Cabinet approves Listing of Government owned General Insurance Companies at the stock exchanges The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its ‘in principle’ approval for listing the following five Government owned General Insurance Companies in the … Continue Reading →
RBI Extended Daily ATM Withdrawals Limit from Rs.4500/- to Rs. 10000/- per Day per Card Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject. 2. … Continue Reading →
Bank A/c Holders are Required to Submit PAN or Form No. 60 to Bank by 28-02-2017: CBDT PRESS RELEASE dated 8th January, 2017 Quoting of PAN in all the existing bank accounts and other measures: Income-tax Rules have been amended to provide that bank shall … Continue Reading →
BHIM (Bharat Interface for Money) is a Mobile App developed by National Payments Corporation of India (NPCI), based on Unified Payment Interface (UPI), launched by Prime Minister of India Narendra Modi to facilitate e-payments directly through bank. It was launched as part of the 2016 … Continue Reading →
Old 500 & 1000 Bank Notes can be exchanged at RBI Branch : Mumbai, New Delhi, Chennai, Kolkata, and Nagpur by residents from January 2, 2017 to March 31, 2017 and by NRIs from January 2, 2017 to June 30, 2017 Facility for exchange of … Continue Reading →
ESI Coverage on Wage Ceiling is to Rs.21,000 and other Major Action taken by Ministry of Labour and Employment The Government of India is following the approach of ‘Reform to Transform’ through far-reaching structural reforms. Employment Generation is the first priority for the Government. After … Continue Reading →
Old Bank Notes can be used for Payment of Tax under Pradhan Mantri Garib Kalyan Yojana upto 30-12-16; Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30th December, 2016. The Central Government has decided that up to 30.12.2016, … Continue Reading →
Government Clarification on Amendment to Payment of Wages Act: It is seen from the media reports that there is a general impression that is being created that the Government is bringing an amendment to the Payment of Wages Act to make mandatory the payment of … Continue Reading →
Old Notes exceeding Rs.5000 can be deposited only once upto 30-12-2016: The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of … Continue Reading →