23 July, New Delhi
Prime Minister Narendra Modi Saturday asked people with undeclared assets to come clean before September this year and take benefit from the Income Declaration Scheme.
Speaking at a felicitation function organized for the Prime Minister by All India Gems and Jewelery Trade Federation, Modi said it is a better alternative than living in fear of the government and Income Tax officers.
Saying that he wanted citizens to sleep peacefully, Modi said he would not like to take action against people who do not declare assets till the last date of the scheme.
He urged jewellers to ask people with the Gems and Jewellery industry to declare assets saying tax evasion is common in this industry.
The Prime Minister asked the gems and jewelery industry to work towards establishing a global presence and to look beyond the domestic market.
He also called for innovation and skill development to achieve the objective. Modi noted that there is an increasing global demand for handmade jewellery.
Recalling the recent issues related to excise duty, the Prime Minister said these issues gave an opportunity for the gems and jewellery industry and the Government to better understand each other.
Govt says to facilitate those who want to be part of Start Up initiative
23 July, New Delhi
Government says it is more than willing to facilitate those who want to be part of Start Up initiative.
Addressing a conference in New Delhi on Saturday, Commerce and Industry Minister Nirmala Sitharaman said, government believes in accountability and transparency, therefore all the partners have to work with commitment.
The Minister called for innovation in several areas such as agriculture and infrastructure so that more employment can be created in the country.
Ms Sitharaman said all efforts would be made to boost the Start Up.
Ms Sitharaman said states needs to further encourage the initiative and Centre is ready for all assistance.
This Start Up India initiative is aimed at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive for growth of Start-ups.
The objective is that India must become a nation of job creators instead of being a nation of job seekers.