Tuesday, 13 June 2017 10:12

Eat vegetables, nuts to shed weight

food

New York, June 13 (IANS) Want to shed those extra kilos? Go vegetarian. According to new research, eating vegetables, grains, legumes, fruits, and nuts may be almost twice as effective in reducing body weight as conventional low-calorie diets.  

The vegetarian diet led to reduction in muscle fat which helped improve glucose and lipid metabolism as well as an average loss of 6.2 kg compared to 3.2 kg for the conventional diet, researchers said.

"The finding is important for people  who are trying to lose weight, including those suffering from metabolic syndrome and/or Type 2 diabetes. It is also relevant to anyone who takes their weight management seriously and wants to stay lean and healthy," said lead author Hana Kahleova from the Physicians Committee for Responsible Medicine in Washington DC.

For the small yet significant study, published in the Journal of the American College of Nutrition, the team randomly assigned 74 people to follow either a vegetarian or a conventional diet.  

Both diets were restricted by 500 kilocalories per day compared to an isocaloric intake for each individual. Both vegetarian and conventional diets caused a similar reduction in subcutaneous fat - fat under the skin.

Subfascial fat on the surface of muscles was only reduced in response to the vegetarian diet. Intramuscular fat - fat inside muscles was more greatly reduced by the vegetarian diet.   

"This is important as increased subfascial fat in patients with Type 2 diabetes has been associated with insulin resistance while reducing intramuscular fat could help improve muscular strength and mobility, particularly in older people with diabetes," the researchers noted.  

"Vegetarian diets proved to be the most effective for weight loss. However, we also showed that a vegetarian diet is much more effective at reducing muscle fat, thus improving metabolism," Kahleova said. 

Published in Health

goods-trucksWith just a few days left for GST rollout, the Centre is in favor of postponing by a few months the implementation of the e-way bill, which requires movement of goods above Rs. 50,000 to be to pre-registered online.

However, with states unwilling to defer the provision, the GST Council agreed to rope in National Informatics Centre (NIC) to work along with GST-Network to assess if an all India e-way bill system can be created in a short time-frame, an official told PTI.

The GST Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, had in April come out with the draft e-way bill rules that made it necessary for any movement of goods, within or outside the state, having a value of more than Rs. 50,000 to be registered with the GST-Network (GSTN) website.

According to the draft, GSTN would generate e-way bills that would be valid for 1-15 days, depending on the distance to be traveled - one day for 100 km and 15 days for more than 1,000 km transit. The tax officials can inspect the 'e-way bill' anytime during the transit to check tax evasion.

The industry has, however, expressed concerns over this, saying that the Rs. 50,000 limit was too low and that the timeline for completion of transport operations was "impractical and removed from reality".

They also felt that the e-way bill would be applicable to the movement of all kinds of goods without making any distinction between goods that were evasion prone or not.

The official said that at the June 3 meeting of the GST Council, the Centre contended that GSTN will be busy in the first three months of GST rollout as it has to ensure that technology backbone for the new indirect tax regime is working fine and hence would take about 6 months to build the platform for 'e-way bill'.

The Centre also said that feedback from the industry was yet to be examined by the law committee and hence finalization of rules would take sometime.

Stating that the GSTN can start developing the software only after finalization of rules and forms, the Centre suggested that the "implementation of the 'e-way bill' system could be postponed by a few months," the official said.

However, states such as West Bengal, Kerala, Bihar, Odisha and Andhra Pradesh stated that they already had a robust e-way bill system, which should be continued as reverting to handbills would lead to "considerable loss of revenue".

New source: businesstoday

Published in Economics

moneyThe wait for an update on allowances is likely to be over soon as the Union Cabinet is expected to decide on the elusive matter the next time it meets on Wednesday. Finance Minister Arun Jaitley will table the proposals for the changes in allowance structure as per the 7th Pay Commission. The issue was not included in the agenda for the Cabinet meeting last week.

The Empowered Committee of Secretaries (E-CoS) has already submitted its report on allowance reforms to Jaitley. This committee of secretaries was formed to screen the recommendations by the Committee on Allowances led by Finance Secretary Ashok Lavasa.

E-CoS has taken a hard look at modifications in important allowances like House Rent Allowance (HRA), and payment of arrears against revised allowances. The Cabinet may consider higher HRA rates on basic pay demanded by the central government employees.

Central government employees want the rates to be retained at 30 per cent, 20 per cent and 10 per cent for Class X, Y and Z cities, even if they are not hiked. The Committee has capped HRA between 2 per cent and 27 per cent. Several reports suggest that the new allowances will be implemented from July.

Around 49 lakh central government employees have been expecting a hike in their paychecks for almost a year now. The government may compensate for this delay with higher HRA rates. Analysts, however, believe that an increase in allowances will fuel inflation owing to private expenditure.

Moreover, according to a Financial Express report, because of the delays in revised allowances distribution, the government has been able to save Rs 2,200 crore per month or Rs 40,000 crore cumulatively since January 1 last year.

The pay commission had recommended the abolition of or subsuming of allowances like acting, assisting cashier, cycle, condiment, flying squad, haircutting, rajbhasha, rajdhani, robe, shoe, shorthand, soap, spectacle, uniform, vigilance, and washing.

The Lavasa Committee was constituted in June last year after the government implemented the recommendations of the Pay Commission.

The Seventh Pay Commission had recommended abolishing 53 of the 196 allowances and subsuming 36 other allowances. It also recommended slashing the House Rent Allowance (HRA) -- for metros, the commission recommended bringing down the HRA from 30 per cent to 24 per cent.

The Seventh Pay Commission had recommended the rate of House Rent Allowance (HRA) be kept at 24 percent, 16 percent and 8 percent of the Basic Pay for Class X, Y and Z cities respectively.

