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Temporarily suspension of operations in ‘ACU Euro’ wef 01.07.2016

June 30, 2016 715 Views 0 comment Print

As the payment channel for processing ‘ACU Euro’ transactions is under review, it has become necessary to temporarily suspend operations in ‘ACU Euro’ with effect from July 01, 2016. Accordingly, all eligible current account transactions including trade transactions in ‘Euro’ are permitted to be settled outside the ACU mechanism until further notice.

Notification No. 92/2016-Customs (N. T.) ,Dated: 30th June, 2016

June 30, 2016 1096 Views 0 comment Print

The principal notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001 was last amended vide Notification No. 86/2016-Customs (N.T.), dated the 15th June, 2016

CBDT issues 3rd FAQs on Income Declaration Scheme, 2016

June 30, 2016 16462 Views 2 comments Print

The circular inter alia provides clarifications on issues such as confidentiality of information disclosed in the declaration, allowability of TDS credit against declared income, enquiry in respect source of income and payment of tax and initiation of enquiry against third parties on the basis of information furnished in the declaration.

Which is the best capital protection investment plan?

June 30, 2016 4651 Views 0 comment Print

Protecting your capital, a BIG task, Isn’t it? You have your higher studies planned, EMI to take care of and a huge college fees for your children awaiting to empty your purse in couple of years. And, of course, unwanted emergencies like health issues and uncertainty at work which can lead to unexpected personal finance problems.

Improve skills to build fairer, more inclusive societies: OECD

June 30, 2016 946 Views 0 comment Print

Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which stalls improvements in living standards, according to a new OECD report.

Special Deposit Scheme to get interest of 8.10% for Q2 of 2016-17

June 30, 2016 3226 Views 0 comment Print

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st July, 2016 to 30th September, 2016, bear interest at 8.1% (eight point seven per cent) per annum.

How India will be affected by BREXIT (Britain Exit)?

June 30, 2016 6295 Views 0 comment Print

Aditi Bhavsar Bagul 1. The biggest drawback of the Leave Campaign is that they have not mapped out the future course of action. Markets across the world will tank. The pound will depreciate against most major economies. India cannot remain immune to this. Sensex and Nifty will tumble in the short-run. 2. The immediate fallout […]

Clarification on Validity & Renewal of Registration under FCRA, 2010

June 29, 2016 1546 Views 0 comment Print

As notified vide order dated 29 March, 2016, the validity of the registration certificates of all associations whose registration certificates are expiring on or before 30th September, 2016 was extended upto 31st October, 2016. Time for applying for renewal of registration certificate of such applicants was also extended upto 30th June, 2016.

Highlights of recommendations of 7th Central Pay Commission

June 29, 2016 5554 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7th Central Pay Commission (CPC) on pay and pensionary benefits. It will come into effect from 01.01.2016.

Criteria for listing of matters before National Company Law Tribunal

June 29, 2016 2953 Views 0 comment Print

Consequent to the notification no. S.O. 1935 (E) dated 1.6.2016 issued by the Central Government, Ministry of Company Affairs following criteria has been laid down for listing of the matters before the National Company Law Tribunal, Principal Bench and National Company Law Tribunal, New Delhi Bench.

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