NITI Aayogs Three Year Action Agenda 2017-18 to 2019-20 unveiled by the Finance Minister

NITI Aayogs Three Year Action Agenda 2017-18 to 2019-20  has been unveiled by the Finance Minister Sh. Arun Jaitley 

NITI Aayogs Three Year Action Agenda

NITI Aayog’s Three Year Action Agenda 2017-18 to 2019-20

The Action Agenda is an integral part of the 15-year Vision Document of India being drafted by the NITI Aayog. A brief outline of the subjects covered in the document are as under:

Part I: Medium-Term Revenue and Expenditure Framework

The Government has realaises that the most direct and visible policy tool of the government is the budget. The Action Agenda proposes linking Central government expenditures to future priorities. It suggests shifting the composition of expenditures by allocating a larger proportion of additional revenues that become available over time to high-priority sectors. 

Part II: Economic Transformations in Major Sectors

Economic Transformations has been divided into two parts, one dealing with agriculture being the backbone of the rural economy, and the other one creation of well-paid jobs in industry and services.

Part III: Regional Development

This  part focus on urban, rural and regional development. For urban sectors, the focus is on how urbanization can be facilitated in the country. Key challenges envisaged are affordable housing, infrastructure development, public transport, promotion of Swachh Bharat, reform of urban land markets and waste management..

For rural sector, the challenges would include creating jobs so that agricultural workers could shift to non-farm sectors, skill development, accessing education and health facilities, infrastructure, local governance, drinking water and sanitation and financial inclusion. 

For achieving balanced growth across the country , focus would be on North Eastern region, coastal areas, islands, North Himalayan states and desert and drought prone areas. Developing infrastructure in these areas would bridge the divide created by geographical uniqueness.

Part IV: Growth Enablers

This is concerned with how to enhance the contribution of a number of growth enablers which include infrastructure, digital connectivity, Public Private Partnerships (PPPs), energy, science and technology and creation of an effective innovation ecosystem.

Part V: Government

This part considers issues related to the government such as governance, taxation, competition and regulation.

Part VI: Social Sectors

This part focuses on education, skill development, health and issues facing specific groups such as Scheduled Castes, Scheduled Tribes, women, children, differently abled and senior citizens. Education, skill development and health contribute to the creation of a productive workforce.  It outlines the actions for building a more inclusive society.

Part VII: Sustainability

The last action agenda relates to environmental sustainability.   The balance would be between strengthen and streamline regulatory structures governing sustainability of the environment with removing hurdles that adversely impact growth without protecting the environment.  It also deals with water scarcity, uneven distribution of water resources across people, sectors and regions, deteriorating water quality and excessive dependence on groundwater

The Action Agenda document can be downloaded click here >>

ROC Kerala and Lakshadweep show cause notice to 27 LLP for striking off name

ROC Kerala and Lakshadweep show cause notice to 27 LLP for striking off name for not filing any financial statements.

ROC Kerala show cause notice

PUBLIC NITICE 
(pursuant to Rule 37(2) of LLP Rules, 2009)

GOVERNMENR OF INDIA 
MINISTRY OF CORPORATE AFFAIRS 
Registrar of Companies, Kerala and Lakshadweep 

First Floor, Company Law Bhavan
B.M.C. Road, Thrikkakara,
Kochi, Kerala
Pin Code 682 021

Public Notice No. RoC/Kerala/LLP/Section 75/21937·                                                                     Date: 23.08.2017

Reference: In the matter of striking off of LLPs under Section 75 of LLP Act, 2008 read with Rule 37 of LLP Rules, 2009.

Notice is hereby given in pursuant to Rule 37(1)(a) of the LLP Rules, 2009 that the Registrar of Companies, Kerala has a reasonable cause to believe that LLPs in List ‘A’ (List of 27 Nos. of LLP) are not carrying out any business or its operation.

In view of this at the expiration of thirty days from the date hereof, the name of LLPs in List ‘A’ (List of 27 Nos. of LLP), unless cause is shown to the contrary, will be struck off from the Register and the said LLPs will be dissolved.

(A. SEHAR PONRAJ) 
Registrar of Companies 
Kerala

EPFO-Standard Operating Procedure for settlement of claims

EPFO-Standard Operating Procedure for settlement of claims

EPFO-Standard Operating Procedure for settlement of claims


EPFO has issued the Standard Operating Procedure (SOP) for settlement of claims in EPFO. The SOP has been duly approved by the CPFC.

This Standard Operating Procedure (SOP) of EPFO, for settlement of claims, has been prepared as per the existing procedure in Manual of Accounting Procedure (MAP) and other instructions/circular issued by the Head Office from time to time.

