Daily Archives: December 27, 2016

RBI allowed FPIs to transact directly in Indian Company non-convertible debentures/bonds

By | December 27, 2016

Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India RBI/2016-17/197 A.P. (DIR Series) Circular No.23 December 27, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Purchase and sale of securities other than shares or convertible debentures of an Indian company… Read More »

RBI permitted Banks to issue prepaid instruments to Employers /unlisted corporates / partnership firms / sole proprietorship / public organisation

By | December 27, 2016

Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9 RBI/2016-17/196 DPSS.CO.PD.No.1610/02.14.006/2016-17 December 27, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam / Sir, Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph… Read More »

Railways Doubles Compensation Rate Payable to Railway Accident Victims

By | December 27, 2016

Ministry of Railways Doubles Compensation Rate Payable to Railway Accident Victims Ministry of Railways has decided to revise the amounts of compensation payable in respect of Death & Injuries to the passengers involved in Accidents and Untoward Incidents. In the revised compensation rules the amount in all the categories have been doubled with respect to… Read More »

Explanatory Notes on PMGKY 2016 issued by CBDT

By | December 27, 2016

Circular No.43 of 2016 F.No. 142/33/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th December,2016 EXPLANATORY NOTES ON PROVISIONS OF THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 AS CONTAINED IN CHAPTER IX-A OF THE FINANCE ACT, 2016 Introduction 1. The… Read More »