indiatimes.com 2018-12-07 00:00:00
NEW DELHI: The Central Pollution Control Board ( CPCB ) has directed all state pollution control boards and pollution control committees to strictly implement the Centre's notification on utilisation of fly ash from coal and lignite-based thermal power plants by December 31. The notification mandates mixing of ash in brick manufacturing, use of ash-based products in construction activities and use of ash in low lying reclamation projects, among others. Fly ash, toxic remains of coal and lignite burning in power plants, is full of chemicals that not only pollute local soil, air and water but also cause harm to public health . Keeping this in mind, the government had notified a policy for utilising fly ash in 2009. However, its implementation has remained tardy.The CPCB issued the directions as non-utilisation and insufficient utilisation of ash generated from coal and lignite based thermal power plants were leading to a major environmental problem. It asked state boards to enlist all brick manufacturing units located within a radius of 100 km of thermal power plants in states . District magistrates have been asked to consider cancellation of permission of brick manufacturing units within the 100 km radius who are not complying with the provisions.The CPCB also asked boards to submit annual implementation report and minutes of the meetings of state level monitoring committee by June 30 every year.
moneycontrol.com 2018-12-06 23:32:00
The Confederation of All India Traders (CAIT) said it has urged finance minister Arun Jaitley to extend the last date for filing annual goods and services tax (GST) return from December 31, 2018 to March 31,2019. In its communication to the finance minister, CAIT said that the format of filing of annual GST return is not available anywhere including the GST website. In fact, the option itself is not available. "Under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing annual GST return up to March 31 2019 for the period 2017-18," it said. CAIT also urged that format should be made available in regional languages. It noted that the concept is till unclear to a large number of traders and most are not even aware of the obligation of filing annual GST return. Moreover, they are unaware that annual return is the last opportunity for assessees to rectify their previously filed return with the department for the concerned year.
thehindu.com 2018-12-06 19:51:00
December 07, 2018 01:21 07, 2018 01:21 IST more-in Golden Rock Railway Workshop in Tiruchi ties up with cement factory for disposal of polymeric waste The Southern Railway Workshop, Golden Rock, has adopted a scientific method to dispose tonnes of zero-value non-hazardous polymeric waste accumulated over the years on its sprawling campus in Tiruchi. The 85-year-old workshop entered into an agreement with UltraTech Cement Limited at Ariyalur district last year, paving the way for the safe disposal of non-hazardous waste to the cement unit for use in its kilns as an alternative fuel in what is being seen as a "win-win situation" for both. Huge relief The decision has come as a huge relief to the workshop which, until last year, virtually had no clue as to how to dispose the non-hazardous waste that kept piling over the last two decades, posing a huge environmental and safety hazard. Engaged in POH (periodic overhaul) of 1,200 broad gauge passenger coaches and 120 broad gauge diesel locomotives, the British-built workshop has also become a manufacturing unit, rolling out new container wagons for the Railways and the Container Corporation of India. It produces steam locomotives for the heritage Nilgiri Mountain Railway (NMR) and also overhauls them. Piling materials While ferrous and non-ferrous waste generated in the workshop, spread over 200 acres, were being sold through auction every year, it was the piled up zero-value non-hazardous waste in the form of cushions, artificial leather, seat covers, rubber belts and other rubber products that posed a fire as well as an environmental hazard, said chief workshop manager P.N. Jha. A solution finally emerged last year when the workshop came to know that non-hazardous waste could be disposed of scientifically by way of "co-processing" at cement plants. Negotiations with UltraTech Cement fructified, leading to an agreement between the two to dispose of 5,000 metric tonnes of accumulated zero-value non-hazardous waste, said Mr. Jha. Since January, when the first load of waste was dispatched to the cement unit, around 1,500 metric tonnes of accumulated waste has so far been safely transported to the unit, Mr. Jha said. The remaining accumulated waste would be sent in the coming months. The cement unit utilises the waste after shredding as an alternative fuel in its kilns. The waste in the kilns is burnt at a very high temperature of nearly 1,400 centigrade, which would leave behind no residue, he said. TNPCB nod The workshop has also obtained the clearance from the Tamil Nadu Pollution Control Board for the disposal mechanism. The cement factory for its part had received clearance from the Central Pollution Control Board for co-processing, the official said. With nearly 25% to 30% of accumulated waste being cleared so far, the workshop has been successful in reclaiming nearly 50,000 sq. ft. area where it has currently embarked on a green drive, planting saplings of various species.
