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Type Archives - Page 84 of 124 - All About Finance

Rashtriya Swasthya Bima Yojna (RSBY ) will be implemented with effect from 1st April 2015

Labour and Employment Ministry Transfers RSBY Scheme The Rashtriya Swasthya Bima Yojna (RSBY ) of the Labour and Employment Ministry will now be implemented by the Ministry of Health and Family Welfare. In pursuance of a recent policy decision of the Government, the Labour and Employment Ministry is handing over the RSBY scheme to the … Read more

Changes in Custom Tariff Value of certain goods from 31st March 2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART- II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No.34/2015-CUSTOMS (N. T.) New Delhi, 31st March, 2015 10 Chaitra, 1937 (SAKA) S.O…. (E).- In exercise of the powers conferred by sub-section (2) of section … Read more

Pioneer Urban Co-operative Bank Ltd., Lucknow placed under Directions of RBI for a period of six months

March 26, 2015 Pioneer Urban Co-operative Bank Ltd., Lucknow placed under Directions The Reserve Bank of India has, after satisfying itself that it is necessary in public interest to do so, issued certain directions to Pioneer Urban Co-operative Bank Ltd., Lucknow. The instructions will remain in force for a period of six months, subject to … Read more

RBI has imposed a monetary penalty of Rs 5.00 lakh each on 16 Central Co-operative Banks

The Reserve Bank of India has imposed a monetary penalty of Rs 5.00 lakh (Rupees five lakh only) each on 16 Central Co-operative Banks listed below. Penalties have been imposed in exercise of powers vested in it under the provisions of Section 47(A) read with Section 46 of the Banking Regulation Act, 1949 (As applicable to … Read more

PM will launch MUDRA Bank on 8th April, 2015 in New Delhi

New Delhi, March 25, 2015 Chaitra 4, 1937 Prime Minister of India Shri Narendra Modi will launch MUDRA (Micro Units Development and Refinance Agency) Bank on 8th April, 2015 at 9.15 AM at Vigyan Bhawan, New Delhi in the presence of Hon’ble Finance Minister Shri Arun Jaitley. The Union Finance Minister in his Budget Speech … Read more

RTGS, NEFT and government business counters of banks will remain operational on 30th and 31st March 2015

Annual Closing of Government Accounts — Transactions of Central / State Governments — Special Measures for the Current Financial Year (2014-15) With a view to providing greater convenience to tax payers, it has been decided that all designated branches of agency banks and Reserve Bank Offices conducting government business will keep their counters open for … Read more

Clarification regarding Explanation 5 to clause (i) of sub-section (1) of section 9 of Income-tax Act, 1961

CIRCULAR No. 4 /2015 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 26th March, 2015 Subject: Clarification regarding Explanation 5 to clause (i) of sub-section (1) of section 9 of Income-tax Act, 1961 (`Act’) – regarding Section 9 of the Income-tax Act provides for … Read more

Special Clearing operations on March 30 and 31, 2015

RBI/2014-15/517 DPSS.CO.CHD.No./1776/03.01.02/2014-2015 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 30 and 31, 2015   A reference is invited to the circular issued … Read more