Detection of black money by Government Recognizing various limitations under the existing legislation [Income-tax Act, 1961, etc.], the Government enacted a new law – ‘The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015’ – to specifically and effectively tackle the issue of black money stashed away abroad. This has, inter… Read More »
NPAs IN PSBs The details of Gross Advances, Gross Non-Performing Assets (GNPA) and Gross NPA ratio of Scheduled Commercials Banks (SCBs) and Public Sector Banks (PSBs) for last three years are as under: SCHEDULED COMMERCIAL BANKS (Rs. In crore) GROSS ADVANCES GNPA GNPA RATIO FY 2014 61,01,775 2,51,060 4.11% FY 2015 66,92,522 3,09,408 4.62%… Read More »
Synchronisation of financial accounting year with calendar year Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as under: Examine the merits and demerits of various dates for the commencement… Read More »
Health Insurance Scheme for Economically Weaker People The Hon’ble Finance Minister in his Budget Speech for 2016-17 on 29.02.2016 announced that “Government will launch a new health protection scheme which will provide health cover up to Rs. One lakh per family belonging to poor and economically weak families”. A proposal in this regard is under… Read More »
Levy of taxes on large Airlines As per the National Civil Aviation Policy, 2016, to ensure uniformity and level playing field across various airport operators, future tariffs at all airports will be calculated on a ‘hybrid till’ basis, unless otherwise specified for any project being bid out in future. It is also provided that 30%… Read More »
Funds For Road Safety The Ministry of Road Transport and Highways is primarily responsible for development and maintenance of National Highways (NHs). Apart from this, the Ministry also allocates funds to the State Governments/Union Territories (UTs) for development of State Roads as per the provisions of the CRF Act, 2000 as amended by the… Read More »
Use of Municipal Solid Waste for Construction of NHS National Highways Authority of India (NHAI) is likely to utilise Municipal Solid Waste (MSW) from nearby site in Gazipur, East Delhi for widening from 4 lane to 16 lane, of NH-24 on a pilot basis on the basis of investigation by Central Roads Research institute. This… Read More »
Steps to Tackle Vehicular Pollution The Ministry of Road Transport and Highways has taken the following steps to tackle the problem of vehicular pollution: Introduction of alternate fuels: Flex Fuel ethanol notified vide G.S.R. 412 (E) dated 19.05.2015 and GSR 176 (E) dated 16.02.2016permitting usage of flex fuel i.e. E85, ED95 and E100 ethanol based… Read More »
Steps to Reduce Road Accidents During the year 2015, 5.01 lakhs road accidents were reported in India out of which 1.46 lakhs caused deaths. The cause of road accidents along with the number of accidents and number of persons killed during the calendar year 2015 are given in the following table: Table: Causes of … Read More »
Installation of Safety Devices on Public Transport Vehicles The Government of India has issued draft notification number G.S.R. 478(E) dated 2nd May 2016, regarding fitment of Vehicle Location Tracking Device, CCTV Surveillance System and Alert Buttons on transport vehicles. According to this notification, it is compulsory for all transport vehicles to be equipped with vehicle… Read More »