3 December 2018


Search Results for Tag : Rate

Judgments

SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)

The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....

Tags : rateable value, delhi, municipal

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SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)

The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....

Tags : rateable value, delhi, municipal

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Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)

Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....

Tags : consumer, floating rate, loan

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Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)

Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....

Tags : consumer, floating rate, loan

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Court can lift corporate veil to determine common business goal and privity of interest(17.08.2015)

The corporate veil can be lifted by the Court in “diverse circumstances” to determine the true nature of a company or a group of companies. The Appell.....

Tags : Corporate veil, subsidiary, agreement

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Court accepts rape victim’s uncorroborated testimony(16.09.2015)

In case involving rape, where the treating doctor had not been examined by the prosecution, the Court held that the testimony of the victim was wholly.....

Tags : Rape, testimony, uncorroborated

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Ericsson to reveal licensing agreements in confidentiality club(01.03.2016)

The Delhi High Court, hearing a patent dispute between Ericsson and Lava International granted Ericsson’s application to continue the matter under the.....

Tags : cellular, frand, licensing rate, confidentiality

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Judicial/Executive Magistrate empowered to issue directions to any person including accused to give specimen signatures and handwriting during the investigation of case.(25.07.2016)

A government scheme was launched for providing loans at the cheaper interest rates to poor persons living below the poverty line to enable them to pur.....

Tags : Magistrates, issuance of directions, power

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Notifications & Circulars

Determination of rate of exchange of conversion of each of the foreign currencies specified into Indian currency or vice versa with effect from 16th December, 2016(15.12.2016)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board .....

Tags : Conversion, Exchange rate, foreign currencies

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Introduction of Interest Rate Options in India(29.12.2016)

As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. The Reserve .....

Tags : Options, Interest rate, Introduction

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RBI Working Paper Series No. 10: Modelling Corporate Sector Distress in India(26.12.2016)

The Reserve Bank of India today placed on its website a Working Paper titled "Modelling Corporate Sector Distress in India" by Manjusha Senapati and S.....

Tags : Corporate Sector, Distress, Working paper

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RBI publishes Working Group Report on Corporate Bond Market in India Reserve Bank of India today placed on its website the report of the Working Group(18.08.2016)

The Reserve Bank of India placed on its website thereport of the Working Group on Development of Corporate Bond Market in India. The Group has made re.....

Tags : Corporate Bond Market, Development, Report

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Rate of exchange of one unit of foreign currency equivalent to Indian rupees(18.08.2016)

In exercise of powers conferred by Section 14 of Customs Act, 1962 (52 of 1962), and in supersession of notification of the Central Board of Excise an.....

Tags : Foreign currencies, Conversion, Rate of exchange, Determination

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Marginal Standing Facility(04.10.2016)

As announced in the Fourth Bi-monthly Monetary Policy Statement today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo r.....

Tags : Repo rate, Reduction, Marginal Standing Facility, Adjustment

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Liquidity Adjustment Facility - Repo and Reverse Repo Rates(04.10.2016)

As announced in the Fourth Bi-monthly Monetary Policy Statement today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo r.....

Tags : Repo rate, Reduction, Liquidity Adjustment Facility

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RBI’s first monetary policy statement in 2016(05.04.2016)

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....

Tags : Rbi, interest rates, liquidity

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Revised - Computation, Dissemination of RBI Reference Rate(21.04.2016)

The Reserve Bank of India notified revisions to the methodology adopted for computing the daily Reference Rate for spot US Dollar against Indian Rupee.....

Tags : reference rate, usd, weighted average, libor

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Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016(01.03.2016)

The Central Board of Excise and Customs notified the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, .....

Tags : import, concessional rate, manufacture, excisable goods

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Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016(01.03.2016)

The Central Board of Excise and Customs notified Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other .....

Tags : concessional rate, manufacture, excise

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Implementing Integrated Declaration under the Indian Customs Single Window(15.03.2016)

The Central Board of Excise and Customs notified the process for importers and exporters electronically lodging customs clearance documents before the.....

Tags : Customs, single window, integrated declaration

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Committee on monetary policy sees glass half empty(28.04.2016)

The minutes of the 40th meeting of the Technical Advisory Committee on monetary policy painted a fiscal picture somewhere between bleak and tepid. Its.....

Tags : monetary policy, repo rate, fiscal deficit, global trade

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CSR expenditure during 2014-2015(03.05.2016)

The Minister of Corporate Affairs released figures on expenditure towards Corporate Social Responsibility activities between 2014 and 2015. A grand to.....

Tags : Corporate social responsibility, expenditure, public good

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CCIL now approved counterparty for electronic IRS transactions(05.05.2016)

The Reserve Bank of India notified the Clearing Corporation of India Ltd. as an approved counterparty for interest rate swap transactions undertaken o.....

