Information regarding the Enemy property (Amendment and Validation) Ordinance, 2016 (1 of 2016) – for re-publication in the State Gazette The Enemy property (Amendment and Validation) Ordinance, 2016 (1 of 2016), which has been promulgated by the president on 7th January, 2016 and is published in the Gazette of India Extraordinary, Part-II, Section 1, dated… Read More »
Solar Power Capacity Crosses Milestone of 5,000 MW in India On the auspicious occasion of Makar Sankranti/Pongal, the installed capacity of solar power in India crossed the milestone of 5,000 MW yesterday. The cumulative installed capacity has reached to 5,130 MW with installed capacity of 1385 MW in current FY. The state-wise break-up of 5,130… Read More »
The Juvenile Justice (Care and Protection of Children) Act, 2015 comes into force from today The Juvenile Justice (Care and Protection of Children) Act, 2015 has come into force from today and repeals the Juvenile Justice (Care and Protection of Children) Act, 2000. The Juvenile Justice (Care and Protection of Children) Bill, 2015 was passed… Read More »
Government committed to Promoting and Strengthening inclusive and sustainable Development by ensuring proper and effective Utilization of Funds without compromising Fiscal Consolidation Government is committed to promoting and strengthening inclusive and sustainable development by ensuring proper and effective utilization of funds provided in the Annual Budget without compromising fiscal consolidation. As a result of sound… Read More »
Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously. As a result of the… Read More »
CBDT: Initiatives for Reducing Litigation Reducing litigation with the taxpayers has been a key focus area for the Income Tax Department. Several initiatives have been taken by the Central Board of Direct Taxes in the last three months up to December 2015 to significantly reduce disputes and provide relief to taxpayers facing long standing litigation.… Read More »
RBI/2015-16/291 DBR.CID.BC.No.73/20.16.56/2015-16 January 14, 2016 All Scheduled Commercial Banks (including RRBs) All Credit Information Companies Dear Sir/ Madam Credit information reporting in respect of Self Help Group (SHG) members Please refer to the instructions contained in paragraph (v) of the Annex III to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated 27 June, 2014 advising banks to report the… Read More »
RBI/2015-16/289 FIDD.CO.LBS.BC. No.17/02.01.001/2015-16 January 14, 2016 The Chairman and Managing Director Scheduled Commercial Banks including RRBs Dear Sir/Madam, Direct Benefit Transfer (DBT) Scheme –Seeding of Aadhaar in Bank Accounts – Clarification Please refer to circular RPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013 regarding the use of Aadhaar to facilitate delivery of social welfare benefits by direct credit… Read More »
RBI/2015-16/288 DBR.No.BAPD.BC.72/22.01.001/2015-16 January 14, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Section 23 of Banking Regulation Act, 1949 -Relaxations in Branch Authorisation Policy – Off Site ATMs Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at… Read More »
RBI/2015-16/287 A.P. (DIR Series) Circular No. 39 January 14, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Export of Goods and Services – Project Exports Attention of Authorised Dealers is invited to Regulation 18 of Notification No. FEMA 23/2000-RB dated 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services)… Read More »