The re-organisation of field formations and Directorates of CBEC in the GST regime which is likely to be rolled out from 1st July, 2017. as approved by the Government, has since been communicated to you by the HRM Wing of the Directorate. The approved Re-organisation is also available on the CBEC website www.cbec.gov.in and DGHRD website www.dghrdcbec.gov.in
Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched.
The Government has approved Rs. 2,256 crore outlay for Project Saksham to bolster the information technology network for the new GST regime. Project Saksham is the name given to CBEC’s IT Infrastructure Project.
Central Board of Direct Taxes (CBDT) has entered into 9 Advance Pricing Agreements (APAs) during the last two days of the current financial year. All the 9 Agreements entered into are Unilateral APAs.
Jio has extended the deadline for purchasing Jio’s Rs 303 (and other) plans till 15th April. This extension will provide the necessary breathing room for users to avoid service disruption during the transition from free to paid services.
GST Bills–CGST, IGST, UTGST and Compensation to States, introduced in Lok Sabha on 27.03.2017 and passed by Lok Sabha on 29.03.2017. The following are key features of the Bills
Insolvency and Bankruptcy Board of India notified Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. The Regulations provide for a framework for registration and regulation of information utilities.
Empanelment of the following officers for promotion to the grade of Chief Commissioner of Income Tax in the pay scale of Rs.75500-80000/- (pre-revised) for the panel year 2016-17 e.f. the date of assumption of the charge of the post and until further orders:
In connection with developing the market for rupee denominated bonds overseas, RBI decides to permit banks to issue Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital and debt capital instruments qualifying for inclusion as Tier 2 capital, by way of rupee denominated bonds overseas.
Reserve Bank of India (RBI) has informed that 18 Offices of Banking Ombudsmen situated across India, receive complaints with regard to Loans and Advances.
