Government is considering a package of tax incentives for the labour-intensive leather and gems and jewellery sectors in the forthcoming Budget to provide a boost to manufacturing as well as exports.
Leather and leather goods sector is a focus area under the ‘Make in India’ initiative of the central government and the aim is to increase its exports to USD 15 billion by 2020 from the current USD 6 billion.
The Commerce and Industry Ministry in its suggestions for the Budget 2016-17, has recommended several initiatives including elimination of customs duty on imported leather machinery from about 26.5 per cent currently, sources said.
It has also sought excise duty reduction for all leather and non-leather goods of up to Rs 2,000 and increase in the abatement rate to 35 per cent from 25 per cent.
These suggestions, if implemented, will help in assisting technology upgradation, capacity modernisation, expansion of manufacturing sector and achieving the USD 15 billion exports target, sources said.
Council for Leather Exports Chairman Rafeeq Ahmed said that the sector employs about 3 million people and support is required to boost the sector.
“Big expansion plans are there in the sector and for that imported machinery is required because 95 per cent of the machinery for tanning and footwear is imported,” he said.
Footwear currently attracts an excise duty of 12.5 per cent.
For gems and jewellery, which is also the thrust sector under the ‘Make in India’ programme, the industry has asked to raise customs duty to 15 per cent from the current 10 per cent and abolish the excise duty from the current rate of 6 per cent on imitation jewellery.
The suggestions assumes significance as the popularity of Indian imitation jewellery across the globe is increasing and there is a huge demand in countries including the US and Europe.
“Extending the tax benefits to the sector will enable competitive manufacturing in the country and also boost exports,” sources added.
Union Finance Minister Arun Jaitley will unveil the Budget on February 29.
Contracting for the 13th month in a row, India’s merchandise exports fell 14.75 per cent in December to USD 22.2 billion due to a steep fall in shipment of petroleum products and engineering goods amid tepid global demand.PTI
Union Minister M Venkaiah Naidu today accused the Congress of being “intolerant” towards mandate of people and indulging in excuses to block the bills and the Parliament proceedings.
“… there is no excuse at all…Congress should stop making excuses and blocking the bills. Obstruction and blocking of the bills is blocking progress of the country. And it is Congress which is making excuses saying we are being not consulted,” the Union Parliamentary Affairs Minister said.
“We never ignore anybody, we are consulting all parties. Umpteen number of times, Congress has been spoken to. Even Prime Minister has invited Congress president and even I have been to the house of Congress President twice…there is no question of ignoring,” Venkaiah said.
“What we inherited from Congress party is fiscal deficit, revenue deficit, trade deficit, current account deficit and above all trust deficit. Now those deficits are over and India is moving forward and they should recognise that and should not find excuses to block the bills and block the Parliament,” he said.
The senior BJP leader accused the Congress of being “intolerant” to people’s mandate and asked the party to realise it and support the government.
“They (Congress) should function democratically and they should understand the spirit of democracy and respect mandate of people. They are intolerant towards the mandate of the people. Mandate is for Modi, mandate is for development and mandate is for good governance,” he said.
Let the Congress also realise this and support the government, instead of bringing lame excuses, Venkaiah said.
He sought to know where are the excuses (from the government side). Prime Minister Narendra Modi is moving ahead and now international recognition and respect has come to India, he stressed.
Venkaiah said worldwide economy has slowed down, but India is moving forward. India is the most favourite destination, according to World Bank, ADB, IMF, World Economic Forum and everybody is saying with one voice.
“(There is) International slow down, China is going negative and India is moving forward…where is the question of finding excuses?” the Union minister asked.
He was reacting to Congress vice-president Rahul Gandhi’s recent comments that the PM should stop making excuses and start running the country.
Social security measures are being taken up, he said, adding that 20 crore bank accounts were opened and PM crop insurance scheme has been launched.
On the forthcoming Budget session, he said, “In the upcoming Parliament session my priority is GST bill, Real Estate Development bill, Bankruptcy bill. There are few more bills. I only hope the Opposition parties also join hands together to pass these progressive bills which will help the country,” Venkaiah said.
The GST in fact will increase the GDP by 1.5 to 2 per cent. That being the case, I don’t think why anybody should oppose the bill, except for political reasons, he said.
