Finance Minister, Shri Pranab Mukherjee’s Key Note address at Pravasi Bhartiya Divas 2012
It gives me great pleasure to address this distinguished gathering at the Pravasi Bharatiya Divas 2012. As we all know, this day celebrates the achievements of the ˜pravasi bharatiya™ or the non-resident Indians whose sterling role in nation building efforts of their adopted countries is recognized all across the world. This day also seeks to… Read More
MCA – Use of Digital Signatures on MCA now require JDK 1.6 version
All users using below mentioned services on MCA21 are required to download JDK 1.6 updated version 30 from the following link : Any user logging on MCA21 using a DSC Any existing user registering/updating a DSC Any new user registering using a DSC Click the following link to download the same : http://www.oracle.com/technetwork/java/javase/downloads/jdk-6u30-download-1377139.html… Read More
Payment of Penal Interest for delayed credit/refunds of NEFT transactions
RBI/2011-12/342 DPSS (CO) EPPD No.1204/04.03.01/2011-12 January 05, 2012 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT / Indian Banks™ Association Madam / Dear Sir, Payment of Penal Interest for delayed credit/refunds of NEFT transactions and efficient functioning of Customer Facilitation Centres Please refer to our… Read More
Clarification on Interest Rates on Small Savings Schemes
Ministry of Finance has clarified that although the rate of interest on small savings schemes will be aligned every year with rates of Government securities of similar maturity, with suitable spread, the rates are fixed and not floating so far as individual investments except PPF are concerned. This is in response to news items… Read More
Amendment to Notification no. 3/2006 and 6/2006 – Central Excise
[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. 1/2012-Central Excise New Delhi, the 3rd January, 2012 G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the… Read More
3rd Annual FEMA Summit – FDI Policy & Anti – Money Laundering
It™s a great pleasure to inform you about the upcoming 3rd Annual FEMA Summit 2012, scheduled on 9th & 10th February 2012 in Mumbai. There was a lot of buzz in & around FDI Policy & AML in the country in the recent past, the most hyped political discussion in the winter session on the… Read More
Union Finance Minister, Shri Pranab Mukherjee™s Speech at the IIFCL Foundation Day and Launch of Pilot Credit Enhancement Scheme
Following is the text of the Speech of the Union Finance Minister,Shri Pranab Mukherjee delivered here today at the IIFCL Foundation Day and Launch of Pilot Credit Enhancement Scheme I am happy to join you all on the Foundation Day of India Infrastructure Finance Company Limited (IIFCL) and launch of Pilot Transaction of Credit Enhancement. On this day, in the… Read More
Need for Developing New Instruments, like Credit Enhancement to Enable Increased Financing for Infrastructure Projects, Says FM; Launches the Pilot Transaction under Credit Enhancement Scheme, a Major Initiative of IIFCL
The Union Finance Minister, Shri Pranab Mukherjee has emphasized on the need for developing new instruments, like credit enhancement for providing increased financing for infrastructure projects in the country. The Finance Ministerwas speaking after launching the Pilot transaction under Credit Enhancement Scheme, a major initiative of Indian Infrastructure Finance Company Limited (IIFCL) here today. The… Read More
Press Note on Arrear Demand Communication
It has been reported in some sections of the press that the Central Processing Centre , Bangalore is sending notices for payment of taxes which are as small as Rs. 1/- , 4/- , 6/-, causing unnecessary hardship to assesses . It has been stated that when the refunds for amounts less than Rs. 100/- are not issued by the… Read More
Refund of 4% Additional Duty of Customs (4% CVD) in terms of Notification No. 102/2007-Customs dated 14.09.2001-regarding.
Circular No 01/ 2012-Customs F.No.401/46/2008-Cus.III Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs To, All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs & Central Excise. Subject: Refund of 4% Additional Duty… Read More
External Commercial Borrowings (ECB)
RBI/2011-12/340 A. P. (DIR Series) Circular No.64 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, amended from time… Read More
Clarification on Interest Rates on Small Savings Schemes
Ministry of Finance has clarified that although the rate of interest on small savings schemes will be aligned every year with rates of Government securities of similar maturity, with suitable spread, the rates are fixed and not floating so far as individual investments except PPF are concerned. This is in response to news items appearing… Read More
Amends Notifications no. 03/2006-Central Excise and 6/2006-Central Excise both dated 1st March, 2006
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 1/2012-Central Excise G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby directs that each… Read More
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