Category Archives: Finance

View Pension Passbook : EPFO Introduces service through Umang App

By | May 3, 2018

Ministry of Labour & Employment EPFO Introduces ‘View Pension Passbook’ Service for the pensioners through Umang App Posted On: 03 MAY 2018 12:48PM by PIB Delhi Employees’ Provident Fund Organisation (EPFO), which is providing a host of e-services for its stakeholders, has now introduced a new service through ‘UMANG app’. On clicking ‘View Passbook’ option, it requires PPO… Read More »

PMVVY : Govt doubled Investment Limit for Senior Citizen to Rs 15 Lakh

By | May 3, 2018

Cabinet Cabinet approves Doubling of Investment Limit for Senior Citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan MantriVayaVandanYojana (PMVVY) Enables upto Rs. 10000 Pension per month for Senior Citizens Time limit for subscription under PMVVY extended from 4thMay, 2018 to 31st March, 2020 Reflection of Government commitment to financial inclusion and social security… Read More »

Electoral Bond Scheme 2018 : Authorised Branches of SBI

By | April 24, 2018

Ministry of Finance Electoral Bond Scheme 2018: Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 24 APR 2018 3:34PM by PIB Delhi Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds… Read More »

Receipt & Management of Confiscated Properties Rules 2018 under Fugitive Economic Offenders

By | April 24, 2018

The Government has notified the the Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th April, 2018 G.S.R. 397(E).—In exercise of the powers conferred by clause (g) of sub-section (2) of section 23 of the Fugitive Economic Offenders Ordinance, 2018 (1… Read More »

Provisional Attachment Order Rule 2018 under Fugitive Economic Offenders

By | April 24, 2018

The Government has notified the Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018. The Rules provide for the manner of issuance of provisional attachment order under the Fugitive Economic Offenders Ordinance 2018 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th April, 2018 G.S.R. 395(E).—In exercise of the powers conferred by… Read More »

Issuance of Attachment Order under Fugitive Economic Offenders Rules 2018

By | April 24, 2018

The Government has notified the Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018. The Rules provide for Manner of issuance of attachment order MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th April, 2018 G.S.R. 394(E).—In exercise of the powers conferred by clause (b) of sub-section (2) of section 23 of the… Read More »

Application for Declaration of Fugitive Economic Offender Rules 2018

By | April 24, 2018

Application for Declaration of Fugitive Economic Offender Rules 2018. The Government has notified Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules 2018 The Rules provide for the manner of forwarding an application for declaration of Fugitive Economic Offender under the Fugitive Economic Offenders Ordinance 2018. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION… Read More »

Fugitive Economic Offenders Forms, Search and Seizure Rules 2018

By | April 24, 2018

The Government has notified the Fugitive Economic Offenders (Forms, Search and Seizure and the Manner of Forwarding the Reasons and Material to the Special Court) Rules, 2018 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th April, 2018 G.S.R. 396(E).—In exercise of the powers conferred by clause (d) of sub-section (2) of… Read More »

Administrator appointed under Fugitive Economic Offenders Ordinance, 2018

By | April 24, 2018

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 24th April, 2018 S.O. 1730(E).—In exercise of the powers conferred by sub-section (1) of section 15 of the Fugitive Economic Offenders Ordinance, 2018 (1 of 2018), the Central Government hereby appoints the Special Directors of Enforcement of the Regional Offices of the Directorate of… Read More »

Officers authorized under Fugitive Economic Offenders Ordinance 2018 : Notification

By | April 24, 2018

Officers authorized under Fugitive Economic Offenders Ordinance 2018 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 24th April, 2018 S.O. 1729(E).—In exercise of the powers conferred by clause (a) of section 9 of the Fugitive Economic Offenders Ordinance, 2018 (1 of 2018), the Central Government hereby authorises officers not below the rank… Read More »

Fugitive Economic Offenders Ordinance 2018 : Download Notification

By | April 22, 2018

THE FUGITIVE ECONOMIC OFFENDERS ORDINANCE, 2018 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 21st April, 2018/Vaisakha 1, 1940 (Saka) THE FUGITIVE ECONOMIC OFFENDERS ORDINANCE, 2018 NO. 1 OF 2018 Promulgated by the President in the Sixty-ninth Year of the Republic of India. An Ordinance to provide for measures to deter fugitive economic… Read More »

