Daily Archives: February 11, 2016

Market value of Rural Land shall be multiplied by 2 : Govt notify

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] NOTIFICATION New Delhi, the 9th February, 2016 S.O. 425(E).—In exercise of the powers conferred by column no. 3 of serial no. 2 of the First Schedule read with sub-section (2) of section 30 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and… Read More »

Govt notify Land limit for purchase by Private negotiation under land Acquisition Act

The Gazette of India EXTRAORDINARY PART II—Section 3—Sub-section (ii) MINISTRY OF RURAL DEVELOPMENT NOTIFICATION New Delhi, the 9th February, 2016 S.O. 424(E).—In exercise of the powers conferred by sub-section (1) of section 46 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (No. 30 of 2013), the Central… Read More »

ICAI released Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013

Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013 Download Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013     Click to View Guidance Note on Accounting for Depreciation as per Schedule II to the Companies Act, 2013 – (11-12-2016)

Policyholders can take insurance from any insurer :IRDA

Source : Insurance Regulatory  and Development Authority of India Ref:IRDA/NL/CIR/MISC/024/02/2016 Date:10-02-2016 It is well known fact that policyholders have a prerogative to choose any agent, intermediary or any insurer to avail of insurance services. Of late, it has come to the notice of the Authority that some general insurance companies having tie-ups with a particular… Read More »

IRDA issues draft on Issuance of e – insurance policy

Source : Insurance Regulatory and Development Authority of India 11-02-2016 Consequent upon promulgation of Insurance Laws (Amendment) Act, 2015 a new section in the Insurance Act, 1938 has been incorporated which reads as under- Section 14(2) of the Insurance Act, 1938, has given the provision that “Every insurer shall, in respect of all business transacted… Read More »

Basel III Framework on Liquidity Standards

RBI/2015-16/320 DBR. BP. BC. No. 77/21.04.098/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to our circulars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 and DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014 on ‘Basel III… Read More »

Regulatory relaxations for start-ups by RBI

Source : RESERVE BANK OF INDIA RBI/2015-16/318 A.P. (DIR Series) Circular No. 51 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign currency accounts… Read More »

Online submission of Form A2 by the remitter allowed by RBI

Source : Reserve Bank of India RBI/2015-16/317 A.P. (DIR Series) Circular No. 50 February 11, 2016 To, All Authorised Dealers in Foreign Exchange Madam / Sir, Compilation of R-Returns: Reporting under FETERS Attention of Authorised Dealer (Category I) banks is invited to A.P.(DIR Series) Circular No.84 dated February 29, 2012 giving guidelines for compilation of… Read More »

Withdrawal of all old series of Banknotes issued prior to 2005

Source : Reserve Bank of India RBI/2015-16/316 DCM (Plg) No.G- 9/2856/10.27.00/2015-16 February 11, 2016 The Chairman / Managing Director / Chief Executive Officer All State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No.G-15/5486/10.27.00/2014-15… Read More »

Banks to adopt Indian Accounting Standards w.e.f 01.4.2018 : RBI

Source Reserve Bank of India RBI/2015-16/315 DBR.BP.BC.No.76/21.07.001/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also… Read More »

Result of Indian Forest Service Examination 2015

Indian Forest Service Examination, 2015        Based on the result of the Indian Forest Service (Main) Examination 2015 held by Union Public Service Commission in Nov-Dec, 2015 followed by Personality Test in Jan-Feb, 2016, the following is the list, in order of merit, of candidates who have been recommended for appointment to posts in Indian… Read More »

Indian Shooter clinched Gold in 3 categories in SAG

SAG Indian dominance in shooting Indian Shooter clinched Gold in three categories at the 12th SAG today. Chain Singh won Gold in 50m Rifle Prone Men Individual, Samaresh Jung in 25m Center Fire Pistol Men Individual and Gagan Narang, Chain Singh, Surendra Singh Rathod in 50m Rifle Prone Men Team. Pemba Tamang won Silver while… Read More »

