Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner

Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.

Presently the last date of filing GSTR-3B returns for every taxpayer is 20^th of every month. From now on, the last date for filing of GSTR-3B for the taxpayers having annual turnover of Rs 5 crore and above in the previous financial year would be 20^th of the month. Thus, around 8 lakh regular taxpayers would have the last date of GSTR-3B filing as 20^th of every month without late fees.

The taxpayers having annual turnover below Rs 5 crore in previous financial year will be divided further in two categories. The tax filers from 15 States/ UTs, i.e., Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh will now be having the last date of filing GSTR-3B returns as 22^nd of the month without late fees. This category would have around 49 lakh GSTR-3B filers who would now have 22^nd of every month as their last date for filing GSTR-3B returns.

For the remaining 46 lakh taxpayers from the 22 States/UTs of Jammu and Kashmir, Laddakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha having annual turnover below Rs 5 crore in previous financial year will now be having last date of filing the GSTR-3B as 24^th of the month without late fees.

The Finance Ministry said that the necessary notification in this regard would be issued later by the competent authority.

In a statement issues, the Ministry further said that it has also taken a note of difficulties and concerns expressed by the taxpayers regarding filing of GSTR-3B and other returns. The matter has been discussed by the GSTN with Infosys, the Managed Service Provider, which has come out with above solution to de-stress the process as a temporary but immediate measure. For further improving the performance of GSTN filing portal on permanent basis, several technological measures are being worked out with Infosys and will be in place by April 2020.

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India achieves complete phase out of one the most potent ozone depleting chemical

India has successfully achieved the complete phase out of Hydrochlorofluorocarbon (HCFC)-141 b, which is a chemical used by foam manufacturing enterprises and one of the most potent ozone depleting chemical after Chlorofluorocarbons (CFCs) .(HCFC)-141 b is used mainly as a blowing agent in the production of rigid polyurethane (PU) foams.

India has consciously chosen a path for environment friendly and energy efficient technologies while phasing out Ozone Depleting Substances (ODSs). Importantly, India is one among the few countries globally and a pioneer in some cases in the use of technologies, which are non-Ozone Depleting and have a low Global Warming Potential (GWP).

India had proactively and successfully taken the challenge of complete phase out of Hydrochlorofluorocarbon (HCFC)-141 b, which is a chemical used by foam manufacturing enterprises by 1.1.2020. On 31 December, 2019, as part of the Government’s commitment for moving towards environment friendly technologies, in a significant first, the Ministry of Environment, Forest and Climate Change (MoEFCC) brought out a notification in the Gazette of India through which the issuance of import license for HCFC-141b is prohibited from 1st January, 2020 under Ozone Depleting Substances (Regulation and Control) Amendment Rules, 2019 issued under the Environment (Protection) Act, 1986.

HCFC-141b is not produced in the country and all the domestic requirements are met through imports. With this notification, prohibiting the import of HCFC-141 b, the country has completely phased out the important ozone depleting chemical. Simultaneously, the use of HCFC-141 b by foam manufacturing industry has also been closed as on 1^st January, 2020 under the Ozone Depleting Substances (Regulation and Control) Amendment Rules, 2014.

Nearly, 50 % of the consumption of ozone depleting chemicals in the country was attributable to HCFC-141 b in the foam sector. The Ministry adopted a structured approach to engage with foam manufacturing enterprises for providing technical and financial assistance in order to transition to non-ODS and low GWP technologies under HCFC Phase out Management Plan (HPMP). Around 175 foam manufacturing enterprises have been covered under HPMP out of which, 163 enterprises are covered under stage II of HPMP. The complete phase out of HCFC 141 b from the country in foam sector is among the first at this scale in Article 5 parties (developing countries) under the Montreal Protocol. The implementation of HPMP through regulatory and policy actions, implementation of technology conversion projects has removed around 7800 Metric Tonnes of HCFC 141-b from the baseline level of 2009 and 2010 of the country.

The phase out of HCFC-141b from the country has twin environmental benefits viz. (i) assisting the healing of the stratospheric ozone layer,and (ii) towards the climate change mitigation due to transitioning of foam manufacturing enterprises at this scale under HPMP to low global warming potential alternative technologies.

