Search Results for Tag : finance
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Lok Sabha Passes Finance Bill, 2020 without Discussion amid Coronavirus Pandemic(27.03.2020)
Lok Sabha has passed the Finance Bill, 2020 with amendments as political parties agreed to clear the Central Government’s financial and tax proposals .....
Tags : Finance Bill, Amendment, Passing of
Reserve Bank of India issues (Regulatory Framework for Microfinance Loans) Directions, 2022(14.03.2022)
Reserve Bank of India issues (Regulatory Framework for Microfinance Loans) Directions, 2022. The provisions of the directions shall apply to All Comme.....
Tags : Microfinance loans, Framework, Directions
RBI launches pilot project on digitalisation of lending in rural areas(02.09.2022)
Digitalisation of various aspects of rural finance is an important objective of RBI’s Fintech initiatives in view of challenges associated with rural .....
Tags : Project, Launch, Rural finance
Cabinet approves Terms of Reference for the Sixteenth Finance Commission(29.11.2023)
The Union Cabinet chaired by the Prime Minister, has approved the Terms of Reference for the Sixteenth Finance Commission. The 16th Finance Commission.....
Tags : Terms of Reference, Approval, Finance Commission
Expert Committee on Climate Finance submits First Report on Transition Finance to IFSCA(02.07.2024)
The Expert Committee on Climate Finance submitted its first report on Transition Finance to the Chairperson, International Financial Services Centres .....
Tags : Climate finance, Report, Submission
Notifications & Circulars
RBI constitutes a Committee on Household Finance(04.08.2016)
The Reserve Bank of India (RBI) has set up a committee to look at the various facets of household finance in India and to benchmark India's position v.....
Tags : Household Finance, Committee, Constitution
Prudential Limits in Sector Exposure for Housing Finance Companies (HFCs)(22.02.2017)
Presently, the guidelines for sectoral exposure in debt oriented mutual fund schemes put a limit of 25% at the sector level and an additional exposure.....
Tags : Limit, Housing Finance, Sectoral exposure
Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)
1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....
Tags : Payments Bank, Small Finance Banks, Access
RBI releases the Report of the Committee on the Development of Housing Finance Securitisation Market(09.09.2019)
The Reserve Bank of India had constituted a Committee on the Development of Housing Finance Securitisation Market, on May 29, 2019, with Dr. Harsh Var.....
Tags : Report, Release, Housing Finance, Securitisation Market
Ministry of Finance launches channel on Youtube(04.02.2016)
The Ministry of Finance launched a dedicated channel on Youtube to disseminate announcements and explanations of matters debated amongst the public.
Tags : Ministry, finance, youtube
Suryoday Small Finance Bank Limited commences operations(23.01.2017)
Suryoday Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 2017. The Reserve Bank has issue.....
Tags : Finance Bank, Small, Operations
Finance Minister Smt Nirmala Sitharaman holds pre-budget consultation with Finance Ministers of States/Union Territories (with Legislature) for Budget 2021-22(18.01.2021)
The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and .....
Tags : Pre-budget, Consultation, Finance Ministers
Reserve Bank of India imposes monetary penalty on Muthoot Finance Limited(19.11.2020)
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of Rs.10.00 lakh (Rupees Ten lakh only) on Muthoo.....
Tags : Penalty, Imposition, Muthoot Finance
Reserve Bank of India imposes monetary penalty on Manappuram Finance Limited(19.11.2020)
The Reserve Bank of India (RBI) has imposed, by an order dated November 19, 2020, a monetary penalty of Rs. 5.00 lakh (Rupees Five lakh only) on Manap.....
Tags : Penalty, Imposition, Manappuram Finance
Reserve Bank of India imposes monetary penalty on Bajaj Finance Limited(05.01.2021)
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (th.....
Tags : Penalty, Imposition, Bajaj Finance
Committee for examining applications under Rule 10VA notified(23.05.2016)
The Central Board of Direct Taxes noticed several Commissioners of Income Tax as Committee examine and opine on cases in respect of offshore funds fun.....
Tags : offshore fund, manager, approval, finance act 2015
Indirect Tax Dispute Resolution Scheme Rules, 2016(31.05.2016)
The Ministry of Finance introduced Rules to give effect to Section 18 of the Finance Act 2016.
The Rules provide declarations and manner of.....
Tags : indirect tax, dispute resolution, finance act, 2016
Direct Tax Dispute Resolution and Equalisation Levy effective 1 June 2016(31.05.2016)
The Direct Tax Dispute Resolution Scheme 2016 under Chapter X of the Finance Act 2016 came into effect on 1 June 2016. Declarations in respect of tax .....
Tags : direct tax, dispute resolution, equalisation levy, finance act, 2016
RBI releases names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks in the Private Sector(15.04.2021)
The Reserve Bank of India today released the names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Bank.....
Tags : Licensing, Universal Banks, Small Finance Banks
Government of India and European Investment Bank sign finance contract for first tranche loan of Euro 250 million for Agra Metro Rail project(23.12.2021)
Hon'ble Prime Minister Shri Narendra Modi had inaugurated construction work of Agra Metro project in Agra last year
The Government of India (.....
Tags : Finance contract, Signing of
Performance of authentication by PNB Housing Finance Limited under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016(04.01.2022)
In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Govern.....
Tags : Performance, Authentication, PNB Housing Finance
Report on Municipal Finances(10.11.2022)
The Reserve Bank of India (RBI) released the Report on Municipal Finances. Compiling and analysing budgetary data for 201 municipal corporations (MCs).....
Tags : Report, Release, Municipal Finances
Central Government makes specific amendments to notification No. 1/2019-Customs (CVD) in the Ministry of Finance (Department of Revenue)(11.03.2024)
Whereas, the designated authority vide initiation notification F. No. 7/30/2023-DGTR, dated the 29th December, 2023, published in the Gazette of India.....
Tags : Notification No. 1/2019, Ministry of Finance, Amendment in Notification
Punjab and Maharashtra Co-operative Bank Ltd. branches to operate as Unity Small Finance Bank Ltd.(25.01.2022)
The Government of India has today sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Ba.....
Tags : Branches, Operation, Unity Small Finance Bank Ltd.
