TRAI today issued the “Telecom Consumers Protection (Eighth Amendment) Regulations, 2015” to protect the interest of consumers using wireless data service. TRAI has been receiving several complaints from consumers regarding non-availability of information relating to the amount of data used during a data session. The service providers offer concessional tariff for data, up to a…
National Floor Level Minimum Wage (NFLMU) has been revised upwards from existing Rs. 137/-to Rs. 160/-per day w.e.f. 01.07.2015. In a letter written to all the Chief Ministers and LGs today, Shri Bandaru Dattatraya, the Minister of State(IC) for Labour and Employment has urged to take necessary steps for fixation/revision of the minimum rates of…
In keeping with the Digital India vision of Hon’ble Prime Minister, and taking yet another small but crucial step towards paperless, online functioning in 24×7 environment, Directorate General of Foreign Trade (DGFT) today launched the facility of online payment of application fees through Credit/Debit cards and electronic fund transfer from 53 Banks (List annexed). The…
Competition Commission of India (CCI) Amends its Combination Regulations; The Proposed Amendments Provide Flexibility to Parties Regarding Signing of the Notice; Form-I Required to be Filed for Notifying Combination Revised As part of its ongoing and regular efforts to make M&A filing requirements simpler and readily acceptable to various stakeholders, the Competition Commission of India…
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to introduce a new Bureau of Indian Standards Bill, 2015. The new Bill will provide legislative framework for following new provisions other than the provisions in the existing Bureau of Indian Standards Act, 1986 which is proposed to be repealed: The…
New Delhi : 21 May 2015 A meeting of finance/taxation ministers of North Indian states took place at the Delhi Secretariat on Thursday. The meeting held at the initiative of Delhi finance minister Mr Manish Sisodia was aimed at bringing uniformity in tax rates. It has been felt that due to huge variance in tax…
The Government of India have announced the Sale (issue/re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) “7.72 per cent Government Stock 2025” for a notified amount of Rs. 6,000 crore (nominal) through price based auction, (ii) “8.24 per cent Government Stock 2033”…
The proposed IIM Bill 2015 proposes to grant statutory status to thirteen existing Indian Institutes of Management (IIMs) at Ahmedabad, Kolkata, Bengaluru, Lucknow, Indore, Kozhikode, Shillong, Raipur, Ranchi, Rohtak, Kashipur, Tiruchirapalli and Udaipur, and declare them as Institutions of National Importance, to enable them to grant degrees to their students in the academic courses conducted…
Now following limits are applicable for receiving gifts for those govt. employees who are covered under “All India Services (Conduct) rules,1968 as amended by All India Services (Conduct) Amendment Rules, 2015“: A member of the service may accept gifts from his near relatives or from his personal friends having no official dealings with them, on…
There is a proposal in Finance Ministry to raise the minimum lock-in period in PPF in the upcoming budget for FY 2015-16. Reason is to avail the funds for longer term for infrastructure. There are two options on the table right now: Increasing the maturity period from the 15 years. Increasing the minimum withdrawal period…