Daily Archives: February 21, 2016

CBDT Clarifications for implementation of FATCA and CRS

F.No. 504/090/2007-FTD-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax & Tax Research Division) 19th February, 2016 Clarifications for implementation of FATCA and CRS Currency For the upcoming reporting in March 2015 and May 2016, all reporting has to be done in INR. For the reporting in… Read More »

Rules for Appointment of Chairman of Appellate Tribunal for forfeited properties

APPELLATE TRIBUNAL FOR FORFEITED PROPERTY (PROCEDURE FOR APPOINTMENT OF CHAIRMAN) RULES, 2016 NOTIFICATION NO. GSR 138(E) [F.NO.A.12011/1/2015-SO (CA)], DATED 2-2-2016 In exercise of the powers conferred section 12(2) read with sec. 26(2)(c) of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, (SAFEMA), 1976, and section 68N(2) read with section 76(2)(h) of the Narcotics… Read More »

Public announcement not required to acquire shares of dissenting shareholders

SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016 – AMENDMENT IN REGULATION 3 NOTIFICATION NO.SEBI/LAD-NRO/GN/2015-16/035, DATED 17-2-2016 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 13(8) and section 27(2) of the Companies Act, 2013, the Board… Read More »

Interview of Finance Secretary Shri Ratan P Watal

Finance secretary: Present Government is fully committed to the principle of cooperative federalism both in the letter and spirit; More untied grants are now being given to the States; Allocation to States for local bodies increased from Rs. 87,519 crore under 13th Finance Commission to Rs.2.87 lakh crore under the 14th Finance Commission. The Finance… Read More »

Additional Flights from Chandigarh to Delhi

Ministry of Civil Aviation Organizes Additional Flights In view of ongoing road blockades and disturbance in Haryana, the Ministry of Civil Aviation has organised  additional flights, the details of which are as follows: (1) Air India- Date – 21.2.16 Delhi – Chandigarh- Amritsar-Delhi Departure timings  : Delhi (1730) Chandigarh (1910) Amritsar (2035) Delhi SpiceJet– Date… Read More »

National Rurban Mission launched by Prime Minister

PM launches National Rurban Mission The Prime Minister, Shri Narendra Modi, today launched the National Rurban Mission from Kurubhat, in Rajnandgaon district of Chhattisgarh. Speaking on the occasion, the Prime Minister described the Rurban Mission as one which would enable cluster based development – with a “rural soul and urban amenities.” He said this scheme… Read More »

DVAT Dealer need not to submit DVAT 56 acknowledgement if return filed with Digitial Signatures

DELHI VALUE ADDED TAX (AMENDMENT) RULES, 2016 AMENDMENT IN RULE 28 NOTIFICATION NO.F.3(28)/FIN (REV-I)/2015-2016/DSVI/42, DATED 11-2-2016 In exercise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the following rules further to… Read More »

SPV formed for implementation of Smart City Plans

Special Purpose Vehicles formed for implementation of Smart City Plans ; MP, Rajasthan take lead 23 Losers of Smart City Competition to meet 20 winners for peer learning Shri Venkaiah Naidu to address the cities on challenges ahead Madhya Pradesh and Rajasthan have taken the lead in setting up Special Purpose Vehicles (SPV) for the… Read More »

Ksheer Scanner Systems for Detection of Adulteration and Analysis of Milk

Minister for Science & Technology and Earth Sciences Dr. Harsh Vardhan Dedicates Systems for Detection of Adulteration and Analysis of Milk  He complimented the Central Electronics Engineering Research Institute (CSIR-CEERI), Pilani of CSIR for developing this platform technology to tackle a national level health hazard due to adulteration in milk. The Minister said that he… Read More »

Government proposes to strike down irrelevant laws

Government proposes to strike down several “irrelevant” laws: Dr Jitendra Singh Aims to achieve the goal of ‘minimum government and maximum governance’ Addressing a meeting of Department of Personnel and Training (DoPT) to review the action plan for the year 2016, Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS… Read More »

Technology Centre at Baddi

Technology Centre at Baddi a step towards realising PM’s vision of Skill India: Shri J P Nadda Union Health and Family Welfare Minister Sh. J P Nadda today congratulated the people of Himachal Pradesh for getting a technology Centre at Baddi in Solan district. Sh. Nadda said, “This is an important milestone for the people… Read More »