Category: Finance Ministry
Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips showing old or new currency with denomination – Finance Ministry The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches …
Committee on Digital Payments submits Final Report to the Union Finance Minister. The Committee had earlier submitted an Interim Report-Press Release Ministry of Finance 9th Dec-2016 Press Release Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog and former Finance Secretary submits its …
Innovative Methods of Cash Laundering Transportation detected by Income Tax Department at Mumbai, Nagpur and Ahmedabad – Press Release by Finmin Ministry of Finance 08-December, 2016 Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad Income tax investigations at Mumbai …
e-Payment Incentives-Cheaper Petrol Free insurance No service tax up to Rs 2000 per transaction, Toll Plaza and rail retiring rooms/MST discount-Promotion for cashless transactions by Finmin Finance Ministry Press Release Dated: 08-12-2016 Package for Promotion of Digital and Cashless Economy In the aftermath of the cancellation of the …
Banks to install additional one million new PoS Terminals by 31st March 2017 to facilitate cashless transactions Ministry of Finance Dated: 6th December, 2016 Press Release In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new …
Major Benefits of Debit Card Activation-FAQs. Recent initiatives towards popularizing Debit card. Additional usage fee for using debit card-Press Release Ministry of Finance 05-December, 2016 Benefits of Debit Card Activation-FAQs Here are given some of the major benefits of Debit Card activation in the form of Frequently Asked …
Payment to Government Suppliers through e-Payment only. All payments above Rs 5,000 to suppliers, contractors ,etc. to be paid through payment advices-Finance Ministry F. No. 3(2)(1)/2016/R&P Rules/ Amendment /649 Ministry of Finance Department of Expenditure OIo Controller General of Accounts Mahalekha Niyantrak Bhawan, GPO Complex, E-Block , INA …
Misuse of Jan-Dhan Accounts post demonetisation. Among rumors of freezing of JDY accounts, CBDT wanrns such account holders not to consent to deposit of undisclosed money in their accounts Ministry of Finance 04-December, 2016 Tax Investigations unearth mis-use of Jan-Dhan Accounts; Account holders once again urged by CBDT not to …
Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016-Govt clears apprehensions Ministry of Finance 01-December, 2016 Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become …
Cash withdrawal limit from bank accounts-atm to be decided by RBI. Powers given to RBI including withdrawal from current account and ATM-Finance Ministry MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFAIRS) NOTIFICATION New Delhi, 30th November, 2016 S.O. 3599(E).—In exercise of the powers conferred by sub-section (2) of section …