moneycontrol.com 2018-12-06 19:18:00
Anand Rathi Securities As expected, the RBI maintained status quo on key policy rates at its December 2018 monetary policy meet. It also announced a calibrated 150bp cut in the SLR. The tone of the policy was largely dovish. While the "calibrated tightening" stance of the interest rate policy continues, the RBI remains accommodative regarding liquidity. We expect it to keep rates unchanged in FY19. The backdrop The overwhelming weight of events since the last monetary policy meeting seems to have prompted RBI to maintain status quo on rates for the second successive time. Retail inflation is well below its projected target. The sharp slump in global crude oil prices also minimises the risk of a fuel-price-led spike in inflation. The strengthening of the rupee eases the risk of imported inflation as well. While there are doubts about whether the US Federal Reserve Chairman has actually communicated a dovish stance, the consensus is that tightening in the US will be far more contained than what was expected a few months ago. On the top of this, the real growth rate in the quarter ending September 2018 has been more than a percentage point lower than that in the quarter before. Therefore, it was not a surprise that the RBI held the policy rates at its December monetary policy meeting. RBI forecloses the option of a rate cut As an explicitly inflation-targeting central bank, the clear mandate of the monetary policy is to take necessary measures to keep inflation around 4 percent. Moreover, the RBI is obliged to target retail and not any other form or component of inflation. With the current retail inflation is substantially lower than this target and the RBI's own projection of a further fall in the inflation during the rest of FY19, it is pertinent to question whether the central bank could explore a rate cut in a period when the real interest rate is at a historic high. Unfortunately the RBI has foreclosed this option. While moving from a 'neutral' to a 'calibrated tightening' stance at the last policy meet, the bank explained that the transition means that the 'rate cut' option is off the table. Interestingly, the 'calibrated tightening' phrase, on to its own admission, pertains only to the policy rate and not the liquidity. The latter turned accommodative post-August 2018 on the backdrop of upheavals in the corporate debt market and among the NBFCs. NBFCs may continue to need support; SLR cut negative for bonds The RBI has taken numerous general and NBFC-specific measures to ease the liquidity situation for NBFCs. The outcome has so far been on desired lines. Yet, problems faced by NBFCs would require considerable recasting of balance sheets and would be a long-drawn process. It is to be seen the extent to which the RBI aids this process. The phased statutory liquidity ratio (SLR) cut announced on December 5 would help the banking system with a seriously stretched credit-deposit ratio. This is also in line with the RBI's long-term objective to reduce pre-emption of banks' resources by the government without undermining the quality of banks' balance sheets. Yet, the process would potentially reduce bank holdings of the government by Rs 2 trillion by mid-2020 and may therefore be negative for the bond market. Outlook The RBI is likely to keep the policy interest rate unchanged for the current financial year. We feel that its change in policy stance from accommodative to neutral was ahead of the curve as also the move from neutral to calibrated tightening. As a data-dependent explicitly inflation-targeting central bank, the RBI should not procrastinate on reverting to the easing stance if inflation continues to hold below the target. The author is Chief Economist at Anand Rathi Securities.
thehindu.com 2018-12-06 17:10:00
December 06, 2018 22:22 22:40 IST more-in Format unavailable, say traders The Confederation of All India Traders (CAIT) has written to Finance Minister Arun Jaitley asking him to push the deadline for filing of annual GST returns to March 31, 2019 from December 31, 2018, now. "It is to bring to your kind notice that till today the format of filing of annual GST Return and even option is not available anywhere including on GST website as well," CAIT wrote in the letter. "The annual GST return assumes much significance as it gives last opportunity to assessees to rectify their previous return filed with the department for the concerned year." "Under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period and as such, we request your good self to extend the last date of filing annual GST return up to 31 March, 2019 for the period 2017-18," CAIT said. CAIT further said that a large number of traders in the country were not even aware that they had to file an annual return. "While urging for extension of last date, we also request that a widespread national campaign should be launched by the government to make assesses aware about the liability of filing annual GST return and its process," CAIT added.
