CBDT releases notification on the treatment of income by HP electricity commission
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th July, 2017 S.O. 2384(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Himachal Pradesh Electricity… Read More
Govt. continues to impose Anti-dumping duty on imports of the “Polytetra fluoroethylene”
[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. 36 /2017-Customs (ADD) New Delhi, the 28th July, 2017 G.S.R…. (E). - Whereas, the designated authority vide notification no.15/11/2016 DGAD , dated the 8th July, 2016 published in the… Read More
Govt. amends NOT No. 96/2008-Customs
[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. 68/2017-Customs New Delhi, 27 th July, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
Clarification regarding exports under claim for drawback in the GST scenario:CBEC
Circular No. 32/2017 - Customs F. No. 609/64/2017-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs *** New Delhi, dated 27th July, 2017 To, Principal Chief Commissioners / Principal Directors General, Chief Commissioners / Directors General, Principal Commissioners / Commissioners, all under CBEC Madam/Sir, Sub: Clarification… Read More
SEBI meets Market Infrastructure Institutions to discuss Cyber Security and Technology
PR No. 48/2017 SEBI meets Market Infrastructure Institutions to discuss Cyber Security and Technology SEBI convened a meeting on July 28, 2017 with Stock exchanges, Clearing Corporations and Depositories (Market Infrastructure Institutions-MIIs) operating in the domestic market and GIFT IFSC in order to assess their preparedness on areas related to Cyber Security, Technology and Systems… Read More
Stressed Assets with Banks represent unique opportunity for Asset Reconstruction Companies and Private Equity Firms: Finance Minister
Stressed Assets with Banks represent unique opportunity for Asset Reconstruction Companies and Private Equity Firms: Finance Minister The Union Finance Minister, Sh. Arun Jaitley today stated that the opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for Asset Reconstruction Companies (ARCs) and Private Equity… Read More
Rate Revision of Interest by NABARD :RBI
Rate Revision of Interest by NABARD The Reserve Bank of India (RBI) vide its Master Direction dated March 03, 2016 on ‘Interest Rate on Advances’, has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks (excluding RRBs). As per these directions, the banks prescribe a comprehensive policy on Interest Rate on Advances duly… Read More
Accidental Insurance for RuPay ATM Card Holders
Accidental Insurance for RuPay ATM Card Holders All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover. RuPay Classic cardholders are eligible for cover of Rs.1 lakh, whereas RuPay Premium cardholders are eligible for cover of Rs.2 lakh. Insurance premium is paid by the National Payments Corporation of India. 872… Read More
Benefits of the reduced rates/tax rebate to the consumers post GST
Benefits of the reduced rates/tax rebate to the consumers post GST The GST Council comprising the representatives of Central and State Government recommended the GST rates for goods and services, interalia taking into account the pre-GST indirect taxes incidence on goods and service. The GST rates on goods have since been notified. With the GST… Read More
RBI sets up Supervisory Colleges for 6 Commercial Banks with International presence
RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence Reserve Bank of India (RBI) has informed that Supervisory Colleges have been setup for the following six Scheduled Commercial Banks which have sizeable international presence:- State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank… Read More
Salient Features of Goods and Service Tax
Features of GST Goods and Services Tax (GST) is intended to bring transparency and accountability in business transactions along with the ease of doing business and rationalization in tax rates and will not pave the way for financialization of the country. The foremost benefit of GST is to remove hurdles in inter-State transactions resulting in… Read More
Highlights of actions taken by task force against Shell companies
‘Task Force on Shell Companies’ for effectively tackling the malpractices A ‘Task Force on Shell Companies’ under the Joint Chairmanship of Revenue Secretary and Secretary, Ministry of Corporate Affairs was constituted in February, 2017 for effectively tackling the malpractices by shell companies/ponzy companies/khoka companies in a comprehensive manner adopting whole of the government approach. Other… Read More
Insurance Schemes for unorganized sector persons living below the poverty line
Insurance Schemes for unorganized sector persons/people living below the poverty line The Social Security Scheme namely, Aam Aadmi Bima Yojana (AABY) caters to unorganised sector persons under 48 various vocational groups such Beedi Workers, Brick Kiln Workers, Rickshaw Pullers/Auto Drivers etc. The scheme provides insurance cover of Rs.30,000/- on natural death, Rs.75,000/- on death due… Read More
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