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Archive: November, 2016

Posts in November, 2016

Payment Banks in India

November 28, 2016 4996 Views 1 comment Print

Payment banks (PB) are being introduced to offer basic banking operations like opening and maintaining a savings/current account and creating a secured technologically advanced remittance services by migrant workforce, low income households, small businesses etc.

PM’s ‘Mann Ki Baat’ address on All India Radio on 27.11.2016

November 27, 2016 2278 Views 0 comment Print

When I asked people for suggestions for ‘Mann ki Baat’, I can say that almost all the suggestions that were received echoed one theme. Everyone wanted me to speak in more detail about the 500 & 1000 rupee notes.

GST movie coming soon!!! But Advance booking started

November 27, 2016 3277 Views 2 comments Print

GST provisional registrations has now started. The work of GST has come to a standstill in parliament due to discussion about old notes. Then why did GST provisional registrations get started now. For whom is it and how is it to be done?

Make in India ‘Automotive Sector’- Achievement Report

November 27, 2016 3319 Views 0 comment Print

The automotive industry in India has been on a growth trajectory with impressive spikes in sales, production, and exports over the last two years. With an average production of around 24 million vehicles annually and employer of over 29 million people (direct and indirect employment), the automotive sector in India is one of the largest in the world.

Make in India ‘Telecommunication Sector’- Achievement Report

November 27, 2016 2155 Views 0 comment Print

The Indian telecommunications sector shaped by consumer demand, innovation and competitive forces offers tremendous growth opportunities. With the second largest subscriber base in the world with 1.06 billon connections (including fixed phone lines), the telecom industry is booming.

Make in India ‘Textile & Apparel’ Sector’- Achievement Report

November 27, 2016 1432 Views 0 comment Print

The Indian textile industry exhibits rich cultural heritage of India with wide variety of fabrics, techniques and hues that reflect the diverse set of people and traditions across the country. One of the oldest industries in India, it covers an extensive spectrum of segments, from hand woven/hand-spun, unorganized segment on one end to capital

Chest Guarantee Scheme for SBN Deposits at District Level – Guidelines

November 27, 2016 1729 Views 0 comment Print

It has now been decided to introduce a new scheme for depositing SBNs with designated currency chest at the district level, under guarantee agreement similar to the current facility available at RBI offices.

GST Compensation Cess: A New Levy in GST framework

November 27, 2016 63238 Views 8 comments Print

There will be a new cess with the name “GST Compensation Cess” for first 5 years on some specified items. Now since government has come out with relevant draft law on this 26th day of November, 2016, let’s understand this new levy of cess.

GST Transitional Provisions and Recommended Actions

November 27, 2016 4240 Views 3 comments Print

REGISTRATION: Application for provisional registration (valid for 6 months) within the scheduled dates, Application for registration and furnishing the information for permanent registration, Grant of Permanent Registration,

Journey of Excellence

November 27, 2016 2467 Views 1 comment Print

For chartered accountants, the oceanic restructuring of laws and regulations – GST, IFRS, IND-AS, Company’s Act, etc – are new challenges.

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