Monthly Archives: November 2016

Govt approved simplification of Visa regime in India

By | November 30, 2016

Cabinet approves liberalization, simplification and rationalization of Visa regime in India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for liberalization, simplification and rationalization of the existing visa regime in India, and incremental changes in the visa policy decided by the Ministry of Home Affairs in consultation with… Read More »

National Anthem Mandatory for all cinema theatres to play before movie

By | November 30, 2016

S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Writ Petition(s)(Civil) No(s). 855/2016 SHYAM NARAYAN CHOUKSEY Petitioner(s) VERSUS UNION OF INDIA Respondent(s) Dated 30.11.2016 Summary of Judgment “Time has come for people to realise that the national anthem is a symbol of… Read More »

Less Cash Economy -Committee of Chief Ministers constituted by NITI Aayog

By | November 30, 2016

Committee of Chief Ministers to examine and implement measures to implement digital payment systems NITI Aayog has constituted a Committee of Chief Ministers representing different political parties to examine and promote the use of digital payment systems across the country. The move is in line with the Government’s thinking to promote transparency, financial inclusion and… Read More »

54 EC Capital Gains Bonds of NHAI for year 2016-17 -Details

By | November 30, 2016

 Details of 54 EC Capital Gains Bonds of NHAI for the year 2016-17 Credit Rating “CRISIL AAA/Stable” by CRISIL Ltd Face Value Rs. 10000/- per Bond Issue price Rs. 10000/- per Bond Minimum application size One Bond of Rs. 10,000/- Maximum application size 500 Bonds of Rs.10,000/- each (Rs.50,00,000) subject to fulfillment of other conditions… Read More »

Interest on 54EC Capital Gain Tax Exemption Bonds reduced

By | November 30, 2016

Reduction in Coupon Rate on 54 EC Bonds from 6% P.A. to 5.25% P.A.   National Highways Authority of India (NHAI) has been issuing long term Capital Gain Tax Exemption Bonds u/s 54EC of Income Tax Act 1961. The applicable rate of interest for bond series has been amended w.e.f 1stDecember, 2016 as detailed below:… Read More »

Helpline for Women in Railways

By | November 30, 2016

Helpline for Women in Railways To provide round the clock security related assistance to passengers, including women passengers, a three digit security helpline number 182 has already become functional through Divisional Security Control Rooms of Railway Protection Force (RPF) over Indian Railways. This helpline is manned by RPF personnel and can be accessed by passengers,… Read More »

Notification of Minimum Wages

By | November 30, 2016

Minimum Wages The Government has issued draft notification on 01.09.2016 to revise the Basic minimum wages for Agriculture, Construction, Non-Coal Mines, Stone-Mines, Sweeping and Cleaning, Watch & Ward and Loading/ Unloading workers, after consultation with the Minimum Wages Advisory Board.  The proposed amendments to the Minimum Wages Act, 1948,  inter-alia, includes applicability of minimum wages… Read More »

OIDAE Services excluded from telecommunication services under Place of Provision of Services Rules 2012

By | November 30, 2016

Seeks to amend Place of Provision of Services Rules, 2012 so as to exclude ‘online information and database access or retrieval services’ from the definition of ‘telecommunication services’. [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. 51/2016-Service… Read More »

Cash Withdrawal from Bank- RBI updated FAQ

By | November 30, 2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »