Notifications & Circulars
Press Information Bureau
07.06.2018
Civil
Implementation of decisions taken by Cabinet Committee on Economic Affairs (CCEA) regarding interventions to deal with the current crisis in the sugar sector
MANU/PIBU/0931/2018
Pursuant to the decisions taken by Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 06.06.2018, Department of Food & Public Distribution (DF&PD) has issued the following orders/notifications on 07.06.2018
a) Sugar Price (Control) Order, 2018
b) Order under the provisions of the Sugar Price (Control) Order, 2018 directing that no producer of sugar shall sell white/refined sugar at factory gate at a rate below Rs. 29/kg till further orders;
c) Order directing that no producer of sugar shall hold the quantity of white/refined sugar stock at the end of the each month as specified by Government every month.
d) Order directing the quantity of white/refined sugar stock that every producer of sugar shall hold at the end of June, 2018.
Tags : Crisis Sugar sector Decisions Implementation
Share : 
Top
Press Information Bureau
07.06.2018
Media and Communication
Government seeks explanation from Facebook over reports of data sharing without explicit consent
MANU/PIBU/0932/2018
Recently there are media reports claiming that Facebook has agreements which are allowing phone and other device manufacturers' access to its users' personal information, including that of their friends without taking their explicit consent. The Government of India is deeply concerned about reports of such lapses / violations.
In response to earlier notices about breaches of personal data relating to the Cambridge Analytica episode, Facebook had apologised and given strong assurances to the Government of India that they would take sincere efforts to protect the privacy of users' data on the platform. However, such reports raise uncomfortable questions about the assurances made by Facebook. Therefore, Ministry of Electronics & Information Technology has sought an explanation from Facebook seeking a detailed factual report on the issue. Facebook has been asked to respond by 20th June.
Tags : Reports Data sharing explicit consent
Share :
Top
Press Information Bureau
07.06.2018
Direct Taxation
CBDT dedicates fortnight for pending appeal effect - rectification matters
MANU/PIBU/0933/2018
Redressal of public grievances and taxpayer service is an area of top priority for the CBDT and the Income Tax Department. In this connection, a fortnight from 1st June to 15th June, 2018 has been dedicated for expeditious disposal of pending appeal effect and rectification matters. The Assessing Officers have been directed to accord top priority to such matters and to give special attention to this area of work so that grievances arising on this count may be resolved at the earliest.
All taxpayers, local chapters of ICAI and Bar Associations are requested to use this opportunity to get their pending issues under appeal effect and rectification resolved during this fortnight.
Tags : Public grievances Redressal Pending appeals
Share :
Top
Press Information Bureau
07.06.2018
Civil
India and Norway sign MoU to extend health cooperation
MANU/PIBU/0934/2018
Ministry of Health and Family Welfare signed a Memorandum of Understanding (MoU) with the Norwegian Ministry of Foreign Affairs, Government of Norway to extend the cooperation within health sector through the Norway India Partnership Initiative (NIPI) for a period of three years starting from 2018 to 2020, here today. Smt. Preeti Sudan, Secretary (HFW) and Mr. ils Ragnar Kamsvag, Ambassador of Norway signed the Memorandum of Understanding. Smt. Vandana Gurnani, JS (RCH) and officials from the Ministry and counterparts from the Norwegian side were also present during the signing ceremony.
This cooperation between India and Norway is aligned with the development goals of Government of India as outlined in its National Health Policy 2017 for achievement of Sustainable Development Goals (SDGs). The cooperation shall also focus on global health issues of common interest.
The partnership shall also include areas related to maternal, new-born, child health, and shall build on experiences from NIPI phase I and II. The cooperation will continue to focus on innovative, catalytic and strategic support, and stride in taking the Indian Government's Intensification Plan for Accelerated Maternal and Child Survival in India.
NIPI Phase 3 (2018-2020) will be built on the experiences of NIPI I & II, and will scale up to the intensified districts, and also establish an innovation hub. The best practices in maternal and newborn child health carried out under the National Health Mission and NIPI shall be shared for global dissemination and learning and thereby enabling scaling up. In the recent World Health Assembly, Family Participatory Care, an initiative of NIPI was showcased as a India case study.
The Governments of Norway and India had agreed in 2006 to collaborate towards achieving MDG 4 to reduce child mortality based on commitments made by the two Prime Ministers. The partnership was based on India's health initiative, the National Health Mission (NHM), and aimed at facilitating rapid scale-up of quality child and maternal health services in four high focus states - Bihar, Odisha, Madhya Pradesh and Rajasthan and also as a RMNCHA+ partner in Jammu & Kashmir. The main activities in Phase I (2006-2012) were home-based new born care (HBNC), Yashoda through State health system, establishing Sick Newborn Care Units (SNCU), techno managerial support, and providing strategic support for immunization and Public Private Partnership (PPP) initiatives.
