Cabinet approves acquisition of subsidiary banks of State Bank of India
The Union Cabinet has approved the acquisition by the State Bank of India of its subsidiary banks namely State Bank of Bikaner
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Government decides to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016
The Government of India, in consultation with the Reserve Bank of India (RBI), had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS),
Continue readingCBDT signs 4 unilateral Advance Pricing Agreements pertaining to Manufacturing, Financial & Information Technology sectors
The Central Board of Direct Taxes (CBDT),Department of Revenue, Ministry of Finance has entered into four more unilateral Advance Pricing Agreements (APAs)
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All central universities to have proper grievance redressal mechanisms in compliance with recommendations of Justice Ashok Kumar Roopanwal Inquiry Commission
The report of Justice Ashok Kumar Roopanwal (Retd.) Commission of Inquiry along with memorandum of Action Taken thereon has been laid before
Continue readingHigh net worth NBFCs can now participate in IPOs at par with Banks and Insurance Companies
While presenting the General Budget 2017-18 in Lok Sabha, the Union Finance Minister, Shri Arun Jaitley proposed that the Foreign Investment Promotion
Continue readingGovernment allows 100 per cent FDI in White Labelled ATM operations, subject to conditions
Government has allowed Foreign Investment up to 100% in White Label ATM (WLA) operations, subject to the following conditions:- (i) Any non-bank
Continue readingTax treaties with partner countries to be revised to enable CBI and ED to use the data for prosecution
The Government is contemplating to revise the tax treaties with partner countries to enable the Central Bureau of Investigation (CBI) and Enforcement
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UIDAI demonstrates zero tolerance against unauthorized agencies and websites
Demonstrating zero tolerance to unauthorized websites and mobile applications providing Aadhaar related services illegally by charging excessive money from the public, Unique
Continue readingPolitical Parties cannot receive donation above Rs. 2000 in cash from one person, have to file ITR within time-limit
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitely while presenting the General Budget 2017-18 in Parliament said that the
Continue readingSalient Features of Direct Tax Proposals in Union Budget 2017
The salient features of Direct Tax proposals in the Union Budget 2017 are summarised below: I. Affordable Housing 1. Three concessions in
Continue readingUnion Budget 2017-18 : Highlights
Highlights: Total expenditure in Budget for 2017-18 has been placed at Rs 21.47 lakh crores and this is expected to have multiplier
Continue readingClarifications on Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) provides an opportunity to persons having undisclosed income in
Continue readingUniversal Basic Income Scheme : An alternative to plethora of State subsidies for poverty alleviation
The Economic Survey 2016-17 tabled in Parliament by the Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic
Continue readingEconomic Survey 2016-17 : Rupee performed better than most of the other emerging market economies
The Indian Economy has sustained a macro-economic environment of relatively lower inflation, fiscal discipline and moderate current account deficit coupled with broadly
Continue readingIncome Tax Department launches Operation Clean Money
The Income Tax Department (ITD) has initiated Operation Clean Money. Initial phase of the operation involves e-verification of large cash deposits made during
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Inclusion/Amendments in Central List of OBCs notified in respect of some States, approved
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to notify inclusion/Amendments in the Central List
Continue readingIndia participates in JITSIC meeting on ‘Panama Papers’
India participated in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting held in Paris on 16th and 17thJanuary 2017
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Guidelines issued prescribing modalities for Persons with Disabilities to show respect to the National Anthem
In pursuance of the order of Hon’ble Supreme Court dated 09.12.2016 in the matter of Writ Petition (Civil) No. 855 of 2016,
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Govt lays down specific ‘timeline’ for completing enquiry against officers and members of All India Services
Government has laid down specific timeline for completing enquiry against officers and members of All India Services (AIS) within a given deadline,
Continue readingCo-operative Banks are not authorised banks to accept deposits under Pradhan Mantri Garib Kalyan Deposit Scheme
Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 The Government of India, in consultation with the Reserve Bank of India,
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