Strictly Statutes June 2013 Statutory Compliance Newsletter from ADP India

Size: px
Start display at page:

Download "Strictly Statutes June 2013 Statutory Compliance Newsletter from ADP India"

Transcription

1 ADP Statutory Compliance Newsletter from ADP Indi Strictly Statutes June 2013 Statutory Compliance Newsletter from ADP India

2 Compliance calendar for June 2013 Activity Due Date Scope Due Under Mode 10/06/2013 Andhra Pradesh & State wise Madhya Pradesh 15/06/2013 Gujarat Gujarat PT Professional Tax Remittance 20/06/2013 Karnataka Karnataka PT 21/06/2013 West Bengal West Bengal PT 30/06/2013 Maharashtra, Assam & Orissa State wise Labour Welfare Fund Remittances 20/06/2013 Kerala Kerala State Labour Welfare Fund PF Remittance of Contribution 15/06/2013 Central EPF & MP Act 1952 PF International worker with wages & Nationality 15/06/2013 Central EPF & MP Act 1952 Statement in IW 1 ESI Remittance of Contribution 21/06/2013 Main Code & Sub Codes ESIC Act

3 A JUDGEMENT TO FEEL ABOUT Award Principal Employer is liable for ESI contribution for both the employees on roll and through contractors. In a case of National Aluminium Company and Ors vs. The Employee s State Insurance Corporation and Ors, Honourable Justice of Orissa High Court Mr BN Mahapatra has delivered that as per Employee s State Insurance Act 1948, Sec 39 & 40, the liability to pay entire contribution under the act in respect of every employee, whether employed direct or through an immediate employer, for both the employer s and employee s contributions, is on the principal employer. Any settlement contrary to provisions of law between employer and employee cannot exonerate the employer from statutory obligations. The duty is enjoined on the principal employer to discharge statutory obligations by depositing the contributions, once the establishment is covered under the act. Updates on Market Trends & Labour Legislation Clarity on Provident Fund and Miscellaneous Act 1952 applicability to International Workers (Expats) Circular from Additional PF Commissioner (IWU) dated 23 May 2013 emphasises that as per special provisions of the EPF Scheme 1952, contributions in respect of International Workers (i.e. employer s and employee s) were required to be remitted by an employer on full pay (i.e. without ceiling of Rs 6500/- per month) with effect from 1 st Nov 2008 or from the date of joining whichever was later. The restriction on the diversion of 8.33% of the employer s share of EPF contribution towards the employees pension fund was also done away with vide GSR 149 dated 03/09/2010. Thus it is very clear that in respect of International Workers, the contribution had to be deducted and remitted under EPF as well as EPS Scheme on full pay without any ceiling (where Pay consists of Basic Wages, Dearness Allowances, Retaining Allowances if any and the cash on food concession if any). Violation of the above by the employers will entail serious consequences for the employers by way of liability towards both damages under section 14B and penal interest under section 7Q including prosecution under section 14 of the EPF & MP Act However, more than anything else, an International Worker shall face financial loss and great difficulties when totalling of benefits is attempted under various Social Security Arrangements. Wilful defaulters may also be considered for booking under Law to have deterrent impact and ensuring strict compliance. 3

4 Do you know that Indian Railways will recruit 1,52,000 new employees to run its work efficiently Over two lakh life insurance agents have lost jobs in the life insurance sector in the first three quarters of last financial year The Employees Provident Fund organization has corpus of Rs 4.5 lakhs crore with Rs. 50,000 crore worth fresh fund getting added every year Despite civil aviation ministry phasing out foreign pilots, India still has 340 foreign pilots Tamil Nadu had the highest number (17,309) of Provident Fund defaulting companies with dues worth Rs crore until Sep 2012 Two bills passed by Parliament provide for different punishments for sexually harassing women 4

5 ADP Global Automatic Data Processing, Inc. (NASDAQ: ADP), a $10 billion enterprise and one of the world s largest providers of business outsourcing solutions, and only one of 4 companies in the US to receive the AAA rating, serves approximately 570,000 clients. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. The company s easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions for automotive, marine, heavy equipment, and recreational vehicle dealers across the world. ADP India ADP is a 6000 member organization in India. The payroll processing division is headquartered in Chennai and processes nearly 300,000 payslips every month for over 600 clients in various industries. Many of our customers are multinationals who've partnered with ADP abroad and in India. We have offices across the country and a 350 strong payroll team. Get the ADP expertise working for you. A 60 year track record that speaks for itself. ADP India Pvt Ltd., Thamarai Tech Park, S.P. Plot No. 16 to 20 & 20A Thiru Vi Ka Industrial Estate, Inner Ring Road, Guindy, Chennai Phone contactadp@adp.com

imposed professional Tax. In some states there is no Professional tax. ALOK SINHAL & CO.

imposed professional Tax. In some states there is no Professional tax. ALOK SINHAL & CO. Professional Tax is tax imposed on the salaried people working government or non government offices. Professional Tax deducted from the salary is payable to the State Government where the employees office

More information

REPORT ON THE WORKING OF THE MATERNITY BENEFIT ACT, 1961 FOR THE YEAR 2010

REPORT ON THE WORKING OF THE MATERNITY BENEFIT ACT, 1961 FOR THE YEAR 2010 REPORT ON THE WORKING OF THE MATERNITY BENEFIT ACT, 1961 FOR THE YEAR 2010 1. Scope and Objective 1.1 The Maternity Benefit Act, 1961 extends to the whole of the Indian Union and applies to every factory,

