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Archive: 05 May 2017

Posts in 05 May 2017

RBI Circular on Timelines for Stressed Assets Resolution

May 5, 2017 1068 Views 0 comment Print

Please refer to the circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)” and subsequent circulars/amendments in this regard.

Govt notifies Courts for trial of cases under PMLA in Telangana

May 5, 2017 2349 Views 0 comment Print

S.O. 1420(E).-In exercise of the powers conferred by sub-section (1) of Section 43 of the Prevention of Money-laundering Act, 2002 (15 of 2003) and in consultation with the Chief Justice of the concerned High Court, the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 372(E), dated the 5th February, 2016, namely

SC dismisses Essar Appeal: Essar to pay Rs. 1038 cr as Power Duty

May 5, 2017 1212 Views 0 comment Print

Another reason given by the High Court was that no application was made within 180 days of application of the notification dated 27.02.1992 or even from the dateof installation of generating sets i.e.August 1995. Even if the second reason given by the High Court is ignored, non­fulfillment of condition no.(a) of notification dated 27.02.1992 clearly entailed rejection of claim under notification dated 27.02.1992.There is no foundation or basis laid down even in this appeal to assail the finding recorded by the High Court that generating set was not purchased from 01.01.1991 to 31.12.1992.

Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) (First Amendment) Regulations, 2017

May 5, 2017 6336 Views 0 comment Print

In exercise of the powers conferred by Sections 42D, 42E, 64UM and 11 4A of the Insurance Act, 1938 read with 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), the Authority, in consultation with the Insurance Advisory Committee, hereby makes the following amendments to Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015, namely:

Amicus Curiae reports wealth mismanagement in Sri Padmanabhaswamy Temple

May 5, 2017 1695 Views 0 comment Print

It has been noticed and found by the Amicus Curiae as well as the Special Audit Authority led by Shri Vinod Rai that Gold, Silver and other valuable artefacts and jewels of the Shri Padmanabhaswamy Temple have gone missing over the years.

Hike Senior Citizen’s Pension to Rs 2000 P.M.: Amicus Curiae

May 5, 2017 1731 Views 0 comment Print

In 2013 we had recommended to the Parliamentary Committee of the Social Justice and Empowerment Ministry chaired by Mr Hemanand Biswal the amount of 1000 Rs ( which is recorded in the report). In 2017 with inflation and consequent indexing it wall be Rs 2000/- which is half the minimum working wage as prescribed by Government of India.

Tax Deducted at Source (TDS) under Goods and Service Tax

May 5, 2017 14037 Views 0 comment Print

In addition, as per GST law, certain categories of registered persons will be required to deduct taxes while making payments to supplier i.e TDS and deposit it with government. Let’s try to understand TDS related procedures under the revised law.

6 Things You should know before availing a Personal Loan

May 5, 2017 18342 Views 0 comment Print

Are you dreaming of owning a new car? Or perhaps you are in need of some extra money for your wedding? A personal loan is the exact solution to meet all your financial needs.

8 States passes State GST Act in less than one month

May 5, 2017 1782 Views 0 comment Print

Eight States have passed the State Goods and Services Tax (SGST) Act in their respective State Assembly in less than a month’s time.

Principal Market Vs. Most Advantageous Market? – Fair Value

May 5, 2017 13689 Views 1 comment Print

Fair Values are being used as one of the measurement requirements to recognize certain transactions/ Assets/ Liabilities as required by respective Accounting Standards (i.e. Ind-As).

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