The National Highways Authority of India (Amendment) Bill, 2013 Receives the Assent of the President
The National Highways Authority of India (Amendment) Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 19 Of 2013 The National Highways Authority of India (Amendment) Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette of India,… Read More
MCA & ICAI organises Accountancy & Commerce Education Summit
The Institute of Chartered Accountants of India (ICAI), functioning under the aegis of the Ministry of Corporate Affairs, organized ˜Accountancy & Commerce Education Summit™ here yesterday. The Summit provided a forum for exchange of thoughts and interaction on various areas of academic and practical interest such as the need for relevant course curriculum, method of… Read More
Delhi High Court judgment issues seven Mandamus for action by the Income Tax Department
INSTRUCTION NO. 12/2013 DATED 9-9-2013 Hon'ble Delhi High Court vide its judgment in case Court On Its Own Motion v. UOI in W.P.(C) 2659/2012, dated 14.3.2013 has issued seven Mandamus for action by the Income Tax Department. One Mandamus is on compliance of section 245 of the Income-tax Act, 1961. 2. The Hon'ble High Court in this context had issued… Read More
Income-tax ( 15th Amendment) Rules, 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) Notification No. 68/2013 New Delhi, the day of 4th September, 2013 INCOME-TAX S.O. 2668(E) - In exercise of the powers conferred by sub-section (3) of section 115TAread with section 295 of… Read More
Achievements of EPFO During August 2013
During the current fiscal, till the month the Organisation settled more than 50 lakh claims out of which 97% was settled within 30 days as mandated by the scheme. In the month of August alone, 10.98 lakh claims were settled and the percentage of claims settled within the above said mandated time-limit was 98.90%. Importantly,… Read More
CCI to investigate matter involving DDA’s alleged violation of Competition Act
Competition Commission of India (CCI) has ordered investigation by its Director General in the matter involving Delhi Development Authority (DDA) in respect of allegations regarding violation of provisions of Competition Act by DDA. The order has been issued under Section 26(1) of the Competition Act, 2002 in response to the information filed by Dr. Adla… Read More
TRAI Recommendations on Guidelines for Television Rating Agencies
The Telecom Regulatory Authority of India (TRAI) here today released its recommendations on Guidelines for Television Rating Agencies. The Ministry of Information and Broadcasting (MIB) had requested TRAI to provide its recommendations on issues related to guidelines/accreditation mechanism for accreditation of TRP rating agencies in India, under Section 11(1) (a) of TRAI Act, 1997. It was further… Read More
FAQs on Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012
1.Q: Why the need for a Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012 , which has been passed by the Lok Sabha in the recently concluded session. ? Ans: Street vendors constitute an integral part of our urban economy. Street vending is not only a source of self-employment to the poor in cities and towns… Read More
Government to Extend DBT for LPG (DBTL) Scheme in 235 More Districts by 1.1.2014
Government to Extend DBT for LPG (DBTL) Schme in 235 More Districts by 1.1.2014 Covering Overall 289 Districts; RS.272 Crore Cash Subsidy Transferred through 6.23 Million Transactions into the Bank Accounts of the LPG Consumers so Far Government of India has decided to extend the Direct Benefit Transfer for LPG (DBTL) Scheme in 235 more… Read More
Damodaran Committee Submits Report to the Ministry of Corporate Affairs
The Committee constituted by the Ministry of Corporate Affairs for Reforming the Regulatory Environment for doing Business in India, headed by Shri M. Damodaran, presented its Report to the Ministry. The Committee has made a number of recommendations that can be classified as: legal reforms, regulatory architecture, boosting efficacy of regulatory process, enabling MSME™s, and… Read More
India™s Foreign Trade report for August, 2013
EXPORTS (including re-exports) Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14… Read More
RBI Circular w.r.t. Housing Sector: Innovative Housing Loan Products
RBI/2013-14/247 RPCD.RRB. BC. No. 29 /03.05.33/2013-14 September 11, 2013 All RRBs Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the… Read More
RBI Publishes FAQs on Basic Savings Bank Deposit Account
RBI /2013-14/246 DBOD.No. Leg.52 / 09.07.005/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account (BSBDA) - FAQs Please refer to Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 on the above subject wherein banks have been advised to offer ˜Basic Savings Bank… Read More
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