RBI announces Revised Methodology for Overnight MIBID/MIBOR from July 22, 2015

The Reserve Bank of India has stated that the methodology for the FIMMDA-NSE-Overnight Mumbai Interbank Bid/Offer Rate (Overnight MIBID/MIBOR) benchmark in India will be revised with the introduction of the FBIL-Overnight MIBOR on July 22, 2015. The FBIL-Overnight MIBOR will be based on actual traded rates and will be administered by a new company called…

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 made effective from 1st Jul-2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) ORDER New Delhi, the 1st July, 2015 S.O.1790(E)- Whereas the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) (hereinafter referred to as…

E- Scholarship : Launch of National Scholarships Portal

National Scholarships Portal is one stop solution for end to end scholarship process right from submission of student application, verification, sanction and disbursal to end beneficiary for all the scholarships provided by the Government of India. Benefits Simplified process for the studentsCommon application form for all scholarships Onetime registration of studentsBased on eligibility criteria, system…

E-Hospital : Launch of Online Registration System (ORS)

Online Registration System (ORS) is a framework to link various hospitals across the country for Aadhaar based online registration and appointment system, where counter based OPD registration and appointment system through Hospital Management Information System (HMIS) has been digitalized. The application has been hosted on the cloud services of NIC. Portal facilitates online appointments with…

DigiLocker (Digital Locker) and its usefulness

What is DigiLocker? Dedicated personal storage space, linked to each resident’s Aadhaar number. DigiLocker can be used to securely store e-documents as well as store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments. The e-Sign facility provided as part of DigiLocker system can be used to digitally sign e-documents. How does…