EPFO has also done away with the practice of filing utlisation certificates for advances taken from their PF accounts and can submit self-utlisation certificate.
The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.
The Centre has expanded the ambit of a panel looking into anomalies arising out of the implementation of the seventh Central Pay Commission’s recommendations.
Very soon, one would be able to transact - send and receive money - only on the basis of the Aadhaar number irrespective of the fact whether it is linked to a bank account or not.
General and life insurance companies will be able to engage actuaries as the regulator Irdai will soon form panel of such analysts.
The Ministry of Women and Child Development on Monday warned against spurious schemes offering cash incentives and collecting confidential information of people and duping them in the name of Beti Bacho Beti Padao scheme.
The remonetisation excercise is taking place fast as part of government's plan subsequent to the withdrawal of the specified bank notes of Rs 5,00 and Rs 1,000 from circulation on Novemenr 8, 2016.
Finance Secretary Ashok Lavas-led Allowances Committee reviewing the allowances under 7th Pay Commission is expected to announce its recommendations anytime soon.
Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its members.
The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months.
The Committee of Allowances appointed by Finance Ministry to review the allowances under 7th pay commission is likley to sub,it its report on February 20. The recommendations on allowances are expected to be effective from April 1, said the central government employees body National Council JCM.
The I-T Department on Friday said that more than 7 lakh assessees, out of 18 lakh who were sent SMS/emails for making suspicious deposits post demonetisation, have submitted their response.
Retirement fund body EPFO has extended the deadline for submitting Aaddhar by its about 50 lakh pensioners as well as around 4 crore subscribers till March 31 to help them get their benefits of social security schemes.
The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.
PNB Housing Finance' self-employed customers, who have taken loan of Rs 50 lakh and above, can now opt to pay lower repayments initially and step it up gradually as income increases.
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
Finance Minister Arun Jaitley on Wednesday said the currency is in surplus and the ministry is monitoring status of ATMs onm a daily basis to sort out operational issues.
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 percent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.
People will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification.