Rail Budget - E-Booking of Tickets on the Concessional Passes for Journalists to be Introduced
Posted Date : 25-Feb-2016 , 02:20:47 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu said that Indian Railways intends to commence sale of tickets through hand held terminals for the benefit of the suburban and short distance travelers. This would enable deployment of multiple ‘Points of Sale’ with minimal infrastruct...
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Rail Budget - Railways to implement EPC mode for undertaking works
Posted Date : 25-Feb-2016 , 02:20:03 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Engineering Procurement and Construction (EPC) mode will be implemented for allotting works to ensure participation of large professional players and minimizing cost and time overruns. While introducing the Railway Budget for 2016-...
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Budget |
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Rail Budget 2016 - Increased Outlay for Electrification of Railways
Posted Date : 25-Feb-2016 , 02:19:16 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget for 2016-17 in Parliament today said that electrical traction is more economical besides being environment friendly. In a business-as-usual approach, it may take us 10 to 15 years to complete the required elec...
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Rail Budget - Railways to provide 17000 Bio-Toilets in Trains under Swachh Rail Swachh Bharat Mission
Posted Date : 25-Feb-2016 , 02:18:23 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu said that in pursuance of our mission Swachh Rail Swachh Bharat, that Indian Railways will provide 17,000 bio-toilets in trains and additional toilets at 475 stations before the close of this financial year. Presenting the Railway Budget 2016-17...
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Rail Budget - Railways for Port Connectivity to Boost Country’s Imports and Exports
Posted Date : 25-Feb-2016 , 02:17:34 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that the Port connectivity is an important element to ensure seamless logistics to boost country’s imports and exports. Presenting the Railway Budget 2016-17 in Parliament today he said, last year, Railways had launched a coastal ...
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Rail Budget - Antyodaya Express and Deen Dayalu Coaches to be Introduced for the Unreserved Passenger
Posted Date : 25-Feb-2016 , 02:16:45 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today proposed to introduce the Antyodaya Express, a long-distance, fully unreserved, superfast train service, for the common man to be operated on dense routes. He also said that tw...
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Rail Budget 2016 - Railways to ensure independence of Rail Development Authority
Posted Date : 25-Feb-2016 , 02:15:45 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Indian Railways will ensure the independence of Rail Development Authority which was proposed last year to enable fair pricing of services, promote competition, protect customer interests and determine efficiency standards. He was ...
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Rail Budget 2016 - Initiatives taken to improve Passenger Ammenities
Posted Date : 25-Feb-2016 , 02:14:54 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways. Presenting the Railway Budget 2016-17 in Parliament today, he said, it has been an unprecedented year for customer oriented works and Indian Railwa...
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Rail Budget - Railway Undertakes Energy Audits to Reduce Energy Consumption in Non-Traction Area by 10% to 15%
Posted Date : 25-Feb-2016 , 02:14:08 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today said that Environment in the context of India’s commitment to reduce its carbon foot print, Indian Railways have undertaken energy audits which have revealed the possibility o...
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Income Tax |
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Rail Budget - Ordinary Working Expenses in the R.E. 2015-16 decreased by Rs 8,720 crore
Posted Date : 25-Feb-2016 , 02:13:22 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in the Parliament today placed the Financial Performance data for 2015-16.
The Railway Minister said that there is a net reduction in Gross Traffic Receipts by Rs 15,744 crore in R.E. 2015-16 c...
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Wi-Fi Services at 100 Stations to be Commissioned this Year and at 400 more Stations in the next 2 Years
Posted Date : 25-Feb-2016 , 02:12:27 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today said that the process has begun to introduce Wi-Fi services at stations especially for youth and business travellers. He proposed to commission Wi-Fi services at 100 stations this year a...
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IRCTC has Begun the Process of Empanelling Self-Help Groups for Providing Catering/Cooking Services
Posted Date : 25-Feb-2016 , 02:11:43 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today said “Last year, I had appealed to various NGOs and Civil society to help Indian Railways on social issues such as sanitation and provision of basic amenities at stations. I a...
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Railways Vision 2020 to meet Long Felt Desires of Common Man
Posted Date : 25-Feb-2016 , 02:11:03 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that by 2020, Indian Railways look forward to meet the long-felt desires of the common man such as reserved accommodation on trains being available on demand, time tabled freight trains with credible service commitments, high end technol...
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Extension of e-Tourist Visa scheme to 37 more countries from tomorrow
Posted Date : 25-Feb-2016 , 10:45:40 am | Posted By CASANSAAR
The e-Tourist Visa (e-TV) facility will be extended to 37 more countries from tomorrow. The total count of countries under the scheme will become 150.
The new 37 countries included in e-Tourist Visa scheme are Albania, Austria, Bosnia & Herzegovina, Botswana, Brunei, Bulgaria, Cape Verd...
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Suresh Prabhu to present Rail Budget in Parliament today
Posted Date : 25-Feb-2016 , 09:04:20 am | Posted By CASANSAAR
Union Railway Minister Suresh Prabhu will present Rail Budget for fiscal year 2015-16 in the Parliament today.
This will be the Prime Minister Narendra Modi-led NDA Government's first full-fledged railway budget.
People have high expectations from th...
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Over 24.37 crore PAN cards allotted in country - Income Tax department
Posted Date : 25-Feb-2016 , 08:54:57 am | Posted By CASANSAAR
More than 24.37 crore Permanent Account Numbers (PAN) have been registered in the country till now, according to latest data.
A senior income tax department official, quoting latest data, said a total of 24,37,96,693 PAN card numbers have been allotted till now across the country even as the depa...
