India seeks Germany™s Cooperation to bring Grid Integration Technology to India
Our 12th Five Year Plan proposals for the next five years (2012-17) seek a capacity addition of 30 GW, of which 25 GW is expected to come from wind and solar energy, said Sh. R.P. Watal, Secretary MNRE while inaugurating a one day Workshop on Grid Integration of Renewable Energy & Rooftop Solar in Urban… Read More
Appointments Committee of the Cabinet
The Appointments Committee of the Cabinet has approved the following: (i) Shri A.P.Joshi,IAS(KN:78),Special Secretary, Department of Atomic Energy as Member (Finance), Atomic Energy Commission, Space Commission and Earth Commission in the rank and pay of Secretary vice Shri V.Venkateshwara Bhat, IAS(UT:76). (ii) Shri C.B.Venkataramana, IAS(AP:82), as Additional Secretary, Department of Atomic Energy vice Shri A.P.Joshi,… Read More
Guidelines for Suo Motu Disclosure by Central Government Ministries/Departments and Public Authorities Issued
Government has issued guidelines for suo motu disclosure by Central Government Ministries/Departments and Public Authorities thereunder. These guidelines are based on the recommendation of the Task Force set up by the Government for strengthening compliance with provisions for suo motu (proactive) disclosure as given in Section 4 of the RTI Act, 2005. This task force… Read More
India signs MoU with Costa Rica to Enhance Trade Ties
The Minister of State in the Ministry of Commerce & Industry, Dr. D Purandeswari held three bilateral meetings and signed one important Memorandum of Understanding (MoU) in Costa Rica yesterday. She first met Ms. Daisy Maria Corrales Diaz, Costa Rica™s Minister of Health. Followed by it, she met Mr. Alejandro Cruz, Minister of Science and… Read More
Home Ministry Holds Workshop on Terror Financing
A Workshop on Terror Financing and Implementation of Section 51A (concerning Freezing of the Terror funds) of Unlawful Activities (Prevention) Act, 1967 was organised by the Ministry of Home Affairs(MHA), Government of India, in conjunction with the National Investigation Agency(NIA) here today. The workshop was inaugurated by Shri S Jayaraman, Special Secretary (IS), Ministry of… Read More
FM Speak @ Harvard :: “The Rise of the East: Implications for the Global Economy
Following is the Text of the Speech of the Union Finance Minister, Shri P. Chidamabarm delivered yesterday at the South Asian Institute and Mahendra Humanities Center at Harvard University: It is a great pleasure to be back in the grounds of Harvard University and a great honour to be invited to speak by institutions that are… Read More
TRAI releases consultation paper on Guidelines/Accreditation Mechanism for Television Rating Agencies in India
TRAI has released a consultation paper on Guidelines/Accreditation Mechanism for Television Rating Agencies in India. MIB has sought recommendations of TRAI for laying down comprehensive guidelines/accreditation mechanism for TRP (Television Rating Points) rating agencies in India to ensure transparency and accountability in the rating system. TRP ratings are generated by measuring what is being viewed… Read More
RBI Clarification of Implementation of Section 51-A of UAPA, 1967 – updation of UNSC list on Al Qaeda
RBI/2012-13/477 DBOD.AML.No.14982/14.06.001/2012-13 April 17, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD. AML… Read More
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) Risk Weights and Provisioning
RBI 2012-13/ 476 DBOD.No.BP.BC-90/21.04.048/2012-13 April 16, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir, Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) Risk Weights and Provisioning The Ministry of Housing & Urban Poverty Alleviation, Government of India has… Read More
Controversies In Assessment: Income-tax Dept Publication
The Income-tax department has released a publication titled A Step Ahead A compilation on contentious issues in assessments. The publication is authored by top-notch senior IRS officers who have a good grasp on the theoretical and practical aspects of making an assessment. It identifies 19 important provisions in the Act which are the subject matter… Read More
Closure of CRC Branch – Registration of dealers to be done online or through concerned wards
DEPARTMENT OF TRADE AND TAXES POLICY BRANCH VYAPAR BHAWAN, I.P.ESTATE. NEW DELHI-110002 No .F.(20)/2008-2009/CTT/EDP/Vol-III/Pt. file/13 Dated :04.04.2013 CIRCULAR Consequent upon closure of Centralized Registration Cell, the registration of dealers will be done either through online mechanism or manually through the concerned wards. The list of documents required for filing application for registration is as under:… Read More
Payment by post-dated cheque relates back to date of handing over of cheque
CLR Editorial Note: In the Financial year end of 2002, the assessee, a charitable trust eligible for exemption Under/Section 11, received a post-dated cheque dated from Apollo Tyres Ltd for which it issued a receipt. The Assessing Officer held that the post-dated cheque had been accepted by the assessee to do undue favour to Apollo… Read More
A debatable issue cannot be corrected using Section 154 of the IT Act
CLR Editorial Note: The assessee had credited an amount of Rs. 1,24,312/- as Duty Entitlement Pass Book (DEPB in short) in its Profit & Loss Account (P&L A/c) and had also claimed deduction u/s 80IB on this amount. Initially, the Assessing Officer allowed this claim u/s 80IB qua DEPB amount while completing assessment u/s 143 (3) of… Read More
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