Category: Finance Ministry
Requirement for PSBs to complete Statutory Audit by 15th May withdrawn. Earlier the Govt had specified a uniform schedule for Statutory Audit of Public Sector Banks after closure of accounts on 31st March of the financial year Finance Ministry has withdrawn the circular which required that all public sector …
Non-refundable advance of 75 % of PF account deposit / 3 months wages allowed, Govt to pay PF contributions of businesses having less than 100 workers The Union Finance Minister Nirmala S. Sitharaman, has announced a relief package of Rs 1.70 Lakh Crore under Pradhan Mantri Garib Kalyan …
Extensions / relaxations up to 30.06.2020 for regulatory/statutory compliance of deadlines falling due in the month of March 2020 under Income Tax /GST etc Union Finance Minister Nirmala S Sitharaman in a press conference has given various extensions and relaxations for various regulatory and statutory compliance of deadlines …
Mandatory listing of shares on recognised stock exchange by companies having equity shares with superior voting rights to its promoters or founders MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 19th March, 2020 G.S.R. 189(E).—In exercise of the powers conferred by section 30 of the Securities …
Deposits under Senior Citizens Welfare Fund to bear interest @ 6.85% from 1st April, 2019 to 31st March, 2020 MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 17thMarch, 2020 F. No. 13/20/2014-NS.—It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced …
Rs 50 per gram discount on Sovereign Gold Bond Scheme 2019-20 (Series X) for digital purchase. Government of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through …
Banning of Unregulated Deposit Schemes Rules 2020. Property of deposit taker can be attached on complaint by non depositor MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 12th February, 2020 S.O. 663 (E).— In exercise of the powers conferred by section 37 of the Banning of …
Finance Ministry notified Qualifications for appointment of ITAT, CESTAT & Other Tribunals President/Members. Composition of Search-cum Selection Committee In Nov 2019, a Constitution Bench of the Hon’ble Supreme Court had struck down the Tribunal, Appellate Tribunal and other Authorities (Qualification, Experience and other Conditions of Service of Members) …
Key Highlights of Economic Survey 2019-20 The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament today. The Key Highlights of the Economic Survey 2019-20 are as follows: Wealth Creation: The Invisible Hand Supported by the Hand of Trust …
Government puts in place measures to protect Commercial decision making by Banks The Finance Minister has repeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and distinction would be made between genuine commercial failures and culpability.Every Bank was also required …