Tag: government of India

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Newsroom24x7 Network Panaji (Goa): Government of India has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman during a Press Conference in Goa on Friday 20

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Government withdraws enhanced surcharge on tax payable on transfer of certain assets

Newsroom24x7 Network New Delhi: Government of India today announced the decision to withdraw enhanced surcharge on tax payable on transfer of Equity shares in a company; Unit of an equity oriented fund; and Unit of a Business Trust from the current FY 2019-20. The the tax payable on gains arising from the transfer of derivatives

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North Block: Empanelment of officers for Joint Secretary and equivalent posts

Newsroom24x7 Network New Delhi: Department of Personnel of Training, Government of India, issued thirteen orders on different dates during the month of July for empanelment of 48 officers for holding the post of Joint Secretary or equivalent at the Centre   S.No. O.M/Notification No. O.M/Notification Date Subject PDF File 1 No.05/17/2015-EO(SM-III) 24/07/2019 Empanelment of 03

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Withdrawal of Minimum Balance Penalty by Banks: Government stand and RBI guidelines

Newsroom24x7 Network   New Delhi: According to Reserve Bank of India (RBI) guidelines, banks do not have any Minimum Balance requirement for Basic Savings Bank Deposit accounts (BSBD), including accounts opened under Pradhan Mantri Jan DhanYojana (PMJDY). As on March 2019, there were 57.3 crore BSBD accounts across the country including 35.27 crore (61.6%) Jan-Dhan

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Health Ministry order: Biscuits are out; walnut, almond and dates are in

Newsroom24x7 Network New Delhi: Now there is a ban on serving biscuits and instead what’s going to be offered during official meetings of the Department of Health and Family Welfare, Government of India, would be “healthy snacks” i.e. plates full of walnut, almond, roasted gram, and dates as ordered by the Union Ministry of Health

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Shady players, aviation scam and the boom and bust of airlines in India

Lalit Shastri The fate of now closed Kingfisher Airline, Air India’s huge debt burden and the latest grounding of Jet Airways raises several burning questions. The merger of Indian Airlines with Air India and the reckless acquisition of aircraft by these airlines ahead of their merger and many related issues has put the former Union

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Government of India Transfers and postings this week

Newsroom24x7 Network New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the proposal for grant of cadre clearance to Dr. Vasanthakumar N (IAS – AGMUT: 2004) to take up Long Term Foreign Assignment to University of Manitoba, as Executive Director, Uttar Pradesh technical support Unit (UP-TSU) in Lucknow, Uttar Pradesh, under Rule 6(2)(ii) of

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This Week: Government of India transfers and postings

Newsroom24x7 Network New Delhi: The Appointments Committee of the Cabinet has approved the premature repatriation of  Arun Kumar Mehta, IAS (JK, 1988), Additional Secretary Ministry of Environment, Forest and Climate Change to his parent cadre after 31/12/2018. Orders this week: SNo. Order No. Date Concerned Officers Details 1 27/25/2018-EO(SM-I) (2) 24/08/2018 Arun Kumar Mehta, Indian

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Tourism Ministry has sanctioned outlay of Rs. 6438 crore for two flagship schemes

Newsroom24x7 Network New Delhi: The Ministry of Tourism is spearheading two flagship programmes – One is Swadesh Darshan with a sanctioned outlay of Rs. 5,711 crore and the other is Prasad, which has an outlay of Rs, 727 crore. under the Swadeh Darshan scheme, 69 projects have been sanctioned while 24 schemes have been sanctioned

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Defence contracts worth Rs.1190 billion signed with Indian vendors in last 4 years

Newsroom24x7 Network New Delhi: Confronted with a raging controversy over the Rafale deal and more particularly questions raised by Congress President Rahul Gandhi in this regard as well as his latest jibe vis-a-vis Dassault Reliance Aerospace Ltd, the Key offset partner with Dessault Aviation for 36 Rafale Aircraft worth Rs. 30000 crore being acquired for the

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Antrix-Devas case and PCA: BIPA with Mauritius needs to be relooked at

Lalit Shastri The termination of Antrix-Devas Agreement leading to Arbitration by the PCA under the UNCITRAL Arbitration Rules and BIPA brings us to the core issue. Such bilateral agreements to promote and protect investments need to be re-looked at and revised with ex post facto effect. There cannot be bilateral agreements between countries that provide

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UP Singh gets additional charge of Secretary Water Resources

Newsroom24x7 Network New Delhi: The Appointments Committee of the Cabinet has approved the assignment of the additional charge of the post of Secretary, Ministry of Labour & Employment to U.P.Singh, lAS (OR:1985), Secretary, Ministry of Water Resources, River Development and Ganga Rejuvenation.  Y.L.P. Rao is Deputy Director General UIDAI ACC has also cleared the proposal of UIDAI,

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Government forced to withdraw “Guidelines for accreditation of Journalists amended to regulate Fake News”

Newsroom24x7 Network New Delhi: Confronted with massive condemnation and anger that swept across the journalistic fraternity against a decision of the Central Government that was being viewed as an attempt to gag the media, the Union Ministry of Information and Boardcasting was today compelled to issue a statement to announce that “Guidelines for accreditation of

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Government of India permits outsourcing of jobs in the interest of economy

Newsroom24x7 Network New Delhi: A Ministry or Department can procure certain non-consulting services in the interest of economy and efficiency under the basic guidelines provided in rule 199 to 206 of “General Financial Rules 2017” (GFR 2017). Each Ministry and Department is competent to procure services at their level to meet seasonal or short-term requirements

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