Monthly Archives: January 2017

Economic Survey 2016-17 -Apparel and Leather industry key for job generation

By | January 31, 2017

Apparel and Leather industry key to generation of formal and productive jobs: Economic Survey 2016-17 Economic Survey recommends reforms in labour and tax policies to make the Apparel and Leather sector globally competitive Apparel and Leather & Footwear sectors are eminently suitable for generating jobs that are formal and productive, providing bang-for-buck in terms of… Read More »

Economic Survey 2016-17 – Labour migration in India increasing at accelerating rate

By | January 31, 2017

Labour migration in India increasing at an accelerating rate, reveals new study: Economic Survey 2016-17 New estimates of labour migration in India have revealed that inter-state labor mobility is significantly higher than previous estimates. This was stated in the Economic Survey 2016-17 presented by the Finance Minister Shri Arun Jaitley in the Parliament today.  The… Read More »

Economic Survey 2016-17 -Redistributive Resource Transfers (RRT) should be significantly linked

By | January 31, 2017

Redistributive Resource Transfers (RRT) should be significantly linked to fiscal and governance efforts on the part of the states: Economic Survey 2016-17 Annual per capita RRT flows for all North-Eastern States (except Assam) and Jammu & Kashmir have exceeded the annual per-capita consumption expenditure that defines the all-India poverty lines, especially the rural line. The… Read More »

Economic Survey 2016-17 -Fiscal activism embraced by advanced economies not relevant for India

By | January 31, 2017

Fiscal activism embraced by advanced economies not relevant for India: Economic Survey 2016-17 India’s economic experience underscores fundamental validity of fiscal policy principles in FRBM Act 2003: Economic Survey 2016-17 India’s economic experience shows that the fiscal activism embraced by advanced economies- giving a greater role to counter-cyclical policies and attaching less weight to curbing… Read More »

Economic Survey 2016-17 advocates reforms to unleash economic dynamism & social justice

By | January 31, 2017

Economic Survey 2016-17 advocates reforms to unleash economic dynamism and social justice India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them. This was stated in the Economic Survey 2016-17 presented in the Parliament today by the… Read More »

Invoices in name of employees , No denial of Cenvat Credit :ITAT

By | January 31, 2017

Held Even though the invoices are not in the name of the appellant but it is in the name of the directors and the employees of the company, credit should be allowed for the reason that all these expenditure were incurred by the appellant company and the same is not under dispute, therefore even though… Read More »