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Employment News WEEKLY www.employmentnews.gov.in Also in Hindi & Urdu www.rojgarsamachar.gov.in Annual Subscription : ##### 530 Employment News WEEKLY VOL. XLII NO. 15 PAGES 32 NEW DELHI 8 - 14 JULY 2017 #####12.00 GST : INDIA’S BIGGEST EVER TAX REFORM LAUNCHED AMID HISTORIC MIDNIGHT SESSION OF PARLIAMENT PRIME MINISTER NARENDRA MODI TERMS GST AS GOOD & SIMPLE TAX Anand Saurabh Ministers which had been formed earlier for implementation of the Value Added he country witnessed the launch of Tax. The Empowered Committee released biggest ever tax reform since T its First Discussion Paper on Goods and independence on the intervening night of Services Tax in November, 2009. He said, 30th June - 1st July 2017 when the the launch of GST was a moment of Goods and Services Tax came into force satisfaction for him personally because as amid a historic midnight session in the Finance Minister he had introduced the Central Hall of Parliament in New Delhi. Constitutional Amendment Bill for At the stroke of the midnight, President enabling the tax regime in 2011. Later, on Pranab Mukherjee and Prime Minister 8th September 2016 as the President of Narendra Modi pressed a button on a India, Mr Mukherjee had given assent to glass box to mark the launch of GST the Constitution (One Hundred and First which replaced more than a dozen state Amendment) Act, after the Bill was passed and central levies. President Pranab by both Houses of Parliament and more Mukherjee, Prime Minister Narendra than 50 percent of State Legislatures. Modi, and Finance Minister Arun Jaitley Describing GST as a disruptive change, addressed the gathering before the the President said when a change of this launch. develop, he added. He said, under GST, online return each month. magnitude is undertaken, however positive Speaking on the occasion, the Prime for the first time, the central and the state President Pranab Mukherjee described it may be, there are bound to be some Minister said that the day marks a decisive governments will work together towards the introduction of GST as a momentous teething troubles and difficulties in the initial turning point in determining the future the same direction that is an example of - event for the nation. He said, the new era stages. Mr Mukherjee called upon every course of the country. He recalled that the 'Ek Bharat Sreshtha Bharat' and its impact in taxation is result of broad consensus Indian to extend cooperation in the Central Hall had been witness to several will be appreciated by the forthcoming arrived at between the Centre and States. successful implementation of the new system. historic occasions in the past as well, generations with a great pride. He equated He said, it is a tribute to the maturity and The Union Finance Minister said, it is a including the first meeting of the Constituent the 18 meetings of the GST Council wisdom of India's democracy. journey where India will awake to limitless Assembly on December 9, 1946, possibilities, to expand its economic horizons country's tryst with destiny on the midnight and loftier political vision. Mr Jaitley of August 14, 1947, and adoption of country’s said, the GST may be a destination tax, Constitution on November 26, 1949. but for India it will begin an altogether a Calling GST, as a good and simple tax Mr. new journey. The old India was economically Modi said it will end harassment of traders fragmented, the 'New India' will create One and small businesses while integrating Tax, One Market and for One India into one market with one tax rate. He Nation, he added. The Minister said, in a said that GST would lead to immense savings large and complex Federal System of of time and cost. Savings of fuel due Multi-Party Democracy with the Centre, 29 to elimination of delays at State border States, 2 Union Territories with legislatures, crossings will help the environment as and wide divergent interest a Constitution well, he added. The Prime Minister said Amendment was implemented GST would lead to a modern tax administration and a large tax reform has been brought in which is simpler, more transparent, that displays a high point of Indian politics. and helps curb corruption. He said, it will This has been done at a time when the bring in a new culture of governance, ending world is facing slow growth, Isolationism the tax terrorism and inspector raj. and lack of structural reforms and the The Prime Minister said that GST would move has shown that these forces can be make it easier for global investors to invest overcome through the display of inclusion, in the Indian market. He described GST as openness and boldness, he added. an economic integrator just like the integration of the nation by Sardar Vallabhai Top leaders, industrialists, economists, Patel after independence. Recalling the The President, Shri Pranab Mukherjee and the Prime Minister, Shri Narendra Modi pressing the