Government Sets up a Committee for Comprehensive Review of National Small Savings FundThe Government has set up a committee headed by Deputy Governor, Reserve Bank of India (RBI) for comprehensive review of National Small Savings Fund (NSSF) Structu
Rs. 28,789 Crore Subsidy Given on Petroleum Products During 2009-10 The amount of subsidy approved by the Government on different petroleum products in respect of the year 2009-10 (prior to decontrol) is Rs. 28,789 crore. The Total Under Recoverie
RBI releases Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents (BCs) The Reserve Bank of India today released on its website, a Discussion Paper on "Engagement of 'for profit' Companies as Bus
Presidents Communique August 2010 When someone like Lord Krishna, the master of Yoga & embodiment of knowledge, and a sincere devotee like Arjuna, come together, there shall be all kind of prosperity, victory, happiness & steady resolve, thi
LS passes Bill to replace Ulip Ordinance The Lok Sabha on Monday passed a Bill to replace the Ulip Ordinance that seeks to set up a joint mechanism to address the issues of jurisdiction between the financial sector watchdogs after the government a
Exempt forex loans from withholding tax: Assocham Industry body Assocham on Sunday demanded withdrawal of withholding tax on foreign currency loans to encourage corporates raise funds from abroad. "Withholding tax on foreign currency loans
President's Message - August 2010 Dear All, Values and morals if practised only within profession
Indirect Tax Collection Based on the information collected from field formations and office of Principal Chief Controller of Accounts, the provisional revenue collection from various heads of indirect taxes viz., Customs, Central Excise and Servic
Taxes Outstanding Against MNCs No separate database regarding the outstanding demand against Multi-National Company (MNCs) as a separate category or class is maintained. However, the total outstanding demand against companies as on 1.4.2009 was R
19th Law Commission of India Constituted The 19th Law Commission of India was constituted for a period of three years w.e.f. 1stSeptember, 2009 and upto 31st August 2012. At present, Shri Justice P. V. Reddi, retired Judge, Supreme Court of Indi
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