Category - Finance

Cabinet approves proposal for Amendment to the MSME Development Act, 2006

Cabinet approves proposal for Amendment to the Micro, Small and  Medium Enterprises Development Act, 2006 to change the criteria of classification and to withdraw the MSMED (Amendment) Bill, 2015 – pending in Lok Sabha  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved change in the basis of classifying Micro, Small… Read More

Govt. extends date for linking of Aadhar, PAN or Form 60 till 31st March 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 13th December, 2017 G.S.R. 1509(E).—In pursuance of clause (a) and clause (c) of sub-rule (17) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government hereby notifies the 31st March, 2018 or six months from the date of commencement… Read More

Govt. notifies PML (Maintenance of Records) Seventh Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th December, 2017 G.S.R. 1506(E).—In exercise of the powers conferred by sub-section (1) read with clause (i), clause (j), clause (jj) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government in consultation… Read More

Constitution of Fifteenth Finance Commission Notified

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27thNovember, 2017. The Commission will make recommendations for the five years commencing on April 1, 2020. This Commission will be… Read More

Prevention of Money-laundering (Maintenance of Records) Sixth Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd October, 2017 G.S.R. 1318(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (j), (jj), (jjj) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following… Read More

Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th October, 2017 G.S.R 1300(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (j), (jj), (jjj) and (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following… Read More

Govt. notifies National Savings (Monthly Income Account) Rules, 2017

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R. 1239 (E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the National Savings (Monthly Income Account) Rules, 1987, namely:— 1. (1) These rules may be… Read More

Govt. notifies National Savings Certificate (VIII-Issue) (Amendment) Rules, 2017

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R. 1238 (E).—In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 ( 46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificate(VIII-Issue) Rules, 1989, namely:— 1. (1) These rules may be called the… Read More

Public Provident Fund (Amendment) Scheme, 2017 notified

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R.1237 (E).—In exercise of the powers conferred by section 3 of the Public Provident Fund Act, 1968 ( 23 of 1968) , the Central Government hereby makes the following Scheme further to amend the Public Provident Fund Scheme, 1968, namely: - 1. (1) These Scheme may be called… Read More

National Savings Time Deposit (Amendment) Rules, 2017 notified

NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R.1236 (E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the National Savings Time Deposit Rules, 1981, namely: 1. (1) These rules may be called the… Read More

Govt. notifies Senior Citizens Savings Scheme (Amendment) Rules, 2017

MINISTRY OF FINANCE Department of Economic Affairs NOTIFICATION New Delhi, the 3rd October, 2017 G.S.R.1235(E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 ( 5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:— 1.(1) These… Read More

Govt. withdraws notification covering Gems & Jewellery dealers under PMLA

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 6th October, 2017 G.S.R. 1223(E).—In exercise of powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby rescinds the notification No. 4/2017, dated the 23rd August, 2017,… Read More

Govt. notifies General Insurance (Rationalisation and Revision of Pay Scales ) Amendment Scheme

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 13th September, 2017 S.O. 3019(E).—In exercise of the powers conferred by section 17A of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), the Central Government hereby frames the following Scheme further to amend the General Insurance (Rationalisation and Revision of Pay Scales… Read More

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