Shine india monthly magazine

Shine india monthly magazine


Shine india monthly magazine Published this article page no  90 This is estimated to provide liquidity relief of Rs. 2500 crore to about 3.67 lakh establishments and for 72.22 lakh employees. EPF contribution reduced for Business & Workers for 3 months (allocation Rs. 6750 crore)  The primary aim of the scheme is to provide Liquidity Support to businesses and workers who are not eligible for EPF support under PMGKP and its extension.  Under it o Statutory PF contribution of both employer and employee will be reduced to 10% each from existing 12% each for all establishments covered by EPFO for June July and August 2020. o CPSEs and State PSUs will however continue to contribute 12% as employer contribution.  Potential benefits  It will lead to increased take home salary to employees and also to give relief to employers in payment of Provident Fund dues consequently lead to increased liquidity.  This is estimated to provide liquidity of Rs 6750 Crore to about 6.5 lakh establishments covered under EPFO and about 4.3 crore employees working under them. REFORMS AND ENABLERS ANNOUNCED FOR EASE OF DOING BUSINESS Subsector Specific reforms and Enablers Reforming Governance  Sustained measures taken have resulted in steady improvement in Indias position in the World Banks Ease of Doing Business Report (from 142 in 2014 to 63 in 2019). o These measures include streamlining of processes such as granting of permits and clearance selfcertification and third party certification among others. 87  Also Improvement in Indias rankings in starting a business and insolvency resolution have contributed to the overall improvement in its ranking Shine india monthly magazine buy. 


Shine india monthly magazine

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