KCCI calls it an eco-agri budget

[email protected] (The Hindu)
March 1, 2011

budget

Mangalore, March 1: The Union Budget has evoked mixed reaction from industry representatives here.

G.G. Mohandas Prabhu, president, Kanara Chamber of Commerce and Industry (KCCI), said that the Union Budget was an “eco-agri” budget. Its emphasis on agriculture and focus on cold chains was a far-sighted thought made by Union Finance Minister Pranab Mukherjee. The concessions to electric vehicles (EVs) would limit country's dependence on fossil fuels.

The Central Excise rates had been maintained, which was welcome. Industry circles expected an increase. However, nothing had been mentioned about tax, he said. About 130 items had been brought under the Central Excise (of a nominal 1 per cent). Implementation of direct taxes from April 2012 and the tabling in Parliament of the Goods and Services Tax (GST) Bill was welcome. The budget could have been more liberal on Income Tax, he said. The fiscal deficit of 4.6 per cent of the GDP indicated a robust economy.

B. Madhava, secretary, Dakshina Kannada district unit of the CPI(M), welcomed the doubling of the “miserably-low” salary of “anganwadi” workers. Connecting the wages of those working within the National Rural Employment Guarantee Scheme (NREGA) to the consumer price index was welcome, he said.

The Income Tax exemption for the middle classes and the proposal to reduce eligibility age for pension from 65 to 60 were good initiatives, he said.

But the budget was insensitive to the problems of the common man, according to him.

The Finance Minister's speech expressed concern over price rise but said nothing about controlling it. Strengthening of PDS was assured by political parties (that 35 kg of rice at the rate of Rs. 2 per kg would be given to each nuclear family) but never implemented, he said.

B.A. Nazeer, president, Kanara Small Industries' Association (KSIA), Baikampady, welcomed the implementation of Direct Tax Code (DTC) from April 1, 2012, and the introduction of Goods and Services Tax (GST) Constitution Amendment Bill in the present session of Parliament.

The proposal to enhance IT exemption limit by Rs. 20,000 was marginal compared to the high inflation rate. Excise duty could have been reduced to 8 per cent to stimulate the manufacturing sector particularly SSIs.

The SSIs' demand of increasing Central Excise limit to Rs. 3 crore had been ignored. No encouragement to SSI sector had been proposed, he said.


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News Network
July 15,2020

Kochi, Jul 15: Alisha P Shaji, a commerce student from Kerala's Kochi scored 499 out of 500 in the Central Board of Secondary Education (CBSE) class 12 results declared on Monday, wants to pursue a career in economics.

While talking to news agency on Tuesday, she said that she never joined coaching classes.

"I was surprised after knowing the unexpected result. I never expected this, I expected close to 98 per cent. I had five subjects to write but I could attempt only three as two were postponed. I am sad that I could not attempt them, but I am happy that I scored 100 in those subjects. In future, I want to pursue a degree in economics," she said.

"My friends, family and teachers are very supportive and I am thankful to them. I never went to tuitions. I used to study four to five hours a day," she added.

Alisha further said that she wants to give the message that it is okay to start late, but continuity is key to achieve good results.
CBSE on Monday had declared the results for Class 12 examinations 2020.

As per CBSE, with 88.78 per cent pass percentage this year for Class 12, the pass percentage has increased by 5.38 per cent. Last year, the pass percentage was 83.40 per cent. 

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Agencies
February 25,2020

Bengaluru, Feb 25: Opteamix LLC (Opteamix), a digital technology firm, announced today that they have been awarded as a 'Dream Company to Work For' by the World HRD Congress.

Opteamix was ranked 11th in this category which had companies from multiple industries across the globe vying for the title.

In addition to the Dream Company ranking, Opteamix was also recognized for its innovative HR practices and Corporate Social Responsibility practices. The event took place at Taj Land's End in Mumbai on February 16.

Opteamix presented their concept 'Happiness at Work - When Culture drives Performance' that elaborated upon the methodology behind the enhancement of employee happiness.

"We have taken a holistic approach to help our people stay happy at work. While we knew that EQ and IQ were critical to the growth of people, we also believed that it is the Spiritual Quotient (SQ) which our in-house NGO - Right To Live caters to, that helps our people experience next-level career growth," said Varsha Dubey, Lead - Happiness and Learning Activator, while explaining the theory behind the happiness at work during the 30-min presentation before delegates from 65 countries.

"We have empowered our people by equipping them with the right set of tools to help them excel in their performance based on OKR (Objectives and Key Results), CFR (Communication, Feedback, and Review) and Competency Mapping. The optimum blend of these performance management tools has resulted in making a significant impact on the careers of our people and therefore, happy people and 100 per cent innovation and efficiency at work," added Shalu Priya - Director, People Experience.

Now in its 28th year, the World HRD Congress presents awards to organizations that promote innovative human resources practices. The award categories include leadership, talent management, employer branding, training and development, employee engagement, and more.

In the recent past, Opteamix had been recognized for its commitment to employee excellence with numerous awards and recognitions including 'Dream Companies to Work for' in 2017 and 2018.

World HRD Congress is billed as South Asia's largest HR event, featuring an eminent panel on international and local speakers from across public and private sectors.

The conference serves as a platform for the HR fraternity to deliberate on the insights, initiatives and implications of people management practices. The theme this year 'Happiness at work', recognized individuals and companies for their exceptional people management practices.

"We strongly believe in creating a culture of happiness at Opteamix. To us, happiness is as important as revenue and profits. The culture of happiness has been the Opteamix way of life since inception, which has led us to achieve our ultimate goals - higher career growth for all members and richer customer experience," said Raghurama Kote - Founder and COO of Opteamix, on being asked what a happy organization meant to him.

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News Network
April 13,2020

Shivamogga, Apr 13: Banana farmers in Shivamogga say their crop is rotting and they are incurring huge losses amid lockdown due to COVID-19.

The farmers alleged that although permission has been granted for the sale of agricultural products, with inter-district movements being affected, the local buyers are forcing the farmers to sell their produce at ridiculously low prices.

"Local buyers are asking us to sell bananas at Rs 4-5 per kg which is impossible for us. I do not know what we can do," Vijayendra, a farmer told ANI here.

"We expected the markets to be good during the summer season, I have cultivated bananas in four acres of land. There are thousands of other farmers who cultivate it in smaller hoardings," he added.

The farmer further implored the government to ensure there is an open market and inter-district movement of agricultural produce is allowed to ensure the farmers get the right price.

Vijayendra also said that the bananas have started rotting as they were not being harvested due to the lockdown.

Prime Minister Narendra Modi had last month announced a 21-day lockdown in the entire country effective from March 24 midnight to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

There is also the likelihood that the nationwide lockdown might further be extended even after the completion of the 21-day period on April 14, based on the statements from several chief ministers following a video conference with the Prime Minister held a few days earlier.

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