#new bank job circular 2023

[jobscirculars]

Titas Gas Transmission Job Circular

Titas Gas Transmission Job Circular

Titas Gas Transmission Job Circular 2022 has been published in the daily newspaper and to get Recent Job Circular Titas Gas. the Titas Gas Transmission and Distribution Company Limited Job Circular 2022 all of the information from jobs circulars. All interested candidates check the Titas Gas Transmission job notice and want more information visit the official website https://www.titasgas.org.bd…

[job-circular-app]

Job Circular App

Read job news daily. Read daily job post, read exam preparation guide, see daily new job news, like private jobs, bank jobs, government jobs, medical jobs, school college jobs, engineering jobs, see circular posts of all types of jobs, you can apply very easily. Get all your job news on Job Circular BD. job circular App Read job news every day, visit our website regularly to find the job of your choice, get all kinds of job news News New Job Website, such as government job, company job, bank job, private job, school college job, medical job and other job news, here Weekly magazine news, such as Chakrir Dak and other news magazines, New Job, Govt Job, Private job, Job circular, Job BD, teletalk job নতুন চাকরি, চাকরির বিজ্ঞপ্তি, চাকরি বিডি, সকল চাকরি, All job, job 2023, চাকরি ২০২3, সরকারি চাকরি, বেসরকারি চাকরি, হট চাকরি, বাংলাদেশ চাকরি, সাপ্তাহিক পত্রিকা, সকল পত্রিকার নিউজ, চাকরির খবর, দৈনিক চাকরি, জব আপডেট নিউজ, চাকরির ডাক, সাপ্তাহিক চাকরি, নিয়োগ বিজ্ঞপ্তি, সার্কুলার, চাকরির সার্কুলার, নতুন চাকরির সার্কুলার, নতুন সার্কুলার, Govt Job, Private job, Job circular, New Job, Job BD, All job, job 2022, সকল চাকরির নিত্য নতুন আপডেট দেখুন https://jobcircular.app/ New job, job circular, job bd, all job, government job, private job, hot job, Bangladesh job, weekly newspaper, all newspaper news, job news, daily job, job update news, Weekly Job, alljobs teletalk bd, alljobs teletalk, teletalk job circular, govt jobs today, army sainik job circular, teletalk job circular 2023, job news, company job, bank job, school college job, medical job, other job, All job, job 2023, চাকরি ২০২২, Weekly magazine, Chakrir Dak, নতুন চাকরি বিজ্ঞপ্তি, চাকরির বিজ্ঞপ্তি, বাংলাদেশ চাকরি বিজ্ঞপ্তি, চাকরি বিডি, সকল চাকরি, সরকারি চাকরি নিয়োগ বিজ্ঞপ্তি, বেসরকারি চাকরি বিজ্ঞপ্তি, সাপ্তাহিক চাকরি পত্রিকা, সকল পত্রিকার নিয়োগ বিজ্ঞপ্তি, চাকরির খবর, দৈনিক চাকরি, জব আপডেট নিউজ, চাকরির ডাক, সাপ্তাহিক চাকরি নিয়োগ, নিয়োগ সার্কুলার, All job, job 2023, চাকরি ২০২২, All job, job 2022, see daily new updates of all jobs https://jobcircular.app/

Job Circular App #Recruitment Circular. #Job circular 2023, #gov job, #Circular App

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all job bd Circular App gov job 2023 Govt job Mosque Based Child and Mass Literacy Program( MBCMLP) ob Circular app

[globalempowermentleadership]

Be The Change: Facts Fueling the Fight for Climate JusticeClimate change isn't just an environmental crisis; it's a social justice emergency. While everyone experiences its wrath, underprivileged communities face the brunt of the blow.  This demands a data-driven approach to bridge the gap and achieve a just and sustainable future for all.The Numbers Tell a Story:20 million people globally displaced due to climate disasters (Internal Displacement Monitoring Centre, 2023).Developing nations suffer most, with women and children disproportionately affected (UN Women, 2023).Economic losses from extreme weather events projected to reach $14.3 trillion per year by 2030 (Global Commission on Adaptation, 2021).A Path Towards Climate Justice:A new report ([link to the report here]) proposes a framework connecting transport emissions with social justice. This reframes climate change as a health, social, and environmental issue.The UN Sustainable Development Goals (SDGs) ([link to the SDGs here]) offer a roadmap for tackling poverty, inequality, and climate change.Success stories show that strong political will, innovative solutions, and global cooperation are crucial.Investing in Climate Justice Pays Off:Reduced healthcare costs: Combating climate-induced health issues like respiratory illnesses saves billions. (World Health Organization, 2021)Improved food security: Climate-smart agriculture ensures food production even in extreme weather conditions. (World Bank, 2023)Job creation: The green economy is projected to generate 24 million new jobs by 2030. (International Labour Organization, 2021)Empowering You to Make a Difference:Subscribe to the Global Empowerment Leadership (GEL) on Youtube:Short link: bit.ly/3SEd7XQ Full Youtube channel link: https://www.youtube.com/watch?v=S_AxNrm5ILw  (ensure viewers can subscribe)Dive deeper:Read our feature article, "Unbuilding the Future: Reimagining Construction with Circularity": bit.ly/3Stdrd8Explore GEL's video library on climate action:Giga Factory Supercharging the Battery Revolution: youtu.be/ppcCfZjZS0w  Sustainable Agriculture and Food Systems: youtu.be/U7HPlzc2mB0GEL's Youtube video: Unleashing the Potential of the Inflation Reduction Act: Building a Sustainable Future: youtu.be/7TM_4QOtP18   Remember, every action counts. Together, we can be the change!#ClimateJustice #Sustainability #GlobalGoals #ClimateAction #SDGs #DataDriven #FactsMatter #Empowerment

[lawyerbd]

Navigate the Seas of Opportunities: A Guide to Landing Your Dream Bangladesh Govt Job

For many Bangladeshis, securing a government job represents stability, prestige, and a fulfilling career path. With numerous positions across diverse fields, the Bangladesh government sector offers a vast ocean of opportunities for qualified individuals. But navigating this vast landscape can be daunting. Fear not, aspiring candidates! This comprehensive guide equips you with the knowledge and tools to chart your course towards your dream Bangladesh government job.

1. Dive into the Depths: Exploring Job Categories

The Bangladesh government encompasses a multitude of ministries, departments, and organizations, each with its unique job requirements. Familiarize yourself with the diverse categories:

Civil Service: Encompassing administrative, managerial, and professional roles across various ministries.

Defense Services: Including positions in the Army, Navy, Air Force, and Border Guard Bangladesh.

Education: From teachers and lecturers to administrators in universities and schools.

Healthcare: Doctors, nurses, paramedics, and other medical professionals serving public hospitals and clinics.

Technical Fields: Engineers, IT specialists, scientists, and technicians contributing to infrastructure development and research.

Public Sector Enterprises: Opportunities in banks, telecommunication companies, and other government-owned entities.

2. Chart Your Course: Eligibility and Qualifications

Each job category has specific eligibility criteria, usually outlined in official job circulars. Meticulously review these documents to ensure you meet the educational qualifications, experience requirements, and age restrictions. Remember, some positions require specific examinations, like the Bangladesh Civil Service (BCS) exams for administrative roles.

3. Stay on Course: Job Search Resources

Several valuable resources can guide your job search:

Bangladesh Public Service Commission (BPSC) Website: The official portal for government job notifications and application procedures.

