Public response to the Centre’s proposed guidelines to encourage electronic payments on www.mygov.in the have been largely positive with many suggesting the complete withdrawal of currency notes.
Those with a Bachelor’s degree with statistics, mathematical statistics or applied statistics as one of the subjects are now eligible to apply for the service.
Speaking to The Indian Express, SB Nayar, CMD, IIFCL, said that a large number of power and road projects are still stalled due to delays in land acquisitions and cost overruns.
Sources said finance ministry is in talks with the RBI to finalise modalities of the scheme under which banks would also be permitted to deposit the gold as part of their CRR and SLR requirements.
Provident fund withdrawals before five years of completion of service will now attract income tax ranging between 10 per cent and 34.608 per cent. A new provision in the Finance Act, 2015 that becomes effective from June 1 has mandated that premature withdrawals of retirement savings that exceed Rs 30,000 before completion of five years […]
The BJP, which has a strong support base of small traders, had vehemently opposed the UPA government’s move to allow 51 per cent FDI in the multi-brand retail sector.