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PM CARES Fund
The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 27 March 2020, following the COVID-19 pandemic in India. Although it is named for the Prime Minister of India, and uses the State Emblem of India, it is a private fund, used at the discretion of the Prime Minister and the Fund's trustees, and does not form a part of the Government of India's accounts. The Fund was established for the purpose of redressing the Covid-19 pandemic in India, in 2020. While complete documentation for the Fund's establishment has not been made public, the Government of India has stated that the Prime Minister of India, Narendra Modi, is the chairman of the fund, and that trustees include the Minister of Defence, Rajnath Singh; the Minister of Home Affairs, Amit Shah, the Minister of Finance, Nirmala Sitharaman, and several corporate leaders and industrialists, including Ratan Tata, and Sudha Murty. The total amount of funds donated and the na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister's Office (India)
The Prime Minister's Office (PMO) (IAST: ''Pradhānamantrī Kāryālaya'') consists of the immediate staff of the Prime Minister of India, as well as multiple levels of support staff reporting to the Prime Minister. The PMO is headed by the Principal Secretary, currently Pramod Kumar Misra. The PMO was originally called the Prime Minister's Secretariat until 1977, when it was renamed during the Morarji Desai ministry. It is part of the Government of India located in the South Block of the Secretariat Building. History During the tenure of Jawaharlal Nehru as Prime Minister, the then Prime Minister's Secretariat was headed by a Joint Secretary until his death. The post of Principal Secretary to Prime Minister was created during the tenure of Indira Gandhi as Prime Minister. The Principal Secretary to PM is the head of the Prime Minister's Office. Function The PMO provides secretarial assistance to the Prime Minister. It is headed by the Principal Secretary to the Prime M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sudha Murty
Sudha Murty (' Kulkarni; born 19 August 1951) is an Indian educator, author and philanthropist who is chairperson of the Infosys Foundation. She is married to the co-founder of Infosys, N. R. Narayana Murthy. Murty was awarded the Padma Shri, the fourth highest civilian award in India, for social work by the Government of India in 2006. Sudha Murty began her professional career in computer science and engineering. She is the chairperson of the Infosys Foundation and a member of the public health care initiatives of the Gates Foundation. She has founded several orphanages, participated in rural development efforts, supported the movement to provide all Karnataka government schools with computer and library facilities, and established Murty Classical Library of India at Harvard University. Murty is best known for her philanthropy and her contribution to literature ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister's National Relief Fund
Prime Minister's National Relief Fund (PMNRF) in India is the fund raised to provide support for people affected by natural and man made disasters. Natural disasters covered under this include flood, cyclone, earthquake etc. Man made disasters include major accidents, acid attacks, riots etc. The fund is also allotted to the people for treatment like cancer, kidney transplantation, heart surgery etc. The fund was first consolidated during the time of the first prime minister of republic of India Jawaharlal Nehru. History Partition of British India occurred in 1947 along with the formation of two dominions called Pakistan and India. Partition resulted in mass violence and people were moving across borders in all means. Thus to support the displaced people from Pakistan Jawaharlal Nehru created a fund collected from the public in January 1948. Implementation The fund is fully collected from the public and has no budgetary allocation from the government. The fund collected is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 2013
The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. The 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules. However, currently there are only 484 (470-43+57) sections in this Act. The Act has replaced The Companies Act, 1956 (in a partial manner) after receiving the assent of the ''President'' of India on 29 August 2013.The section 1 of the companies Act 2013 came into force on 30 August 2013 . 98 different sections of the companies Act came into force on 12 September 2013 with few changes like earlier private companies maximum number of members were 50 and now it will be 200. A new term of "one-person company" is included in this act that will be a private company and with only 98 sections of the Act notified. A total of another 183 sections came into force f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Corporate Affairs
The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016. It is responsible mainly for the regulation of Indian enterprises in the industrial and services sector. The ministry is mostly run by civil servants of the ICLS cadre. These officers are elected through the Civil Services Examination conducted by Union Public Service Commission. The highest post, Director General of Corporate Affairs (DGCoA), is fixed at Apex Scale for the ICLS. The current minister is Nirmala Sitaraman. Administration The ministry administers the following acts: * The Companies Act, 2013 * The Companies Act, 1956 * Insolvency And Bankruptcy Code, 2016 * The Competition Act, 2002 * The Monopolies and Restrictive Trade Practices Act, 1969 * The Chartered Accountants Act, 1949 s amended by the Chartered Accou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Social Responsibility (India)
