Tag Archives: Jasuja

“The Ghost Of GST will be Set Free On July 1. Are You Ready?”

Editor-NCMGST – Goods and Services Tax – which will be a single destination based consumption tax – is all set to replace existing taxes, including CENVAT, Octroi, Sales Tax, and Excise Duty, etc. from July 1, 2017. According to the Empowered Committee of State Finance Ministers, constituted by the Government of India: “GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the producer’s point and service provider’s point up to the retailer’s level. It is essentially a tax only on value addition at each stage, and a supplier at each stage is permitted to set-off, through a tax credit mechanism, the GST paid on the purchase of goods and services as available for set-off on the GST to be paid on the supply of goods and services. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.” Continue reading “The Ghost Of GST will be Set Free On July 1. Are You Ready?”

India’s Job Creation & Race for Development in Asia

Editor-NCMThe race for development, among nations, using globalization as a major tool is slowing down thanks to the recent signs of the revolt against globalization. Ironically, this revolt is being seen in countries that initiated, propagated and, to some extent, monopolized the rules of globalization. It is no secret that despite many advantages of globalization in terms of growth in opportunities and skill development, the fact remains that largely, there has been a jobless growth in most countries. Also, the gap between the rich and the poor has widened to an unimaginable extent creating widespread unrest among those disadvantaged populations everywhere that feel being left out or not being looked after well by their respective governments. Continue reading India’s Job Creation & Race for Development in Asia

China’s Anti-Pollution Law has Fast & Furious Actions & Targets

Editor-NCMChina’s colossal growth of textile and clothing industry has contributed to the rampant pollution prevailing today. The wastewater emissions from dyeing and printing in China are estimated about 3 × 106 to 4 × 106 m3 per day, i.e. 3 – 5 tons wastewater a day from dyeing 100 m fabric. The wastewater is characterized by intense color, high pollutant concentrations and poor biological degradability. It contains large amounts of harmful substances like formaldehyde and chemical auxiliaries that could cause headache, skin allergies and other health hazards. Some aromatic amines, heavy metals and preservatives are found to be “possibly carcinogenic” to humans, and they can destroy the equilibrium of ecosystem and also the aquatic life. The exhaust gases lead to serious harm to the atmospheric environment. Continue reading China’s Anti-Pollution Law has Fast & Furious Actions & Targets

Fashion Designers Playing Key Role in Sustainability Awareness

Editor-NCMThe fashion world is redefining what it means to be really fashionable these days. Fashion experts have discovered a new medium, termed ‘sustainability’, to express their ideas with respect to the apparel designing, usages plus their recycling and reuse. The redefined fashion is supposed to be such that the garment, which is at their centre stage, must be given the respect it deserves, by producers and retailers, and also by consumers. That means any garment that, if worn, gives some positive message and expresses our support for sustainable consumption behaviour. Continue reading Fashion Designers Playing Key Role in Sustainability Awareness