Others News

Payment of Wages by cheque or crediting to bank accounts

21 March 2017 at 10:59

The present wage limit for applicability of the provisions of the Payment of Wages Act, 1936 is Rs. 18,000/- per month. The Act has been amended by Payment of Wages (Amendment) Act, 2017 (effective from 28.12.2016) to enable the employers to pay wage

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Govt to conduct trials with plastic banknotes

20 March 2017 at 10:07

Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic banknote substrates conveyed to RBI It has been deci

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EPF members can withdraw upto 90 percent fund for purchase of house

17 March 2017 at 11:05

Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 6

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Cabinet approves increase in Dearness allowance by 2%

16 March 2017 at 12:24

Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Gove

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Macroeconomic Impact of Demonetisation

14 March 2017 at 10:32

Macroeconomic Impact of Demonetisation- A Preliminary Assessment

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No one to be deprived of benefits for lack of Aadhaar says Govt

08 March 2017 at 11:19

Government says that benefits to continue with alternate means of identificationGovernment has said that no one will be deprived of the benefits for lack of Aadhaar. In a statement issued today, the Government has reiterated that till Aadhaar number

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Transfer from Recognized Provident and Superannuation Fund to National Pension Scheme

08 March 2017 at 11:19

Clarification by Pension Fund Regulatory and Development Authority (PFRDA) on transfer of amount from Recognized Provident Fund & Superannuation Fund to National Pension Scheme (NPS) In the budget of 2016-17, the Government had announced that th

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FM releases the Revised General Financial Rules 2017

08 March 2017 at 11:19

The Finance Minister Shri Arun Jaitley calls upon the Financial Advisers of different Ministries to ensure that expenditure on schemes and projects start from the beginning of the financial year to leverage the early passing of the Finance Bill this

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Furnishing of Aadhaar mandatory for final settlement of Pension claims

03 March 2017 at 11:46

The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of Aadhaar Number authentication by the members of E

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ICAI submits Post Budget Memoranda 2017

28 February 2017 at 10:56

POST-BUDGET MEMORANDUM – 2017A. INTRODUCTION1.0 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government.1.1 In this memorandum, we have suggested certain am

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