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RBI amends Various Instructions on Liquidity Risk Management

March 23, 2016 1105 Views 0 comment Print

In view of developments since the issue of the above circulars, feedback received from the stakeholders and experience gained, it has been decided to amend certain provisions of these guidelines. The amendments to specific instructions of the above-mentioned circulars are given in the Annex.

The Bureau of Indian Standards Act, 2016

March 22, 2016 4777 Views 0 comment Print

An Act to provide for the establishment of a national standards body for the harmonious development of the activities of standardisation, conformity assessment and quality assurance of goods, articles, processes, systems and services and for matters connected therewith or incidental thereto.

Notification No. 20/2016-Income Tax, Dated: 21/03/2016

March 21, 2016 706 Views 0 comment Print

The terms and conditions mentioned in this notification as well as those included in the aforesaid Industrial Park Scheme, 2008 should be adhered to during the period for which benefits under the said scheme are to be availed and in case the undertaking, fails to comply with any of the conditions, the Central Government may withdraw the aforesaid approval.

CBDT amends financial transaction reporting Rule wef FY 2015-16

March 18, 2016 9070 Views 0 comment Print

In rule 114E (i) in the marginal heading, after the words Information Return, the words or Statement of Financial Transactions shall be inserted. Rule 114E of the Rules, as amended by this rule shall be applicable for the specified financial transactions carried out during the period from 1st April, 2015 to 31st March, 2016.

Delhi VAT Exemption to Embassy of Socialist Republic of Vietnam

March 18, 2016 721 Views 0 comment Print

(A)The facility of VAT refund shall be available to the Embassy on purchase of items viz;- i. Telephone, Internet, Electricity, Water and Gas Bills of Chancery Premises and Embassy Residence and other telephone bills which are in the name of Embassy.

Delhi VAT: New Composition Scheme for Restaurants & Halwais

March 18, 2016 4897 Views 0 comment Print

Every registered dealer whose turnover during the preceding year as well as the expected turnover during the current year does not exceed fifty lakh rupees and who is not making any sales other than that of ready to eat foods and non-alcoholic beverages including cooked food, snacks, sweets, savouries, juices, aerated drinks, tea and coffee etc.

Plastic Waste Management Rules, 2016

March 18, 2016 8797 Views 0 comment Print

Whereas the Plastic Waste (Management and Handling) Rules, 2011 published vide notification number S.O 249(E), dated 4th February, 2011 by the Government of India in the erstwhile Ministry of Environment and Forests, as amended from time to time, provided a regulatory frame work for management of plastic waste generated in the country;

Senior Citizens’ Welfare Fund Rules, 2016

March 18, 2016 8602 Views 2 comments Print

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 18th March, 2016 G.S.R. 322(E).-In exercise of the powers conferred by section 128 of the Finance Act, 2015, 20 of 2015 the Government hereby makes the following rules, namely:- 1. Short title, extent and commencement.- (1) These rules may be called Senior Citizens’ Welfare […]

Sukanya Samriddhi Account Rules, 2016

March 18, 2016 12199 Views 0 comment Print

Sukanya Samridhi Account may be opened by the guardian in the name of a beneficiary who has not attained the age of ten years as on the date of opening of the Account:

Framework for Revival and Rehabilitation of MSMEs

March 17, 2016 1177 Views 0 comment Print

In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazette Notification dated May 29, 2015 had notified a ‘Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises’.

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