Latest news with #980
Time of India
2 days ago
- Business
- Time of India
State Secured Record FDIs Last Financial Year, Surge To Continue: CM
Nagpur: Chief minister Devendra Fadnavis announced on Thursday that the state secured an unprecedented Rs1,64,875 crore in foreign direct investment (FDI) for the financial year 2024-25. This accounts for 40 percent of India's total FDI inflow and marks a 32 percent increase over the previous year. "This year, Maharashtra has broken its own records for the last decade," Fadnavis said in a post on X. He added that the state had already surpassed its previous high within the first nine months of the fiscal year, crediting the surge to the 'leadership of deputy chief ministers Eknath Shinde and Ajit Pawar, and the collective effort of the state cabinet'. The chief minister highlighted that the final quarter alone — from January to March 2025 — brought in Rs25,441 crore in FDI, solidifying Maharashtra's position as India's top destination for foreign investment. "Under the leadership of my colleagues Shinde, Pawar and the cabinet, this race for our Maharashtra will continue," Fadnavis said. Official data shared by the chief minister showed Maharashtra's FDI trajectory over the past decade, with major fluctuations: Rs61,482 crore in 2015-16, rising to Rs1,31,980 crore in 2016-17, and rebounding to Rs1,19,734 crore in 2020-21 after brief dips. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets อ่านเพิ่มเติม Undo The figure for 2024-25 marks the highest to date. Industry experts attribute Maharashtra's continued success in attracting foreign investment to its robust infrastructure, skilled workforce, and investor-friendly policies, even amid broader economic uncertainties. Mumbai's longstanding role as India's financial capital has also bolstered the state's appeal to global investors. The record-breaking figure comes as the Mahayuti coalition, comprising the BJP, Eknath Shinde-led Shiv Sena, and NCP headed by Ajit Pawar, readies for local elections later this year. The FDI milestone is likely to feature prominently in the ruling alliance's pitch to voters, with Fadnavis presenting it as evidence of the state's economic resilience and growth. According to data compiled by the department for promotion of industry and internal trade (DPIIT) through December 2024, Maharashtra leads the country in FDI inflow, followed by Karnataka and Gujarat. The final quarter of the financial year, Fadnavis noted, will only further strengthen Maharashtra's standing. "Of course, there is still one quarter left in this financial year," he added.
Egypt Independent
24-05-2025
- Business
- Egypt Independent
Sisi ratifies final accounts for FY 2023–2024 budgets of several authorities
CAIRO, May 22 (MENA) – President Abdel Fattah al-Sisi has ratified laws approving the final accounts for the budgets of several government entities for the 2023–2024 fiscal year. The approved budgets include those of the National Institute for Governance and Sustainable Development with LE231,083,980, the National Authority for Quality Assurance and Accreditation of Education with LE79,570,302, the Cairo International Stadium Authority with LE162,944,450, and the University Support and Development Authority with LE1,256,680,366. Additionally, the president ratified final accounts for the Grand Egyptian Museum, totaling LE10,735,845,612, the National Academy for Training, amounting to LE407,748,708, the General Authority for Tourism Development, with LE3,696,610,325, and the Prison Manufacturing and Production Fund, recording LE775,144,524. The laws were published in the Official Gazette. (MENA)
The Star
15-05-2025
- Health
- The Star
Asean countries snuff out vaping trend
PETALING JAYA: Several South-East Asian countries have already imposed a blanket ban on the sale of vapes and e-cigarettes. Singapore has some of the harshest punishments, with offenders liable to fines not exceeding S$10,000 (RM32,980) or jail terms of up to six months or both for the first offence. For the second or subsequent offence, both the fine and jail term can be doubled. Any person who is convicted of possession, use and purchase of e-vaporisers is liable to a fine not exceeding S$2,000 (RM6,600). The purchase, possession and use of emerging and imitation tobacco products, including e-vapourisers, have been prohibited in the republic since Feb 1, 2018. This is in addition to earlier prohibitions on the importation, sale and distribution of these products. Cambodia was among the first in Asean to prohibit the import, trade, and use of e-cigarettes and shisha in 2014, although there have been cases of illegal imports and sales of these products. The National Authority for Combating Drugs effectively enforced the ban, making vaping a drug offence. Thailand also banned vaping in 2014 for health reasons, with the government constantly reminding tourists that it is illegal. Earlier this year, a spokesman for the Thai government announced that it would implement stricter measures against e-cigarette smokers, who could face charges for possessing smuggled products. The sale and import of e-cigarettes are also prohibited in Brunei under the Tobacco Order (2005), according to the Global State of Tobacco Harm Reduction website.
