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Key Features of Cabinet approved National Steel Policy 2017

May 4, 2017 2385 Views 0 comment Print

The new Steel Policy enshrines the long term vision of the Government to give impetus to the steel sector. It seeks to enhance domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry.

IBBI constitutes Committee to lay down Technical Standards

May 4, 2017 930 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee to lay down Technical Standards for the performance of core services and other services under IBBI (Information Utilities) Regulations, 2017

Cabinet approves modifications in 7th CPC pay & pension benefits

May 4, 2017 1560 Views 0 comment Print

Union Cabinet chaired by Prime Minister Shri Narendra Modi approved important proposals relating to modifications in 7th CPC (Central Pay Commission) recommendations on pay and pensionary benefits in course of their implementation.

Section 40(a)(ia) paid vs payable controversy settled by SC

May 4, 2017 4959 Views 1 comment Print

Section 40(a)(ia) covers not only those cases where the amount is payable but also when it is paid. In this behalf, one has to keep in mind the purpose with which Section 40 was enacted and that has already been noted above.

Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2017

May 4, 2017 3351 Views 0 comment Print

(1) This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2017. (2) It shall come into effect from the date of its publication in the Official Gazette.

Amendment in rule for Disbursement of pension and other benefits

May 4, 2017 1116 Views 0 comment Print

Disbursement of pension and other benefits.- (1) The Commissioner shall, with the approval of the Central Board, enter into arrangement for the disbursement of pension and other benefits under this Scheme with disbursing agencies like post office or nationalised banks or Treasuries or scheduled commercial banks including regional rural banks or co-operative banks through electronic or digital funds transfer system.

Employees’ Provident Funds (Sixth Amendment) Scheme, 2017

May 4, 2017 3768 Views 0 comment Print

The payment may be made to the person, to whom payment is to be made, through electronic or digital funds transfer system of any Scheduled commercial bank or any post office

Tax Exemption on ‘Pradhan Mantri Vaya Vandana Yojana’ Services

May 4, 2017 41490 Views 14 comments Print

Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to exempt life insurance services under ‘Pradhan Mantri Vaya Vandana Yojana’.

Customs Rate of foreign currency exchange WEF 5th May, 2017

May 4, 2017 4098 Views 2 comments Print

Customs Rate of exchange of conversion of the foreign currency with effect from 5th May, 2017 as notified by CBEC vide Notification No. 43/2017 – Customs (N.T.) dated the 4th May, 2017

President Assents Taxation Laws (Amendment) Act, 2017

May 4, 2017 20196 Views 0 comment Print

Taxation Laws (Amendment) Act, 2017 been assented by President to amend Customs Act, 1962, Customs Tariff Act, 1975, Central Excise Act, 1944, Central Sales Tax Act, 1956, Finance Act, 2001 and Finance Act, 2005 and to repeal certain enactments.

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