open view web desk The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks. Under the provisions of the Banking Regulation Act, 1949, it can, inter alia― inspect the bank and its books and accounts (section 35(1) ibid.); examine on oath any director or other […]
open view web desk Investigation in 3626 cases of GST evasion/violations has been initiated in the present financial year by CGST (Central GST) formations (up to December, 2018). On the basis of investigation conducted so far it emerges that the amount of tax involved in these 3626 evasion/violations […]
open view news desk The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way […]
open view news desk Government has allowed premature withdrawal from New Pension Scheme Fund. A subscriber is eligible for three partial withdrawals during the period of subscription under National Pension System (NPS), each withdrawal not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions […]
open view news desk As apprised by banks, as on 26.12.2018, there are 33.66 crore accounts under Pradhan Mantri Jan DhanYojana (PMJDY). Out of these accounts, 28.16 crore PMJDY accounts are operative accounts. Accounts could be closed by banks on request of concerned customers. Further, vide, Reserve Bank of […]
open view news desk On 08 Jan 2019, a Memorandum of Understanding (MoU) was signed between the Indian Army and PNB on the Defence Salary Package. The signing ceremony was chaired by the Adjutant General, Lt Gen Ashwani Kumar and was attended by top dignitaries of PNB headed […]
open view news desk The aim of National Culture Fund (NCF) is to establish and nurture partnerships in the field of Culture and Heritage between private and public sectors, government, non-government agencies, private institutions and foundations and mobilize resources for the restoration, conservation, protection and development of India’s […]
open view news desk The Broad-Based Committee (Vision Committee) set up by the National School of Drama (NSD) Society in February 2005, inter-alia, had recommended opening of five regional centres of the NSD across the country. On the basis of these recommendations, the decision to establish five regional […]
open view news desk The primary mandate of Ministry of Culture is preservation and conservation of ancient cultural heritage and promotion of tangible and intangible art and culture through its attached, subordinate and autonomous organisations. Its activities and programmes are accomplished under several broad cultural genres viz. Preservation […]
open view news desk Government is aware that the International Bureau of Weights and Measures overhauled the definition of a kilogram as well as all the other basic units of measurement based on physical constants. The Government has examined these changes and supported the proposal for change in […]
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