Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2017. It has increased by 2% over the existing… Read More »
Concept Note on Trade Facilitation Agreement India tabled the “Concept Note for an initiative on Trade Facilitation in Services” dated 27 September 2016(S/WPDR/W/55) at the WTO. The objective behind India’s proposal for an Agreement on Trade Facilitation in Services (TFS) is to initiate discussions at the WTO on how to comprehensively address the numerous border… Read More »
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52… Read More »
FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs; Steel Sector shows sign of improvement; Multiplication of Oversight Committee under consideration. The Union Minister of Finance, Defence and Corporate Affairs,… Read More »
Footwear Design and Development Institute (FDDI) Bill, 2017 [ read Footwear Design and Development Institute Bill 2017 – Download/Print ] Commerce & Industry Minister Smt. Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on 14th March, 2017 to declare the FDDI as an Institution of National Importance (INI). The… Read More »
Inter-state River Water Disputes (Amendment) Bill, 2017 introduced in Lok Sabha A Revolutionary step: Uma Bharti Union Minister of Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti introduced Inter-State River Water Disputes (Amendment) Bill, 2017 in Lok Sabha today. Introducing the Bill the Minister called it a “Revolutionary step” towards the resolution of… Read More »
Mandatory for Hospitals to issue detailed bills to patients, separately disclosing cost of Coronary Stents State Governments and State Drug Controllers advised to exercise Powers under Para 30 of DPCO, 2013 to check artificial shortage of Stents Minister of State for Chemicals & Fertilizers, Road Transport & Highways and Shipping, Shri Mansukh L. Mandaviya, while… Read More »
Lok Sabha Passes the Admiralty Bill 2016 The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by the Lok Sabha yesterday. The Bill aims to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues. It… Read More »
Department of Consumer Affairs issues an advisory to the State Governments on Levy of Service Charge by Hotels It has come to the notice of this Ministry through a number of complaints from consumers received in the National Consumer Helpline that hotels and restaurants are following the practice of charging ‘service charge’ in the range… Read More »
Taxes on Petrol/Diesel and CNG The present Customs and Central Excise duties on petrol and diesel are as under: Petroleum product Customs Duty Central Excise Duty BCD ACD Petrol(unbranded) 2.5% Rs.6 per litre Rs.21.48 per litre [Rs.9.48 BED + Rs.6 SAED + Rs.6AED] Petrol(branded) 2.5% Rs.6 per litre Rs.22.66 per litre [Rs.10.66 BED… Read More »