JULY 5: Vehicle buyers may face a truly prohibitive tax, going up to 22 per cent of the vehicle cost, on diesel cars if the recommendations of the Environment Pollution (Prevention and Control) Authority (EPCA) are implemented. Taking into consideration the health and environmental concerns, complicated by the lucrative lower taxes on the fuel, EPCA… Read More »
RBI/FIDD/2016-17/33 Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 July 7, 2016 The Chairman / Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Dear Sir/ Madam, MASTER DIRECTION-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. The Master… Read More »
RBI/FIDD/2016-17/34 Master Direction FIDD.CO.Plan.2/04.09.01/2016-17 July 7, 2016 The Chairman All Regional Rural Banks Dear Sir/ Madam, MASTER DIRECTION-REGIONAL RURAL BANKS-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The guidelines for priority sector lending by Regional Rural Banks were revised by the Reserve Bank of India vide circular dated December 3, 2015. The Master Direction enclosed incorporates the updated… Read More »
Understatement of Revenue by Telecom Service Providers The Department of Telecommunication has clarified the following information on understatement of revenue by telecom service providers in 2006-07 to 2009-10:- CAG Report on understatement of revenue by six Telecom Service Providers by Rs 46000 crores was received in February 2016. The Report pertains to four years i.e.… Read More »
DoNER Ministry to offer subsidy incentives in Northeast for employment generating units: Dr Jitendra Singh Ministry of Development of North-Eastern Region (DoNER) will offer subsidy incentives in Northeast for industrial and other units generating employment. Announcing this on the conclusion of a meeting of the Ministry here this morning, Union Minister of State (Independent Charge)… Read More »