General

1 crore youth volunteers to achieve goals of Atmanirbhar Bharat

In a step to realise the vision of Union Minister of Youth Affairs and Sports Shri Kiren Rijiju to mobilise 1 crore youth volunteers in India and contribute to Prime Minister’s call for Atmanirbhar Bharat, the Ministry of Youth Affairs and Sports signed a Statement of Intent with YuWaah (a multi-stakeholder platform formed by the UNICEF) to work in partnership to promote volunteerism among the youth of India as well as to help them transition from education and learning to productive work, skilling and being active citizens. […]

General

Consumer Protection Act, 2019 comes into force from today

Consumer Protection Act,2019 comes in to force from today i.e. 20th July 2020. While briefing the media about the Consumer Protection Act, 2019 through video conference here today, the Union Minister for Consumer Affairs, Food & Public Distribution Shri Ram Vilas Paswan said that this new Act will empower consumers and help them in protecting their rights through its various notified Rules and provisions like Consumer Protection Councils, Consumer Disputes Redressal Commissions, Mediation, Product Liability and punishment for manufacture or sale of products containing adulterant / spurious goods. […]

Finance

Govt Announces Auction for Sale (Re-issue) GS 2025, GS 2034 and GS 2050 securities

The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘5.22% Government Stock, 2025’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘6.19 percent Government Stock, 2034’ for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) ‘7.16 per cent Government Stock, 2050’ for a notified amount of Rs 7,000 crore (nominal) through price based auction. […]

Finance

New Form 26AS is the Faceless hand-holding of the Taxpayers

The new Form 26AS is the faceless hand-holding of the taxpayers to e-file their income tax returns quickly and correctly. From this Assessment Year, taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers’ financial transactions as specified in the Statement of Financial Transactions (SFTs) in various categories. […]

Finance

CBDT refunds Rs. 71,229 crore

The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases upto 11th July, 2020, to help taxpayers with liquidity during COVID-19 pandemic, since the Government’s decision of 8th April, 2020 to issue pending income tax refunds at the earliest. […]