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Notifications

Lead Bank Scheme – District Consultative Committees – Inclusion of Director of MSME-DI

March 20, 2012 2090 Views 0 comment Print

As the participation of MSME-DI would be useful in discussing issues concerning the MSMEs which would eventually help in increasing credit flow to the MSME sector, you are advised to invite the concerned Director of MSME-DI to attend the District Consultative Committee (DCC) meetings as invitee in those districts where MSME clusters are located. You may advise the respective Lead District Managers accordingly. The list of offices of MSME-DI received from the Ministry of MSME with their jurisdiction of State & districts is enclosed for your guidance.

Implementation of asset classification and provisioning norms for NBFC-MFIs deferred to 1st April 2013

March 20, 2012 811 Views 0 comment Print

A new category of NBFCs namely ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) was introduced vide DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 02, 2011, which also contained guidelines on asset classification and provisioning norms to be adhered to by the MFIs with effect from April 01, 2012. Taking into account the difficulties faced by MFI sector and the representation received by the Bank from them, it has been decided to defer the implementation of asset classification and provisioning norms for NBFC-MFIs to April 01, 2013.

Notification No. 20/2012-Central Excise; Dated: 19.03.2012

March 19, 2012 1056 Views 0 comment Print

brand name means a brand name or trade name, whether registered or not, that is to say, a name or a mark, such as a symbol, monogram, label, signature or invented words or any writing which is used in relation to a product, for the purpose of indicating, or so to indicate, a connection in the course of trade between the product and some person using such name or mark with or without any indication of the identity of that person

Corrigendum to Notification No. 18/2012-CE dated – 17th March, 2012

March 19, 2012 2326 Views 0 comment Print

In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 18/2012-CE, dated the 17th March, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.169 (E), dated the 17th March, 2012, in the table,-

Corrigendum to Notification No. 21/2012-Customs, Dated: 17.03.2012

March 19, 2012 1026 Views 0 comment Print

-In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 21/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 194(E), dated 17th March, 2012, namely:-

Central govt. employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 1.1.2006 in the pre-revised pay scale

March 19, 2012 2622 Views 0 comment Print

In accordance with the provisions contained in Rule 10 of the CCS (RP) Rules, 2008, there will be a uniform date of annual increment, viz. 1st July of every year. Employees completing 6 months and above in the revised pay structure as on 1st of July will be eligible to be granted the increment. The first increment after fixation of pay on 1.1.2006 in the revised pay structure will be granted on 1.7.2006 for those employees for whom the date of next increment was between 1st July, 2006 to 1st January, 2007.

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for 2011-12

March 19, 2012 739 Views 0 comment Print

With a view to facilitating accounting of all Government transactions of the current financial year (2011-12) by March 31, 2012 and meeting the probable rush of tax-payers towards the end of the year, it has been decided in consultation with the Controller General of Accounts, Government of India that all Regional Offices of Reserve Bank of India (RBI) and branches of Agency banks conducting Government business will suitably extend the banking hours to conduct Government business by keeping their counters open for the purpose on March 30 and 31, 2012 to facilitate receipt of Government revenue from members of public even at late hours.

Seeks to amend Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008

March 19, 2012 421 Views 0 comment Print

Notification No. 19/2012 – Central Excise (N.T.) In exercise of the powers conferred by sub-sections (2) and (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008, namely :-

Scheme for Collection of Dues of CBDT, CBEC, DM Account – Reporting and Accounting of March Transactions – Special Arrangements – FY 2011-2012

March 19, 2012 358 Views 0 comment Print

In view of the ensuing closing of Government Accounts for the financial year 2011-12, you may please reiterate the instructions to your branches regarding introduction of special messenger arrangements at your receiving branches (situated locally) from the second fortnight of March 2012. Receiving branches not situated locally should also adopt special arrangements such as courier service etc. from the second fortnight of March 2012 for passing on challans/scrolls etc. to the Nodal/Focal Point branches so that all payments and collections made on behalf of Government towards the end of March are accounted for in the same financial year. The branches may also be instructed to take all necessary steps to ensure that the arrears, if any, are cleared before March 15, 2012.

Budget 2012- Draft Place of Provision of Services Rules, 2012

March 18, 2012 664 Views 0 comment Print

Place of provision of performance based services.- The place of provision of following services shall be the location where the services are actually performed, namely:- (a) services provided in respect of goods that are required to be made physically available by the service receiver to the service provider, in order to provide the service: Provided that when such services are provided from a remote location by way of electronic means the place of provision shall be the location where goods are situated at the time of provision of service;

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