"30 June 2016" Archive - Page 2

Temporarily suspension of operations in ‘ACU Euro’ wef 01.07.2016

RBI/2015-16/441 A.P. (DIR Series) Circular No. 81 30/06/2016

As the payment channel for processing ‘ACU Euro’ transactions is under review, it has become necessary to temporarily suspend operations in ‘ACU Euro’ with effect from July 01, 2016. Accordingly, all eligible current account transactions including trade transactions in ‘Euro’ are permitted to be settled outside the ACU mechani...

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Notification No. 92/2016-Customs (N. T.) ,Dated: 30th June, 2016

Notification No. 92/2016-Customs (N. T.) 30/06/2016

The principal notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001 was last amended vide Notification No. 86/2016-Customs (N.T.), dated the 15th June, 2016 ...

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CBDT issues 3rd FAQs on Income Declaration Scheme, 2016

Circular No. 25 of 2016-Income Tax 30/06/2016

The circular inter alia provides clarifications on issues such as confidentiality of information disclosed in the declaration, allowability of TDS credit against declared income, enquiry in respect source of income and payment of tax and initiation of enquiry against third parties on the basis of information furnished in the declaration....

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Which is the best capital protection investment plan?

Protecting your capital, a BIG task, Isn’t it? You have your higher studies planned, EMI to take care of and a huge college fees for your children awaiting to empty your purse in couple of years. And, of course, unwanted emergencies like health issues and uncertainty at work which can lead to unexpected personal finance problems....

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Posted Under: Fema / RBI |

Improve skills to build fairer, more inclusive societies: OECD

Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which ...

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Posted Under: Fema / RBI |

Special Deposit Scheme to get interest of 8.10% for Q2 of 2016-17

F. No. 5(4)-B(PD)/2016 30/06/2016

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st July, 2016 to 30th September, 2016, bear inter...

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How India will be affected by BREXIT (Britain Exit)?

Aditi Bhavsar Bagul 1. The biggest drawback of the Leave Campaign is that they have not mapped out the future course of action. Markets across the world will tank. The pound will depreciate against most major economies. India cannot remain immune to this. Sensex and Nifty will tumble in the short-run. 2. The immediate fallout […]...

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Posted Under: Fema / RBI |

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