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Govt to open 56 new Post Office Passport Seva Kendras

February 9, 2017 1530 Views 0 comment Print

The Ministry of External Affairs (MEA) and the Department of Posts (DOP) announced on 24 January, 2017 their decision to utilize the Head Post Offices (HPO) in the various States as Post Office Passport Seva Kendra (POPSK) for delivering passport related services to the citizens of our country.

Two key labour reform bills to come up in Parliament: Labour Minister

February 9, 2017 1176 Views 0 comment Print

As a part of Labour reforms, The Government would introduce two important bills relating to wages and industrial relations in Parliament in March for simplification and rationalisation of the Labour Laws, Labour Minister Mr.Bandaru Dattatreya said at an ASSOCHAM Annual Event today.

ASSOCHAM concerned over RBI leaving “accommodative” stance on interest rates

February 8, 2017 882 Views 0 comment Print

Expressing disappointment over belying of expectations on the interest rate cut by the Reserve Bank of India, the ASSOCHAM today said what is more worrying is the RBI putting an end to the “accommodative” stance in the wake of the impact of demonetization.

Audit Firms approved for Central Statutory Audit in 25 PSBs for 2016-17

February 8, 2017 6936 Views 1 comment Print

Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2016-17 Sr No Auditors appointed for 2016-17 1. Allahabad Bank, Kolkata 1 M/s N C Banerjee & Co., Kolkata 2 M/s Kansal Singla & Associates, Chandigarh 3 M/s Raju & Prasad, Hyderabad 4 M/s De & […]

CBI registers case against CIT for DA; Searches offices of Some CAs

February 8, 2017 3423 Views 0 comment Print

CBI registers a case against commissioner of income tax and others for possession of alleged disproportionate assets. Searches were also conducted at the premises of some Chartered Accountants at Chennai and Surat who were allegedly associated with the said officer.

Demonetisation: 156 bank officials found involved in money laundering

February 8, 2017 1833 Views 0 comment Print

On the basis of prima facie involvement in irregularities relating to demonetisation, Public Sector Banks (PSBs) are so far reported to have placed 156 officials under suspension and to have transferred 41 officials.

Demonetisation of old notes after months of discussion with RBI: Govt

February 8, 2017 1074 Views 0 comment Print

The matter to demonetise currency was under discussion and consultation with RBI for several months preceding 8th November, 2016. The Government in a letter dated 7th November, 2016 requested RBI to consider cancellation of legal tender character of Rs. 500 and Rs. 1000 denomination with the objective to eliminate black money

Advisory to State Governments on Levy of Service Charge by Hotels

February 7, 2017 1560 Views 0 comment Print

Government has received a number of complaints from consumers through the National Consumer Helpline that some hotels and restaurants have been levying service charge at the rate of 5-20 per cent on the bills of food and beverages in lieu of tips which a consumer is forced to pay irrespective of the kind of service provided to him.

CBDT issues Certificates of appreciation to nearly 3.74 lakh tax payers

February 7, 2017 2028 Views 0 comment Print

CBDT has issued the third round of Certificates to nearly 3.74 Lakh tax payers. With this, the total number of certificates issued by CBDT now stands at approximately 23 Lakh.

CBDT signs 4 more Advance Pricing Agreements, Total reaches 130

February 7, 2017 855 Views 0 comment Print

The four APAs signed pertain to the Manufacturing, Financial and Information Technology sectors of the economy. The international transactions covered in these agreements include Contract Manufacturing, IT Enabled Services and Software Development Services.

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