More information

Transferring efficiency Advancing new options. Indirect Tax Seminar Issues and Prospects June 22, 2013 Anjlika Chopra

Transferring efficiency Advancing new options. Indirect Tax Seminar Issues and Prospects June 22, 2013 Anjlika Chopra Transferring efficiency Advancing new options Indirect Tax Seminar Issues and Prospects June 22, 2013 Anjlika Chopra Contents Important obligations under VAT Registration Returns and payment of taxes VAT

More information

EXPORT OF GOODS AND SOFTWARE REALISATION AND REPATRIATION OF EXPORT PROCEEDS LIBERALISATION

EXPORT OF GOODS AND SOFTWARE REALISATION AND REPATRIATION OF EXPORT PROCEEDS LIBERALISATION Corporate Law Alert J. Sagar Associates advocates and solicitors Vol.16 April 30, 2011 RBI EXPORT OF GOODS AND SOFTWARE REALISATION AND REPATRIATION OF EXPORT PROCEEDS LIBERALISATION The Reserve Bank of

More information

Post and Telecommunications

Post and Telecommunications Post and Telecommunications This section presents operating and financial data relating to the different branches of the Department of Posts including the Post Office Savings Banks. It comprises statistics

More information

Fiscal Responsibility Legislation in Indian States

Fiscal Responsibility Legislation in Indian States Fiscal Responsibility Legislation in Indian States State Perspectives-Kerala Experience Presentation by K. Jose Cyriac Principal Secretary (Finance) Government of Kerala 1 Revenue Expenditure Prelim BE

More information

Treading the GST Path 50! FAQ on TDS (GST) (A Team effort of Swamy Associates)

Treading the GST Path 50! FAQ on TDS (GST) (A Team effort of Swamy Associates) Treading the GST Path 50! FAQ on TDS (GST) (A Team effort of Swamy Associates) Q 1. What is TDS in GST law? Section 51 of the CGST Act, 2017 (any reference to CGST Act, would refer to the corresponding

More information

India: An Attractive Investment Destination. Department of Industrial Policy and Promotion Ministry of Commerce and Industry

India: An Attractive Investment Destination. Department of Industrial Policy and Promotion Ministry of Commerce and Industry India: An Attractive Investment Destination Department of Industrial Policy and Promotion Ministry of Commerce and Industry Indian economy: growth trajectory Indian economy at USD 4531 Billion (in PPP

More information

CHAPTER VII INTER STATE COMPARISON OF REVENUE FROM TAXES ON INCOME

CHAPTER VII INTER STATE COMPARISON OF REVENUE FROM TAXES ON INCOME CHAPTER VII INTER STATE COMPARISON OF REVENUE FROM TAXES ON INCOME In this chapter we discuss the growth of total revenue from taxes on income. We also examine the growth of revenue from agricultural income

More information

Financial year-wise FDI Equity Inflows:

Financial year-wise FDI Equity Inflows: (ii) Financial year-wise FDI Equity : Financial Year (Apr-Mar) Amount of FDI Equity %age growth over the in Rupees Crore in US$ million previous year 2000-01 10,733 2,463-2001-02 18,654 4,065 ( + ) 65

More information

Works Contract - VAT and Service Tax Planning

Works Contract - VAT and Service Tax Planning 279 Works Contract - and Tax Planning Even after about 30 years of the 46 th Amendment to the Constitution of India, taxation of Works Contract is a subject matter of interpretations, controversies and

More information

Customised Professional Labour Law Report

Customised Professional Labour Law Report Customised Professional Labour Law Report Report Generated On : 23rd March, 2017 Report Type: Simple Report / Detailed Report Company: My Detail Company Location: Bengaluru Simpliance Technologies Pvt.

More information

JOINT STOCK COMPANIES

JOINT STOCK COMPANIES This section contains statistics relating to joint stock companies which are based on returns received from Registrars of Joint Stock Companies. Tables 25.1 (A) (B) to 25.4 These tables present data regarding

More information

Mending Power Sector Finances PPP as the Way Forward. Energy Market Forum

Mending Power Sector Finances PPP as the Way Forward. Energy Market Forum Mending Power Sector Finances PPP as the Way Forward Energy Market Forum AF Mercados EMI 11 th February 2011 Structure of the Presentation Current Status of Power Sector Generation Transmission Distribution

More information

West Bengal Budget Analysis

West Bengal Budget Analysis 0.3% 3. 2.3% 6.4% 5.9% 8.8% 8. 8. 11.4% 10.2% 11. 15. West Bengal Budget Analysis The Finance Minister of West Bengal, Dr. Amit Mitra presented the Budget for financial year on January 31, 2018. Budget

More information

Earnings Presentation Q3FY18

Earnings Presentation Q3FY18 Earnings Presentation Q3FY18 www.repcohome.com Agenda Q3FY18 Performance Business summary.. Financial performance for Q3FY18 Borrowing profile.... Geographic Presence Footprint... Region-wise loan book..

