The centre is devising plans to ban sum above Rs 3 lakh, as a move to control black money. They have arrived at this decision as per the recommendations by the crew deployed by the Supreme Court, the centre.
E commerce company Askme.com has closed its doors. 4000 employees have been rendered jobless as a result.In an internal mail, a senior executive has said, We direct senior staff to take certain steps to ensure prevention of further liabilities given the company’s current financial situation.
State run Telecom Company Bharat Sanchar Nigam Limited (BSNL) introduced lowest price Landline FMC plan offering Unlimited Free night calling for new Landline connections at Rs.49
The Finance Ministry has decided to present the Union Budget one month in advance. Union Budget has for decades been presented on last day of February, but this could soon change with the government mulling advancing it to January end.
IRCTC in Fortune Next 500 List
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IRCTC (Indian Railways Catering and Tourism Corporation) has secured a place in the Fortune Next 500 List for the 2nd consecutive year. IRCTC has a place in the list of the next richest 500 Indian companies (after the first 500 richest Indian companies) released by Fortune.
Mr. Urjit Patel, currently the Deputy Governor of the Reserve Bank of India, has been appointed as the next governor of the Reserve Bank of India.He will assume office on 4th September.In a trend of promoting the Deputy governors of RBI as governor, this is the 8th time.
EPFO (Employees Provident Fund Organisation) has introduced a new format 10D based on Unique Account Number (UAN) for the subscribers of EPF (Employees Provident Fund).With the introduction of this new system, the EPF subscribers can withdraw the pension even without approval from their employers.
The cabinet ministry has announced cancellation of all service tax and additional charges imposed on transactions made on credit card, debit card or net banking.
The Prime Minister of India, Narendra Modi and Finance Minister Arun Jaitley have decided on who is going to be the next RBI governor. Official announcement about this is expected by next month.
Several labour Unions have decided to go on strike protesting against the recent modifications proposed by the central government on labour welfare. The unions have announced the plan to go on a general strike on 2nd September.
The Income Tax Return Statistics for Assessment Year 2012-13 says that only 14 lakh individuals out of the 2.89 crore assessees in the country declared an annual income of over Rs 10 lakh, attracting the highest tax bracket of 30 per cent, in assessment year 2012-13.
The Board of Directors of the State Bank of India, or SBI, approved merger of its five associate banks and Bharatiya Mahila Bank with itself. It also finalised the share swap ratio for three of the listed subsidiaries and BMB.
The Hotel The Plaza in New York, owned by the Sahara Group, has secured the 1st place in the list of international hotels best liked by the rich people.The Hotel St. Regis Residence in New York secured the 3rd place.
Government of India have announced the Sale (re-issue) of (i) 7.80 per cent Government Stock 2021 for a notified amount of Rs. 3,000 crore (nominal) through price based auction.
The international Financial Consultancy firm, Morgan Stanley has reported that there would be sustained economic growth in India for a longer period because of the factors such as an increase in product manufacture.
EPFO may soon introduce a scheme to allow its subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments.
Yesterday, the maternity Benefit (Amendment) Bill, 2016, which increases maternity leave from present 12 weeks to 26 weeks, was passed by the Rajya Sabha.
Name of NLC changed to NLC India
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The central government has changed the name of the public sector company, Neyveli Lignite Corporation (NLC) located near Cuddalore.
Due date for deposit of Tax deducted/collected for the month of July, 2016. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan
