Monthly Archives: June 2016

e-Insurance Policies norms issued by IRDAI

By | June 23, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th June, 2016 Insurance Regulatory and Development Authority of India (Issuance of e-Insurance Policies) Regulations, 2016 F .No. IRDAI/Reg/16/128/2016 – In exercise of the powers conferred by section 14 (2) read with clause (gb) of sub… Read More »

Tax & Production Incentives for Job Creation in Garment Manufacturing Sector

By | June 23, 2016

Cabinet approves Tax and Production Incentives for Job Creation in Garment Manufacturing Sector Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector Special Package to create 1 Crore Jobs in 3 Years in Textile and Apparel Sector The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has… Read More »

Special Package for Job Creation & Export Promotion in Textile & Apparel Sector

By | June 23, 2016

Cabinet decides to bring in more Flexibility in Labour Laws to increase Productivity Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector Special Package to create 1 Crore Jobs in 3 Years in Textile and Apparel Sector The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has… Read More »

Additional Incentives under Duty Drawbacks for Garments approved by Govt

By | June 23, 2016

Cabinet approves Additional Incentives under Duty Drawbacks for Garments Cabinet approves Special Package for Job Creation & Export Promotion in Textile & Apparel Sector Special Package to create 1 Crore Jobs in 3 Years in Textile and Apparel Sector The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has decided to provide additional… Read More »

Amendment in Rule 114H of Income-tax Rules 1962

By | June 23, 2016

Amendment in Rule 114H of Income-tax Rules, 1962 The Rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence procedure in respect of other reportable account referred to in… Read More »

Establishment of Fund for funding support to Start-ups

By | June 23, 2016

Establishment of Fund of Funds for funding support to Start-ups The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the establishment of “Fund of Funds for Startups” (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with Securities and Exchange Board of… Read More »

Govt to amend agreement with Belgium for avoidance of double taxation

By | June 23, 2016

Cabinet approves Protocol amending the Agreement for avoidance of double taxation and prevention of fiscal evasion with Belgium The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved today the signing of a Protocol amending the Agreement between India and Belgium for avoidance of double taxation and prevention of fiscal evasion with… Read More »

Withdrawal of the Drugs and Cosmetics (Amendment) Bill 2013

By | June 23, 2016

Withdrawal of the Drugs and Cosmetics (Amendment) Bill, 2013 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has decided to withdraw the Drugs and Cosmetics (Amendment) Bill, 2013, which had been introduced in the Rajya Sabha on 29.08.2013. The Bill had been examined by the Standing Committee of Parliament which had made… Read More »

Govt approve special package for Textile and Apparel sector

By | June 23, 2016

Cabinet approves special package for employment generation and promotion of exports in Textile and Apparel sector   The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given approval for a special package for employment generation and promotion of exports in Textile and Apparel sector.  The move comes in the backdrop of… Read More »