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Sunday, October 4, 2015

Govt to soon make PAN must for cash spending beyond a limit

New Delhi: To check generation of domestic black money, the government will soon make it mandatory to furnish PAN card details for cash transactions beyond a certain threshold, finance minister Arun Jaitley said on Sunday.

“The government is at an advanced stage in considering the requirement of furnishing PAN card details if cash transactions beyond a certain limit are undertaken,” Jaitley said in a Facebook post. He said the monitoring regime of the income tax department has been strengthened and its capacity to access information and apply technology driven analytical tools to expose evasion, has been enhanced.

“Its ability to detect large cash withdrawals, or large cash transactions which enter the system, is being strengthened. GST regime once introduced will also be a landmark step in this direction. “Thus for commodities like gold where the initial purchase by the exporter is after the payment of custom duty, the subsequent transactions which are mostly in cash, can easily be found out,” Jaitley said.

In 2015-16 Budget, the finance minister had proposed making quoting of Permanent Account Number (PAN) mandatory for all sale and purchase of over Rs1 lakh. “Quoting of PAN is being made mandatory for any purchase or sale exceeding the value of Rs1 lakh. The third party reporting entities would be required to furnish information about foreign currency sales and cross border transactions,” Jaitley had said.

Saturday, October 3, 2015

Aapodiya Paddya- Ranjan Barthakur ASP Logistics & MBC Guwahati

NH upgrade: 22,000 km to be made four-lane And 50,000 km addition to NH Network

The roads ministry is ready with a proposal for upgrading 22,000 km of national highways at an estimated cost of Rs 4 lakh crore over the next five years and will soon seek cabinet approval to lower the current traffic threshold for upgrading two-lane national highways to four-lane highways. The clearance is expected to come later this month.

The 22,000 km to be taken up for upgradation account for over a fifth of the current NH network of 100,000 km. According to MoRTH data, 30 per cent of the existing national highways have less than two lanes, 48 per cent have two lanes and 22 per cent have four lane and more.

The 22,000 km planned for upgrade are in addition to the 50,000 km that the roads ministry will add to the national highways network. This includes projects under the Bharat Mala programme, roads being considered for connecting district headquarters, backward areas and religious/ tourist centres, and state highways identified for addition to the NH network by the end of the fiscal year.

Thursday, October 1, 2015

Declaration of Assets and Liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013

Declaration of Assets and Liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013 to be submitted to the competent authority on or before the 15th day of October, 2015.

For forms in Excel FormatCLICK HERE

Representation from Govt Servant on service matters-reiteration of instructions- regarding

Ministry of Personal, Public Grievances and Pension, F No 11013/08/2013-Estt (A-III) dated 31/08/2015

CLICK HERE to view