Circular regarding voluntary transition of Small Finance Banks to Universal Banks(26.04.2024)
1. This is with reference to Paragraph 14 of the "Guidelines for 'on-tap' Licensing of Small Finance Banks in Private Sector" dated December 5, 2019, .....
Tags : Voluntary transition, Small Finance Banks, Conversion
India has Taken Lead to raise the issue of Climate Finance at International Forums(28.07.2022)
At the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) held in Copenhagen in 2009, developed .....
Tags : Climate Finance, International Forums, COP15
Review of regulatory framework for Housing Finance Companies(22.10.2020)
1.With reference to the Bank's Press Release No.2019-20/419 dated August 13, 2019 and draft regulatory framework placed in public domain on June 17, 2.....
Tags : Review, Regulatory framework, Housing Finance
Unity Small Finance Bank Limited commences operations(01.11.2021)
Unity Small Finance Bank Limited has commenced operations as a small finance bank with effect from November 1, 2021. The Reserve Bank has issued a lic.....
Tags : Finance Bank, Operations, Commencement
Finances of Panchayati Raj Institutions(24.01.2024)
The Reserve Bank of India (RBI) released its Report titled "Finances of Panchayati Raj Institutions". Drawing upon data on 2.58 lakh Panchayats for th.....
Tags : Finances, Institutions, Report
RBI releases proposed changes in regulations applicable to Housing Finance Companies for public comments(17.06.2020)
Post transfer of regulation of HFCs from National Housing Bank (NHB) to Reserve Bank with effect from 9th August , 2019, a Press Release dated August .....
Tags : Changes, Regulations, Housing Finance Companies for
Secretary, DEA inaugurates the Workshop on the involvement of Multilateral Agencies in developing the capacity of Finance Departments of the States and Union Territories(11.09.2017)
Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance, Govt. of India inaugurated here today the familiariza.....
Tags : Workshop, Introduction, Multilateral Agencies, Finance Departments, Development
Cabinet approves extension of the term of the Fifteenth Finance Commission up to 30th November, 2019(17.07.2019)
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of the term of Fifteenth Finance Commission up to 30th November, .....
Tags : Finance Commission, Term, Extension
Alignment of Appendix 4R with the Finance Act, 2021(11.05.2022)
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade .....
Tags : Alignment, Appendix, Finance Act, 2021
Equitas Small Finance Bank Limited commences operations(12.09.2016)
The Reserve Bank of India has issued a licence to Equitas Small Finance Bank Limited under Section 22 (1) of the Banking Regulation Act, 1949 to carry.....
Tags : Bank, Equitas Small Finance, Licence
Syncing of ITC (IIS), 2022- Schcdule-1 (Import Policy) with the Finance Act, 2022 (No. 6 of 2022) dated 30.03.2022(07.07.2022)
1.In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (as amended from time t.....
Tags : Syncing, Import Policy, Finance Act
Alignment of Appendix 4R with the Finance Act, 2022 with effect from 01.05.2022(01.06.2022)
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade .....
Tags : Alignment, Appendix 4R, Finance Act, 2022
News
Finance Ministry to Refund Swachh Bharat Cess Paid by SEZs(04.02.2016)
Finance Ministry, while providing relief to Special Economic Zones (SEZs) units and developers, has said they will be entitled to refund of Swachh Bha.....
Tags : Finance Ministry, SEZs
Union Budget 2017-18: Key Updates(01.02.2017)
#No cash transactions above Rs 3 lakh.
#MSMEs with 50 crore turnover will get a 5% reduction in corporate income tax.
#Cash donations to political p.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Union Budget 2017-18: Key Updates(01.02.2017)
#Income Tax rate for annual income between Rs 2.5 lakh to 5 lakh reduced to 5% from 10%.
#Zero tax liability for people with annual income of Rs 3 la.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Union Budget 2017-18: Key Updates(01.02.2017)
#Surcharge of 10% on individuals earning between Rs 50 lakh to Rs 1 crore.
#Foreign investors will not have to pay tax after cashing out of offshore .....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Union Budget 2017-18: Key Updates(01.02.2017)
#India abolishes Foreign Investment Promotion Board (FIPB), the body which approves all inbound FDI investment proposals.
#Payment regulatory board t.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Govt Proposes 5% TDS on House Rent Payable to Residents by Individuals / HUFs(02.02.2017)
Government has proposed 5% TDS on House Rent Payable exceeding fifty thousand rupees for a month or part of month during previous year to Resident by .....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Govt Proposes to Change Base Year For Computing Capital Gains to 2001 From 1981(02.02.2017)
Government has proposed that cost of acquisition of an asset acquired before 01.04.2001 shall be allowed to be taken as fair market value as on 01.04......
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Govt Extends Due Date for Filing of Form 16 to Employees Till 15th June, 2017(06.06.2017)
Finance Ministry has extended due date for filing Form 16 to employees to 15th June, 2017 which was earlier fixed to 31st May 2017.
Tags : Finance Ministry, Form 16
Service Tax Paid by Mistake Can’t be Refunded under Finance Act, 1994: CESTAT(10.05.2019)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that refund of the service tax paid by mistake cannot be processed under the Fina.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Finance Act, 1994
Finance Ministry Relaxes Norms for Essential, Medical Supplies(31.03.2020)
Finance Ministry has relaxed procurement, expenditure and transportation norms for medical and other essential supplies for the department of pharmace.....
Tags : Finance Ministry, Medical Supplies
Finance Ministry Says No Extension of Financial Year(31.03.2020)
Finance Ministry has said that it has not extended the financial year 2019-20 and it will end as scheduled on 31st March, 2020.
Tags : Finance Ministry, Financial Year
Finance Ministry Defers Enforcement of Amendments to Indian Stamp Act Till 1st July(31.03.2020)
Finance Ministry has deferred the date for enforcement of the amendments to the Indian Stamp Act, 1899, as proposed under Part I, Chapter IV of the Fi.....
Tags : Finance Ministry, Indian Stamp Act
Centre Defers Due Date for Renewal of Health & Motor Vehicle Insurance Policies Till 21st April(02.04.2020)
Ministry of Finance has extended the due date for renewal of motor vehicle third party insurance and for health insurance policies expiring between 25.....
