[vc_row][vc_column][vc_column_text]Sri R. Krishnamurthy, President and Sri M. Malayadri Reddy, Vice-President attended the Inaugural function of “Make in India-Karnataka Conference” at The Lalit Ashok, Bengaluru on Feb 13. Hon'ble Chief Minister Sri Siddaramaiah announced various plans to encourage manufacturing start-ups and instituted a new Manufacturing Excellence Award. A major highlight of the event
Year: 2017
Union Budget – Impact on Direct & Indirect Taxes
[vc_row][vc_column][vc_column_text]According to tax experts here is a perspective on the impact of direct taxes proposals on industry and trade: * In a huge breather to Start-ups, the budget has extended the time period for availing tax benefit for three years in the first seven years of existence of a startup company.
POWER TARIFF REVISION KERC to hear Objections again after protest over power tariff hike
[vc_row][vc_column][vc_column_text]Sri R. Krishnamurthy, President and Sri B. Muralikrishna, MCM attended the meeting at Karnataka Electricity Regulatory Commission (KERC) regarding BESCOM's Tariff Revision Petition on Feb 20. PIA has taken strong objection to the proposed steep increase in power tariff by Rs 1.40 paise per unit on an average. Along with other
New Rules to ease compliance to maintain Registers under various Labour Laws
[vc_row][vc_column][vc_column_text]With a view to bring about ease of doing business, the Ministry of Labour and Employment (“Ministry”) has notified the Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017 (“Rules”) effective 21st February, 2017. These Rules provide for maintenance of combined registers in the Forms specified in the
Incentives for Employers from EPFO under Employees Enrolment Campaign
[vc_row][vc_column][vc_column_text]Here is a reason why you as an Employer should get your Employee enrolled in EPF. The EPFO's Employees Enrolment Campaign from Jan to March 2017 is a wonderful opportunity for Industry Employers and Business Owners to voluntarily come forward and declare details of all such employees who are entitled
Revised Classification of Industrial Sectors under Red, Orange, Green & White Categories
[vc_row][vc_column][vc_column_text]The KSPCB has issued the Final Document on Revised Classification of Industrial Sectors under Red, Orange, Green, and White Categories (2016) vide Notification No. KSPCB/717/COC /2017/1232 dated 14.07.16. The list of Categorization of Industries is in two parts, viz. Part A i.e. the CPCB re-categorized list of industries and Part B
VAT & GST Karnataka Number One in GST Preparedness
[vc_row][vc_column][vc_column_text]Sri R. Krishnamurthy, President along with Office Bearers and MCMs attended the Interaction Meeting on VAT & GST with Sri Ritvik Pandey, IAS, Commissioner, Commercial Taxes at KASSIA Auditorium on Feb 22. Interacting with the participants, the PIA President said Peenya Industries Association had held five Awareness Programmes on GST Migration
70% Hike is Illogical & Untenable: PIA President
[vc_row][vc_column][vc_column_text]Sri R. Krishnamurthy, President and Sri M. Malayadri Reddy, Vice-President took part in the meeting at KASSIA on “Minimum Wages re-notification on Schedules” on Feb 15. Presently, the Micro and Small Scale Entrepreneurs in Peenya are highly perturbed about the hike in minimum wages from Rs 6,000 to Rs 10,000. Flaying
PIA for commissioning of long-pending Peenya Industrial Township
[vc_row][vc_column][vc_column_text]Sri R. Krishnamurthy, President, Sri C. Krishnamurthy, and Sri Mayank Kaushik, MCMs took part in the Pre-Budget Meeting with various Trade Bodies convened by Hon'ble Chief Minister Sri Siddaramaiah at Vidhana Soudha on Feb 17. PIA presented a Pre-Budget Memorandum to the Hon' ble Chief Minister incorporating the main concerns of
Paid maternity leave extended from 12 to 26 weeks
[vc_row][vc_column][vc_column_text]The Maternity Benefit (Amendment) Bill, 2016 granting women working in the organised sector paid maternity leave of 26 weeks, up from 12 weeks now, was passed by Parliament recently. This is expected to benefit around 1.8 million women workers. The law will apply to all establishments employing 10 or more people