Subsidies on Commodities The subsidy bill of the Central Government has remained in the range of Rs. 2.50 lakh crore to Rs. 2.58 lakh crore during the period, 2014-15 to 2016-17 (Budget Estimates). The fiscal deficit of the Central Government, which is the difference between total expenditure and non-debt receipts, has been in the range… Read More »
Carry Forward of Unspent CSR Funds The Ministry of Corporate Affairs in its circular dated 12th January 2016, has clarified that, the Board of the Company is free to decide whether any unspent amount from out of the minimum required CSR expenditure is to be carried forward to the next year. This provision is uniformly… Read More »
Investigation of Corporate Frauds by SFIO To investigate corporate frauds of serious and complex nature the Government has set up a Serious Fraud Investigation Office (SFIO). The SFIO established vide Government of India’s Resolution No. 45011/16/2003-Admn-I dated 02-07-2003, has been notified under sub-section (1) of Section 211 of the Companies Act, 2013, vide Government of… Read More »
Indian Railways appoints Ernst & Young (EY) as consultant to tap advertising potential of stations and trains EY to identify assets and pricing strategy across 7000 stations for the purpose of advertising This is the first time in the country that such a large scale project on advertising for Railways has been initiated. The… Read More »
Ship Building Capacity of Indian Navy The current ship building capability of defence shipyards meets the requirements of the Indian Navy. Presently, all major warships and submarines under construction are being built at the Indian Shipyards, these include both DPSUs as well as Private Shipyards. Mazagon Dock Shipbuilders Limited (MDL) and Garden Reach Shipbuilders Engineers… Read More »
Achievements made by DRDO Defence Research and Development Organisation (DRDO) is a Mission Mode Organisation, which is primarily engaged in design and development of strategic, complex and security sensitive systems for the Armed Forces. DRDO has developed number of systems/products/ technologies, a large number of which have already been productionised. The value of systems/products/technologies developed… Read More »
Held “No person of private or Government sector shall be permitted to fix a board, plaque or plate in front or back of a vehicle for any reason whatsoever. The fixation of such boards, plates or plaques are not permissible under Rule 50 referred hereinabove.Such boards, plates or plaques should be removed immediately while plying on road and should… Read More »
THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) BILL, 2016
Held The conditions for a Hindu marriage are informed in Section 5 of the Hindu Marriage Act, 1955. Section 5(3) places requirement that the bridegroom should have been completed aged of 21 years and the bride 18 years at the time of marriage. Noteworthy it is that the breach of such condition does not render… Read More »
Issue of clarification on contentious TDS issues on payments made by Television channels, Broadcasters and Newspapers With a view to bring about clarity in the interpretation of certain contentious issues relating to Tax Deduction at Source (TDS) on payments made by television channels, broadcasters and newspapers, Central Board of Direct Taxes has issued two Circulars.… Read More »