Tags : Interest rate swap, ccil, approved counterparty

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TRAI rules out inflation linked rate hike for TV services(09.05.2016)

The Telecom Regulatory Authority of India declined an inflation linked hike for television tariffs. The Authority noted that healthy growth in the ind.....

Tags : Trai, television broadcast, rate, increase, inflation

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Dollar linked coastal tariff put in abeyance(16.05.2016)

The Ministry of Shipping has put on hold instructions requiring coastal vessels take into account exchange rate fluctuations between the rupee and the.....

Tags : Shipping, coastal rates, dollar linked

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Format for compliance report on Corporate Governance to be submitted to stock exchanges(24.09.2015)

In addition to the submission of the quarterly compliance report on corporate governance every quarter by listed entities, the Securities Exchange Boa.....

Tags : Corporate governance, format, report, quarterly

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RBI to issue Rs. 5 Coins to commemorate "Golden Jubilee of Indo-Pak War 1965"(03.09.2015)

The Reserve Bank of India will put into circulation Rs. 5 coins to commemorate the Golden Jubilee of Indo-Pak war 1965. Existing coins in the denomina.....

Tags : Bank, coin, war, commemorate, denomination

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Repo rate cut by 50 basis points to 6.75 per cent(29.09.2015)

The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no chang.....

Tags : Rbi, repo, rate, cut

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Review of the capacity planning framework of stock exchanges and clearing corporations(08.10.2015)

Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need f.....

Tags : Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need for stock exchanges and clearing corporations to maintain sufficient capacity to be able to handle the increased demand. Some of new directions with regards to capacity are: installed capacity being at least one and a half times of projected peak load; and all software and hardware needs to be adequately sized to meet the requirements.

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RBI Working Paper Series No. 4: Is Exchange Rate the Dominant Factor Influencing Corporate Profitability in India?(17.08.2015)

The Reserve Bank of India introduced a working paper titled 'Is Exchange Rate the dominant factor influencing Corporate Profitability in India?'. The .....

Tags : Rbi, working paper, exchange rate

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Investment by Foreign Portfolio Investors in Corporate Bonds(26.11.2015)

The Reserve Bank of India has permitted Foreign Portfolio Investors to acquire NCDs/bonds which are under partial or full default of repayment of prin.....

Tags : Foreign portfolio investors, corporate bonds, default

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RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances(17.12.2015)

The Reserve Bank of India has released final g.....

Tags : Interest rates, marginal cost, rbi

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Report on measures for improved monitoring of CSR released(01.01.1900)

A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....

Tags : Company, corporate social responsibility, report, high level

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Report on measures for improved monitoring of CSR released(19.10.2015)

A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....

Tags : Company, corporate social responsibility, report, high level

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Settlement of Export/ Import transactions in currencies without direct exchange rate(04.02.2016)

The Reserve Bank of India has permitted AD Category-I banks to settle import and export transactions where invoicing is in a freely convertible curren.....

Tags : Export, import, transaction, direct exchange rate

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RBI seeks Comments on Working Group Report on introducing Interest Rate Options(08.02.2016)

The Reserve Bank of India released its Re.....

Tags : Rbi, interest rate options, report

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Liquidity Adjustment Facility - Repo and Reverse Repo Rates(06.04.2017)

As announced in the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), it has been decided to keep.....

Tags : Repo-rate, Decision, Unchanged

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Additional Provisions For Standard Advances At Higher Than The Prescribed Rates(18.04.2017)

Please refer to paragraph 5 of the Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advan.....

Tags : Additional provisions, Rates, High

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Interest rates for Small Savings Schemes(09.02.2017)

Please refer to circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Me.....

Tags : Saving schemes, Interest rates

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Rates for Rebate of State Levies on Made-UPS(15.03.2017)

In pursuance of the decision of the Government of India to initiate measures for reforms to boost employment generation in the employment intensive te.....

Tags : Levies, Rate, Rebate

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Partial Credit Enhancement to Corporate Bonds(18.05.2017)

1. Please refer to paragraph 21 (a) of the Guidelines on Partial Credit Enhancement to Corporate Bonds by Banks annexed to the circular DBR.BP.BC.No.4.....

Tags : Enhancement, Credit, Corporate Bonds

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Separate Department of Disability Affairs to be set up by States(18.05.2017)

Shri Thaawar Chand Gehlot, Minister for Social Justice & Empowerment while addressing the "15th National Review Meeting of State Commissioners for Per.....

Tags : States, Department, Separate, Disability affairs

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RBI clarifies its Directions on MCLR System(29.03.2016)

The Reserve Bank of India clarified its 2016 Directions relating to the Marginal Cost of Funds based on Lending Rate system, effective 1 April 2016. T.....

Tags : mclr, marginal cost, fixed rate

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GST rate for specified items for Physically Challenged Persons(04.07.2017)

Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below.

