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Archive: 01 December 2016

Posts in 01 December 2016

Reduction in Coupon Rate on 54EC Bonds from 6% P.A. to 5.25% P.A.

December 1, 2016 817 Views 0 comment Print

Application Money to be credited in NHAI’s Collection Accounts on or after 1st December 2016 will be 5.2 5% P.A. till maturity of bonds

Customs Rate of exchange of foreign currency WEF 02.12.2016

December 1, 2016 859 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.138/2016-CUSTOMS (N.T.), dated 17th November, 2016, except as respects things done or omitted to be done before such supersession

Encouraging usage of Debit Cards among Government employees

December 1, 2016 682 Views 0 comment Print

In the recent years advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number of small denomination transactions to be handled smoothly in electronic mode. The Government of India has taken policy decisions encouraging cashless/electronic transactions.

Demonetisation- Rely on official Notification instead of Social Media

December 1, 2016 601 Views 0 comment Print

It has been reported that certain guidelines/instructions purported to be issued by the Reserve Bank are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/bank personnel.

A bird’s eye view on Taxation Laws (Second Amendment) Bill, 2016

December 1, 2016 4654 Views 4 comments Print

To bring more clarity and to capture the possible concealing black money, The Taxation Laws (Second Amendment) Bill, 2016 (‘the Bill’) has been introduced in the Parliament to amend the provisions of the Act to ensure that defaulting assessees are subjected to tax at a higher rate and stringent penalty provision.

S.10(46) Income of Maharashtra Electricity Regulatory Commission notified

December 1, 2016 526 Views 0 comment Print

Central Government hereby notifies for Section 10(46) Maharashtra Electricity Regulatory Commission, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission

RBI issues final guidelines on Large Exposure Framework (LEF)

December 1, 2016 2017 Views 0 comment Print

A bank’s exposures to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties.

Taxation & Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016

December 1, 2016 4831 Views 0 comment Print

1. Any person may make a declaration in respect of any income, in the form of cash or deposit in an account maintained by the person with specified entityon or before 01.04.2017.

CMA : Cost Benefits Activity Analysis Part I : Demonetization

December 1, 2016 1696 Views 1 comment Print

Prime Minister Narendra Modi has boldly taken strong steps of Demonetization for unearth undesired Black Money. Naturally, those who are effected chunk who are holding huge cash will attempt all their means to get rid of them.

CBEC withdraws CVD exemption on gold coins & gold findings

December 1, 2016 739 Views 0 comment Print

Seeks to further amend notification No. 12/2012-Customs dated 17th March, 2012, so as to withdraw CVD exemption on gold coins having gold content not below 99.5%, and gold findings.

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