RBI withdraws some exemptions granted to HFIs
Like every NBFC, housing finances are too now mandated to create a reserve fund and transfer minimum 20% of its net profit every year to the fund before any dividend is declared.
Sabka Vishwas Scheme gaining traction; over Rs 5,000 cr dues declared so far
Finance Minister Nirmala Sitharaman had unveiled the Sabka Vishw...
Cash-starved CG Power wants to tap markets, said to seek Sebi exemption
The company has sought an exemption on tapping the markets from the S...
Ranbaxy case: Radha Soami chief seeks exemption from court appearance
The court had in October ordered Gurinder Singh Dhillon along with his wife Shabnam, sons Gurkirat and Gurpreet and daughter-in-law Nayan Tara to be personally present in the court on November 14, after Dhillon and his family members had said that they did not owe any money to RHC Holding Pvt Ltd, promoted by Malvinder and Shivinder Singh.
Electric vehicles exempted from odd-even scheme
Delhi Transport Minister Kailash Gahlot in a statement said that the number of registered electric vehicles in the city was less than 1,000 and they are not likely to cause any congestion.
Disability pension for military will be exempt from tax only upto a limit
The COSC comprising the chiefs of the army, air force and navy sent recommendations to the defence ministry on disability pension. One of the recommendations was “that income tax exemption should be given on the disability part of pension upto a certain limit,” according to Lt Gen Ashwani Kumar, the army’s Adjutant General, who deals with the matter.
Government continues British-era exemption given to Kodavas of Coorg for arms licence
The Kodavas are the only community in the country who are exempted from obtaining arm licenses. The exemption has been given for a tenure of 10 years, till 2029.
EESL urges Delhi govt to exempt electric vehicles from odd-even scheme
The Delhi Government has brought the road rationing scheme to deal with rising level of pollution in the National capital region. The scheme will be implemented from November 4 to 15. Pollution levels in Delhi and satellite towns shot up again on Sunday morning, with the air quality bordering the 'severe plus' category at several places.
India mulls personal income tax relief while scrapping some exemptions
Govt may hike taxable income limits, especially in the Rs 10 lakh slab, which attracts a 30% rate at present.
Disabled persons to be exempted from rules of odd-even scheme
The Delhi chief minister Arvind Kejriwal had announced that the odd-even scheme will return for the third time in the national capital from November 4-15 as part of the efforts to fight pollution which adversely impacts the capital's air quality.
Odd-even scheme: Two-wheelers likely to be exempted in Delhi
The Transport department has suggested to allow two-wheelers during odd-even scheme to be in force from November 4-15.
Women will be exempted from odd-even scheme: Arvind Kejriwal
A decision on whether two-wheelers should be exempted from the scheme or not is yet to be taken and we are consulting experts, he said.
Chinese firm gets 23-year tax exemption in Pakistan
This was announced by Pakistan Federal Minister for Maritime Affairs Ali Haider Zaidi on Tuesday.
Vehicles ferrying school children in uniform to be exempted from odd-even scheme: CM Kejriwal
The govt announced that vehicles driven or carrying women and those carrying physically disabled persons will be exempted in addition to two-wheeler vehicles. The scheme is being implemented in view of high air pollution in the national capital.
Exporters draw DRI wrath for alleged GST violations
Many exporters will now have to cough up Integrated Goods and Services Tax (IGST) and penalties as these notices mean that the tax department will not wait for another apex court directive.
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