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Type Archives - Page 78 of 124 - All About Finance

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RBI instructed the banks to issue the acknowledgement to pensioners on submission of life certificates

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RBI/2014-15/587DGBA.GAD No.H- 5013/45.01.001/2014-15 May 07, 2015 The Chairman/ Chief Executive OfficerAll Agency Banks Dear Sir Mandatory issue of acknowledgement to pensioners on submission of life certificates In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate … Read more

The provision in the Finance Bill, 2015, will not affect the LPG subsidy and other welfare subsidies received by individuals

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Certain doubts have been raised in a section of the media about the applicability of the official amendment moved in the Finance Bill, 2015 in the Lok Sabha on 30th April, 2015 with respect to definition of ‘income’.  Sub-section (2) of section 145 provides that the Central Government may notify Income Computation and Disclosure Standards … Read more

MVAT and CST registration will grant online from 07/05/2015 – Applicant will not required to attend the Sales Tax Office

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8th floor, Vikrikar Bhavan, Mazgaon, Mumbai 400010. To ———————————————————– ———————————————————–  No.JC (Reg) /uploading Document Regn/2015/346 Trade Circular No.5 T of 2015 Murnbai. dated 06/05/2015 Subject: Online grant of registration under the Maharashtra Value Added Tax Act, 2002 and Central Sales Tax Act, 1956. The applications for registration under the MVAT Act, 2002 and the CST … Read more

RBI has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad

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The Reserve Bank of India (RBI) has cancelled the licence of Shri Swami Samarth Urban Co-operative Bank Ltd., Naldurg, Osmanabad. The order was made effective from the close of business on April 30, 2015. The Registrar of Co-operative Societies Maharashtra has also been requested to issue an order for winding up of the bank and … Read more

Pradhan Mantri Jeevan Jyoti Bima Yojana – FAQ

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Q1. What is the nature of the scheme?  Q2. What would be the benefits under the scheme and premium payable?  Q3. How will the premium be paid?  Members may also give one-time mandate for auto-debit every year till the scheme is in force, subject to re-calibration that may be deemed necessary on review of experience … Read more

Import of “raw sugar” under Duty Free Import Authorisation (DFIA) scheme is withdrawn

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(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii))   Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade       The following sub para (c) is inserted in Para 4.25 of FTP 2015-20 “(c) Duty Free Import Authorisation Scheme shall … Read more