Daily Archives: December 3, 2015

Higher number of girls adopted as compared to boys

By | December 3, 2015

Higher number of girls adopted as compared to boys as per the In-country adoption data over the last three years  The total number of in-country and inter-country adoptions were 5002 for the period 2012-13 (April 2012 to Mar 2013), 4354 for 2013-14 (April 2013 to Mar 2014) and 4362 for 2014-15 (April 2014-Mar 2015) The… Read More »

One Stop Centres in India to support women affected by violence

By | December 3, 2015

Funds sanctioned/released by the Government to 31 States/UTs for establishment of One Stop Centres in the country Funds have been sanctioned/released by the Government to 31 States/UTs for establishment of One Stop Centres in the country. Till date, 6 One Stop Centres have become operational, one each in Raipur (Chhattisgarh), Vijayawada City (Andhra Pradesh), Karnal(Haryana),… Read More »

Highest Dowry Deaths in UP and Bihar

By | December 3, 2015

Highest Dowry Deaths in UP and Bihar in 2012, 2013 & 2014 The highest number of dowry deaths during the last three years consecutively have been reported from the state of Uttar Pradesh followed by Bihar. As per the National Crime Records Bureau (NCRB) data, Uttar Pradesh reported 2244 dowry deaths(Sec 304 B of IPC)… Read More »

Sustainable Tourism Criteria for India

By | December 3, 2015

Implementing Sustainable Tourism Criteria for India The Ministry of Tourism has launched a Comprehensive Sustainable Tourism Criteria for India (STCI) for three major segments of tourism industry, namely accommodation, tour operators and Beaches, Backwaters, Lakes and Rivers sectors during the sensitization Workshop for Stakeholders on Sustainable Tourism organized in August, 2014. The criterion has been… Read More »

Govt steps for safety and security of tourists in India

By | December 3, 2015

Crime Against Tourists at Tourist Centres The Ministry of Tourism does not compile the data regarding crime against foreign or domestic tourists. However, the National Crime Records Bureau (NCRB), Ministry of Home Affairs has started collecting data on crime against foreign tourists since 2014. The total numbers of cases registered against crime against foreign tourists… Read More »

Promotion of Tourism in North Eastern States of India

By | December 3, 2015

Promotion of Tourism in North Eastern States Development and promotion of tourism is primarily the responsibility of the State Governments/UT Administrations. However, Ministry of Tourism provides Central Financial Assistance (CFA) to State Governments/Union Territory Administrations for various tourism projects subject to availability of funds, inter-se priority, liquidation of pending utilization certificates against the funds released… Read More »

106 new waterways for National Waterways Transport Service

By | December 3, 2015

Waterways Transport Service For declaration of 101 more inland waterways as National Waterways, a Bill was introduced in the Budget Session of the Parliament in 2015. The Bill was referred to the Department-related Parliamentary Standing Committee on Transport, Tourism & Culture for examination. Based on the recommendations of the Committee, a draft Cabinet Note for… Read More »

Govt Steps to prevent road accidents

By | December 3, 2015

Design and Road Safety Standards for National Highways         The Ministry of Road Transport and Highways has taken a number of steps to prevent road accidents as per details mentioned under: (i)         The Government has approved a National Road Safety Policy.  This Policy outlines various measures such as promoting awareness, establishing road safety information… Read More »

Govt steps to promote Solar Power in India

By | December 3, 2015

Increasing Production of Solar Energy The following initiatives have been taken by government  in the country: • Exemption from excise duties and concession on import duties on components and equipment required to set up a solar plant • A 10-year tax holiday for Solar Power Projects. • Wheeling, banking and third party sales, buy back… Read More »

Steps for 100 Per Cent Literacy in India

By | December 3, 2015

As per Census reports, there has been steady improvement in literacy rates since independence as the literacy rate has increased from 18.33 per cent in 1951 to 72.98 per cent in 2011. Government keeps phase-wise targets to achieve higher levels of literacy. The present target is to achieve 80 per cent literacy rate by the… Read More »

Exchange Rate of Foreign Currency Relating to imported and Export Goods Notified

By | December 3, 2015

Exchange Rate of Foreign Currency Relating to imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs (CBEC) No.112/2015-CUSTOMS (N.T.), dated 19th November, 2015, except as respects things… Read More »

Govet to Soon Launch Stamps on Nation’s Environmental Profile

By | December 3, 2015

Government to Soon Launch Series of Stamps on Nation’s Environmental Profile “Reach Out to Students to Create More Interest in Basic Sciences”: Javadekar The Government today announced that a series of stamps depicting the entire environmental profile of the country will be launched soon. Speaking after releasing the commemorative stamp to mark the Centenary year… Read More »

Liberalised Coal Linkages

By | December 3, 2015

Liberalised Coal Linkages                         The provision of allowing inter power plant transfer of coal under coal linkages  fromone Power Plant to another is already in place. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok… Read More »

21 nuclear power reactors in India

By | December 3, 2015

21 nuclear power reactors with an installed capacity of 5780 MW There are 21 nuclear power reactors with an installed capacity of 5780 MW currently. Of this, a capacity of 3380 MW, comprising thirteen (13) reactors is under International Atomic Energy Agency (IAEA) safeguards and use imported fuel, which is available in required quantity. Eight… Read More »

No death due to radiation related hazards in India’s nuclear installations

By | December 3, 2015

No death due to radiation related hazards There has been no death due to radiation related hazards, accidents and sickness in India’s nuclear installations. The safety of the radiation workers in the nuclear installations, including the Uranium mines, is fully ensured by the Health Physics Unit (HPU) situated in every plant. It is also enforced… Read More »

