Category: Finance Ministry

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) (Amendment) Rules, 2020. MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 24th January, 2020 G.S.R. 45(E).—In exercise of powers conferred by sub-section (1) and clauses (c) to (g) of sub-section (2) of section …

Printing process for Union General Budget 2020-21 commences with Halwa Ceremony The Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. …

Supreme Court struck down Tribunal Rules formulated u/s 184 of the Finance Act, 2017 being contrary to the parent enactment and the Constitution ABCAUS Case Law Citation:ABCAUS 3188 (2019) (11) SC A Constitution Bench of the Hon’ble Supreme Court have struck down the Tribunal, Appellate Tribunal and other …

Overseas Indian citizens allowed to enroll in NPS at par with Non Resident Indians PFRDA permitted now Overseas Citizen of India to enroll in NPS at par with Non-Resident Indians Overseas Indian citizens allowed to enroll in NPS As per Press Release of Ministry of Finance, Pension Fund …

MoU between India and Kuwait in the field of accounting, finance and audit knowledge base approved by Cabinet Cabinet approves MoU between India and Kuwait in the field of accounting, finance and audit knowledge base The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved …

Debt and non-debt instruments notified under Foreign Exchange Management Act 1999. Other than notified, others shall be deemed as debt instruments Debt and non-debt instruments under FEMA MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 16th October, 2019 S.O. 3722(E).—In exercise of the powers conferred by …

Copy of the Taxation Laws (Amendment) Ordinance 2019 promulgated by the President. List of Amendments  in income-tax act, 1961 & the Finance (No.2) Act, 2019 The Taxation Laws (Amendment) Ordinance 2019 has been promulgated by the President of India and it has come into force at once i.e., …

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs   The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. …

The Indian Insurance Companies (Foreign Investment) Amendment Rules 2019-No cap to foreign equity investment for intermediaries or insurance intermediaries MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 2nd September, 2019 G.S.R. 619(E).—In exercise of the powers conferred by clause (aaa) of sub-section (2) of section 114 …

Ten Public Sector Banks to be merged into four. PSBs to be reduced to 12 against present 27  The Government has decided to merge 10 Public Sector banks to reap benefits of scale and synergy. After merger there will be only 12 PSB as against present 27  1. …