Tags : GST rate, Specified items, Physically Challenged Persons

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Policy on interest rate on loans for agricultural purposes(01.08.2017)

Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determ.....

Tags : Policy, Interest rate, Loans, Agricultural purposes

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Branding Strategy for Export Oriented Indian Products(31.07.2017)

India's Foreign Trade Policy Statement released in 2015 emphasises the need of a branding strategy. The India Brand Equity Foundation (IBEF) establish.....

Tags : Strategy, Branding, Export Products

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Cabinet approves procedure and mechanism for Strategic Disinvestment(16.08.2017)

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Department of Investment and.....

Tags : Approval, Procedure, Strategic Disinvestment

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Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder(25.05.2017)

1. Sugar: Sugar attracts specific central excise duty of Rs.71 per quintal plus Sugar Cess of Rs.124 per quintal, which translates to ad valorem rate .....

Tags : GST, Rates, Products

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Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives(21.09.2017)

1. Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to circular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013 o.....

Tags : Trade Repository, Foreign Exchange, Interest Rate

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Notification regarding GST rate for branded cereal, pulses and flour(20.09.2017)

The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and .....

Tags : GST rate, Recommendation, Branded cereal

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Government takes note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged(04.10.2017)

The Government has taken note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.

Foll.....

Tags : Committee, Decision, Unchanged , Rate, Monetary policy

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Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with effect from 4th October, 2017(03.10.2017)

The Government of India has decided to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with eff.....

Tags : Excise Duty rate, Petrol and Diesel, Reduction

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Statement on Developmental and Regulatory Policies(06.12.2017)

Rationalisation of Merchant Discount Rate

1. In recent times, debit card transactions at 'Point of Sales' have shown significant growth. With.....

Tags : Statement, Regulatory Policies, Discount Rate

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Interest rates for Small Savings Schemes(11.01.2018)

1. Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Of.....

Tags : Interest, Rates, Schemes

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Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs)(08.03.2018)

1. Reserve Bank of India, in its Statement on Developmental and Regulatory Policies, released on August 02, 2017, proposed to allocate a separate limi.....

Tags : Interest Rate, FPIs, Separate limit

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Creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce(09.05.2018)

The Government of India carried out an Amendment to the Government of India (Allocation of Business) Rules, 1961 on May 7, 2018 substituting "Director.....

Tags : Creation, Directorate, Trade Remedies

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Commerce Minister Releases Strategy Paper on Computer Software and Electronics Exports(24.05.2018)

The Union Minister for Commerce & Industry Suresh Prabhu releasing the strategy paper & business plan of India's Computer Software & ITeS and Electron.....

Tags : Strategy Paper, Release, Electronics Exports

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Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)

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 spe.....

Tags : Interest Rate, Payment, Operational Guidelines

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Commerce Minister releases National Strategy for Standardization(19.06.2018)

India's quest for providing best quality begins with identifying standards, stated Suresh Prabhu, Minister of Commerce and Industry. He was speaking a.....

Tags : Strategy, Standardization

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Workshop on GST to Sensitize Maritime Fraternity(19.06.2017)

The Ministry of Shipping conducted a workshop on "GST for Shipping" in New Delhi today to sensitize all constituents of the maritime fraternity. The w.....

Tags : GST, Workshop, Maritime Fraternity

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News

#GST: Govt Exempts SEZs from Integrated GST(07.07.2017)

Government has exempted goods imported by units or developers of special economic zones from Integrated Goods and Services Tax (IGST).

Tags : Government, Integrated GST

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No Exemption for Woman to Appear Before Enforcement Directorate: Madras High Court(13.07.2018)

Madras High Court has dismissed the challenge made by Senior Advocate Nalini Chidambaram against the summons issued under Section 50 of Prevention of .....

Tags : Madras High Court, Enforcement Directorate

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RBI Hikes Repo Rate by 25 bps to 6.5%(01.08.2018)

Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) has raised repo rate by 25 basis points (bps) to 6.5%.

Tags : Reserve Bank of India, Repo Rate

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Supreme Court Sends Jaypee Infratech Back to NCLT(10.08.2018)

Supreme Court has asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of b.....

Tags : Supreme Court, Jaypee Infratech

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NCLT Orders Liquidation of Lanco Infratech(28.08.2018)

Hyderabad bench of National Company Law Tribunal has ordered the liquidation of Lanco Infratech after the committee of creditors rejected the revised .....

Tags : NCLT, Lanco Infratech

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SC Upholds Appointment of 66 Kerala Munsiff Magistrates from 2013(08.10.2018)

Supreme Court has held that the Kerala High Court was justified in making appointments of 66 munsiff magistrates selected pursuant to the advertisemen.....

Tags : Supreme Court, Munsiff Magistrates

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SC Directs RBI to Inform About Plan on Lowering of Floating Rates for Loans(08.10.2018)

Supreme Court has required the Reserve Bank of India to convey its decision as to the lowering of floating rates for loans to the advantage of the con.....

