With the revision of the treaty now approved by the Cabinet, capital gains will be taxed in India for entities resident in Cyprus, subject to double tax relief.
A web enabled online system for evaluation of measures has been developed with the help of National Institute of Smart Governance (NISG), Hyderabad.
The board also finalised the share swap ratio for three of the listed subsidiaries and Bharatiya Mahila Bank. The listed subsidiaries of the SBI are - State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore.
With this incorporation, the bank has become the first Public Sector Undertaking (PSU) under the Department of Posts (DoP). Further, the DoP is expected to complete the roll out of its branches all over the country by September 2017.
The committee seeks to develop the pan-India road map for trade facilitation as per the Trade Facilitation Agreement of the WTO. The TFA is an outcome of the Bali Package 2013 or Ninth Ministerial Conference of the WTO.
One of the key announcements under the policy was that the RBI Governor Raghuram G Rajan kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5 percent.
It will have representation from financial sector regulators namely, Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA).
The portal will help anyone can obtain information regarding entities that are allowed to accept deposits, lodge complaints and share information regarding illegal acceptance of deposits by unscrupulous entities.
The project will be installed through a Joint Venture Company named Neyveli Uttar Pradesh Power Limited, which is formed jointly by Neyveli Lignite Corporation Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited.
The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.
The international transactions covered in these agreements include software development Services, IT enabled Services, Engineering Design Services & Business Support Services.
It will view the growing significance of Fin Tech innovations and their interactions with the financial sector as well as the financial sector entities.
As per the revised schedule, a minimum amount of 25% of the tax, surcharge & penalty can be paid by 30 November 2016 and further amount of 25 % by 31 March 2017. The balance amount can be paid on or before 30 September 2017.
NBCC, a Navratna company, was incorporated with an objective of becoming a leading company in the field of construction, engineering and project management consultancy services.
The setting up of new units at Sindri, Gorakhpur and Barauni will help in meeting the growing demand of urea of Bihar, West Bengal and Jharkhand.
The Fair Market Value of listed companies will be computed on the basis of a formula taking into account its market capitalisation, book value of liabilities and total number of shares.
The Model Bill would bring about uniformity in the legislative provisions across the States and Union Territories. It also seeks to facilitate the ease of doing business and generation of employment opportunities across the country.
Now, the central government employees and pensioners will get a hike of at least 23.55 percent in their salaries. The rate of annual increment for employees will be 3 percent.
Vision-2018 revolve around 5 Cs – coverage, convenience, confidence, convergence and cost, which can be achieved with focus on four strategic initiatives, viz., responsive regulation, robust infrastructure, effective supervision and customer centricity.
It will put up 700 MHz band, which is used for offering high-speed broadband services, for sale for the first time at a reserve price of 11485 crore rupees per MHz pan-India.
The package includes a slew of measures which are labour friendly and would promote employment generation, economies of scale and boost exports.
The 10000 crore rupees corpus fund could potentially be the nucleus for catalyzing 60000 crore rupees of equity investment and twice as much debt investment.
The MoU has been signed for implementation additional works, which are independent of the on-going works, like Container handling facilities at Sittwe & Paletwa.
Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionality for foreign investment.
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 seeks to improve ease of doing business by fast tracking recovery of bad loans.
Apart from this, the Bharatiya Mahila Bank will also be merged with the SBI and the cabinet had cleared this proposal too.
Solar Energy Corporation of India (SECI) has been designated as nodal agency for implementation of the scheme.
The guidelines were issued with an aim to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track.
The objective of the Memorandum of Understanding is to facilitate QIA to study investment opportunities in the infrastructure sector in India.
It will upgrade existing sections of four State roads to two lane standard and will also support improvements in the design, safety and maintenance of the network.
The prices will come into effect from effective from 1 October 2016. The higher MSPs would increase investment and production through assured remunerative prices to farmers.