Ministry Websites: Individual ministries often publish job openings on their websites.

Online Job Boards: Platforms like BDJOBS and Alljobs by Teletalk aggregate government job postings.

Newspapers and Magazines: Job circulars are frequently published in national and regional newspapers.

4. Navigate the Currents: Application Process

Once you identify a suitable position, carefully follow the application process outlined in the job circular. This typically involves:

Online Application: Most government jobs require online applications through designated portals.

Document Submission: Prepare and submit the required documents, including certificates, transcripts, and experience letters.

Examinations: Some positions involve written tests or competitive examinations.

Interview: Shortlisted candidates are usually called for interviews to assess their suitability.

5. Weather the Storms: Stay Updated and Persistent

The government job application process can be competitive and time-consuming. Stay updated on new job openings, diligently prepare for examinations, and don't be discouraged by setbacks. Persistence and a well-honed skillset are key to success.

Remember:

Stay informed: Regularly check job boards and relevant websites for new opportunities.

Network: Build connections with individuals working in your desired field.

Seek guidance: Consider professional guidance or coaching to enhance your application and interview skills.

With dedication, preparation, and the right resources, you can navigate the vast ocean of Bangladesh government jobs and land your dream position. So, set sail, equip yourself with knowledge, and chart your course towards a fulfilling career in the public sector!

[esglatestmarketnews]

How ESG Factors Drive Sustainable Growth in the Online Grocery Sector

Grocery CEOs, consumers and grocers envisage online shopping as the next big thing, spurred by technological advancements and greater convenience. The COVID-19 onslaught was partly attributed to online grocery flooding the market. While leading players and startups jumped on the bandwagon, ESG watchdogs were wary of the sustainable impact the industry would have on the planet. Stakeholders are expected to harness gender equality, fair wages, waste reduction, responsible sourcing of farm produce and sound corporate governance. 

The ease of browsing, getting items ticked off and quick delivery have been a revelation—a delivery service delivering to multiple homes has negated the need to drive to the store. More than 17 million metric tons of CO2 pollution are attributed to weekly household trips to the grocery store, a report cited by the U.S. EPA claimed. Incumbent players have furthered investments in electric vehicles (EVs) to offset greenhouse gas emissions. In April 2022, India-based Swiggy, a food delivery company, joined forces with EVIFY to enable grocery and food delivery through EVs in Surat, Gujarat. 

Industry leaders are likely to emphasize upstream transportation (farm-to-retail) and foster last-mile transportation—pushing for deliveries and offsetting personal trips. Centralized grocery delivery services and fulfillment centers have brought a paradigm shift in minimizing GHG emissions and food loss. State-of-the-art technologies, including predictive analytics, can provide the silver bullet to prevent pilferage and streamline sourcing. Besides, boosting access to affordable and high-quality fresh food, along with the focus on diversity, integrity and transparency, will remain instrumental for a circular economy.  Is your business one of participants to the Online Grocery Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Kroger and BigBasket Invest in Climate Strategy for a Sustainable Future

The online retail boom and an emphasis on speed and user experience—instant delivery—have disrupted e-commerce business models. Brands with sustainability strategies appeared resilient during the COVID-19 outbreak, banking on online shopping to conserve raw materials and minimize GHG emissions. Kroger is poised to establish a new Scope 3 goal for supply chain emissions reduction in line with its Science Based Targets initiative (SBTi) commitment. The American retail giant has set 2030 sustainable packaging goals, such as using 100% recyclable, reusable and/or compostable packaging. 

Amidst emerging climate risks and opportunities, Kroger inferred using infrared refrigerant leak-detection technology in 2,000 stores. Meanwhile, in 2021, Bigbasket, a TATA Enterprise-owned online grocery retailer, teamed up with New Leaf Dynamic to install a biomass-powered chiller that can save 186 tons of CO2 annually. The Indian giant cited in its Green Report 2022 that it produced 5,457,000 kWh of solar power (reducing 1,670 tons of GHG emissions) in 2022 and 5,458 electric delivery vehicles helped minimize 7012 tons of CO2 emissions during the period. 

Amazon Fresh Navigates Changing Social Landscape 

Amidst rampant layoffs and the prevalence of workplace injuries, grocery warehouses and fulfillment centers have prioritized the social pillar. In January 2023, Amazon announced over 18,000 job cuts, denting workers across industry verticals, including grocery stores. People employed as supply chain managers, program managers, software engineers and store designers bore the brunt in online grocery delivery and fresh stores businesses. That said, the American behemoth inferred in May 2023 that it had poured CDN 25 billion since 2010 in its Canadian operations, including job creation and establishment of data centers and fulfillment centers. In September 2021, the U.S. giant committed USD 1.2 billion to offer 300,000 employees education and skills training programs till 2025. 

Incumbent players have upped investments to make the workplace safer and foster a healthy environment. Amazon has a team of health coordinators, physiotherapists and advisors. The occupational doctors perform medical checks and report trends in major risk areas. 

The U.S. e-commerce company has augmented diversity, equity and inclusion (DEI) efforts to underscore its sustainability quotient. In 2021, it committed to a 30% rise year over year in hiring U.S. black employees in level 4 through level 7 from the preceding year’s hiring. The multinational company warrants 100% of employees to take inclusion training. 

Governance Key for Relentless Sustainable Goals of Rakuten and Walmart

Sound corporate behavior is second to none for an agile business process and an inclusive global system that complements ethical business practices. Rakuten creates a list of ESG themes with the assistance of external experts and refers to the UN Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) Materiality Map.

The Japanese company has appointed Chief Compliance Officer (CCO) to undergird compliance management. It has banked on a risk-based approach to define high-risk issues and implement measures, such as prevention of money laundering and terrorist financing; prohibition of bribery and corruption; and adherence to competition, antitrust and other related laws. 

Rakuten has propelled board diversity—outside directors account for 58.3% of the BoD, while 25% are foreign directors. Meanwhile, Walmart expects Board members to disclose their race/ethnicity and gender annually. Its board had 27% women and 18% directors who are racially/ethnically diverse (as of April 2023). 

Millennials and Gen Z want the e-commerce sector to foster social contributions, operate in a responsible supply chain and bolster transparency. ESG reporting could be pronounced, prompting online incumbents to further their investments in sustainability. Grand View Research anticipates the global online grocery market size to depict upward growth through 2030. Investments in the circular economy can create momentum and be a differentiating factor in an ever-growing competition in the online grocery business. 

Related Reports:

Real-time Payments Industry ESG: https://astra.grandviewresearch.com/real-time-payments-industry-esg-outlook

Digital Payments Industry ESG: https://astra.grandviewresearch.com/digital-payments-industry-esg-outlook

Business Process Outsourcing Industry ESG: https://astra.grandviewresearch.com/business-process-outsourcing-industry-esg-outlook

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

[allbdjobscircular]

Astha Life Insurance Ltd Job News 2023

[airinakter7days]

Government Job Circular, Private Job, BD Job Circular, Recent Govt Job Circular, Bangladesh Government Job, BD Govt Job Circular, New Job Circular

[earaercircular]

“In Latin America we have the circular economy in our blood”

The Ecuadorian engineer Daniela Córdoba speaks, in an interview, about the region's efforts to force companies to take responsibility for the waste their products generate

Change is slow, but more and more consumers around the world, fed up with contributing to environmental problems, are willing to pay more for products made from scarce natural resources. This was confirmed by a survey carried out last year in 28 countries[1], in which 71% of respondents said that companies that use these resources must pay more taxes, even when the consumer price increases. This sentiment was particularly strong in developing countries such as Latin America.