The polyurethane foam sector has links with important economic sectors related to buildings, cold storages and cold chain infrastructure, automobiles, commercial refrigeration, domestic appliances such as refrigerators, water geysers, thermo ware, office and domestic furniture applications, specific high value niche applications etc. In India, the foam manufacturing sector is mix of large, medium and small enterprises having varying capacities, with preponderance of MSMEs. Many of the MSMEs operate largely in the informal sector.

To ensure minimal dislocation in the sector and for enhancing the capacities of Micro, Small, and Medium Enterprises (MSMEs) in converting to low-GWP non-ODS technologies, training and awareness programmes on non ODS and low GWP alternatives to HCFCs including adoption of such alternatives have been organized in close collaboration with Industry and MSMEs will also be facilitated for adequate tie-ups with system houses, laboratories for getting their material tested, etc, in addition to organizing study tours, field visits, etc.

Noting the challenges, the Ozone Cell, MoEF&CC entered into a MOA with the Central Institute of Plastics Engineering & Technology, Department of Chemicals &Petrochemicals to facilitate and hand-holding foam manufacturing enterprises. Transitioning to non HCFC and low GWP alternatives. As part of assistance made available to the enterprises technology workshops, field trials, on-site demonstration and support, practical hands on training and product validation are being provided. Already enterprises assisted for stabilizing alternative technologies have been able to move towards adoption of alternatives at commercial scale.

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9156 Passengers from 43 Flights screened for novel Coronavirus (nCoV)

“As of 21st January, a total of 43 flights and 9156 passengers have been screened for novel Coronavirus illness. Till now, no case has been detected through these screening efforts.We are on alert & our preparedness is sturdy”. This was stated by Ms. Preeti Sudan, Secretary, Health & Family Welfare, Government of India while updating on the preparedness measures taken by the Ministry on novel Coronavirus nCoVreported in China.She also stated that passengers travelling from China are being requested to report to the nearest public health facility in case they feel any symptoms.

As part of the measures taken by the Ministries of Health & Family Welfare, and Civil Aviation, a travel advisory has been issued and posted on the Health Ministry’s website. It has also been shared on Twitter handle for wider circulation.

Health Ministry has instructed Airport Health Organizations at Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Cochin for screening of passengers coming from mainland China at these seven international airports. Signages have been put up at prominent locations in these airports for encouraging public about self-reporting of illness. Immigration officers manning the counters have been sensitized at these airports. Close coordination is being maintained with Ministry of Civil Aviation to coordinate the screening effort and dissemination of information to inbound passengers through in-flight announcements.

The Health Ministry is constantly reviewing the evolving scenario working closely with Ministry of Civil Aviation, Ministry of External Affairs, Deptt. of Health Research and the Indian Embassy in China. WHO is being consulted for updates on technical inputs. Series of meetings have been taken to review the evolving scenario, preparedness in terms of disease surveillance, laboratory support infection prevention & control, logistics, risk communication and in particular, hospital preparedness and need for coordination and collaboration with other Ministries.

The Ministry has also approached all States/UTs to review their preparedness, identify gaps and strengthen core capacities needed to prepare for, detect and respond to possible outbreaks. Integrated Disease Surveillance Programme has issued advisory to all States/UTsto pick up any travel related case reported in the community and follow up contacts of suspect/confirmed cases.National Institute of Virology, Pune is fully geared up to test samples of nCoV. Ten other laboratories under Indian Council of Medical Research’s Viral Research and Diagnostics Laboratories network are also equipped to test such samples, if a need arises. Adequate stock of Personal Protection Equipment is being maintained by Medical Stores Organization.

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Japanese Ambassador Mr Satoshi Suzuki calls on MoS DoNER Dr Jitendra Singh

A delegation led by the Ambassador of Japan, Mr Satoshi Suzuki called on the Union Minister of State (I/C) Ministry of Development of North Eastern Region, MoS PMO, Personnel, Public Grievances and Pensions, Atomic Energy and Space, Dr Jitendra Singh, here today.

During the meeting, various issues related to mutual collaboration and cooperation between the two countries were discussed. There is huge Japanese investment in infrastructure projects in the North Eastern region of the country. The upgradation of Aizwal- Tuipang Section of NH 54 with a length of 372 km is being done with JICA assistance at a cost of Rs 6168 Cr. This road would provide seamless connectivity to Sittwe port in Mayanmar as part of Government’s Act East Policy. In the area of forest management, there is Japanese collaboration with the State Governments of Tripura, Sikkim and Nagaland and soon there will be collaboration with the state of Meghalaya in this field. Among other issues, mutual collaboration in the areas of bamboo, disaster management, road infrastructure and Guwahati Sewerage project, was also discussed.