Tags : Finance Ministry, Renewal of Health & Motor Vehicle Insurance
Delhi HC Issues Notice in Indiabulls Housing Finance Ltd's Plea on Downgrading of Credit Rating(06.04.2020)
Delhi High Court has issued notices to Securities Exchange Board of India and ICRA Limited in a plea moved by Indiabulls Housing Finance Limited chall.....
Tags : Delhi High Court, Indiabulls Housing Finance Limited
Finance Ministry Relaxes Reporting Rules for FATCA(30.05.2016)
Finance Ministry has eased certain rules in reporting by financial institutions to comply with an agreement between India and the US for implementing .....
Tags : Finance Ministry , FATCA
SERVICE TAX - Supplying Electricity to Occupants of Commercial Complex is subject to Service Tax: Calcutta HC(28.03.2019)
Calcutta HC has held that the transaction of obtaining high-tension electric and supplying it to occupants after converting it to low-tension supply a.....
Tags : Calcutta HC, Service Tax, Finance Act, 1994
Lok Sabha Passes Finance Bill, 2020 Without Discussion(23.03.2020)
Lok Sabha has passed the Finance Bill, 2020 with amendments as political parties agreed to clear the Central Government’s financial and tax proposals .....
Tags : Lok Sabha, Finance Bill, 2020
Finance Minister Extends Deadline for Filing of Income Tax Returns for FY 2018-19(24.03.2020)
Finance Minister, Nirmala Sitharaman has announced that the date for filing income tax returns for the financial year 2018-19 has been extended till 3.....
Tags : Finance Minister, Extension of Deadline for Filing of Returns
Finance Ministry Raises Threshold for Triggering Insolvency(24.03.2020)
Finance Ministry has announced special relief packages for companies under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 by rai.....
Tags : Finance Ministry, Threshold for Insolvency
Finance Minister: No Charge on ATM Withdrawals; Complete Waiver of Minimum Balance Charge(25.03.2020)
Finance Minister, Nirmala Sitharaman has announced a complete waiver of minimum balance charges for savings bank accounts for the next 3 months, and f.....
Tags : Finance Minister, Charge on ATM Withdrawals
Supreme Court Strikes Down Rules in Amended Finance Act 2017 on Tribunals(13.11.2019)
Supreme Court has struck down rules in the amended Finance Act, 2017 on Tribunals and has directed the Government to reformulate fresh norms with resp.....
Tags : Supreme Court, Finance Act 2017
# GST Changes Applicable From 01.01.2021: Amendment to Composition Scheme Under CGST Act(29.12.2020)
Finance Act, 2020 has amended Section 10(2) of the Central Goods and Services Tax Act, 2017 to provide that a registered person seeking to pay the tax.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Composition Scheme
# GST Changes Applicable From 01.01.2021: Time Limit for ITC Availment on Debit Note Amended(29.12.2020)
Finance Act, 2020 has amended Section 16 (4) of the Central Goods and Service Act, 2017, omitting the words “invoice relating to such” and hence the t.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, ITC on Debit Note
# GST Changes Applicable From 01.01.2021: Voluntarily Registered Persons Can Opt for Cancellation(29.12.2020)
Finance Act, 2020 has amended Section 29(1) of the Central Goods and Service Act, 2017 to provide that even a registered person who has obtained the r.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Cancellation of Registration
# GST Changes Applicable From 01.01.2021: Extension on Period for Filing of Revocation Application(29.12.2020)
Finance Act, 2020 has amended Section 30(1) of the Central Goods and Service Act, 2017 to provide that on sufficient cause, the Additional/Joint Commi.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Filing of Revocation Application
Govt Proposes To Increase Threshold Limits For Maintenance Of Books Of Account(02.02.2017)
Government has proposed to increase threshold limits for maintenance of books of account in case of individuals and Hindu Undivided Family of income a.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Govt Proposes To Make Conversion Of Preference Shares To Equity Shares Tax Neutral(02.02.2017)
Government has proposed to provide tax neutrality to conversion of preference shares of a company into equity shares of that company by excluding such.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
Govt Proposes to Exemption Of Long Term Capital Gains Tax Only If STT Is Chargeable(02.02.2017)
Government has proposed to provide tax exemption on income arising from transfer of long capital asset acquired on or after 01/10/2004, only if acquis.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
#Union Budget 2021-2022: Finance Minister Announces Aatmanirbhar Health Yojana(01.02.2021)
Finance Minister has announced Aatmanirbhar Health Yojana with an outlay of Rs. 64,180 Crores over 6 years to strengthen the National Centre for Disea.....
Tags : Finance Minister, Union Budget, Aatmanirbhar Health Yojana
#Union Budget 2021-2022: Finance Minister Announces Allocations to Health and Wellness Sector(01.02.2021)
Finance Minister has announced Rs. 2,83,846 Lakh Crore for health and wellness sector which also includes Rs. 35,000 Crore for Covid-19 vaccines.
Tags : Finance Minister, Union Budget, Health and Wellness Sector
#Union Budget 2021-2022: Finance Minister Announces PLI Scheme for 13 Sectors(01.02.2021)
Finance Minister has announced a PLI scheme for 13 sectors. The Government has committed Rs 1.97 lakh crore over the next 5 years. In addition to earl.....
Tags : Finance Minister, Union Budget, PLI Scheme
#Union Budget 2021-2022: Finance Minister Proposes Launch of National Monetising Pipeline(01.02.2021)
Finance Minister has proposed to launch a national monetising pipeline and a dashboard to overlook the progress, stating that monetising operating pub.....
Tags : Finance Minister, Union Budget, National Monetising Pipeline
#Union Budget 2021-2022: National Railway Plan Created for Future Ready Railway System(01.02.2021)
National Rail Plan has been created to bring a future ready Railway system by 2030. Finance Minister has said that the dedicated Eastern and Western F.....
Tags : Finance Minister, Union Budget, National Railway Plan
#Union Budget 2021-2022: MetroLite and MetroNeo to be Introduced in Tier 2 Cities(01.02.2021)
Finance Minister has proposed to introduce MetroLite and MetroNeo in Tier 2 cities and peripheral areas of Tier 1 cities with additional allocation fo.....
Tags : Finance Minister, Union Budget, MetroLite and MetroNeo
#Union Budget 2021-2022: Finance Minister Proposes Unified Securities Market Code(01.02.2021)
Finance Minister proposes to consolidate the provisions of the Securities and Exchange Board of India Act, 1992, Depositories Act, 1996 and two other .....
