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Monthly Archives: August 2018

2,25,910 companies under scanner of MCA for not filing returns for Year 2015-16 & 2-16-17

Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non- filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall be followed ...

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NALCO CMD bats for MSMEs: Chartered Accountants to support MSMEs in tax compliances

India is all set to emerge as the third largest economy of the world with a quantum jump in its GDP by 2030. The role of the Chartered Accountants in this context is very crucial,” said Dr. Tapan Kumar Chand, CMD of Navratna NALCO. He was addressing the gathering of Chartered Accountants from across the country during the National CA ...

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Coal Linkage Rationalization

In 2017, CIL has done source rationalization of 12 state owned power plants based on the requests from these plants. The quantity rationalized was about 13 MT. The approximate potential annual savings in transportation cost by these power plants would be to the tune of Rs 774 crore, details of which are as under: Sr. No State/ Developer Power Plant ...

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Thirty-Nine thousand farmers benefitted from Jute procurement 

A total of 3.46 lakh bales worth Rs. 190 crores have been procured by Jute Corporation of India (JCI) during the last two years benefitting around 39,000 farmers.Rs.100 crores have been approved for 2018-19 and 2019-20 for procurement operations by JCI. Government of India had sanctioned Rs. 204 crores for four years starting 2014-15 to enable JCI to be in ...

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Development of Major Ports 

   The Minister of State for Shipping and Finance Shri Pon Radhakrishnan in a written reply to a question in Lok Sabha today informed that to make use of the complementarity between development of inland water transportation and major ports, under Section 111 of the Major Port Trusts Act, 1963, directions have been issued by the Government on 18th April, 2018 to five ...

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Declaration of State Roads as NHs 

The Minister of State for Road Transport and Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Lok Sabha today informed that the details of State Roads/ Highways declared as new NHs in the country during last three years and the current year are as follows- (Length in km)   Sr. No. State ...

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Expenditure on Construction of Highways and Roads 

The Minister of State for Road Transport and Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Lok Sabha today informed that the allocation of funds and expenditure incurred for development of NHs / roads under the various  schemes of the Ministry of Road Transport and Highwaysduring 2017-18 was Rs. 1,09,453.84 crore and Rs. ...

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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

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 of Indirect Taxes and Customs No.63/2018-CUSTOMS (N.T.), dated  19th July, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines that ...

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Environment & Skill Development Ministries Sign MoU to train one lakh RAC Service Technicians 

Emphasising that India is being globally lauded for its green initiatives and commitment to environment and climate change, Union Minister for Environment, Forest and Climate Change, Dr. Harsh Vardhan today said that Skill India is an endeavour by the Government to act as a catalyst in bringing about a change by skilling, up-skilling and re-skilling technicians to bring down the ...

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India’s Footwear Industry has huge potential for export & employment generation: Suresh Prabhu 

Indian footwear Industry has a huge potential for export and employment generation said Union Minister of Commerce & Industry and Civil Aviation. He was speaking at the inaugural programme of the 4th India International Footwear Fair 2018 (IIFF) at PragatiMaidan in New Delhi today. India will soon become a global hub for manufacturing of footwear to cater to growing demand. ...

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