“Obstructing the bill is obstructing the progress and growth of the country and affecting the poor and common people. I hope the political parties understand this and come forward to support,” he added.
CBI has arrested a Haryana Income Tax Deputy Commissioner and his aide for allegedly accepting a bribe of Rs two Lakh from a private firm proprieter for giving relief while levying penalty.
CBI sources said Deputy Commissioner in Sirsa Nitin Garg was arrested late last night.
The agency said that the proprieter of the private firm based in Sirsa had received an I-T notice seeking certain information under Income Tax Act for the assessment year 2013-14.
“It was alleged that the complainant was threatened that in case the bribe was not paid, heavy penalty will be imposed on him. The Deputy Commissioner instructed his aide to accept the money,” CBI spokesperson R K Gaur said here.
He said that Garg allegedly demanded a bribe of Rs two lakh for not imposing heavy penalty.
The agency laid a trap and Garg and his aide, a resident of Bhatinda in Punjab, were arrested while allegedly accepting the bribe, he said.
“Searches were conducted at the residential and official premises of the accused which led to recovery of cash Rs 15.60 lakh, gold weighing 1620 grams, diamonds worth around Rs 60 lakh, silver amounting to Rs five lakh, 26 bank accounts in his name and that of his family members. Both the accused will be produced today in a competent court,” he said.
India established early dominance in the weightlifting competition by grabbing two gold medals on the first day of competitions in the 12th South Asian Games here today.
Saikhom Mirabai Chanu, silver medalist at the 2014 Commonwealth Games, opened the medal account for India in weightlifting in women’s 48kg weight category.
She lifted a total of 169kg (79kg in snatch + 90kg in clean and jerk). All her efforts in snatch, clean and jerk and total are South Asian Games records as women’s weightlifting has been included for the first time in the SAG.
Dinusha Hansani Bomiriyaga Gomas of Sri Lanka won the silver with a total lift of 145kg (65kg+80kg), while Molla Shabira of Bangladesh bagged the bronze medal with an effort of 143kg (63kg+80kg).
Gururaja bagged the second gold for India by winning the men’s 56kg event with a total lift of 241kg (104kg + 137kg) on the opening day of the competitions today.
Chathuranga Lakmal of Sri Lanka won the silver with a total lift of 239kg (111kg + 128kg) while Abdullah Ghafoor of Pakistan bagged the bronze with an effort of 227kg (102kg +125kg).
India had won three gold and a silver in men’s weightlifting in the last edition in Dhaka in 2010.
pti
Megastar Amitabh Bachchan has reached 23 million followers on Facebook.
Bachchan, who is currently in Maldives with his family, celebrated the milestone by thanking fans for their continued support.
“23 MILLION !! Followers…!! Thank you all for this milestone… Would be nothing without your support…,” he wrote.
“A strange coincidence too… 23 Million … 23 .. 2+3=5 … The 5th day of February… Abhishek’s Birthday .. !!! How strange!!,” Bachchan, 73, added.
The “Piku” star’s Facebook account has been a one stop destination for his fans to connect, interact and engage with the actor.
Bachchan, who is yet to beat Salman Khan (29 million) on Facebook, however, surpassed Priyanka Chopra (18 million), Shah Rukh Khan, Akshay Kumar (both 17 million) and Aamir Khan (15 million).
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Fortnite is available on different platform such as the PC version, PS4, Xbox and iOS.
Epic Games have announced that Fortnite will be soon available for Android users too.
You can find out more information regarding the availability of Fortnite on their Facebook, Twitter, Instagram or their original website page. Additional information about the game can be found right here: Wikipedia.
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Find or construct crazy weapons and traps and protect your cities from the bizarre Monsters that rise amid the Storm. to urge weapons youll be able to use fortnite non-public cheat. In associate degree activity encounter from the main organization sufficiently sensible to attach cutting tools to firearms, get out there to obstruct the Storm and spare the globe. furthermore, bear in mind to Loot all of the things ?
Fortnite is that the living, activity building amusement utilizing Unreal Engine four from Epic Games. You and your companions can lead a gathering of Heroes to recover and remake a country that has been left void by puzzling murkiness simply referred to as “The Storm”.
