girl child in whose name the account has been opened after she attains the age of 18 years. This withdrawal will also be limited to 50 per cent of the balance standing at the end of the preceding financial year, and will only be allowed for the purpose of higher education or if the girl intends to get married. In order to make a withdrawal, the account should have a deposit of at least 14 years or more.

    

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Higher Education Funding Agency (HEFA) approves projects for Rs

Press Information Bureau
Government of India
Ministry of Human Resource Development
29-November-2017 18:24 IST

Higher Education Funding Agency (HEFA) approves projects for Rs. 2,066.73 Cr to six higher education institutions.

For providing additional funds for research and related infrastructure, Higher Education Funding Agency (HEFA), has started its operations. The HEFA Board had held its 2^nd meeting today and approved projects for Rs. 2,066.73 Cr for six institutions – IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal. These funds would be used to improve the research infrastructure in these institutions to further improve their standing at the global level.

The HEFA Board approved projects for Rs. 2,066.73 Cr for six institutions as per the details below:

	Number of projects	Project cost (Rs Cr)	% of total
Projects for Research/academic facilities	16	1028.73	50%
Projects for other supporting infrastructure	11	1038.00	50%
Total	27	2066.73

These institutions can avail of these funds as per the progress of the project and complete them. The funding under HEFA would be in addition to the grants being given to these institutions.

Expressing happiness over the approval of interest-free loans by HEFA Board, Union HRD Minister Shri Prakash Javadekar said that today is a historic day for financing the needs and promotion of research and innovation beyond budgetary allocations. The Union Budget gives ample allocation and grants to Higher Education institutions but still there is a greater need. The vision of Prime Minister Narendra Modi and the resolve of Finance Minister Arun Jaitley has made possible the operationalisation of HEFA to extend funds beyond budgetary allocations.

These funds are in addition to the grants that Government gives to these institutions. As per the scheme, HEFA would mobilise Rs. 20,000 Cr through market borrowing and would release the same to the Government institution as interest- free loans.

HEFA was born out of the vision of Prime Minister Shri Narendra Modi for providing additional finance for promoting research in the higher educational institutions.  The intent to create HEFA was made in the Budget speech of 2016-17 which stated that, “We have decided to set up a Higher Education Financing Agency (HEFA) with an initial capital base of Rs.1,000 crores. The HEFA will be a not-for-profit organisation that will leverage funds from the market and supplement them with donations and CSR funds. These funds will be used to finance improvement in infrastructure in our top institutions and will be serviced through internal accruals”.  The Union Cabinet has approved setting up HEFA on 12^th September 2016.

Modalities of operation of HEFA

The HEFA is a novel method of funding the premier institutions by using the instrument of ‘securitising the future flows’. Under this, each institution agrees to escrow a specific amount from their internally earned resources (not govt grants) to HEFA. This forms basis for a credit line which can be used by the institution for creating the required capital and research assets. The Principal portion is repaid from the escrowed amount and the interest is met by Govt. For the institution, this is an interest-free amount and gives facility to the institution to build the required research infrastructure of world class.  

Operationalising HEFA

The HEFA was registered as a Section – 8 Company under the Companies Act on 31^st May 2017. Canara Bank has been identified as the partner for setting up the Company. Government has released Rs. 250 Cr equity and the Canara Bank has given Rs. 50 Cr equity in the HEFA. RBI has granted a license under the RBI Act for HEFA to operate as NBFC on 21^stNovember 2017 and to leverage the equity to mobilise money from market as per the requirements of the institutions. 

The Board has been constituted and held its first meeting under the Chairmanship of Secretary Higher Education on 12^thJune 2017.

Higher Education Funding Agency (HEFA) approves projects for Rs........

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‘I am not afraid of English’ campaign,haryana launches

Haryana launches ‘I am not afraid of English’ campaign in schools

The initiative is aimed at capacity building of teachers to enable them to help the students to learn, read, write and speak English, an Education Department spokesman said

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The Haryana Education Department has launched ‘I am not afraid of English’ initiative to promote English language
 right from Class 1 in the state’s primary schools (IANS)

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The Haryana Education Department has launched ‘I am not afraid of English’ 
initiative to promote English language right from Class 1 in the state’s primary
 schools,it was announced on Saturday.

The initiative is aimed at capacity building of teachers to enable them
 to help the students to learn, read, write and speak English, an Education
 Department spokesman said.

“To start with, a booklet containing 1,000 sentences/phrases has been prepared
. It contains 200 sentences per grade for all the five grades at the primary level
 of schooling.

“One JBT (junior basic teacher) and one BRP (Block Resource Person) per
block has been trained to make the students learn one sentence every day
 (minimum 20 per month for 10 months) in each class. This way a student
 who is in class 1, will be able to learn (read/write and speak) at least 1,000
 sentences till he graduates to the primary level,” he added.

He said that six language labs have been established in selected model Sanskriti
 schools in the state to facilitate digital learning and improve listening and
speaking skills of the students.

“Gradually, language labs will be set up in other schools of the state also.
Bag-free English Medium Schools for classes 1st and 2nd have been started
in selected 180 government primary schools of the state. Colourful low-lying
 lockers, to make students free from weight of bags, are being provided,” he said.

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In addition to the above 238 more government Schools are going to be covered
 under this initiative during the year2018-19, he added.

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daily update news,breaking india news,top stories and headlines,shashiprateek.blogspot.com: What is startup India?ex-start entrepreneur?

daily update news,breaking india news,top stories and headlines,shashiprateek.blogspot.com: What is startup India?ex-start entrepreneur?: shashiprateek.blogspot.com Startup Definition Startup means an entity, incorporated or registered in India : Upto a period of se...

What is startup India?ex-start entrepreneur?

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Startup Definition

Startup means an entity, incorporated or registered in India :

• Upto a period of seven years from the date of incorporation/registration or upto ten years in case of Startups in Biotechnology sector
• As a private limited company or registered as a partnership firm or a limited liability partnership
• With an annual turnover not exceeding Rs. 25 crore for any of the financial years since incorporation/registration
• 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

Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.

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An entity shall cease to be a Startup:

• On completion of seven years from the date of its incorporation/registration, ten years in case of Startups in Biotechnology sector, or
• If its turnover for any previous year exceeds Rs. 25 crore 
• STARup is a gathering of over 2,000 entrepreneurs, investors, corporate representatives and government officials and influencers from the Indian, Asian and European startup ecosystems. STARup, first launched in 2016, saw 700 leaders in the startup community coming together, while the second edition in May 2017 saw more than 1200 participants rock the city of Bengaluru.

STARup is the ultimate networking experience, ensuring you meet the right people, in the right business atmosphere through effective curation. Experienced entrepreneurs, active investors - both angels and institutions, influencers, facilitators and of course corporate representatives gather with only one agenda - BUSINESS. 

Attend sessions, be part of workshops, engage in round table sessions, join panels, set up 1-on-1 meetings, pitch, party and of course don't ever stop networking. At the end of two days, we promise you will want more!

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Most think, some express and some others get started! Passion, ideas, prototype, launch, funding, take off! It’s easier said (rather typed) than done – A startup is an idea which needs much planning for final action with an outcome of achievement. And yes the board that hangs over the startup people heads reads” Risk Ahead”. Nothing comes easy and the enthusiasm, new ideas, skills, opportunity along with a drive to take the bumpy road to the finish line that spells success is what it takes for a startup team. Entrepreneurs , get set start(up)!

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