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Provide Info on Demonetization under RTI: CIC to Dept of Posts

May 18, 2017 1545 Views 0 comment Print

The CIC, in the case of Ramswaroop Vs PIO, Department of Posts, has directed the authority concerned to provide information regarding the number of currency notes exchanged during the demonetization period to the petitioner since demonetization had a huge impact on the everyday life of every citizen of the nation.

Partial Credit Enhancement to Corporate Bonds- Credit Rating

May 18, 2017 831 Views 0 comment Print

a) To be eligible for PCE from banks, corporate bonds shall be rated by a minimum of two external credit rating agencies at all times; b) The rating reports, both initial and subsequent, shall disclose both standalone credit rating (i.e., rating without taking into account the effect of PCE) as well as the enhanced credit rating (taking into account the effect of PCE).

Cabinet approves Measures to Prevent Base Erosion & Profit Shifting by India

May 17, 2017 1326 Views 0 comment Print

Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India

Cabinet approves Pan-India implementation of Maternity Benefit Program

May 17, 2017 1215 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to Pan-India implementation of Maternity Benefit Program which now has been extended to all districts of the country w.e.f. 01.01.2017. The Prime Minister in his address to the nation on 31.12.2016 had announced Pan-India implementation of Maternity Benefit Program.

Cabinet approves Law to evict unauthorised occupants from Govt residences

May 17, 2017 861 Views 0 comment Print

Cabinet approves amendment of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971 to enable summary eviction proceedings in Residential Accommodation

Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters

May 17, 2017 621 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratifying, an Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters.

Comply with norms related to transfer of proceedings from HCs to NCLT before 14.06.2017

May 17, 2017 1392 Views 0 comment Print

The time for compliance of rule 5 of the Companies (Transfer of Proceedings) Rules, 2016 has been extended to six months from 15th December 2016 vide Notification No. GSR 175(E) dated 28th February, 2017 to six months from 15th December 2016.

SCOMET Export permission for ‘Stock & Sale’ purposes

May 17, 2017 1980 Views 0 comment Print

The provision of SCOMET export authorization for Stock and Sale has been clarified and the procedure to be followed when seeking permission for re-export/retransfer of SCOMET items by the stockist entity to the ultimate end-user has been framed.

Key Initiatives of Department of Expenditure in last three years

May 17, 2017 1890 Views 0 comment Print

Department of Expenditure, Ministry of Finance takes Key Initiatives in the last three years. General Financial Rules 2017 released; Central Sector and Centrally Sponsored Schemes rationalized

SC Upheld validity of MVAT (Levy, Amendment and Validation) Act, 2009

May 17, 2017 3192 Views 0 comment Print

SC upheld constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the Maharashtra Value Added Tax Act, 2002 (MVAT Act) with retrospective effect from April 01, 2005.

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