Perhaps unknowingly, consumers are pointing to an economic model that has been promoted for years by academia and multilateral organizations: the circular economy. The current model is linear, explains Daniela Córdoba, World Bank consultant and expert on the subject, who sat down with El País in an interview. If the linear model is to extract, produce and discard, the circular model is to reuse, reproduce and recover[2].

The large textile, oil, plastic and chemical companies are the ones that put up the greatest resistance, says the specialist, via videoconference, from her office in Quito, Ecuador. But the potential is enormous. It is estimated that five million new jobs can be created in the region to move towards the circular economy by 2030.

Q:  What exactly is the circular economy?

A: It is a productive and economic model where either a product or a service is analysed with the primary objective of extending the useful life of the product and a final objective of recovering, so that no waste or garbage is generated. That is the key. At the end of the useful life of this product, you send it back to the production cycle or to the biological cycle, as is the case, for example, with food that can go to composting. The circular economy analyses all the inputs and outputs of water, matter and energy. All processes and efficiencies are analysed and go hand in hand with the production of different products and services.

Q. This sounds great, especially when we consider the effects of climate change in the region[3], but how realistic is it for countries to move to this model?

A.: Many countries, especially in the European Union, already have a circular economy plan focused on the different strategic sectors, where first they have to sensitise and educate micro, small and medium-sized companies and the Government. Once this is achieved, it focuses on the consumer. The new laws are being designed to be followed by producers, manufacturers or importers. If they want to sell a lot, in an accelerated and unsustainable way, let them do it, but they will have to recover, let's say, 35% of the waste they generate. An example of this is the strategy that Colombia is implementing with its decree on Waste Electrical and Electronic Equipment[4], which is progressive and extends the responsibility of the producer. In Peru there is also a general directive that came out this year that deals with cleaner production, which is also focused on the circular economy and allows companies to generate commitments with the Government, so that they say, for example, 'Let's reduce our water consumption by 15% by 2023”. At first these are voluntary, but it is understood that in the near future they will become mandatory. [5] Right now, Mexico is discussing its circular economy law.[6] Governments, academia and companies have to raise consumer awareness, that is the Achilles' heel of the circular economy. Let's say that a company adopts a circular model, working hand in hand with the Government. If the consumer throws away the product without giving it to his collector or recycler, the model is broken. Europe too has now declared that everyone has the right to repair.[7] This means that the big companies like Apple, Samsung, Huawei, they have to literally give you a brochure and videos and give you a screwdriver so that you yourself have the opportunity to change your battery, change the screen, etc. In Japan there is a very strong culture of “the three Rs”: reduce, recycle and recover.

Q. Do you think that this culture can be generated in our region?

A.: In Latin America we have the circular economy in our blood because we always want to lower costs. When I buy a new cell phone, I sell the old one on the second-hand market, or I give it to my relative, for example. We always see the financial and emotional benefit of repairing and we see it in the Apple and Samsung stores that offer repair services. What they saw in Europe is that it is not enough to offer this service, because it is a kind of programmed obsolescence that the consumer cannot open or repair the product himself because the guarantee is no longer respected. That is not right. A few weeks ago we saw the announcement that Europe will force all cell phone manufacturers to use the same type of cable, to stop generating so much waste. If an Apple cable can be used for a Samsung product, resources are optimized and mining extraction is avoided. [8]  The idea is to stop extracting from our planet.

Q. Although we Latin Americans seek to extend the useful life of expensive products, single-use plastics dominate the market.

A .: It's true. We have become a very easy culture in which, for example, we prefer disposables for a party to washing the dishes. Single-use plastic is very cheap, it doesn't cost you what it costs you, for example, a pair of jeans. What is needed is a government that offers you facilities to deliver all those single-use plastics or tells you where the recycling company is that collects them. It is worth mentioning that this type of plastic degrades between 10% and 15% with each process and can be used for a more limited number of products because it loses resistance. The denim pants, in our region, become a short and then even a bag. It all depends on the cost. If it costs you, it hurts your pocket, you look for alternatives so that another person can take advantage of it.

Q. Fashion, especially the concept of fast fashion[9], is known to be highly polluting. Has the circular economy not reached these textile companies?

A.: These companies continue to put out up to three clothing collections per week[10]. They are now incorporating a collection that they label as sustainable. C&A, for example, obtained a very expensive and very difficult certification called cradle to cradle, in which they use clothing that was not sold and remained in warehouses. But, so far, this is more of a greenwashing[11], an action taken to give the impression of sustainability. H&M is offering discounts in exchange for used clothes, regardless of the brand. These clothes are then used to make new designs. But they continue to produce excessively because, of course, for them this represents sales. The problem is that the extended responsibility of the producer is not falling in the textile industry. The same goes for the big bottlers and food companies.

Q. Who are the ones who most strongly resist this model?

A.: In addition to the textile, bottling and food companies, there is a lot of resistance in the plastics and chemical industry. The chemical industry is the strongest, it is the one that sends lobbyists to ask congressmen to change the laws, to make them more lax, to be progressive, so that they can comply by making minimal changes. There are countries where fines are imposed, but the fines cost less than making a structural change in the company process. For the oil and mining industries, the circular economy is not convenient because it is convenient for them to continue extracting. To the construction industry as well,[12] despite the fact that it is the sector that can most easily move towards circular economy models using steel, stone, cement or aluminum from previous buildings. But, I repeat, if it doesn't cost big companies, they won't change. We have the opportunity to generate approximately five million jobs, in all of Latin America, in repair, remanufacturing, etc., by 2030. The circular economy has enormous potential. Companies have to start thinking about how to generate industrial symbiosis, where their waste can become raw material for another company, even in another industry.

Source

Isabella Cota, Daniela Córdoba: “En América Latina tenemos en la sangre la economía circular”, in El País, 12-08-2022, https://elpais.com/america-futura/2022-08-03/daniela-cordoba-en-america-latina-tenemos-en-la-sangre-la-economia-circular.html

[1] A survey carried out by Ipsos for the World Economic Forum has found that 71% of people agree that businesses whose activities use scarce natural resources should pay additional taxes – even if that pushes up the purchase price of goods and services. An even greater majority – 85% of adults across 28 countries – said they want to see “information on the use of scarce natural resources” available on product labelling. https://www.weforum.org/agenda/2021/06/consumers-natural-resources-ipsos-survey/

[2] Ken Webster, an economist who promotes the circular economy, gave a conference this week in Barcelona as part of the Creator Space Tour organized by Basf. Webster is Head of Innovation at the Ellen MacArthur Foundation, a foundation whose mission is to accelerate the transition to a circular economy. https://elpais.com/elpais/2015/10/30/alterconsumismo/1446190260_144619.html

[3] Lakes that evaporate and deprive fishermen of the life they knew, temperature changes that end species, droughts that turn fertile lands into deserts... Four Latin Americans who live in the present time the effects of global warming, and fight to mitigate them, what count in first person. https://elpais.com/america-futura/2022-07-28/desde-la-zona-cero-del-cambio-climatico-asi-afecta-la-crisis-ambiental-a-los-latinoamericanos.html

