Simplified investment rules to attract more domestic and foreign investment Government has put in place a liberal, transparent and investor-friendly policy on Foreign Direct Investment (FDI) wherein most of the sectors are open to FDI under the automatic route. The Government reviews FDI policy on an ongoing basis and significant changes are made in the… Read More »
Measures to effectively tackle the issue of black money Analysis of seizure of valuables and admission of undisclosed income during searches conducted by Income-tax Department during last three financial years indicates that the persons searched were involved in multiple activities in varied sectors and it may not be feasible to comprehensively apportion the undisclosed income… Read More »
Norms on gold monetisation scheme Government has recently issued norms on gold monetisation scheme. Based on the feedback received from the stakeholders of the scheme and the reviews held, Government has allowed following Tax Exemptions: i). Deposit Certificates issued under Gold Monetisation Scheme, 2015 notified by the Central Government, are excluded from the definition of… Read More »
48 firms including Kotak Bank, TCS to become service providers for GST Network [Download List of Applicants found Eligible as per criteria: 48 (www.gstn.org/ecosystem/Eligible GSPs.pdf) ] Goods and Services Network (GSTN) has shortlisted 48 firms in the first round, seeking to become service providers termed as GST Suvidha Providers. These include technology companies such as Tata… Read More »
Concurrent Audit Empanelment for Central Bank of India Central Bank of India invites online applications for Concurrent Audit. Only Internet Explorer Browser is allowed for Submission of Application for Central Bank of India CONCURRENT AUDIT Assignment. PLEASE DON’T SEND PRINT OUT/SOFT COPY OF YOUR APPLICATION TO ANY OFFICE OF OUR BANK. COPY OF APPLICATION FORM ALONG… Read More »
SUPREME COURT OF INDIA NOTIFICATION New Delhi, the 24th November, 2016 Rules for providing Domestic Help to Former Chief Justices of India and Former Judges of the Supreme Court F. No.1/Domestic Help/2016/SCA(J).— 1These Rules shall be called the rules for providing ‘Domestic Help to Former Chief Justices of India and Former Judges of the Supreme… Read More »
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 25, 2016) (Updated as on November 25, 2016) (Updated as on November 23, 2016) (Updated as on November 22, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016)… Read More »
Use of Old bank Note Rs 500 – Specified Transactions till 15 dec 2016 Till the December 15, 2016, specified banknotes of only 500 denomination can be used as under:— (a) for making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor’s prescription; (b) at railway ticketing… Read More »
Liquidity Adjustment Facility – Oil Marketing Companies’ Government of India Special Bonds (Oil Bonds) as eligible collateral under LAF/MSF and Removal of Margin Requirement for Reverse Repos RBI/2016-2017/156 FMOD.MAOG No. 117/01.01.001/2016-17 November 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Scheduled Urban Co-operative Banks and Standalone Primary Dealers Dear Sir/Madam, Liquidity Adjustment Facility – Oil… Read More »
Exchange facility to foreign citizens RBI/2016-17/157 A.P. (DIR Series) Circular No.20 November 25, 2016 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 16 dated November 9, 2016 giving certain exemptions to foreign tourists visiting India. In supersession of… Read More »