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International Road Federation calls for intelligent transport system to reduce accidents on Yamuna e-wayBihar Governor Satya Pal Malik receives additional charge of OdishaST VCES, 2013 is not an open ended scheme - benefits thereunder cannot be derived dehors scheme or after its life or duration has come to an end: High CourtReduced rate of GST on construction serviceI-T - Claim of wrong presumption regarding status of payee will not earn reprieve for payer for default committed in withholding tax liability: ITATRenewable Energy based on Waste - Lost its Power under GST!ST - Contract is primarily for transportation of sand and activity of loading/unloading is merely incidental - No tax under Cargo Handling Service: CESTATUS moves WTO against India's export subsidy schemesDoubling farmersí income - Govt releases Draft Agri Export Policy; proposes to set up Agri Start-up FundIndia, Hong Kong ink agreement on avoidance of double taxation & exchange of tax infoIndia, USA focus on resolving MAP cases; Also wrap up two APAsOffences against Children - SC asks HCs to furnish details of special courtsI-T - Genuineness of gifts made under natural love & affection, should not be decided on touchstone of 'existence of occasion' and needs no prior sanction from Department: HCDomestic Tourist Visits jump from 128 Cr to 161 CroreRural Schemes - Expert Panel suggests measures to sharpen internal audit toolsNITI Aayog releases SATH-Education Roadmaps2G case - CBI moves Delhi HC against acquittal of A RajaIGST Refund - Shipping lines filing EGMs with errors, says CBECGovt about to finalise Sand Mining Policy; Delhi to host 3rd National ConclavePutin wins again; to remain in power till 2024India Needs Good Governance & Not New Law to Catch FugitivesI-T - Resultant profit out of investment in shares is to be taxed as capital gains even if intention of investor is not to earn only dividend income: ITATGST Council's latest recommendations - Part-IIST - Supply of (DMF)/(TECHPACK) to customers - since assessee is manufacturer of excisable goods, they cannot be treated as provider of Scientific or Technical Consultancy service: CESTATA Tale of Two Countries - And Their College Education SystemsCX - Debit note, arising from contractual liability, cannot be considered to be credit note relating to rendering of service u/r 4(7) of CCR, 2004: CESTAT
Untitled Document



Dated: July 11, 2014

G.S.R.496(E). In pursuance of Section 5 of the Public Provident Fund Act, 1968, (23 of 1968), the Central Government hereby notifies that the subscriptions made to the Fund on or after the 1st day of April, 2014 and the balances at the credit of the subscriber shall bear interest at the rate of 8.7 per cent per second proviso, following proviso shall be inserted, namely:-


The Ministry of Finance, Department of Economic Affairs (Budget Division) vide its O.M. No.6-1/2011-NS.II (Pt.), dated the 11th November, 2011 has communicated to all concerned the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for comprehensive review of National Small Savings Fund (NSSF). Accordingly, the rates of interests on various small savings schemes for the financial year 2014-15 revised with effect from 1st April 2014, have been communicated vide its O.M. No.6-1/2011-NS-II, dated the 4th March, 2014. It is certified that the interest of no deposit holder shall be prejudicially affected by the retrospective effect given to the notification.

F.No.6-1/2011-NS-II (Pt.II)

(Rajat Bhargava)
Jt. Secy.

Note:- The principal notification was published in the Gazette of India vide number S.O. 48(E), dated the 15th January, 2000 and subsequently amended vide numbers S.O. 192(E), dated the 1st March 2001, S.O. 271(E), dated the 1st March, 2002, S.O. 250(E), dated the 1st March, 2003, S.O. 2681(E), the 25th November 2011, S.O.904(E), dated the 25th April 2012, G.S.R. 401(E), dated the 25th June, 2013 and G.S.R. 225(E), dated the 13th March, 2014.