Over two lakh grievances redressed in 2015-16 Banks employing 20 and more persons covered under the EPF & MP act, 1952 At the end of the financial year 2015-16, EPFO settled 118 lakh claims out of which 39% were settled within 3 days, 79% within 10 days and 96% within 20 days. The Organisation redressed…
The Government of the Republic of India and the Government of the Republic of Maldives signed two Agreements – for the Exchange of Information with respect to Taxes and for the Avoidance of Double Taxation of Income derived from the International Air Transport here today during the visit of the President of Maldives to the…
The outstanding balance of Government of India-Floating Rate Bonds 2016 is repayable at par on May 07, 2016. No interest will accrue there-on from the said dates. In the event of a holiday being declared on May 07, 2016 by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by…
Central Board of Excise and Customs (CBEC) has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The Circular rescinds all the past circulars and instructions and prescribes a new simplified and consolidated procedure. The Circular No. is 1023/11/2016 CX dated 08/04/2016 Taking…
In line with the revision of interest rates of small savings schemes, interest rates for the National Small Savings Fund (NSSF) loan to Centre and States for FY 2016-17 has been revised and fixed at 8.8% in place of 9.5%. The National Small Savings Fund (NSSF) invests its net collection as loan to Centre…