Government employees protested the recommendations of the Seventh Pay Commission, following which the Narendra Modi-government formed a committee under the Finance Secretary to review the suggestions.

The Committee on Allowances was constituted in July and after an extended deadline was asked to submit its report to the government by February 22, 2017.

If the government implements pay commission recommendations on allowances, then as per estimates, the cost to the exchequer will be Rs 29,300 crores.

New source: businesstoday

Published in Economics

gold2 In what could be a huge relief for jewellery and diamond processing industry before India's biggest tax reform kicks in from July 1, the Goods and Service Tax (GST) Council reduced the applicable rate on making charges from 18 per cent to just 5 per cent.

"The GST Council has received 133 representations. An officers' committee made recommendations after studying these representations. The GST Council has reduced the tax levels in 66 out these 133 cases. The diamond processing and others would attract a levy of five per cent now," Union Finance Minister Arun Jaitley said while addressing a press conference after 16th GST meeting.

Earlier, All India Gem and Jewellery Federation, the India Bullion and Jewellers Association (IBJA), and other trade representatives had pressed for lower taxes on jewellery making charges.

Currently, a tax is exempted on jewellery making charges. Early this month, the GST Council meeting had fixed GST on precious metals and diamonds, including jewellery, at 3 per cent. However, tax on making charges of jewellery was kept at 18 per cent.

Tax on making charges would have in turn raised tax for consumers to over 4 per cent, almost double of what was being currently charged in the form of 1 per cent each on VAT and excise on jewellery.

Among the items on which the GST rates have been reduced by the GST Council include cashew nut, sauces, pickles, insulin, children's coloring and drawing books, cutlery.

GST rates were also revised for computer printers, tractor components. Cinema tickets under Rs 100 would be taxed at 18 percent, while above Rs 100 would be charged at Rs 28 percent.

New source: businesstoday news

Published in Economics

telangana1Telangana's GSDP  grew at 10.1 per cent (at constant prices) during the last financial year to Rs 5.11 lakh crore as against 9.5 per cent in FY16, state Industries and Commerce Minister K. T. Rama Rao said today.

"Telangana has achieved a 10.1 per cent y-o-y growth in Gross State Domestic Product (GSDP), compared to a national average of 7.1 per cent y-o-y growth in 2016-17 and the share of Telangana 's economy in national

GDP  has increased seven basis points in 2016-17," KTR said after releasing the annual report of the industries and commerce department.  

"TS-iPass (Telangana state industrial policy), launched in June 2015, under the guidance of our chief minister, has generated Rs 73,000 crore in investments, and created 2.46 lakh jobs in the process," he said.  

The share of Telangana's contribution to the national GDP was at 4.28 per cent against 4.21 per cent during 2015-16.  

The minister also launched the logo and website for Telangana Industrial Health Clinic Ltd (TIHCL), an industries' initiative for revival and growth of sick manufacturing MSMEs.

The initiative will be supported by the state government, high net-worth individuals, financial institutions and industry stakeholders.    

According to KTR, the proposed pharma city's phase - 1 is being developed across 8,200 acres even as 6,300 acres land is already under the possession of Telangana State Industrial Infrastructure Corporation Ltd (TSIIC) and acquisition of the remaining land is expected to be completed shortly.  

The state government is planning to create Life Sciences Infrastructure Fund with an initial corpus of Rs 1,000 crore which will be used to set up sophisticated modular plug-and-play specialized infrastructure for pharmaceuticals, biotechnology, and medical devices industry. 

New source: economic times

Published in Economics

arun-jaitleyReserve Bank of India (RBI) is at an advanced stage of preparing a list of bad loans where resolution is required under the country's insolvency and bankruptcy rules, Finance Minister Arun Jaitley said on Monday.

Last month, India tweaked its laws to help tackle a record $150 billion in troubled bank debt. The government has authorised the RBI to direct banks to initiate an insolvency resolution process in the case of a default under provisions of the bankruptcy code. "The RBI is at a fairly advanced stage of preparing a list of those debtors where a resolution is required through the IBC (Insolvency and Bankruptcy Code) process and you'll shortly be hearing about it," Jaitley told reporters after meeting bank chief executives.

New source: TOI news

Published in Business

rajdhani trainThe Indian Railways is planning to induct about 40,000 coaches with improved interiors and upgraded facilities at an estimated cost of Rs 8,000 crore to provide world - class comfort to passengers.

Besides, the state - run transporter will strengthen safety features in all existing conventional coaches equipping them with strong couplers to prevent capsizing during accidents.

According to the plan, coaches will be retrofitted with refurbished interiors, improved seating arrangement and newly designed bio - toilets among other facilities.

The retrofitting would cost about Rs 30 lakh per coach.

The target is to complete the process of refurbishing of coaches with improved interiors and modern facilities in the next five years.

The aim is to make available 40,000 new look coaches in the railway fleet by 2023, said a senior Railway Ministry official involved with the project.

The work plan envisages retrofitting of 1000 coaches in the current fiscal, the number will increase to 3000 in the next fiscal and 5,500 coaches in subsequent years.

Railways also expect to manufacture 15,000 new coaches with modern features during 2018-19 and 2022-23 periods.

Railways are also focusing on the safety front by equipping all conventional coaches with center buffler couplers (CBC), a strong coupler system.

The CBC system prevents coaches from capsizing.

While LHB coaches manufactured at Kapurthala and Raebareli factories are equipped with center buffler couplers, the conventional coaches manufactured by the Integral Coach Factory in Chennai do not have CBC.

Now it has been decided to equip all conventional coaches with CBC which enhances safety by providing anti-climbing features. It would cost about Rs 28 lakh to equip CBC in a coach.

New source: business today news

Published in Economics
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