[vc_row][vc_column][vc_column_text]The government planned to introduce a comprehensive social security scheme, proposing to merge long-standing schemes such as Employee Provident Fund (EPF) and Employee State Insurance Corporation (ESIC) into a new scheme. However, certain groups have voiced their objections to the new social security scheme. The first sign of objection came on
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Industrial News India
Industrial News India (Industry News) keeps the members of the Peenya Industrial Association, as well as the industries in and around Peenya, about industry-related and financial policies of the Karnataka government as well as the central government in New Delhi. The Industrial News ( industry news) covers industrial policies that the Ministry of Micro Small and Medium Enterprises, and the Ministry of Finance put forth.
Industrial News India (industry news) will also include news that includes official statements by the finance minister of the Karnataka government and MSME minister in the central government, which would either benefit or negatively affect the small and medium industries, including those in and around Peenya.
Industrial News India (industry news) also includes opinions by the heads of industrial associations within Karnataka or from other states or at the all-India level about policies of the government that usually affects businesses.
Industrial News India (industry news) also includes news about major public sector units such as BEL, ISRO seeking collaboration for manufacture of certain components for their projects. This kind of news would be an opportunity for industries including those in and around Peenya to express interest in bidding for collaboration.
Karnataka Requests US Consulate Office in Bengaluru
[vc_row][vc_column][vc_column_text]When United States Ambassador to India Kenneth Juster met Karnataka Chief Minister H D Kumaraswamy in Bengaluru, the chief minister told him that the US should open its consulate in Bengaluru at the earliest, to facilitate granting of visas to the citizens of Karnataka state. The US has consulates in Chennai,
Coalition Partners Agree Upon Portfolio Sharing
[vc_row][vc_column][vc_column_text]Hectic negotiations between the coalition partners Janata Dal (Secular) and Congress have concluded, at least for now. The JD(S) will keep the Finance portfolio and the Congress, Home department. Highly placed sources in both the parties said this in New Delhi today. They said that the power-sharing agreement between the two
Foundry industry upbeat on growth prospects post-GST
[vc_row][vc_column][vc_column_text]Most industrial sectors have reported that GST implementation affected their growth in 2017-18. However, the foundry industry has a different opinion, saying GST benefited it. The Indian Institute of Indian Foundrymen President Amish Panchal said that while the global average was around 4 – 5 per cent, the foundry industry’s growth
Karnataka Garment Workers Seek Minimum Wages Hike
[vc_row][vc_column][vc_column_text]Garment industry workers in Karnataka are demanding that the coalition government led by H D Kumaraswamy implement the revised minimum wages. The earlier government led by Siddaramaiah had withdrawn the wage revision proposal in March 2018. In February 2018, the Siddaramaiah government had put forth a draft notification proposing to double
Sakuraa India Foundation to set up Japan Desk in Peenya for Skill Development
Sakuraa India Foundation (SIF), the Bengaluru-based registered charitable trust which primarily focuses on Japanese language training and skill development, is planning to set up nine more Japan Desks in Karnataka. These Japan Desks besides imparting Japanese language training especially to technical students will also foster Industry-Academy collaboration between institutes and
GST Council receives requests for changes in tax rates on 133 different products
Govt relaxes norms for export of certain gold jewellery, coins of 8-22 carats
[vc_row][vc_column][vc_column_text]Easing norms for gold exports from the country, the Central Government has allowed export of jewellery and articles having 8-22 carats of gold from Export Oriented Units (EOUs). According to a communiqué from the Directorate General of Foreign Trade (DGFT), “An EOU/ EHTP/ STP/ BTP unit may export all kinds of
State announces one-of-its-kind Karnataka Animation, Visual Effects, Gaming & Comics (KAVGC) Policy
[vc_row][vc_column][vc_column_text]In another first of its kind achievement in the country, Karnataka became the first State to recognise animation and gaming as an emerging sector and to announce a dedicated policy, viz. Karnataka Animation, Visual Effects, Gaming and Comics (KAVGC) policy, details of which was unveiled by IT-BT and Tourism Minister
EMERGING OPPORTUNITIES FOR PEENYA MSME Marching towards indigenous defence business
[vc_row][vc_column][vc_column_text]In a major policy reform intended to promote 'Make in India' in defence manufacturing, the Ministry of Defence (MoD) announced on May 31, 2017, the much-anticipated Strategic Partnership Model (SPM) for the Indian private sector. The ultimate aim of the model is to enhance India's self-reliance index in defence procurement