Aadhaar Bill passed in Lok Sabha
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The Aadhaar Bill 2016 was passed in the Lok Sabha. Earlier Union Finance Minister Arun Jaitley insisted that its focus was on the usage of government money for targeted subsidy.
While taking stock of the performance of EPFO in the month of February 2016, Dr V.P. Joy, the newly appointed Central P.F. Commissioner, noted that for the period April 2015 to February 2016.
The Pension Fund Regulatory and Development Authority (PFRDA) had issued a Circular dated February 25, 2015, making it mandatory for all the Nodal Offices to process the withdrawal claims of their underlying subscribers on the online platform.
HR Compliance for the month March 2016
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Rate cut of 25 basis points by RBI
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According to a report by Bank of America Merrill Lynch (BofA-ML), ahead of the scheduled policy review meet set for 5th April, the Reserve Bank of India will go for rate cut of 25 basis points.
State Bank of India, on the occasion of the recent International Womens Day, has decided to open SBI branches with entire women staff in each of the 688 districts in the country in order to encourage the women entrepreneurs.
ATM Transactions limit in metro centres
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As per present guidelines of Reserve Bank of India (RBI), from November 1, 2014, banks are mandated to offer minimum five free transactions per month in own bank ATMs.
The details of assessment made by the Government regarding quantum of unclaimed investment funds at the end of the financial year 2015-16 can be assessed only after filing of financial statements ending 31.03.2016 by companies with the Registrar of Companies (RoC).
One of the leading communication services providers, Aircel, has announced a special concessional offer for women on the special occasion of International Womens Day.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 36.17 per barrel (bbl) on 07.03.2016.
Discounts on AirAsia tickets
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Tickets on select domestic and international routes of AirAsia will be on discount.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 33.39 per barrel (bbl) on 03.03.2016.
There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS.
