New industrial policy for UP soon; Cabinet sets up GoM

At the first cabinet meeting presided over by Chief Minister Yogi Adityanath, it was decided to set up a five- member group of ministers led by deputy chief minister Dinesh Sharma for studying industrial policies of other states so as to formulate the state's own policy for boosting investment, senior ministers Siddharth Nath Singh and Srikant Sharma said.New industrial policy for UP soon; Cabinet sets upThe Uttar Pradesh government decided to formulate a new industrial policy to attract more investment with a view to generating jobs in the state.At the first cabinet meeting presided over by Chief Minister Yogi Adityanath, it was decided to set up a five- member group of ministers led by deputy chief minister Dinesh Sharma for studying industrial policies of other states so as to formulate the state's own policy for boosting investment, senior ministers Siddharth Nath Singh and Srikant Sharma said.The GoM will visit other states and study the policies of Gujarat and Madhya Pradesh, among others, for preparing a policy to improve investments through single window system, they told media persons after the 90-minute meeting of the cabinet.

Artson Engineering, Nila Infrastructures up 4-7

Artson Engineering, Nila Infrastructures up 4-7% on order winNila Infrastructures has received work order from AMC towards construction of D.K. Patel hall at AhmedabadNila Infrastructures rose more than 4 percent and 7 percent intraday Wednesday on order win.Artson Engineering has received a contract of approximately Rs 12.50 crore from Tata Projects for the piping and mechanical works in the state of Maharashtra, India.Nila Infrastructures has received work order from AMC towards construction of D.K. Patel hall at Ahmedabad.With this company forays into yet another activity within Civic Urban Infrastructure.The project involves built up constriction of about 6000 square meters and shall be completed within 24 months at an envisaged cost of Rs 155.7 million.At 10:31 hrs Nila Infrastructures was quoting at Rs 18.05, up Rs 0.80, or 4.64 percent and Artson Engineering was quoting at Rs 50.40, up Rs 0.55, or 1.10 percent on the BSE

Read more for Indian Stock Tips- http://bit.ly/ace_services

IIT Jammu, IIM Vizag get maximum funds from govt

The government has disbursed Rs 258.54 crore of funds to new IITs and Rs 133.65 crore for new IIMs.Six new Indian Institutes of Technology (IITs) and seven new Indian Institutes of Management (IIMs) had been announced in the Budgets of 2014-15 and 2015-16. While they are yet to get their permanent campuses, the government has disbursed Rs 258.54 crore of funds to new IITs and Rs 133.65 crore for new IIMs.Of this, IIT Jammu received Rs 69.34 crore from the Ministry of Human Resource Development (HRD) while IIM Vishakhapatnam received Rs 29.63 crore from MHRD. However, institute officials said that they will function in their full student strength once the campuses are constructed.We are operating from a temporary location. Once the full campus is ready, the new IITs will be able to offer multiple undergraduate as well as postgraduate courses," said an associate professor at one of the new IITs.Similarly, the newer IIMs will have to build the brand reputation so that during the placement process, top recruiters are able to visit the campus

Govt notifies simplified ITR; e-filing to start from tomorrow

The government today notified a simplified Income Tax Return form for individuals which will be available for filing ITR for Assessment Year 2017-18 from tomorrow.Currently, SAHAJ (ITR 1) is filed by salaried employees and ITR 2 by individuals and HUFs whose income does not include income from business.The government has done away with two forms ITR 2A (used by individuals & HUFs not having income from business or profession and capital gains and who do not hold foreign assets).Only 6 crore out of 29 crore persons holding permanent account number (PAN) file income tax returns at present. 

Companies spend Rs 476 cr under Swachh Bharat Kosh as CSR initiative

Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014Companies spent about Rs 476 crore towards 'Swachh Bharat Kosh' as part of their corporate social responsibility (CSR) in two years, Parliament was informed today.In addition, companies spent a total of Rs 21 crore towards Clean Ganga Fund in 2014-15 and 2015-16.