Daily Archives: March 19, 2016

RBI Framework for Revival and Rehabilitation of MSMEs

RBI/2015-16/338 FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs,… Read More »

Govt clarify Excise Duty on Jewellery

Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures.  In the General Budget for 2016-17, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery with simplified procedures.  Salient… Read More »

Govt reduced Interest Rates on Small Savings Schemes

Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified; Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified today. From the year 2012-13, the interest rates… Read More »

Route for Amarnath Yatra

Route to Holy Cave during Amarnath Yatra There are two routes to the Holy Cave one is BALTAL Route and another is PHALGAM route. The distance and  time taken for  journey upto Holy Cave by two routes is given below: Baltal Axis (District Ganderbal)  Location Distance Mode of Trspt By Air ByMech.Trpt By pony Neelgrath… Read More »