[4] Gestión Integral de los Residuos de Aparatos Eléctricos y Electrónicos – RAEE."By which Decree 1076 of 2015 is added, Sole Regulatory of the Environment and Sustainable Development Sector, in relation to the Integral Management of Waste Electrical and Electronic Equipment - WEEE and other provisions are dictated" https://www.funcionpublica.gov.co/eva/gestornormativo/norma.php?i=85199

[5] Approve General Directive No. 002-2022-PRODUCE-DM “Provisions that regulate the expression of interest, evaluation, formulation, subscription, execution, follow-up and evaluation of the Cleaner Production Agreements of the Manufacturing Industry and Internal Trade in the Ministry of Production, as well as the recognition of the fulfilment and the continuity in the fulfilment of its goals”. https://www.gob.pe/institucion/produce/normas-legales/2919204-146-2022-produce

[6] On November 17, 2021, the plenary session of the Senate of the Republic approved the draft decree issuing the General Law of Circular Economy for Mexico. While the next steps are being discussed in the Chamber of Deputies, the news has filled multiple actors involved with this incipient but powerful conversation in Mexico with joy, but it has also been submitted to voices that are not completely convinced of how efficient these regulations will be in reality. https://www.eleconomista.com.mx/opinion/Que-sigue-para-la-economia-circular-en-Mexico-20220518-0046.html

[7] Read also https://earaercircular.tumblr.com/post/661118774058123264/repairing-electrical-appliances-is-becoming-easier & https://earaercircular.tumblr.com/post/668219531657969664/apple-announces-self-service-repair-with-customer

[8] In recent times, the sale of second-hand smartphones has proliferated, cheaper and more environmentally friendly than the purchase of new mobiles. https://elpais.com/tecnologia/tu-tecnologia/2022-04-15/como-reparar-los-moviles-usados-frente-a-la-renovacion-salvaje-de-las-marcas.html

Read also: https://earaercircular.tumblr.com/post/664410703921381376/the-fairphone-4-in-practical-trial

[9] While political summits discuss an action plan to end the industry's abuses, thousands of young people buy huge amounts of clothing from ultra-fast fashion brands to wear it at most once online. The opening this Thursday of the Shein temporary store with very long queues is evidence of this. https://smoda.elpais.com/moda/actualidad/como-las-nuevas-generaciones-estan-volviendo-a-los-peores-habitos-del-low-cost-mas-feroz/

Read also: https://earaercircular.tumblr.com/post/692459092854423552/the-resistance-to-fast-fashion-the-planet-is-no & https://earaercircular.tumblr.com/post/654945249306738688/circular-textile-lab-scaling-up-recycled?is_related_post=1

[10] Read also: https://earaercircular.tumblr.com/post/683760732220932096/the-era-of-cheap-and-plenty-may-be-ending

[11] Read also: https://earaercircular.tumblr.com/post/681528665945915392/verbose-and-empty-this-is-how-you-distinguish

[12] Read also: https://earaercircular.tumblr.com/post/691759770262208512/modular-timber-frame-apartments-from-geel-b-are & https://earaercircular.tumblr.com/post/667949635074146304/sustainability-becomes-a-discipline-in-every?is_related_post=1

[dgpr-punjab-newsroom]

CM UNVEILS RS. 34BILLION DEVELOPMENT PACKAGE FOR MULTAN

With the compliments of, The Directorate General Public Relations,

Government of the Punjab, Lahore Ph: 99201390.

No.672/QU/Umer

HANDOUT (A)

THE DAYS OF SOUTH PUNJAB’S DEPRIVATION AND BACKWARDNESS ARE OVER- USMAN BUZDAR

LAHORE, April 26:

          Today is a historic occasion when the foundation stone of the south Punjab secretariat has been laid while fulfilling the long-standing demands of the people. I am thankful to PM Imran Khan and the construction and timely completion of the south Punjab secretariat in Multan will be ensured. Similarly, the foundation stone of the south Punjab secretariat will be laid soon in Bahawalpur. South Punjab was kept deprived in the past and people were deceived through fudge figures. The utilizing of the development budget in south Punjab was not more than 17 per cent in the past but the incumbent government has allocated and ringfenced 33 per cent funds for southern Punjab.

This was stated by Chief Minister Punjab Sardar Usman Buzdar while addressing the ceremony of laying the foundation stone of the south Punjab secretariat and announcement of the Multan Development Package in Multan on Monday.

The CM said that more than 27 thousand schools, including 38 per cent from south Punjab, have been upgraded. Meanwhile, PTI inherited unfinished projects worth 1300 billion and these schemes are being completed to facilitate the people. The people of south Punjab have entrusted the PTI and the development of Multan is a priority agenda of the government. Under the district development package, he said hundred development schemes will be completed in Multan including 47 roads, 23 supply and disposal of water, 9 educational, 6 healthcare and other departments' projects. Work has been started on several projects and timely completion will be ensured, he added.

          The CM said that development projects costing 78.72 crore rupees will be completed under the local government development programme in Multan. 4 development schemes of 3.31 billion have been inaugurated in Multan including e-khidmat centre, shelter home, urban forest and labour housing colony in an industrial estate. 992 flats are being given to labourers in the labour housing colony, he added. He said that foundation stone of 5 schemes has been laid with an amount of 8.97 billion in Multan including dual Mattital road, shelter home, 200-bed mother and child hospital, similarly, the expansion of Multan-Vehari Road will be completed with a cost of 18 billion in PPP mode, he added.

The CM said the south Punjab secretariat will be completed with 3.54 billion rupees adding that ACS and additional IG have been posted while the number of departments has been increased for the south Punjab secretariat. Meanwhile, legislation is being made to allocate job quota for south Punjab's youth. Meanwhile, separate service tribunal and drug courts will be established for south Punjab. Two drug courts will be established in Sahiwal and DG Khan respectively along with the establishment of a service tribunal, intellectual property rights courts and environment tribunal. The CM said 316 schools, including 269 girls schools, are being upgraded in Multan with a cost of 73.85 crore rupees. Similarly, needy youth is given loans worth more than 35 crore rupees in Multan under Punjab Rozgar Scheme and facility this will continue. The Punjab government is providing direct subsidy to farmers through Kisan Cards for agri-inputs. The latest agri-machinery worth 47 crores has been provided to farmers at a subsidized rate, he said and further stated that crops' insurance programme will be continued. More tractors will be given under Punjab Rozgar Scheme, he added.

The CM said the Punjab Rural Water Supply and Sanitation Project of around 90 billion rupees is being started from this year in collaboration with the world bank in 16 tehsils of the province, including 8 tehsils of south Punjab, to complete projects related to supply and drainage of water in villages. 11 billion rupees will be spent on water supply, sewerage, solid waste management, street lights, roads and parks in the next two years in Vehari, Burewala, Khanewal, Kot Addu and Bahawalnagar under Punjab Cities Project, he added. District Jail will be relocated to Mattital Road and the existing land will be converted into a park, he disclosed. 1.50 billion rupees are being allocated in the next financial year budget, he added. Spadework on the relocation of the grain market, truck stands and iron market in Multan has been completed as it would resolve traffic problems, he added. Northern Bypass, from Bosan Road to Head Muhammadwala, will be dualized; he said and revealed that NHA will complete this project. 30 Kanal land has been provided from the police line to expand the district courts. District Courts will be given 20 Kanal while 26 Kanal land is being given for the expansion of the High Court. Meanwhile, 6 Kanal land has already been given, he added. The CM said that a new judicial complex will be constructed and two basement parking plazas are being constructed for lawyers. Meanwhile, funds are being given for the expansion of Abdali Road, Circular Road, Hussain Agahi Road and roads in the centre of the city. Expansion of Violence Against Women Center has also been completed, he further said.

