GOM Recommendations on Restructuring Centrally Sponsored Schemes in the 12th Plan

The Union Cabinet today decided to restructure the existing Centrally Sponsored Scheme (CSS)/ Additional Central Assistance (ACA) schemes in the Twelfth Five Year Plan into 66 schemes, including Flagship programmes. This includes 17 Flagship programmes with significant outlays for major interventions required in health, education, irrigation, urban development, infrastructure, including rural infrastructure, skill development, etc. To… Read More

Tags: ACACabinet of IndiaCSSHimachal PradeshNational Development CouncilSchemeUttarakhand

Extension of Special Package of Industrial Incentive for the State of Jammu & Kashmir

The Department of Industrial Policy & Promotion (DIPP), Government of India, has extended the Special Package for Industrial Development of Jammu & Kashmir (J&K) for a further period of 5 years, upto 14th June, 2017. The earlier package of Industrial Incentive for the State of J&K was announced on 14.06.2002 for a period of 10 years… Read More

Tags: Department of Industrial Policy & PromotionGovernment of IndiaIndiaJammuJammu KashmirKashmirMineral WaterScheme

Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More

Tags: Central GovernmentICICI PrudentialMutual fundNational Pension SystemNPSPension fundPrivate sectorScheme

Pension to Aged Artists

Under the Scheme of Financial Assistance to Persons Distinguished in Letters, Arts and such other walks of life who may be in Indigent Circumstances and their Dependents, applications are received by the Ministry of Culture throughout the year. The above Scheme is being implemented since 1961 and there is a continuous flow of the applications… Read More

Tags: Expert CommitteeImplementationsLanguagesLispPensionProgrammingRetirementScheme

Implementation of Direct Benefit Transfer Scheme

RBI/2012-13/498 RPCD.CO. LBS.BC.No. 75/02.01.001/2012-1 May 10, 2013 To CMDs of all SLBC Convenor banks and Lead banks Dear Sir, Direct Benefit Transfer (DBT) Scheme - Implementation Please refer to the paragraph 67 of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. DBT is being rolled out in a phased manner with 43 districts taken… Read More

Tags: 1 July 2013AadhaarDBTDirect Benefit TransferImplementationSchemeUnique Identification Authority of India

Approval for funding Phase IV of the UIDAI

The Cabinet Committee on Unique Identification Authority of India (CC-UIDAI) today approved cost estimates of Phase IV of the UID Scheme at an estimated cost of Rs.3436.16 crore which includes various project components such as cost of enrolment for additional 40 crore residents through multiple registrars, cost of updation services, cost of printing and delivery… Read More

Tags: AadhaarFinance MinisterIndiaPlanning CommissionSchemeUIDUIDAIUnique Identification Authority of India

Chapter 5 of the Handbook of Procedures (Volume I) of EPCG Scheme as effective from 18 April 2013

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No.01(RE-2013)/ 2009-2014 NEW DELHI, DATED THE 18th April, 2013 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby notifies Chapter 5 of the Handbook of… Read More

Tags: Anand SharmaEPCGExportExport Promotion Capital GoodsGovernment of IndiaNew DelhiSchemeSpecial Economic Zone

DGFT Amends Chapter 3 of Foreign Trade Policy 2009-14

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 3 (RE-2013)/2009-2014 New Delhi, dated : 18/4/2013 S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,… Read More

Tags: ExportFile Transfer ProtocolGovernment of IndiaInternational tradeNew DelhiSchemeScripTaxation in India

Features of New DVAT Forms 16 & 17 w.e.f. 1st April 2013

Return forms in Form DVAT 16 (for normal dealers) and Form DVAT 17 (for composition dealers) have been substituted with effect from 30.03.2013 vide notification no. F.3(15)/Fin.(RevI)/201213/dsvi/264 dated 30.03.2013. Both these returns, along with its annexures, shall be filed online on the website of the DVAT Department. Presently, the dealer is also required to file… Read More

Tags: DelhiInvoiceNew DelhiSchemeStock transfer agentTaxTax creditValue Added Tax

Revision of Interest Rates for Small Savings Schemes With Effect from 1st April 2013

 Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for… Read More

Tags: Fiscal yearGovernmentInterestInterest rateNSSFPercentageScheme

Sanction of Scheme u/s 394 of Companies Act constitutes an “instrument” and “conveyance” within the meaning of the Stamp Act

CLR Editorial Notes: In the present case the aforementioned companies filed petitions before the High Court of Calcutta seeking exclusion of payment of stamp duty on transfer of properties pursuant to a sanction of Scheme under the Companies Act. The High Court of Calcutta has held that an order sanctioning a scheme of amalgamation or… Read More

Tags: Companies ActMaharashtraRuby SalesSANJIB BANERJEESchemeStamp dutySupreme CourtWest Bengal

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