Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others on 13.11.2015
Change in Tariff Value of
Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD
Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades),
Poppy Seeds, Areca Nuts, Gold and Silver Notified
With a view to
maximizing economic impact mainly through infrastructure development in
commercially viable projects, both greenfield and brownfield, including stalled
projects, Government has approved the creation of National Investment and
Infrastructure Fund (NIIF) which aims to attract investment from both domestic
and international sources.
A contributory and
determinate investment trust called National Investment and Infrastructure Fund
(the “Fund” or the “Trust”) under the provisions of the Indian Trusts
Act, 1882 has been registered. Secretary, Department of Economic Affairs,
Ministry of Finance, is the Settlor of the Trust.
To oversee the
activities of the NIIF, it has been decided to constitute a Governing Council
with the following composition:-
(i) Finance
Minister
- Chairman
(ii) Secretary,
DEA
- Member
(iii) Secretary,
Financial
Services
- Member
(iv) Ms
Arundhati
Bhattacharya
- Member
(v) Shri
Hemendra
Kothari
- Member
(vi) Shri
T.V. Mohandas Pai
- Member
The mandate of the
Governing Council includes the approval of the following matters:
a.
Guidelines for Investment of Trust property/Corpus of NIIF;
b.
Parameters for appointment and performance of investment managers/ advisors;
c. Any
other matter related or incidental thereto.
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CBDT to set-up a 'Taxpayers'
Lounge' at the India International Trade Fair - 2015 to Highlight the Various
Taxpayer-Friendly Initiatives Taken by the Department Among Others
The Income Tax
Department will be setting-up a 'Taxpayers' Lounge' at the India International
Trade Fair (IITF) - 2015 at Pragati Maidan, in national capital from 14th to
27th November, 2015.
The theme of the Taxpayers' Lounge this year would follow the theme of IITF 2015 i.e. 'Make in India' and aims to generate awareness in the public about the various taxpayer-friendly initiatives taken by the Department. Besides it, various tax payers services would also be provided at the Taxpayers' Lounge for the benefit of people at large including e-filing of returns, viewing of tax credit through 26AS, applications for PAN and services of Tax Return Preparers among others. Services delivered at Ayakar Seva Kendras (ASK) will also be showcased to the public. The Lounge will also highlight the contribution of taxes and the Income Tax Department to nation building. Activities such as Nukkad Natak, Drawing Competition and Quiz Contest will be carried-out to engage with school children and youth, who are potential taxpayers of the future. The Lounge will also feature live caricatures by Shri B. Sajiv, Assistant Commissioner of Income Tax.
The Taxpayers' Lounge will be inaugurated at Hall 12, Pragati Maidan on 14th November, 2015 at 4.00 pm by Ms. Anita Kapur, Chairperson,Central Board of Direct Taxes (CBDT) in the presence of senior officials of CBDT and the Income Tax Department.
The theme of the Taxpayers' Lounge this year would follow the theme of IITF 2015 i.e. 'Make in India' and aims to generate awareness in the public about the various taxpayer-friendly initiatives taken by the Department. Besides it, various tax payers services would also be provided at the Taxpayers' Lounge for the benefit of people at large including e-filing of returns, viewing of tax credit through 26AS, applications for PAN and services of Tax Return Preparers among others. Services delivered at Ayakar Seva Kendras (ASK) will also be showcased to the public. The Lounge will also highlight the contribution of taxes and the Income Tax Department to nation building. Activities such as Nukkad Natak, Drawing Competition and Quiz Contest will be carried-out to engage with school children and youth, who are potential taxpayers of the future. The Lounge will also feature live caricatures by Shri B. Sajiv, Assistant Commissioner of Income Tax.
The Taxpayers' Lounge will be inaugurated at Hall 12, Pragati Maidan on 14th November, 2015 at 4.00 pm by Ms. Anita Kapur, Chairperson,Central Board of Direct Taxes (CBDT) in the presence of senior officials of CBDT and the Income Tax Department.
