National Urban Health Mission

To address healthcare needs of urban population, particularly urban poor, the Ministry of Health & Family Welfare has formulated National Urban Health Mission (NUHM) as a Sub-Mission under an over-arching National Health Mission (NHM) to be launched during the 12th Five Year Plan.  It may be recalled that NUHM was a listed scheme under 11th… Read More

Tags: Cabinet SecretariatFive-year plans of the People's Republic of ChinaMinistry of Health & Family WelfareNational Urban Health MissionNUHMPlanning CommissionRupeeUrban area

India™s Foreign Trade – Report for March, 2013

EXPORTS (including re-exports) Exports during March, 2013 were valued at US $ 30849.65 million (Rs. 167836.31 crore) which was 6.97 per cent higher in Dollar terms (15.65 per cent higher in Rupee terms) than the level of US $ 28839.36 million  (Rs. 145123.41 crore) during March, 2012. Cumulative value of exports for the period April-March… Read More

Tags: April-March 2012-13Balance of tradeExportFiscal yearIndiaPercentagePetroleumRupee

FCI Raises Rs. 5000 Crore through Bonds

The Food Corporation of India (FCI) has raised Rs.5000 crore by issue of taxable bonds backed by Government of India Guarantee to meet its additional working capital requirement. Bond issue was opened on 21.03.2013 and closed on 22.03.2013. The Bonds are of two tenures i.e., 10 years (Rs.300 crore) and 15 years (Rs.4700 crore). The… Read More

Tags: BondsCapital requirementCash Credit LimitCoupon (bond)FCIFood Corporation of IndiaGovernment of IndiaRupee

“Bonafide Mistake” in filing returns does not call for penalty u/s 271(1)(c)

CLR Editorial Note: In this case, the assessee had filed a return of income in which two mistakes were committed (i) The assesssee claimed depreciation of Rs.1.70 crores instead of Rs. 1.05 crores due to a calculation mistake, (ii) the assessee had sold its garment manufacturing machine and had suffered a loss of Rs.21.68 lakhs… Read More

Tags: chartered accountantCITDelhi High CourtDepreciationHigh CourtIncome taxRevenueRupeeThe Honourable

Sugar Decontrol Approved by the Cabinet Committee

Sugar Decontrol Approved by CCEA The CCEA in its meeting on April 4, 2013 has approved the following proposals: The Regulated Release Mechanism of sugar by will be dispensed with immediately. The decision will provide timely payment of cane price to farmers. However, PDS consumers will continue to get sugar at the existing rates. Obligation… Read More

Tags: BusinessCabinet Committee on Economic AffairsCCEAPDSPricePublic Distribution SystemRupeeSubsidySugarSugar Decontrol

Cabinet Committee on Economic Affairs approves continuation of special Infrastructure schemes

Cabinet Committee on Economic Affairs Approval for continuation of scheme for special Infrastructure in Left Wing Extremism affected states CCEA Decision The Cabinet Committee on Economic Affairs today approved the proposal of the Ministry of Home Affairs for continuation of the Scheme for Special Infrastructure (SIS) in Left Wing Extremism (LWE) affected states during the 12th… Read More

Tags: Cabinet Committee on Economic AffairsCentral GovernmentGovernment of IndiaInfrastructureLearning with errorsLeft Wing ExtremismLWEMinistry of Home AffairsRupee

New Cheque formats under New Cheque Truncation System introduced by RBI

Replace your old Cheque books The latest directive RBI's says that one  may not be able to use the old cheques with the implementation of the new Cheque Truncation System (CTS-2010) from next year onwards.  The CTS 2010, eliminates physical movement of cheques for the purpose of clearing. Instead, only the electronic images of the cheques,… Read More

Tags: chequeEMIHDFC banknew formatproofRupeeStandards Board of India

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