Tag: Press Release
Govt. constitutes Steering Committee on Fintech related issues The Government has constituted a Steering Committee on Fintech related issues to consider various issues relating to development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship in an area …
Cabinet approves Fugitive Economic Offenders Bill, 2018 Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attached The Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, …
Cabinet approves Establishment of National Financial Reporting Authority The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary …
CBDT crosses milestone of 200 APA. With entering into 7 more Advance Pricing Agreements in February, 2018, the total number of APAs has gone up to 203. The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. …
Revised Double Taxation Avoidance Agreement (DTAA) between India and Kenya notified The Double Taxation Avoidance Agreement (DTAA) between India and Kenya was signed and notified in 1985. Subsequently, the DTAA was renegotiated and a revised DTAA was signed between both countries on 11th July, 2016. The revised DTAA …
Electoral Bond Sale at authorised four branches of SBI. First sale to start from 1st March 2018 for 10 days up to 10th March 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) dated 02nd January 2018. As per provisions …
Bill to ban Unregulated Deposit Schemes and Chit Funds Amendment Bill, 2018. Words “Fraternity Fund” to be used for chit business. Cabinet approves New Bill In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi …
Govt. denies news that Income Tax Department has estimated more than $3 billion loss to Indian Banks due to PNB fraud Finance Ministry has denied the news appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than …
No proposal to withdraw protection against attachment of PPF Account under any decree or court order in respect of any debt/liability of depositors-Amendments in Small Savings Act. Yesterday, the Ministry of Finance by a press release denied the news circulated in print and social media that it aims to bring …
TDS Defaulter arrested and sent to jail by the Tis Hazari Court As per Press Release of Finance Ministry, Tis Hazari Court has sentenced a TDS defaulter to jail. The Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT …