Administration

Interim Budget 2019 : Sectorwise highlights and its Implications

This Interim Budget was on social infrastructure, ease of living and technology led governance aimed at inclusive and equitable growth. The salaried class with taxable income of up to INR 5 lakh will have higher disposable incomes. Direct Benefit Transfer to farmers will support rural demand. The Pradhan Mantri Shram-Yogi Maandhan Yojana will provide social …

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Annual Return on Foreign Liabilities and Assets Reporting by Indian Companies

New Process of Filling Annual Return on Foreign Liabilities and Assets (FLA) as per RBI circular: RBI/2018-19/226 A.P. (DIR Series) Circular No. 37, June 28th, 2019 Attention of all Authorised Dealer Category – I banks is invited to A.P. (DIR Series) Circular No.133 dated June 20, 2012 which stipulated that all Indian companies which have …

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By the end of This Year Modi government expects to deregister another 20,000 companies.

Continuing its efforts to clamp down on bogus companies in its second term, the Modi government expects to deregister 20,000 companies by the end of this year, a senior government official told. The move comes after the ministry of corporate affairs(MCA) sought know-your-customer (KYC) details of all the registered companies in March. Delisting companies Since …

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Modi government’s surgical strike on corruption: Top 12 tax officers asked to quit

Prime Minister Narendra Modi had promised to put an end to corruption.Keeping in line with the promise, the Modi government has asked 12 senior income tax officers to resign. Twelve senior officers with the ranks of Chief Commissioner, Principal Commissioners and Commissioner of Income Tax Department compulsorily retired under Rule 56 by the Finance Ministry. …

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