Spot admission open till August 31 at women's ITI in Coimbatore
Women who have completed Class 10 are eligible to apply, with no upper age limit or special fees. An assistance centre at the institute will help walk-in applicants.
Courses offered include one-year training in Computer Operator & Programming Assistant, Desktop Publishing Operator, IoT Technician (Smart Health Care), and Sewing Technology; two-year courses in Instrument Mechanic, Electronics Mechanic, Information Technology, and Technician Medical Electronics; and a six-month course in Smart Phone Technician Cum App Tester. Successful candidates will receive the National Trade Certificate issued by the Central Government.
The release said trainees will receive a ₹750 monthly stipend, bicycle, uniforms, footwear, textbooks, drawing instruments, and a free bus pass. Eligible women under the Pudhumai Penn scheme will get an additional ₹1,000 monthly.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
9 hours ago
- Business Standard
Insurers hopeful of reduction in GST on health and life premiums
The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech on Friday, announced GST relaxations aimed at providing relief to ordinary citizens, farmers, the middle class, and the small and medium enterprises (MSME) sector. Currently, GST on health, and life insurance premiums is 18 per cent. For some time now, the insurers have been requesting for a reduction in health insurance GST rates to 12 per cent from the existing 18 per cent, along with the benefit of input tax credit to the insurance business. According to the industry, revision in GST rates will make insurance more affordable, aid insurance penetration and help in achieving the 'Insurance for All by 2047' initiative – a target set by the Insurance Regulatory and Development Authority of India (IRDAI). Insurance penetration in India stood at 3.7 per cent in FY24 as against 4 per cent in the year ago period, with non-life insurance penetration flat at 1 per cent and life insurance penetration at 3 per cent as against 2.8 per cent. Growth in health insurance has been affected by affordability concerns amid high medical inflation. Meanwhile, reports suggest that, in a major overhaul of the GST structure, the Central government has proposed scrapping the 12 per cent and 28 per cent tax slabs — a move expected to provide relief on a wide range of goods and services and boost the economy. As per the proposal, 99 per cent of the products and services in the 12 per cent slab will be shifted to 5 per cent, and most of the items in the current highest slab of 28 per cent will be moved to the 18 per cent slab. 'We hope for a reduction in GST on life and health insurance. Even if GST is lowered across other sectors, including consumer goods, (this) would significantly boost disposable income, empowering individuals to make more informed financial decisions…This move would not only encourage insurance inclusion but also strengthen the foundation of social security,' said Sharad Mathur, MD & CEO, Universal Sompo General Insurance. 'Multiple options have been explored including lower rates for health and life insurance premiums, reduction in GST rates for premiums paid by senior citizens etc. Industry also feels that health and life could be categorised as a merit sector and given a lower rate instead of bringing the rates down to 0 per cent,' said an industry executive, who did not wish to be named. Revenue collected by the central government through GST on health and life insurance premiums surged to Rs 16,398 crore in FY24 from Rs 2,101 crore in FY20, Minister of State for Finance, Pankaj Chaudhary, had told the Lok Sabha in November 2024.
Mint
14 hours ago
- Mint
Govt proposes GST overhaul; 12%, 28% rates to be dropped
New Delhi: In a major overhaul of the goods and services tax (GST) structure, the Central government has proposed to do away with the 12% and 28% tax slabs, which is expected to bring relief on a large number of goods and services and stimulate the economy. In the short term, though, it could mean a revenue gap to the exchequer, a central government official said on Friday. As per the proposal, 99% of the products and services in the 12% slab will be shifted to 5% and most of the items in the current highest slab of 28% will be moved to the 18% slab. The remaining few items in the 28% bracket will be moved to a new 40% slab, which will be an outlier, and cover only a few 'sin goods' such as tobacco products, the official said. The proposal has been sent to a ministerial group and will be placed before the federal indirect tax body, the GST Council, by September or October. As part of the restructure, existing tax anomalies will be corrected and refunds expedited, the official said. Prime Minister Narendra Modi announced the GST restructuring during his Independence Day speech earlier in the day, describing it as a 'double Diwali' for people. The revamp of the GST system will also see the expiry of the GST compensation cess currently levied on items like sports utility vehicles, tobacco and sugary drinks. Given that many of the products and services currently in the 28% slab will move to 18%, it is likely to benefit the automobile sector, too. The official mentioned above declined to comment specifically on individual commodities or services. The consumption stimulus follows a massive income tax relief offered to people in the Union Budget for 2025-26 and a 100-basis points reduction in the repo rate by the Reserve Bank of India since February to help support economic growth. The finance ministry and the GST Council Secretariat did not immediately reply to queries emailed on Friday seeking comments.
Hans India
16 hours ago
- Hans India
Explained: Structural GST reforms to bring rate rationalisation, ease of living
New Delhi: Addressing the nation on the 79th Independence Day celebrations on Friday, Prime Minister Narendra Modi said that the upcoming GST reforms will bring rate rationalisation and relief to farmers, the middle class and MSMEs. "The Central Government is proposing major reforms in GST to build an 'Atmanirbhar Bharat' by focussing on structural reforms, rate rationalisation, and ease of living," PM Modi said. Reforms also aim to reduce classification disputes, correct inverted duty structures in specific sectors, ensure greater rate stability, and improve ease of doing business, an official release said. Correction of inverted duty structures aims to align input and output tax rates, reducing the accumulation of input tax credit. This will enhance domestic value addition. Further, the government plans to address classification issues to streamline rate structures, minimise disputes, simplify compliance processes, and ensure greater equity and consistency across sectors. Long-term clarity on rates and policy direction will enhance industry confidence and improve business planning, the release said. The government also plans to reduce taxes on staple-use items and aspirational goods to increase affordability, boost consumption, and make these products more accessible to a larger population. The rate rationalisation will reduce slabs to two: A standard tax rate and a merit-based rate. Special rates will be imposed on select items only. The end of compensation cess has created fiscal space, providing greater flexibility to rationalise and align tax rates within the GST framework for long-term sustainability, the release said. GST registration will be made seamless, technology-driven, and time-bound, particularly for small businesses and startups. "Implement pre-filled returns to reduce manual intervention and eliminate mismatches. Refunds will be processed faster, and automated processing of refunds will be done for exporters and those with an inverted duty structure," the release said. The Central Government has sent its proposal on GST rate rationalisation and reforms to the Group of Ministers (GoM) constituted by the GST Council.
