"03 June 2015" Archive

Mechanism to Control Call-Drop- BSNL to Launch Free Roaming

BSNL to Launch Free Roaming From 15 June, 2015 Mechanism to Control Call-Drop to be Explored Nation-Wide Mobile Portability by July FDI in Telecom Reaches Highest in Four Year Wi-Fi Hotspots at all Major Tourist Places -Taj to be Inaugurated Shortly Following is the opening statement of Sh. Ravi Shankar Prasad, Minister of Communication &...

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Posted Under: Corporate Law |

Indian join pool of 60 Countries for Automatic Exchange of Financial Account Information

India joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on 3rd June, 2015, in Paris, France, alongwith Australia, Canada, Costa Rica, Indonesia and New Zealand. On our behalf, the Declaration to comply with the provisions of the MCAA was signed by H.E. Mr. Mohan Kumar, Ambassador ...

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Posted Under: Corporate Law |

Minimum Import Price on import of Arecanuts increased to ₹ 162/- per kg.

On account of unabetting import of areca nut from neighbouring countries originating from countries such as Indonesia and Myanmar taking the advantage of low import duty provided under SAFTA and consequent representations from various stakeholders, the Department of Commerce has decided to increase the Minimum Import Price (MIP) on import...

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Posted Under: Corporate Law |

Revision in investment limit for cases requiring prior approval of FIPB/ CCEA

Press Note No. 6 (2015 Series) 03/06/2015

Press Note No. 6 (2015 Series) The Government of India has reviewed the position in this regard and decided to revise the investment limit for cases requiring prior approval of the Foreign Investment Promotion Board (FIPB)/ Cabinet Committee on Economic Affairs (CCEA)....

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Amendment in definition of NRI & investment rules under FDI Policy

Press Note No. 7 (2015 Series) 03/06/2015

The Government of India has reviewed the FDI policy relating to investments by Non. Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). It has been decided to amend the definition of Non Resident Indian as contained in the FDI policy, and also to provide that for the purposes of FDI policy, inve...

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Trade in Border Haats across the border of Tripura between India and Bangladesh

Public Notice No. 15/2015-2020 (RE-2015) 03/06/2015

It operationalises the provisions of Memorandum of Understanding dated 23.10.2010 between India and Bangladesh by facilitating border trade between the two through two new border Haats at Kamalasagar, Tripura on the Indian side and Tarapur Kasba on Bangladesh side....

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Life Insurance Policy as Tax Saving Instrument

If you are young, single, with no dependants, you have all the time to think about tax planning and related investments that help do so. Banks and financial advisors might have already started approaching you with their tax saving ideas. Basically, you have ample opportunities to gear your investment portfolio on the right track....

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Regarding Inauguration of border haat at Kamalasagar Tripura by PM

Notification No. 50/2015-Customs (N.T.) 03/06/2015

NOTIFICATION NO. 50/2015-CUS(N.T.), Dated: June 03, 2015 S.O. 1462(E).- In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in th...

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Tax Planning for Salaried and Individual People

The general perception when it comes to salaried employees is that there isn't much scope for saving tax. But that isn't true. In fact there are many avenues under the head Income from Salary in which tax savings are possible....

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Clarification on rate of service tax on restaurant service

Circular No. 184/3/2015-Service Tax 03/06/2015

Circular No. 184/3/2015-ST Dated the 3rd June, 2015 It is further clarified that exemption from service tax still continues to services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, other than those having the facility of air-conditioning or central air-heating in any part of the establishme...

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