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Archive: November, 2021

Posts in November, 2021

The missing report for ‘competency’ in legal aid extended to Disha Ravi?

November 12, 2021 1323 Views 0 comment Print

The missing report for ‘competency’ in legal aid extended to Disha Ravi?- News Video by NDTV India questions the free legal aid of DSLSA/DLSAs as mere formality with a story of reasons having no clear answers “There is no client as scary as an innocent man.”  A request letter dated 28.02.2021 along with the copy […]

All you need to know about Employees’ Provident Fund (EPF)

November 12, 2021 96723 Views 6 comments Print

What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits. The current article covers the basics of EPF; eligibility criteria of EPF; EPF contribution and distribution thereof; EPF registration procedure for employer and relevant […]

What is TDS (Tax Deducted at Source)? TDS File, TDS Return & TDS Rates

November 12, 2021 33063 Views 2 comments Print

TDS – Tax Deduction at Source TDS is the abbreviation of Tax Deduction at Source. Basically, it is an income-tax which is deducted from the money paid at the time of making particular payments like salary; interest; rent; commission; professional fees etc. The present article clears up all the basic concepts of TDS. Person liable […]

What is PAN Card, uses, how to apply?

November 12, 2021 5139 Views 1 comment Print

PAN (Permanent Account Number) PAN is an abbreviation form of Permanent Account Number. It is a 10-digit unique number. An application in Form 49A is to be filed by an Indian citizen/ entity/ company, whereas, an application in Form 49AA is to be filed by a Foreign citizen/ entity/ company. The current article deals with […]

Reserve Bank – Integrated Ombudsman Scheme, 2021

November 12, 2021 22767 Views 2 comments Print

(1) This Scheme may be called the Reserve Bank – Integrated Ombudsman Scheme, 2021. (2) It shall come into force on such date as the Reserve Bank may specify. (3) It shall extend to the whole of India. (4) The Scheme shall apply to the services provided by a Regulated Entity in India to its customers under the provisions of the Reserve Bank of India Act, 1934, the Banking Regulation Act, 1949, and the Payment and Settlement Systems Act, 2007.

Trade must grow in a mutually beneficial & collaborative way- Shri Goyal

November 12, 2021 738 Views 0 comment Print

Global Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]

CBIC launches online digital application for scheduling of examination of cargo for traders

November 12, 2021 1077 Views 0 comment Print

CBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi ICD Tuglakabad’s initiative will improve logistics efficiency of industry by launching Customs clearance work on Sundays and all public holidays Customs at ICD Tuglakabad also inaugurates Baggage Scanner for non-intrusive examination of unaccompanied baggage/palletized import Cargo As a […]

RBI Integrates 3 Ombudsman schemes into Reserve Bank – Integrated Ombudsman Scheme, 2021

November 12, 2021 1374 Views 0 comment Print

All Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year;

Auction of Government Securities: Non-Competitive Bidding Facility to retail investors

November 12, 2021 2145 Views 0 comment Print

With a view to encouraging wider participation and retail holding of Government securities, retail investors are allowed participation on “non- competitive” basis in select auctions of dated Government of India (GoI) securities and Treasury Bills.

Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications

November 12, 2021 8469 Views 0 comment Print

The extant instructions on IRACP norms specify that an amount is to be treated as overdue if it is not paid on the due date fixed by the bank. It has been observed that due dates for repayments are sometimes not specifically mentioned in the loan agreements, and instead a description of due dates is mentioned, leaving scope for different interpretations.

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