RBI for Regime of Free Savings Bank Interest Rate
India’s central bank RBI argues for interest rate deregulation on savings account deposits which currently carries interest rates of 3.5% and has not been changed since March 1, 2003. According to the discussion paper,
it is necessary that all rates move in tandem with the policy rates and the regulated savings rate has adversely affected the transmission of monetary policy. The RBI has not provided any time frame for the deregulation. Given the discussion Read more
Lokpal Bill Mission – Curb Corruption
It is well known fact from Kids to Grandpas across the length and breadth of the country that Bribery / Corruption is rampant in India and termed political interference as a key reason for poor enforcement of anti-bribery and corruption laws in the country. Hence, having a strong civil participation in the matter can help bring enhanced governance.
Successive Governments in India has taken various initiatives in the recent past to curb corruption, mostly by being vocal in the press without actual powers to the civil society nor punishing the culprits. There is an urgent need for a mechanism that would adopt Read more
Siddhivinayak Temple Trust PAN Number
The famous Siddhivinayak Ganpati Temple at Prabhadevi Mumbai accept donations running in Billions of Indian Rupees yet doesn’t publish PAN Number on the receipt which can be used to avail Income Tax benefit under section 80/G.
We have personally verified the PAN Card the Siddhivinayak Ganpati Temple Trust and the PAN Number of the same is AACTS4584R. While filing e-tax returns, the software will ask for the Donee’s [Amount Receiver] PAN Number without which the filling will not take place.