More information

Year Ended March 31, 2011

Year Ended March 31, 2011 FORM NL-1-B-RA Name of the Insurer: TATA AIG GENERAL INSURANCE COMPANY LIMITED IRDA Registration No. 108, dated January 22, 2001 REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2011 Particulars Schedule Year

More information

Bihar: What is holding back growth in Bihar? Bihar Development Strategy Workshop, Patna. June 18

Bihar: What is holding back growth in Bihar? Bihar Development Strategy Workshop, Patna. June 18 Bihar: What is holding back growth in Bihar? Bihar Development Strategy Workshop, Patna. June 18 Ejaz Ghani World Bank. Structure of Presentation How does Bihar compare with other states? What is constraining

More information

OUTSTANDING GOVERNMENT DEBT

OUTSTANDING GOVERNMENT DEBT ISIN Security OUTSTANDING GOVERNMENT DEBT TABLE 3: OUTSTANDING GOVERNMENT DEBT (Previous Month) Mod V+ (for V- (for Modified for 100bps for 100 bps Expected price for a 100bps rise in yield due to and

More information

Banking Sector Liberalization in India: Some Disturbing Trends

Banking Sector Liberalization in India: Some Disturbing Trends SPECIAL REPORT Banking Sector Liberalization in India: Some Disturbing Trends Kavaljit Singh In the first week of August 2005, Reserve Bank of India (RBI), country s central bank, issued a list of 391

More information

2011: Annexure I. Guidelines/Norms for Utilization of Funds for conducting Soeio-Economic and Caste Census

2011: Annexure I. Guidelines/Norms for Utilization of Funds for conducting Soeio-Economic and Caste Census Annexure I I. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Guidelines/Norms for Utilization of Funds for conducting Soeio-Economic and Caste Census 2011: State wise Number of s may be taken as per population

More information

Delhi Budget Analysis

Delhi Budget Analysis Delhi Budget Analysis The Minister of Finance of Delhi, Mr. Manish Sisodia, presented the Budget for financial year on March 22, 2018. Budget Highlights The Gross State Domestic Product (GSDP) of Delhi

More information

Karnataka Budget Analysis

Karnataka Budget Analysis -4. 3. 8.9% 7.7% 8.6% 7. 8. 10.3% 14. 19.7% 19.8% 15. 13.4% 13.6% 13.4% 11.8% 11. 11.8% 12. 17.4% Karnataka Budget Analysis The Chief Minister and Finance Minister, Mr. H. D. Kumaraswamy presented the

More information

Issues in Health Care Financing and Provision in India. Peter Berman The World Bank New Delhi

Issues in Health Care Financing and Provision in India. Peter Berman The World Bank New Delhi Issues in Health Care Financing and Provision in India Peter Berman The World Bank New Delhi Financing and Provision of Health Care: Some Introductory Concepts Consider whole system Government and non-government,

More information

1,14,915 cr GoI allocations for Ministry of Rural Development (MoRD) in FY

1,14,915 cr GoI allocations for Ministry of Rural Development (MoRD) in FY BUDGET BRIEFS Vol 1/ Issue 9 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), GoI, 218-19 HIGHLIGHTS Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a flagship

More information

Table gives the rates of contribution of EPF, EPS, EDLI, and Administrative Charges: Contribution

Table gives the rates of contribution of EPF, EPS, EDLI, and Administrative Charges: Contribution The Employees Provident Fund & Miscellaneous Provisions Act was come into force from 4th March, 1952. The EPF was instituted by an Act for providing Social Security benefits to the work force engaged in

More information

State Government Borrowing: April September 2015

State Government Borrowing: April September 2015 November 5, 2015 Economics State Government Borrowing: April September 2015 State Development Loans (SDL) are debt issued by state governments to fund their fiscal deficit. States in India like the centre,

More information

Board Presentation Quarter / Year ended 31 st March TH APRIL 2016

Board Presentation Quarter / Year ended 31 st March TH APRIL 2016 Board Presentation Quarter / Year ended 31 st March 2016 19 TH APRIL 2016 1 SUMMARY FINANCIAL STATEMENT Amounts In Rs. Lakhs Financial Snapshot * Figures are annualized Quarter Ended Q-o-Q Year Ended

More information

Q4 FY 13. Investor Information

Q4 FY 13. Investor Information Q4 FY 13 Investor Information Key Messages : FY 13 Retail Advance grew by 25.47% (12.58%) SME Advance grew by 22.44% (9.49%) Retail & SME Customer base increased by 79.8% in 12 months (32.90%) Other Income

More information

TRENDS IN SOCIAL SECTOR EXPENDITURE - AN INTER STATE COMPARISON

TRENDS IN SOCIAL SECTOR EXPENDITURE - AN INTER STATE COMPARISON TRENDS IN SOCIAL SECTOR EXPENDITURE - AN INTER STATE COMPARISON Mercy W.J Social sector public outlay and social development An inter state comparison Thesis. Department of Economics, Dr. John Matthai

More information

Federation Of Bank Of India Staff Unions

Federation Of Bank Of India Staff Unions Federation Of Bank Of India Staff Unions (Regd. Number 9385 ) Regd. Office: C/o Bank of India Bldg, Mahatma Gandhi Road.Fort, Mumbai- 400023 Office of the General Secretary : C/o Bank of India, Bokaro