The CM affirmed Multan Municipal Corporation has been given the status of Metropolitan corporation and the construction of Nishtar-2 has also been started by the PTI government. OPD will be inaugurated this year while the project will be completed before June 2023 with a cost of 8.84 billion. The new OPD of Multan Institute of Cardiology will be made functional this year with a cost of 3.14 billion, he said. The cancer ward is completed in Nishtar Hospital and machinery is being installed. The pharmacy project will be completed next month at 40 crore rupees. Along with it, a new building of DHQ Hospital Multan has been completed near Shershah Bypass with a cost of 1.67 billion rupees and medical equipment is being procured. He said 1 billion rupees is earmarked for Multan University of Engineering and Technology and Government Emerson College Multan has also been given the status of a university. A BS Block is being constructed there as well, he continued.

The CM said that Astroturf ground will be constricted at Mattital Road in Multan to promote the game of hockey with a cost of more than 45 crore rupees. The model cattle market is being constructed with a cost of 49 crores and the child protection institute is being built with a cost of 31 crores to provide shelter to abandoned children. A flyover will be built on Madni Chowk with 74 crores and 2.84 billion rupees will be spent for constriction of flyover at railway line in-between Nadirabad Phatak and Industrial Estate. 25 per cent work of linking Shershah Bypass with Motorway M4 has been completed, he said. 59 crore rupees are being spent on this project, he said. The regional campus of the MPDD Department will be completed in Multan next year for 50 crore rupees. He said that 28 KM long village-to-market roads have been completed with a cost of 35 crore rupees and 37 crore rupees will be spent on repair and maintenance of 25 KM long roads from village-to-markets. Similarly, the government will complete 13 sewerage projects in different areas of Multan with an amount of 11 billion rupees. New disposal stations will be constructed and new sewerage lines will also be laid under these schemes, he said. The days of deprivation and poverty of south Punjab are over and new chapters of development of south Punjab and the whole of the country will be written under the leadership of PM Imran Khan, concluded the CM.

*****

No.669/QU/Mujahid

HANDOUT (A)

POLITICIZATION OF CORONA CHALLENGE IS DEPLORABLE: USMAN BUZDAR

LAHORE, April 26:

Chief Minister Punjab Sardar Usman Buzdar has regretted that the opposition is using the corona challenge for its political gains.

In a statement, the CM asserted that every effort was made by the government to deal with the third corona wave adding that the number of ventilators and oxygen beds has been increased in the hospitals to facilitate the patients. Regrettably, the opposition is trying to achieve mundane political mileage over the corona issue, he added. However, those distancing the people in the corona pandemic have been isolated, he added. The CM regretted the PDM had busted a gut to spread coronavirus by holding public meetings during the pandemic. This selfish cabal played with the lives of the people to gain some political benefits; this proves the impassive opposition has no regard for the lives of the people. Those who did not care for the health and safety of the people, during the pandemic, have become a symbol of disgrace; concluded the CM.

** **

No.670/QU/Mujahid

HANDOUT (A)

KISAN CARD PROGRAMME WILL TREMENDOUSLY BENEFIT THE FARMERS: USMAN BUZDAR

LAHORE, April 26:

The Punjab government has aptly completed the agri reforms agenda entrusted by the prime minister on February 8 with a six-month time duration. In this regard, the launch of the Kisan Card Programme has been completed before time and is launched from Multan as a pilot project to benefit the farming community.

This was stated by Chief Minister Punjab Sardar Usman Buzdar while addressing the launch ceremony of the Kisan Card Programme in Multan on Monday. He also appreciated the role played by Agriculture Minister Hussain Jahanian Gardezi, chief secretary, agriculture secretary, Habib Bank, PITB and PLRA in the launch of this program.  

The CM greeted the presence of PM Imran Khan adding that this programme will provide numerous benefits to the farmers including agri loans, crops' insurance and subsidy on fertilizers, pesticides and seeds through registered shops. The agriculture department has established a network of 30 thousand service shops for the utilization of this card in the whole of the province, he continued. Initially, Rs.17 billion subsidy is given in collaboration with the Pakistan government during the ongoing Khareef season, he said. Meanwhile, the CM pointed out that watercourses are being improved; model agri markets are established and the per-acre yield of wheat is being increased along with the promotion of oilseed crops under an Rs.300 billion worth PM agri emergency programme. Similarly, the Punjab government was providing subsidy on agri machinery and 50 per cent and 60 per cent subsidy were given on latest drip irrigation and solar system installation respectively, he added.

The Punjab government has introduced a comprehensive agriculture policy and 8000 land record centres were being established, including more than 3000 in south Punjab, to save the farmers from the exploitation of revenue staff, concluded the CM.

[chrisana988]

Plastic Finance

How Plastic Finance is Trying to Solve the Waste Problem in the World

Plastic has been a problem for 400 years, that's 16 generations. 91% is not recycled, which ultimately impacts us and the environment. Plastic waste is everywhere, we eat plastic, drink plastic, breathe plastic. More than 2 trillion plastic bottles are sold every minute, half of them from Asia, and Indonesia ranks second among the biggest polluters in China.Today the term circular economy appears again and again. In the old linear economy, the product cycle went from the manufacturing or manufacturing phase to the use phase, and in the end the product was disposed of as a waste material. But this old linear economy is destroying the earth, not everything we produce is biodegradable. In a circular economy, product life is like a cycle. From the manufacturing process to the use phase to disposal, we can recycle and reuse as much as possible. Policymakers around the world are striving for a more circular economy by reducing the amount of new resources needed to keep the economy going and by minimizing the amount of waste.Plastic Finance is the first blockchain-based plastic bank in Indonesia. Lift scavengers out of poverty Give the poor access to bank loans through defi. Financing plastics will increase access to jobs, education, services and technology for many Indonesians. Also, help the government achieve green planning or ecological budgeting through land protection. Clean the environment and benefit from it at the same time.RECYCLE REUSE and PROSPERWhat is plastic finance?Plastic Finance provides an environment, social environment and governance also known as ESG themed investments using cryptocurrency and blockchain technology. 1 PLAS token with a selling price of 10 kg of carbon dioxide per year and approximately 6.4 tons of recycled plastic per year. By recycling, Plastic Finance contributes to CO2 emissions as a number of profits are used for Greenify initiatives such as planting teak trees in decarbonized areas.Financing Plastics empowers plastic waste pickers through cooperatives and DeFi by providing them with financial inclusion and access to education. For every 50 tonnes of recycling per hour, 50 people are needed in the supply chain. Plastic Finance targets to recycle 80,000 to 2,16,000 tons of plastic waste per year by the end of 2023.Blockchain technology and stable coins can play a big role in incentivizing households and MRFs to streamline funding for the plastic recycling industry. With smart contracts, we can tokenize all kinds of plastic regrinds and pellets, create internal exchangers so people and industry have easy access to monetize plastic waste, and blockchain provides more transparency for any plastics industry supply chain. In addition, we can create DeFi-Dapps (decentralized financing, decentralized applications) so that waste can be pledged as assets.Plastic Finance's Vision 📷 With Blockchain and DApps, Plastic Finance can streamline the recycling business flow and empower scavengers to get better care for their hard work. Plastic Finance will create an app that scavengers can use to sell their waste to MRF, exchange it for cash, or store it as an asset in the form of Grinds Stable Coin, which can be pledged on our DeFi platform.How the Platform WorksPlastic Finance  works in two ways: empowering the waste community (such as scavengers, scavengers, etc.) and rewarding those involved in the network. Scavengers will be rewarded for their contributions, where they have the option to earn money in tokens or fiat (real) money. If they prefer crypto tokens, they can actually take part in the platform. They can use this platform to gain access to finance, and this is rare because the trash community is usually the unbanked. Well, with this platform, these unbanked people can finally enjoy financial accessWhat are PLAS tokens?PLAS is the native token of the Plastic Finance ecosystem. PLAS was created to fund recycling projects and serves as a governance and token of ownership to receive student dividends or share profits from recycling and DeFi transactions and internal stock market