Discussing the role of mutual cooperation between the two countries, it was mentioned that meeting of Indo-Japan Working Group on Nuclear Energy Cooperation is scheduled to be held next month. On the issue of collaboration between India and Japan in the area of outer space, it was mentioned that bilateral discussions were held last year.

Dr Jitendra Singh said that India shares traditional relations with Japan. He said that under the leadership of Prime Minister Shri Narendra Modi, new areas of mutual collaboration are being added to it. The Minister mentioned about the Bullet train project in this regard. He added that during the last five years, Japanese engagement in India’s infrastructure projects has increased. Recently 12 nursing caregivers from J&K and Ladakh have been taken up for jobs in Japan through initiative of private agencies, the Minister added.

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NCC contributes to nation building by transforming youth into a cohesive force, says Raksha Mantri Shri Rajnath Singh

The National Cadet Corps (NCC) is making an invaluable contribution towards national integration and nation building through their yeomen service of transforming the youth of the country into a cohesive and disciplined force. This was stated by Raksha Mantri Shri Rajnath Singh while addressing NCC cadets and senior civil & military officers during his visit to NCC Republic Day Camp 2020 at Delhi Cantt today.

“NCC plays an unparalleled role in transforming the youth into future leaders. Today, NCC cadets can be found in almost every field, including Armed Forces, politics and sports. Even Prime Minister Shri Narendra Modi, who is taking our country to newer heights, was an NCC cadet,” said Shri Rajnath Singh. He also recalled his days as a cadet of the largest uniformed youth organisation in the world.

Raksha Mantri lauded NCC for instilling a sense of national pride among the younger generation which paves the way for a stronger India. He recalled the supreme sacrifice made by Chandrashekhar Azad, Bhagat Singh and Ashfaqullah Khan, saying that freedom fighters like them had that sense of national pride that fulfilled the dream of an independent India.

Shri Rajnath Singh took note of the fact that NCC has in its ranks 14 lakh cadets from different parts of the country, expressing hope that every school and college of the country will have NCC presence in the near future. He lauded NCC cadets for assistance during natural calamities as well as contributing in social awareness activities like Swachhta Abhiyan. He also complimented them for making a mark in sports and adventurous activities.

Shri Rajnath Singh mentioned that increasing the total number of awards in various categories in NCC to 243 from 143 was one of his first decisions he took as Raksha Mantri. The cash awards of these medals and commendations was also increased. He hoped that these awards will enhance the enthusiasm of cadets and inspire them to greater achievements.

Earlier, Shri Rajnath Singh gave away Raksha Mantri Padak and Commendation Cards to NCC cadets for their exemplary performance and devotion to duty during the investiture ceremony. This year, the Raksha Mantri Padak was awarded to Lieutenant Raison Sam Raju of Kerala & Lakshadweep Directorate and Under Officer Rahul Sharma of Uttar Pradesh Directorate. Raksha Mantri Commendation Cards were awarded to Sr Under Officer Shavetana Sambyal, Jammu and Kashmir Directorate, Capt (Dr) Rajeev Thomas, Kerala and Lakshadweep Directorate, Sr GCI Seema Rai, Uttar Pradesh Directorate and Cadet Soumya Ghosh, West Bengal and Sikkim Directorate. Raksha Mantri Padak, instituted in 1989, is awarded to the most deserving cadet every year for bravery or exceptional service of the highest order.

Raksha Mantri was received by Director General NCC Lt Gen Rajeev Chopra. Shri Rajnath Singh inspected the Guard of Honour presented by a contingent of NCC cadets drawn from the Army, Navy and the Air Force wings of NCC. He also visited the Flag Area prepared by the cadets from all the 17 NCC Directorates, depicting various social awareness themes. He was briefed by the cadets on their respective models. Raksha Mantri also visited the ‘Hall of Fame’, which has an archival collection of alumni photographs, models and other achievements of NCC.

