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Goa’s industry breathes a sigh of relief as taxation remains stable | Goa News – Times of India

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PANAJI: Goa’s industry captains let out a huge sigh of relief after the Union Budget for 2021-22 kept direct and indirect taxes more or less stable. The industry, which was worried that the pandemic and the revenue shortfall would prompt the government to increase taxes and cess, said that the Budget proposals will actually generate employment and boost the MSME sector.
The move to reduce the time limit for reopening of income tax assessment from the present six years also gave the industry a sign that the Centre is willing to trust the private sector and reduce tax terrosim.
“It is quite a positive budget because we were under the fear that there could be increase in direct taxes, which has not happened,” said Goa State Industries Association president Damodar Kochkar. “If you see the overall budget, there is a lot of emphasis on infrastructure development that the government is talking about.”
Goa Chamber of Commerce and Industry, Confederation of Indian Industry, Goa State Industries Association and other even Goa Institute of Management said that the Budget would improve investor confidence and lead to employment generation if implemented in total spirit.
Many industry stakeholders felt that the government would increase taxes or the cess in order to bridge the fiscal deficit or cover the expenditure incurred for Covid relief.
“The best portion is that there has been hardly any tax increase on the direct front. People were worried that the cess would be increased from 4% to 5% or even 6% but it is a great relief that there has been no increase,” said chartered accountant Sandip Bhandare.
While some did not fail to notice the focus on election-bound states in the Budget, others said that the success of the Budget hinges on its implementation.
“The finance minister presented a forward-looking budget that would boost economic growth and investors’ confidence. The capital market has reacted positively, but the realities will unfold only tomorrow and further during the week,” said Prof. Amiya Kumar Sahu, Associate Professor (Finance) at Goa Institute of Management.
Local industry stakeholders said that Goa can take advantage of the centrally sponsored schemes, such as the Swachh Bharat Scheme to improve Goa’s tourism sector.

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Broke Swiggy guy walks 3 km to deliver food, Social media helps him find better job. Heartwarming story is viral

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Social media can be a wondrous place at times. While on most days, its ugly face is on display, on days like today, it sets examples of the power of kindness. In a social media post, a LinkedIn user shared how a delivery executive, in need of money and a better job, bagged one after the users on the platform came together to help the person out.

Priyanshi Chandel, Marketing Manager at tech company Flash, shared an incident about a Swiggy delivery agent who had come to deliver food at her residence. When she asked the late and out-of-breath delivery person, identified by her as Sahil Singh, about what happened, he told her that he had no transport and had to walk 3 km to deliver the order.

He also said that he was out of money and had nothing left to pay his landlord too. Singh told her that he was not looking for money from her but requested her to help him bag a job. He said that he had a degree in Electrical and Communication Engineering, and had worked with Byju’s and Ninjacart before. He had to move back to Jammu during the pandemic.

“I have not eaten for a week, just drinking water and tea to get by. I am not asking for anything, please if you can find me a job, I used to make 25k before, I am 30 years old, my parents are getting old and I can’t keep asking for money from them (sic),” Chandel quoted saying.

She also shared his marksheets and contact number for people to help. His details shared show that he is a 2018 BTech graduate from Mewar University, and completed his schooling from the Jammu and Kashmir state board.

After she shared the details, the comments section was filled with people who stepped up to help. While someone recharged his Yulu account so that he did not have to walk around to deliver food, someone offered a place to stay. Many offered to help him with his applications, while some offered jobs too.

Chandel, later on put an update on the post, and said that he received a job.

However, so far it is unclear what job he has received.

2023 has so far been a year of job losses, an eventual outcome of the pandemic and increased hiring by tech companies. For instance, the SSC MTS 2023 recruitment exam that took place in Uttar Pradesh in May saw over 55 lakh applications for Group D jobs. Numerous candidates who applied for positions such as peon, watchman, gardener had educational backgrounds like BTech, MBA, and Master’s degrees.

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Goa CM, NRI Commissioner writes to MoEF for help in safe return of Goans from Ukraine

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Panaji: Goa chief minister Dr Pramod Sawant on Thursday urged Union Minister for External Affairs Dr S Jaishankar to help in safe return of Goans who are in the Ukraine.

Sawant tweeted “we are concerned about the Goans in Ukraine who are considering to return to India in the light of ongoing Russia-Ukraine crisis. I request Union Minister for External Affairs @DrSJaishankar ji for help in the safe return of Goans. I am keeping track of the situation.”

The chief minister’s tweet comes hours after Goa’s NRI Commissioner Narendra Sawaikar wrote to the Union External Affairs ministry seeking help in return of Goans who are in the Ukraine.

“Many Goans are currently residing in Ukraine due to various purposes including higher studies and due to the ongoing tension between Russia and Ukraine, I have started receiving requests for help and assistance from them to return back to India,” Sawaikar wrote.

The Commissioner further wrote in the letter that advisories have already been issued by the Ministery of External Affairs to Indians currently in Ukraine and our Indian Mission in Kyiy is currently handling the matter.

“Striking note of urgency, the Government of India has recently asked the family members of Embassy officials in Ukraine as well as students and citizens whose stay is not vital , to leave the Eastern European nation amid it’s raising tensions with Russia,” the letter reads.

Sawaikar wrote that the Goans in Ukraine are in touch with this office as they are anxious to temporarily return till the situation normalizes.

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Election Commission announces polling dates and counting days for Vidhan Sabha elections in 5 states

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On Saturday, the Election Commission of India (ECI) announced the dates for the Vidhan Sabha elections in 5 States, namely, Goa, Punjab, Manipur, Uttar Pradesh and Uttarakhand.

While briefing the media, Chief Election Commissioner Sushil Chandra informed that the elections in the poll-bound States will commence from February 10, 2022, to March 7, 2022. Elections in the State of Uttar Pradesh will be conducted in 7 phases, followed by Manipur with 2 phases. Elections in Goa, Uttarkhand and Punjab will be conducted in a single phase.

According to the Election Commission of India, the votes will be counted on March 10, 2022. ECI informed that all physical campaigning will be ceased until January 15, 2022, in light of the rising cases of Coronavirus.

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