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Govt not imposed higher import duty on Silk import

December 5, 2016 688 Views 0 comment Print

Representations were received from the Confederation of Indian Textile Industry (CITI) and from the Federation of India Art Silk Weaving Industry (FIASWI), inter alia, to increase customs duty on import of fabrics, in general, from 10% to 20%.

Measures to Impose higher import duty on steel imports

December 5, 2016 646 Views 0 comment Print

(a) whether the Government has received any representation seeking imposition of higher import duty on steel imports; (b) if so, the details thereof and the reasons therefor; and (c) the action taken by the Government thereon?

Decision to publish details of Loan Defaulters lies with Bank not Govt

December 5, 2016 925 Views 0 comment Print

The decision to disclose the borrowers details including publishing the details in newspapers is taken by the banks as provided in various statutes and Loan Agreement.

No proposal to increase limit on deposit in PMJDY Deposit a/c

December 5, 2016 1492 Views 0 comment Print

There are limits on deposits on “Small Account” under Pradhan Mantri Jan Dhan Yojana (PMJDY). Government is not proposing to increase this limit.

Government receives Rs. 66,000 crore surplus from RBI

December 5, 2016 1411 Views 0 comment Print

(a) Whether the Government has received ` 66,000 crore surplus from Reserve Bank of India (RBI); (b) If so, the details thereof; (c) Whether the surplus generated through RBI’s investment activities, primarily in sovereign bonds like US Treasury-bills; and (d) If so, the details thereof?

Advantages of advancing date of Union Budget to 1st February

December 5, 2016 7540 Views 0 comment Print

Government has considered the various aspects thoroughly relating to advancing the date of presentation of Union Budget. Major advantages in advancing the date of Budget presentations are:

Additional deduction of Rs. 50000 for NPS Investment

December 5, 2016 3658 Views 0 comment Print

Through the Finance Act, 2015, a separate section 80CCD(1B) has been inserted in the Income Tax Act, 1961 , wherein a subscriber under NPS is allowed a deduction in computation of his total income, whether or not any deduction is allowed under Section 80CCD(1)

SEBI maintains constant vigil & Takes action in case of any abnormality

December 5, 2016 748 Views 0 comment Print

As far as surveillance activities are concerned, SEBI maintains constant vigil in the market and in case of any abnormality, takes appropriate action against the concerned entities. The systems and practices are in place to promote a safe, transparent and efficient market and to protect market integrity.

Govt sets up Special Cell to Monitor Fake Currency

December 5, 2016 763 Views 0 comment Print

Government has set up a Special Cell to monitor the receipt of fake currency notes and inform such instances to the Economic Offences Wing of State Police, Intelligence/Enforcement agencies of the Central Government and also to the Ministry of Finance.

Step to encourage Tax compliance without Harassment by IT Department

December 5, 2016 4048 Views 1 comment Print

(a) whether the Government is aware that roadside eatery owners in various cities including Mumbai have made declaration of their unaccounted income and properties after IT raids; (b) if so, the details thereof; and (c) the steps taken by the Government to encourage such evaders to declare unaccounted income without subjecting them to any harassment by IT officials?

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