Shri Rajnath Singh and other distinguished guests also witnessed a colourful cultural programme presented by the cadets. Raksha Mantri congratulated the cadets and the entire NCC fraternity for putting up an impressive parade, band display and cultural programme. He also extended his best wishes to the 114 foreign NCC cadets from various friendly countries.

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NCC contributes to nation building by transforming youth into a cohesive force, says Raksha Mantri Shri Rajnath Singh

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APEDA Organizes Awareness Camp for Potato Exports in Agra

For the development of clusters Agricultural and Processed Food Products Export Development Authority (APEDA) is organizing meetings in the notified clusters under the Agri Export Policy announced by the Government of India. Till date meetings have been organized in 25 Product Clusters. In the last 10 days 11 meetings have been organized to expedite cluster development. Meeting have been organized in the clusters of Mangoes in Uttar Pradesh, Maharashtra, Gujarat, Telangana, Banana in Kerala, Andhra Pradesh and Tamil Nadu, Pomegranate in Andhra Pradesh, Madhya Pradesh and Maharashtra, Onion in Maharashtra, Potato in Uttar Pradesh, Gujarat and Punjab, orange and grapes in Maharashtra, dairy products in Gujarat and poultry products and eggs in Tamil Nadu.
Considering the potential of production of potatoes in Agra region, potato cluster has been notified under Agri Export Policy (AEP) of Government of India.
A meeting was organized on 20.01.2020 in Agra under the Chairmanship of the Chief Development Officer and was attended by Rajkumar Chahar, Member of Parliament Lok Sabha constituency Fatehpur Sikri and Hemlata Diwakar, MLA Agra, officials of APEDA, Government of India, Nodal officer for the cluster and other concerned stakeholders.
In the meeting it was discussed that there is a need for cultivation of processing variety of potatoes which has a demand in the overseas markets. Also the importing countries require the produce from the pest free area along with traceability.

In order to create awareness among exporters/farmers, a workshop/BSM and training programme will be conducted in March this year by APEDA for quality production, traceability, judicious use of pesticides, in order to avoid noncompliance in export of potatoes. In the meeting held in January this year it has been decided to form a Cluster Level Committee under the chairmanship of the District Magistrate, Agra.
The meeting was followed by a visit to the potato fields in the area of Shamshabad and Fatehabad, Agra for interaction with farmers and identification of gaps across the supply chain. During the field visit, interaction with farmers was held and the gaps were identified for taking necessary interventions by concerned Central / State government agencies and other stakeholders.

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Cabinet approves Closure of Hindustan Fluorocarbons Limited (HFL), a Central Public Sector Enterprise (CPSE) under Department of Chemicals & Petrochemicals

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval as under:

(i) Shutting down the operations of the plant/unit of Hindustan Fluorocarbons Limited (HFL) and closure of the company.

(ii) Separating the employees rendered surplus through VRS/VSS, after payment of all their outstanding salary/wages and statutory dues, except for the skeletal staff required to implement the closure of the company. Employees not opting for VRS will be retrenched as per Industrial Disputes Act.

(iii) Grant of interest free loan of Rs.77.20 crore by the Govt. to HFL for expenditure exclusively on closure of HFL viz. implementation of VRS/VSS, payment of outstanding salary & statutory dues, etc. and salary/wages and administrative expenses of HFL’s skeletal staff to be retained for implementing the closure of HFL.

(iv) Above interest free loan of Rs.77.20 crore is to be repaid to Gol from the disposal of land and other assets of HFL after settling all closure related liabilities. If the land/ assets sale proceeds are not sufficient to repay the loan amount, then the balance loan amount is to be written off.

(v) After repayment of the loan of Rs.77.20 crore and settlement of all other closure related liabilities of HFL, surplus proceeds from disposal of land and assets will be used for repayment of HFL’s outstanding Gol loans (Rs.15.80 crore) and interest, with freezing of interest up to 31.03.2019. Full or part of the principal loan amount and interest thereon remaining unpaid due to insufficient sale proceeds is to be written off/waived.

(vi) Appointment of NBCC (India) Ltd. as Land Management Agencies (LMA) for facilitating disposal of HFL’s land assets subject to outcome of the decision of Telangana Govt./TSIIC on purchasing land of HFL.

(vii) Disposal of plant/machinery and movable assets will be done by HFL through e-auction by MSTC Ltd.

HFL has only one plant/unit located at Rudraram, District Sangareddy in Telangana.