bureaucrats and celebrities descended to famous scientist Albert Einstein who said buzzer to launch the Goods & Services Tax (GST), in Central Hall of Parliament, in New Delhi. witness the launch of landmark GST at the that income tax is the most difficult thing to with that of the 18 chapters of Bhagvad The President mentioned in his speech historic Central Hall of Parliament. The understand in the world, he said that GST Gita and also quoted philosopher and the fourteen-year long journey of GST occasion was marked by the presence of would ensure one nation, one tax. He economist Chanakya to say that hard which began in December 2002, when the Vice-President Hamid Ansari, Lok Sabha described GST as an example of Cooperative work can overcome all obstacles and help Kelkar Task Force on indirect taxation Speaker Sumitra Mahajan, former Prime Federalism. He said, with the launch us accomplish even the most difficult of suggested a comprehensive Goods and Minister H D Deve Gowda, BJP President of GST, Team India has proven its potential objectives. However, the Prime Minister Services Tax (GST) based on the Value Amit Shah, almost entire Union Council of and diligence. acknowledged that there may be some initial Added Tax principle. He said, the proposal Ministers, MPs from the ruling alliance and Describing GST a landmark achievement hiccups, saying that even an eye takes to introduce GST was first mooted in the opposition leaders from the Samajwadi time to adjust to sight corrective spectacles. Budget Speech for the financial year which is bound to take the nation Party, the BJD, the NCP and the JD(U). He urged people not to pay attention 2006-07. Since the proposal involved towards exponential growth, the Prime RBI Governor Urjit Patel, Industrialist to rumours and not create apprehensions restructuring and reform of not only indirect Minister said, all states are slated to gain Ratan Tata, along with Vijay Kelkar, who about the new tax. He said that even taxes levied by the Centre but also the immensely as they will now get equal had first mooted the concept of GST in a though not everyone is familiar with States, the responsibility of preparing a opportunities of development. The system report to finance ministry in 2003, was technology, each family will have a Class X or design and a plan of action for the not only provides impetus to already also present at the launch. XII student who can help carry out the implementation of GST was assigned to the developed states but also provides the GST compliance requirement of filing an Empowered Committee of State Finance Image: Courtesy Google opportunity to the backward states to JOB HIGHLIGHTS FCI BUAT Follow us @Employ_News Food Corporation of India, Jaipur requires 281 UPSC Banda University of Agriculture & Technology Watchmen, Last Date : 07-08-2017 Pg - 16 Union Public Service Commission invites requires 103 Professor, Associate facebook page application for various posts Food Corporation of India, Bangalore requires 117 Professor, Assistant Professor etc. Last Date : 27.07.2017 Pg - 3 Watchmen, Last date : 24.07.2017 Pg -29 Last Date : 07-08-2017 Pg - 14-15 facebook.com/director.employmentnews CAREER OPPORTUNITIES IN FISHERIES & ORNAMENTAL FISH CULTURE Dr. Arun S. Ninawe and the same is not being exploited in a Employment Avenues: collection and fishing in processing plants. technology driven manner. Considering Although there has been large number of On-farm studies under Rural Agriculture isheries sector occupies a very importantth e relatively simple technique involved, fisheries set up in India and avenues for Work Experience (RAWE) help students to F place in the socio-economic developmentthis activity has the potential to create expansion this has not been propagated gain practical learning on aqua farms, of the country. It has been recognizedsubstantia as a l job opportunities, besides due to lack of training facility and awareness hatcheries, fish processing units, value powerful income and employment generator helping export earnings. among the educated youth. Creation addition, resource management etc. as it stimulates growth of a There are more than 120 countries of training centre with facilities on ornamental through educational programme of ICAR. number of subsidiary industries and is a involved in ornamental fish trade. About fish breeding can sustain production and After completion of B.F.Sc. candidates source of cheap and nutritious food besides 60-65% of ornamental fish were supplied export of ornamental fish and also increase can opt for M.F.Sc. (Master of Fisheries being a foreign exchange earner. Most from the developing countries. Altogether the internal demand. This will ultimately Science) for taking admission in Central importantly, it is the source of livelihood for a about 1,800 species of fish are traded, of create opportunities for unemployed youth.
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