Tags : Supreme Court, RBI, Floating Rates

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NCLAT Approves UltraTech Cement’s Revised Resolution Plan for Binani Cement(15.11.2018)

National Company Law Appellate Tribunal (NCLAT) has approved the revised resolution plan submitted by Ultratech Cement for debt-ridden Binani Cement.

Tags : NCLAT, Binani Cement, Ultratech

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Supreme Court Dismisses Dalmia Petition Challenging NCLAT Order on Binani Cement(20.11.2018)

Supreme Court has dismissed Dalmia Bharat’s plea challenging National Company Law Appellate Tribunal’s order allowing UltraTech Cement to acquire bank.....

Tags : Supreme Court, Binani Cement, Ultratech, NCLAT

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Insolvency can be Triggered Against Unincorporated Joint Ventures: NCLAT(03.12.2018)

NCLAT has held in a case related to AMB Infrabuild Pvt. Ltd. and Earth Galleria Pvt. Ltd. that insolvency can be triggered against an unincorporated j.....

Tags : NCLAT, Unincorporated Joint Ventures, Insolvency

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SEBI Board Strengthens Corporate Governance Norms(29.03.2018)

Securities and Exchanges Board of India (SEBI) has accepted 40 out of 80 recommendations that were suggested by the Uday Kotak committee on corporate .....

Tags : SEBI, Corporate Governance

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Govt. Extends Condonation of Delay Scheme, 2018 Upto 30th April(31.03.2018)

Ministry of Corporate Affairs has extended the Condonation of Delay Scheme (CODS) 2018 upto 30th April, 2018. The MCA has introduced this scheme givin.....

Tags : Ministry of Corporate Affairs, Condonation of Delay Scheme

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RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)

RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....

Tags : RBI, Repo Rate

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SC Says No to Out-of-Court Settlement between Binani Cement and UltraTech Cement(16.04.2018)

As Supreme Court has said no to out-of-court settlement, Binani Industries Ltd has withdrawn its plea seeking an end to the bankruptcy proceedings aga.....

Tags : Supreme Court, UltraTech Cements, Binani Cement

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Storing of Adulterated Food for Making Some Other Food Which is Sold is an Offence: Supreme Court(27.04.2018)

Supreme Court has held that storing of adulterated food, even for the purpose of making some other food which is sold, is an offence.

Tags : Supreme Court, Adulterated Food

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No Absolute Bar to Summon Aged Woman Before Enforcement Directorate: Madras High Court(27.04.2018)

Madras High Court has dismissed plea of senior advocate Nalini Chidambaram, challenging summons to requiring her personal appearance before Enforcemen.....

Tags : Madras High Court, Enforcement Directorate

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RBI Leaves Repo Rate Unchanged at 6%, Reverse Repo Rate Stays at 5.75%(07.02.2018)

Reserve Bank of India has kept the repo rate unchanged at 6%. The reverse repo rate remains unchanged at 5.75%

Tags : RBI, Repo Rate

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Mark Out Bus Types to Charge New Rates: Madras High Court(13.02.2018)

Madras High Court has directed the commissioner of Tamil Nadu State Transport Corporation (TNSTC) to file his response on a petition demanding not to .....

Tags : Madras High Court, Bus, Rates

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Supreme Court: 'Police Can’t Act As Executive Magistrates'(24.10.2017)

Supreme Court has expressed surprise that police officers have been assigned the task of Executive Magistrates under Criminal Procedure Code to ensure.....

Tags : Supreme Court, Executive Magistrates

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US Supreme Court Axes Suit Over Mississippi Confederate Emblem(28.11.2017)

U.S. Supreme Court has rejected an appeal from an African-American attorney who called the Confederate battle emblem on the Mississippi flag "an offic.....

Tags : US Supreme Court, Mississippi Confederate Emblem

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Arthur Road Jail, Sanjay Dutt's Former Prison, May House Vijay Mallya Too(29.11.2017)

Arthur Road Jail, Sanjay Dutt's Former Prison, May House Vijay Mallya Too

Tags : The Westminster Magistrates' Court had earlier this month rejected India’s extradition request for a UK-based alleged bookie, on the grounds that his human rights would be violated in Delhi’s notoriously overcrowded Tihar Jail.

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Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case(29.11.2017)

Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case

Tags : The Supreme Court bench, however, made it clear that the separate plea, seeking enhancement of compensation to be awarded to Bilkis Bano, would be taken up next week for hearing.

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Supreme Court Rejects ED Plea Against Satyam’s Successor Firm Tech Mahindra(11.12.2017)

Supreme Court has dismissed an appeal filed by Enforcement Directorate against a 2014 Hyderabad High Court judgement quashing money laundering charges.....

