ECONOMY

Monthly Archives: JUNE 2017


Developers Need Not Worry; News Highly Misleading and Mischievous: Sidhu
30.06.17 - team pt

WHILE REACTING TO The Tribune news story, ‘Punjab to resume ‘surplus’ land with developers’ filed by Ruchika M Khanna, regarding resumption of surplus land from the developers, Financial Commissioner (Revenue) KBS Sidhu today clarified about misgivings arising out of the circular published by the State ...
  


GST: Indian businessmen worried – may prove Demonetisaton 2.0
29.06.17 -

Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

Jain is one of millions of small business owners ...
  


Notification soon, No need to repay loans whose debts waived off, Capt assures farmers
29.06.17 - team pt

PUNJAB CHIEF Minister Captain Amarinder Singh on Thursday announced that the farmers whose loans had been waived off stood immediately exempt from repayment of their debts.
 
Addressing a meeting of various farmers’ organisations here, the Chief Minister said that the notification in this regard will be ...
  


Aadhaar-PAN linking must for income tax return filing from 1 July, Govt notifies rules
27.06.17 - TEAM PT

THE GOVERNMENT has made it mandatory for taxpayers to link existing Aadhaar numbers with PAN cards with effect from July 1.

Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at ...
  


Don’t Trust Locker; RBI says Banks not liable for loss of contents
26.06.17 - team pt

If you thought that bank lockers are the safest place for your valuables, then think again. Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability.

This ...
  


INDEBTEDNESS SURVEY REVEALS TICKING-BOMB SITUATION
16.06.17 -

Punjab's rural sector deep in debt trap; 1/3rd of marginal farmers under BPL; 86% farmers, 80% labourers in debt 

A Special Report by PT Agriculture Correspondent

CHANDIGARH: About 86% of Punjab's farming families and slightly more than 80% of the state's agriculture labour families are under debt, ...
  


Bir Devinder slams expert group on farm waiver, wants one member to be removed
15.06.17 - Team PT

CHANDIGARH: Questioning the relevance and functioning of the Expert Group set up by the Amarinder Singh government to find ways and means for farm debt waiver, senior politician and former Deputy Speaker of Punjab Vidhan Sabha, BirDevinder Singh today said its term of two months ...
  


Farmer Unrest: An Environmental View
12.06.17 - PT Editorial

With the farmers' unrest in Maharashtra and Madhya Pradesh grabbing headlines and prime time television's attention, it is easy to forget that we are talking of a serious environmental crisis on our hands. The townsquare, as adjudged from newspaper headlines and op-ed pages or 8pm ...
  


Don’t deal in cash if amount is Rs 2 lakh or more, warns Income Tax
03.06.17 - team pt

DO NOT transact in cash if amount is Rs 2 lakh or more otherwise receiver of the amount will have to cough up an equal amount as penalty, warned the Income Tax on Friday.
 
It also advised people having knowledge of such dealings to tip-off the ...
  



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