The government is likely to table the Goods and Services Tax (GST) Constitution Amendment Bill before Parliament in the next 4-5 days, said a senior official. “The Cabinet has cleared that proposal (on GST). In another 4-5 days we should be able to put it in Parliament,” Central Board of Excise and Customs (CBEC) Chairman SD Majumder told reporters at a PHD Chamber event.
The Union Cabinet today approved a long-pending bill, which is aimed at giving statutory power to the pension regulator PFRDA, paving way for introduction of the same in the current session of Parliament.The draft legislation is aimed at upgrading the status of the Pension Fund Regulatory and Development Authority (PFRDA), which has been functioning for the past eight years without Parliamentary approval.
It is hereby informed that the Council has decided to enhance the fees for issue of duplicate mark sheets ( for various examinations conducted by the Institute of Chartered Accountants of India, including those relating to post qualification courses) from Rs 10/-(Rupees ten only) per duplicate mark sheet to Rs 100/- ( Rupees one hundred only) per duplicate mark sheet.
You are required to furnish the following details / documents along with your request- Copy/ies of mark sheet/s for which you require duplicate mark sheet/s (if available), which will help us to process your request speedily. In case, you are not in a position to send copy/ies of your Mark sheet/s, please furnish your correct Articles Registration Number, Month & Year of appearance and Roll Number for which you require duplicate mark sheet/s.
On the basis of the current macroeconomic assessment, it has been decided to: * increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.75 per cent with immediate effect; and increase the reverse repo rate under the LAF by 25 basis points from 5.5 per cent to 5.75 per cent with immediate effect.
The Supreme Court today remanded Pune stud farm owner Hasan Ali Khan in Enforcement Directorate”s custody for four days, while pulling up the trial court judge who had granted bail to him dismissing the agency”s plea for his remand in a money laundering case. A bench of justices B Sudershan Reddy and S S Nijjar said it was “deeply disturbed” at the manner in which the trial court judge had rejected the ED”s contention and granted bail while giving a lengthy order for it.
The Income Tax department today conducted searches at the business premises of steel giant Jindal Steel works here for alleged charges of tax evasion. A team of I-T officials from the investigation and tax collection wings of the department reached the premises of the company and began scrutinising documents related to purchase orders and other financial dealings, sources said.
Financial service provider SMC Global Securities today said the Reserve Bank may hike key rates by 25 basis points in its policy review tomorrow. “With series of RBI actions and rise in commodity prices, India Inc witnessed pressures on margins …,” SMC Group Chairman and Managing Director Subhash Chand Aggarwal said in a statement here.
The Supreme Court today asked the Centre as to why the tax payers’ money should be used for subidising foodgrains under the public distribution system (PDS) for those who are above the poverty line. “We don’t understand the logic as to why a person, let us say earning an annual income of Rs 10 crore, should be (given) subsidy (by using) the tax payers’ money for distribution of the grains.
Finance Ministry has received draft guidelines on the new banking licence from the Reserve Bank, which is expected to make it public by the end of this month. The Finance Ministry has got draft guidelines on new banking license, official sources said. The guidelines are at a draft stage and no firm view on the paid-up capital and other issues has been taken, sources said. The Reserve Bank of India (RBI) is likely to issue guidelines for new banking licences by the end of the current fiscal.
