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Merchant Discount Rates (MDR) structure – unbundling of charges

September 1, 2016 1402 Views 0 comment Print

It has been brought to our notice that in many instances charges for merchants are bundled and a composite fee is levied on merchants irrespective of the type of card used. This practice hinders adherence to the extant regulatory mandate

Provide Free Annual Credit Report to Individuals: RBI

September 1, 2016 2350 Views 0 comment Print

Given the importance of the credit report in an individual’s financial matters, he/she is entitled to have a copy of the report upon request. Further, the objective of providing the free credit report would not be fully met unless this report includes details that figure in the full credit report that is accessed by the credit institutions while considering the request for fresh credit facilities.

No enquiry of document relating to IDS, 2016 during Search

September 1, 2016 1918 Views 0 comment Print

It is clarified that wherever in the course of search under section 132 or survey operation under section 133A of Income-tax Act, 1961, any document is found as a proof for having already filed a declaration under the Income Declaration Scheme (IDS), 2016, including acknowledgement issued by the Income-tax Department for having filed a declaration, no enquiry would be made by the Income-tax Department

NBFC-Systemically Important Non-Deposit & Deposit taking Company (Reserve Bank) Directions 2016

September 1, 2016 2758 Views 0 comment Print

Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016- Updated as on February 17, 2020

Rate of exchange of conversion of foreign currency WEF 02.09.2016

September 1, 2016 1777 Views 0 comment Print

CBEC determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 02nd September, 2016,

Govt notifies Technical Advisory Committee under Child Labour Prohibition Law

September 1, 2016 1252 Views 0 comment Print

In exercise of the powers conferred by section 5 of the Child Labour (Prohibition and Regulation) Act, 1986 (61 of 1986) read with rule 3 of the Child Labour (Prohibition and Regulation) Rules, 1988, the Central Government hereby constitutes an advisory committee to be called the Technical Advisory Committee consisting of the

Why does Facebook want your whatsapp profile

September 1, 2016 10888 Views 0 comment Print

Few days ago I posted an article on what does google know about you. Same day WhatsApp notified a new update on my phone… That said it wants permission to share my data with Facebook. That too with a claim that will help them serve us better!! Really??? We all are aware that Facebook owned […]

Govt notifies draft Proposal to revise minimum rates of wages

September 1, 2016 2299 Views 0 comment Print

Central Government after consulting the Advisory Board hereby makes a draft proposal to revise the rates of wages as specified in the Table as mentioned hereinafter in the draft proposal for fixing the minimum piece-rate wages and minimum guaranteed time-rate wages per day for employee engaged in the stone mines in the whole of India

Sunset Review of Anti-dumping Duty on imports of Para Nitro Aniline from China

September 1, 2016 970 Views 0 comment Print

The product under consideration in the present investigation is Para Nitro Aniline. Para nitro aniline is classified under Customs sub heading No 29214226 under chapter 29 of the Customs Tariff Act, 1975. However, customs classification is indicative in nature and not binding on the scope of the investigation.

Streamlining Process of NOC & PCC in case of Foreign Shipping Companies

August 31, 2016 1939 Views 0 comment Print

The Central Board of Direct Taxes has issued a Circular bearing number 30/2016 on 26th August, 2016 for the purpose of streamlining the process of issue of No Objection Certificate (NOC), Port Clearance Certificate (PCC), Voyage Return and Voyage Assessment in case of Foreign Shipping Companies (FSCs).

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