Category - Finance

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

Avail tax deductions under Section 80C to Section 80G

The Income Tax department of India offers tax deductions which help everyone to save tax legally by appropriately making use of the service. It is pretty essential that you invest in more than one avenue as you want to avail better returns with less tax burden. There are various ways in which tax deductions can… Read More

Tags: current fd interest ratesFD interestFixed Depositshighest fd interest ratesTax saving FD

Govt. notifies PML (Maintenance of Records) fourth amendment Rules

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd August, 2017 G.S.R. 1057 E).—In exercise of the powers conferred by sub-section (1) read with clauses (h), (i), (j) 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. amends Regional Rural Banks (Appointment of Officers and Employees) Rules

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 23rd August, 2017 S.O. 2743(E).— In exercise of the powers conferred by section 29 read with section 17 of the Regional Rural Banks Act, 1976 (21 of 1976), the Central Government, after consultation with the National Bank and the Sponsor Banks, hereby makes the… Read More

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

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st August, 2017 G.S.R. 1038(E).—In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i), clause (j) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes… Read More

Govt. abolishes sumptuary allowance for all Training and Academic Establishments

No. 17014/2/2014-Trg.(7th CPC) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training Block-IV, Old JNU Campus, New Delhi. Date: July 25 , 2017   OFFICE MEMORANDUM Subject: Implementation of the recommendations of 7 th Central Pay Commission - abolishment of Sumptuary Allowance. Consequent upon the acceptance of the recommendations… Read More

Govt. launches schemes to make education loans as easy loans

Schemes to make education loan as easy loans  All Scheduled Commercial Banks provide Education Loan to students. Simple interest is charged during the study period and up to commencement of repayment. Accrued interest is added to the principal amount borrowed while fixing EMI (Equated Monthly Instalment) for repayment. The Schemes launched by the Government to… Read More

Govt. issues corrigendum to notification G.S.R. 829(E), dt. 5th July, 2017

MINISTRY OF FINANCE (Department of Economic Affairs) CORRIGENDUM New Delhi, the 4th August, 2017 G.S.R. 990(E).—In the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 829(E), dated the 5th July, 2017,— in… Read More

Govt. amends PFRDA (Salary and Allowances ) Rules

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 2nd August, 2017 G.S.R. 987(E).— In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby… Read More

Number of Income Tax payers increased after demonetisation:MoF

Increase in number of Income Tax payers after demonetisation  The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore returns were filed as compared to 1.63 crore returns filed during corresponding period of FY 2015-16 and 1.23 crore returns filed during corresponding period of FY 2014-15.… Read More

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