Heroes
While each character in Fortnite can fabricate, investigate, and stand their ground on the combat zone, every class is suited to a selected form of play on account of Associate in Nursing assortment of talents and bonuses unsecured through its experience tree. Fortnite E.S.P. works sensible too. There’s at the present just four fundamental playable classes, nevertheless as the amusement creates through Alpha, Beta, early get to, and past, there’s planned to be several distinctive categories. each principle class has many Sub categories of the two sexual orientations.
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So, districts square measure clear territories in each guide area. The locales are be littler, themed territories with various missions and assignments to satisfy, for example, ensuring radiolocation dishes, safeguarding survivors, or closing vitality doors from approaching creature waves.
Above all begin with, players need to choose the difficulty from the guide areas, that ar isolated into various districts spoke to with a hex-matrix.
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By the way the Monsters in Fortnite! They’re terrifying, fascinating and really a control to battle and everything begins with our go-to gathering of baddies…the Husks. thats to mention, these of us (and ladies) have “hoodies” that simply happen to be faces…FACES! moreover, they can return at you in all the courses, from the out-dated full frontal attack, to a harmful burp that puts my garlic breath to disgrace. There’s even one “dazzling woman” World Health Organization tosses flaring skulls at you. UN agencyse skull? Who is aware of, but they are flaring skulls!
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System Requirements
This game is playable on Windows, macOS, PlayStation 4, and Xbox One.
Component | Minimum | Recommended |
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Studio Epic Games is no longer a novice on the enjoying field and happy gamers with quality releases, which successively brings a gentle growth of the corporate.
First huge project from Epic Games was MOV, but nowadays we have a tendency to throw his gaze to the creature known as Fortnite.
We’ll survive, we will build and erect your grandness.
The basic plan of the game is that the construction of fortifications, placed traps, and destroy hordes of bloody-minded zombies, as you like.
On this yum-yum complete, and it introduced power barriers with parachutes, the questionable Battle Royale.
To all same settled within the head down, it will be necessary to check the data that will be denote below.
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Private cheat for fortnite works great! Sweetsweet standard: the planet covered by an epidemic, and you will be saved, not to become a victim of zombies. everyone has long legendary concerning zombies, however they behave, and what i prefer for Breakfast.
And the plot is tied platitudinous — virus absorbs the ground, you in the company of comrades-in-arms ar the extant citizens United Nations agency ought to look forward to the squad that they evacuate. town already tally live cities, rather, it is a big disruption, however all isnt lost, everywhere youll be able to notice one thing useful. And if your hands are not hooks, its attainable to make a bolster that may not only save your life however sister.
As for PvP, a handful of individuals out of a hundred people do not perceive however I finished au fait the island, but it love it anyway, they are all around destroying and assembling stuff, creating stuff that profit.
Management
Management and interfeisu the game implements the classic control system with a simple and intuitive interface
As with many such projects, the management is applied by victimization the WASD keys, jump with “Space”.
All this fruit compote accessorial hotkeys, they have to build and collect the desired items. normally terms, governance is nothing over a classic of the genre.
As for the games interface, this theme is enforced conveniently and easily. The menu highlighted some buttons settings, shop or my hero.
In the game the law of the genre, we tend to see the indicator of health, armor, a list of items and how much they take up area in the backpack.
Gameplay
Resourceheavy distinction from Left four Dead is the ability to make their own fortifications, the required resources
Let’s start manner of describing the gameplay in Fortnite with PvE, because he first saw the sunshine.
It is different from that of Left 4 Dead because here youll build your own Fort. Agree, it’s still better than running and hiding, being in constant danger.
For construction youll use any temporary suggests that, as an example, wood, brick, metal, etc. most importantly, don’t ignore the traps, these devices bring many edges and save your life.
As it all comes down not solely to battles however conjointly to the development of protective parts, so it is price considering what resources youll would like for the construction of protection.
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Aimbot is sweet type of fortnite hacks too. This resource is one among the best to obtain, it is simple to seek out and simply to tighten his base, however build it so-so(fragile and unreliable).
Stone. The second difficulty of getting, it is already additional durable than the wood and stone youll already start building for a protracted time.
Metal. This resource is that the durable and resistant, it will withstand even the most powerful enemy, however, comes terribly rarely, thus I actually have to step it up.
