Govt. is all set to launch “Digital India” companion with Big Bang. India has developed an Operating System (OS) named BOSS (Bharat Operating Systems Solutions). This is a linux based operating system and has been developed by C-DAC (Centre for Development of Advanced Computing). BOSS currently has following three versions: BOSS 6.0 – The Release…
DetailsThe 208th meeting of the Central Board of Trustees (EPF) was held in Hyderabad today under the chairmanship of Shri Bandaru Dattatreya, Union Minister for Labour & Employment & Chairman, CBT, EPF. Major highlights of the meeting are:- 1. In a major decision, the Central Board of Trustees enhanced the Insurance benefits under the Employees…
DetailsSection 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the Explanation under sub-section (4) of Section 20 of Banking Regulation Act, 1949 and having regard to the considerations referred to…
DetailsThe Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138 of…
DetailsSend an SMS to 7738299899 to Activate UAN Account: Give Miss Call at 01122901406 to Know Details of Contribution and PF Balance Shri Bandaru Dattatraya, Hon’ble Minister of State for Labour & Employment (Independent Charge) launched three new mobile based services for EPF members namely Mobile Application, SMS based UAN Activation and Missed Call service…
DetailsRBI/2015-16/173A.P. (DIR Series) Circular No.11 September 10, 2015 To All Category – I Authorised Dealer Banks Madam / Sir, Exchange Earners’ Foreign Currency (EEFC) Account-Discontinuation of Statement pertaining to trade related loans and advances Attention of Authorized Dealers Category –I (AD Category –I) banks is invited to A.P. (DIR Series) Circular No.78 dated February 14,…
DetailsThe authorized agent will register himself/herself with a branch of a bank by submitting a copy of his/her valid certificate of authority to the Branch Manager and also produce original certificate of authority for verification as and when required by the bank. The agent will also submit details of his/her savings bank account to which…
DetailsGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes 10th September, 2015 Press Release Subject:- Income-tax Department thanks the taxpayers for making e-enabled initiatives a success It has been the constant endeavor of the Income-tax Department to make compliance simpler for the taxpayer through the use of technology. E-filing of…
DetailsWith a view to providing greater flexibility for structuring of trade credit arrangements, RBI has decided that the resident importer can raise trade credit in Rupees (INR) within the following framework after entering into a loan agreement with the overseas lender: Trade credit can be raised for import of all items (except gold) permissible under…
DetailsIn the Financial Year (F.Y.) 2015-16, Department of Income Tax Receives 2.06 Crore Returns on the E-Filing Portal as on 07.09.2015 Registering an Increase of 26.12% over the Corresponding Period of the Preceding F.Y. 2014-15; 32.95 Lakh E-Returns Verified Through Electronic Verification Code; As on 07.09.2015 Central Processing Centre Processed 45.18 Lakh Returns Relating to…
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