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Cabinet approves acquisition of subsidiary banks of State Bank of India

February 16, 2017 1545 Views 0 comment Print

Union Cabinet has approved the acquisition by State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Insurance penetration in India likely to cross 4% this year: ASSOCHAM

February 16, 2017 1152 Views 0 comment Print

Government’s policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes are expected to catapult this key ratio beyond 4 per cent mark by the end of this year, reveals the ASSOCHAM latest paper.

Employees enrolment campaign 2017: Voluntary employee detail declaration

February 16, 2017 1467 Views 0 comment Print

Employees Enrolment Campaign 2017 offers opportunity to employers to voluntarily declare details of all employees. EPFO settles 19,114 grievances in January, 2017

Draft IBBI (Voluntary Liquidation) Regulations, 2017

February 15, 2017 1752 Views 0 comment Print

Insolvency and Bankruptcy Board of India invites public comments on Draft Regulations for Voluntary Liquidation by 8th March, 2017. The Ministry of Corporate Affairs had set-up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group-3 had a mandate to deliberate and submit its recommendations on rules and regulations […]

Increase cyber security spending to match growing threat landscape

February 15, 2017 873 Views 0 comment Print

The government should sharply increase spending on cyber security to a level that matches the changing threat landscape, noted a paper jointly conducted by ASSOCHAM-PwC.

Internal Audit empanelment with Airports Authority of India of CA / CMA firms

February 15, 2017 8478 Views 0 comment Print

Empanelment Of Chartered Accountant (CA) / Cost Management Accountant (CMA) Firms For Conducting Internal Audit For A Period Of 3 Years From 2016-17 To 2018-19 At Various Airports / Regions Of Airports Authority Of India

Bombay HC bans mobile, cameras etc. inside Court Halls

February 14, 2017 2076 Views 1 comment Print

All the parties/litigants and public at large are hereby informed that they shall not take mobile phones, cameras or audio/video recording devices and shall not record anything using them inside the Court Halls.

No proposal to levy 5% service tax on healthcare services

February 14, 2017 2598 Views 0 comment Print

Central Government has clarified that there is NO proposal in the Union Budget 2017-18 to levy 5% Service Tax on Healthcare Services, as reported in certain Social Media circles.

Operation Clean Money gets Overwhelming Response

February 14, 2017 4110 Views 0 comment Print

The Income Tax Department (ITD) had initiated ‘Operation Clean Money’ on 31st January, 2017 for the e-verification of large cash deposits made during 9th November to 30th December, 2016. Email and SMS were sent to 18 lakh taxpayers for submitting online response on the e-filing portal.

Expeditious issue of Refunds is a High Priority for CBDT

February 13, 2017 2046 Views 1 comment Print

Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes (CBDT); Over 4.19 crore Income Tax Returns (ITRs) processed and over 1.62 crore refunds issued during the Current Financial Year up to 10th February, 2017.

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