Tags : Finance Minister, Union Budget, Unified Securities Market Code
#Union Budget 2021-2022: Finance Minister Proposes to Introduce Investor Charter(01.02.2021)
Finance Minister proposes to introduce an investor charter as a right for all investors in all financial products and to amend the Insurance Act, 1938.....
Tags : Finance Minister, Union Budget, Investor Charter
#Union Budget 2021-2022: Proposals for Agriculture and Rural Development(01.02.2021)
Finance Minister has said that agriculture infrastructure fund will be available for APMCs for augmenting their infrastructure. Further, 1,000 more Ma.....
Tags : Finance Minister, Union Budget, Agriculture and Rural Development
Bombay HC: Implead ITC, Finance Ministry, SEBI as Parties in PIL Against LIC Investment in LIC(28.04.2017)
Bombay High Court has directed petitioners of a PIL opposing idea of Life Insurance Corporation of India holding one-third equity stake in tobacco gia.....
Tags : Bombay High Court, ITC, Finance Ministry, SEBI
ITAT, Cochin Denies Tax Exemption to Trust on Micro Finance Activity(12.03.2020)
Income Tax Appellate Tribunal (ITAT), Cochin has held that micro finance activity cannot be treated as charitable in nature for the purpose of allowin.....
Tags : Income Tax Appellate Tribunal, Micro Finance Activity
Lok Sabha Passes Finance Bill 2021(24.03.2021)
Lok Sabha has passed the Finance Bill, 2021 to give effect to the financial proposals of the Central Government for the financial year 2021-2022. The .....
Tags : Lok Sabha, Finance Bill 2021
#Economic Survey 2021-2022: Finance Minister Tables Economic Survey: Projected GDP Growth Rate at 8%(31.01.2022)
Finance Minister Nirmala Sitharaman has tabled the Economic Survey report in the Lok Sabha. The Survey has projected a GDP growth rate in the range of.....
Tags : Finance Minister Nirmala Sitharaman, Projected GDP Growth Rate
#Union Budget 2022-2023: FM Allows Parents to Take Insurance from Children with Disability(01.02.2022)
Finance Minister has stated that the parents or guardian can take insurance from their children with disabilities. The payment of annuity or lump sum .....
Tags : Union Budget, Finance Minister, Insurance from Children with Disabilities
#Union Budget 2022-2023: Finance Minister Proposes New Provision to File Updated Return(01.02.2022)
Finance Minister has proposed a new provision to file an updated return on payment of additional tax which can be filed within 2 years. This will enab.....
Tags : Union Budget, Finance Minister, Updated Return
#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)
Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....
Tags : Union Budget, Finance Minister, Central Bank Digital Currency
#Union Budget 2022-2023: Telecommunication Development in Rural Areas(01.02.2022)
Finance Minister has stated that 5% annual collection of service obligation fund will be allocated for rural telecom and broadband development. Contra.....
Tags : Union Budget, Finance Minister, Telecommunication Development
#Union Budget 2022-2023: Acceleration of Corporate Exit and Launch of E-Bill System(01.02.2022)
Finance Minister has said that accelerated corporate exit will be facilitated by reducing it from 2 years to 6 months. E-bill system will be launched .....
Tags : Union Budget, Finance Minister, Corporate Exit, E-Bill System
#Union Budget 2022-2023: Finance Minster Introduces Battery-Swapping Policy(01.02.2022)
Finance Minister proposes to formulate battery swapping policy and inter operability standards to improve efficiency for Electric Vehicle.
Tags : Union Budget, Finance Minister, Battery-Swapping Policy
#Union Budget 2022-2023: Finance Minister Informs on Expansion of Parivesh for Green Clearances(01.02.2022)
Finance Minister informs on expansion of scope of Parivesh - single window portal for all green clearances. e-Passports to be rolled out in 2022-23 wi.....
Tags : Union Budget, Finance Minister, Expansion of Parivesh for Green Clearances
#Union Budget 2022-2023: Post Office to Come Under Core Banking Systems(01.02.2022)
Finance Minister has said that 100% of 1.5 lakh Post Offices will come on Core banking systems to help farmers and senior citizens in rural areas. Go.....
Tags : Union Budget, Finance Minister, Core Banking Systems
#Union Budget 2022-2023: Finance Minister Informs on Plans Under Aspirational Districts Programme(01.02.2022)
Finance Minister has stated that in 2022-23 Aspirational districts programme will focus on lagging blocks. Vibrant villages programme for border villa.....
Tags : Union Budget, Finance Minister, Aspirational Districts Programme
#Union Budget 2022-2023: Launch of PM Development Initiative Scheme for North East(01.02.2022)
Finance Minister has informed on launch of PM Development Initiative Scheme for North East to fund infrastructure in spirit of PM Gati Shakti. This wi.....
Tags : Union Budget, Finance Minister, PM Development Initiative Scheme for North East
#Union Budget 2022-2023: Development of Anganwadis(01.02.2022)
Finance Minister has introduced Saksham Anganwadis as new generation anganwadis powered by clean energy, stating that 2 lakh anganwadis will be upgrad.....
Tags : Union Budget, Finance Minister, Anganwadis
#Union Budget 2022-2023: Launch of National Mental Health Tele-programme(01.02.2022)
Finance Minister has informed on launch of National Mental Health Tele-programme with NIMHANS being Nodal centre, highlighting the accentuated mental .....
Tags : Union Budget, Finance Minister, National Mental Health Tele-programme
#Union Budget 2022-2023: Launch of Digital University(01.02.2022)
Finance Minister has said that a digital university will be established for world- class education, in different languages, based on networked hub mod.....
Tags : Union Budget, Finance Minister, Digital University
#Union Budget 2022-2023: Launch of New Portal for Skilling; Expansion of One Class, One TV Channel(01.02.2022)
Finance Minister has said that a new portal will be launched for skilling. One Class, One TV channel, will be expanded from 12 to 200 TV Channels to h.....
Tags : Union Budget, Finance Minister, New Portal for Skilling, One Class, One TV Channel
RBI Issues Draft Norms for Account Aggregators(04.03.2016)
Reserve Bank of India (RBI) has issued draft guidelines for setting up of Non-Banking Finance Companies (NBFC) that would act as account aggregators a.....
