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Your Life is Priceless, Really…? When we say Our life is Priceless, Do we really mean it? But for our loved ones it is Truly Priceless. A few days ago I was at a bank for some work and while I was waiting for my turn, a lady in her mid twenties came up to the […]...
Read MoreYour estate is the combination of everything you own — your home and other real estate, current and savings accounts, investments, life insurance, car, furniture, personal possessions and so on. Estate planning fulfills your wishes by making a detailed plan of the division of your estate in advance (who, what, when, how and how much), a...
Read MoreAre you thinking of a trip to Vegas or a fairy-tale wedding of your daughter? A personal loan can be of great help to meet all your financial needs so that you fulfil all your desires. Personal loans are one of the most popular financial products. Personal Loans are considered to be the best alternative for eliminating cash crunches and m...
Read MoreA stark increase in the number of vehicles on the road and people not following the traffic rules can lead to traffic jams and road accidents. Therefore, in this day and age, it is always better to stay prepared for the unexpected. Whether it is your fault or someone else’s, an accident can lead to […]...
Read MorePeople think they don't need to do any kind of estate planning. However, a thorough estate planning expresses the decedent's intentions to whom he or she wishes to pass money and property after his or her demise. This legacy was kept intact by the Jain family by forming Trusts. Perhaps the most powerful and straightforward way to use a tr...
Read MoreBudget Session 2018 of Parliament concludes The Budget Session, 2018 of Parliament which commenced on Monday, 29th January, 2018 has been adjourned sine die today i.e. Friday, the 6th April, 2018. In between both parts of the session, both Houses also adjourned for recess for a period of 23 days on Friday, the 9th February, […]...
Read MoreThe revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:...
Read MoreThe Indian economy is set to revert to its trend growth rate of 7.5 percent in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a new World Bank report says....
Read MoreTHE FUGITIVE ECONOMIC OFFENDERS BILL, 2018 A Bill to provide for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts, to preserve the sanctity of the rule of law in India and for matters connected therewith or incidental thereto....
Read MoreAt present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens’ Savings Scheme....
Read MoreAssociation of Unified Telecom Service Providers of India Versus Union of India & Others (Delhi High Court) - The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India...
Read MoreUjjal Kumar Das & Anr. Vs State Bank of India & Ors. (Calcutta High Court) - Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002...
Read MoreV.K. Kaul Vs Adjudicating Officer, Securities & Exchange Board of India (Securities Appelate Tribunals Mumbai) - It is highly improbable to believe the statement of Mrs. Bala Kaul that she bought shares of the target company because of its intrinsic value and strong fundamentals. If that was so, it is not clear, what made her sell these shares on April 10, 2008, when Solrex was still in the process of investin...
Read MoreThiruvengada Pillai Vs. Navaneethammal & Anr. (Supreme Court of India) - The Indian Stamp Act, 1899, nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such ...
Read MoreShanmuga Patro Vs Ministry of Finance (Delhi High Court) - Division Benches of this Court in Bhagwat Dayal Sharma Vs. UOI ILR (1974) Del 847 and Peoples Union for Democratic Rights Vs. Ministry of Home Affairs ILR (1987) Del 235 have held that where the power to do or not to do a thing is optional and discretionary and there is no statutory obligation, dire...
Read MoreF. No. 5(4)-B(PD)/2017 - (01/01/2017) - Deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds shall with effect from 1st January, 2018 to 31st March, 2018 bear interest at 7.6% (Seven point six per cent). This rates will be in force w.e.f. 1st January, 2018....
Read MoreS.O.3755(E) - (27/11/2017) - The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017. ...
Read MoreG.S.R. 1223(E) - (06/10/2017) - The Government has received representations from various Associations in the Gems and Jewellery sector with respect to certain incongruities in Notification No. 4/2017 dated 23rd August, 2017, wherein dealers in precious metals, precious stones and other high value goods were notified as person carr...
Read MoreThese rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred...
Read MoreNotification No. G.S.R. 1239(E) - (03/10/2017) - In the National Savings (Monthly Income Account) Rules, 1987, in rule 5, in sub-rule 1, for the words one thousand five hundred, the words one hundred shall be substituted....
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