New NPS Subscriber Registration Form Prescribed by PFRDA

By | April 20, 2018

Ministry of Finance Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements Posted On: 20 APR 2018 11:27AM by PIB Delhi Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the… Read More »

There is no Shortage of Cash with RBI : Govt

By | April 17, 2018

Ministry of Finance Government reviews the currency circulation in the country Government and RBI have taken all steps to meet unusual demand of the currency Adequate reserves of currency to meet the rising demands Non Functional ATMS to be normalized soon Posted On: 17 APR 2018 1:41PM by PIB Delhi There are reports of cash… Read More »

Electoral Bonds : Govt clarifies in-built security features

By | April 17, 2018

Ministry of Finance Government clarifies the in-built security features of the Electoral Bonds Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the serial number with anybody, including the Government and users Posted On:… Read More »

Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines

By | April 14, 2018

Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines Reserve bank of India has issued Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines RBI/2017-18/164 IDMD.CDD.No.2652/14.04.050/2017-18 April 13 2018 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock… Read More »

Interest rates for Small Savings Schemes for Q1 FY 2018-19 (01.04.2018 to 30.06.2018)

By | April 13, 2018

RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the… Read More »

Section 122 of Finance Act 2018 : Amendment of section 6

By | April 1, 2018

Section 122 of Finance Act 2018 [Section 122 of Finance Act 2018 deals with Amendment of section 6 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 6 122. In section 6 of the principal Act, for the words, brackets, figures and letter “any such Bank or any officer empowered under sub-section (4) of section 4A”, the… Read More »

Section 124 of Finance Act 2018 : Insertion of new section 7A

By | April 1, 2018

Section 124 of Finance Act 2018 [Section 124 of Finance Act 2018 deals with Insertion of new section 7A and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 7A 124. After section 7 of the principal Act, the following section shall be inserted, namely:— “7A. Power to call for information.—The Central Government through any designated authority, may… Read More »

Section 125 of Finance Act 2018 : Amendment of section 8

By | April 1, 2018

Section 125 of Finance Act 2018 [Section 125 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 125. In section 8 of the principal Act, for the words “three thousand rupees”, the words “the prescribed limit” shall be substituted. Finance Act 2018 : Assented by President… Read More »

Section 123 of Finance Act 2018 : Amendment of section 7

By | April 1, 2018

Section 123 of Finance Act 2018 [Section 123 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 7 123. In section 7 of the principal Act, for the words, brackets, figures and letter “any such Bank or any officer empowered under sub-section (4) of section 4A”, the… Read More »

Section 121 of Finance Act 2018 : Amendment of section 5

By | April 1, 2018

Section 121 of Finance Act 2018 [Section 121 of Finance Act 2018 deals with Amendment of section 5 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 5 121. In section 5 of the principal Act,— (i) for the words “But nothing”, the word “Nothing” shall be substituted; (ii) for the words “And any creditor”, the words… Read More »

Section 119 of Finance Act 2018 : Amendment of section 4

By | April 1, 2018

Section 119 of Finance Act 2018 [Section 119 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 119. In section 4 of the principal Act,— (a) for sub-section (1), the following sub-section shall be substituted, namely:— “(1) The depositors shall designate one or more individuals, as… Read More »

Section 120 of Finance Act 2018 : Amendment of section 4A

By | April 1, 2018

Section 120 of Finance Act 2018 [Section 120 of Finance Act 2018 deals with Amendment of section 4A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4A 120. In section 4A of the principal Act,— (a) after sub-section (3), the following sub-section shall be inserted, namely:— “(3A) Where the deposit belongs to a minor or to… Read More »

Section 118 of Finance Act 2018 : Substitution of new sections 3, 3A and 3B for section 3.

By | April 1, 2018

Section 118 of Finance Act 2018 [Section 118 of Finance Act 2018 deals with Substitution of new sections 3, 3A and 3B for section 3. and is covered in CHAPTER VIII MISCELLANEOUS] Substitution of new sections 3, 3A and 3B for section 3. 118. For section 3 of the principal Act, the following sections shall be substituted, namely:—… Read More »

India’s Contribution to World’s GDP

By | March 28, 2018

Ministry of Finance India’s Contribution to World’s GDP Posted On: 28 MAR 2018 4:00PM by PIB Delhi As per the information available from World Bank and International Monetary Fund (IMF), the contribution of India to world’s Gross Domestic Product (GDP), measured as share of GDP of India in world GDP (at current prices in US$… Read More »

Sale of Electoral Bonds through SBI w.e.f. 02.04.2018 to 10.04.2018.