Tags : Reserve Bank of India , Non-Banking Finance Companies
Govt Relaxes Norms Dealing with CSR, Directors Appointment, Audits for Ease of Doing Biz At GIFT City(20.01.2017)
Union Ministry of Corporate Affairs has issued two notifications, giving thereby more relaxations aimed at more 'ease of doing business' for companies.....
Tags : Union Ministry of Corporate Affairs, Gift Citybased International Finance Service Centre
No Arrest Under Section 91 Finance Act Without Notice and Hearing: SC(01.02.2019)
Supreme Court has upheld the decision of Delhi High Court which held that following the procedure under Section 73A(3) and (4) of the Finance Act 1994.....
Tags : Supreme Court, Section 91 Finance Act
# GST Changes Applicable From 01.01.2021: Extension of Government Power Related to Tax Invoice(29.12.2020)
Finance Act, 2020 has amended Section 31(2) of the Central Goods and Service Act, 2017 to grant the power to the Government to specify, with respect t.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Tax Invoice
# GST Changes Applicable From 01.01.2021: Provisions Related to TDS Certificate Omitted(29.12.2020)
Finance Act, 2020 has omitted the provisions related to the procedural part contained in Section 51 of the Central Goods and Services Tax Act, 2017 de.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, TDS Certificate
# GST Changes Applicable From 01.01.2021: Penalty for Beneficiaries of Fake Invoicing Introduced(29.12.2020)
Finance Act, 2020 has introduced new sub-section (1A) in Section 122 wherein it has been proposed that a person who retains the benefit of certain tra.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Penalty, Fake Invoicing
# GST Changes Applicable From 01.01.2021: Schedule II, CGST Act, 2017 Only to Classify Supply(29.12.2020)
Finance Act, 2020 has made a retrospective amendment effective from 01.07.2017 to the effect that the aspect of presence/absence of consideration will.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Schedule II
Public Sector Firms to Pay 30% Dividend(08.01.2016)
Finance Ministry has asked Central Public Sector Enterprises (CPSEs) to shell out 30% dividend to the government, and that CPSEs with large cash reser.....
Tags : Finance Ministry, Central Public Sector Enterprises , Dividend
SAT to SEBI: Hear Bajaj Finance Plea(04.12.2019)
Securities Appellate Tribunal has asked the Securities and Exchange Board of India to hear Bajaj Finance’s plea against the capital market regulator, .....
Tags : SAT, Bajaj Finance
MoF Grants Exemptions from Service Tax on Certain Services Provided by Govt. and Local Authorities(15.04.2016)
Ministry of Finance (MoF) has granted business entities exemption from service tax on certain services provided by Govt. and local authorities. Over r.....
Tags : Ministry of Finance , Service Tax
Rajya Sabha Passes Finance Bill, 2017(30.03.2017)
Rajya Sabha has passed Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.
Tags : Rajya Sabha , Finance Bill, 2017
Finance Bill, 2017 Receives Presidential Assent, Takes Effect From Today(03.04.2017)
President Pranab Mukherjee has given his assent to the Finance Bill, 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh a.....
Tags : Finance Bill, 2017, Presidential Assent
SC rules in Favour of Revenue Department in Reassessment Dispute Case(05.05.2022)
Supreme Court by reversing the high court orders that had quashed income-tax notices under the old reassessment regime has held that notices issued un.....
Tags : Supreme Court, Finance Act, 2021, reassessment, old regime, income-tax notices
#Union Budget 2021-2022: Late Deposit of Contributions Not Allowed as Deductions to Employers(01.02.2021)
Finance Minister has reiterated that late deposit of contributions will not be allowed as deductions to employers, taking notice that some employers d.....
Tags : Finance Minister, Union Budget, Provident Fund Deductions
#Union Budget 2021-2022: Finance Minister Proposes Revised Customs Duty Structure(01.02.2021)
Finance Minister has proposed to review over 400 old exemptions through extensive consultations for a revised customs duty structure free of distortio.....
Tags : Finance Minister, Union Budget, Revised Customs Duty Structure
Finance Ministry: No Audit for Turnover of Up to Rs 2 Crore if Opted Presumptive Taxation Scheme(21.06.2016)
Finance Ministry has said that small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they o.....
Tags : Finance Ministry, presumptive taxation scheme, Audit
Govt. Announces Terms for Premature PPF Withdrawal(21.06.2016)
Finance Ministry has said that subscribers of Public Provident Fund (PPF) can prematurely close deposit scheme after completing five years for reasons.....
Tags : Finance Ministry, PPF
Union Budget 2019: Union Finance Minister Nirmala Sitharaman Presents First Budget of New Government(05.07.2019)
The Union Finance Minister Nirmala Sitharaman has presented her first budget and the second woman after Indira Gandhi on behanlf of the new Government.....
Tags : Union Budget 2019, Finance Minister
Finance Minister Introduces Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021(27.07.2021)
Finance Minister Nirmala Sitharaman has introduced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which amends the Insolvency and Ban.....
Tags : Finance Minister, Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
SICA Repeal Act Shall Come into Force From Dec. 01, 2016(30.11.2016)
Ministry of Finance has appointed December 1, 2016 as the date on which provisions of Sick Industrial Companies (Special Provisions) Repeal Act, 2003 .....
Tags : Ministry of Finance, SICA Repeal Act, Sick Industrial Companies
Ministry of Finance Repeals SICA With Effect From Today(01.12.2016)
Ministry of Finance has repealed Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) with effect from today.
Tags : Ministry of Finance, Sick Industrial Companies (Special Provisions) Act, 1985
Govt. Increases Monetary Limit for Challenging Tax Cases(26.04.2016)
Finance Ministry has raised monetary limit for filing appeals in indirect tax cases to Rs 10 lakh in appellate tribunal, and Rs 15 lakh in High Courts.....
Tags : Finance Ministry , Tax Cases
Lok Sabha Passes Finance Bill 2016(05.05.2016)
Lok Sabha has approved the Finance Bill 2016 with minor changes including withdrawal of the proposal to tax withdrawal on provident fund.
Tags : Lok Sabha, Finance Bill 2016
DIRECT TAXATION - Finance Ministry Enhances Income Tax Exemption for Gratuity up to Rs. 20 Lakhs(07.03.2019)
Ministry of Finance has enhanced income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 up to Rs. 20 lakhs.