deployments.Plastic Finance charges 5% of the internal exchanger spread price for regrind plastics and 0.175% fee for deposit withdrawal transactions or loan payments on the DeFi platform. All these fees are bundled in the wallet and can be distributed regularly with the help of smart contracts.Plastic Finance annually collects 60% of the net profit from the cooperative's recycling business. In return, Plastic Finance will distribute costs and profit sharing to PLAS holders as dividends.Token PLASPLAS is the native token of the Plastic Finance ecosystem. PLAS was created to fund the Recycling project and serves as a governance and ownership token for earning student dividends or profit sharing from recycling and DeFi transactions, Internal Exchange spreads.Plastic Finance will collect a 5% fee from the price of the plastic internal exchanger spread, and a 0.175% fee from a savings withdrawal transaction or loan payment on the DeFi platform. All these fees will be collected in the wallet and using a smart contract, can be distributed regularly.Plastic Finance collects 60% of its net profit annually from the cooperative's recycling business. In turn, Plastic Finance will distribute costs and profit sharing as dividends to PLAS holders.Tokenomics Ticker : PLAS Token Type : BEP-20 MainNet Token Address : 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB Total Token Supply : 23.900.000 PLASToken Allocation📷ROADMAP![Screenshot_20210612-144656_1.png](  📷FOR MORE INFORMATION CONTACT THE FOLLOWING LINK: Website:  https://plastic.financeTelegram Group:  @plasticfinanceAnn telegram:  @plasticfinance  _news Twitter:  @plastic  _finance Whitepaper:  https://plastic.finance/whitepaper.pdfYoutube:  https: //www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kewInstagram:  @official  _plasticfinance Medium:  https://medium.com/@Plastic_FinanceLinkedIn:  https://linkedin.com/company/plastic-financeUsername   chrisanaLink: https://bitcointalk.org/index.php?action=profile;u=2633297

[dailykhaleej]

$145 PhilHealth premium for Filipino domestic workers this 2020, know what you’ll pay by 2024

File picture: Filipinos at a remittance centre in Satwa district of Dubai. Picture Credit score: Courtesy: Julian de Jesus

Dubai: Below Philippine law, each Filipino expatriate employee should pay a 3% month-to-month premium to the Philippine Well being Insurance coverage Company (PhilHealth) this 2020.

The rise in PhilHealth premiums covers all abroad Filipinos, together with their dependents. It was rolled out late final 12 months.

On April 22, the state-owned well being insurer revealed a round explaining the tiered contributions and assortment of cost from abroad Filipino members.

Who’s covered by the recent PhilHealth circular?

All abroad Filipinos working or residing abroad, together with those that are on vacation or ready for their abroad work paperwork, whether or not they’re unregistered or registered with the National Health Insurance Program (NHIP).

Why was the circular issued?

PhilHealth acknowledged that round clarifies particulars of the regulation that gives for the gathering of PhilHlealth premiums from Abroad Filipinos.

First web page of the Philhealth round issued just lately Picture Credit score: PhilHealth

Who’re the Abroad Filipinos (OFs)?

By regulation, it means Abroad Filipinos (OFs) and their dependents:

Land-based OFWs

Seafarers and different sea-based workers

Filipinos with twin citizenship (RA 9225)

Filipinos residing overseas

Abroad Filipinos in misery

Different abroad Filipinos not beforehand labeled elsewhere

What’s the foundation of computation of the three% PhilHealth premium price to be paid this 12 months by OFWs?

It is a tiered cost computation, which steadily will increase annually from 2019 to 2025 — 2.5% in 2019, 3% in 2020, 3.5% in 20201, 4% in 2022, 4.5% in 2023, 5% in 2024 and 2025.

Common Well being Care (UHC) Legislation (RA 11223)

On February 20, 2019, the Common Well being Care (UHC) Invoice was signed into regulation (Republic Act No. 11223) by President Rodrigo Duterte. It routinely lists all Filipino residents within the Nationwide Well being Insurance coverage Programme (NHIP).

The regulation gives a minimal (ground) earnings of Php10,000 and a most earnings of Php60,000 this 2020. In case your wage is Php60,000 or above, you’re mandated by regulation to pay Php1,800 ($36) per 30 days or Php21,600 this 12 months ($434.23).

$424

(Php21,600) annual insurance coverage premium to be paid by every abroad Filipino who earns Php60,000 or above this 2020 underneath Common Well being Care, R.A. 11223

By 2021, the minimal stays the identical, however the ceiling will increase to Php70,000. It steadily will increase by P10,000 every per 12 months until the utmost of Php100,000 is reached by 2024/25.

What does this imply?

Which means that in case your month-to-month wage is >Php60,000 (Dh4,430) per 30 days, your month-to-month premium might be computed solely towards the Php60,000 ceiling — Php1,800 per 30 days, or Php21,600 per 12 months.

What if my month-to-month earnings is Php100,000 or above? By 2021, the utmost quantity towards which the premium is computed might be Php70,000. Then it goes up Php80,000 in 2022, Php90,000 in 2023 and Ph100,000 in 2024/25/ Which means by 2024, and you continue to have a Php1000,000-month-job, your month-to-month premium might be Php3,000, or Php36,000 yearly. By 2024, an OFW who earns Php100,000 (about $2,000) should pay a month-to-month PhilHealth premium of Php5,000 ($100) per 30 days or Php60,000 ($1,200) per 12 months.

Q: I’m a domestic helper incomes $400. How a lot is my month-to-month PhilHealth premium this 2020?

Php600 ($12, or Dh44.30) per 30 days x 12 = Php7,200 per 12 months ($145/Dh531.65).

$12

month-to-month PhilHealth premium for domestic workers incomes $400 underneath new Philippine regulation

Screenshot of the web page of the regulation signed by President Rodrigo Duterte stating proportion of month-to-month premiums primarily based on earnings. Picture Credit score: Screenshot / Philippine Gazette

Q: What if my month-to-month earnings is Php100,000 or above?

By 2021, the utmost quantity towards which the premium is computed might be Php70,000. Then it goes up Php80,000 in 2022, Php90,000 in 2023 and Ph100,000 in 2024/25.

Which means by 2024, an OFW who earns Php100,000 (about $2,000) should pay a month-to-month PhilHealth premium of Php5,000 ($100) or Php60,000 ($1,200) per 12 months.

Q: What’s a PhilHealth “case rate package” for COVID-19?

It is a rule that units the utmost quantity that the state insurer will pay for the remedy of a affected person for a sure ailment.