The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. The 2013 Act is divided into 29 chapters containing 470 sections as against 658 Sections in the Companies Act, 1956 and has 7 schedules. However, currently there are only 484 (470-43+57) sections in this Act. The Act has replaced The Companies Act, 1956 (in a partial manner) after receiving the assent of the ''President'' of India on 29 August 2013.The section 1 of the companies Act 2013 came into force on 30 August 2013 . 98 different sections of the companies Act came into force on 12 September 2013 with few changes like earlier private companies maximum number of members were 50 and now it will be 200. A new term of "one-person company" is included in this act that will be a private company and with only 98 sections of the Act notified. A total of another 183 sections came into force fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Income-tax Act, 1961
The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill was later scrapped. Amendments The Government of India presents finance bill (budget) every year in the month of February. The finance budget brings various amendments in Income-tax Act, 1961 including tax slabs rates. The amendments are generally applicable to the next following financial year beginning from 1 April unless otherwise specified. Such amendments become part of thincome tax actafter the approval of the president of India. The partial budget which is presented for Non Full financial year (generally in the year of General Election in India) is called VOTE ON ACCOUNT. This is presented for the sake of continuation of those compulsory expenditures of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Deduction
Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax. Above and below the line Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year 2018 in the U.S., for example, was $12,000 for a single taxpayer and $24,000 for married couple. Limitations Often, deductions are subject to conditions, such as being allowed only for expenses incurred that produce current benefits. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ordinance (India)
Ordinances are laws that are promulgated by the President of India on the recommendation of the Union Cabinet, which will have the same effect as an Act of Parliament. They can only be issued when Parliament is not in session. They enable the Indian government to take immediate legislative action. Ordinances cease to operate either if Parliament does not approve of them within six weeks of reassembly, or if disapproving resolutions are passed by both Houses. It is also compulsory for a session of Parliament to be held within six months. A total of 679 ordinances have been issued from 1950-2014. List of Central Government Ordinances since 2003 List of state government ordinances Uttar Pradesh Recovery of Damages to Public and Private Property Ordinance, 2020 The Uttar Pradesh Recovery of Damages to Public and Private Property Act, 2020 (Hindi: ''Lok Tatha Niji Sampatti Kashti Vsooli Adhyadesh, 2020'') is a law in the Indian state of Uttar Pradesh that was promulgated by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comptroller And Auditor General Of India
The Comptroller and Auditor General of India is the supreme audit institution of India, established under Article 148 of the Constitution of India. They are empowered to audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government. The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the Government has an equity share of at least 51 percent or subsidiary companies of existing government companies. The reports of the CAG are laid before the Parliament/Legislatures and are being taken up for discussion by the Public Accounts Committees (PACs) and Committees on Public Undertakings (COPUs), which are special committees in the Parliament of India and the state legislatures. The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Contribution (Regulation) Act, 2010
The Foreign Contribution (regulation) Act, 2010 is an act of the Parliament of India, by the 42nd Act of 2010. It is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto. It is designed to correct shortfalls in the predecessor act of 1976. The bill received presidential assent on 26 September 2010. Amendments The Minister of Home Affairs, Amit Shah introduced the Foreign Contribution (Regulation) Amendment Bill, 2020, which made several changes to the existing Act, including making it mandatory for office bearers of any non-governmental organisation (NGO) to provide their Aadhaar numbers. It also gives the government the power to hold a "summary enquiry" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Emblem Of India (Prohibition Of Improper Use) Act, 2005
State Emblem of India (Prohibition of Improper Use) Act, 2005 is an Act of Parliament of India which regulates the improper or commercial usage of the Emblem of India. Emblem The emblem of India is an adaptation of the Lion Capital of Ashoka at Sarnath. The Emblem consists of three lions, the fourth being hidden from view. The Ashoka Chakra (wheel) appears in relief in the center of the abacus, with a bull on the right and a galloping horse on the left, and outlines of Dharma Chakras on the extreme right and left. Forming an integral part of the emblem is the motto inscribed below the abacus in Devanagari script: '' Satyameva jayate'' सत्यमेव जयते ( en, Truth Alone Triumphs). This is a quote from Mundaka Upanishad, the concluding part of the sacred Hindu Vedas. This National Emblem was adopted on 26 January 1950, the day that India became a republic. Prohibitions * No person can use the emblem or any imitation in a manner so as to create an impression tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
