Day: January 23, 2021

Budget Byte: Public health & wellness centres saw huge turnout in 2020

wayne January 23, 2021


Public health & wellness centres saw huge turnout in 2020 compared to a year ago


In 2020, health and wellness centres (HWCs) saw an unprecedented turnout — over three times that in 2018-2019. In some states such as Rajasthan and Maharashtra, footfall went up four to six times. The HWC Budget for FY21 is merely Rs 1,600 crore. The government may need to allocate more this year towards the primary health service.


Government-funded health insurance penetration uneven


After the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), health insurance coverage has improved in many states. But gaps remain and these may cut into the public’s out-of-pocket spending on health. Only a few states — Goa, Maharashtra and Assam are some examples — have been able to bridge the gap. Others that fall behind in coverage need to complement AB-PMJAY, which makes coordination between central and state schemes vital.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to

…

Serum fire: No angle ruled out, says CM as Poonawalla pegs loss at Rs 1K cr

wayne January 23, 2021


The Serum Institute of India (SII) on Friday said it has suffered losses of over Rs 1,000 crore due to the devastating fire that erupted a day before at its premises here, even as Maharashtra Chief Minister Uddhav Thackeray said that whether the blaze was an accident or sabotage will be known once the probe gets over.


Five contractual labourers died in the fire that broke out in a five-storey building in the SII’s Manjari premises in Pune on Thursday.


The chief minister visited the SII on Friday to take stock of the damages. He later addressed a press conference, where Adar Poonawalla, Chief Executive Officer (CEO) of the SII was also present.


Talking to reporters, Poonawalla said, “The extent of the damage is more than Rs 1,000 crore because of the equipment and products over there that were to be launched.”

He, however, reiterated that the Covishield vaccine production has not been impacted due to the blaze.


“Fortunately, we have got multiple facilities and as CM sir has explained, the COVID-19 vaccine’s supply will not be affected due to the incident,” Poonawalla added.


“We were very lucky

…

Income Tax Calculator for 2018-19

wayne January 23, 2021

As responsible citizens of this country, it is our duty to pay taxes on time. But what we need to determine in this regard is how much we have to pay and where we can avail tax deductions.

Moreover, we need to keep an eye on tax rates and changes in tax forms which vary year to year. While the first-timers may find the whole thing to be a little hectic, calculation of taxable income is easy when you know where to start and what to consider while you are calculating tax returns for a financial year.

In this article, we sum up everything that you need to know for calculating Income Tax for 2018-2019.

Where to start?

Basically, one has to  calculate income tax on the basis of his/her salary. There are a few income slabs and the rate of tax depends on the particular slab that your annual income falls into. Therefore, you need to calculate your total taxable income by applying the tax rate on your salary. The taxpayer needs to apply deductions such as LTA exemptions, HRA, investments, interest on home loan etc. on the total taxable income to find out the net taxable income

…

Subscribe Now