Tag: penalty
4 Results
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RBI revises NPA norms, announces penalty on banks for non-compliance
In wake of the ordinance promulgated on Friday empowering the Reserve Bank of India (RBI) to tackle bad loans, the central bank revised the guidelines in this regard and warned banks of monetary penalty if they fail to meet the timelines. "The Framework aims at early identification of stressed assets and timely implementation of a …
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May 5, 2017 -
Air India mulls fine up to Rs.15 lakh on unruly fliers
National carrier Air India is considering imposing a penalty of up to Rs.15 lakh on unruly passengers for flight delays. The latest proposal comes less than a month after Shiv Sena MP Ravindra Gaikwad assaulted a staffer of the national carrier at the airport here. Now, the airline is mulling to penalise passengers who delay …
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April 17, 2017 -
Can penalty be retrospective?
Some questions are required to be answered in the light of prevalent legal position. These are if penalty provisions can be amended retrospectively to include cash deposits and whether the government can increase tax rate on deposits retrospectively. In my opinion, provisions regarding levy of penalty and increased tax rate are in the nature of …
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November 30, 2016 -
NDMC grosses Rs.15.29 cr in scrapped notes against dues
Residents of the municipal corporation area can deposit their property tax dues till February 28 next year by getting a 100 per cent waiver on interest amount and penalty.
November 19, 2016