The world’s largest democracy, India is on the road to gaining economic muscle power. A federal republic with 29 states and 7 union territories, India is a fast growing diverse economy. According to the updated figures released by the World Bank for the year 2017, India is the sixth largest economy of the world. This is a milestone for the Indian economy more so because
ALL YOU SHOULD KNOW ABOUT GSTR-1
GSTR-1: Every supplier needs to file a monthly or quarterly return. This return is called GSTR-1. All the details regarding the outward supplies are contained in GSTR-1. Hence, this return becomes the basis upon which the whole compliance structure in GST would be primarily based. Due Date for filing GSTR-1 Quarterly returns are required to be filed by taxpayers whose turnover is up to Rs.
India scaled 30 positions in the latest ease of doing business ranking by the World Bank, in its Doing Business 2018 report and become the top 100th country in terms of ease of doing business. Last year, India was on 130th position. For the first time ever India has jumped so high. The Companies Amendment Act 2017 is another major step of Indian Government to remove the difficulties of Companies Act 2013 and facilitate the ease of
Now a days, we become more conversant with the terms like digital literacy, digital divide, digital inclusion and digital currency, credit goes to Prime Minister Narendra Modi’s flagship Scheme, Digital India. Digital India Scheme is aimed at transforming the country into a digitally empowered society and a knowledge economy. “We have to move from e-governance to m-governance. M-governance does not mean Modi governance. It means mobile governance,” Prime Minister Modi had said at the
All of us wish to go back to ‘OUR HOME’ after a hard day’s work. Unfortunately, in our country, this is true for only a few individuals.Rest have to either live under the open sky as ‘homeless’ or rent an accommodation. This is an unfortunate scenario across India as after Independence successive governmentspromised pucca house to every individual of this country but had miserably failed to provide one. During his election campaign and as a
Ease of Doing Business (EODB) is a research-based annual report which is funded by World Bank. Its aim is to assign a single index value to each country on how easy is it to setup and do business in that particular country. This value of the index is based on 10 key business-related parameters and helps in ranking the countries on EODB. The Doing Business report along with rankings of each country is
UTTAR PRADESH is the most populous State in India, with a large pool of skilled, semi-skilled and unskilled labour. Alternately, the population is also looked upon as the largest consumer base in the country with approximately 223 million people. It is the largest producer of foodgrains among all States in India and accounted for about 18.39 per cent share in the country’s total food grain output in 2015-16. However, there is tremendous locational advantage enjoyed
On May 16th 2014, Bhartiya Janta Party-led alliance won a landslide victory in the Union elections claiming absolute majority over the ruling Congress-led UPA alliance, which was marred with allegations of corruption, runaway inflation, inability to deliver on economic and foreign policies and lack of right governance and trust of common man.
On the historic day of 26th May 2014, Shri Narendra Modi took