Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The Congress took out marches and observed bandh at several places on Saturday to protest against rising fuel prices.
It is the seventh reduction in jet fuel rates since August
The government has readied a big legislative agenda for the Monsoon Session of Parliament beginning Monday even as the Opposition is raring to corner the ruling dispensation over a host of issues, including handling of the second wave of COVID-19, rise in fuel prices and farmers' stir.
Earlier, the Home Ministry had raised concerns over the use of Aadhaar number as a single source of identity verification.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
With rupee falling to new lows, losses on diesel and cooking fuel have widened to their highest levels this year, upsetting the government's subsidy maths.
'Throw away all perishable foods that have been left at room temperature for more than two hours,' suggests dietician Komal Jethmalani.
Expect Modi to speak about internal security, terrorism, agriculture, the Triple Talaq Bill, the SC/ST Bill and, of course, the controversial NRC.
The Modiquake has devastatingly hit all Opposition, says Nazarwala.
Pick one of these three recipes shared by Mumbai food blogger Satyajit Kotwal.
To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies, she said.
Manasi Sadarangani shared these recipes.
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore. The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.
'Our love for our great nation -- Bharat is second to none and our patriotism towards our motherland -- India is for the entire nation to emulate.'
'Now Mr Modi has been offered a more real but different kind of war, which he has likened to the Mahabharat,' notes T N Ninan.
A group of four-five 'Nihangs' (Sikhs armed with traditional weapons and dressed in loose blue top) were travelling in a vehicle and they were asked to stop at a vegetable market by the Mandi board officials at around 6.15 am, police said.
Addressing the nation on Independence Day, the prime minister also spoke on renewable energy and the need to maintain a balance between development and the environment. Referring to the National Clean Air Programme (NCAP), launched in January 2019, Modi said, "A special campaign is being worked out to reduce pollution in 100 selected cities with a holistic approach."
Pahal looks to cut down diversion and eliminate duplicate.
The loss on diesel sales has inched up marginally to Rs 8.37 a litre even as a surge in international oil rates and a weakening rupee wiped out gains from a 50 paise increase in the price of the fuel.
The broad direction for the reform process will continue to be positive.
Capital markets regulator Sebi has kept the proposed Rs 4,500-crore initial share-sale of edible oil major Adani Wilmar Ltd (AWL) in "abeyance". However, the Securities and Exchange Board of India (Sebi) did not clarify further. The company had filed preliminary papers with Sebi on August 3, to raise funds through an initial public offering (IPO).
To cut subsidy bill and reduce fiscal deficit, the previous United Progressive Alliance government had restricted the number of subsidised domestic cylinders per household to six every year in September 2012, revising it to nine the following January
The government-appointed Kirit Parikh committee suggested an 'immediately' hike prices of diesel by Rs 5 a litre, Rs 4 per litre in kerosene and Rs 250 per cylinder in LPG, reduce annual entitlement of subsidised cooking gas cylinder from six from nine and phase out diesel subsidy in one year to cut a record subsidy burden.
The move would help the PM Modi shape a women-centric narrative.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
Govt unlikely to cut excise duties to compensate for higher global prices, say analysts.
Never skip your meals during a climatic transition, warns Dr Siddhant Bhargava.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
One of the reasons is that the retail prices are not bench-marked to crude but their respective international benchmark prices.
EY said out of the nearly Rs 21 lakh crore package, Rs 8.01 lakh crore is on account of liquidity enhancing measures taken by the RBI since February.
Rediff reader Surupa Sengupta shared the recipe.
'India is nowhere near the peak of the infection given its large population of 1.3 billion'
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
The best way to win his heart is through good food.
Only 48.3 per cent of the rural households used LPG, while the figures were much higher in urban areas at 86.6 per cent, according to a NSO report.
'Is Modi failing is the question which the BJP will begin to ask itself,' says Amulya Ganguli.
'Rakesh's life is hard, but he knows how to find joy.' 'He doesn't think his life's value comes from money. He sees no shame in his poverty.'
The loss, which is made good through government subsidy, has declined since March as the rupee strengthened against the dollar and global oil prices softened.
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