Lok Sabha passes bill to hike bonus New Delhi: The Lok Sabha today passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014. The Payment of Bonus (Amendment) Bill, 2015, was passed by a … [Read more...] about Lok Sabha passes bill to hike bonus
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LOK SABHA
Black money bill passed; Government warns those having illegal assets
Black money bill passed; Government warns those having illegal assets New Delhi: A bill to deal with black money stashed abroad was passed by Parliament today with government warning those having such assets to utilise the ‘compliance window’ or have sleepless nights once the global automatic information exchange system comes into effect in 2017. Finance Minister Arun … [Read more...] about Black money bill passed; Government warns those having illegal assets
Cabinet clears bill to check benami transactions
Cabinet clears bill to check benami transactions New Delhi: The Cabinet today approved the new Benami Transaction (Prohibition) Bill which aims at curbing the generation of domestic black money. “The Union Cabinet has approved the new Benami Transaction (Prohibition) Bill to curb generation of black money,” said a source after the Cabinet meeting here. Apart from … [Read more...] about Cabinet clears bill to check benami transactions
Black Money Bill passed in Lok Sabha
Black Money Bill passed in Lok Sabha New Delhi: The bill, which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad, was passed in the Lok Sabha on Monday. Finance Minister Arun Jaitley, who moved the bill in the Lok Sabha, asked the opposition not to develop ‘cold feet’ in supporting the … [Read more...] about Black Money Bill passed in Lok Sabha
Government to soon bring bill to curb benami transactions
Government to soon bring bill to curb benami transactions New Delhi: A new Benami bill, aimed at curbing generation of domestic black money, will soon be brought before the Cabinet, government told the Lok Sabha today. “As regards the Benami Bill, the redrafted Act is at a very advanced stage… A more modern Benami bill has been drafted. It will reach the … [Read more...] about Government to soon bring bill to curb benami transactions
Demands of Armed Forces Veterans for One rank one pension and various issues
Demands of Armed Forces Veterans for One rank one pension and various issues Several representations are received from Armed Forces Veterans relating to various issues such as pension fixation / One Rank One Pension, disbursal, rehabilitation, re-employment, effective implementation of Ex-Servicemen Contributory Health Scheme, financial assistance, grant of benefits to ESM / … [Read more...] about Demands of Armed Forces Veterans for One rank one pension and various issues
Recruitment in Armed Forces
Recruitment in Armed Forces There is no proposal under consideration of the Government to introduce reservation for Scheduled Castes / Scheduled Tribes / Other Backward Classes for recruitment in the armed forces. Recruitment in the armed forces is based on merit and is open to all citizens irrespective of class, caste, community, region or religion. Nature of operational … [Read more...] about Recruitment in Armed Forces
Loan for Low Cost Houses
Loan for Low Cost Houses Reserve Bank of India vide circular DBR.BP.BC.No. 74/08.12.015/2014-15 dated March 5, 2015 on “Housing Loans: Review of Instructions” has allowed banks to add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating Loan to Value (LTV) ratio, in cases where the cost of the … [Read more...] about Loan for Low Cost Houses
GST rate will be much more diluted than 27%: Jaitley
GST rate will be much more diluted than 27%: Jaitley New Delhi: The GST rate will be “much more diluted” than the speculated 27 per cent and the final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said today. “I straightaway concede that 27 per cent would be very high…after this 27 per cent (Revenue Neutral Rate) was born, the states and the … [Read more...] about GST rate will be much more diluted than 27%: Jaitley
Government asks Central Public Sector Enterprises to comply with woman director norms
Government asks Central Public Sector Enterprises to comply with woman director norms New Delhi: Central public sector enterprises (CPSEs) have been asked to appoint independent women directors on their boards to comply with norms, government told the Lok Sabha today. The remarks by Minister for Heavy Industries and Public Enterprises Anant Geete came against the backdrop … [Read more...] about Government asks Central Public Sector Enterprises to comply with woman director norms
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