In available buildings include: walls, ceilings, ramps and stairs. a way to apply them, every chooses for himself. fascinating and extraordinary sense can carry the ramp, zombies cant force him to interrupt and type Pandora allows you to change the trajectory of the flow of zombies, you will be a sort of keeper that directs the zombies to the correct place.
Fighting in Fortnite
Combat systembau consists of 2 parts: initial fortifications were designed, then recorded zombie attack
Any battle will be divided into 2 elements, first we tend to collect and build, and second, to repel the attacks zombar.
The player starts from the foremost easy and uncomplicated weapons, there is a club or hammer that may fall.
Since this is a going day, you forever will not have enough ammunition, you always can attempt to survive during this world, will got to get resources directly during the battle.
Moving through the story, raising its level, youll unlock new instrumentality and weapons with traps.
Oh, and your weapons from time to time can break down(will fix).
Hopscotch
As in several similar comes, youll be able to opt for one in every of four characters to participate in battle. Of course, they need variations, both in combat and out of combat.
Soldier. Unit is quite simple however good with a gun.
Ninja. Shoots so-so or doesnt know how, and within the battle royal he has no equal.
Builder. He doesnt participate within the battle, and constructing protecting structures, makes it faster employees, victimisation abundant less resources.
Wanderers. conjointly dont participate in battles, but are looking for excellent resources better than any dog.
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As many as 74 drugs, including life saving ones used for treating cancer and HIV, will see sharp rise in prices as the government has withdrawn customs duty exemption on their imports.
The Central Board of Excise and Customs (CBEC) last week issued a notification withdrawing exemption of levy of basic customs duty on as many as 74 drugs.
The medicines on which customs duty will now be imposed include the ones used for treating kidney stones, cancer chemotherapy and radiotherapy, life-threatening heart rhythm disorders, diabetes, Parkinsons disease, bone diseases, antibiotic to treat infections.
Besides, drugs used for bacterial infections, leukemia, anesthetic medication, human immunodeficiency virus (HIV) or hepatitis B virus cells, allergies, arthritis, lupus and ulcerative colitis might also see spurt in prices.
Also drugs used in blood dilating medicine or for treating menopause, glaucoma, anogenital warts, poisoning by a chemical or pesticide, growth failure in children and adults who lack natural growth hormone would also attract customs duty.
“The withdrawal of exemption from basic customs duty for certain drugs and medicines including life-saving drugs is intended to provide protection to the domestic manufacturing industry and enhance the attractiveness of make in India initiative,” KPMG India Partner and Head of Indirect Tax Sachin Menon said.
“An increase has also been made in the customs duty rates of certain life saving drugs such as abciximab, anti-rabies immunoglobin, FSH, procarbazine and saquinavir to 35 per cent,” Deloitte in India Senior Director MS Mani said.
These changes signify the intention of the government to promote domestic manufacture of these items as imports would now become more expensive, Mani said.
Menon said the move seems to be in line with the governments objective to rationalise the duty exemptions. PTI
Leading industrialists in the US have attended a ‘Make in India Week’ seminar in Chicago, during which several American companies showed interest in reaping benefits of the opportunity to invest in India.
‘Make in India’ is one of the flagship schemes of the Indian government which is aimed at transforming Indian economy from services driven growth model to intensive manufacturing-driven growth not only to increase productivity but also to promote India as an international manufacturing hub, Consul General of Indian Consulate in Chicago Ausaf Sayeed said yesterday.
There are at least 30 key economic sectors which international companies can consider for setting up manufacturing bases in India, Sayeed said, adding that the manufacturing sector in India offers investments worth Rs. 67 lakh crore (USD1 trillion).
“There is considerable synergy between states in India and those in the US Midwest and this could be effectively utilized to boost the manufacturing sectors in both countries,” he said.
The Illinois Chief Information Officer Hardik Bhatt has termed Illinois as one of the most important business partners of India as he expressed desire to collaborate with India in developing smart cities.
Mr Bhatt recently held interactions with the visiting high-level trade missions from the Indian states of Andhra Pradesh and Karnataka.
“Prime Minister Modi’s government has made steady progress to deliver on its promise of economic reforms,” Director and Legal Policy Counsel of US-India Business Council (USIBC) Amy Hariani said.
“Efforts such as lifting of FDI caps in several sectors, reducing red tape, implementing a transparent tax environment, improving the country’s intellectual property regime have sent a crystal clear message to the global investment community that India is ready and open for serious business,” she said.