In case a affected person falls in poor health, hospital prices over and above that quantity stipulated within the case price package deal have to be borned by the affected person out of pocket — or by way of a private medical insurance.

Q: Does PhilHealth pay for remedy of COVID-19 sufferers?

Sure. PhilHealth presently pays all of the hospitalization and remedy prices incurred by sufferers who contracted SARS-CoV-2, the virus that causes the acute respiratory illness.

Q: How a lot is roofed for COVID-19 remedy?

Philippine President Rodrigo Duterte has declared PhilHealth advantages for COVID-19 instances would cowl medical bills starting from P8,150 for testing to P786,834 for vital instances of pneumonia.

Duterte additionally acknowledged that the protection of the profit packages each for COVID-19-related pneumonia and neighborhood isolation will endure a 30-day overview to regulate the charges.

Q: How a lot is the duvet for totally different classes underneath the brand new package deal for COVID-19 sufferers?

PhilHealth protection for COVID-19 sufferers is organized into 4 classes, relying on the severity of situation.

Protection might be primarily based on the next:

gentle pneumonia – P43,997 (Dh3,248)

average pneumonia – P143,267 (Dh10,578)

extreme pneumonia – P333,519 (24,626)

vital pneumonia – P786,384 (Dh58,066)

PhilHealth president and CEO Ricardo Morales Morales defined that the package deal was so designed since pneumonia was a critical complication led to by COVID-19.

It was enforced on April 15. It additionally signifies that PhilHealth will nonetheless cowl all prices incurred by sufferers hospitalised previous to that date.

A complete of 494 Filipinos have been repatriated for the reason that begin of coronavirus (COVID-19) outbreak, in accordance with the Philippine missions within the UAE.

Q: How a lot did PhilHealth allocate for COVID-19 protection?

In April, PhilHealth has announce a P30 billion allocation for hospital reimbursements overlaying COVID-19 sufferers, for which P6 billion had already been disbursed, Morales stated.

Php30b

quantity allotted by PhilHealth for COVID-19 associated medical insurance bills.

He assured hospitals that PhilHealth was already coordinating with the banks to expedite the fund releases. The Philippine Charity Sweepstakes Workplace final month acknowledged that it might switch about P420.6 million to PhilHealth to cowl its COVID-19-related packages.

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[geeksperhour]

Analysis of Taxation Laws (Amendment) Ordinance 2019 

1. Background

On 20th September, 2019, the Taxation Laws (Amendment) Ordinance, 2019 was introduced by the Government of India, proposing various amendments in the Income Tax Act of 1961 as well as the Finance (No. 2) Act of 2019. The amendment includes an effective tax rate of 17.16% for manufacturing companies, which is quite competitive with or even better than the competing economies of Southeast Asia such as China, Thailand, Indonesia, Vietnam, Singapore, and Hong Kong. All the amendments are to be effective from 1st April, 2020. They will apply to the assessment year 2020-2021, relating to income earned in the financial year 2019-20 (which begins on 1st April, 2019).

The Indian economy is passing through a turbulent phase with GDP growth dropping down to 5% in the quarter ending June 2019. The Government of India has recognised the need for measures to improve public sentiment and the ease of doing business, as well as to revive the economy and put it back on track. Considering this, over the past month, it has announced multiple measures in this direction (for example, facilitation of start-ups and capital infusion in banks).

This article provides an analysis of important amendments introduced by the Ordinance, including comparative charts and tables. It also explains the factors to be considered while selecting the form of an organization from the options of Company, Proprietor, Partnership Firm and Limited Liability Partnership (LLP).

2. New Corporate Tax Rates

22% New Tax Rate (Sec. 115BAA)

An option is provided to all domestic companies to pay tax at a concessional rate of 22 percent with a fixed surcharge of 10 per cent and health and education cess of 4 percent. Thus, the effective tax rate for domestic companies will be 25.17 per cent.

Note that this provision is applicable to Indian domestic companies—i.e., all companies formed and registered in India, including by Multinational Companies—but does not include branches or permanent establishments of foreign companies.

15% Tax Rate for New Manufacturing Companies (Sec. 115BAB)

This provides the option of a concessional tax rate of 15% with a fixed surcharge of 10 per cent and a health and education cess of 4 percent to new domestic companies. These companies must be engaged solely in the business of manufacturing or production of any article or thing and research in relation to, or distribution of such article or thing manufactured or produced by the company.

This benefit will be available to all such domestic companies which are set up and registered on or after 1st October, 2019 and commence manufacturing on or before the 31st of March, 2023. Hence, this deduction will not be available to an existing company even if it sets up a new unit of manufacturing or production.

 Chart of New Corporate Tax Rates with Conditions:

Specified Deductions and Incentives Not Allowed under Sec. 115BAA and 115BAB:

SEZ u/s. 10AA

Additional initial depreciation allowance @ 20% u/s. 32(1)(iia)

The investment allowance for new Plant & Machinery u/s. 32AC, 32AD

Tea Development Benefit u/s. 33AB

Site Restoration Benefit u/s. 33ABA

Scientific Research Benefit u/s. 35

Accelerated capital deduction u/s. 35CCC

Skill development project u/s. 35CCD

Benefits available u/s. 80A, 80IB, 80IC etc (other than sec. 80JJAA)

Tax Rates Benefit Due to Sec. 115BAA:

Clarifications by CBDT 

The CBDT vide circular dated 2nd October, 2019 clarified two principal issues of allowability of brought forward loss and MAT credit.

(a) Allowability of brought forward loss on account of additional depreciation:

115BAA(2)(1) inter provides that the total income shall be computed without claiming any deduction under section 32 (1)(iia) additional depreciation. Also, it is provided that the total income shall be computed without claiming set-off of any loss carried forward from any earlier assessment year if the same is attributable, inter alia to additional depreciation.

Therefore, a domestic company which would exercise the option for availing the benefit of the lower tax rate under section 115BAA shall not be allowed to claim set-off of any brought forward loss on account of additional depreciation for an Assessment Year for which the option has been exercised and for any subsequent Assessment Year.

Further, as there is no timeline within which the option under section 115 BA can be exercised, it may be noted that a domestic company with brought forward losses on account of additional depreciation may, if it so desires exercise the option after setting off the losses so accumulated.

(b) Allowability of brought forward loss MAT credit:

Provisions of Section 115JB relating to MAT shall not be applicable to a domestic company which exercises the option under section 115BAA. Therefore, it is clarified that the tax credit of MAT paid by a domestic company exercising the option under section 115BAA of the Act shall not be available consequent to exercising of such option.

Further, as there is no timeline within which the option under section 115BAA can be exercised, it may be noted that a domestic company having MAT credit may, if it so desires exercise the option after utilising the said credit against the regular tax payable under the taxation regime existing prior to the promulgation of the Ordinance.

3. Minimum Alternate Tax (MAT) Rate Reduced to 15%:

The tax rate under section 115JB of the Act has been reduced from 18.5% to 15%. The net tax savings for domestic companies that continue to pay taxes as per the First Schedule to the Finance (No. 2) Act, 2019 can be seen in the following table, which is divided into categories based on the company’s amount of book profits:

4. Other Amendments

(a) Enhanced surcharge not to apply on capital gains on sales of equity shares or equity-oriented mutual funds

The enhanced surcharge on individual HUF, AOP, and BOI, including FPI of 25 per cent in case income exceeds Rs.2 Crore and 37 per cent in case income exceeds Rs.5 Crore, shall not be applicable in respect of capital gains arising on sales of equity shares in a company or units of equity-oriented funds or units of a business trust liable for security transaction tax.