Steps to deal with nuclear waste

By | December 3, 2015

The wastes generated at the nuclear power stations during the   operation are of low & intermediate activity level and are managed at the site itself. These wastes are treated, concentrated, compacted, immobilised in solid materials like cement, bitumen, polymers etc. in high integrity steel containers and stored in specially constructed structures such as reinforced concrete… Read More »

3 C’s can be used to create world class Universities: President of India

By | December 3, 2015

“3CS” – Collaboration, Cooperation and Communication can be used to create world class Universities, says President The President of India, Shri Pranab Mukherjee addressed the delegates of the Times Higher Education BRICS and Emerging Economies’ Universities Summit, 2015 yesterday (December 2, 2015) at Rashtrapati Bhavan. Speaking on the occasion, the President said that in today’s… Read More »

Green Bonds : SEBI Concept paper

By | December 3, 2015

Source : Securities and Exchange Board of India 03.12.2015 Concept paper for issuance of Green Bonds 1. Background A green bond is like any other bond where a debt instrument is issued by an entity for raising funds from investors. However what differentiates a Green bond from other bonds is that the proceeds of a… Read More »

Combating of Financing of Terrorism

By | December 3, 2015

Source : Reserve Bank of India RBI/2015-16/258 DBR. AML. No. 7312/14.01.001/2015-16 December 3, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid… Read More »

RBI Revised guidelines on Priority Sector Lending for Regional Rural Banks

By | December 3, 2015

RBI/2015-16/257 FIDD.CO.Plan.BC.No.14/04.09.01/2015-16 December 3, 2015 The Chairman All Regional Rural Banks Dear Sir/Madam, Regional Rural Banks – Priority Sector Lending – Targets and Classification During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance… Read More »

Compensation on death of guest in swimming pool of hotel is allowable Expenses

By | December 3, 2015

IN THE ITAT KOLKATA BENCH ‘A’ EIH Ltd. v. Deputy Commissioner of Income-tax, Circle-8, Kolkata MAHAVIR SINGH, JUDICIAL MEMBER AND M. BALAGANESH, ACCOUNTANT MEMBER IT APPEAL NOS. 316 & 426 (KOL.) OF 2006 & 1808 (KOL.) OF 2007 [ASSESSMENT YEAR 2002-03] SEPTEMBER  11, 2015 Facts of the Case (Para no 14) :- The brief facts… Read More »

Cash deposited from sale of land in installments in Bank accounts held as unexplained

By | December 3, 2015

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Neena Aggarwal ….Appellant. Versus Commissioner of Income Tax, Panchkula …Respondent ITA No. 368 of 2015 Date of Decision: 17.11.2015 Facts of the case The assessee had derived income from running a boutique. She filed return under Section 44AF of the Act and no books of… Read More »

Human intervention is required u/s 194 J for deducting TDS on Fees for Technical Services

By | December 3, 2015

SUPREME COURT OF INDIA Commissioner of Income-tax, Delhi v. Bharti Cellular Ltd. S.H. KAPADIA, CJ. K.S. RADHAKRISHNAN, J. CIVIL APPEAL NOS. 6691 TO 6699 OF 2010 AUGUST 12, 2010 Civil Appeal Nos. 6696/2010, 6697/2010, 6698/2010 and 6699/2010 arising out of S.L.P. (C) Nos. 13027/2009, 13029/2009, 13030/2009 and 20909/2009 are taken on Board along with these… Read More »

No Transfer under Section 2(47)(v) if Development Agreement not registered

By | December 3, 2015

HIGH COURT OF PUNJAB AND HARYANA C.S. Atwal v. Commissioner of Income-tax, Ludhiana AJAY KUMAR MITTAL AND FATEH DEEP SINGH, JJ. IT APPEAL NO. 200 OF 2013 (O & M) JULY  22, 2015 Ajay Vohra, Sr. Advocate, Rohit Jain, Adv., Ms. Radhika Suri, Sr. Adv., Tej Mohan Singh, Adv., Ms.Rinku Dahiya, B.S. Sewak, Keshav Kataria,… Read More »

Electronic Book for Primary Market Debt Offering through private placement

By | December 3, 2015

Proposal for seeking approval for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book” The Board considered and approved the proposal for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”. The key benefits of such an… Read More »

SEBI will issue Consultation paper for Green Bonds

By | December 3, 2015

Consultation paper for disclosure requirements for issuance and listing Green Bonds The Board considered and approved the proposal for initiation of public consultation process for disclosure requirements for issuance and listing of Green Bonds, which are in line with the requirements as provided in Green Bond Principles as recommended by International Capital Market Association (ICMA).… Read More »

Trading in last one year Condition relaxed for Delisting of Small Companies Condition of

By | December 3, 2015

Delisting of Small Companies Delisting Regulations provide for simplified procedure of delisting for small companies and exempt them from the requirements of Chapter IV of the Delisting Regulations subject to certain conditions. Currently, one of such conditions is that the shares of the company have not been traded for the preceding one year. Based on… Read More »

Business Responsibility Reporting extended to top 500 Listed Entities :SEBI

By | December 3, 2015

Business Responsibility Reporting by Listed Entities SEBI has, vide circular dated August 13, 2012, mandated Business Responsibility Reporting (BRR) requirement for top 100 listed entities based on market capitalization in their annual reports. The key principles which are required to be reported by the entities include the areas such as environment, social, governance, stakeholder’s relationships,… Read More »

Companies can avoid Penalties if deedmed public issue to less than 200 person

By | December 3, 2015

Securities and Exchange Board of India Deemed Public Issues Post April 01, 2014, any offer or allotment of securities shall be considered as public issue if the number of offerees / allottees exceeds 200 persons in a financial year under the Companies Act, 2013 as against the cap of 49 persons provided in the Companies… Read More »