extends | Common News Update

Feb272021 by adminNo Comments

Government extends deadline for filing declarations under VsV scheme till Mar 31, payment till Apr 30

Finance

The government has extended the last date for availing of the direct tax Vivaad Se Vishwas dispute resolution scheme to March 31, 2021, from the earlier date of February 28. This is the fifth extension of the scheme. Those willing to settle their tax disputes under the Direct Tax Vivad Se Vishwas Act can file their declarations till March 31 and pay the settled tax amount by April 30, 2021, the Central Board of Direct Taxes said in a notification Friday. “CBDT further extends the date for filing of declarations under the Vivaad Se Vishwas Act, 2020 to March 31, 2021. Date for payment without additional amount under VsV extended to 30th April, 2021,” the income tax department said in a Twitter post. So far 125,144 cases have opted for the scheme which is 24.5% of the entire long pending 510...

Dec232020 by adminNo Comments

SBI extends global trade finance solutions to Israeli corporates

Finance

TEL AVIV: State Bank of India is offering trade finance solutions and services to Israeli corporates to help them tap business potential arising out of recent Abraham accords leading to normalisation of ties between Israel and Arab states, a bank official said. International trade activities of later have picked up momentum after the unprecedented market shocks and resultant inactivity due to COVID-19 pandemic induced lockdowns and closures around the world, with optimistic outlook for the near to medium term, B V Ramana, the CEO of SBI Tel Aviv branch told PTI. "In view of the revival of business activity in the coming months with vaccine approvals being accorded by various governments around the world, we are offering our services/products to the Israeli business community at competitive...

Nov22020 by adminNo Comments

RBI extends deadline for banks’ compliance with new guidelines for existing current accounts

Finance

KOLKATA: The Reserve Bank of India has given more time to banks to comply with the revised current account opening norms to ease their operational glitches. The regulator changed the rules to prevent the misuse of the current account facility and fund duversions. The new deadline is December 15 instead of November 5. RBI suggested that banks should not route drawal from term loans through current accounts. Since term loans are meant for specific purposes, the funds should be remitted directly to the supplier of goods and services. The regulator also barred banks from opening current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system. It suggested that all such transactions shall be routed through the CC/OD acco...

Oct152020 by adminNo Comments

FDA extends pregnancy warning for common pain relievers

Health

U.S. health officials are expanding the time period that pregnant women should avoid pain relievers including Advil and AleveBy MATTHEW PERRONE AP Health WriterOctober 15, 2020, 10:03 PM• 2 min readShare to FacebookShare to TwitterEmail this articleWASHINGTON -- Pregnant women should avoid a group of common pain relievers including Advil and Aleve for the last four months of pregnancy, federal health officials said Thursday, expanding the warning from three months.The Food and Drug Administration said the fever-and-pain-reducing drugs can cause a rare but serious complication that can harm the fetus. They can lead to kidney problems in the fetus that can result in low levels of amniotic fluid that fills the womb.The warning applies to a family of anti-inflammatory drugs that includes both ...

Oct132020 by adminNo Comments

Government extends tenure of 3 executive directors of Canara Bank, Indian Overseas Bank

Finance

New Delhi: The government has extended the tenure of three executive directors of Canara Bank and Indian Overseas Bank for a period of two years, the lenders said on Monday. The tenure of executive directors Debashish Mukherjee and Matam Venkata Rao has been extended for two years, or until further orders, whichever is earlier beyond their currently notified terms which expire on February 18, 2021 and October 8, 2020, respectively, Canara Bank said in regulatory filings. The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank said. Chennai-headquartered Indian Overseas Bank (IOB) in a separate filing said the government has extended the term of Ajay Kumar Srivastava as executive director for a period ...