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CBI arrests ITO and CA in bribery case

February 25, 2016 15988 Views 1 comment Print

The Central Bureau of Investigation has arrested an Income Tax Officer, Ward 58(3), D Block, Vikas Bhawan, New Delhi and a Chartered Accountant for demanding and accepting an alleged bribe of Rs. 3.5 lakh from the complainant.

Rail Budget 2016: e-ticket on concessional passes for journalists

February 25, 2016 1882 Views 0 comment Print

E-Booking of Tickets on the Concessional Passes for Journalists to be Introduced Sale of Tickets through Helpline Terminals for Short Distance Travellers The Minister of Railways Shri Suresh Prabhakar Prabhu said that Indian Railways intends to commence sale of tickets through hand held terminals for the benefit of the suburban and short distance travelers. This […]

Indian Railway Budget Speech 2016-17

February 25, 2016 2368 Views 0 comment Print

Speech of Shri Suresh Prabhakar Prabhu introducing the Railway Budget for 2016-17 on 25th of February, 2016 Madam Speaker, 1. I rise to present before this August House the Statement of Estimated Receipts and Expenditure for 2016-17 for Indian Railways. 2. Let me begin with a couple of personal experiences. As the Railway Minister of […]

Highlights of Indian Railway Budget 2016-17

February 25, 2016 6151 Views 0 comment Print

Theme of the Budget Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the strategy i.e. Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures. Financial Performance 2015-16- Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; […]

Rail Budget 2016-No Hike in Passenger Fare, WIFI at 400 Stations

February 25, 2016 1852 Views 0 comment Print

65,000 Additional Berths and 17,000 Bio Toilets to be Installed. Operations Audit to Improve Punctuality of trains Proposed. Wi Fi Facilities in 400 more Stations. Stations to be Developed Under PPP Mode

Preamble to 2016 U.S. Model Income Tax Convention

February 25, 2016 1954 Views 0 comment Print

On February 17, 2016, the Treasury Department released a revised 2016 U.S. Model Income Tax Convention (the 2016 Model), which is the baseline text the Treasury Department uses when it negotiates tax treaties. The U.S. Model Income Tax Convention was last updated in 2006 (the 2006 Model). This preamble highlights the significant features of the […]

DTAA with Maldives to stop double taxation on International air transport income

February 25, 2016 3397 Views 0 comment Print

The Agreement provides for relief from double taxation for airline enterprises of India and Maldives by way of exemption of income derived by the enterprise of India from the operation of aircraft in international traffic, from Maldivian tax and vice-versa.

Govt will Promote Payments through cards and digital means

February 25, 2016 2110 Views 0 comment Print

Promotion of payments through cards and digital means will be instrumental in reducing tax avoidance, migration of Government payments and collections to cashless mode, discourage transactions in cash by providing access to financial payment services to the citizens to conduct transactions through card/ digital means and shifting payment ecosystem from cash dominated to non-cash/less cash payments.

Young India dreaming big, but parents underprepared

February 23, 2016 2373 Views 0 comment Print

Sachin Tendulkar, who was also the master mentor of the initiative, said, Aviva and I have worked together on various initiatives that have helped identify the aspirations of Young India. I had an early start in my career due to the support of my family. India, today, is buzzing with many bright minds and I am very happy to partner personalities, who are renowned professionals in their respective fields, to enable these kids live their dreams.

Empanelment of Concurrent Auditors for Union Bank F.Y. 2016-17

February 23, 2016 41368 Views 4 comments Print

Union Bank of India invites applications from eligible/interested Firms /Companies for empanelment as Concurrent Auditors for conducting Concurrent Audit in the identified branches / offices for the period from 01.04.2016 to 31.03.2017.

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