finance minister

Special Cash Package Scheme In Lieu of LTC for Government Employees

Finance - 1. The Government vide office memorandum no. F.No. 12(2)/2020—EH(A) dated 12 October 2020 announced the Cash Voucher LTC (Leave Travel Scheme) scheme for Government employees. 2. What is LTC Scheme? The Leave Travel Scheme is assistance received by the employee from his employer for traveling on leave. The employee and family can visit ...

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43 Key Highlights of FM press conference dated 26.03.2020

Finance - 43 Key Highlights of Finance Minister Smt. Nirmala Sitharaman press conference dated 26.03.2020 1. Government to contribute 12% from the employee and employer side to the PF, for firms having less than 100 employees. Government will contribute 12% from the employer side and 12% from the employee side to PF accounts. This for those firms [...

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Important Update by Finance Minister on 24th March 2020

Finance - Some Big announcements made by Finance Minister for Compliance and taxation relief. Most awaited relief given. Have a look at it. COVID19 Relief Compliance and Regulation Related Announcements: Income Tax: Last date for Returns for FY 2018-19 extended to 30th June 2020 Delayed Payments made till 30th June – Interest Rate reduced fro...

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Analysis of Press Release Dt. 24/03/2020 of FM In View of Covid-19

Finance - Outcome of Press Release Dt. 24/03/2020. By FM Nirmala Sitharaman & MOS Anurag Thakur In View of Covid – 19. As it was the need of the hour the government has addressed statutory and compliance related issues & has made following changes, few of which has been addressed....

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30 Key Highlights of Announcements From FM on 24.03.2020

Finance - TOP 30 KEY HIGHLIGHTS OF ANNOUNCEMENTS FROM FM PRESS MEET DATED 24.03.2020 1. Invest India Business Immunity Platform launched to helping businesses withstand COVID-19 Invest India, India’s national Investment Promotion & Facilitation Agency, under the Ministry of Commerce and Industry has launched The Invest India Business Immunity...

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Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021

Finance - ECLGS 3.0 would involve extension of credit of upto 40% of total credit outstanding across all lending institutions as on 29.02.2020. The tenor of loans granted under ECLGS 3.0 shall be 6 years including moratorium period of 2 years....

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GST-related matters are not Ministry of Finance matters: FM

Finance - GST-related matters are not Ministry of Finance matters. They are the GST council matters in which all states’ Finance Ministers are members. Without the council’s clearance, no step is taken: Smt @nsitharaman in her reply to the debate on the Finance Bill, 2021 in Lok Sabha. GST-related matters are not Ministry of Finance mat...

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FM inaugurates Chennai Bench of NCLAT

Finance - Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode here today....

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FM reviews implementation of Aatma Nirbhar Bharat Package

Finance - Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs...

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Finance Minister unveils Doorstep Banking Services

Finance - Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE Banking Reforms Index....

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Assessee is entitled for depreciation on assets of a closed unit which are part of block of assets

Swati Synthetics Ltd. Vs. ITO (ITAT Mumbai) - The assets did not fall under any of the above exceptional three conditions. The said block of assets was used for the purpose of business during the year. Under the circumstances the assets of the said closed unit amounts to use for the purpose of business in the year under consideration ,...

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The National Commission For Allied And Healthcare Professions Act, 2021

No. 14 OF 2021 - (28/03/2021) - (1) This Act may be called the National Commission for Allied and Healthcare Professions Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification, appoint; and different dates may be appointed for different provisions of this Act and any reference in any pr...

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4th FAQs on LTC Cash Voucher Scheme

Notification No.12(2)/2020/E-II.A - (10/03/2021) - Whether the full and final settlement of the bills pertaining to LTC Cash Scheme is also to be ensured by 31st March, 2021, without any scope of spill over to the next financial year? As far as possible, the claims should be made and settled well before 31st March, 2021, Ministries/Departments may c...