Norway India Partnership Initiative (NIPI) through its work in the last ten years (2007-2017) has resulted in newer initiatives. In addition to trying out innovations, NIPI has also supported NHM by providing credible technical support in the five states and at national level. This has resulted in development and release of multiple policies and guidelines for the NHM.
Tags : MoU Signing of Health cooperation
Share :
Top
Reserve Bank of India
07.06.2018
Banking
Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest
MANU/RMIC/0038/2018
Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the DEA Fund shall be 4% simple interest per annum until further notice.
2. The rate of interest has since been reviewed and it has been decided that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the Fund shall be 3.5% simple interest per annum with effect from July 01, 2018. The settlement of all claims received by the banks on or after July 01, 2018 will be at this rate, until further notice.
3. The other contents of the circular dated June 26, 2014 remain unchanged.
Tags : Interest Rate Payment Operational Guidelines
Share :
Top
Reserve Bank of India
07.06.2018
Banking
Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI
MANU/RMIC/0040/2018
In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as sponsors and shall not, at any point in time, exceed the minimum holding of units and tenor prescribed in this regard by SEBI (Infrastructure Investment Trusts) Regulations, 2014.
2. The above holdings of InvIT units shall be reckoned as investments in equity shares in group companies, for the purpose of compliance with the norms prescribed at paragraphs 2(1) (i) & (ii) of the Master Direction - Core Investment Companies (Reserve Bank) Directions, 2016 as updated from time to time.
3. The aforesaid Master Direction has been updated accordingly.
Tags : Investment Units Sponsor
Share :
Top
Ministry of Commerce and Industry
07.06.2018
Customs
Amendments to Foreign Trade Policy 2015-20 - Extension to Integrated Goods and Service Tax (IGST) and compensation Cess exemption under EOU scheme till 01.10.2018 - regd
MANU/DGFT/0086/2018
In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendments in Foreign Trade Policy 2015-20:
1. Existing Para 6.08(b) reads as under:
For services, including software units, sale in DTA in any mode, including on line data communication, shall also be permissible up to 50% of FOB value of exports and /or 50% of foreign exchange earned, where payment of such services is received in foreign exchange.
2. Para 6.08(b) is amended to read as under:
For services, including software units, sale in DTA in any mode, including on line data communication, shall also be permissible up to 50% of FOB value of exports and /or 50% of foreign exchange earned, where payment of such services is received in foreign exchange. However, sale in DTA in respect of services classified under Chapter Heading 9988 and 9989 under GST, but covered in LOP/para 9.31 of FTP as manufacturing of goods, will continue to be covered under para 6.08(a) above. At the time of DTA clearance, applicable GST and compensation cess as per GST classification would apply.
Effect of this Notification: sale in DTA in respect of certain services classified under Heading 9988 is continued to be covered under para 6.08(a) of FTP.
Tags : Policy Foreign Trade Amendments
Share :
Top
Ministry of Commerce and Industry
07.06.2018
Customs
Benefit of Focus Product Scheme to HS Code 8481-FTP 2009-14
MANU/DGFT/0087/2018
Kind attention is invited to this Directorate Trade Notice No. 11/2015 dated 14th December 2015 vide which this Directorate had clarified on availability of benefit under Focus Product Scheme of Foreign Trade Policy 2009-14 on the export of items mentioned at Sl.No.269 of Appendix 37-D, Table 1 of the FTP 2009-14. It had been clarified that other items, which are not parts of bicycle, are not eligible for FPS benefit under FTP 2009-14. It was also clarified that cases where RA has issued scrips against the export of parts other than those used in bicycle under ITC(HS) 8481 is liable to be reviewed and corrective measures to be taken to recover such claims granted by oversight.
2. The above Trade Notice had been challenged before the Hon'ble Gujarat High Court vide SCA No. 11262 to 11264 and 14808 of 2016, in which the Hon'ble Court has passed its judgment on 13.10.2016 quashing the above Trade Notice.
3. This Directorate had preferred SLP in the Hon'ble Supreme Court against the decision of the Hon'ble Gujarat High Court. The Hon'ble Supreme Court has dismissed the appeal filed by the Directorate.
4. In the light of the above developments, the Trade Notice No. 11/2015 dated 14th December 2015 stands withdrawn.
5. This issues with approval of the Competent Authority.
Tags : Scheme Benefit HS Code
Share :