Financial Implications:

Financial implications of the proposal for closure of HFL involves providing financial support of Rs.77.20 crore (cash) to HFL in the form of interest free loan for settling closure related liabilities of HFL viz. (a) implementation of VRS/VSS, payment of outstanding salary & statutory dues, payment of suppliers/contractors/utilities dues and repayment of SBI working capital credit and (b) salary/wages and administrative expenses of HFL skeletal staff to be retained for implementing the closure plan for two years. Above interest free loan is proposed to be repaid from the proceeds of the disposal of land and other assets of HFL after settling all the liabilities relating to closure of the company. If the land / assets sale proceeds are not sufficient to fully repay the loan amount, then the balance loan amount is to be written off.

Implementation schedule:

Taking date of receipt of CCEA approval as ‘T’–

Notice to Employees for VRS/VSS: T+10 days.
Request for budgetary support / bridge loan from D/o Expenditure: T+15 days.
Approval by HFL and HOCL Board and shareholders and information of the decision to BSE: T+80 days.
Settlement of salaries/ wages and statutory dues of employees and separation of employees through VRS/VSS (except skeletal staff and those not opting for VRS/VSS): T+120 days.
Retrenchment of employees not opting for VRS/VSS: T + 180 days.
Disposal of movable assets/ plant & machinery through e-auction by MSTC: T+ 180 days.

vii. Disposal of land assets through NBCC (LMA) subject to decision of Telangana Govt. on purchasing the land: T+ 240 days.

Application to SEBI/BSE for exit option to shareholders and Voluntary winding up and Delisting under provisions of Companies Act, Insolvency & Bankruptcy Code and SEBI regulations: T + 400 days.

Impact:

With unviable scale of operations, very old plants & technology and only one revenue earning product (HCFC-22) but of no strategic significance, sustainable revival of HFL is not economically viable. Moreover, the inevitable reduction in HCFC-22 quota of HFL in 2020 will make the company’s operations completely non-viable from March, 2020 onwards. Closure of the company’s operations will not only avoid any future risks / liabilities but also protect the interest and welfare of HFL employees by separating them through VRS/VSS. Thereafter, disposal of the company’s land assets will enable their redeployment for more productive use which can attract both domestic and foreign investments. However, interest and welfare of employees rendered surplus will be protected by payment of all their outstanding salary & statutory dues and giving VRS / VSS compensation to them as per DPE guidelines.

Background:

Hindustan Fluorocarbons Limited (HFL) is a subsidiary company of Hindustan Organic Chemicals Ltd. (HOCL), a Central Public Sector Enterprise (CPSE) under the administrative control of the Department of Chemicals and Petrochemicals. HFL is engaged in the manufacture of Poly Tetra Fluoro Ethylene (PTFF) and Chloro Di Fluoro Methane (HCFC-22 or CFM-22). The company has been making losses since 2013-14 and has negative net worth. As on 31.3.2019, it had accumulated losses of Rs.62.81 crore and negative net worth of (-)Rs.43.20 crore. It was also registered with the erstwhile Board for Industrial and Financial Construction (BIFR) as a sick company.

HFL manufactures HCFC-22 and also uses the same for conversion to PTFE. Due to uneconomic plant capacity and old technology, conversion of HCFC-22 to PTFE is not financially viable and the company is constrained to sell higher quantity of HCFC- 22 directly as refrigerant gas. Under the provisions of Montreal Protocol on phasing out of ozone depleting substances, HFL’s HCFC-22 non-feedstock production quota is only about 392 MT per calendar year which was enhanced to 1100 MT during the last 3 years by the Ministry of Environment Forest & Climate Change (MoEFCC) based on the exemption request of this Department. The HCFC-22 quota is to be reduced further by 25% from calendar year 2020 and the MoEFCC is not likely to agree to any further exemptions for HFL. The reduced HCFC-22 quota of about 282 MT would be sufficient for plant operations only up to March / April, 2020, and, thereafter, HFL would be forced to shutdown its plant for the remaining months of the year. Since HFL’s operations are not likely to be sustainable after March, 2020 onwards, it is necessary to expeditiously close down the operations of the company and separate its employees through VRS/VSS.

