[vc_row][vc_column][vc_column_text] The Employees' State Insurance Corporation (ESIC) in the Employees' State Insurance (Central) Rules, 1950, in rule 50, has substituted the words “fifteen thousand rupees” with 'twenty one thousand rupees”. According to Rule 50 of ESI (Central) Rule, 1950, the wage limit for coverage of an employee under sub-clause (b) of clause
Author: admin
GST Updates: for our Members
[vc_row][vc_column][vc_column_text] PIA would like to draw the attention of its Members to the following: * PIA has set up a Helpdesk on Migration to GST in association with Commercial Taxes Department, GOK for the benefit of Members. A Seminar was also conducted on Migration of Central Excise Assesses (Service Tax) to GST
Bengaluru is World’s Most Dynamic City
[vc_row][vc_column][vc_column_text] Every time Bengaluru adds to its reputation, industries in Peenya Industrial Area feel proud because they have a major stake in it. After winning many encomiums such as India's Silicon City, Knowledge City, Aviation City, Start-up City, and Innovation City, Bengaluru has now been ranked as the most dynamic city
Women allowed to Work in Night Shift in Manufacturing Sector too
[vc_row][vc_column][vc_column_text] In a major initiative to provide equal opportunities for women in all sectors, the Karnataka Government has removed restrictions on allowing women to work in night shifts in all sectors. Currently, women are allowed to be employed in night shifts only in IT and ITES sectors. The Shops and Commercial Establishments
Auto sales ride past the potholes of currency crunch
[vc_row][vc_column][vc_column_text] The passenger vehicle market felt the jitters of the Government's move to demonetise high-value currency of notes Rs 500 and Rs 1,000, with wholesale volumes rising by just four per cent last month. However, some companies, including market leader Maruti Suzuki, Tata Motors and Toyota Kirloskar, managed to post double-digit increase
Pre-Scrutiny System introduced for issue of Export Obligation Discharge Certificate
[vc_row][vc_column][vc_column_text] The Office of the ADGFT, Bangalore has newly introduced a process of “Pre-Scrutiny based EODC Document Submission” for both Advance authorization as well as EPCG Authorization with immediate effect (vide Trade Notice no. 12/2016 dated 14.12.2016). This is expected to facilitate faster clearances and issue of Export Obligation Discharge Certificate (EODC). Under
CIBIL’s Use for MSME Borrowers
[vc_row][vc_column][vc_column_text] The CIBIL (Credit Information Bureau (India) Limited) collects and maintains records of an individual's payments pertaining to all kinds of loans and credit cards. These records are submitted to CIBIL by Member-Banks and credit institutions on a monthly basis. This information is then used to create Credit Information Reports (CIR)
Peenya Industrial Area in Race for Smart City Challenge
[vc_row][vc_column][vc_column_text] Peenya Industrial Area is in the race for the Smart City Challenge. All eyes of entrepreneurs are now on whether Peenya is going to make it this time. In its previous proposal, the BBMP had pitched Whitefield for the Smart City Challenge. Now, other localities are vying for the tag such
PIA seeks end to harassment of Plastic Manufacturers in Peenya
[vc_row][vc_column][vc_column_text] A large groundswell of resentment is brewing among small plastic manufacturers in Peenya who are facing needless harassment at the hands of some over-zealous officials. PIA has received complaints about officials barging into plastic manufacturing units and seizing non-banned items and levying huge penalties on flimsy grounds without giving any
RETURN OF POWER CRISIS? Rising Power cuts are spreading panic among industries
[vc_row][vc_column][vc_column_text] INDUSTRY & TRADE IS ALARMED ABOUT THE FREQUENCY OF POWER OUTAGES AND THE POSSIBILITY OF IT WORSENING IN THE DAYS AHEAD. WE SINCERELY REST OUR HOPES ON THE STATE GOVERNMENT WHICH IS ADMITTEDLY TAKING ALL MEASURES TO AVOID A POWER SHORTAGE DURING SUMMER MONTHS. – R.Krishnamurthy, President, PIA If its summer, can