EPFO’s investment in corporate debt to reduce to 20%

EPFO’s investment in corporate debt to reduce to 20% 2017-18, the EPFO is estimated to receive Rs 1.28 trillion as contribution from employees The Employees’ Provident Fund Organisation (EPFO) will substantially reduce investing its incremental income in debt instruments due to paucity of corporate bonds in the market. The government had decided that EPFO will […]

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Errors in GST returns filing a hurdle in issuing tax refunds to exporters: CBEC

Errors in GST returns filing a hurdle in issuing tax refunds to exporters: CBEC Errors in GST returns, pertaining to either the summary of transactions, purchases, sales or a comprehensive filing of transactions are causing delays in processing claims, says CBEC chief Vanaja SarnaErrors in GST returns filing are coming in the way of disbursing […]

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RBI releases ombudsman scheme for NBFCs

RBI releases ombudsman scheme for NBFCs An RBI officer, not below the rank of general manager, will be appointed by the regulator as the ombudsman with territorial jurisdiction being specified by RBI The Reserve Bank of India (RBI) on Friday issued an ombudsman scheme for non-banking finance companies (NBFCs), offering a grievance redressal mechanism for […]

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