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VRRK/SC

ECI To Host the 1st Sukumar Sen Memorial Lecture

In its 70th year of inception, Election Commission of India has decided to institute an Annual Lecture Series as a tribute to the first Chief Election Commissioner of India, Shri Sukumar Sen. Sh Sen (1898-1963) commendably conducted the first two General Elections to the Lok Sabha and State Legislative Assemblies, thereby putting India firmly on the map of democracy. The rationale behind instituting the lecture is to make a positive and constructive intervention in the democratic discourse of the nation within the constitutional mandate of the Election Commission of India.

Former President of India, Shri Pranab Mukherjee, has kindly consented to deliver the first of the Lectures on 23rd January 2020. In 2019, Bharat Ratna, the highest civilian award of the Republic, was conferred upon him, for his achievements in public affairs. Spanning over a career of more than fifty years, Sh Mukherjee had occupied varied Ministerial posts of Finance, Commerce, External Affairs and Defence Minister at different times. Shri Mukherjee has extensive diplomatic experience and has served on the Board of Governors of Multilateral Institutions such as IMF, World Bank, Asian Development Bank and African Development Bank. Shri Mukherjee is a widely respected savant known for his encyclopedic knowledge of economic, constitutional and historical affairs. A prolific reader, he has authored several books on the Indian economy and the nation building.

While announcing the institution of Sukumar Sen Memorial Lecture Series on behalf of Election Commission at a book launch in New Delhi on 7th February 2019, Chief Election Commissioner Shri Sunil Arora had observed “It would be Commission’s endeavor to involve a wide cross-section of civil society including political parties, media, constitutionalists, legal luminaries, academia etc. This lecture would be delivered by an eminent person from the democratic world, whose contribution for the spread and furtherance of democratic values and ideals is widely known and recognized”.

Shri Sukumar Sen was born on 2 January, 1898. He was educated at Presidency College, Kolkata and University College, London. Shri Sen joined the Indian Civil Services in 1922. During his service, he held several important posts, including as Chief Secretary of West Bengal (1947-1950). He served as the first Chief Election Commissioner of India from 21st March 1950 till his retirement 19th December, 1958. He conducted the first two Lok Sabha elections of India held in 1952 and 1957 simultaneously with the Legislative Assembly Elections based on universal adult franchise under challenging circumstances and little precedence to guide him.

Shri Sen is also credited with conducting the first general elections in the then Sudan in November-December, 1953 as the Chairman of the International Election Commission. He was awarded the Padma Bhushan for his distinguished contribution to public life. He was one of the earliest recipients of that award in 1954.

On this occasion a reprint of the Report on India’s First Election would be released by Shri Pranab Mukherjee as also a postal stamp in memory of Shri Sukumar Sen would be unveiled.

Cabinet approves Closure of Hindustan Fluorocarbons Limited (HFL), a Central Public Sector Enterprise (CPSE) under Department of Chemicals & Petrochemicals

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval as under:

(i) Shutting down the operations of the plant/unit of Hindustan Fluorocarbons Limited (HFL) and closure of the company.

(vii) Disposal of plant/machinery and movable assets will be done by HFL through e-auction by MSTC Ltd.

HFL has only one plant/unit located at Rudraram, District Sangareddy in Telangana.

Financial Implications:

Implementation schedule:

Taking date of receipt of CCEA approval as ‘T’–

Notice to Employees for VRS/VSS: T+10 days.
Request for budgetary support / bridge loan from D/o Expenditure: T+15 days.
Approval by HFL and HOCL Board and shareholders and information of the decision to BSE: T+80 days.
Settlement of salaries/ wages and statutory dues of employees and separation of employees through VRS/VSS (except skeletal staff and those not opting for VRS/VSS): T+120 days.
Retrenchment of employees not opting for VRS/VSS: T + 180 days.
Disposal of movable assets/ plant & machinery through e-auction by MSTC: T+ 180 days.

vii. Disposal of land assets through NBCC (LMA) subject to decision of Telangana Govt. on purchasing the land: T+ 240 days.

Application to SEBI/BSE for exit option to shareholders and Voluntary winding up and Delisting under provisions of Companies Act, Insolvency & Bankruptcy Code and SEBI regulations: T + 400 days.