Ms Hariani further added that the results of these efforts are also visible in India’s rise in the World Bank’s Ease of Doing Business Index.
The Indian Consulate in Chicago has mobilised four major business delegations, one each from the states of Minnesota, Illinois, Michigan and Missouri to participate in the ‘Make in India Week’, to be held Mumbai from February 13th to 18th.pti
The mosquito-borne Zika virus sweeping through Latin America has claimed three lives in Colombia, as the United Nations urged increased access to abortion because of fears of severe birth defects. In the first direct statements from government health officials blaming Zika for causing deaths, Colombia’s National Health Institute (INS) said on Friday that the patients died after contracting the virus and developing a rare neurological disorder called Guillain-Barre syndrome.
Cases of the syndrome — in which the immune system attacks the nervous system, causing weakness and sometimes paralysis — have increased in tandem with the Zika outbreak, fueling suspicions that it is a complication of the otherwise mild tropical fever, which is also blamed for causing brain damage in babies born to infected mothers. “Other cases (of deaths linked to Zika) are going to emerge,” said epidemiologist Martha Lucia Ospina, director of the INS.
“The world is realizing that Zika can be deadly. The mortality rate is not very high, but it can be deadly.” Most Guillain-Barre patients recover, but the syndrome sometimes causes paralysis or even death. Citing the rise in babies born with microcephaly, or abnormally small heads and brains, the UN human rights office urged countries hit by Zika to give women access to contraception and abortion. Women’s reproductive rights are a touchy subject in largely Catholic Latin America, but the UN human rights office said countries urging women to avoid pregnancy — a list that comprises Colombia, Ecuador, El Salvador, Jamaica and Panama — had to give them ways to control their fertility.
“How can they ask these women not to become pregnant, but not offer… the possibility to stop their pregnancies?” spokeswoman Cecile Pouilly told reporters.
Many Latin American countries outlaw abortion or allow it only if the mother’s life is in danger. In El Salvador, one of those warning against pregnancy, abortion is punishable by up to 40 years in prison. Honduras, which earlier this week declared a state of emergency after tallying some 3,700 cases of Zika since mid-December, said it is planning a full day dedicated to eradicating the mosquitoes that carry the virus. President Juan Orlando Hernandez has allocated an initial tranche of USD 10 million in an attempt to halt the spread of the virus.
President Pranab Mukherjee reviewed the Naval fleet off Visakhapatnam coast here on Saturday morning as a part of the International Fleet Review (IFR) being conducted here.
It is the the second time the IFR is being conducted in the country, the first being off Mumbai coast in 2001.
The President conducted the fleet review aboard INS Sumitra, the Presidential yacht. Six rows of warships of the Indian Navy and the navies of 50 other countries participated in the review, with the sailors saluting the President.
INS Vikramaditya, INS Viraat, and other ships of the Navy participated in it. The naval helicopters and submarines were also on display during the review. The IFR was witnessed by thousands of spectators from the shore.
Along with the President, Prime Minister Narendra Modi, Defence Minister Manohar Parrikar. AP Chief Minister N Chandrababu Naidu and the Chief of the Naval Staff, Admiral R.K Dhowan, were on board INS Sumitra to witness the event.
President Pranab Mukherjee said it was a memorable event off Visakhapatnam coast bringing together naval personnel of various nations, binding them together through the oceans.
Welcoming the foreign delegates, he said: “It is our belief that the present day maritime domain requires navies across the world to refocus their efforts to counter the rising tide of non-traditional maritime challenges in the brown, green and blue waters across all oceans.”
He said: “Accordingly, the Indian Navy has realigned its maritime strategy to reflect the changes in the global environment. It has established a credible record of co-operative initiatives to promote stability of oceans and played a central role in ensuring safety of the vital sea lines of communication across the Indian Ocean.”
The President complimented the Indian Navy, especially the Eastern Naval Command (ENC), for the flawless conduct of the prestigious event. He also congratulated the Andhra Pradesh Government and the public of Visakhapatnam for their co-operation.
At the end of the ceremony, the President was given a guard of honour by the Naval personnel. After his departure, the Prime Minister and other dignitaries disembarked from INS Sumitra and left the venue.
by: pti
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