Chhattisgarh Govt. mandates 90% of
VAT payments within 15 days of expiry of quarter vide Notification
No.F1017/2016/CT/V (28), dated 31/3/2016.
The central government will make
compulsory the hallmarking of gold jewellery by Diwali.
The Ministry of New and Renewable
Energy (MNRE) has set up three committees to improve quality control of solar
modules and products.
The government has granted
infrastructure status to the shipyard industry, a move that will help the sectoral
players get long-term financing at cheaper rates.
The Reserve Bank of India came out
with master direction for merger of private sector banks and also between NBFCs
and banks.
The Supreme Court on Tuesday asked
the government to come up with a proposal for appointment of a committee to
look into the issues raised regarding bad loans and huge write-offs by public
sector banks.
To deal more effectively with bad
issue, the finance ministry has sent a draft note for the cabinet to amend the
relevant laws including SARFAESI law to help banks recover dues faster in
wilful defaults.
The Securities and Exchange Board of
India (Sebi) might allow new participants such as Banks, Mutual Funds and
Foreign Portfolio Investors in the commodity market.
The High Court in Kolkata has ruled
in favour of market regulator Securities and Exchange Board of India (SEBI) in
the matter of de-recognition and exit of the Calcutta Stock Exchange (CSE).
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