India can generate 1.4 crore jobs by investing in the circular economy

Last Updated at: November 04, 2019
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India Can Generate 1.4 Crore Jobs By Investing In The Circular Economy

Niti Aayog CEO Amitabh Kant speaking at Circular Economy Symposium 2019 organised by FICCI said that there is a need for legislation to promote the circular economy in the country. The sustainable development and resource circularity is the need of the hour to establish a circular economy.

Several nations have acknowledged the circular economy as a model for sustainable development. This is one of the unrealized fields in our economy.

“Circular economy has the ability to generate 1.4 crore jobs in the next 5-7 years across the country and create lakhs of new entrepreneurs. Resource circularity is the need of the hour to implement the circular economy.”, he said at the symposium organized by the industry body FICCI.

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Circular Economy

Circular Economy or circularity is an economic system focused on minimizing waste and making most of the resources, this can be achieved by design, reuse, repair, recycle and refurbishing. It is an alternative to the traditional linear economy (make, use, dispose of).

Amitabh Kant also said that by 2050 the world population would reach 9.7 billion and out of that 3 billion would be middle-class consumers. To meet the demand, we would require 71% more resources per capita, thereby by increasing mineral and material demand from 50 billion tonnes in 2014 to 130 billion in 2050.

Niti Aayog also gave strong emphasis on the need to promote NGO to spread awareness and develop the circular economy at the national level.

WHICH AUTHORITY WILL LEVY AND ADMINISTER GST?

The authority to administer GST and levy CGST and IGST lies within the central Government whereas SCST and UTGST are managed by the state and Union Territories respectively.Understand the procedure for GST registration and GST returns here.

Who can digitally sign the MSME Form I?

Any person who is the manager, CEO, CFO or director of the company and whose signature is registered can digitally sign the MSME Form I.More on Income Tax Return Filing.

What are PAN and TAN?

PAN which stands for Permanent Account Number is an identification card which contains a unique number. It is issued by the income tax department. TAN is the Tax deduction number is offered to people who are liable to deduct TDS. Learn more about ISO Certification.

What is the difference between ISO 9001 certification and ISO 9001 accreditation?

There is no variation between ISO 9001 accreditation and ISO 9001 certification. Both refers to as an self-regulating organization which confirms ISO QMS. More info on NGO Registration in india.

Where to go for applying for 80G certificate?

You need to apply for the 80G Certificate at the Income Tax Office under whose jurisdiction, your registered NGO address comes.More about Udyog Aadhar Registration.

India can generate 1.4 crore jobs by investing in the circular economy

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Niti Aayog CEO Amitabh Kant speaking at Circular Economy Symposium 2019 organised by FICCI said that there is a need for legislation to promote the circular economy in the country. The sustainable development and resource circularity is the need of the hour to establish a circular economy.

Several nations have acknowledged the circular economy as a model for sustainable development. This is one of the unrealized fields in our economy.

“Circular economy has the ability to generate 1.4 crore jobs in the next 5-7 years across the country and create lakhs of new entrepreneurs. Resource circularity is the need of the hour to implement the circular economy.”, he said at the symposium organized by the industry body FICCI.

Get Your Company Registered

Circular Economy

Circular Economy or circularity is an economic system focused on minimizing waste and making most of the resources, this can be achieved by design, reuse, repair, recycle and refurbishing. It is an alternative to the traditional linear economy (make, use, dispose of).

Amitabh Kant also said that by 2050 the world population would reach 9.7 billion and out of that 3 billion would be middle-class consumers. To meet the demand, we would require 71% more resources per capita, thereby by increasing mineral and material demand from 50 billion tonnes in 2014 to 130 billion in 2050.

Niti Aayog also gave strong emphasis on the need to promote NGO to spread awareness and develop the circular economy at the national level.

WHICH AUTHORITY WILL LEVY AND ADMINISTER GST?

The authority to administer GST and levy CGST and IGST lies within the central Government whereas SCST and UTGST are managed by the state and Union Territories respectively.Understand the procedure for GST registration and GST returns here.

Who can digitally sign the MSME Form I?

Any person who is the manager, CEO, CFO or director of the company and whose signature is registered can digitally sign the MSME Form I.More on Income Tax Return Filing.

What are PAN and TAN?

PAN which stands for Permanent Account Number is an identification card which contains a unique number. It is issued by the income tax department. TAN is the Tax deduction number is offered to people who are liable to deduct TDS. Learn more about ISO Certification.

What is the difference between ISO 9001 certification and ISO 9001 accreditation?

There is no variation between ISO 9001 accreditation and ISO 9001 certification. Both refers to as an self-regulating organization which confirms ISO QMS. More info on NGO Registration in india.

Where to go for applying for 80G certificate?

You need to apply for the 80G Certificate at the Income Tax Office under whose jurisdiction, your registered NGO address comes.More about Udyog Aadhar Registration.

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