About 47.5 lakh domestic helps would soon get medical insurance benefits under the Rashtriya Swasthya Bima Yojana (RSBY) with the Union Cabinet approving the proposal on Thursday. The scheme, which envisages smart card-based cashless health insurance cover of up to Rs. 30,000 under any empanelled hospital anywhere in the country, was approved by the Cabinet at a meeting chaired by Prime Minister Manmohan Singh.
A Committee comprising of following is appointed with the approval of competent authority, on framing of National Competition Policy and related matters: – 1. Shri Dhanendra Kumar, Chairman 2. Shri Sudhir Mital, Additional Secretary, MCA 3. Shri Pradeep S. Mehta, Secretary General, CUTS International 4. Shri Pallavi Shroff, Expert Advocate, Amarchand Mangaldas
Individuals having total income up to Rs. 5,00,000 for FY 2010-11, after allowable deductions, consisting of salary from a single employer and interest income from deposits in a saving bank account up to Rs. 10,000 are not required to file their income tax return. Such individuals must report their Permanent Account Number (PAN) and the entire income from bank interest to their employer, pay the entire tax by way of deduction of tax at source, and obtain a certificate of tax deduction in Form No.16.
Speaking on the occasion the Minister said 4.72 crore accounts up to 2008-09 are likely to be updated online by 15.7.2011 to ensure more transparency. He said that the Provident Fund Organisation has been directed to update all accounts by December 2011 and expressed the hope that this will be done as per schedule as this will be one of the major achievements since nearly 14 crore accounts were pending for updation on 1.4.2011 i.e. the beginning of the new financial year. He expressed his happiness that EPFO will now put the account balances of members on website so that any member can check his balances up to the year his account are updated. Considering this as a big achievement he added that most of the members grievances will be resolved once they are able to access their accounts through website.
The Economics Offences Wing (EOW) of Chandigarh police Wednesday evening booked two city-based chartered accountants in a land-related fraud case, said the police. According to the police, they have booked the accused for cheating and criminal conspiracy.
In a relief to the garment industry, the government today said no excise duty will be imposed on uniforms and items like towels if they merely bear logo of the institution or company they are made for. .Such products would not merit treatment as branded products merely because the name of the school, institution or company or their logo is either printed, embroidered or etched on them,’the revenue department said.
Market regulator SEBI today asked two Sahara group entities to return money collected from millions of investors through an instrument named Optionally Fully Convertible Debentures (OFCD), citing violation of regulatory norms. As per a Sebi order, Sahara Commodity Services Corp (earlier known as Sahara India Real Estate Corporation) and Sahara Housing Investment Corporation (SHICL) will be required to refund the money raised from hybrid instrument OFCD to investors along with 15 per cent interest.
In order to mitigate the hardship being faced by the students in registering for Integrated Professional Competence Course (IPCC), the Council at its 306th Meeting held from 7-9th June, 2011 decided that candidates who register for Integrated Professional Competence Course (IPCC) in the respective Decentralized Office on or before 16th August, 2011 would be eligible to appear in the Integrated Professional Competence Examination (IPCE) to be held in May, 2012.
On a review of the syllabus for the Final Course, the Council has decided to exclude the following topics from the Final Examination to be held in November, 2011 and thereafter:- Paper 1 Financial Reporting – Inflation Accounting
By all accounts the 2008/09 crisis has been the deepest financial crisis of our times. It has taken a devastating toll on global output and welfare. Arguably, the fundamental causes of all financial crises are the same – global imbalances, loose monetary policy and high levels of leverage driven by ‘irrational exuberance’. In that respect this crisis has been no different.
