Monthly Archives: April 2016

Agusta Westland : Indian Government clarification

By | April 30, 2016

Government clarification on issues regarding M/S Agusta Westland International Limited (AWIL) In the matter pertaining to acquisition of Agusta Westland helicopters, the undisputed central issue that stands out is corruption, especially bribery. Any other line of assumption, approach and effort, as is being attempted in some quarters, is misleading, tries to hide the wrong-doers and… Read More »

Bullet Train between Ahmedabad and Mumbai: Cost

By | April 29, 2016

Bullet Train between Ahmedabad and Mumbai The Mumbai-Ahmedabad high speed rail project has been sanctioned at total completion cost of ₹ 97,636 crore as per details below (in ₹):   Construction cost                                                            :  44,621 crore (Track/Station/Depot/Electric/ Signalling & Telecom)   Rolling Stock                                                                    :   5,255 crore Land                                                                                  :   9,863 crore Miscellaneous                            … Read More »

Cancellation of PRS counter tickets through IRCTC website

By | April 29, 2016

Railway Minister announces two more passenger friendly services namely (i) Cancellation of PRS counter tickets through IRCTC website and 139 (ii) Acceptance of International Debit and Credit Cards for payment for e-ticketing through IRCTC website Working on the fast track to implement Rail Budget Announcements of 2016-17 ranging from improving passenger amenities to infrastructure development,… Read More »

Mega Food Parks Scheme

By | April 29, 2016

Success Rate of Mega Food Parks Scheme The Mega Food Parks Scheme aims at creating modern infrastructure facilities for food processing in the country along the value chain from farm to market based on hub and spokes model. It includes creation of infrastructure for primary processing and storage near the farm at Primary Processing Centres… Read More »

Informers of Tax Evasion ,Guidelines for Grant of Rewards

By | April 29, 2016

Guidelines for Grant of Rewards to Informers of Tax Evasion The details with regard to guidelines in respect of rewards to informers of tax evasion are: Direct Taxes:- Any person who provides specific information with respect to evasion of direct taxes and such information helps in detection of undisclosed income and/or seizure of undisclosed cash,… Read More »

Indian Customs- Guide to Travellers Mobile App launched

By | April 29, 2016

Mobile App namely ‘‘Indian Customs- Guide to Travellers’ launched to inform Traders/Exporters/Importers about Customs Rules Central Board of Excise and Customs (CBEC) has launched mobile app, namely, ‘Indian Customs- Guide to Travellers’. The mobile App has been developed by Bengaluru Customs to inform international travelers who may, inter-alia, be traders/exporters/importers about Customs Baggage rules. The… Read More »

Time Series Data Released by Income Tax Department

By | April 29, 2016

Release of Data by Income Tax Department Income Tax Department has released Time Series Data for Financial Year 2000-01 to 2014-15 based on internal reporting/ MIS of the Income Tax Department or figures reported by Controller General of Accounts or data published by other Government agencies along with PAN Allotment Statistics pertaining to Financial Year… Read More »