Daily Archives: January 15, 2016

Govt allows PF members to submit his claim directly to Commissioner

By | January 15, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 14th January, 2016 G.S.R 25(E).—In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby… Read More »

Govt Amends Employees’ Provident Funds Appellate Tribunal Rules 1997

By | January 15, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 14th January, 2016. G.S.R 24(E).—In exercise of the powers conferred by sub-section (1) of section 21 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following rules… Read More »

Govt notifies revised standards for Common Effluent Treatment Plants

By | January 15, 2016

Environment Ministry notifies revised standards for Common Effluent Treatment Plants (Cetps) Across industrial clusters The Ministry of Environment, Forest & Climate Change has notified the revised standards for Common Effluent Treatment Plants (CETPs) operating at various industrial clusters in the country. The primary aim of the revised standards is to minimise water pollution. These standards… Read More »

Appointment of Additional Judges at the Karnataka High Court

By | January 15, 2016

Appointment of Additional Judges at the Karnataka High Court In exercise of the power conferred by clause (1) of Article 224 of the Constitution of India, the President is pleased to appoint Shri Arakalagudu Venkataramaiah Chandrashekara to be an Additional Judge of the Karnataka High Court, with effect from 24th January, 2016 till 29th May,2016.… Read More »

Enemy property Ordinance 2016 available on official website

By | January 15, 2016

Information regarding the Enemy property (Amendment and Validation) Ordinance, 2016 (1 of 2016) – for re-publication in the State Gazette The Enemy property (Amendment and Validation) Ordinance, 2016 (1 of 2016), which has been promulgated by the president on 7th January, 2016 and is published in the Gazette of India Extraordinary, Part-II, Section 1, dated… Read More »

Solar Power Capacity Crosses Milestone of 5000 MW in India

By | January 15, 2016

Solar Power Capacity Crosses Milestone of 5,000 MW in India On the auspicious occasion of Makar Sankranti/Pongal, the installed capacity of solar power in India crossed the milestone of 5,000 MW yesterday.  The cumulative installed capacity has reached to 5,130 MW with installed capacity of 1385 MW in current FY.  The state-wise break-up of 5,130… Read More »

Juvenile Justice Act 2015 comes into force from today (15.01.2016 )

By | January 15, 2016

The Juvenile Justice (Care and Protection of Children) Act, 2015 comes into force from today The Juvenile Justice (Care and Protection of Children) Act, 2015 has come into force from today and repeals the Juvenile Justice (Care and Protection of Children) Act, 2000. The Juvenile Justice (Care and Protection of Children) Bill, 2015 was passed… Read More »

Effective Revenue Deficit of 20%

By | January 15, 2016

Government committed to Promoting and Strengthening inclusive and sustainable Development by ensuring proper and effective Utilization of Funds without compromising Fiscal Consolidation Government is committed to promoting and strengthening inclusive and sustainable development by ensuring proper and effective utilization of funds provided in the Annual Budget without compromising fiscal consolidation. As a result of sound… Read More »

Govt to Issue Income tax refunds upto Rs 50000 expeditiously

By | January 15, 2016

Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously. As a result of the… Read More »

Income Tax department Initiatives for Reducing Litigation

By | January 15, 2016

CBDT: Initiatives for Reducing Litigation Reducing litigation with the taxpayers has been a key focus area for the Income Tax Department. Several initiatives have been taken by the Central Board of Direct Taxes in the last three months up to December 2015 to significantly reduce disputes and provide relief to taxpayers facing long standing litigation.… Read More »

Credit information reporting in respect of Self Help Group

By | January 15, 2016

RBI/2015-16/291 DBR.CID.BC.No.73/20.16.56/2015-16 January 14, 2016 All Scheduled Commercial Banks (including RRBs) All Credit Information Companies Dear Sir/ Madam Credit information reporting in respect of Self Help Group (SHG) members Please refer to the instructions contained in paragraph (v) of the Annex III to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated 27 June, 2014 advising banks to report the… Read More »

RBI Clarified Seeding of Aadhaar in Bank Accounts

By | January 15, 2016

RBI/2015-16/289 FIDD.CO.LBS.BC. No.17/02.01.001/2015-16 January 14, 2016 The Chairman and Managing Director Scheduled Commercial Banks including RRBs Dear Sir/Madam, Direct Benefit Transfer (DBT) Scheme –Seeding of Aadhaar in Bank Accounts – Clarification Please refer to circular RPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013 regarding the use of Aadhaar to facilitate delivery of social welfare benefits by direct credit… Read More »

RBI allowed banks to offer all services through Off Site ATMs

By | January 15, 2016

RBI/2015-16/288 DBR.No.BAPD.BC.72/22.01.001/2015-16 January 14, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Section 23 of Banking Regulation Act, 1949 -Relaxations in Branch Authorisation Policy – Off Site ATMs Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at… Read More »

RBI revised Instructions on Project and Service Exports

By | January 15, 2016

RBI/2015-16/287 A.P. (DIR Series) Circular No. 39 January 14, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Export of Goods and Services – Project Exports Attention of Authorised Dealers is invited to Regulation 18 of Notification No. FEMA 23/2000-RB dated 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services)… Read More »

RBI revised guidelines on Financial Literacy Centres of Banks

By | January 15, 2016

RBI/2015-16/286 FIDD.FLC.BC.No.18/12.01.018/2015-16 January 14, 2016 To Chairman/MD & CEO Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Financial Literacy Centres (FLCs) – Revised Guidelines Please refer to our circulars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 and RPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural branches of banks.… Read More »

RBI Clarification on Basel III Capital Regulations

By | January 15, 2016

RBI/2015-16/285 DBR.No.BP.BC.71/21.06.201/2015-16 January 14, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Master Circular – Basel III Capital Regulations – Clarification Please refer to para 7: Coupon Discretion on Additional Tier 1 Debt Capital Instruments of the Circular DBOD.No.BP.BC.38/21.06.201/2014-15 dated September 1, 2014 on ‘Implementation of Basel… Read More »

Protection of Children from Sexual Offences , National Conference

By | January 15, 2016

one day National Conference on POCSO Act, 2012 calls upon stakeholders to take immediate measures to ensure safe childhood for children A one day National Conference on implementation of the Protection of Children from Sexual Offences (POCSO)Act, 2012 was jointly organized by the Ministry of Women and Child Development and the National Commission for Protection… Read More »

India & World Bank loan agreement for Neeranchal National Watershed Project

By | January 15, 2016

Government of India and World Bank sign a loan agreement for Neeranchal National Watershed Project. The Government of India today signed a loan agreement with World Bank here for the Neeranchal National Watershed Project. The project to be implemented by the Ministry of Rural Development over a six-year period (2016-21) will support the Pradhan Mantri… Read More »

Govt to issue 2nd tranche of Sovereign Gold Bond Scheme

By | January 15, 2016

Finance Minister Shri Arun Jaitley: Asks all the banks to make their best efforts to reach-out to potential investors to invest in the Second tranche of the Sovereign Gold Bonds which will be kept open from 18th January, 2016 to 22nd January, 2016                                     The Union Finance Minister Shri Arun Jaitley asked all the… Read More »

RBI notify conditions for Sovereign Gold Bonds 2015-16

By | January 15, 2016

Reserve Bank of India RBI2015-16/290 IDMD.CDD.No.1573/14.04.050/2015-16 January 14, 2016 The Chairman& Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Stock Holding Corporation of India Ltd.(SHCIL) Dear Sir/Madam, Sovereign Gold Bonds  2015-16 Government of India has vide its Notification F.No. 4(19)-W&M/2014 dated January 14, 2016 announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be… Read More »