Tags : Ministry of Finance, Gratuity
RBI Imposes Penalty on Equitas for Selling MF, Insurance Products Without Approval(09.03.2018)
Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on Equitas Small Finance Bank for distributing mutual fund (MF), insurance and wealth .....
Tags : Reserve Bank of India, Equitas Small Finance Bank
Lok Sabha Passes Finance Bill, Appropriation Bill by Voice Vote(14.03.2018)
Lok Sabha has passed the Finance Bill approving the budget for the fiscal year beginning April 1. Applying the guillotine process, the Bill was passed.....
Tags : Lok Sabha, Finance Bill
Finance Minister Unveils the Union Budget 2020-2021(01.02.2020)
Finance Minister Nirmala Sitharaman has tabled the Union Budget 2020 in the Lok Sabha. She has said in her budget speech that the budget is aimed at b.....
Tags : Finance Minister, Union Budget 2020-2021
Gujarat HC Issues Notice to GIFT City(17.02.2016)
Gujarat HC has issued a notice to Gujarat Internat-ional Finance Tec-City Company (GIFT City) after hearing a public interest litigation (PIL) that a.....
Tags : Gujarat HC , Gujarat Internat-ional Finance Tec-City Company
Ministry of Finance Extends Due Date for Filing of Income Tax Returns(31.12.2020)
Ministry of Finance has extended the due date for filing of income tax returns for the financial year 2019-2020 (AY 2020-21) as follows: (A) The due d.....
Tags : Ministry of Finance, Due Date of Filing Income Tax Returns
Ministry of Finance Extends Due Date for Filing of Income Tax Returns(31.12.2020)
Ministry of Finance has extended the due date for filing of income tax returns for the financial year 2019-2020 (AY 2020-21) till 10th January, 2021. .....
Tags : Ministry of Finance, Due Date of Filing Income Tax Returns
Finance Ministry Extends Deadline for Making Declaration Under Vivad Se Vishwas Scheme(31.12.2020)
Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31st January, 2021 from 31st December, 2020.
Tags : Ministry of Finance, Vivad se Vishwas Scheme, Deadline for Declaration
Supreme Court: Fixing of Commercial Tariff for Self-Financed Educational Institutions Legally Valid(24.02.2020)
Supreme Court has held that clubbing of Self-financed educational institutions with commercial service providers to fix electricity tariffs Higher tha.....
Tags : Supreme Court, Commercial Tariff for Self-Financed Educational Institutions
Govt Notifies Finance Act 2018(31.03.2018)
Ministry of Finance has notified the Finance Act, 2018 applicable with effect from 1st April 2018.
Tags : Budget 2018, Finance Act
CONSTITUTION - Delhi HC Dismisses PIL Challenging Amendments to PMLA Through Finance Act(28.02.2019)
Delhi High Court has dismissed the PIL filed by Congress Leader Jairam Ramesh challenging the amendments to Prevention of Money Laundering Act, 2002 t.....
Tags : Delhi High Court, Prevention of Money Laundering Act, 2002, Finance Acts of 2015, 2016 and 2018
CIVIL - International Finance Corporation Not Absolutely Immune from Suit Filed by Gujarat Farmers: US SC(01.03.2019)
United States Supreme Court has held that International Finance Corporation is not absolutely immune from suit filed against it by Gujarat farmers and.....
Tags : US Supreme Court, International Finance Corporation, Gujarat Farmers
RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)
Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....
Tags : RBI, Small Finance Bank
Allahabad HC: Writ of Mandamus Cannot be Issued to a Private Body(14.01.2021)
Allahabad High Court in Arif Khan v. Branch Manager Mahindra Finance Sultanpur & Another, observed that writ of Mandamus cannot be issued to a private.....
Tags : Allahabad High Court, Arif Khan v. Branch Manager Mahindra Finance Sultanpur & Another
Yes Bank Case: Bombay HC Discharges DHFL(18.11.2021)
Bombay HC has discharged Dewan Housing Finance Corporation Ltd. (DHFL) and dropped the proceedings against it in a case of cheating and corruption reg.....
Tags : Bombay HC, Dewan Housing Finance Corporation Ltd., Yes Bank
Finance Minister Announces Rs. 1.7 Lakhs Crore Package for Aid of Poor(27.03.2020)
Finance Minister Nirmala Sitharaman has announced a Rs 1.7 lakh crore package focused on emergency cash transfers into bank accounts of the poor, alon.....
Tags : Finance Minister, Aid of Poor
SC Notice to Centre on Changes in CAT Appointments Brought by Finance Act, 2017(21.08.2017)
Supreme Court has issued notice to Finance Ministry on a petition filed by Central Administrative Tribunal Bar Association challenging the alterations.....
Tags : Supreme Court, Finance Act
Madras HC’s Directive on Police Seizure of Jewels(10.05.2016)
Madras HC, while disposing of a writ petition filed by the manager of Muthoot Finance, has said enterprises offering loans against gold jewellery alwa.....
Tags : Madras HC, Muthoot Finance
Finance Bill, 2016 Receives Presidential Assent(16.05.2016)
The Finance Bill, 2016 has been enacted as The Finance Act No. 28 of 2016, by receiving Presidential assent as on 14 May 2016.
Tags : The Finance Act No. 28 of 2016
Finance Bill 2017: Govt Proposes to Make Aadhaar Mandatory For Filing Tax Return & Pan Card(22.03.2017)
Government has proposed to make Aadhaar card mandatory to file Income Tax Return (ITR) and for permanent account number (PAN) from July 1.
Tags : Finance Bill 2017
Finance Bill 2017: Govt Proposes to Reduce Cash Transaction Limit to Rs 2 Lakh From Rs 3 Lakh(22.03.2017)
Government has moved amendments to Finance Bill 2017 proposing to further reduce legal cash transaction limit from Rs3 lakh to Rs2 lakh.
Tags : Finance Bill 2017
Lok Sabha Passes Finance Bill’ 17; Aadhaar Must For IT Returns, PAN Card(23.03.2017)
Lok Sabha has signed off on Finance Bill 2017, ratifying Government’s proposals to make Aadhaar mandatory for filing of income-tax returns and for obt.....