firstpost.com 2018-12-06 16:33:00
Tweet Bulandshahr: The recent mob violence in Bulandshahr that took the lives of a police officer and a villager, is threatening to take an ugly communal turn. Six Bajrang Dal workers reportedly barged into the home of a Muslim family that had been booked by the police on the cow slaughter complaint lodged by the outfit on Tuesday. Parveen Begum, 34, wife of Sarfuddin Hussain, one of those named in the FIR, said six people had forcibly entered their home in the Naya Bans area at around 6 pm on 5 December. They came "after the arrival of a reporter who was interviewing us regarding my husband's name in the FIR", said Praveen Begum. "Only women and children were present in the house. The women family members asked them to leave. But they stood silently gazing at everyone for about five minutes, and before leaving, told us not to speak to the media, otherwise they would see us again (" dekh lenge" )". Parveen Begum added that the intruders asked her to keep their house locked. Nafessa, Sarfuddin's aunt who also lives in the same area, said that she had seen a reporter at Parveen's house. She added, "I went there out of curiosity. After the reporter left, I saw a group of 5 to 6 people entering their house. They had parked their cars behind the house. After they came out, they were gazing in anger," she said. Sarfuddin's daughter, Arshi, 15, also said that while coming home from her tuition at that time, she saw 5-6 cars with Bajrang Dal flags on them. "I saw a group of 5-6 people coming out of our house and going back in their cars. There were around 4-5 cars which had other men around in them". The Hussain family informed the Nagar Palika chairman about this and will be lodging an official police complaint. Subodh Singh's family at Yogi Adityanath's official residence. Image sourced by 101Reporters Meanwhile, Yogesh, the prime accused in the FIR relating to the mob violence, was absconding till the time of writing, according to the police. However, Bajrang Dal's Uttar Pradesh general secretary Balraj Dungar said that he had surrendered to the police on Wednesday, 5 December. "Yogesh had informed the police that on 30 November, 31 cows were slaughtered in Bulandshahr villages," said Dungar. "But the police did not do anything. This angered the public and sparked violence, and a policeman was killed when people were protesting against the illegal cow slaughter". It needs to be mentioned that a Vishwa Hindu Parishad (VHP) worker, Shikhar Agarwal, held a meeting with the Bajrang Dal workers on 2 December in Syana. Agarwal, who belongs to Jawahar Gunj in Syana, is also one of the 27 accused named in the FIR relating to the mob violence. In a video that he released on Wednesday, Agarwal accused the late SHO of Syana police station, Subodh Kumar Singh, of instigating the riot in order to avoid the registration of a case of cow slaughter. "We filled the remains of gau mata in a tractor trolly and were bringing it to Chingrawati police station when Subodh Kumar Singh stopped us and told us to bury the carcass right there. We told him that this tractor has to go in front of the people, and after a long argument with him, we proceeded towards the station." Agarwal says in the video that he met deputy District Collector Avinash Chandra Maurya and told him that Subodh Kumar Singh had threatened to shoot him or anyone who proceeds with the tractor. He also accused the slain SHO of flaring communal divide in Syana by saying that Singh "colluded with Muslims to hurt women of our community." "I trust the Yogi government will hold a fair inquiry in this case, and I should be hanged if I am guilty, or let free if I am not." Yogesh, now in his mid twenties, loves to be called a Ram bhakt, and has apparently been an active member of Bajrang Dal since the age of 16 and is at present district coordinator of the Bajrang Dal in Bulandshahr, according to Balraj Dungar. A law student in DAV College in Bulandshahr, Yogesh had developed a reputation of being vocal on the issues of Hindutva, cow slaughter and his rantings against Muslims. On 29 October he, along with other Bajrang Dal workers, had protested against alleged cow slaughter on the outskirts of Surajpur Makhaina village in Bulandshahr and even got an FIR registered in this connection against two Muslim residents Laddan and Rifaqat. The Anoopshahr police, where this case has been lodged, said investigation is still on and no one has yet been arrested. Mohammed Hussain (left) and Mohammed Sabir (extreme right). Image: 101Reporters In his latest complaint, Yogesh claimed illegal cow slaughter happened during the three-day Tablighi Ijtema (an Islamic congregation) from 1-3 November. Habib Rehman, also a resident of Naya Bans said, " Yogesh often shows disaffection with the Muslim community. He has held many rallies in which he raises slogans like 'agar Bharat mein rehna hai toh Jai Shree Ram bolna padega ' (If you