Page 41 - Banking Finance MAY 2017

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out such regulations which will bridge the gap between the
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rich and the poor.
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All this requires fund mobilization which can be obtained only A Leading Monthly Journal on Banking & Finance
through extremely simple taxation process so that general Covers Schemes
public does not feel burden to determine and pay tax. Keep- RBI Banking 1 Year 750
Finance Rural/Co-op 3 Year 1500
ing all this in mind government stepped out for presump-
Stock Market Risk Management 5 Year 2250
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system in the economy and to generate more revenue ,
moreover, the problem of corruption and dispute in cash ORDER FORM
department can be reduced.
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Filing return under this section is extremely simple as sala-
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ried employees. Data reveals the fact that only 3-4% Indian
pay tax on their income, a huge section of tax payers be- Designation:
long to only salaried employee. Hence main purpose of Company's Name :
launching presumptive taxation regime is to bridge the gap Address :
among tax payers and to bring all to pay some tax instead Pincode :
of having theme outside the tax net. T Phone : Mobile :
Government releases Rs. 23kcr Fax : E.Mail :
Publication Order :
for MGNREGS *Scheme Opted : No.of Copies

The Centre has released Rs. 23,443 crore to the states (Please mention the scheme name example : It-1, Lit-1 or Combo 4-1)
under Mahatma Gandhi Na- Period of Subscription : From to
tional Rural Employment Guar- Details of payment : Cash/M.O./D.D./Cheque* No
antee Scheme (MGNREGS) as
part of the government's early
Dt drawn Rs.
spending push. Funds released
would be used to undertake pri- Ordinary Registered Post (Please tick)
ority work under water conservation measures. The gov- *For outstation cheque please add Rs.50/- towards bank charges.
ernment had allocated Rs. 48,000 crore to MGNREGS in Outstation cheques of metro cities accepted only. No Charges ap-
plicable for payable at per cheques.
this year's budget.
Do not make any Cash Payment
It has also declared drought in eight states, allowing them
for Subcription of Journals Signature of Subcriber
to offer 50 days of extra manual work under NREGS in
2017-18. These states have been asked to take up water Please tear and send it along with your letter
conservation and drought proofing projects under
MGNREGS. Mode of Payment
"All states have been advised to ensure that such works 1. Payable at per Cheque/Demand Draft favouring Sashi Pulbications
are taken up wherever required with appropriate techni- Private Limited, Payable at Kolkata
2. You can directly ECS/Deposit cash in our bank account number
cal and scientific scrutiny," a press statement by the rural
below in your city and send us copy of Pay in slip by email.
development ministry said. A/C Name : Sashi Publications Private Limited
States have also been asked to ensure that 65% expendi- A/C No. : 402120110000327
Bank : Bank of India
ture under MGNREGS is on Natural Resource Management
Branch : V V K Road Branch., Kolkata, India
activities. India faced two back-to-back drought years be-
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fore it got a healthy monsoon in 2016, though some parts Make Online Payment by Credit Card/Debit Card or your net banking
of the country still got below-normal rains. account at our website www.sashipublications.com

BANKING FINANCE | MAY | 2017 | 41

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