DTAA Amendment Protocol signed between India and Sweden
Protocol Amending the Convention and the Protocol between the Republic of India and the Kingdom of Sweden signed for the Avoidance of Double Taxation and for Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital The Convention and Protocol between the Government of the Republic of India and the Government of… Read More
News Related to Nashik Currency Note Press
Currency Note Press, Nashik has Highest Ever Monthly Production of 451.5 Million Pieces (MPCS) of Banknotes during January, 2013 Currency Note Press (CNP), Nashik (a unit of SPMCIL) which is engaged in production of Bank Notes using state of the art technology, has produced 451.5 million pieces (mpcs) of Banknotes during January, 2013.This is the… Read More
Issue of Non-Convertible Bonds by Central Government entities
SECTION 10(15), ITEM (H) OF SUB-CLAUSE (IV) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2012-13 AMENDMENT IN NOTIFICATION NO. SO 2685(E), DATED 6-11-2012, READ WITH CORRIGENDUM NO. SO 2717(E), DATED 15-11-2012 NOTIFICATION NO. 10/2013[F.NO.178/6/2013(ITA-I)]/SO 321(E), DATED 5-2-2013 In… Read More
Modifications in the Handbook of Procedures, Vol.II (SION Book)
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I -SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE NO.47(RE:2012)/2009-2014 NEW DELHI : DATED : 08.02.2013 In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes… Read More
Comprehensive instructions on the auction of properties purchased under Chapter XX-C
Supersession of instruction no. 1857, dated 19-9-1990 - Vesting of property in central government - Disposal of properties acquired property be referred to Valuation Cell of the Department INSTRUCTION NO. 2/2013 DATED 5-2-2013 In supersession to CBDT Instruction No. 1857 issued on 19-9-1990 vide F. No. 316/22/1989-OT for auction of properties purchased under Chapter XX-C of the Income-tax Act, 1961, comprehensive instructions… Read More
FM response to Advance Estimates of GDP for 2012-13
Finance Ministry™s Response to Advance Estimates Released by the CSO; Ministry Keeping a Watch on the Situation, have taken and Will Continue to Take Appropriate Measures to Revive Growth; Hope to End the Year on a Better Note The Central Statistics Office (CSO) has released the Advance Estimates of GDP for 2012-13. These are only… Read More
Merger of National Lake Conservation Plan and National Wetlands Conservation Programme into a new scheme
Merger of National Lake Conservation Plan and National Wetlands Conservation Programme into a new scheme The Cabinet Committee on Economic Affairs today approved the proposal for the merger of National Lake Conservation Plan (NLCP) and National Wetlands Conservation Programme (NWCP) into a new scheme called the `National Plan for Conservation of Aquatic Eco-systems` (NPCA). The… Read More
Cabinet Approval for formation of Special Purpose Vehicle for pipeline project
Formation of SPV (TAPI Limited) for the TAPI Pipeline Project and to permit GAIL India Ltd. to join the SPV The Union Cabinet today gave its approval for formation of the Special Purpose Vehicle (SPV) for the Turkmenistan-Afghanistan-Pakistan-India(TAPI) Pipeline Project and to permit GAIL India Ltd. to join the SPV. The four countries involved in the… Read More
Bank Finance for Purchase of Gold
RBI/2012-13/413 RPCD.RCB.BC.No. 64/07.51.014/2012-13 February 07, 2013 The Chairmen / CEOs of all State and Central Co-operative Banks Madam / Dear Sir, Bank Finance for Purchase of Gold State and Central Co-operative Banks grant loans for various purposes against the security of gold / gold ornaments as part of their lending policy. 2. In terms of… Read More
Railway Revenue Earnings up during April 2012- January 2013
The total approximate earnings of Indian Railways on originating basis during 1st April 2012 to 31st January 2013 were Rs. 101223.95 crore compared to Rs. 84083.74 crore during the same period last year, registering an increase of 20.38 per cent. The total goods earnings have gone up from Rs. 56163.30 crore during 1st April 2011… Read More
MoF Government Statement on GDP Growth
The Government States that as GDP Growth is Turning, it is Likely that the Advance Estimates of 5 Percent will be Revised and the Final Estimate will be Closer to the Government™s Estimate of a Growth Rate of 5.5 Percent or Slightly More The Ministry of Finance states that the advance estimate of the CSO… Read More
NTPC Limited Disinvestment of Paid up Equity Capital through Offer for Sale Mechanism
Gross Proceeds Worth Rs. 11469.39 Crore Received by the Government through Disinvestment of 9.50% of Paid up Equity Capital in NTPC Limited through Offer for Sale (OFS) Mechanism The Offer for sale (OFS) transaction in NTPC Ltd. was held on 07.02.2013. A total number of 783,262,880 shares were sold at the cut off price of Rs. 145.55… Read More
CESTAT upholds order related to clandestine removal of machines to escape duties
CLR Editorial Notes: This case refers to clandestine removal of machines manufactured without paying duties and consequent demand of duty. It was seen that the appellant was caught red handed in clearing two winch machines. Further, the statement of Managing Director was very clear, disclosing the name of the purchaser of clandestinely removed goods. The inquiries… Read More
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