EPFO has directed that the Standard Operating Procedure (SOP) should be followed for the process of settlement of claims. Anything that is not contained in the current SOP shall be governed by the existing Manual of Accounting Procedure (MAP). In case of any conflict between the SOP and the Manual of Accounting Procedure, the SOP shall be followed.

The SOP is comprehensive and seeks to provide checklist for each scenario as under:

Receipt of claim forms in EPFO’s Field Offices

PRO/Receipt counter

Pension Cl aim Form (Aadhar)-10D

Composite Claim Form in Death Cases

Segregation and Forwarding of claim to Accounts Section

Processing of Claim in Account Section

Role of Dealing Assistant

Role of Section Supervisor/Account Officer

Role of cash section

Disbursement of payment

Payment of monthly Pension to Pensioners

Online Transfer Claim Portal (OTCP)

Modalities for payments out of Inoperative Accounts.

RBI-Introduction of Rs 200 notes will facilitate ease of transactions and provide the missing link

RBI-Introduction of Rs 200 notes will facilitate ease of transactions and provide the missing link between Rs. 100 and 500 bank note.

Introduction of Rs 200 notes

Today the RBI has announced the release of new Rs. 200 bank note. As per the RBI, the new bank note of Rs 200/- would facilitate exchange, particularly for the common man who deals with denominations at the lower end.

This statement would certainly relate to demonetisation of Rs 500 and Rs 1000 bank notes on the assumption that only rich people deals in Rs. 500 and Rs. 2000 bank notes. In fact this excuse was usedby the Government as a defence mechanism in denying the problem faced by the common man due to the demonetisation.

Should this mean that, Demonetisation Part-II is on the anvil?. Only the time will tell the answer to this question but this would certainly add fuel to the speculations that have already been doing the rounds.

The Statement of RBI issued today is as under:

Reserve Bank of India

Date : Aug 24, 2017

Reserve Bank says introduction of Rs 200 notes will facilitate ease of transactions

Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.

Providing the Missing Link

The optimal system of denominations of currency (coins and notes) is one that would minimize the number of denominations and concurrently increase the probability of proffering exact change. So, what should be the optimal mix of currency denominations? Many countries have opted to use a near variation of the Renard Series, i.e., 1:2 or 1:2.5 ratio between adjacent denominations of currency, which means that the denomination should be twice or two and half times of its preceding denomination. Such a ratio allows exchange of value ordinarily in a maximum of three denominations. In India, we have currency denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the denomination series, Rs. 200 is the missing one.

Ease of Facilitating Exchange

To achieve the optimal system of currency that would minimize the number of denominations while increasing the probability of proffering exact change, especially at the lower end of denominations, there is a logical need to introduce the missing denomination of Rs 200, which will make the present currency system more efficient. Provision of the new denomination, therefore, would facilitate exchange, particularly for the common man who deals with denominations at the lower end.

Jose J. Kattoor
Chief General Manager

Press Release: 2017-2018/528

RBI Rs 200 denomination banknote to be issued on 25-08-2017. Image and salient features

RBI Rs 200 denomination banknote to be issued on 25-08-2017. Image and salient features

Reserve Bank of India

Date : Aug 24, 2017

RBI Introduces Rs 200 denomination banknote

The Reserve Bank of India will issue on August 25, 2017 Rs. 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. The new denomination has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base colour of the note is Bright Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

The image and salient features of Rs 200 denomination banknotes 

The image and salient features of Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series are as under:

i. Image


ii. Salient Features

Obverse (Front)

1. See through register with denominational numeral 200

2. Latent image with denominational numeral 200

3. Denominational numeral २०० in Devnagari

4. Portrait of Mahatma Gandhi at the centre

5. Micro letters ‘RBI’, ‘भारत’, ‘India’ and ‘200’

6. Windowed security thread with inscriptions ‘भारत’ and RBI with colour shift. Colour of the thread changes from green to blue when the note is tilted

7. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait

8. Denominational numeral with Rupee Symbol, Rs. 200 in colour changing ink (green to blue) on bottom right

9. Ashoka Pillar emblem on the right

10. Mahatma Gandhi portrait and electrotype (200) watermarks

11. Number panel with numerals growing from small to big on the top left side and bottom right side

12. For visually impaired
Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised Identification mark H with micro-text Rs. 200, four angular bleed lines with two circles in between the lines both on the right and left sides

Reverse (Back)

13. Year of printing of the note on the left

14. Swachh Bharat logo with slogan

15. Language panel

16. Motif of Sanchi Stupa

17. Denominational numeral २०० in Devnagari

Dimension

18. Dimension of the banknote will be 66 mm × 146 mm

Jose J. Kattoor
Chief General Manager

Press Release: 2017-2018/529