Payment to CA Firm for loss of referral work is compensation and hence a non-taxable capital receipt
CLR Editorial Notes: The CA firm being an assesses and appellant in this case, was a part of Deloitte member firm network. The arrangement was to use the name of Deloitte in all its activities, without merging with it. Deloitte management, desired to merge all its members in one firm, an offer which this CA… Read More
Schemes and Projects for the development of Scheduled Tribes
Schemes for Scheduled Tribes The Ministry of Tribal Affairs is implementing Special Area Programmes/ Central Sector/Centrally Sponsored Schemes for the socio-economic development of Scheduled Tribes in the country. The projects for the development of Scheduled Tribes under the schemes/programmes of the Ministry are implemented through the State/UT Governments and Non-Governmental Organisations (NGOs). Details of the… Read More
Verification of Photograph and Signature of Members of ICSI
Members of ICSI are requested to send the scanned images of the latest colored photograph for uploading/replacing on the website of the Institute for facilitating the online verification of Member's Identity and also of the specimen signature. We would request you to kindly arrange to send the same at email-ID memberaddress@icsi.edu as per details given… Read More
Implementation of Central Projects
The Minister of State (Independent Charge) for Statistics and Programme Implementation Shri Srikant Kumar Jena has said that Ministry of Statistics and Programme Implementation monitors the Central Sector Infrastructure Projects costing Rs. 150 crore and above (Rs. 20 crore and above before 31st March 2010) on the basis of information supplied/uploaded by the project implementing… Read More
Twelfth Plan strategy seeks to establish a Universal Free Health Coverage system
The Twelfth Plan strategy seeks to strengthen initiatives taken in the Eleventh Plan to expand the reach of health care and work towards the long term objective of establishing a system of Universal Health Coverage (UHC) in the country. The Plan envisages substantial expansion and strengthening of the public health systems both in rural and… Read More
Review of implementation of the e-Panchayat Mission Mode Project
e-Governance of Panchayats The Ministry of Panchayati Raj has been reviewing the implementation of the E-Panchayat Mission Mode Project (MMP) in the review meetings which are held from time to time to monitor the progress of the Project. In the recent past, such national review meeting of all States and UTs was held on 11-12… Read More
MoS for Petroleum says 90% of LPG Cylinders will be sold at subsidised rates
The Minister of State for Petroleum & Natural Gas Smt. P. Lakshmi informed the Lok Sabha in a written reply today that the Public Sector Oil Marketing Companies (OMCs), namely, Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have estimated (based on previous year consumption data) that… Read More
Department isssues Guidelines for setting up Disaster Recovery and Business Continuity Plans Centers for IT / ITES SEZs
No. D.12/25/2012-SEZ Government of India Ministry of Commerce & Industry Department of Commerce (SEZ Division) Udyog Bhavan, New Delhi 20-22nd February, 2013 Subject: Guidelines for Setting up Disaster Recovery (DR) and Business Continuity Plans (BCP) Centers for IT / ITES SEZs Disaster recovery (DR) may be seen as the process, policies and procedures related to preparing for recovery or continuation… Read More
Committee on Public Undertaking recommends ban on Export of Iron Ore
In the 11th Report of Committee on Public Undertaking (2010-11) regarding comprehensive examination of Rashtriya Ispat Nigam Limited, the Committee has interalia recommended that injudicious export of raw natural resources like iron ore, coal needs to be banned. Export of iron ore is regulated through fiscal measure by imposition of export duty. Accordingly, the Central… Read More
Justice Usha Mehra’s Commission report submitted to Law and Home Ministries
Justice (Retd) (Ms) Usha Mehra Commission submitted its report to the Government which was received by the Union Minister of Law & Justice Shri Ashwani Kumar and the Union Home Secretary Shri R.K.Singh here today . The Commission was constituted on 26th December, 2012 to inquire into various aspects of shocking incidence of rape and… Read More
Concept of Financial Super Market started by a Public Sector Bank
State Bank of Bikaner & Jaipur (SBBJ), a Public Sector Bank introduced Financial Super Market concept in Jaipur on 08.08.2012. SBBJ Financial Super market branch at Jaipur primarily sell and service products of its Channel partners like SBI Life, Mutual Fund, SBI General and SBI Card, both across the counters and through electronic means. The… Read More
Differential interest Rates on Home Loans
Interest rates on advances have been de-regulated by the Reserve Bank of India (RBI). The banks determined their actual lending rates on loans and advances with reference to their Base Rate and by including such other customer specific changes as considered appropriate. A statement is annexed. As per the guidelines of RBI, Base Rate system… Read More
Report on complaints regarding Direct Selling Agents/Recovery Agents received against the Scheduled Commercial Banks by Banking Ombudsman
The details of complaints regarding Direct Selling Agents/Recovery Agents received against the Scheduled Commercial Banks (SCBs) by the Offices of the Banking Ombudsman and disposed off during the last three years are as under: Bank Group 2009-10 2010-11 2011-12 2012-13 (July -Jan) SBI & Associates 306 62 87 44 Nationalised banks 351 58 58 29 Private Sector Banks 669 928 223 111… Read More
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