No.R-11018/I/2010.SS-II The undersigned is directed to refer to CPFC’s 130 Not( No.Invst.1/3(2)/133/1011/R.011205 dated 13-10-2010 on the subject mentioned above and to convey the approval of the Central Government under para 60(1) of the Employees’ Provident Funds Scheme, 1952 to crediting of interest ( 9.5% for the year 2010-11 to the account of each member of the Scheme on the condition that the 4.72 crore Member accounts should be updated within a period of six months and if any shortfall in Interest Suspense Account is noticed, then the same should be adjusted in the interest rate to be fixed for the next year (2011-12),
Notification No 34(RE – 2010)/2009-2014,- The government has slashed the minimum export price (MEP) of onion for the third time this month to USD 275 per tonne from the earlier price of USD 350 per tonne. “MEP of onions other than Bangalore Rose Onions and Krishnapuram onions will be USD 275 per metric tonne FOB (freight-on-board),” the Directorate General of Foreign Trade said in a notification.
Rudra Appellant(s) versus Divisional Manager, National Insurance Co. Ltd. & another Respondent(s) – Motor Vehicles Act, 1988 — section 166 — claim petition under — the Tribunal concluded that merely because the appellant had consumed alcohol did not mean that the driver of the vehicle did not need to drive the vehicle cautiously. Thus, the accident occurred due to the rash and negligent driving of the offending vehicle as a result of which the appellant sustained injuries. The Tribunal awarded total compensation amounted to Rs.40,000/- with interest @ 8% p.a. — the High Court enhanced the compensation to Rs.1,48,200/- with interest @ 6% p.a. — appeal for enhancement of compensation — the doctor assessed whole body disability at 29% and also stated that the nature of disability is such that the appellant cannot work as a coolie or do any other manual work — the impugned judgment of the High Court modified, awarding Rs.3,00,000/- with interest of 6% p.a. on the enhanced sum — appeal allowed — no costs.
Finance Minister Pranab Mukherjee today dubbed IT order on investment MoUs signed during Vibrant Gujarat Summits as “routine”, but admitted it followed complaints by Leader of the Opposition in the State Assembly, seeking to know source of funds. Making a statement in the Rajya Sabha, he said in December, Leader of the Opposition in Gujarat Vidhan Sabha (belonging to Congress) had made a complaint that source of large funds committed for investment in the state during the biennial summits should be investigated by the IT authorities.
The government is likely to table the Goods and Services Tax (GST) Constitution Amendment Bill before Parliament in the next 4-5 days, said a senior official. “The Cabinet has cleared that proposal (on GST). In another 4-5 days we should be able to put it in Parliament,” Central Board of Excise and Customs (CBEC) Chairman SD Majumder told reporters at a PHD Chamber event.
The Union Cabinet today approved a long-pending bill, which is aimed at giving statutory power to the pension regulator PFRDA, paving way for introduction of the same in the current session of Parliament.The draft legislation is aimed at upgrading the status of the Pension Fund Regulatory and Development Authority (PFRDA), which has been functioning for the past eight years without Parliamentary approval.
It is hereby informed that the Council has decided to enhance the fees for issue of duplicate mark sheets ( for various examinations conducted by the Institute of Chartered Accountants of India, including those relating to post qualification courses) from Rs 10/-(Rupees ten only) per duplicate mark sheet to Rs 100/- ( Rupees one hundred only) per duplicate mark sheet.
You are required to furnish the following details / documents along with your request- Copy/ies of mark sheet/s for which you require duplicate mark sheet/s (if available), which will help us to process your request speedily. In case, you are not in a position to send copy/ies of your Mark sheet/s, please furnish your correct Articles Registration Number, Month & Year of appearance and Roll Number for which you require duplicate mark sheet/s.
On the basis of the current macroeconomic assessment, it has been decided to: * increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.75 per cent with immediate effect; and increase the reverse repo rate under the LAF by 25 basis points from 5.5 per cent to 5.75 per cent with immediate effect.
Merely because the shares had been purchased from borrowed funds obtained on high rate of interest would not change the nature of the transaction from investment to one in the nature of an “adventure in the nature of trade.
