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GCMMF/ Amul to ensure 100% milk producers account opening by 30.12.2016

December 24, 2016 1801 Views 0 comment Print

Government directs GCMMF/Amul to ensure 100% milk producers accounts to be opened by 30th December, 2016. Co-operatives have been directed to ensure the opening of 100% accounts of milk producers/farmers by 30th January, 2017

Step taken to benefit citizens of India applying for a passport

December 23, 2016 3721 Views 0 comment Print

In order to streamline, liberalize and ease process of issue of passport, Ministry of External Affairs has taken a number of steps in realm of passport policy which is expected to benefit citizens of India applying for a passport.

Make in India ‘Port and Shipping Sector’- Achievement Report

December 23, 2016 1600 Views 0 comment Print

The Indian maritime industry is an integral part of the country’s trade and commerce. It supports 90% of India’s trade by volume. India’s has a coastline of 7,517 kms with potentially navigable waterways of 14,500 kms. 12 major and 200 non-major ports are dotted along the coast.

Make in India ‘Leather Sector’- Achievement Report

December 23, 2016 2032 Views 0 comment Print

The Indian leather industry enjoys a predominant place in the Indian economy and has been a major contributor to export earnings. India has an abundance of raw materials with access to 20% of world’s cattle and buffalo and 11% of the world’s goat and sheep population.

Make in India ‘Skill Development Sector’- Achievement Report

December 23, 2016 2260 Views 0 comment Print

Skills and knowledge are the driving forces of economic growth and social development for any country. India is blessed with 65% percent of its youth in the working age group. As per the National Policy for Skill Development and Entrepreneurship 2015

Reporting of Cash Transactions under Rule 114E: Clarification

December 23, 2016 6421 Views 1 comment Print

Cash transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction.

Tax under PMGKY scheme can be paid in Old Demonetised notes

December 23, 2016 1945 Views 0 comment Print

Up to 30.12.2016 payment towards tax, penalty and deposit under Pradhan Mantri Garib Kalyan Yojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by RBI.

Income Tax Dept Identifies 67.54 lakh Potential Non-Filers

December 22, 2016 5674 Views 4 comments Print

The Income Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high value transactions in the financial year 2014-15 but did not file return of income for the relevant assessment year i.e. A.Y 2015-16.

MCA revises Form INC-18, DIR-3 and MGT-14 WEF 17.12.2016

December 22, 2016 4147 Views 1 comment Print

Form INC-18- Application to Regional director for conversion of section 8 company into company of any other kind

No proposal to mandate payment of wages via Banking Channels only

December 21, 2016 1756 Views 0 comment Print

It is seen from the media reports that there is a general impression that is being created that the Government is bringing an amendment to the Payment of Wages Act to make mandatory the payment of wages to the workers only through cheque or accounts transfers. This is not the correct position.

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