More information

Bihar Budget Analysis

Bihar Budget Analysis -1. -0. 1.6% 4. 6.6% 5. 4.9% 8. 7. 10. 10. 14. Bihar Budget Analysis The Finance Minister of Bihar, Mr. Sushil Kumar Modi, presented the Budget for financial year on February 27, 2018. Budget Highlights

More information

THE POWER OF BEING UNDERSTOOD

THE POWER OF BEING UNDERSTOOD THE POWER OF BEING UNDERSTOOD www.rsmindia.in SOME RECENT CHANGES / PROPOSALS IN LABOUR LAWS IN INDIA () 1.0 Background In India, the Employees Provident Fund is a very important and secured form of Social

More information

National Rural Employment Guarantee Act (NREGA 2005) Santosh Mehrotra Senior Adviser (Rural Development) Planning Commission Government of India

National Rural Employment Guarantee Act (NREGA 2005) Santosh Mehrotra Senior Adviser (Rural Development) Planning Commission Government of India National Rural Employment Guarantee Act (NREGA 2005) Santosh Mehrotra Senior Adviser (Rural Development) Planning Commission Government of India 1 30 yr history of WEPs but Problems Low programme coverage

More information

Session 1: Domestic resource mobilization. Presentation

Session 1: Domestic resource mobilization. Presentation MINISTRY OF FINANCE REPUBLIC OF INDONESIA Asia-Pacific Outreach Meeting on Sustainable Development Financing 10-11 June 2014 Djuanda Hall, Ministry of Finance Complex, Jakarta Session 1: Domestic resource

More information

In the estimation of the State level subsidies, the interest rates that have been

In the estimation of the State level subsidies, the interest rates that have been Subsidies of the State Governments s ubsidies provided by the State governments have been estimated for 15 major States for 1993-94. As explained earlier, the major data source is the Finance Accounts

More information

GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA

GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA-700015 ADDENDUM TO TRADE CIRCULAR NO. 07/2017 DATED 19.07.2017 DATED: 28.08.2017 Subject: Clarification on issues

More information

Civil Service Pension Reform: Time to Act By Mukul Asher and Deepa Vasudevan 1

Civil Service Pension Reform: Time to Act By Mukul Asher and Deepa Vasudevan 1 Civil Service Pension Reform: Time to Act By Mukul Asher and Deepa Vasudevan 1 (Published in Economic and Political Weekly, Vol.39, No.51, December 18-24, 2004, pp 5363-5365) The urgency of implementing

More information

The Right to Information Act, 2005

The Right to Information Act, 2005 (i) The Right to Information Act, 2005 Information regarding World Bank assisted ICDS Project Section: 4.(1) (b) Particulars of its organization, functions and duties; The Central Project Management Unit

More information

Eligible students have to contact our branches where they have availed/availing loans.

Eligible students have to contact our branches where they have availed/availing loans. Eligible students have to contact our branches where they have availed/availing loans. The last date for Banks to submit subsidy claims to Nodal Bank is 31.08.2014. Hence, we advise the students to submit

More information

Audit perspective.. The Payment of Bonus Act,1965. The Employees State Insurance Act,1948. The Employee Provident Fund Act,1952

Audit perspective.. The Payment of Bonus Act,1965. The Employees State Insurance Act,1948. The Employee Provident Fund Act,1952 Audit perspective.. The Payment of Bonus Act,1965 The Employees State Insurance Act,1948 The Employee Provident Fund Act,1952 The Payment of Gratuity Act,1972 By Dharmendra Kapoor, ACA December 04 th,2010

More information

OUTSTANDING GOVERNMENT DEBT

OUTSTANDING GOVERNMENT DEBT 48 CCIL ISIN Monthly Newsletter d OUTSTANDING GOVERNMENT DEBT TABLE 3: OUTSTANDING GOVERNMENT DEBT Yield Yield (Previous Month) Mod V+ ( V- ( Modified 100bps 100bps Expected price a 100bps rise in yield

More information

Background note Special Economic Zones in India

Background note Special Economic Zones in India Background note Special Economic Zones in India Introduction: India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia

More information

Earnings Presentation Q2FY19

Earnings Presentation Q2FY19 Earnings Presentation Q2FY19 www.repcohome.com Agenda Q2FY19 Performance Business summary.. Financial performance for Q2FY19 Borrowing profile.... Geographic Presence Footprint... Region-wise loan book..

More information

Ref : 782/M/ dated 23 rd March To, Commissioner of Commercial Taxes Government of West Bengal 14, Beliaghata Road, Kolkatta

Ref : 782/M/ dated 23 rd March To, Commissioner of Commercial Taxes Government of West Bengal 14, Beliaghata Road, Kolkatta To, Commissioner of Commercial Taxes Government of West Bengal 14, Beliaghata Road, Kolkatta 700 015 Ref : 782/M/2008-09 dated 23 rd March 2009 Dear Sir RE: NOTICE U/S 66 OF WBVAT ACT REPRESENTATION Builders

More information

RBI/2004/201 DCM(CC)No.G- 1 / / July1, 2004

RBI/2004/201 DCM(CC)No.G- 1 / / July1, 2004 RBI/2004/201 DCM(CC)No.G- 1 /03.35.01/2004-05. July1, 2004 1. The Chairman & Managing Director/ Chief Executive Officer (All Banks having Currency Chests) 2. Directors of Treasuries (State Governments