want to live in India, then you have to chant Jai Shree Ram)". "Yogesh has also complained about the loudspeaker in the mosque," said Shamim Khan, another Naya Bans resident. "The police banned our loudspeaker in May 2017 after several of his complaints." Mohammad Hussain, a cloth trader and resident of Naya Bans, added, "Yogesh's request to turn off the loudspeaker was turned down many times by my brother Sarfuddin, who was the manager of the mosque". The loudspeaker was finally turned off when Yogesh claimed that the mosque is a madrassa and hence, cannot use loudspeakers. Meanwhile, Inspector General (Crime) SK Bhagat told the media on Wednesday that preliminary investigation suggests that the carcass was at least two days old, though firm conclusions can be drawn only after getting the forensic report. Uttar Pradesh Chief Minister Yogi Adityanath met the wife and son of slain inspector Subodh Kumar Singh on 6 December. (The authors are freelance writers and members of 101Reporters.com ) 22:04 PM Tags : Bajrang Dal , Bulandshahr , Bulandshahr Violence , ConnectTheDots , Cow Slaughter , Cow-Related Violence , Subodh Kumar Singh , Uttar Pradesh , Vishwa Hindu Parishad Also See
thehindubusinessline.com 2018-12-06 16:03:00
PTI T+ T- Mumbai, December 6 The Confederation of All India Traders (CAIT) on Thursday said it has urged Finance Minister Arun Jaitley to extend the last date for filing the annual goods and services tax (GST) return from December 31, 2018 to March 31,2019. In its communication to the Finance Minister, CAIT said the format of filing of annual GST return is not available anywhere including the GST Website. "Under such circumstances it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing annual GST return up to March 31 2019 for the period 2017-18," it said. Published on
thehindubusinessline.com 2018-12-06 15:52:00
UP announces procedure for SGST relief to multiplexes T+ T- New Delhi, December 6 Shishir Sinha Multiplexes such as PVR, INOX and GGN can heave a sigh of relief as the Uttar Pradesh Government has announced detailed procedures for refund mechanism under Goods and Services Tax (GST) for multiplexes in the State. It is the second State after Rajasthan to announce such a mechanism. There are over 8,700 screens (both multiplexes and single screen) in India, out of which nearly 500 are in Uttar Pradesh alone. The basic principle of GST does not promote exemption, but prescribes for deposit of taxes due. However, both the Centre and States can prescribe refund mechanism in lieu of exemption to continue promoting industrial activities in their respective region. Accordingly, beneficiaries will first have to deposit the tax and then they will be given refund. The UP Government, in its Cabinet meeting on November 20, decided to have such a mechanism for the multiplexes/cinema theatre and has come out with details about "the limits and procedures of grant-in-aid given as an incentive to multiplexes/cinema theatres after the GST regime." This will be applicable to both running and under-construction entities. The need for such a policy arose after the entertainment tax was subsumed in the GST. Prior to introduction of GST, the State Government offered incentive in the form of five-year tax exemption to multiplexes. As part of the scheme of exemption, multiplex companies were allowed to retain 100 per cent of the entertainment tax charged in the first year, 75 per cent in the second and third years, and 50 per cent charged in fourth and fifth year of operations, respectively. There was question mark on continuation of such incentive post GST which forced many multiplexes to seek legal recourse for the continuation of the scheme. The Yogi Government then came out with the detailed procedure. Abhishek A Rastogi, partner at Khaitan & Co, who is the arguing counsel for various petitioners, termed this a big step forward towards the promises made to businesses and said that UP has lived up to the expectations. "It is to be seen whether the Central Government also offers similar benefit. However, the quantum of benefit granted is not the same as that promised in the past and hence the dispute to that extent may remain before the courts in case of few multiplexes. The State may consider extension of time to meet the deficit," he said. How reimbursement works According to circular dated December 3, the licence holders for the multiplexes/cinema theatres need to deposit the SGST (State Goods and Services Tax) collected from the viewers in State treasury. Within a month, by the pre-determined procedure and as per the allocated budgeted, the equivalent amount of the SGST collected from the viewers will be transferred in the account of the concerned multiplexes/cinema theatres. For all such units covered under incentives schemes before the application of GST regime and have incentive in the form of grants-in-aid, the amount of SGST deposited by them will be reimbursed as permissible on annual percentage basis. Various multiplex have different dates for the beginning of such incentives which will continue for five years. A senior State Government official said under the new mechanism, effort is to ensure commitment for the period as promised during the pre- GST regime. Earlier, the Rajasthan Government, in its new policy, decided to refund 50 per cent of the State GST collected on tickets to multiplex owners, who were promised exemptions. Published on
