Daily Archives: October 22, 2015

Guidelines for Valuation of second hand machinery

By | October 22, 2015

Circular No. 25 /2015 F. No. 467/34/2006-Cus.V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 15th October 2015 All Principal Chief Commissioners All Chief Commissioners of Customs, All Chief Commissioners of Customs & Central Excise, All Directorate Generals, Chief Departmental Representative, All Principal Commissioners of Customs, All Principal… Read More »

Auction of longest ever government bonds with 40 year maturity on Friday by RBI

By | October 22, 2015

The Reserve Bank of India will start selling the longest ever government bonds with 40-year maturity, a move that will not only defer sovereign repayments but also, attract yield-hungry overseas investors to domestic debt market. The idea of floating long term bonds was actually mooted six months earlier when the finance secretary Rajiv Mehrishi hinted… Read More »

NABARD sanctioned 135 Crore to Haryana government

By | October 22, 2015

The National Bank for Agriculture and Rural Development (NABARD) today said it has sanctioned a loan of Rs 134.64 crore to the Haryana government under Rural Infrastructure Development Fund for 2015-16. The funds have been sanctioned for ‘Rehabilitation of JLN feeder system’ in three districts of Jhajjar, Rewari and Mahendergarh, NABARD Chief General Manager (Haryana)… Read More »

Insurance Joint ventures have to be Indian owned

By | October 22, 2015

All insurers having joint ventures with foreign players will have to ensure that the company is owned and controlled by the Indian stakeholders. As per the guidelines on ‘Indian owned and controlled’ insurance companies issued by the Insurance Regulatory and Development Authority of India (IRDAI), insurers will have to file an undertaking with the regulator… Read More »

States will have the flexibility to keep a slightly higher rate of S GST for some goods

By | October 22, 2015

Even as the composite rate for the goods and services tax (GST) is yet to be finalised, policymakers here have come to an understanding that the proposed comprehensive indirect tax will have equal central and state components (C-GST and S-GST). However, states will have the flexibility to keep a slightly higher rate of S-GST for… Read More »