More information

LIBRARY NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY 18/2- SATSANG VIHAR MARG, SPECIAL INSTITUTIONAL AREA,

LIBRARY NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY 18/2- SATSANG VIHAR MARG, SPECIAL INSTITUTIONAL AREA, LIBRARY NATIONAL INSTITUTE OF PUBLIC FINANCE AND POLICY 18/2- SATSANG VIHAR MARG, SPECIAL INSTITUTIONAL AREA, New Delhi-110067 1 CURRENT AWARENESS SERVICE [ New Arrivals of Books & Reports ] [ Volume 14;

More information

Earnings Presentation Q4FY18

Earnings Presentation Q4FY18 Earnings Presentation Q4 www.repcohome.com Agenda Q4 Performance Business summary.. Financial performance for Q4 Borrowing profile.... Geographic Presence Footprint... Region-wise loan book.. Annexure

More information

ROLE OF PRIVATE SECTOR BANKS FOR FINANCIAL INCLUSION

ROLE OF PRIVATE SECTOR BANKS FOR FINANCIAL INCLUSION 270 ROLE OF PRIVATE SECTOR BANKS FOR FINANCIAL INCLUSION ABSTRACT DR. BIMAL ANJUM*; RAJESHTIWARI** *Professor and Head, Department of Business Administration, RIMT-IET, Mandi Gobindgarh, Punjab. **Assistant

More information

Towards a Payroll Reporting in India (Full Report)

Towards a Payroll Reporting in India (Full Report) A Study by Indian Institute of Management, Bangalore & State Bank of India Towards a Payroll Reporting in India (Full Report) Prof. Pulak Ghosh (Professor, IIM Bangalore) & Dr. Soumya Kanti Ghosh (Group

More information

IOPS COUNTRY PROFILE: INDIA INDIA: COUNTRY PENSION DESIGN

IOPS COUNTRY PROFILE: INDIA INDIA: COUNTRY PENSION DESIGN 1 IOPS COUNTRY PROFILE: INDIA DEMOGRAPHICS AND MACROECONOMICS GDP per capita (USD) 1,269 GDP growth (%) 7.1 Population (billion) 1.2108 Labour force (000s) 730072 Population over 60 (% of total) 8.58 Inflation

More information

Total number of Pages - 05 ENFORCEMENT OF RIGHTS CONFERRED TO LABOUR UNDER VARIOUS ACTS & LAWS : RESPONSIBILITY OF PRINCIPAL EMPLOYER

Total number of Pages - 05 ENFORCEMENT OF RIGHTS CONFERRED TO LABOUR UNDER VARIOUS ACTS & LAWS : RESPONSIBILITY OF PRINCIPAL EMPLOYER Total number of Pages - 05 Tele : 23019646 Policy No 11/2017 E2 Works (PPC) Sub Dte Dte of Works, E-in-C's Branch Integrated HQ of MoD (Army) Kashmir House, Rajaji Marg, New Delhi 110011. A/37696/Gen/Pol/E2W

More information

1,07,758 cr GoI allocations for Ministry of Rural Development (MoRD) in FY

1,07,758 cr GoI allocations for Ministry of Rural Development (MoRD) in FY BUDGET BRIEFS Vol 10/ Issue 9 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), GoI, 2017-18 HIGHLIGHTS Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a flagship

More information

14 th Finance Commission: Review and Outcomes. Economics. February 25, 2015

14 th Finance Commission: Review and Outcomes. Economics. February 25, 2015 February 25, 2015 Economics 14 th Finance Commission: Review and Outcomes The 14th Finance Commission (FFC) was constituted on 2nd January, 2013 and submitted its report on 15 th December, 2014. The recommendations

More information

4.4 Building Name 4.5 Block/Sector. 4.8 City 4.9 State Code (Refer to State Code in instructions)

4.4 Building Name 4.5 Block/Sector. 4.8 City 4.9 State Code (Refer to State Code in instructions) FORM No. 61A [See rule 114E] Annual Information Return under section 285BA of the Income -tax Act, 1961 (PART-A) Please see the instructions and fill up relevant columns 1. Name of the person (in block

More information

6. COMPOSITION OF REGISTERED DEALERS AND ASSESSEES IN TAMIL NADU

6. COMPOSITION OF REGISTERED DEALERS AND ASSESSEES IN TAMIL NADU 6. COMPOSITION OF REGISTERED DEALERS AND ASSESSEES IN TAMIL NADU Trends in_ Sale_s_ T_ax_R.egi strati on The total number of registered dealers in the State under the Tamil Nadu General Sales Tax Act (TNGST

More information

FORM L-1-A : Revenue Account. FORM L-1-A : Revenue Account UP TO THE QUARTER ENDED ON JUNE Non Participating (Linked) Total

FORM L-1-A : Revenue Account. FORM L-1-A : Revenue Account UP TO THE QUARTER ENDED ON JUNE Non Participating (Linked) Total Insurer : DHFL Pramerica Insurance Company Limited Registration No. 140 ; Date of Registration with the IRDAI: June 27, 2008 Revenue Account For the quarter Ended June 30, 2017 FORM L-1-A : Revenue Account

