Daily Archives: February 4, 2016

50% Indian to be made digital literate in 3 years

Fifty Per Cent Indians to be made digital literate in three years: Ravi Shanker Prasad Stage has been set for rapidly increasing digital literacy in the country. In three years time the Government aims to take digital literacy to atleast 50 per cent from the current level of 15 per cent. Minister for Telecom and… Read More »

RULES ON PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) RULES, 2013 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF WOMEN AND CHILD DEVELOPMENT NOTIFICATION New Delhi, the 9th December, 2013 G.S.R. 769(E).—In exercise of the powers conferred by section 29 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and… Read More »

THE COMMERCIAL COURTS, COMMERCIAL DIVISION AND COMMERCIAL APPELLATE DIVISION OF HIGH COURTS ACT , 2015

THE GAZETTE OF INDIA EXTRAORDINARY [PART II — Section 1 ] MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 1st January, 2016 The following Act of Parliament received the assent of the President on the 31st December, 2015, and is hereby published for general information:— THE COMMERCIAL COURTS, COMMERCIAL DIVISION AND COMMERCIAL APPELLATE… Read More »

5th Edition of the Status Paper on Government Debt released

 Overall liabilities of the Central Government are on a medium-term declining trajectory with the Government’s debt portfolio characterized by prudent risk profile Since 2010-11, the Central Government has been bringing-out an Annual Status Paper on Public Debt that provides a detailed analysis of the overall debt position of the Government of India. This is the… Read More »

Interest on Short term Deposit before project commencement is not income ,will reduce project cost

HELD The investment in mutual funds was temporarily placed by the appellant company in order to ensure liquidity and availability of money as and when required and accordingly inextricably linked with the setting up of the power plant Interest Received from Income tax department  on TDS Refund has been earned from the funds borrowed for… Read More »

Penalties can be imposed on firm and the partners simultaneously under Custom Act

Held  simultaneous penalties can be imposed on the firm and the partners under the Act and more  particularly under Section 112(a) of the Act. However as the Act itself  stipulates, the  same  would be subject to the  parties proving that the contravention has taken place without their knowledge or despite exercise of all due diligence to prevent such contravention. HIGH COURT OF BOMBAY Amritlakshmi Machine Works v. Commissioner of Customs (import),Mumbai M. S. SANKLECHA, M.S. SONAK AND G.S. KULKARNI, JJJ. CUSTOMS APPEAL NOS. 100 TO 103 OF 2012 JANUARY  29, 2016 Naresh Thacker, C. Nanda and Chirag Shetty for the Appellant. A.S. Rao and… Read More »