PARLIAMENT OF INDIA RAJYA SABHA REPORT OF THE SELECT COMMITTEE ON THE CONSTITUTION (ONE HUNDRED & TWENTY-SECOND AMENDMENT) BILL 2014 PRESENTED TO THE RAJYA SABHA ON 22nd July, 2015
Interest Subvention Scheme to Boost Exports The Government has introduced the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 01.04.2015 for 5 years. The scheme has been notified vide RBI circular No. 62 dated 04.12.2015. The scheme is available to all exports by manufacturers under 416 specified tariff lines [at ITC… Read More »
Cabinet approves formula to provide production subsidy to sugar mills The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has decided to extend production subsidy to sugar mills which achieve expected performance in respect of export of sugar and supply of ethanol. This has been done to offset cost of… Read More »
Cabinet approves Motor Vehicle (Amendment) Bill 2016 Historical Step towards making roads safe and save lakhs of innocent lives The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for Motor Vehicle (Amendment) Bill 2016. The Amendment aims to improve Every year 5 lakh road accidents are reported in the… Read More »
Cabinet approves Spectrum Usage Charge for the spectrum in various bands held by various operators or to be acquired by them in forthcoming auction The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the rates for Spectrum Usage Charge (SUC) for various bands of spectrum for which auction are going to… Read More »
INCORPORATION OF NIDHI COMPANIES The Dictionary Meaning of Nidhi in Indian Context “In the Indian context / language means “TREASURE”. However, in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company. Nidhi Companies are created mainly for cultivating the habit of thrift… Read More »