Tags : Lok Sabha, Finance Bill
SC: NBFC & Leasing Co. Not Liable to Pay Interest Tax on Installments Under Hire Purchase Agreement(05.01.2023)
Supreme Court has held that non-banking finance (NBFC) and leasing companies are not liable to pay tax on the interest component included in the hire-.....
Tags : Supreme Court, Non-Banking Finance, Hire Purchase Agreement
#Union Budget 2022-2023: Finance Minister Informs on Finalization of Draft DPR for River Links(01.02.2022)
Finance Minister has informed that Draft DPR for 5 river links have been finalised, whereby the Centre will provide support for their implementations......
Tags : Union Budget, Finance Minister, Finalization of Draft DPR for River Links
#Union Budget 2022-2023: Overview and Inclusive Development of Agricultural Sector(01.02.2022)
Finance Minister has announced support for post-harvest value addition for millet products, as 2022 will be Year of Millet. Procurement of Wheat and R.....
Tags : Union Budget, Finance Minister, Inclusive Development of Agricultural Sector
#Union Budget 2022-2023: Aim for Ecologically Sustainable Roads in Hilly Areas(01.02.2022)
Finance Minister has highlighted that in regards to plans of development of ecologically sustainable roads in hilly areas, the Government aims to prov.....
Tags : Union Budget, Finance Minister, Ecologically Sustainable Roads in Hilly Areas
#Union Budget 2022-2023: Finance Minister Highlights 4 Priorities for Government(01.02.2022)
Finance Minister has highlighted the 4 priorities of the Government in the present budget as: PM Gati Shakti; Inclusive Development; Energy transition.....
Tags : Union Budget, Finance Minister, Priorities for Budget
Delhi High Court Seeks LG, AAP Govt's Reply on BJP Leader's Petition(13.08.2015)
Delhi High Court has sought reply from Lieutenant Governor and AAP Government on petition by BJP leader Vijender Gupta seeking implementation of 4th F.....
Tags : Delhi High Court ,LG, AAP,th Finance Commission
Finance Ministry Enables New E-Bill System to Enable Paperless Submission of Bills/Claims(03.03.2022)
Finance Ministry has enabled the new e-Bill system to enable paperless submission, end to end digital processing of bills with the objective of ease o.....
Tags : Finance Ministry, E-Bill System, Paperless Submission of Bills/Claims
Madras HC: Any Appointments to 19 Tribunals Under Finance Act Would be Subject to Order in Writ(30.06.2017)
Madras High Court has observed that all appointments to 19 odd tribunals, under purview of impugned Finance Act and Rules, would be subject to final o.....
Tags : Madras High Court, Finance Act
Bombay HC Upholds Order Allowing Bondholders to Vote on Resolution of RCFL(23.03.2022)
Bombay High Court has upheld the single-judge bench order in October allowing bondholders to vote on the debt resolution of Reliance Commercial Financ.....
Tags : Bombay High Court, Reliance Commercial Finance
Central Government Proposes 39 Amendments in Finance Bill 2022(25.03.2022)
Central Government has proposed 39 amendments in the Finance Bill 2022, including clarification on taxation of virtual digital assets (VDAs) or crypto.....
Tags : Central Government, Amendment to Finance Bill 2022
SC: Govt. is not Bound by Budget Speeches(26.07.2016)
SC has held that Budget speeches by the Union Finance Minister are not enactments by Parliament and a Government cannot be bound under law by them.
Tags : SC , Union Finance Minister , Govt., Budget Speeches
Finance Ministry Issues Directions to Clear Pending Income Tax Refunds(09.04.2020)
Finance Ministry has unveiled a raft of measures to ensure availability of cash in the system, including speeding up of held-up refunds worth Rs 18,00.....
Tags : Finance Ministry, Pending Income Tax Refunds
Centre Extends Time for Renewal of Health, Third Party Motor Vehicle Insurance Policies Till May 15(16.04.2020)
Ministry of Finance has issued notifications to extend the time for renewal of health and third party motor vehicle insurance policies till 15th May, .....
Tags : Finance Ministry, Renewal of Health, Third Party Motor Vehicle Insurance Policies
MP HC: ?20 Lakh Minimum Threshold for Loan Recovery by NBFCs Not Applicable on HFCs(23.05.2024)
MP HC has held that Housing Finance Companies (HFCs) can invoke the SARFAESI Act, 2002 even when the loan amount is less than ?20 Lakhs and the minimu.....
Tags : MP High Court, SARFAESI Act, 2002, Housing Finance Companies, NBFC
CCI Approves Aadhar Housing Finance Merger with DHFL Vysya(29.08.2016)
Competition Commission of India (CCI) has approved proposed merger of Dewan Housing group companies -- Aadhar Housing Finance and DHFL Vysya Housing F.....
Tags : CCI, Aadhar Housing Finance, DHFL Vysya
Finance Minister Arun Jaitley Tables GST Bill in Rajya Sabha(03.08.2016)
Finance Minister Arun Jaitley has tabled Goods and Services Tax (GST) Bill in Rajya Sabha.
Tags : Finance Minister Arun Jaitley, Goods and Services Tax (GST) Bill
Govt. Increases Retirement Age of Presiding Officers of SAT to 70 years(30.05.2017)
Ministry of Finance has issued a Notification increasing the retirement age of Presiding Officers of Securities Appellate Tribunal (SAT) to 70 years.
Tags : Ministry of Finance, Securities Appellate Tribunal
Delhi HC Stays Interim Relief for Indiabulls on NCD Payouts(01.05.2020)
Delhi High Court has stayed the interim relief given to Indiabulls Housing Finance from paying dues to investors who hold non-convertible debentures (.....
Tags : Delhi High Court, Indiabulls Housing Finance Limited
Gauhati HC Directs Social Welfare Department to Make Arrangement for Finances for Shelter Homes(30.04.2021)
Gauhati High Court has directed the Social Welfare Department of the State Government to make arrangement for finances for three shelter homes situate.....
Tags : Gauhati High Court, Finances for Shelter Homes
Supreme Court Upholds Constitutional Validity of Amendments Related to Charitable Trust Registration(11.04.2022)
Supreme Court has upheld the constitutional legality of the recent amendments made in the Finance Act, 2020 with regard to the new provisions regardin.....