First time Aquifer Mapping in large scale in India

For the first time Aquifer Mapping has been taken on such a large scale in the Country Advanced Technologies are being used for Mapping in Certain Areas Progress Of Aquifer Mapping   This is the first time that aquifer mapping has been taken on such a large scale in the Country. Advanced technologies like heli-borne… Read More »

23 cities participating in Fast Track Competition for Smart City

23 cities participating in Fast Track Competition informed of gaps in their Smart City Proposals Cities to be helped to improve proposals to the level of first batch of 20 winners Workshop soon for learning from winners of competition and bridging gaps Ministry of Urban Development has communicated the gaps in respective Smart City Proposals… Read More »

Govt to support Ethanol blending of Petrol in a big way

Government to support Ethanol blending of Petrol in a big way: Petroleum Minister The Minister of State (Independent Charge) for Petroleum and Natural Gas, Shri Dharmendra Pradhan has expressed the Government’s commitment for time bound execution of initiatives to introduce Ethanol blended Petrol and Bio diesel in the country. Inaugurating a National Seminar on “Lignocellulose… Read More »

India committed to eliminating Malaria by 2030

Shri J P Nadda launches the National Framework for Elimination of Malaria India stands committed to eliminating Malaria by 2030: J P Nadda “India stands committed to eliminating Malaria and is committed to allocating infrastructure and financial resources to this task”, said Shri J P Nadda, Union Minister for Health & Family Welfare, here today.… Read More »

FAQ on ISO 9000

Q.1 What is ISO 9000 and for whom it is applicable? International Organization for Standardization evolved ISO 9000 series of standards in 1987. These are quality assurance system standards. First revision came in July 1994 and second revision on December 15,2000. Henceforth, there will be only one standard i.e ISO-9001:2000. These standards are customer oriented… Read More »

FAQ’s on India Handloom Brand

What is the India Handloom Brand ? India Handloom Brand is an initiative of the Ministry of Textiles, Government of India, for branding of high quality handloom products. The India Handloom Brand would be an endorsement of the high quality of the handloom products to which it is applied in terms of raw materials, processing,… Read More »

India Handloom Brand Goes Online

Government is committed to raise the market positioning of handloom products: Textiles Secretary The integrated website of ‘India Handloom’ Brand www.indiahandloombrand.gov.in was launched today by Mrs. Rashmi Verma, Secretary to Government of India, Ministry of Textiles. The website is a one stop platform for all services to consumers, bulk buyers and handloom producers. The website will… Read More »

SAG Indian eves win 10m Air Rifle

SAG Indian eves win 10m Air Rifle In 10m Air Rifle Women Individual shooting competition India swept Gold, Silver and Bronze Medals. Apurvi Chandela clinched the Gold, Silver won by Pooja Ghatakar while Elizabeth Susan Koshy settled for Bronze Medal.

Rs.10 lakh award announced to Indian Volleyball teams

SAG Cash award announced to Indian Volleyball teams Volleyball Federation of India has announced an award of Rs.10 lakh for both the Men and Women teams for winning Gold Medals in the 12th South Asian Games at Guwahati. This was announced by the president of Volleyball Federation of India, Chaudhary Avadhesh Kumar to acknowledge and… Read More »

Paperless Unreserved Ticketing Mobile Application of Railway

Railway Minister inaugurates three IT enabled projects viz. (i) Hand Held Terminals for TTEs (ii) Paperless Unreserved Ticketing Mobile Application and (iii) E-booking of Disposable Linen on Trains  Shri Suresh Prabhakar Prabhu, Union Minister of Railways  during a function held at Rail Bhawan today i.e.  10.02.2016 launched three IT enabled projects through Video-Conferencing which included… Read More »

G-Noc Nerve Centre of EPFO

Bandaru Dattatreya Inaugurates Global Network Operations Centre (G-Noc) Of EPFO G-Noc to Function as the Nerve Centre of all it Operations of EPFO G-Noc – 24×7 Monitor and Trouble Shooter Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) today inaugurated the Global Network Operations Centre (g-NOC) of Employees Provident Fund Organisation(EPFO)at… Read More »