Daily Archives: February 3, 2016

IRDA Draft on Loans or Temporary advances to Full-time Employees of the Insurers

By | February 3, 2016

Source IRDA Date:03-02-2016 Insurance Regulatory and Development Authority of India (Loans or Temporary advances to the Full-time Employees of the Insurers) Regulations, 2016 Insurance Laws (Amendment) Act 2015 has carried out amendments to the section 29. The amended Section 29 (3)(a) empowers the Authority to frame regulations on the loans or temporary advances to the… Read More »

Inflation Expectations Survey of Households December 2015

By | February 3, 2016

Source RBI Date : Feb 03, 2016 The Inflation Expectations Survey of Households for December – 2015 (42nd round) captures the inflation expectations of 4,828 urban households across 16 cities, for the next three month period and the next one year period. These expectations are based on their individual consumption baskets and hence these rates… Read More »

Consumer Confidence Survey December 2015

By | February 3, 2016

Source RBI Date : Feb 03, 2016 Consumer Confidence Survey: December 2015 The Consumer Confidence Survey provides an assessment of respondents’ perceptions on general economic conditions and own financial situation during the current period and a year ahead. The survey captures qualitative information on a three point scale i.e., improve, remain same or worsen, from… Read More »

CBEC circular on Indian Customs Single Window project , NOC Module and Lab Module

By | February 3, 2016

Extending the Indian Customs Single Window to other locations and other Participating Government Agencies Circular No. 03/2016-Cus F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ****** New Delhi, dated the 3 rd February, 2016 To, All Chief Commissioners of Customs / Customs (Preventive), All Chief Commissioners of… Read More »

Amend notification No. 12/2012- Customs

By | February 3, 2016

Seeks to further amend notification No. 12/2012- Customs dated 17.03.2012. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 7/2016-Customs New Delhi, the 2 nd February, 2016 G.S. R. (E).—In exercise of the powers conferred by sub-section (1)… Read More »

Govt allow refund of Swachh Bharat Cess paid on specified services used in an SEZ

By | February 3, 2016

Seeks to amend notification No. 12/2013- ST, dated the 1st July, 2013 so as to allow refund of Swachh Bharat Cess paid on specified services used in an SEZ. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  NOTIFICATION No. 02/2016-Service… Read More »

Govt allow refund of service tax on services used beyond any other place or premises

By | February 3, 2016

Seeks to amend notification No. 41/2012- ST, dated the 29th June, 2012 so as to allow refund of service tax on services used beyond the factory or any other place or premises of production or manufacture of the said goods for the export of the said goods and to increase the refund amount commensurate to… Read More »

MAGIC process lab at CSIR-National Chemical Laboratory, Pune

By | February 3, 2016

Dr. Harsh Vardhan inaugurates the “ MAGIC ” process lab at CSIR-National Chemical Laboratory, Pune The Union Minister for Science & Technology & Earth Sciences, Dr Harsh Vardhan, inaugurated a unique MAGIC [Modular, Agile, Intensified & Continuous] Process Lab at CSIR-National Chemical Laboratory (CSIR-NCL) Pune last evening. While inaugurating the facility he announced that “The… Read More »