Tags : Supreme Court, Enforcement Directorate

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GST: Government Exempts Skimmed Milk Powder or Concentrated Milk(26.09.2017)

Central Government has exempted skimmed milk powder or concentrated milk from the ambit of Goods and Services Tax (GST) regime.

Tags : Goods and Services Tax, Exemption, skimmed milk powder, concentrated milk

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RBI Leaves Repo Rate Unchanged; Cuts GVA Growth Estimate to 6.7%(05.10.2017)

The six-member Monetary Policy Committee of Reserve Bank of India, headed by Governor Urjit Patel has left the short-term lending rate, also known as .....

Tags : RBI, Repo Rate

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Govt Extends Due Date of Transfer of Shares to IEPF Authority, New Dates to Notify Soon(31.05.2017)

Ministry of Corporate Affairs has extended due date of transfer of shares to Investor Education and Protection Fund (IEPF) Authority which earlier was.....

Tags : Ministry of Corporate Affairs, Investor Education and Protection Fund

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RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)

Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....

Tags : Reserve Bank of India, REPO Rate

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Govt Tightens Noose For July 1 GST Roll Out, Revises Rates For 66 Items, Eases Bizz Rules(12.06.2017)

Government has decided to lower rates on 66 goods and services, from pickles and cheaper cinema tickets to insulin and instant food mixes and also eas.....

Tags : GST, Rates, GST Council

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#OneNationOneTax: GST Council Revises Tax Rates For Restaurants, Seals Rates for Lotteries(19.06.2017)

Goods and Services Tax (GST) Council has fixed cost of eating out at restaurants at 18%, down from 28% decided earlier. Council has fixed tax of state.....

Tags : Goods and Services Tax, GST Rates

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MP High Court Declines to Issue Order to Set Up Dispensary for Legal Fraternity(23.06.2017)

Madhya Pradesh High Court has declined to issue any direction to set up a dispensary on the Court premises or specialised hospitals at divisional head.....

Tags : Madhya Pradesh High Court, Dispensary, Legal Fraternity

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MCA Relaxes Norms on Auditors Term for Pvt Cos With Paid Up Share Capital of 50 Crores(23.06.2017)

Ministry of Corporate Affairs has notified amendment to Companies (Audit and Auditors) Rules, 2014 wherein it amended Auditors’ rules with respect to .....

Tags : Ministry of Corporate Affairs, Companies (Audit and Auditors) Rules

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Supreme Court Stays NCLT Proceeding Against Jaypee Infratech Limited(04.09.2017)

Supreme Court has stayed National Company Law Tribunal (NCLT) proceedings against Jaypee Infratech Limited. NCLT had, while acting on an insolvency pl.....

Tags : Supreme Court, Jaypee Infratech Limited

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Supreme Court Orders Jaypee Infratech to Deposit Rs 2,000 Crore by Oct 27(11.09.2017)

Supreme Court has asked Jaypee Infratech to deposit Rs 2,000 crore by October 27. The Apex Court has restrained Jaypee MD and other directors from fly.....

Tags : Supreme Court, Jaypee Infratech

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Delhi High Court Exempts An Export Company from Paying IGST(13.09.2017)

Delhi High Court has allowed an export company to import certain goods used as inputs in manufacturing products, without paying the additional levy un.....

Tags : Delhi High Court, Integrated Goods and Services Tax

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Supreme Court: Jaypee Homebuyers Will Get Their Money Back(19.09.2017)

Supreme Court has said that it could ask Jaiprakash Associates Ltd (JAL) to deposit Rs 10,000 crore-15,000 crore more to ensure that the homebuyers go.....

Tags : Supreme Court, Jaypee Infratech

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Delhi High Court: DRI Has No Jurisdiction to File Writ Against Order of Settlement Commission(23.05.2017)

Delhi High Court has held that Directorate of Revenue Intelligence (DRI) has no jurisdiction to file Writ Petition under Article 226 of Constitution o.....

Tags : Delhi High Court, Settlement Commission, Directorate of Revenue Intelligence

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Status Quo on MDR: RBI(31.03.2017)

RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....

Tags : Reserve Bank of India, merchant discount rate

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MCA Relaxes Norms for M&A Deals Clearance by CCI(31.03.2017)

Ministry of Corporate Affairs (MCA) has eased the criteria for notifying Mergers and Acquisitions (M&A) deals to the Competition Commission of India (.....

Tags : Ministry of Corporate Affairs, Competition Commission of India

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RBI Releases Draft MDR Norms(17.02.2017)

Reserve Bank of India (RBI) has released draft norms for revamping Merchant Discount Rate (MDR), with an aim to make it more cost effective and appeal.....

Tags : Reserve Bank of India, Merchant Discount Rate

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Bombay High Court Puts On Hold DV Case Against Magistrate(07.03.2017)

Bombay High Court has stayed proceedings initiated against a woman Chief Metropolitan Magistrate in Gujarat in a domestic violence case filed by her b.....

