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Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
Various taxes relating to real estate should be rationalised for affordable housing projects in order to tackle the rapid pace of urbanisation in the Indian cities, according to a survey conducted by accountancy firm Grant Thornton and CII. In view of the phenomenal pace of urbanisation, residential real estate ought to be made affordable to accommodate the ever-increasing immigration into our urban centres, Grant Thornton India National Managing Partner Vishesh C Chandiok said in a statement.
Trade Notice No. 10 – Reference is invited to Trade No.9 dated 13.5.2011 on the above subject. The Second Meeting of the ‘Committee to review the Scheme of the deemed export’ was held on 3rd June, 2011. The Committee in this meeting has decided to seek the views of all stakeholders by giving them another opportunity of submitting suggestions in 15 days. Thus, those interested in sending their suggestions may do so by sending an e-mail to vkgupta99@nic.in with a copy to lb.singhal@nic.in within 15 days from the date of this Trade Notice. It would be appreciated if contact details are also mentioned in the e-mail.
The government today said it had extended the popular exports scheme – DEPB – for three more months till September. The DEPB scheme was due to end on June 30. ‘…We have extended Duty Entitlement Pass Book (DEPB) till September,’ Finance Secretary Sunil Mitra said on the sidelines of a seminar organised by Ministry of Finance and OECD.
The Minister of Commerce & Industry, Government of India Mr. Anand Sharma Mr. Anand Sharma urged the member states of SAARC to bring down all the protectionist trade barriers to achieve regional economies of scale at a much greater pace. While emphasizing that the serious attempts being made to reduce the sensitive list under the trade liberalization program of SAFTA, should be encouraged, the Indian minister also said the focus should also be to bring down the tariff levels for those items which still remain within the sensitive list. The Minister was speaking at the Fifth Meeting of the SAFTA Ministerial Council in Male’ today.
Ministry of Railways have decided that the Income Certificate issued by Members of Legislative Assemblies (MLAs) of various States and Union Territories will also be accepted for issue of “Izzat’ monthly Season Tickets (MSTs) for the benefit of persons working in unorganized sectors. This provision will be effective from 1st July, 2011. This facility will be in addition to the five kinds of certificates already permitted under the ‘Izzat’ Scheme.
Millions of people suffer from discrimination in the world of work which not only violates a basic human right but has wider social and economic consequences. Discrimination stifles opportunities wasting the human talent needed for economic progress and accentuates social tensions and inequalities. Combating discrimination is an essential part of promoting Decent Work, and success on this front is felt well beyond the workplace.” Shri Prabhat C. Chaturvedi, Secretary, Ministry of Labour and Employment said this while speaking at the 100th session of the International Labour Conference on Friday 10th June, 2011at Geneva.
The meeting of the Consultative Committee attached to the Ministry of Communications and Information Technology was held here today to discuss the Mail Network Optimization Project of Department of Posts. In his opening remarks Shri Kapil Sibal, Minister for Communications and Information Technology said that Department of Posts decided to revamp mail operations in line with the international best practices and include a project in the 11th Five Year Plan for consolidation and optimization of the existing mail network. The completion of project would result in improved mail related services to the public.
Associated Chambers of Commerce (ASSOCHAM) today said innovative mobile payment system which has mass appeal is required for non-cash payment modes. ,The need of the hour is to develop an innovative mobile payment system which is customised to the Indian ecosystem requirements and has a mass appeal,’ ASSOCHAM Communications Convergence Committee Chairman T V Ramachandran said.
Hon’ble Speaker, Lok Sabha has referred ‘The Mines (Amendment) Bill, 2011’ as introduced in Rajya Sabha to the Standing Committee on Labour for examination and Report. Considering the wider implications of the proposed amendment and the deeper concern of safety and security of mine workers, the Standing Committee on Labour under the Chairmanship of Shri Hemanand Biswal, MP have decided to invite suggestions/comments/views from the public in general and from stakeholders like employees’/employers group, State Governments/Union Territory administration etc. in particular.
The Chamber of Small Industry Associations (COSIA) has requested the Centre to extend the the Duty Entitled Pass Book (DEPB), a tax refund scheme for exporters, by another three years. The renewal of the DEPB was absolutely essential to meet the export target, M R Khambete, President of the city- headquartered COSIA, said in a release here.
