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Revision in Premium Rates for Motor Third Party Insurance Covers

March 3, 2017 5463 Views 0 comment Print

For the financial year 2017-18, the Third Party insurance premiums rates for various categories of vehicles have been arrived at as follows:

GP on unaccounted Sales cannot be less than that of Accounted Sales

March 3, 2017 4440 Views 0 comment Print

We note that GP rate on the accounted sales estimated by the assessee himself stands at 07.29%. We thus fail to understand as to how the GP for the unaccounted sale should be so lower at 03.56% which is less than half of the GP rate declared by the assessee himself on accounted sales.

EPFO introduces Pension claim Form (Aadhaar)

March 3, 2017 4263 Views 0 comment Print

members and pensioners of the Employees’ Pension Scheme desirous of continuing to avail pension and membership to the Employees’ pension Scheme by availing the Central Government’s contribution and subsidy under the said Scheme, are required to furnish proof of the possession of the Aadhaar number or undergo Aadhaar authentication for better and hassle free identification through Aadhaar.

Guidelines on Claim processing for Group Insurance Policies

March 3, 2017 2619 Views 0 comment Print

The Authority issued Guidelines on Claim Processing for Group Life Insurance Policies under Lender Borrower Schemes vide cir ref: IRDA/Life/Cir/GDL/285/12/2014 dated 29/12/2014 which provided that insurers may settle the outstanding loan amounts to certain categories of Master Policyholders prescribing therein the procedure to be adopted.

HDFC clarification on Charges for Cash Withdrawals

March 3, 2017 4767 Views 1 comment Print

HDFC BANK IMPORTANT NOTICE REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are being revised as follows: Sr. No Charge Type Revised charges 1 Number of Cash transactions(Cumulative of Deposit and Withdrawal) 4 free cash transactions per […]

Pradhan Mantri Kaushal Vikas Yojana: A Perspective

March 3, 2017 2076 Views 0 comment Print

Every year more than 13 million Indians enter the working age. The country has an annual training capacity of 3 million on adding up all the training and educational capacities in ITI s, polytechnics, graduate colleges, professional colleges etc.

Protecting Language Diversity in India

March 3, 2017 1491 Views 0 comment Print

In recent years the language diversity is under threat as speakers of diverse languages are becoming rare and major languages are adopted after abandoning the mother tongues. The problem needs to be addressed at societal level, in which the communities have to take part in conservation of language diversity that is part of cultural wealth.

India firm to ensure equity on World Social Justice Day

March 3, 2017 501 Views 0 comment Print

The time has come to move the developmental discourse beyond the current discussion of outcomes of opportunities and ensure a framework for free environment of opportunities and coherent redistributive policies that would make the global society equitable.

ISRO makes history by placing 104 satellites in space in single mission

March 3, 2017 591 Views 0 comment Print

Professor Johnson-Freese says, recognition of the multifaceted benefits from space exploration and space technology dates back to the Apollo program. He said, Asian countries have been following that model and seeking those benefits ever since. To date India has launched 79 satellites from 21 countries, including satellites from big companies like Google and Airbus. According to Government figures, India earned at least 157 million dollars from these launches, he said.

Government e-Marketplace Procurement Made Smart

March 3, 2017 894 Views 0 comment Print

If pursued to its logical conclusion, GeM would eventually emerge as the National Public Procurement Portal, keeping in tune with the Global best practices; most of the OECD countries, like USA, South Korea, UK, Singapore etc, have a single NPPP and as a result annual savings of billions of dollars are made in public procurement, besides giving a fillip to the domestic industry.

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