The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval to a new scheme the “Pradhan Mantri Krishi Sinchayee Yojana” (PMKSY). It will have an outlay of Rs. 50,000 crore over a period of five years (2015-16 to 2019-20). The allocation for the current financial year […]
Notarization of Documents in India by Notary Public
Know about Notarization of Documents in India Who is Notary? A notary public (or notary or public notary) is a public officer constituted by law to serve the public in non-contentious matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business. Notary is appointed by the state or central government under Notaries Act, […]
Limit of carrying Indian Currency by Residents and Non-Residents Increased
Residents, non-residents allowed to carry up to Rs 25,000 abroad Question: How much Indian currency can I carry abroad? Answer: Reserve Bank of India has recently increased the limit of carrying Indian Currency by Residents or Non-Residents while travelling to Abroad. Earlier the limit to both residents and non-residents, except Pakistanis and Bangladeshis, travelling to […]
Exempted Income of Firm is not taxable in Partners Hand
Tax relief for partnership firms: Profits can’t be taxed in the hands of partners CBDT has bestowed major relief to partners of a partnership firm by clarifying that the exempted income of a firm cannot be, in any circumstances, taxed for its profit in the hands of its partners. CBDT has taken this stance after few […]
India Post Launches ‘Instant Cash’ International Money Transfer Service
India Post Launches ‘Instant Cash’ International Money Transfer Service Signs Agreement with Wall Street Exchange to offer the Service Across India India Post (Department of Posts) has signed an agreement with Wall Street Exchange (a company of the Emirates Post Group of UAE) for launch of an International Electronic Money Transfer service through ‘Instant Cash’ product […]
Filing RTI Application Online by Indian Citizens
Filing RTI Application Online Moving towards greater transparency, the Government of India has made filing RTI application online possible by launching an online web portal. Indian Citizens inclusive of those who are residing abroad will be able to file RTI application through this Portal. The prescribed fee of Rs.10 for RTI application can also be […]
Carbon Credits: Understanding the Use and Importance
Information on Carbon Credit One challenge facing the human race is that of GLOBAL WARMING. Global warming is the rise in the average temperature of Earth’s atmosphere and oceans. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). The goal is to allow […]
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