Promotion of Digital/Cashless Transactions by Government The data on payment system indicators such as Paper Clearing, National Electronic Fund Transfer (NEFT) and National Automated Clearing House (NACH), registered growth in December, 2016 as compared to November 2016. However, the same showed a decline in January 2017 as compared to December 2016. • Immediate Payment Service… Read More »
Unclaimed Deposits in Banks and Insurance Companies The details of the unclaimed deposits reported by various banks under Section 26 of Banking Regulation Act (BR Act), 1949 are as follows: As of Unclaimed Deposits (Rs. in crores) 31.12.2013 5124.98 31.12.2014 4998.27 31.12.2015 6835.40 The details of unclaimed amount reported by the life and non-life… Read More »
Electoral bonds scheme aims to cleanse the system of funding of political parties Electoral bonds scheme is one of the announcements made in the budget for the FY 2017-18 to cleanse the system of funding of political parties, wherein, an amendment is being proposed to the RBI Act to enable the issuance of electoral bonds… Read More »
LAW COMMISSION OF INDIA Report No.266 The Advocates Act, 1961 (Regulation of Legal Profession) March, 2017 Download Report No.266 -The Advocates Act 1961 Related Post Disciplinary Control Over Lawyers – Supreme Court Directions to Law Commission of India
Supreme Court Directs Law Commission of India to Revisit the Provisions Relating to Regulation of Disciplinary Control Over Lawyers Under the Advocates Act (Press Note) The recent judgment of the Supreme Court in the case of Mahipal Singh Rana v. State of UP, AIR 2016 SC 3302, directed the Law Commission of India to revisit… Read More »
Introduction to the National Pension System (NPS) (Video created in March 2017) This video explains NPS, highlights it’s unique features, benefits for individuals, employees & employers, customized investment options and the process.
India Rejects Apple’s Key Demands on Tax Incentives India has not accepted ‘most of the demands’ on tax incentives that Apple Inc. had sought for establishing a manufacturing base in the South Asian nation, a senior official said, shifting focus to the rejection’s fallout on the iPhone-maker’s local assembly plans. Sources aware of the Cupertino,… Read More »
Cabinet approves hike in MSP for Copra for 2017 season The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Price (MSP) for Fair Average Quality (FAQ) of “Milling Copra” to Rs.6500/- per quintal for 2017 season from Rs. 5950/-per quintal in 2016.… Read More »
Cabinet approves amendment to ‘The Right of Children to Free and Compulsory Education Act, 2009’ The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the amendment to Right of Children to Free and Compulsory Education (RTE) Act, 2009. This will ensure that all teachers, in position as on 31st March, 2015,… Read More »
Cabinet approves in situ promotion to the officers of Indian Trade Service (ITS) to the Senior Administrative Grade (SAG) The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved in- situ promotion of officers of the Indian Trade Service (ITS), belonging to 1989 to 1991 batches, to the Senior Administrative Grade (SAG)… Read More »