Impact:

Background:

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Cabinet approves Amendments/Extension/Repeal in Acts dealing with Goods and Services Tax, Value Added Tax and Excise Duty in view of merger of Dadra & Nagar Haveli and Daman & Diu

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved amendments/extension/repeal in the following Acts and Regulations dealing with Goods and Services Tax (GST), Value Added Tax (VAT) and State Excise, and for designation of Daman as Headquarter:

the Central Goods and Service Tax Act, 2017 (No.12 of 2017) to be amended as Central Goods and Service Tax (Amendments) Regulation, 2020;
the Union Territory Goods and Service Tax Act, 2017 (No. 14 of 2017) to be amended as Union Territory Goods and Service Tax (Amendments) Regulation, 2020;
the Dadra and Nagar Haveli Value Added Tax Regulation, 2005 (No.2 of 2005) to be amended as Dadra and Nagar Haveli and Daman and Diu Value Added Tax (Amendments) Regulation, 2020;
the Daman and Diu Value Added Tax Regulation, 2005 (No.1 of 2005) to be repealed as Daman and Diu Value Added Tax (Repeal) Regulation, 2C20;
the Goa, Daman and Diu Excise Duty Act, 1964 (No.5 of 1964) to be amended as Dadra and Nagar Haveli and Daman and Diu Excise Duty (Amendment) Regulation, 2020;
the Dadra and Nagar Haveli Excise Duty Regulation, 2012 (No.1 of 2012) to be repealed as Dadra and Nagar Haveli Excise Duty (Repeal) Regulation, 2020;

vii. Designation of Daman as Headquarter of Union Territory of Dadra and Nagar Haveli and Daman and Diu.

These amendments will lead to “Minimum Government, Maximum Governance” by way of having common taxation authorities: better delivery of services to the citizens by reducing duplication of work and improving administrative efficiency, will help in bringing more uniformity in Laws relating to GST, VAT and STATE EXCISE and it will also help to avoid any legal complications in the levy and collection of GST Tax, VAT, State Excise, including recovery of arrears Moreover, the said amendments not only bring uniformity in taxation laws but also strengthen the system of laws.

The U.T. Administration of Dadra & Nagar Haveli and Daman & Diu have taken a big step to realize vision of “Minimum Government, Maximum Governance” for the people of the two UTs, besides saving to government exchequer and ensuring uniformity, stability and consistency in day to day functioning of taxation authorities. This is achieved by making Amendments/extension/repeal in Acts dealing with Goods and Services Tax (GST), Value Added Tax (VAT) and Excise, and by designation of Daman as Headquarters of UT of Dadra and Nagar Haveli and Daman and Diu in view of merger of Dadra and Nagar Haveli and Daman and Diu on appointed date of 26.01.2020.

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Cabinet approves signing of MoU between Brazil and India for bilateral cooperation in the field of early childhood

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for signing of Memorandum of Understanding (MoU) on Cooperation between the Ministry of Citizenship of the Federative Republic of Brazil and the Ministry of Women & Child Development of the Republic of India for bilateral cooperation in the field of early childhoods.

Benefits

It will strengthen the bonds of friendship between the two countries and increase bilateral cooperation on the issues of early childhood care. Both countries will benefit from exchange of best practices of the respective countries in the field of early childhood.

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Cabinet approves Extension, of tenure of the Commission constituted under Article 340 of the constitution to examine the issue of sub-categorization within Other Backward Classes in the Central List

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the extension of the term of the Commission to examine the issue of Sub-categorization of Other Backward Classes, by six months that is up to 31.7.2020.

The Cabinet has also approved addition of following Term of Reference to the existing Terms of Reference of the “Commission” –

“iv. to study the various Entries in the “Central List of OBCs and recommend correction of any repetitions, ambiguities, inconsistencies and errors of spelling or transcription.”

Impact:

The Communities in the existing list of OBCs which have not been able to get any major benefit of the scheme of reservation for OBCs for appointment in Central Government posts & for admission in Central Government Educational Institutions are expected to be benefitted upon implementation of the recommendations of the Commission. The Commission is likely to make recommendations for benefit of such marginalized communities in the Central List of OBCs.

Financial Implications:

The expenditure involved are related to the establishment and administration costs of the Commission, which would continue to be borne by the Department of Social Justice and Empowerment.

Benefits:

All persons belonging to the castes/communities which are included in the Central List of SEBCs but which have not been able to get any major benefit of the existing scheme of reservation for OBCs in Central Government posts & for admission in Central Government Educational Institutions would be benefitted.

