Daily Archives: October 22, 2015

Guidelines for Valuation of second hand machinery

Circular No. 25 /2015 F. No. 467/34/2006-Cus.V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 15th October 2015 All Principal Chief Commissioners All Chief Commissioners of Customs, All Chief Commissioners of Customs & Central Excise, All Directorate Generals, Chief Departmental Representative, All Principal Commissioners of Customs, All Principal… Read More »

NABARD sanctioned 135 Crore to Haryana government

The National Bank for Agriculture and Rural Development (NABARD) today said it has sanctioned a loan of Rs 134.64 crore to the Haryana government under Rural Infrastructure Development Fund for 2015-16. The funds have been sanctioned for ‘Rehabilitation of JLN feeder system’ in three districts of Jhajjar, Rewari and Mahendergarh, NABARD Chief General Manager (Haryana)… Read More »

Import duty on wheat Increased from 10% to 25%

In a bid to check cheap imports, the Centre on Monday raised the import duty on wheat to 25 per cent till March next year, its second increase in three months. “In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of… Read More »

Yes Bank Reduced Saving interest rate from 7% to 6%

Private sector lender YES Bank has reduced the maximum interest rate that it offers on savings bank account to 6% from 7%, earlier. The new rates will be applicable from November 1 and 6% will be offered for an account balance of over Rs 1 lakh. The lender had begun offering 7% interest rate in… Read More »

Insurance Joint ventures have to be Indian owned

All insurers having joint ventures with foreign players will have to ensure that the company is owned and controlled by the Indian stakeholders. As per the guidelines on ‘Indian owned and controlled’ insurance companies issued by the Insurance Regulatory and Development Authority of India (IRDAI), insurers will have to file an undertaking with the regulator… Read More »