By | March 28, 2018

Ministry of Finance Electoral Bond Scheme 2018 Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 28 MAR 2018 5:15PM by PIB Delhi Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds… Read More »

HDFC Bank RTGS & NEFT Form in PDF Format : Download / Print

By | March 28, 2018

HDFC Bank RTGS & NEFT Form in PDF Format. Download HDFC Bank RTGS and NEFT Application Form in PDF Format. Download HDFC Bank NEFT Form in PDF Format, Download HDFC Bank RTGS Form in PDF Format. Download Latest & Updated HDFC Bank RTGS / NEFT Form in PDF format. Request form of RTGS/ NEFT for HDFC Bank.… Read More »

SBI RTGS & NEFT Form : Download – Print in PDF Format

By | March 27, 2018

SBI RTGS / NEFT Form in PDF Format. Download State Bank of India –  SBI Bank RTGS  NEFT Application Form in PDF Format. Download SBI Bank RTGS NEFT Form in PDF Format, Download SBI RTGS NEFT Form in PDF Format. Download Latest & Updated SBI Bank RTGS / NEFT Form in PDF format. Request form of… Read More »

The Chit Funds (Amendment) Bill 2018 : Download ( as Introduced in Lok Sabha)

By | March 14, 2018

The Chit Funds (Amendment) Bill 2018 STATEMENT OF OBJECTS AND REASONS The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income households. The chit is a mechanism which combines credit and savings in a… Read More »

Fugitive Offender Bill 2018 : Download ( As introduced in Lok sabha )

By | March 13, 2018

Fugitive Offender Bill 2018 The Govt. of India has introduced the Fugitive Offender Bill, 2018 to attach assets of offenders. The Offender Bill will provide measures to deter fugitive offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts. STATEMENT OF OBJECTS AND REASONS There have been several… Read More »

Payment of Gratuity (Amendment) Bill 2017 introduced in Lok Sabha

By | March 11, 2018

AS INTRODUCED IN LOK SABHA Bill No. 205 of 2017 THE PAYMENT OF GRATUITY (AMENDMENT) BILL, 2017 A BILL further to amend the Payment of Gratuity Act, 1972. BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— 1. Short title and commencement. (1) This Act may be called the… Read More »

Govt Proposed to merge PPF and Government Savings Certificates with Government Savings Banks Act,

By | March 9, 2018

Ministry of Finance Public Provident Fund (PPF) account Posted On: 09 MAR 2018 5:58PM by PIB Delhi At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor… Read More »

How to File Trademark Application

By | March 9, 2018

Trademark What is a Trademark? A Trademark generally refers to a “brand” or “logo”. Trademark registration can also be obtained for a business name, distinctive catch phrases, taglines or captions. Importance of Trademark:  Trademarks are an effective communication tool. In a single brand or logo, trademarks can convey intellectual and emotional attributes and messages about… Read More »

Govt approved Arbitration and Conciliation (Amendment) Bill 2018

By | March 8, 2018

Cabinet Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018 Posted On: 07 MAR 2018 7:22PM by PIB Delhi The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in the Parliament. It is a part of the efforts of the Government to encourage… Read More »

Opening of bank branches in villages

By | March 7, 2018

Ministry of Finance Opening of bank branches in villages Posted On: 06 MAR 2018 6:05PM by PIB Delhi Reserve Bank of India (RBI), vide, its circular dated 8.6.2017 advised all the State Level Bankers’ Committees (SLBCs) Convenor Banks to review and identify Unbanked Rural Centres (URCs) in villages with population above 5000 and ensure that… Read More »

Partial Withdrawal under NPS allowed after 3 years

By | March 7, 2018

Ministry of Finance Partial Withdrawal under NPS Posted On: 06 MAR 2018 6:08PM by PIB Delhi The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber… Read More »

National Financial Reporting Authority approved by Govt

By | March 1, 2018

Cabinet Cabinet approves Establishment of  National Financial Reporting Authority Posted On: 01 MAR 2018 6:52PM by PIB Delhi The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one… Read More »