Monthly Archives: August 2016

Basic Minimum Wages for Central Sphere Workers Revised

By | August 31, 2016

Basic Minimum Wages for Central Sphere Workers Revised Minimum Wages to be Rs.350/- Per Day for Unskilled Non-Agricultural Workers for ‘C’ Category Areas Shri Arun Jaitely, the Union Finance Minister, the Union Minister of State(IC) for Labour and Employment Shri Bandaru Dattatreya and Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and… Read More »

Government to issue 5thTranche of Sovereign Gold Bonds from 1st sept to 9th sept

By | August 31, 2016

Government to issue Fifth Tranche of Sovereign Gold Bonds: Applications for the Bonds will be accepted from 1st September to 9th September, 2016 and Bonds will be issued on 23rd September,2016.  The Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue 5th Tranche of Sovereign Gold Bonds. Applications… Read More »

CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers

By | August 31, 2016

CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers The Central Board of Direct Taxes (CBDT) entered into twenty (20) Unilateral Advance Pricing Agreements (APAs) yesterday and today, i.e., 29th August, 2016 and 30th August, 2016, with Indian taxpayers. Many of these agreements also have a “Rollback” provision in them. The APA Scheme was… Read More »

Scheme of Rebate of State Levies on Export of Garments 2016

By | August 31, 2016

DIRECTORATE GENERAL OF SYSTEMS CUSTOMS & CENTRAL EXCISE, C.R.BUILDING, I.P.ESTATE, NEW DELHI-110 109 F.No. IV(23)/14/2016-Systems Dated: 26.08.2016 To, All Principal Commissioner of Customs, All Principal Commissioner of Customs and Central Excise, All Commissioner of Customs, All Commissioner of Customs and Central Excise. Subject: – Scheme of Rebate of State Levies on Export of Garments 2016… Read More »

Transportation of passengers embarking from or terminating in Regional Connectivity Scheme airports

By | August 31, 2016

Seeks to amend Notification No. 26/2012- Service Tax dated 20.06.2012, by inserting of entry “5A” for transportation of passengers embarking from or terminating in a Regional Connectivity Scheme (RCS) airports, with abatement of 90%,for a period of one year from the date of commencement of operations of the Regional Connectivity Scheme (RCS) airport, with condition… Read More »

Rules restricting appearance of outside lawyer in court without local lawyer are valid: SC

By | August 31, 2016

SUPREME COURT OF INDIA Jamshed Ansari v. High Court of Allahabad A.K. SIKRI AND N.V. RAMANA, JJ. CIVIL APPEAL NO. 6120 OF 2016 AUGUST  26, 2016 JUDGMENT A.K. Sikri, J. – The appellant has challenged the judgment dated 28.04.2015 passed by the High Court of Judicature at Allahabad whereby writ petition filed by the appellant… Read More »

West Bengal blows hot and cold on GST

By | August 31, 2016

The plan to roll out the goods and services tax (GST) hit a rough patch over the weekend after a last-minute show of brinkmanship by West Bengal. The state, without putting forth any specific reason, abruptly decided to defer its plan to ratify the constitutional amendment enabling roll-out of GST. While this is unlikely to… Read More »

Category: GST

Financial Literacy Centres – Revised reporting format

By | August 31, 2016

RBI/2016-17/40 FIDD.FLC.BC.No.12/12.01.018/2016-17 August 25, 2016 To Chairman/MD & CEO Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Financial Literacy Centres – Revised reporting format Please refer to our circular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016 on Financial Literacy Centres (FLCs)-Revised guidelines enclosing therewith the reporting Mechanism (Annex III- Part A, B, and C) for FLCs and rural… Read More »

Category: RBI

Pradhan Mantri Fasal Bima Yojna-Non-feeding of data by bank branches in the Crop Insurance Portal of MoA&FW

By | August 31, 2016

RBI/2016-17/41 FIDD.CO.FSD.BC.11/05.10.007/2016-17 August 25, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir Pradhan Mantri Fasal Bima Yojna-Non-feeding of data by bank branches in the Crop Insurance Portal of MoA&FW. Please refer to our circular FIDD.No.FSD.BC20/05.10.007/2015-16 dated March 17, 2016 advising you to ensure strict compliance of the… Read More »

Category: RBI