thehindubusinessline.com 2018-12-06 13:14:00
It has over 150 hospitals and around 17,000 beds for patients across the country New Delhi, Dec 6 The Employees' State Insurance Corporation (ESIC) has allowed public other than its subscribers to avail medical services at its under-utilised hospitals. The decision was taken during the ESIC's 176th meeting held on December 5 under the chairmanship of Labour Minister Santosh Kumar Gangwar, a labour ministry statement said. The decision will immensely help common people avail quality medical care at low cost and ensure full utilisation of ESIC hospital resources, it added. In the meeting, it was decided to allow non-insured persons to avail medical services at under-utilised ESIC Hospitals after levying user charges at a subsidised rate of Rs 10 for outpatient department (OPD) consultation and at 25 per cent of Central Government Health Services' package rates for in-patients, the statement said. Also, the ESIC will provide medicines on actual rate initially for one year on a pilot basis. The ESIC has over 150 hospitals and around 17,000 beds for patients across the country. Recruitment It has also approved hiring of full-time contractual staff in various departments to meet the shortage of specialist/super-specialist doctors in some of its hospitals. The recruitment to 5,200 posts such as social security officer, insurance medical officer Grade-II, junior engineers, teaching faculty, paramedical & nursing cadre, upper division clerks and stenographers, among others, in the ESIC is under process, it said. Exemption limit enhancement In a major move, the labour ministry has decided to enhance the exemption limit for payment of employees' share of contribution from Rs 137 to Rs 176. This comes in the wake of rise in the national floor-level minimum wages to Rs 176. Among the officials present at the meeting were Labour and Employment Secretary Heeralal Samariya, ESIC Director General Raj Kumar and senior officers of the ministry. Published on
firstpost.com 2018-12-06 13:06:00
Tweet New Delhi: The government may find it "difficult" to respond to calls for relief package for the telecom sector given the differences among operators on financial stress, a source said. At the same time, there is some movement on the sector's other demands including a review of import duty on telecom equipment, said the senior government official who did not wish to be named. Telecom sector has been battered by falling tariffs, eroding profitability, and mounting debt, in the face of stiff competition triggered by disruptive offerings of Reliance Jio, owned by Mukesh Ambani. The industry association has been seeking urgent relief measures for the troubled sector, entailing debt restructuring, cut in levies like licence fee and spectrum charges, and release of GST input tax credit locked up with the government. Representational image. Pixabay The official familiar with the ongoing parleys, said action has been initiated for a way out on two of the concerns -- review of import duties for telecom equipment and GST payments locked up with revenue department. However, the telecom players are not speaking in one voice on the overall issue of financial stress. This, the official explained, makes it "difficult" for policy makers to respond to operators' call for 'relief package'. Without naming any particular company, the official said while certain operators had expressed concerns on severe liquidity crunch in the sector and high spectrum payments, one of the key players had disagreed with the position. This polarisation reflected in the industry association's representation to the government too. On issues like GST where there is convergence of views within the industry, the telecom ministry has already taken up the matter with revenue department. Also, a committee has been set up to look into the issue of recently-hiked import duty on telecom equipment, the official said adding that the panel comprises officials from revenue department, electronics and IT ministry, communications ministry and Ministry of Commerce. Recently, billionaire Kumar Mangalam Birla, head of India's biggest telecom company Vodafone Idea had sent an SOS to the government for deferring statutory payments in a sector that is not generating enough cash to even service loans. The Vodafone Idea Chief had also expressed concern over Rs 30,000 crore that is locked up on account of GST payment under 'reverse charge