Tags : Bombay High Court, domestic violence, Magistrate

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Delhi High Court: Arbitrator Cannot Lift Corporate Veil(17.05.2017)

Delhi High Court, while holding that an arbitral tribunal does not have power to lift corporate veil, has observed that mere failure of a corporate en.....

Tags : Delhi High Court, Corporate Veil

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#GST: Council Freezes Rates For About 1,200 Items, 12-18% GST Rate For Most Products(19.05.2017)

GST Council has approved rates for 1,211 item, rates of leftover six categories are yet to be finalized. Most FMCG items to become cheaper, Small cars.....

Tags : GST, Rates, GST Council

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#OneNationOneTax: GST Council Paves Way for Lower Burden on Average Household(19.05.2017)

Tax Free Items: Milk, Jaggery, Cereals, Fruit & Vegetables, Pulses. Rate of 5%: Coffee, Tea, Sugar, Edible Oil, Coal, Indian Sweets. Rate of 18%: Ch.....

Tags : GST, Rates, GST Council

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#OneNationOneTax: Consensus Builds in Srinagar Meet on July 1 GST Rollout(19.05.2017)

GST Council has decided tax rates for 1211 items of goods and services, of which 7% will be exempted, 14% will fall in the 5% slab, 17% in the 12% sla.....

Tags : GST, Rates, GST Council

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#GST: Council Finalizes GST Rates For 1,211 Items, Items of Daily Use to Attract Lower Tax Rate(19.05.2017)

GST Council has finalized tax rates for over 1,200 items, wherein a consensus was drawn to exempt or lower taxes on several items of daily use.

Tags : GST, Rates, GST Council

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#GST: Council Seals Four Tier Tax Slab For Services, 13 in 5% Bracket, Education, Healthcare Exempted(22.05.2017)

GST Council has finalised tax rates for services. Education and healthcare have been exempted from GST regime. Telecoms and financial services will be.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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#GST: Council Exempts 83 Services From GST Regime, Fits About 500 Services Under Four Slabs(22.05.2017)

Rail, air and road transport will fall in the 5 per cent tax slab. Hotels with tariff under Rs 1,000 will be exempt from GST, those between Rs 1,000-2.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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#GST Council: Legal Services, Education, Health are Tax Free Under GST(22.05.2017)

Services by Government, Local authorities, RBI, educational institutions, incubate, services by way of slaughtering animals, insurance services and se.....

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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Odisha Paves Way For July 1 GST Rollout, Passes State GST Bill(22.05.2017)

Odisha State Legislative assembly has unanimously passed State Goods and Services Tax (SGST) Bill, 2017 and VAT Bill, 2017.

Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services

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EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)

Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....

Tags : Employees' Provident Fund Organisation, interest rate on retirement savings

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RBI Revises SDR Norms(26.02.2016)

Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....

Tags : Reserve Bank of India , Strategic Debt Restructuring

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Bombay HC Rejects UltraTech Cement's Plan to Buy JP Associates’ Cement Plants in MP(29.02.2016)

Bombay High Court has rejected the scheme of arrangement for the acquisition of two cement plants of JP Associates by UltraTech Cement, citing the new.....

Tags : Bombay High Court,UltraTech Cement, JP Associates

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MCA Orders Merger of NSEL, FTIL(15.02.2016)

Ministry of Corporate Affairs (MCA) has ordered merger of National Spot Exchange (NSEL) with its promoter Financial Technologies (FTIL).

Tags : Ministry of Corporate Affairs , NSEL, FTIL

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Ministry of Corporate Affairs Relaxes Additional Fee Payable on Forms AOC-4 and AOC-4 XBRL(30.10.2015)

Ministry of Corporate Affairs has decided to relax additional fee payable on forms AOC-4 and AOC-4 XBRL under Companies Act, 2013, upto 30th November,.....

Tags : Ministry of Corporate Affairs , AOC-4 ,AOC-4 XBRL

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Delhi HC to ED: Why Not Give Case Papers to Virbhadra(05.01.2016)

Delhi HC has questioned Enforcement Directorate (ED) on its refusal to furnish case documents to Himachal Pradesh Chief Minister Virbhadra Singh who i.....

Tags : Delhi HC , Virbhadra Singh , Enforcement Directorate

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RBI Tightens Provisions for Yet to Fail CDR Accounts(12.01.2016)

Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed Corporate Debt Restructuring (CDR) bu.....

Tags : Reserve Bank of India, Corporate Debt Restructuring

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Bombay HC Asks, Can't Companies Give 2% of Profit to Poor Patients(15.01.2016)

Bombay HC has said that corporates must consider setting aside 2% of their profits towards a corpus for patients unable to pay their hospital bills.