This surcharge shall also not apply to the income of a foreign institutional investor (FII) from securities as referred in section 115AD of the Act.

(b) No tax on buyback of shares of listed companies before 5th July, 2019

The provision of section 115QA which was amended by the Finance (No.2) Act, 2019 exempted tax on buyback of shares of listed companies which have made a public announcement of such buyback before 5th July, 2019. It may be relevant to point out that the Finance (No.2) Act, 2019 has extended the levy of tax on buyback of shares of listed companies, taking effect from 5th July, 2019, with the result that many listed companies which have initiated the process of buyback have to pay further tax on such buyback.

5. Comparison of Companies with Proprietorship, Partnership Firm, LLP:

The introduction of the new corporate tax rates of 22% and 15% have increased the motivation to incorporate companies. Businesses should evaluate which form of organization is most advantageous, considering the taxation and other compliance requirements.

This table compares various forms of organization, assuming they are covered at the highest tax slab.

The company is the preferred organization structure from a tax point of view. However, one has to consider the restrictions and compliance requirements before making a final decision. Here are some of the compliance requirements one needs to consider:

Restrictions on acceptance of loans or deposits

Restrictions on giving loans or advances

Maintenance of records and minutes

Penalty provisions for non-compliance

Financials and other details being available on the MCA portal

Need to understand that the company is a separate person in all dealings

Various other restrictions and compliance requirements on companies

Conclusion

These amendments will encourage new investment opportunities for entrepreneurs, create job opportunities, and thus help to increase consumer demand. The reduction in corporate tax rates is not just a short-term measure to tackle slowing down of the economy, but also a major policy change. It is the dawn of a new era of corporate taxes, making Indian corporate tax rates internationally competitive.

This is a guest post written by Mr. Chintan Patel. He has more than 15 years of experience in accounting, tax and advisory. He has authored books and is a regular speaker at events organised by ICAI, ICSI, CMA and Corporates.

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[esglatestmarketnews]

The Future of ESG in the Online Grocery Industry

Grocery CEOs, consumers and grocers envisage online shopping as the next big thing, spurred by technological advancements and greater convenience. The COVID-19 onslaught was partly attributed to online grocery flooding the market. While leading players and startups jumped on the bandwagon, ESG watchdogs were wary of the sustainable impact the industry would have on the planet. Stakeholders are expected to harness gender equality, fair wages, waste reduction, responsible sourcing of farm produce and sound corporate governance. 

The ease of browsing, getting items ticked off and quick delivery have been a revelation—a delivery service delivering to multiple homes has negated the need to drive to the store. More than 17 million metric tons of CO2 pollution are attributed to weekly household trips to the grocery store, a report cited by the U.S. EPA claimed. Incumbent players have furthered investments in electric vehicles (EVs) to offset greenhouse gas emissions. In April 2022, India-based Swiggy, a food delivery company, joined forces with EVIFY to enable grocery and food delivery through EVs in Surat, Gujarat. 

Industry leaders are likely to emphasize upstream transportation (farm-to-retail) and foster last-mile transportation—pushing for deliveries and offsetting personal trips. Centralized grocery delivery services and fulfillment centers have brought a paradigm shift in minimizing GHG emissions and food loss. State-of-the-art technologies, including predictive analytics, can provide the silver bullet to prevent pilferage and streamline sourcing. Besides, boosting access to affordable and high-quality fresh food, along with the focus on diversity, integrity and transparency, will remain instrumental for a circular economy.  Learn more about the practices & strategies being implemented by industry participants from the Online Grocery Industry ESG Thematic Report, 2023, published by Astra ESG Solutions Kroger and BigBasket Invest in Climate Strategy for a Sustainable Future The online retail boom and an emphasis on speed and user experience—instant delivery—have disrupted e-commerce business models. Brands with sustainability strategies appeared resilient during the COVID-19 outbreak, banking on online shopping to conserve raw materials and minimize GHG emissions. Kroger is poised to establish a new Scope 3 goal for supply chain emissions reduction in line with its Science Based Targets initiative (SBTi) commitment. The American retail giant has set 2030 sustainable packaging goals, such as using 100% recyclable, reusable and/or compostable packaging.

Amidst emerging climate risks and opportunities, Kroger inferred using infrared refrigerant leak-detection technology in 2,000 stores. Meanwhile, in 2021, Bigbasket, a TATA Enterprise-owned online grocery retailer, teamed up with New Leaf Dynamic to install a biomass-powered chiller that can save 186 tons of CO2 annually. The Indian giant cited in its Green Report 2022 that it produced 5,457,000 kWh of solar power (reducing 1,670 tons of GHG emissions) in 2022 and 5,458 electric delivery vehicles helped minimize 7012 tons of CO2 emissions during the period. 

Amazon Fresh Navigates Changing Social Landscape  Amidst rampant layoffs and the prevalence of workplace injuries, grocery warehouses and fulfillment centers have prioritized the social pillar. In January 2023, Amazon announced over 18,000 job cuts, denting workers across industry verticals, including grocery stores. People employed as supply chain managers, program managers, software engineers and store designers bore the brunt in online grocery delivery and fresh stores businesses. That said, the American behemoth inferred in May 2023 that it had poured CDN 25 billion since 2010 in its Canadian operations, including job creation and establishment of data centers and fulfillment centers. In September 2021, the U.S. giant committed USD 1.2 billion to offer 300,000 employees education and skills training programs till 2025. 

Incumbent players have upped investments to make the workplace safer and foster a healthy environment. Amazon has a team of health coordinators, physiotherapists and advisors. The occupational doctors perform medical checks and report trends in major risk areas. 

The U.S. e-commerce company has augmented diversity, equity and inclusion (DEI) efforts to underscore its sustainability quotient. In 2021, it committed to a 30% rise year over year in hiring U.S. black employees in level 4 through level 7 from the preceding year’s hiring. The multinational company warrants 100% of employees to take inclusion training. 

Is your business one of participants to the Online Grocery Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices Governance Key for Relentless Sustainable Goals of Rakuten and Walmart Sound corporate behavior is second to none for an agile business process and an inclusive global system that complements ethical business practices. Rakuten creates a list of ESG themes with the assistance of external experts and refers to the UN Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) Materiality Map.

The Japanese company has appointed Chief Compliance Officer (CCO) to undergird compliance management. It has banked on a risk-based approach to define high-risk issues and implement measures, such as prevention of money laundering and terrorist financing; prohibition of bribery and corruption; and adherence to competition, antitrust and other related laws. 

Rakuten has propelled board diversity—outside directors account for 58.3% of the BoD, while 25% are foreign directors. Meanwhile, Walmart expects Board members to disclose their race/ethnicity and gender annually. Its board had 27% women and 18% directors who are racially/ethnically diverse (as of April 2023). 

Millennials and Gen Z want the e-commerce sector to foster social contributions, operate in a responsible supply chain and bolster transparency. ESG reporting could be pronounced, prompting online incumbents to further their investments in sustainability. Grand View Research anticipates the global online grocery market size to depict upward growth through 2030. Investments in the circular economy can create momentum and be a differentiating factor in an ever-growing competition in the online grocery business. 

About Astra – ESG Solutions by Grand View Research Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

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