mechanism'. Over the past few years, India's telecom market has become cut-throat where nearly a dozen players jostled for market share, pummelling the call rates to amongst the lowest in the world. Competition has only intensified since 2016, when Reliance Jio Infocomm stormed into the market and offered free calls and dirt cheap data. This triggered consolidation in the industry. Last month, at its maiden earnings announcement as a joint entity, Vodafone Idea reported a consolidated loss of Rs 4,973 crore for the September quarter and announced a fund infusion of Rs 25,000 crore to help it take on the brutal competition. Bharti Airtel reported a drop in consolidated net profit for the 10th straight quarter as losses on mainstay India business widened due to pricing pressure from aggressive competition. Overall, its profit of Rs 118.8 crore in July-September represented a drop of about 65 per cent from Rs 343 crore in the year-ago period. Airtel's loss from India operations (before exceptional items) mounted to Rs 1,646.4 crore in the second quarter of the current fiscal compared to about Rs 940 crore in the preceding three-month period. Meanwhile, on recent reports that railway ministry has sought 5G spectrum in 700 MHz band, the source said telecom department has pointed out the pros and cons of such a proposal, and that the Cabinet will take a decision on the matter. The department is believed to be of the view that the band has the potential to provide services to a significant portion of Indian population, and hence public services could get affected if it is allotted to the railways. Updated Date: Dec 06, 2018 18:36 PM
firstpost.com 2018-12-06 12:27:00
Mumbai: The Confederation of All India Traders (CAIT) on Thursday said it has urged finance minister Arun Jaitley to extend the last date for filing annual goods and services tax (GST) return from 31 December, 2018 to 31 March, 2019. Representational image. News18. In its communication to the finance minister, CAIT said that the format of filing of annual GST return is not available anywhere including the GST website. In fact, the option itself is not available. "Under such circumstances, it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing annual GST return up to 31 March, 2019 for the period 2017-18," it said. CAIT also urged that format should be made available in regional languages. It noted that the concept is still unclear to a large number of traders and most are not even aware of the obligation of filing annual GST return. Moreover, they are unaware that annual return is the last opportunity for assessees to rectify their previously filed return with the department for the concerned year. This would help avoid any denial of the input tax credit which in turn could also be resulted in unwanted tax recovery, it said. Updated Date: Dec 06, 2018 17:57 PM
btvi.in 2018-12-06 12:25:00
ESIC allows people other than subscribers to avail OPD services at its hospitals ESIC allows people other than subscribers to avail OPD services at its hospitals File photo: Logo of ESIC is seen in this illustration photo. Dec 06 2018 1 hrs ago New Delhi: The Employees' State Insurance Corporation (ESIC) has allowed public other than its subscribers to avail medical services at its under-utilised hospitals. The decision was taken during the ESIC's 176th meeting held on December 5 under the chairmanship of Labour Minister Santosh Kumar Gangwar, a labour ministry statement said. The decision will immensely help common people avail quality medical care at low cost and ensure full utilisation of ESIC hospital resources, it added. In the meeting, it was decided to allow non-insured persons to avail medical services at under-utilised ESIC Hospitals after levying user charges at a subsidised rate of Rs 10 for outpatient department (OPD) consultation and at 25 per cent of Central Government Health Services' package rates for in-patients, the statement said. Also, the ESIC will provide medicines on actual rate initially for one year on a pilot basis. The ESIC has over 150 hospitals and around 17,000 beds for patients across the country. It has also approved hiring of full-time contractual staff in various departments to meet the shortage of specialist/super-specialist doctors in some of its hospitals. The recruitment to 5,200 posts such as social security officer, insurance medical officer Grade-II, junior engineers, teaching faculty, paramedical & nursing cadre, upper division clerks and stenographers, among others, in the ESIC is under process, it said. In a major move, the labour ministry has decided to enhance the exemption limit for payment of employees' share of contribution from Rs 137 to Rs 176. This comes in the wake of rise in the national floor-level minimum wages to Rs 176. Among the officials present at the meeting were Labour and Employment Secretary Heeralal Samariya, ESIC Director General Raj Kumar and senior officers of the ministry.