Finance Bill 2016 Equalisation Levy With the expansion of information and communication technology, the supply and procurement of digital goods and services have undergone exponential expansion everywhere, including India. The digital economy is growing at ten per cent per year, significantly faster than the global economy as a whole. Currently in the digital domain, business… Read More »
Finance Bill 2016 Change in rate of Securities Transaction tax in case where option is not exercised Section 98 of the Finance (No.2) Act, 2004 provides that the securities transaction tax on sale of an option in securities where option is not exercised is 0.017 per cent of the option premium. It is proposed to… Read More »
Finance Bill 2016 Rationalization of taxation of income by way of dividend Under the existing provisions of clause (34) of section 10 of the Act, dividend which suffer dividend distribution tax (DDT) under section 115-O is exempt in the hands of the shareholder. Under section 115-O dividends are taxed only at the rate of fifteen… Read More »
Indian Railways Dedicates two More New Trains in the Service of the Nation Indian Railways will work to the maximum extent possible to provide better rail transportion to the people of India : Suresh Prabhu The Indian Railways has been working effortlessly to connect every part of the country with rail network. In this direction,… Read More »
Conviction under POCSO Act The Protection of Children from Sexual Offences Act, 2012 came into force on 14.11.2012. It is only 3 years since the Act has been in force and even the data for the year 2015 is under collection, therefore a review of the Act is not planned at this stage. However, Section… Read More »
Crimes against Children As per National Crime Records Bureau, a total of 38,172 cases, 58,224 cases and 89,423 cases were registered under crime against children during 2012, 2013 and 2014 respectively. The Juvenile Justice (Care and Protection of Children) Act, 2015 which came into force on 15.01.2016, has provisions for punishment relating to offences against… Read More »
Employment generation in country The Ministry is implementing the scheme of Prime Minister’s Employment Generation Programme (PMEGP) for employment generation in the micro sector. PMEGP, a credit linked subsidy scheme of Government of India, for setting up of new micro-enterprises to generate employment opportunities in the country through Khadi and Village Industries Commission (KVIC), State… Read More »
New Technology Centres in the country The Ministry of Micro, Small and Medium Enterprises (MSME) is running 18 Technology Centres (10 Tool Rooms and 8 Technology Development Centres) to provide technological support to the micro, small and medium industries in the Country. The State-wise details of 18 existing Technology Centres are given is below: S.… Read More »
Pending Court Cases Data on pendency of cases is maintained by the Supreme Court and High Courts. As per the information made available by the Supreme Court of India, details of civil and criminal cases pending in the Supreme Court of India; and civil and criminal cases pending for more than 10 years in the… Read More »
RBI/2015-16/332 A.P. (DIR Series) Circular No.53 March 03, 2016 To All Category – I Authorised Dealer Banks Madam / Sir, Grant of EDF Waiver for Export of Goods Free of Cost Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 94 dated April 26, 2003 in terms of which GR waiver to… Read More »