Supreme Court’s SC/ST Act ruling has diluted law, done great damage: Govt

Supreme Court’s SC/ST Act ruling has diluted law, done great damage: Govt The govt stressed that the Supreme Court judgement on SC/ST Act had diluted the provisions of the governing act, resulting in great damage to the country A recent Supreme Court ruling preventing automatic arrests in cases of atrocities against scheduled castes and scheduled […]

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RBI tightens monitoring of Liberalised Remittance Scheme for overseas money transferring

RBI tightens monitoring of Liberalised Remittance Scheme for overseas money transferring The Reserve Bank today tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroad in a year. The LRS transactions are currently permitted by banks based on the declaration made by the remitter.The monitoring […]

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Limits notified for tax breaks to angel investors

Limits notified for tax breaks to angel investors The notification says start-ups may avail of the tax concession only if total investment, including funding from angel investors does not exceed Rs 100 mn The government announced it had exempted investments by individuals in some categories of start-ups from the so-called ‘angel tax’.The notification says start-ups […]

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Centre, RBI step in as cash crunch hobbles ATMs across various states

Centre, RBI step in as cash crunch hobbles ATMs across various states Several states are facing cash shortage despite currency flow in the economy going back to the pre-demonetisation level The finance ministry held a meeting with the Reserve Bank of India (RBI), banks, and state government officials on Thursday to take stock of cash […]

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