Others News

RBI cuts repo rate by 25 basis points to 6 percent

02 August 2017 at 18:12

The Secretary, Department of Economic Affairs (DEA), Shri Subhash Chandra Garg said that the Government welcomes the 25 basis points cut in the repo rate announced today by the Monetary Policy Committee (MPC) in its third Bi-Monthly Meeting held in M

Posted in Others | 1 comments | 3273 Views

Show Cause Notice issued to 5,922 Associations for cancellation of FCRA registration

12 July 2017 at 11:53

As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017 requiring the associations to file their missing Annual Returns pertaining to FY 2010-11 to 2014-15 within a per

Posted in Others | 4173 Views

Fake letter regarding linking of Aadhar to Land records

20 June 2017 at 11:38

CLARIFICATIONThe letter attributed to Cabinet Secretariat on Digitalisation of Land Records & subsequent linking of the same to AADHAR, being widely circulated in the sections of social media is completely fake and mischievous. It is clarified th

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Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

15 June 2017 at 11:33

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial

Posted in Others | 1947 Views

FM reviews performance of Public sector banks

10 June 2017 at 13:17

The Union Finance Minister Shri Arun Jaitley to review the performance of Public Sector Banks (PSBs) on 12th June, 2017 in the national capital. The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the meeting o

Posted in Others | 2 comments | 3954 Views

Cabinet approves phasing out Foreign Investment Promotion Board

25 May 2017 at 11:06

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to

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Cabinet approves measures to Prevent Base Erosion and Profit Shifting by India

18 May 2017 at 11:17

Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Mu

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Ordinance passed by govt empowering RBI to tackle NPA

06 May 2017 at 15:48

The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve B

Posted in Others | 3 comments | 2634 Views

FM participates in G20 Finance Ministers meeting in US

24 April 2017 at 11:02

Finance Minister Shri Arun Jaitley participates in G-20 Finance Ministers’ and Central Bank Governors’ Meeting in Washington D.C.; States that among the emerging economies, India has been a major driver of global economic growth with an e

Posted in Others | 2328 Views

Raids by Enforcement Directorate on offices of CA in Delhi

13 April 2017 at 18:07

Our attention has been drawn to the media reports regarding the raids conducted by the Enforcement Directorate on the offices of the Chartered Accountants in New Delhi, who were alleged to be involved in the money laundering and hawala like transacti

Posted in Others | 7 comments | 21858 Views