More information

Investor Presentation Q3 FY 12

Investor Presentation Q3 FY 12 Investor Presentation Q3 FY 12 Performance Highlights Profitability Measure ROA 1.30 1.44 1.41 11.37 14.29 14.56 Shareholder Value Measure ROE 37.30 38.91 37.13 Efficiency Measure COST-INCOME 0.81 0.58

More information

Himachal Pradesh Budget Analysis

Himachal Pradesh Budget Analysis -4.9% -3.2% 3.9% 9. 10.4% 7.2% 10.2% 10. 10.8% 7.5% 9.1% 6.9% Himachal Pradesh Budget Analysis The Finance Minister of Himachal Pradesh, Mr. Jai Ram Thakur, presented the Budget for financial year on March

More information

FEE RULES. o Samples/models actual cost; o Postal charges additional; o Inspection of records 1st hour free and Rs 5 for each subsequent 15 mins.

FEE RULES. o Samples/models actual cost; o Postal charges additional; o Inspection of records 1st hour free and Rs 5 for each subsequent 15 mins. FEE RULES Government Andhra Pradesh Application Fees No fee at village level; Rs 5 at mandal level; Rs 10 for all other public Additional Fees o A4/A3 paper Rs 2 per o Larger paper actual cost; o Priced

More information

CHAPTER 17 COMPANIES

CHAPTER 17 COMPANIES CHAPTER 17 COMPANIES A company comes into existence only when it has been registered after completion of all formalities required by the Indian Companies Act, 1956. A company has its own separate existence

More information

Sub: Investor Presentation on financial results for the Quarter ended 30 June 2018

Sub: Investor Presentation on financial results for the Quarter ended 30 June 2018 Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65921N2000PLC044655 RHE'L/SE/17/2018-19 August 13, 2018 National Stock Exchange of India Limited, Exchange

More information

Earnings Presentation Q1FY19

Earnings Presentation Q1FY19 Earnings Presentation www.repcohome.com Agenda Performance Business summary.. Financial performance for Borrowing profile.... Geographic Presence Footprint... Region-wise loan book.. Annexure Performance

More information

CONTENTS AT A GLANCE DIRECT TAX INDIRECT TAX CORPORATE LAWS

CONTENTS AT A GLANCE DIRECT TAX INDIRECT TAX CORPORATE LAWS November 2016 / Volume VIII / ASA The key amendments introduced in statutes, policies and procedures in respect of Direct Tax, Indirect Tax, Corporate Laws & Accounting Standards, Foreign Exchange Management

More information

Repco Home Finance Limited Earnings Presentation Q3FY17

Repco Home Finance Limited Earnings Presentation Q3FY17 Repco Home Finance Limited Earnings Presentation Q3FY17 www.repcohome.com Agenda Q3Y17 Performance Business summary.. Financial performance for Q3 & 9MFY17 Asset quality. Diversified source of funding......

More information

STATE DOMESTIC PRODUCT

STATE DOMESTIC PRODUCT CHAPTER 4 STATE DOMESTIC PRODUCT The State Domestic Product (SDP) commonly known as State Income is one of the important indicators to measure the economic development of the State. In the context of planned

More information

PERIODIC DISCLOSURES FORM NL-1-A-REVENUE ACCOUNT TATA AIG GENERAL INSURANCE COMPANY LIMITED IRDAI Registration No. 108, dated January 22, 2001

PERIODIC DISCLOSURES FORM NL-1-A-REVENUE ACCOUNT TATA AIG GENERAL INSURANCE COMPANY LIMITED IRDAI Registration No. 108, dated January 22, 2001 FORM NL-1-A-REVENUE ACCOUNT IRDAI Registration No. 18, dated January 22, 21 1 Premium earned (Net) NL-4- Premium Schedule 2 Profit/ Loss on sale/redemption of Investments Schedule REVENUE ACCOUNT FOR THE

More information

ROAD DEVELOPMENT IN INDIA

ROAD DEVELOPMENT IN INDIA ROAD DEVELOPMENT IN INDIA - 2010 This report is the most up-to-date and comprehensive review of the Indian road sector. The report provides: The latest status of projects, programmes and policies (as on

More information

10+ Years of PETS What We Have Learned. Ritva Reinikka The World Bank June 19, 2008

10+ Years of PETS What We Have Learned. Ritva Reinikka The World Bank June 19, 2008 10+ Years of PETS What We Have Learned Ritva Reinikka The World Bank June 19, 2008 Principal Agent: Relationships of accountability have five features Delegating Actors (principals) including clients,

More information

Renewable Energy Certificates: Inches Away From Implementation

Renewable Energy Certificates: Inches Away From Implementation Renewable Energy Certificates: Inches Away From Implementation September saw a flurry of legislative activity, including the First Amendment of the Terms & Conditions for REC Recognition and Issuance by

More information

Goods and Services Tax in India Current Update

Goods and Services Tax in India Current Update Goods and Services Tax in India Current Update Santosh Dalvi Partner and Deputy National Head Indirect tax, KPMG in India 8 December 2018 Setting the Context 50% increase in unique indirect taxpayers under

More information

XVII. STATUTORY FINANCIAL CORPORATIONS. TABLE 17.1 INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. FINANCIAL ASSISTANCE TO INDUSTRIES (Rs.