Tags : Bombay HC, corporates

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Government Launches CRC to Ease Company Incorporation Procedure(25.01.2016)

Corporate Affairs Ministry has launched Central Registration Centre (CRC) to speed up company incorporation related services.

Tags : Corporate Affairs Ministry , Central Registration Centre (CRC)

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RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)

Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....

Tags : Reserve Bank of India , lending rates

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Gujarat High Court Suspends JMFC over Corruption Charges(23.12.2015)

Gujarat High Court has suspended a Judicial Magistrate First Class (JMFC) who was facing corruption charges.

Tags : Gujarat High Court, Judicial Magistrate First Class, corruption charges

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Delhi HC: Property Can Be Registered Below Circle Rate(24.12.2015)

Delhi HC has allowed registration of properties even if valued below the minimum circle rate of the area.

Tags : Delhi HC, circle rate

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Indore Firm To Pay $100,000 For Using Pirated Software(29.12.2015)

As per settlement reached, which was filed in Los Angeles Superior Court and approved by a judge, Pratibha Syntex Ltd., headquartered in Indore, has a.....

Tags : Pratibha Syntex Ltd., pirated software

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Delhi High Court Refuses to Stay Notification on Circle Rates(21.08.2015)

Delhi High Court has refused to stay a notification that tripled circle rates of agricultural land in national capital.

Tags : Delhi High Court ,Circle Rates

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Delhi High Court Dismisses Petition Against AAP Govt's Order on Circle Rates(17.08.2015)

Delhi High Court has dismissed a PIL against an AAP Government notification enhancing circle rates of agricultural land in the capital by three times.

Tags : Delhi High Court,AAP Government,circle rates of agricultural land

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RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)

Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....

Tags : RBI, Repo rate

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Bombay High Court Extends Ministry of Corporate Affairs’ Time Limit Till October 31(10.08.2015)

Bombay High Court has extended time limit to pass a final order by Ministry of Corporate Affairs on proposed merger on National Spot Exchange with par.....

Tags : Bombay High Court, Ministry of Corporate Affiars

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Gujarat HC Refers Subsidised Rates Allotment of Plots Case Involving Judges to Larger Bench(12.08.2015)

Gujarat High Court has referred case dealing with allotment of residential plots to judges by Gujarat Government in a posh locality at subsidised ra.....

Tags : Gujarat High Court , Subsidised Rates Residential Plots Allotment

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SC Grants Relief to Lanco Infratech(19.10.2015)

SC while providing relief Lanco Infratech, has directed Andhra Pradesh Power Utilities to refund about Rs 175 crore of Minimum Alternate Tax (MAT) col.....

Tags : SC , Lanco Infratech

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RBI Permits PCE in Corporate Bonds(25.09.2015)

RBI has permitted banks to provide Partial Credit Enhancement (PCE) to bonds issued by corporates/Special Purpose Vehicles (SPVs) for funding all type.....

Tags : RBI ,PCE,Corporate Bonds

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RBI Cut Repo Rate by 50 bps(29.09.2015)

Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....

Tags : Reserve Bank of India, Repo Rate

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RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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Delhi HC Put Stay on SDMs Order Barring Lawyers from Appearing(01.08.2016)

Delhi HC has put on hold an order and a public notice issued by two Sub Divisional Magistrates (SDMs) prohibiting lawyers from practicing or appearing.....

Tags : Delhi HC, Sub Divisional Magistrates , marriage registration matters

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MCA Notifies Companies (Incorporation) Third Amendment Rules, 2016(01.08.2016)

Ministry of Corporate Affairs (MCA) has notified Companies (Incorporation) Third Amendment Rules,2016 to amend the Companies (Incorporation) Rules, 20.....

Tags : Ministry of Corporate Affairs , Companies (Incorporation) Third Amendment Rules, 2016

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Govt. Fixes Debt to Capital, Free Reserve Ratio for Govt. Companies(25.03.2016)

Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance.

Tags : Ministry of Corporate Affairs, Debt to Capital, Free Reserve Ratio

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RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)

Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.

Tags : Reserve Bank of India, Fixed Rate Loans

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Government Caps Depreciation Rate at 40% a Year(10.03.2016)

Government has capped rate of deduction under accelerated depreciation, as a result many companies could see their tax liability going up and cash flo.....

Tags : Government , Depreciation Rate

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SC Asks Companies for Pre-Deposits for Fast Hearing(02.05.2016)

SC, while noting that corporate cases are time-consuming for the judiciary, has asked for pre-deposits by companies and said, “People file cases and t.....

Tags : SC, corporate cases

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Delhi HC Slams Delhi Govt., Directorate of Education and NDMC(19.04.2016)

Delhi HC has slammed Directorate of Education, Delhi Government and North Delhi Municipal Corporation (NDMC), after a plea was filed alleging that lak.....

