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Archive: 29 November 2011

Posts in 29 November 2011

Central Para-Military Forces (CPMF) sought VAT exemption on canteen sales

November 29, 2011 4529 Views 0 comment Print

The Central Para-Military Forces (CPMF) have sought VAT exemption on canteen sales. Chairman, Welfare And Rehabilitation Board (WARB) has written to the Chief Ministers of all the States and to the Union Territories for seeking exemption of Value Added Tax (VAT) to Central Police Canteen (CPC).

Govt issues Draft Public Procurement Bill, 2011(Dated 29th November, 2011)

November 29, 2011 267 Views 0 comment Print

Currently there is no overarching legislation governing public procurement by the Central Government and Central Public Sector Enterprises (CPSEs). The General Financial Rules, 2005 govern procurements made by the Central Government. Some Ministries/ Departments have specific procedures/ Manuals to supplement these Rules. Procurements by CPSEs are governed by their own Manuals/ Procedures.

Branch Authorization Policy – Relaxation- opening of Tier 2 branches under general permission

November 29, 2011 360 Views 0 comment Print

Please refer to paragraphs 77 to 80 of the Second Quarter Review of Monetary Policy 2011-12 on the above subject (extract enclosed). To enhance the penetration of banking in rural and semi-urban areas, domestic scheduled commercial banks (excluding RRBs) were permitted vide circular DBOD.No.BL.BC.65/22.01.001/2009-10 dated December 1, 2009 to open branches in Tier 3 to Tier 6 centres (with population up to 49,999 as per Census 2001) and in the rural, semi-urban and urban centres in North-Eastern States and Sikkim without having the need to take permission from Reserve Bank of India in each case, subject to reporting.

SEBI Circular on Annual System Audit

November 29, 2011 853 Views 0 comment Print

Keeping in view the rapid technological developments in the Securities Markets should not overshadow the risks that these innovations pose to the efficiency and integrity of markets, SEBI vide circular no. MIRSD/DPS-III/ Cir-22 /2008 dated July 23, 2008, had mandated that exchanges shall conduct an annual system audit by a reputed independent auditor. Similar framework was also prescribed for depositories vide letter no. MIRSD/DPS-III/132833/2008 dated July 23, 2008.

Give workers permanent jobs not contracts – Govt to industry

November 29, 2011 592 Views 0 comment Print

Government today urged industries to give workers’ permanent employment instead of contracts. Speaking at a function after distributing National Safety Awards in New Delhi today, the Labour and Employment Minister Mr. Mallikarjun also called for extending social security benefits to these workers.

FII and Equity market affected by Euro crisis – Finance Minister

November 29, 2011 613 Views 0 comment Print

The Government today said the unfolding of Euro Zone sovereign debt crisis has impacted the country through slowdown in Foreign Institutional Investment inflows and fall in the equity markets.This information was given in a written reply in the Rajya Sabha by the Finance Minister, Mr Pranab Mukherjee.

Customs – Implementation of The Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009

November 29, 2011 2296 Views 0 comment Print

Board has received representations on the implementation of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009, which has been issued by Ministry of Commerce and Industry under Section 14 of the Bureau of Indian Standards Act, 1986 and has come into force w.e.f. 13.05.2011, in respect of Pneumatic Tyres.

Taxpayer's Lounge – the stall set up by Income Tax Department at India International Trade Fair 2011 – receives the First Prize in the category Government Departments

November 29, 2011 922 Views 0 comment Print

Taxpayers’ Lounge set up by Income Tax Department at India International Trade Fair 2011 from 14-27 November, 2011 has been adjudged First for Excellence in Display in the category Government Departments by India Trade promotion Organization (ITPO). The Taxpayers’ Lounge, inaugurated by Chairman, CBDT, on 15th November 2011, was conceptualized by the Directorate of Income Tax (PR,PP&OL). The Directorate also supervised its actual implementation as well as functioning throughout the duration of the Trade Fair.

Notification No.G.S.R. 848 – Income Tax Dated 29/11/2011

November 29, 2011 772 Views 0 comment Print

Notification No.G.S.R. 848/2011 – Income Tax In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 (46 of 1959), the Central Government hereby makes the following rules, namely

Vacancy Circular for filing up vacant posts in various Benches of Income Tax Settlement Commission-reg.

November 29, 2011 408 Views 0 comment Print

The CBDT has indicated vide letter dated 25.11.2011 that there are several vacant/ likely to be vacant posts in the Benches of the Income Tax Settlement Commission at Delhi, Chennai, Kolkota and Mumbai. Download CBDT letter dated 25.11.2011

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