XVII. STATUTORY FINANCIAL CORPORATIONS. TABLE 17.1 INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. FINANCIAL ASSISTANCE TO INDUSTRIES (Rs. XVII. STATUTORY FINANCIAL CORPORATIONS TABLE 17.1 INDUSTRIAL FINANCE CORPORATION OF INDIA LTD. FINANCIAL ASSISTANCE TO INDUSTRIES (Rs.crore) Sanctions for Cumulative sanctions the period as on Industry

More information

Telangana Budget Analysis

Telangana Budget Analysis -5.8% -4.9% -2.9% 3.6% 6.8% 6. 6.1% 12.9% 6.2% 11. 8.6% 12.2% 10.2% 10.1% 11.1% 10.4% Budget Analysis The Finance Minister of, Mr. Eatala Rajender, presented the Budget for financial year on March 15,

More information

Rich-Poor Differences in Health Care Financing

Rich-Poor Differences in Health Care Financing Rich-Poor Differences in Health Care Financing Role of Communities and the Private Sector Alexander S. Preker World Bank October 28, 2003 Flow of Funds Through the System Revenue Pooling Resource Allocation

More information

Beginning of Payroll Reporting in India

Beginning of Payroll Reporting in India Indian Institute of Management, Bangalore & State Bank of India, Mumbai Beginning of Payroll Reporting in India Prof. Pulak Ghosh (Professor, IIM Bangalore) & Dr. Soumya Kanti Ghosh (Group Chief Economic

More information

Inclusive Development in Bihar: The Role of Fiscal Policy. M. Govinda Rao

Inclusive Development in Bihar: The Role of Fiscal Policy. M. Govinda Rao Inclusive Development in Bihar: The Role of Fiscal Policy M. Govinda Rao Introduction Fiscal policy is a means to achieving inclusive growth. Despite impressive growth performance, uneven regional spread.

More information

Labour Regulations: Coverage in North East India

Labour Regulations: Coverage in North East India Labour Regulations: Coverage in North East India Jesim Pais Institute for Studies in Industrial Development New Delhi Presentation at the Conference on India s Look East Policy Challenges for Sub-Regional

More information

Note on ICP-CPI Synergies: an Indian Perspective and Experience

Note on ICP-CPI Synergies: an Indian Perspective and Experience 2 nd Meeting of the Country Operational Guidelines Task Force March 12, 2018 World Bank, Washington, DC Note on ICP-CPI Synergies: an Indian Perspective and Experience 1. Meaning and Scope 1.1 International

More information

India Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDIA 2017

India Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDIA 2017 India Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in India 4 3.0 Visas and Work Permits 5 4.0 Tax and Social

More information

Modalities for implementation of Workshed Scheme for Khadi Artisans regarding.

Modalities for implementation of Workshed Scheme for Khadi Artisans regarding. KHADI AND VILLAGE INDUSTRIES COMMISSION DIRECTORATE OF KHADI COORDINATION 3, IRLA ROAD, VILE PARLE (WEST), MUMBAI-56 Telefax +91-22-2671 5860 e-mail: sksinha@kvic.gov.in Web: www.kvic.org.in No. DKC/Workshed

More information

Schemes->Margin Money Scheme of Khadi & Village Industries Commission (KVIC) MARGIN MONEY SCHEME OF KHADI & VILLAGE INDUSTRIES COMMISSION (KVIC)

Schemes->Margin Money Scheme of Khadi & Village Industries Commission (KVIC) MARGIN MONEY SCHEME OF KHADI & VILLAGE INDUSTRIES COMMISSION (KVIC) Schemes->Margin Money Scheme of Khadi & Village Industries Commission (KVIC) MARGIN MONEY SCHEME OF KHADI & VILLAGE INDUSTRIES COMMISSION (KVIC) Implementing Agency Official(s) to be contacted Khadi &

More information

Gujarat Budget Analysis

Gujarat Budget Analysis Gujarat Budget Analysis The Finance Minister of Gujarat, Mr. Nitin Patel, presented the Budget for financial year on February 20, 2018. Budget Highlights The Gross State Domestic Product of Gujarat for

More information

IRDA PUBLIC DISCLOSURES FOR THE QUARTER ENDED JUNE 30, 2014

IRDA PUBLIC DISCLOSURES FOR THE QUARTER ENDED JUNE 30, 2014 IRDA PUBLIC DISCLOSURES FOR THE QUARTER ENDED JUNE 30, 2014 Name of the Insurer: HDFC Standard Life Insurance Company Limited Registration Number and Date of Registration with the IRDA : 101 dated 23rd

More information

STATUTORY FORMS AND RETURNS. Required to be filed and maintained under various Enactments in Andhra Pradesh

STATUTORY FORMS AND RETURNS. Required to be filed and maintained under various Enactments in Andhra Pradesh STATUTORY FORMS AND RETURNS Required to be filed maintained under various Enactments in Andhra Pradesh SL. Frequency of Filing 1 The Apprentices Act 1961 The Apprenticeship Rules,1992 [as amended in 2007]

More information

Analyzing Data of Pradhan Mantri Jan Dhan Yojana

Analyzing Data of Pradhan Mantri Jan Dhan Yojana Technical Report 217 Analyzing Data of Pradhan Mantri Jan Dhan Yojana Tulika Dutta and Ashish Das Department of Mathematics Indian Institute of Technology Bombay Mumbai-476, India May 217 Indian Institute