Tags : Delhi HC , Delhi Govt., Directorate of Education, NDMC

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Madhya Pradesh HC Puts on Hold All Proceedings against IAS Officer in ICD Scam(18.10.2016)

Madhya Pradesh HC has stayed entire proceedings against IAS Officer Sudhi Ranjan Mohanthy in multi-crore Inter-Corporate Deposit (ICD) scam.

Tags : Madhya Pradesh HC, Inter-Corporate Deposit, Scam

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Allahabad HC Refers Yamuna Expressway Land Acquisition Dispute to Arbitration(04.11.2016)

Allahabad High Court has referred to arbitration a dispute between Yamuna Expressway Authority and JP Infratech Ltd in connection with enhanced compen.....

Tags : Allahabad High Court, arbitration, Yamuna Expressway, JP Infratech

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RBI Releases Fifth Bi-monthly Monetary Policy Statement, 2016-17; Kept Repo Rate Unchanged(07.12.2016)

Reserve Bank of India (RBI) has released Fifth Bi-monthly Monetary Policy Statement, 2016-17 wherein it has kept Repo rate unchanged at 6.25 percent, .....

Tags : Reserve Bank of India , Monetary Policy, Reverse Repo, Repo rate

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Bombay HC: Viewing Pirated Films Online not an Offence(05.09.2016)

Bombay HC has said it is inaccurate to suggest that merely viewing an illicit copy of a film is a punishable offence under the Copyright Act.

Tags : Bombay HC, Pirated Films

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SEBI Permits FPIs Direct Access to Corporate Bonds(26.09.2016)

Securities Exchange Board of India (SEBI) has allowed Foreign Portfolio Investors (FPI) to trade directly in corporate bonds without needing any broke.....

Tags : SEBI, FPI, corporate bonds

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NGT Directs Telangana to Submit Environment Impact Assessment Reports on Strategic Road Development(03.10.2016)

National Green Tribunal (NGT) while demanding Environment Impact Assessment (EIA) report, which is mandatory for execution of the proposed Strategic R.....

Tags : NGT, Strategic Road Development

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Jodhpur Based Court Acquits Salman Khan of All Charges Under Arms Act in Black Buck Poaching Case(18.01.2017)

A Jodhpur based Court has acquitted Bollywood Actor Salman Khan of all charges in Arms Act case against him in alleged poaching of two black bucks, af.....

Tags : Chief Judicial Magistrate, Jodhpur district, Salman Khan, Arms Act, Black Buck Poaching

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Govt Relaxes Norms Dealing with CSR, Directors Appointment, Audits for Ease of Doing Biz At GIFT City(20.01.2017)

Union Ministry of Corporate Affairs has issued two notifications, giving thereby more relaxations aimed at more 'ease of doing business' for companies.....

Tags : Union Ministry of Corporate Affairs, Gift Citybased International Finance Service Centre

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Supreme Court Asks Centre to Issue Fresh Notification on Appointment of ED Director(31.01.2017)

Supreme Court has directed Centre to issue a fresh notification within a week on appointment of Karnal Singh as director of Enforcement Directorate (E.....

Tags : Supreme Court, Enforcement Directorate, Director

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Supreme Court: Magistrate Cannot Order Further Investigation After Cognizance Has Been Taken(03.02.2017)

Supreme Court has held that Magistrate cannot order further investigation after cognizance has been taken, process has been issued and accused has ent.....

Tags : Supreme Court, Magistrate, Cognizance, investigation

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RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)

Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....

Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate

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Madras HC Expresses Concern over Increase in Crime Rates For Gain(02.01.2017)

Madras High Court, while expressing concern over increasing number of murders for gain being reported from various parts of State, has observed that r.....

Tags : Madras HC, Crime Rates

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CCI Approves UltraTech Cement’s Rs16,189 Crore Deal with Jaiprakash Associates(11.08.2016)

Competition Commission of India (CCI) has approved UltraTech Cement’s Rs16,189 Crore deal with Jaiprakash Associates.

Tags : Competition Commission of India, UltraTech Cement, Jaiprakash Associates

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Top Story

Cheaper to pirate than purchase?(23.09.2015)

In a case against large pirating of Microsoft software (yes, makers of the little known ‘Windows’, ‘Office’ and ‘Bing’), the Delhi High Court laid hea.....

Tags : Software, pirate, unlicensed, Microsoft, punitive

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GST Council Seals Rates for Goods & Services, Paves Way For July 1 Roll out of GST Regime in India(18.05.2017)

GST Council headed by Union Finance Minister Arun Jaitley has finalized tax rates for over 1,200 items, at a meeting held in Srinagar. GST will repla.....

Tags : GST, Rates, Fixation

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GST council announced reduction in tax rates(10.11.2017)

In a significant relief to citizens, GST council in the meeting held on 10th November, 2017 has announced slashed GST rates on various goods and servi.....

Tags : GST, Rates, Reduction

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