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Ecostar Editor Mag – Page 30 – Ecostar Business

Ecostar Editor Mag

Healthcare

Medical ethics : On the Back Seat

deally the doctors can provide the healing touch to the ailing humanity and they only can make the difference between life and death. While addressing the 46th Annual Convocation of All India Institute of Medical Sciences (AIIMS) Mr. Venkaiah Naidu, Vice President of India said the young doctors must bear in mind the need to uphold ethics and treat every patient with compassion and empathy, irrespective of his or her financial background. That is true, Mr. Naidu has given right advice, but how it would work on the ground is a difficult question. In these days, when medical ethics is merged with business strategy, the message has a value.

MSME Special

Union Bank of India: Centurion with a modern face

Over the years, as far as MSME banking is concerned, much has changed in terms of delivery and product packaging. Keeping pace with the change of time, Union Bank has come a long way, thanks to the adoption of the technology platform and necessary internal restructuring that has made delivery easier and faster with better efficiency. As time has changed, the bank found it necessary to transform itself migrating to cutting edge platform with highly efficient systems and processes in place. Behind this were two aims; faster delivery by cutting turnaround time and better underwriting quality.

Real-Estate

Myth about “No GST” on home buying

Buyers of constructed property are convinced that there is no GST on sale of building and ready to move in flats where sales take place after issue of completion certificate by the competent authority. The government clarifies that this is untrue. GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale. Housing projects in the affordable segment such as Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY), Pradhan Mantri Awas Yojana (PMAY) or any other housing scheme of State government etc attract GST of eight per cent. For such projects, after offsetting input tax credit, the builder or developer in most cases will not be required to pay GST in cash as the builder would have enough ITC in his books of account to pay the output GST.

Cover Feature

Jalaram Group Directors

It is a similar way, the Jalaram group has entered into another diversified business -manufacturing of water purifying chemicals, under a separate entity, Jal Aqua International Pvt. Ltd. That is a big step taken by the team towards becoming a corporate business group. “Once we decide to do, we will do it in such a way that sets a standard for others and be the best in the segment,” he claims. The chemical plant is fast coming up in Ankleshwar, in 21,000 square meters of land with flexibility for future expansion, is of world-class with track- record of being the fastest built unit of that size in the world.

Focus

The damaging interpretation

Citizenship of the sons of the soil, be of any faith, will not be or cannot be questioned. Citizenship Amendment Act (CAA) and National Population Register (NPR) are no threats to any Indian of any faith. The maligning propaganda, even by popular western media, harms the interest of India and stains her image, which in turn may hurt long term economic interest of India.