Finance & Taxes | Indian Government Policy

Sovereign Gold Bond Scheme 2018-19 (Series III) – Issue Price

Government of India, in consultation with the Reserve Bank of India, Sovereign Gold Bonds 2018-19 (Series III) will be opened for the period November 05-09, 2018. The issue price of the Bond during this subscription period i.e. November 05-09, 2018, shall be Rs. 3,183 (Rupees Three Thousand One Hundred Eighty Three only) – per gram […]
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Finance Ministry Launches Mobile Application “Jan Dhan Darshak”

Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative . As the name suggests, this app will act as a guide for the common people in locating a financial service touch point at […]
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Action on those Converting Black Money into White during Demonetization

Appropriate action by the Income-tax Department (ITD) and other Law Enforcement Agencies has been taken against those involved in the misuse of the Scheme of Demonetization. Such actions by the Income-tax Department included among others, conducting search and survey actions in relevant cases. During the period November 2016 to March, 2017, ITD conducted searches in […]
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PM to inaugurate the Third AIIB Annual Meeting 2018

The Department of Economic Affairs, Ministry of Finance, Government of India and the Asian Infrastructure Investment Bank (AIIB) will jointly host the third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on June 25-26, 2018 at Hotel Trident/Oberoi and NCPA, Mumbai, India. The theme for this year’s meeting is *“Mobilizing Finance for Infrastructure: Innovation […]
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The IBC (Amendment) Ordinance, 2018 and the Homebuyer

Please find below the Text of the Article written by the Union Minister, Shri Arun Jaitley on “The IBC (Amendment) Ordinance, 2018 and the Homebuyer” : “Post 1991 economic liberalisation, there has been a phenomenal growth in the creation of new townships, urbanisation and more particularly sub-urbanisation. This trend is likely to accelerate. Economic growth gives […]
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Electoral Bond Scheme 2018

Government of India has notified the Electoral Bond Scheme 2018 vied Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person, who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly […]
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Government of India and World Bank Signs Agreement to Improve Rural Road Network

The Government of India, the Government of Madhya Pradesh and the World Bank signed a $210 million loan agreement for the Madhya Pradesh Rural Connectivity Project. The Project is expected to improve the durability, resilience and safety of the gravel surfaced rural roads and enhance the capacity of the state to manage its rural roads network. The Project […]
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Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017

A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill To Ship To” model of supplies. In a typical “Bill To Ship To” model of supply, there are three persons involved in a transaction, namely: ‘A’ is the person who has ordered ‘B’ to send goods directly […]
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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 Excise and Customs No.31/2018-CUSTOMS (N.T.), dated 5th April, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes […]
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Auction for Sale (Issue) of Government Stocks

Government of India has announced the Sale (Issue/Re-issue) of (i) “New Government Stock of 5 year tenor” for a notified amount of Rs. 3,000 crore (nominal) through yield based auction, (ii) “6.68 per cent Government Stock, 2031” for a notified amount of Rs. 4,000 crore (nominal) through price based auction, (iii) “7.73 per cent Government […]
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CBDT notifies Income Tax Return Forms for Assessment Year 2018-19

The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1 (Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who have filed their return in this simplified Form. For Assessment Year 2018-19 also, a […]
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