Implementation strategy and targets:

Orders for extension of the term of the Commission and addition in its Terms of Reference will be notified in the Gazette ‘in the form of an Order made by the President, after receipt of the approval of the Hon’ble President to the same.

Background:

The Commission was constituted under article 340 of the Constitution with the approval of President on 2^nd October, 2017. The Commission, headed by Justice (Retd.) Smt. G. Rohini commenced functioning on 11th October, 2017 and has since interacted with all the Stats/UTs which have subcategorized OBCs, and the State Backward Classes Commissions. The Commission has come to the view that it would require some more time to submit, its report since the repetitions, ambiguities, inconsistencies and errors of spelling or transcription etc appearing in the existing Central List of OBCs need to be cleared. Hence the Commission has sought extension of its term by six, that is upto 31st July 2020 and also addition in its existing Terms of Reference.

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Cabinet approves Model MoU with foreign countries for unilateral/bilateral recognition of Certificates of Competency of seafarers

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Model Memorandum of Understanding (MoU) for unilateral/bilateral recognition of Certificates, pursuant to Regulation 1/10 of International Convention on Standards of Training, Certification and Watchkeeping (STCW) for Seafarers, 1978 as amended to be signed between the Directorate General of Shipping, Government of India and its counterparts in foreign countries, with the approval of Minister-in-charge of Shipping and the Minister of External Affairs.

Benefits

The unilateral MoU would facilitate unilateral recognition by another country of the certificates issued by the Directorate General of Shipping to Indian seafarers, without seeking similar recognition by India of the certificates issued by that country.

Indian Seafarers, therefore, will be eligible to be placed on ships under the flag of that country for employment, thus leading to increased employment opportunities. The proposed bilateral MoU will enable India and another country with which such an MoU may be entered, to mutually recognize maritime education and training, certificates of competency, endorsements, documentary evidence of training and medical fitness certificates, issued to the seafarers who are citizens of respective countries in accordance with the provisions of regulation 1/10 of the STCW Convention.

The bilateral MoU would therefore, make the seafarers of both the countries to be eligible for employment on ships of either party based on the certificates so recognized. India being a seafarer supplying nation with large pool of trained seafarers will stand to be benefitted.

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Cabinet approves MoUs among India, Tunisia and Papua New Guinea Electoral Commission for elections for cooperation in the field of electoral management and administration

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal of the Legislative Department for allowing the Election Commission to enter into Memoranda of Understanding (MoU) with the Independent High Authority for Elections of Tunisia (ISIE) and the Papua New Guinea Electoral Commission(PNGEC) for elections for cooperation in the field of electoral management and administration.

Impact:

The MOUs would promote bilateral cooperation, aimed at building technical assistance/ capacity support for the Independent High Authority for Elections of Tunisia (ISIE) and the Papua New Guinea Electoral Commission(PNGEC) for elections for cooperation in the field of electoral management and administration, envisaging cooperation in the field of electoral management and administration and providing a leg-up to such bodies in conducting elections in their respective countries. This would also result in bolstering India’s international relations.

Background

The Election Commission has been participating in promoting cooperation in the field of election matters and electoral processes across the world with certain foreign countries and agencies by adopting the mode of Memorandum of Understanding (MoU) signed by the concerned parties. The Election Commission, a constitutional body, conducts the largest electoral exercise in the world. It is the responsibility of the Election Commission to organise free and fair elections in the country of about 85 crore voters with diverse socio-political and economic backgrounds. In recent years, the role being played by the Election Commission ensures greater participation of people in political affairs. India, today, is considered as the world’s ‘largest’ democratic country. The success of democracy in India has attracted the attention of almost every political system around the world.

In its pursuit of excellence, the Election Commission has been receiving various proposals from foreign electoral bodies for developing bilateral relations in the field of election and matters connected therewith. The Election Commission forwarded a proposal to the Ministry of Law and Justice, Legislative Department relating to signing of Memorandum of Understanding (MoU) by it with the Election Commission of Maldives on cooperation in the field of electoral management and administration.

These MoUs contain standard articles/clauses which broadly express promotion of cooperation in the field of electoral management and administration including promotion of exchange of knowledge and experience in the field of organizational and technical development of electoral process; support in exchanging information, institutional strengthening and capacity building, training of personnel, holding regular consultations; etc.

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