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Archive: 21 December 2016

Posts in 21 December 2016

Cash deposit in excess of Rs. 5000- RBI removes restrictions

December 21, 2016 2902 Views 0 comment Print

RBI has removed following conditions on deposit of cash in demonetised Old Notes of Rs. 500 and Rs. 1000 in bank account, which has been put by its Circular dated 19.12.2016

Working Group to implement Article 1 of Trade Facilitation Agreement

December 21, 2016 580 Views 0 comment Print

Prepare a ready reckoner in the form of a matrix listing all the existing Rules and Regulations and Circulars corresponding to each Section of the Act. Give suggestions on cross- referencing the sections of the Customs Act with Rules, Regulations, Notifications and Circulars issued by the Board.

Falling interest rates and plight of senior citizens

December 21, 2016 4486 Views 2 comments Print

Before the previous last RBI meet,  there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after a demonstration.  That RBI maintaining status quo on repo rates at 6.25% is a negative thing for most people but senior citizens in India. Citing increased liquidity available and […]

Anti-dumping duty on imports of Soda Ash from Russia and Turkey to continue

December 21, 2016 1324 Views 0 comment Print

Anti-dumping duty under notification No.08/2013-Customs (ADD) dated 18.04.2013 [imposing anti-dumping duty on the imports of Soda Ash, originating in or exported from Russia and Turkey] will continue to be levied till the final decision of the Honble High Court of Gujarat in the matter.

Anti-dumping duty on imports of Soda Ash from China PR, EU, Kenya, Pakistan, Iran, Ukraine and USA to continue

December 21, 2016 1249 Views 0 comment Print

Notification No. 55/2016-Customs (ADD) – Anti-dumping duty on the imports of Soda Ash, originating in or exported from China PR, EU, Kenya, Pakistan, Iran, Ukraine and USA will continue to be levied till the final decision of the Honble High Court of Gujarat in the matter.

Govt to give discount on fees for USSD transactions above Rs. 1000

December 21, 2016 1114 Views 0 comment Print

For Unstructured Supplementary Service Data (USSD) transactions above Rs. 1000/-, a further discount of Fifty (50) Paise on these rates shall apply.

Post demonetisation banks issued banknotes worth Rs. 5,92,613 crore

December 21, 2016 1615 Views 0 comment Print

Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth ₹ 5,92,613 crore have been issued to public either over the counter or through ATMs.

How to fill Form 1- Pradhan Mantri Garib Kalyan Yojana, 2016

December 21, 2016 10009 Views 1 comment Print

As per the Notification No. 116/2016, the Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016, is a declaration u/s 199C of the Finance Act, 2016, in respect of the Taxation and Investment Regime for PMGKY. There are two forms, Form 1 & Form 2.

Last date for compliance of CPE Hours extended to 31.01.2017

December 21, 2016 3802 Views 0 comment Print

Last date for compliance of CPE Hours requirement for the year 2016 has been extended from 31st Dec 2016 to 31st Jan 2017.

Election commission delisted 255 political parties; Issued letter to CBDT

December 21, 2016 8365 Views 1 comment Print

Election commission issues list of delisted political parties during February, 2016 to 13th December, 2016 under Section 29A of RP Act, 1951

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