Imposition of Central Excise duty on jewellery – regarding constitution of sub-committee of High Level Committee CIRCULAR NO.1021/9/2016-CX DATED 21-3-2016 In the Budget 2016-17, Central Excise duty at the rate of 1% (without input tax credit) and 12.5% (with input tax credit) has been imposed on all articles of jewellery (except for silver jewellery, other… Read More »
State Finance Minister Capt. Abhimanyu on Monday presented Haryana Budget 2016-17 with the motto of – “Sabka Sath, Sabka Vikas”. It is second budget of Chief Minister M L Khattar led BJP government. The Budget of this year is increased by 28.4 percent to Rs. 88,781.96 as compared to previous year budget of Rs. 69,140… Read More »
Quarterly Report on Public Debt Management for the Third (Q3) Quarter of FY 2015-16 (October-December 2015) released; Government issued Dated Securities worth Rs. 1,50,000 crore in ten tranches taking the Gross Borrowings from April-December of FY16 to Rs. 5,01,000 crore or 83.5 per cent of BE FY16, vis-à-vis 83.9 percent of BE FY15. Since April-June… Read More »
M/o Tourism’s Info/Helpline gaining popularity among Tourists 17911 calls received on it since its launch last month The Tourist Info/Helpline- Toll Free Number 1800111363 or a short code 1363 of the Ministry of Tourism is gaining popularity among Tourists and it has received a total of 17911 calls as on 20th March, 2016 since its… Read More »
Appointment of Additional Judges at Bombay High Court In exercise of the powers conferred by clause (1) of article 224 of the Constitution of India, the President is pleased to appoint (i) Smt. Swapna Sanjiv Joshi (ii) Shri Kishor Kalesh Sonawane, (iii) Shri Sangitrao Shamrao Patil, and (iv) Kumari Nutan D. Sardessai to be Additional… Read More »
Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years… Read More »
New Environment Standards for Gensets Notified The Ministry of Environment, Forest & Climate Change has notified new environment standards for Gensets running on Liquid Petroleum Gas (LPG) / Natural Gas (NG), Diesel with LPG / NG and Petrol with LPG / NG operated in various cities / towns in the country. The primary aim of… Read More »
Equalization Levy [ Extract from PROPOSAL FOR EQUALIZATION LEVY ON SPECIFIED TRANSACTIONS (Report of the Committee on Taxation of E-Commerce formed by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India ) February, 2016 ] Q Why Equalization Levy is being imposed ? Equalization Levy is intended to be a tax imposed… Read More »
Government Approves Fifteen (15) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 7261.6 crore Approximately; Recommends one Proposal for Approval of CCEA Involving FDI of Rs. 6885 crore Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 232nd meeting held on 7th March 2016, the Government has approved fifteen Foreign Direct… Read More »
Health Ministry introduces Online PG Applications for all Medical Colleges Ministry of Health and Family Welfare has introduced a new procedure for submitting application/proposal for application to Medical Colleges. It is an add-on procedure which will run parallel with conventional procedure of manual submission of applications. As per the revised procedure an online application is… Read More »