Daily Archives: January 9, 2016

Changes made in Performance Appraisal of Assessing Officers of Income Tax Department

By | January 9, 2016

Changes in the APAR format of the Assessing Officers of Income Tax Department The Income Tax Department is committed to the objective of timely delivery of quality taxpayer services in a fair and transparent environment. The Department has modified the Annual Performance Appraisal Report (APAR) of the Assessing Officers (Income Tax Officers as well as… Read More »

Scholarship for needy children of CAPFs and Assam Rifles personnel

By | January 9, 2016

Scholarship for needy children of CAPFs and Assam Rifles personnel             About 300 needy children of Central Armed Police Forces (CAPFs) and Assam Rifles personnel who laid down their lives in the line of duty in recognition of their  sacrifice will be provided scholarship for their schooling. M/s  Sarojini Damodaran Foundation (SDF) Bangalore have proposed … Read More »

Update on Pathankot Terror attacks

By | January 9, 2016

Update on Pathankot Terror attacks In the ongoing investigations by National Investigation Agency (NIA) in the Pathankot Terrorist attacks, Post mortem examinations of the bodies of the terrorists killed have been conducted at Pathankot Civil hospital on 7th January, 2016. Body tissues of the terrorists have been preserved for DNA Sampling. During investigations DNA Samples… Read More »

Bonus :Increase in the Eligibility Limit & Calculation Ceiling

By | January 9, 2016

The Payment of Bonus (Amendment) Bill, 2015 notified:Increase in the Eligibility Limit under clause (13) of Section 2 and Calculation Ceiling under Section 12 of the Payment of Bonus Act, 2015 The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of… Read More »

Railways steps to prevent misuse of senior citizen Quota

By | January 9, 2016

Ministry of Railways takes steps to prevent misuse of senior citizen “concession” as well as Senior Citizen “ Quota ” Under the new steps, passengers misusing both senior citizen “quota” and senior citizen “concession” will be treated as travelling without ticket and charged accordingly Passengers misusing senior citizens “concession” only would be charged penalty in… Read More »

Major policy decisions related to Steel & Mines Sector

By | January 9, 2016

Major policy decisions related to Steel & Mines Sector accorded in-principle approvals in meeting between Union Steel & Mines Minister and Chief Minister, Odisha at Bhubaneswar yesterday Minister of Steel & Mines Shri Narendra Singh Tomar, who is on a 2-day visit to Odisha met Chief Minister, Odisha Shri Naveen Patnaik at Bhubaneswar yesterday. Shri… Read More »

3.2% Growth in Foreign Tourist Arrivals in December 2015 in India

By | January 9, 2016

3.2% Growth in Foreign Tourist Arrivals in December 2015 over the same Period in 2014 USA accounts for Highest Share of Tourist Arrivals in DECEMBER 2015 Rs. 13,253 Crores Foreign Exchange Earned through Tourism in december 2015 Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data… Read More »

Repurchase of Inflation Indexed Bond

By | January 9, 2016

Source : Reserve Bank of India GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Economic Affairs (Budget Division) New Delhi, the January 08, 2016 NOTIFICATION Repurchase of Inflation Indexed Bond F.No 4(16)-W&M/2012: The Government of India hereby notifies repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” (hereinafter called the Government Stocks). Mode of Repurchase… Read More »

Credit facility become NPA , preference shares issued would also be treated as NPI

By | January 9, 2016

Source Reserve Bank of India RBI/2015-16/283 DBR.No.FID.FIC 5/01.02.00/ 2015-16 January 07, 2016 All-India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment Please refer to Paragraph No.2.5.3.4 (iii) of Master Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015… Read More »

RBI Reviewed Permissible activities for IFSC Banking Units

By | January 9, 2016

RBI/2015-16/282 DBR.IBD.BC. 8536/23.13.004/2015-16 January 07, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to our circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015 setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on… Read More »

Conditions for grant of Non fund based facilities

By | January 9, 2016

Source Reserve Bank of India RBI/2015-16/281 DBR.Dir.BC.No.70/13.03.00/2015-16 January 07, 2016 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Non Fund Based Facility to Non-constituent Borrowers of Bank Please refer to paragraph 2(iii) of our circular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003 on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund based facilities… Read More »