The Star
09-05-2025
- Business
- The Star
‘Register workers for PERKESO by May 31 or face action'
Calling all bosses: Sim announcing the extension of PERKESO Amnesty Month until May 31 during a press conference in Kuala Lumpur. With him is PERKESO group chief executive officer Datuk Seri Dr Mohammed Azman Aziz Mohammed. — YAP CHEE HONG/The Star KUALA LUMPUR: Employers who have yet to register their workers under the Social Security Organisation (PERKESO) and have outstanding contributions are given until May 31 to do so, says Human Resources Minister Steven Sim. He said that with the extension of the PERKESO Amnesty Month, errant employers will be exempted from compounds, legal action and late payment interest fees (FCLB) until May 31. 'Since the announcement of amnesty month this year, there has been an increase of 40% of employers registering for PERKESO compared to the same period last year. 'A total of 8,234 employers and 61,746 workers have registered, including 46,094 locals and 15,652 foreign workers. 'Exemption has been given for 913 FCLB notices issued under the Social Security Act 1969 and Employment Insurance Act 2017 involving 433 new employer registrations amounting to RM226,980,' he told a press conference here yesterday. Sim also announced that employers who have already registered with PERKESO could also enjoy a 50% discount on FCLB this month. 'This covers 215,172 employers who still have outstanding FCLB under the above two Acts, amounting to RM100mil,' he added. He urged employers who have yet to register or make PERKESO contributions for their workers to come forward during the amnesty month to avoid legal action. 'After May 31, there will be no mercy (for the employers),' he added. It was announced earlier this year that PERKESO had given employers a grace period from April 1 to 30 to register and begin voluntary contributions for their employees without facing legal action.
The Star
09-05-2025
- Business
- The Star
PERKESO grace period for errant bosses extended to May 31, says Sim
KUALA LUMPUR: Employers who have yet to register their workers under the Social Security Organisation (PERKESO) and have outstanding contributions are given until May 31 to do so, says Human Resources Minister Steven Sim. He said that with the extension of the PERKESO Amnesty Month, errant employers will be exempted from compounds, legal action and late payment interest fees (FCLB) until that date. 'Since the announcement of amnesty month this year, there has been an increase of 40% of employers registering for PERKESO compared to the same period last year. ALSO READ: F&B, hospitality sectors top PERKESO non-compliance list 'A total of 8,234 employers and 61,746 workers have registered, including 46,094 locals and 15,652 foreign workers. 'Exemption has been given for 913 FCLB notices issued under the Social Security Act 1969 and Employment Insurance Act 2017 involving 433 new employer registrations amounting to RM226,980,' he told a press conference here on Friday (May 9). Sim also announced that employers who have already registered with PERKESO could also enjoy a 50% discount on on FCLB this month. 'This covers 215,172 employers that still have outstanding FCLB under the above two Acts amounting to RM100mil,' he added. He urged employers who have yet to register or make PERKESO contributions for their workers to come forward during the amnesty month to avoid legal actions. 'After May 31, there will be no mercy (for the employers),' he added. It was announced earlier this year that PERKESO had given employers a grace period from April 1 to 30 to register and begin voluntary contributions for their employees without facing legal action.