More information

Equitas Holdings Limited Investor Presentation Q3FY17

Equitas Holdings Limited Investor Presentation Q3FY17 Equitas Holdings Limited Investor Presentation Q3FY17 1 Mission Empowering through Financial Inclusion Vision To Serve 5% of Indian Households by 2025 Values Fair and Transparent 2 Highlights Q3FY17 Rs.7,181

More information

Corporate Law Alert February 1, J. Sagar Associates advocates and solicitors. External Commercial Borrowing

Corporate Law Alert February 1, J. Sagar Associates advocates and solicitors. External Commercial Borrowing External Commercial Borrowing The Reserve Bank of India (RBI) had vide A.P. (DIR Series) Circular No. 27 dated September 23, 2011 enhanced the External Commercial Borrowing (ECB) limits for eligible borrowers

More information

Disclosures - LIFE INSURANCE COMPANIES- WEBSITE

Disclosures - LIFE INSURANCE COMPANIES- WEBSITE Disclosures - LIFE INSURANCE COMPANIES- WEBSITE Form NO. L-1-A-RA L-2-A-PL L-3-A-BS L-4-PREMIUM SCHEDULE L-5-COMMISSION SCHEDULE L-6-OPERATING EXPENSES SCHEDULE L-7-BENEFITS PAID SCHEDULE L-8-SHARE CAPITAL

More information

CRISIL SME Ratings: Facilitating Growth and Access to Finance for MSMEs

CRISIL SME Ratings: Facilitating Growth and Access to Finance for MSMEs Presentation to ICAI Western India Regional Council, Mumbai CRISIL SME Ratings: Facilitating Growth and Access to Finance for MSMEs Yogesh Dixit Director-SME Ratings, CRISIL Somasekhar Vemuri Director-Criteria

More information

Investor Presentation March-2014

Investor Presentation March-2014 Investor Presentation March-2014 1 IMPORTANT NOTICE No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness

More information

6,908 cr GoI allocations for Ministry of Social Justice and Empowerment (MSJE) in FY

6,908 cr GoI allocations for Ministry of Social Justice and Empowerment (MSJE) in FY BUDGET BRIEFS Vol 10/ Issue 5 Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) GoI, 2017-18 The Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) is a Central Sector

More information

Parallel Session 5: FDI and development

Parallel Session 5: FDI and development ASIA-PACIFIC RESEARCH AND TRAINING NETWORK ON TRADE ARTNeT CONFERENCE ARTNeT Trade Economists Conference Trade in the Asian century - delivering on the promise of economic prosperity 22-23 rd September

More information

IRDA Public Disclosures

IRDA Public Disclosures IRDA Public Disclosures QUARTER ENDED 31st MARCH 2018 Aviva Life Insurance Company India Limited S. No. Form No. Description Page No. 1 L-1 REVENUE ACCOUNT 1-2 2 L-2 PROFIT & LOSS ACCOUNT 3 3 L-3 BALANCE

More information

Employment and Inequalities

Employment and Inequalities Employment and Inequalities Preet Rustagi Professor, IHD, New Delhi. Round Table on Addressing Economic Inequality in India Bengaluru, 8 th January 2015 Introduction the context Impressive GDP growth over

More information

... (Please leave one blank box between two words) 2. Permanent Account Number (PAN) of the person (see instructions)

... (Please leave one blank box between two words) 2. Permanent Account Number (PAN) of the person (see instructions) FORM NO. 66 [See rule 114E of income-tax rules, 1962] Annual Information Return under section 285BA of the Income-tax Act, 1961 (PART-A) Please see the instructions and fill up relevant columns Name of

More information

BUDGET BRIEFS Vol 9/Issue 3 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) GOI, ,07,758 cr

BUDGET BRIEFS Vol 9/Issue 3 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) GOI, ,07,758 cr BUDGET BRIEFS Vol 9/Issue 3 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) GOI, 2017- HIGHLIGHTS 1,07,758 cr Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is

More information

Centre to conduct vulnerability line mapping of coast: Ramesh

Centre to conduct vulnerability line mapping of coast: Ramesh Media articles on the Coastal Regulation Zone (CRZ) Consultations held in Puri on 16 January, 2010 http://www.hinduonnet.com/2010/01/17/stories/2010011756170700.htm Centre to conduct vulnerability line

More information

Forthcoming in Yojana, May Composite Development Index: An Explanatory Note

Forthcoming in Yojana, May Composite Development Index: An Explanatory Note 1. Introduction Forthcoming in Yojana, May 2014 Composite Development Index: An Explanatory Note Bharat Ramaswami Economics & Planning Unit Indian Statistical Institute, Delhi Centre In May 2013, the Government

More information

PRODUCTS* AND SERVICES

PRODUCTS* AND SERVICES PRODUCTS* AND SERVICES ICICIdirect.com has pioneered a range of products and services that help you grow your investments and achieve your financialgoals withease. This booklet gives you an understanding

More information

INDIRECT TAXES UPDATE 136

INDIRECT TAXES UPDATE 136 INDIRECT TAXES UPDATE 136 Central Excise Detailed Scrutiny of Central Excise Returns 1. Guidelines for Detailed Scrutiny of Central Excise Returns prescribed Return scrutiny is the first line of verification

More information