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PAN |
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Parliamentary Panel raps RBI over NPAs
Posted Date : 25-Feb-2016 , 08:16:58 am | Posted By CASANSAAR
A parliamentary panel has expressed reservations over the way the Reserve Bank of India (RBI) and banks were handling the issue of bad loans.
It said high bad debts have raised serious questions over the credibility of the mechanism to deal with an issue that is threatening th...
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Income Tax |
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No surcharge, service charge on card and digital payments: Cabinet
Posted Date : 25-Feb-2016 , 08:01:07 am | Posted By CASANSAAR
With an aim to discourage cash transactions, the Cabinet on Wednesday approved withdrawal of surcharge, service charge and convenience fee on card and digital payments.
The Cabinet -- chaired by Prime Minister Narendra Modi -- approved mandating payments beyond a prescribed threshold only throu...
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General |
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TN Governor calls upon CAs to meet global challenges
Posted Date : 24-Feb-2016 , 07:41:23 am | Posted By CASANSAAR
Tamil Nadu Governor Konijeti Rosaiah suggested the chartered accountants to adopt dynamism in professional standards to meet the globalisation challenges in trade and commerce.
While addressing the CAs at Institute of Chartered Accountants of India Bhavan here on Tuesday, he said ...
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CA |
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No officer to hold sensitive posts beyond 3 years: CBEC
Posted Date : 24-Feb-2016 , 07:31:07 am | Posted By CASANSAAR
No officer should remain posted on sensitive posts for more than three years to ensure probity among the government servants, the Central Board of Customs and Excise (CBEC) has said.
"... It is stated that postings and transfers of all officers/officials are required to be done as per ...
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Excise |
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Finance ministry to go green, print less copies of Economic Survey, Budget
Posted Date : 23-Feb-2016 , 10:08:45 pm | Posted By CASANSAAR
Finance Ministry has decided to go green and print lesser number of copies of the Economic Survey and Budget. This step has been taken on the recommendations of a Parliamentary Standing Committee. The copies of the two important documents would be available online once they are tabled in Parliament....
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PNB declares 900 firms as wilful defaulters; Owe Rs 11,000 Cr
Posted Date : 23-Feb-2016 , 10:05:49 pm | Posted By CASANSAAR
State-owned Punjab National Bank (PNB) has declared a list of about 900 wilful defaulters including Winsome Diamonds & Jewellery, Zoom Developers and Nafed, which owe close to Rs 11,000 crore to the lender.
The bank recently declared beleaguered Kingfisher Airlines and its guarantors UB Hol...
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Banking |
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RBI cancels Bajaj Auto, IDFC Finance, and 24 others' NBFC registration
Posted Date : 23-Feb-2016 , 07:37:46 am | Posted By CASANSAAR
The RBI has cancelled registration of as many as 26 non-banking financial companies (NBFCs) including Bajaj Auto Holdings and IDFC Finance Ltd.
"The Reserve Bank has cancelled the certificate of registration of the 26 non-banking financial companies. Following the cancellation of registrat...
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RBI |
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Budget Session of Parliament commences from 23rd Feb.
Posted Date : 22-Feb-2016 , 09:44:05 pm | Posted By CASANSAAR
Budget Session of Parliament will begin from tomorrow. Since it is the first session of the new calendar year, it will begin with the address of President Pranab Mukherjee to the joint sitting of the Lok Sabha and the Rajya Sabha. During the session, the Rail Budget will be presented on 25th and Gen...
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Budget |
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Income tax department sends 100 fraud links to cyber sleuths
Posted Date : 22-Feb-2016 , 08:01:48 am | Posted By CASANSAAR
Taking note of the spate of phishing and cheat refund emails landing in inboxes of taxpayers, the income tax department has referred over 100 such instances to the country's premier cyber security agency to block these hackers lurking in the e-world.
The department is particularly worried aft...
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Income Tax |
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Income-tax sleuths raid cheapest phone maker
Posted Date : 20-Feb-2016 , 08:17:18 am | Posted By CASANSAAR
Two days after hogging global limelight with the “launch” of its ultra cheap phone, Noida-based handset maker Ringing Bells attracted the attention of income-tax department on Friday.
According to some reports, a three-member had grilled Ringing Bells officials as it was alleged tha...
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Income Tax |
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Amit Mitra appointed as chairman of GST committee of State FMs
Posted Date : 20-Feb-2016 , 07:42:25 am | Posted By CASANSAAR
West Bengal Finance Minister Amit Mitra has been appointed as the new chairman of the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST). He will succeed Kerala Finance Minister K M Mani who had to resign in November last year over corruption charges.
Mr Mitra, w...
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GST |
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Clarification for implementation of FATCA and CRS
Posted Date : 20-Feb-2016 , 07:40:34 am | Posted By CASANSAAR
An Inter-Governmental Agreement between India and USA was signed for implementation of Foreign Account Tax Compliance Act (FATCA). The Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic Exchange of Information as per Common Reporting Standard (CRS...
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Income Tax |
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RBI revises norms for NBFC factor firms
Posted Date : 19-Feb-2016 , 09:00:56 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Thursday came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that provide factoring services.
The RBI said that a receivable acquired by an NBFC- Factor which is not paid within such period of its due d...
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RBI |
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Banks selecting own auditors reason behind rising NPAs - ICAI
Posted Date : 19-Feb-2016 , 08:58:34 am | Posted By CASANSAAR
Amid worsening bad loans scenario at the lenders, Institute of Chartered Accountants of India (ICAI) on Wednesday blamed the current system of banks appointing its own auditors for the rising non performing assets.
The chartered accountants' apex body president M Devaraja Reddy, who assumed...
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ICAI |
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