Tags : Supreme Court, constitutional legality, Finance Act, 2020, Income Tax Act, 1961, religious trusts
IRDA Stays Mandatory Listing of Insurance Companies(17.10.2016)
Insurance Regulatory & Development Authority (IRDA) has said that it is having second thoughts about mandatory listing of Insurance Companies on the S.....
Tags : Insurance Regulatory & Development Authority, listing, Insurance Companies, Finance Ministry
Delhi HC Rejects Kejriwal's Plea to Suspend Defamation Case Filed by Jaitley(19.10.2016)
Delhi HC has rejected Arvind Kejriwal's plea to suspend defamation case filed by Finance Minister Arun Jaitley.
Tags : Delhi HC, Arvind Kejriwal, Arun Jaitley, defamation case, Finance Minister
RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....
Tags : Reserve Bank of India, Non-Banking Finance Companies
Ministry of Finance Extends Compensation Cess Levy Upto 31 March, 2026(27.06.2022)
Ministry of Finance has extended the time period for the levy of compensation cess up to 31 March, 2026.
Tags : Ministry of Finance, Compensation Cess
RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)
Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....
Tags : Reserve Bank of India, finance banks, payments banks, Guidelines
Lok Sabha Passes Finance (No.2) Bill, 2019(19.07.2019)
Lok Sabha has passed the Finance (No. 2) Bill, 2019 on July 18, 2019. The Union Finance Minister Nirmala Sitharaman noted that the tax proposals in th.....
Tags : Finance (No.2) Bill, 2019, Lok Sabha
Rajya Sabha Passes Finance (No.2) Bill, 2019(24.07.2019)
Rajya Sabha has passed the Finance (No.2) Bill, 2019 without much discussions amid Opposition walkout.
Tags : Rajya Sabha, Finance (No.2) Bill, 2019
SAT Allows PNB Housing Finance to Seek Vote on Capital Deal with Carlyle(22.06.2021)
Securities Appellate Tribunal has allowed PNB Housing Finance to seek vote from the shareholders on Rs, 4000 Crores capital deal with American Private.....
Tags : Securities Appellate Tribunal, PNB Housing Finance
NCLT, Mumbai Directs Reliance Home Finance to Repay Dues to NCD Holders(25.06.2021)
National Company Law Tribunal, Mumbai has directed Reliance Home Finance Ltd (RHFL) to repay its debt obligations to 19,000 non-convertible debenture .....
Tags : National Company Law Tribunal, Reliance Home Finance
SC Directs Union to Take Appropriate Steps on Finance Commission's Recommendations for COVID Relief(01.07.2021)
Supreme Court has directed the Union of India to take appropriate steps on the recommendations made by the Finance Commission in its XVth report regar.....
Tags : Supreme Court, Finance Commission's Recommendations for COVID Relief
RBI: No Relaxation in CRR, SLR Norms(19.10.2015)
Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....
Tags : Reserve Bank of India, small finance banks
Finance Ministry Notifies Section 100 of Finance Act, 2019(26.08.2020)
Ministry of Finance on Tuesday (August 25) notified that Section 100 of Finance Act, 2019 will come into force from 1st September, 2020.
Tags : Ministry of Finance, Finance Act, 2019
Finance Ministry Notifies Section 100 of Finance Act, 2019(26.08.2020)
Ministry of Finance on Tuesday (August 25) notified that Section 100 of Finance Act, 2019 will come into force from 1st September, 2020.
Tags : Ministry of Finance, Finance Act, 2019
Bombay HC: Loss On Trading in Derivatives of Securities Not A Speculative Loss(19.05.2022)
Bombay High Court has ruled that transactions in respect of trading in derivatives carried out in a recognized stock exchange are excluded from the de.....
Tags : Income-Tax Act, Bombay High Court, ITAT, Finance Act
Non-Compliance of S. 148A Notice: Rajasthan HC asks Income Tax Dept to Follow SC Judgment(19.05.2022)
Rajasthan High Court has directed the income tax department to proceed with the notices quashed earlier under Section 148A of Income-Tax Act, 1961, in.....
Tags : Supreme Court, Rajasthan High Court, Section 148A Income-Tax Act 1961, Finance Act
SC: Service Tax Not Applicable on UDF Collected from Passengers at International Airport(23.05.2023)
Supreme Court has held that ‘user development fee (UDF) collected from passengers departing the Delhi, Mumbai and Hyderabad International Airport, is .....
Tags : Supreme Court, User Development Fees, Service Tax, Finance Act
Finance Minister Tables Taxation Laws Amendment Bill to Withdraw Retrospective Tax(06.08.2021)
Finance Minister Nirmala Sitharaman has tabled the Taxation Laws Amendment Bill in Lok Sabha, which seeks to withdraw the contentious retrospective ta.....
Tags : Finance Ministry, Taxation Laws Amendment Bill
Kerala HC Notice to Ex-State Finance Minister KM Mani and others over Corruption Case(23.11.2015)
Kerala High Court has served notice to Ex-State Finance Minister KM Mani and others including Vigilance and Anti-Corruption Bureau Director on whether.....
Tags : Kerala High Court, Ex-State Finance Minister KM Mani
DGFT Notifies New RoDTEP Schedule to Align with Finance Act, 2022(03.06.2022)
Director-General of Foreign Trade (DGFT) has notified a new Refund of Duties and Taxes on Exported Products (“RoDTEP”) schedule Appendix 4R consequent.....
Tags : DGFT, Custom Tariff, Finance Act
ITAT: No Late Fee U/S 234E of IT Act Can be Levied for Default Committed After 2015 Amendment(10.06.2022)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that late fees u/s 234E can’t be levied for the default committed after the insertion of Sec.....
Tags : ITAT, Income-Tax Act, Finance Act
SEBI: 5 Year Ban Imposed on Industrialist Anil Ambani for Diversion of Funds(26.08.2024)
The Securities and Exchange Board of India (SEBI) has imposed a ban of five years on industrialist Anil Ambani from the securities market for the dive.....
Tags : SEBI, Anil Ambani, Reliance Home Finance
Finance Ministry Clarifies that Members of Queer Community Can Open Joint Bank Accounts(30.08.2024)
Ministry of Finance has issued a notification clarifying that members of the queer community can open a joint bank account and can also nominate their.....
Tags : Ministry of Finance, Queer Community, Joint Bank Accounts