PM Modi to chair Niti Aayog’s Governing Council meeting on Feb 20

Prime Minister will chair Niti Aayog’s Governing Council meeting on February 20 where issues related to health, economy and labour reforms will be discussed, official sources said on Thursday.

The council, the apex body of Niti Aayog, includes all chief ministers, lieutenant governors of Union Territories, several union ministers and senior government officials.

Prime Minister Modi is the Chairman of

The council will deliberate on issues related to health, including COVID-19 vaccination programme, labour reforms and state of the economy, the sources said.

The Governing Council will also review action taken on the agenda items of the previous meetings and deliberate upon the future developmental priorities.

The Governing Council meets regularly, and its first meeting took place on February 8, 2015.

Due to COVID-19 pandemic, the Governing Council did not meet last year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Bharti Airtel back in the black, posts Rs 854-crore profit in Q3

on Wednesday posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. However, its Indian operations, despite a substantial improvement in financial performance, are still in the red, posting a loss of Rs 7.34 crore in the reporting quarter, though lower than the staggering Rs 628 crore in the previous one.

While its average revenue per user (ARPU) went up by 2.4 per cent from Rs 162 in Q2 to Rs 166 this quarter, it was lower than that of Reliance Jio, which saw 4 per cent growth in the same period. The two have been neck and neck on Ebitda (earnings before interest, tax, depreciation, and amortisation) margins. Bharti’s Ebitda as a percentage of revenue stood at 45.2 per cent and that of Jio was at 44.2 per cent.

Airtel’s revenues in India grew by 5.4 per cent from Rs 18,022 crore in Q2 to Rs 19,007 crore in Q3. Its rival Jio saw a 6 per cent increase in the same period.

The company announced it would be raising up to Rs

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consultation to bring change to IR 35

Off-payroll working has recently attracted headlines in a number of high profile tribunal decisions.

The most notably of these is Christa Ackroyd, the BBC – “Look North” presenter who was recently found to be operating inside IR 35 and ordered to pay over £400,000 in tax and National Insurance Contributions (NICs).

Further headlines followed when other BBC talent similarly found themselves on the payroll. With this background, it might reasonably be supposed that the Government’s consultation issued on 18th May, “Off-payroll working in the private sector”, is a further development of these apparently connected stories – it is of course, although curiously, the Ackroyd case and the BBC’s decision are unconnected.

Off-payroll working simply describes those workers who are not on the PAYE payroll. This is typically because they are engaged through their own personal service company (PSC). The nature of the relationship between the worker provided by the PSC and the engaging client may be identical to that of an employee engaged under a contract of employment, yet the resulting tax may be markedly different. This has long been recognised as unfair and IR 35 (more formally ‘the intermediaries’ legislation’) has been in place since 2000 to address

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