Amendment of Service Tax Rules – substitution of entries

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No.09/2013 - Service Tax New Delhi, the 8th May, 2013 G.S.R....(E). In exercise of the powers conferred by sub-section (1) of section 93 of theFinance Act, 1994 (32 of 1994), the Central Government,… Read More

Government to Launch Rs. 600 Crore Scheme of Mainstreaming Civil Defence in Disaster Risk Reduction

Union Home Minister Shri Sushilkumar Shinde inaugurated the Golden Jubilee celebrations of Civil Defence and Home Guards in New Delhi today. On this Occasion, Shri Shinde appreciated the achievements of the volunteers of these organizations during any kind of disaster whether natural or man made. He said these organizations exhibit spirit of volunteerism of common… Read More

Mainstreaming of AYUSH under National Rural Health Mission

The Department of AYUSH has takenseveral steps for mainstreaming of AYUSH under the National Rural Health Mission. The achievements during the last four years (2009-10 to 2012-13) are as follows: A.    Mainstreaming of AYUSH under NRHM: (a)    During 2009-10, 2010-11, 2011-12 and 2012-13 for mainstreaming of AYUSH under National Rural Health Mission, grants-in-aid amounting to Rs 553.00 crore was given… Read More

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

Revival of closed units of Fertilizer Corporation of India Limited

The Cabinet Committee on Economic Affairs (CCEA) approved the proposal regarding revival of five closed units of Fertilizer Corporation of India Limited (FCIL) at Sindri, Talcher, Ramagundam, Gorakhpur and Korba. The CCEA approved the waiver of Government of India loan and interest thereon amounting to Rs.10,644 crore. The CCEA approved proposal for intercorporate loan of… Read More

Setting up of the National Skill Development Agency

The Union Cabinet today gave its approval for constituting an autonomous body called the National Skill Development Agency (NSDA) by subsuming the Prime Minister™s National Council on Skill Development (PMNCSD), the National Skill Development Coordination Board (NSDCB) and the Office of the Adviser to the PM on Skill Development. The NSDA will be located in… Read More

Union Cabinet declares Year as Water Conservation Year-2013

The Union Cabinet today gave its approval for declaring the year 2013 as Water Conservation Year 2013. A number of mass awareness activities will be undertaken during Water Conservation Year 2013 with emphasis on sensitizing the masses on water related issues, encourage them to conserve and use it judiciously.   The policies and programmes of the… Read More

Official Amendment to the Multi-State Co¬operative Societies (Amendment) Bill, 2010 pending in Lok Sabha

The Union Cabinet has given its approval for moving official amendments to the Multi-State Co-operative Societies (Amendment) Bill, 2010 pending in the Lok Sabha. The objective of the official amendments is to ensure that the provisions of the Bill are in conformity with the provisions of the Constitution (Ninety-Seventh Amendment) Act, 2011. The Official Amendments… Read More

Amendments in the Parliament (Prevention of Disqualification) Act, 1959

The Union Cabinet today gave its approval for amendments in the Parliament (Prevention of Disqualification) Act, 1959 by introducing of a Bill in Parliament, namely, the Parliament (Prevention of Disqualification) Amendment Bill, 2013. Section 3 of the Parliament (Prevention of Disqualification) Act, 1959, as amended from time to time, lists certain offices of profit under… Read More

Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) – Standards

RBI/2012-13/497 DPSS. CO. AD. No. 2051/02.27.005/2012-13 May 8, 2013 Chief Executive Officers of All the Payment System Operators Authorised under the PSS Act, 2007 Dear Sir Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular DPSS.CO.AD.No.1120 /02.27.005/2012-13 dated January 8, 2013 on risk arising from the deficiencies in… Read More

Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 Committee’s Sanctions List

RBI/2012-13/496 DPSS. CO. AD. No. 2050/02.27.005/2012-13 May 8, 2013 CEOs of all the Payment System Operators Authorised under the PSS Act, 2007 Dear Sir Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) and 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DPSS.CO.AD.No.1121/02.27.005/2012-13 dated January 8, 2013. We have… Read More

Structured Mechanism for monitoring the credit growth to the MSE sector

RBI / 2012-13/495 RPCD. SME&NFS. BC.No. 74 /06.04.01/2012-13 May 9, 2013 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam, Structured Mechanism for monitoring the credit growth to the MSE sector In view of the concerns emerging from the deceleration in credit growth to the Micro… Read More

RBI Working Paper Series 5 / 2013: Persistence of Informal Credit in Rural India: Regulatory Policies Need to Recognise Changing Rural Landscape

The Reserve Bank today placed on its website a Working Paper titled Persistence of Informal Credit in Rural India: Evidence from ˜All-India Debt and Investment Survey™ and Beyond under the RBI Working Paper Series. The paper has been authored by Dr. Narayan Chandra Pradhan. Rural credit market in India is characterised by the coexistence of… Read More

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