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Latest Updates On Banking Sector Policies, Appointments, And Financial Bureaucracy

IT Department CBDT
Banking

CBDT | Revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19

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Nirmala Sitharaman attends the Development Committee Meeting of the World Bank-IMF
Banking

Finance Minister attends the Development Committee Meeting of the World Bank-IMF

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RBI Governor Statement
Banking

RBI announces 2nd set of measures to preserve financial stability & help put money in the hands of the needy and disadvantaged

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Ministry of Corporate Affairs
Banking

MCA allows companies to hold EGMs through VC or OAVM complemented with e-Voting facility/simplified voting

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IT Department CBDT
Banking

IT Depts to release all pending income tax refunds up to 5 lakhs immediately , Approx 14 lakh taxpayers to benefit

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PM CARES Fund
Banking

Finance Ministry Officers & Staff , Financial Institutions & PSBs/Sector Banks/Enterprises contributes 430 Cr

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Crackdown on Unauthorized Occupants of Public Premises, go ahead by Cabinet
Banking

Cabinet approval for Non-operation of MPLADS for 2yrs (2020-21 & 2021-22) for managing COVID 19

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Income Tax Appellate Tribunal holds All India Video Conference
Banking

IT Appellate Tribunal holds All India VC on ‘The Direct Tax Vivad Se Vishwas Act, 2020’

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Central Board of Direct Taxes (CBDT)
Banking

CBDT | Orders u/s 119 of IT Act,1961 to mitigate hardships to taxpayers arising out of compliance of TDS/TCS provisions

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Home Affairs
Banking

MHA approves release of 11,092 Cr under State Disaster Risk Management Fund

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Companies Fresh Start Scheme, 2020
Banking

MCA introduces “Companies Fresh Start Scheme, 2020” & revised “LLP Settlement Scheme, 2020” to provide relief to law abiding companies & LLPs

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Insolvency and Bankruptcy Board of India (IBBI)
Banking

IBBI amends CIRP Regulations to provide relief in corporate insolvency resolution process

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