Author: SREENU .T
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INDIA SIGNS AGREEMENT WITH WORLD BANK FOR LOW INCOME HOUSING FINANCE PROJECT
The Loan and Project Agreements for World Bank (IDA) assistance of US$100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB)and the World Bank here on 14th August, 2013. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf…
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SURAKSHIT-CBEC’s Information Security Newsletter
Central Board of Excise and Customs (CBEC) the custodian of the country’s central indirect tax data, launches “SURAKSHIT”, an information security newsletter. Surakshit is a bi-annual newsletter, published for the purpose of exchange of ideas and information related to the field of information security like emerging issues, security tips, interesting news snippets, etc… CBEC has…
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Gift articles,books and electronic gadgets-hot cakes in e-shopping
Gift articles,books and electronic gadgets are the most selling goods via online. In a recent survey covering around 5,000 shoppers around major cities states that sales are in a boost during festival season, like Raksha Bandhan, Diwali, etc… Most products bought & sold off through online comprise Gift articles (58%), books (42%), electronic gadgets (41%),…
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Delhiites tops on online consumption-ASSOCHAM survey
This festive season, there is a 65% more traffic on online retail websites and shopping on ground has taken a back seat. Apart from convenience, rising fuel price, security reasons, online discounts and availability with abundance of choice keeping them indoors, said Mr. D S Rawat, Secretary General ASSOCHAM(The Associated Chambers of Commerce and Industry…
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Fixed Deposits or Recurring Deposits?-benefit analysis
Fixed deposit or Recurring deposit, which yields more? Financial planning is important in the current economy, where expenses run over income and savings are relatively small or nil. Financial planning will reap rewards in future. There is always a doubt zone where to invest your surplus fund in fixed deposit or in Recurring deposit. Both…
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Top 10 Most Valuable Global Bank Brands
A benchmarking study of the strength, risk and future potential of a brand relative to its competitor set as well as a brand value and a summary measure of the financial strength of the brand.
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Customs duty on gold, silver and platinum raised
As a part of measures towards containing the current account deficit, the customs duty on gold and platinum has been increased from 8% to 10% and on silver from 6% to 10%. Consequential adjustments in customs duties are being made on gold ore / concentrate, gold dore bar and silver dore bar. Thus, additional duty…
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RuPay-a milestone in e-commerce
National Payment Corporation of India (NCPI) promoted by Reserve Bank of India and some other member banks, which aim is to operate for the benefit of all the member banks and their customers, has launched RuPay, a new card payment scheme. The RuPay card is introduced by NPCI in order to tap into the tremendous…
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Last date for filing ST-3, 31st August
ST-3(Return under section 70 of the Finance Act, 1994) By an order (Order No: 03/2013) Central Board of Excise & Customs(CBEC) has extended due date for submission of ST-3 to 31st August, 2013(which was 25th April,2013) for the period from 1st October, 2012 to 31st March, 2013. The circumstances which gives rise to this extention…
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Tax benefit on house loan
Repayment of principal amount of loan taken from any bank, state/central government, LIC, NHB, etc. for the purpose of construction or purchase of a residential house property, the income of which is chargeable to tax under the head income from house property.A deduction of amount paid as repayment of principal amount on loan taken for…