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It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st July, 2016 to 30th September, 2016, bear interest at 8.1% (eight point seven per cent) per annum.
As notified vide order dated 29 March, 2016, the validity of the registration certificates of all associations whose registration certificates are expiring on or before 30th September, 2016 was extended upto 31st October, 2016. Time for applying for renewal of registration certificate of such applicants was also extended upto 30th June, 2016.
Government decides to bring the provisions of amended RBI Act regarding constitution of MPC into force on 27th June, 2016 so that statutory basis of MPC is made effective; Rules governing the procedure for Selection of Members of Monetary Policy Committee and Terms and Conditions of their Appointment and factors constituting failure to meet inflation target under the MPC Framework notified on 27th June, 2016.
In exercise of the powers conferred by section 45ZN of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby notifies the following as factors that constitute failure to achieve the inflation target, namely:—
In exercise of the powers conferred by section 219 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 27th day of June, 2016, as the date on which the provisions of Part I of Chapter XII of the said Act shall come into force.
Action Taken on the observations/Recommendations of the Public Accounts Committee contained in their Forty Second Report (16th Lok Sabha) on Non-compliance by the Ministries/Departments in timely submission of Action Taken Notes on the Non-Selected Audit Paragraphs (Civil and other Ministries.
On the basis of the decisions of the Government, interest rates for small savings schemes are to be notified on quarterly Accordingly , the rates of interest on various small savings schemes for the second quarter of financial year 2016-17 , on the basis of the interest compounding/payment built-in in the schemes, shall be as under :
Accordingly, it is notified that all individuals and institutions who wish to apply as Facilitators for Startups in Patents & Designs and Trademarks may refer to the SIPP scheme details and Guidelines for facilitators and follow the procedure for registration, Form, terms and conditions etc. already available in the official website (www.ipindia.nic.in), and submit their applications on or before 10th July, 2016.
Hon’ble Supreme Court has also directed that in lieu of the photographs of the Prime Minister and the Chief Ministers, the photograph of the Departmental (Cabinet) Minister/Minister In-charge may be published, if so desired.
In exercise of the powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995, namely :-