***********
Governing Council Constituted
to Oversee the Activities of the National Investment and Infrastructure Fund
(NIIF) Under the Chairmanship of Finance Minister
With a view to
maximizing economic impact mainly through infrastructure development in
commercially viable projects, both greenfield and brownfield, including stalled
projects, Government has approved the creation of National Investment and
Infrastructure Fund (NIIF) which aims to attract investment from both domestic
and international sources.
A contributory and
determinate investment trust called National Investment and Infrastructure Fund
(the “Fund” or the “Trust”) under the provisions of the Indian
Trusts Act, 1882 has been registered. Secretary, Department of Economic
Affairs, Ministry of Finance, is the Settlor of the Trust.
To oversee the
activities of the NIIF, it has been decided to constitute a Governing Council
with the following composition:-
(i) Finance
Minister
- Chairman
(ii) Secretary,
DEA
- Member
(iii) Secretary,
Financial Services
- Member
(iv) Ms
Arundhati
Bhattacharya
- Member
(v) Shri
Hemendra
Kothari
- Member
(vi) Shri
T.V. Mohandas Pai
- Member
The mandate of the
Governing Council includes the approval of the following matters:
a.
Guidelines for Investment of Trust property/Corpus of NIIF;
b.
Parameters for appointment and performance of investment managers/ advisors;
c. Any
other matter related or incidental thereto.
************
Finance Minister to Leave for
Two Day Official Visit to UAE on Sunday, 15 th November, 2015
The Union Finance
Minister Shri Arun Jaitley will leave on Sunday, 15th November, 2015 on a two
day official visit to UAE. One of the main objectives of the Finance Minister’s
visit is to meet and apprise the UAE based investors about investment
opportunities in various sectors in India including infrastructure,
manufacturing, services and National Investment & Infrastructure Fund (NIIF)
among others. The present Government has taken various initiatives in the last
one and half year making India an attractive destination for investment. These
initiatives have resulted in making the Indian economy more stable and
reliable. Now policy decisions have become faster and predictable. Other major
initiatives include various tax rationalisation measures and opening-up of
different sectors of the economy for FDI among others.
During the first day of his official visit, the Finance Minister will be participating as the Chief Guest in UAE- India Economic Forum Meet in Dubai on Monday, 16th November, 2015. Thereafter, he will be calling on H.H. Sheikh Hamdan bin Rashid Al Maktoum, UAE Minister of Finance. He will also be attending an event organised by FICCI. Later in the evening, he will be interacting with Indian Community in Dubai.
On Tuesday, 17th November, 2015, the Finance Minister will leave for Abu Dhabi. During his visit to Abu Dhabi, the Finance Minister Shri Arun Jaitley will meet H.H.Sheikh Hamed bin Zayed Al Nahyan , Managing director of Abu Dhabi Investing Authority , (ADIA) and senior representatives of ADIA,ADIC,IPIC etc. Thereafter, he will call on H.H.General Sheikh Mohammed bin Zayed Al Nahyan, Crown Price of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. After completing his two day official visit to UAE, the Finance Minister will return to the National Capital on the morning of 18th November, 2015.
During the first day of his official visit, the Finance Minister will be participating as the Chief Guest in UAE- India Economic Forum Meet in Dubai on Monday, 16th November, 2015. Thereafter, he will be calling on H.H. Sheikh Hamdan bin Rashid Al Maktoum, UAE Minister of Finance. He will also be attending an event organised by FICCI. Later in the evening, he will be interacting with Indian Community in Dubai.
On Tuesday, 17th November, 2015, the Finance Minister will leave for Abu Dhabi. During his visit to Abu Dhabi, the Finance Minister Shri Arun Jaitley will meet H.H.Sheikh Hamed bin Zayed Al Nahyan , Managing director of Abu Dhabi Investing Authority , (ADIA) and senior representatives of ADIA,ADIC,IPIC etc. Thereafter, he will call on H.H.General Sheikh Mohammed bin Zayed Al Nahyan, Crown Price of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. After completing his two day official visit to UAE, the Finance Minister will return to the National Capital on the morning of 18th November, 2015.
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