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FM announces measures of Rs 73,000 crore to stimulate consumer spending

Release ID: 1663722 - (12/10/2020) - Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19. Cash payment and leave encashment in lieu of one LTC during 2018-21 according to entitlement. Special Festival Advance Scheme revived as a one-time measu...

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FM announces Stimulus to boost Demand in Economy: Highlights

(Release ID: 1663675 - (12/10/2020) - Under LTC Cash Voucher Scheme, the Government has decided to give cash payment to employees in lieu of one LTC during 2018-21, in which full payment on Leave encashment and tax-free payment of LTC fare in 3 flat-rate slabs depending on class of entitlement will be given....

Read More

LTC for Central Government Employees during Block 2018-21

F. No. 12(2)/2020-EII(A) - (12/10/2020) - It has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way of reimbursement, if an employee opts for this in lieu of one LTC in the Block of 2018-21 subject to the following conditions:-...

Read More

Recent Posts in "finance minister"

Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021

01/01/1970

ECLGS 3.0 would involve extension of credit of upto 40% of total credit outstanding across all lending institutions as on 29.02.2020. The tenor of loans granted under ECLGS 3.0 shall be 6 years including moratorium period of 2 years....

Read More
Posted Under: Company Law |

The National Commission For Allied And Healthcare Professions Act, 2021

No. 14 OF 2021 28/03/2021

(1) This Act may be called the National Commission for Allied and Healthcare Professions Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification, appoint; and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of this Act ...

Read More

GST-related matters are not Ministry of Finance matters: FM

01/01/1970

GST-related matters are not Ministry of Finance matters. They are the GST council matters in which all states’ Finance Ministers are members. Without the council’s clearance, no step is taken: Smt @nsitharaman in her reply to the debate on the Finance Bill, 2021 in Lok Sabha. GST-related matters are not Ministry of Finance mat...

Read More
Posted Under: Company Law |

4th FAQs on LTC Cash Voucher Scheme

Notification No.12(2)/2020/E-II.A 10/03/2021

Whether the full and final settlement of the bills pertaining to LTC Cash Scheme is also to be ensured by 31st March, 2021, without any scope of spill over to the next financial year? As far as possible, the claims should be made and settled well before 31st March, 2021, Ministries/Departments may consider settlement of only those claims/...

Read More

FM inaugurates Chennai Bench of NCLAT

01/01/1970

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCLAT) through virtual mode here today....

Read More
Posted Under: Company Law |

Special Cash Package Scheme In Lieu of LTC for Government Employees

01/01/1970

1. The Government vide office memorandum no. F.No. 12(2)/2020—EH(A) dated 12 October 2020 announced the Cash Voucher LTC (Leave Travel Scheme) scheme for Government employees. 2. What is LTC Scheme? The Leave Travel Scheme is assistance received by the employee from his employer for traveling on leave. The employee and family can visit ...

Read More
Posted Under: Company Law |

FM announces measures of Rs 73,000 crore to stimulate consumer spending

Release ID: 1663722 12/10/2020

Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19. Cash payment and leave encashment in lieu of one LTC during 2018-21 according to entitlement. Special Festival Advance Scheme revived as a one-time measure for both Gazetted and non-Gazetted em...

Read More

FM announces Stimulus to boost Demand in Economy: Highlights

(Release ID: 1663675 12/10/2020

Under LTC Cash Voucher Scheme, the Government has decided to give cash payment to employees in lieu of one LTC during 2018-21, in which full payment on Leave encashment and tax-free payment of LTC fare in 3 flat-rate slabs depending on class of entitlement will be given....

Read More

LTC for Central Government Employees during Block 2018-21

F. No. 12(2)/2020-EII(A) 12/10/2020

It has been decided that cash equivalent of LTC, comprising Leave Encashment and LTC fare of the entitled LTC may be paid by way of reimbursement, if an employee opts for this in lieu of one LTC in the Block of 2018-21 subject to the following conditions:-...

Read More

FM reviews implementation of Aatma Nirbhar Bharat Package

01/01/1970

Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs...

Read More
Posted Under: Company Law |

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