First Women Bank

Promoting women's empowerment , the Government has launched the country's first female bank . Mumbai , Lucknow Indian banks in seven cities [ BMB ] branches started functioning from Tuesday . Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi, India's first woman Prime Minister Indira Gandhi on the occasion of the 96th birthday formally inaugurated in Mumbai . By the way , will be opened in this bank account but the credit off all facilities including men and women will be given preference schemes .


Women's empowerment , empowerment of India began with the punch line , not just the urban area BMB will boost female entrepreneurship , but also to women of weaker sections of society by providing low-interest loans will focus on making them financially independent . It is typical of the state bank in its eight -member board of directors have been replaced by women only . According to Finance Minister P Chidambaram is the first public sector bank, the board will only women . 70 per cent of employees are women . Chidambaram while presenting the Budget for the current financial year had announced to launch female bank . It has a capital base of Rs 1,000 crore . By March next year , the number of bank branches will be 25 .
Prime Minister Manmohan Singh said on the occasion that it will also promote the empowerment of women , his social development . Lucknow Branch, Branch Manager at BMB Negi holder for both the male and the female , but all the way to the bank loan facility will just women . In addition, the scheme will be made available to them , especially on the fixed deposits and loans .
In addition to the Bank's Board Chairperson image Rajawat , Nupur Mitra , Priya Kumar , Renuka Ramnath and Tanya Dubash is included . The other cities that are open its branches in Kolkata , Guwahati , Ahmedabad , Chennai and Bangalore are also included .
Women's groups at seven per cent debt :
Mumbai . The Reserve Bank has directed all government banks that give loans to women SHGs seven per cent interest . The central bank said in a notification issued by the golden , village self-employment scheme - livelihood [ SGSY ] scheme is to provide a lower rate of these groups .

Can not Escape service tax Fraudder

Finance Minister P Chidambaram has said that service tax evaders will not get any escape route in case . Including arrest and prosecution if caught in tax evasion strict action will be taken against them . In the case of service tax evasion in the country so far 13 people have been arrested .
He said that the service of the nation's gross domestic product ( GDP) is 55 per cent . There is no reason why that should not tax services . Chidambaram here on Tuesday organized by the Department of Central Excise and Customs voluntary compliance incentives ( VCES ) were addressing the awareness camp . The Government has introduced a package of amnesty for defaulters .
He just seven million of those 17 million registered firms and are paid as service tax . The rest needs to reach 10 million . They may be far from our reach . But with the help of the technical resources, the revenue department's investigation and any tax thief through 360 degrees profiles can be easily caught .

No VCES Upto Next 20 Years

Finance Minister P Chidambaram said that the government is wary of tax evaders next 20 years, a new scheme of tax exemption , it can not present . Service tax exemption existing VCES last chance to win . Restrictions imposed by the Supreme Court for various reasons including such plans now will be offered . He warned that the tax thief escaping . They will have to face the consequences .
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According to the finance minister , serving voluntary compliance incentives ( VCES ) expires on December 31st . Taxpayers have the chance prized government . This event is not expected to get through the next few decades , so take advantage of this opportunity that is in everyone's interest . Service tax defaulters to pay a one-time waiver of penalty scheme was introduced on May 10 this year .
The October 2007 to December 31 by 2012, has been given the opportunity to pay the outstanding tax . Taxpayers to take advantage of this scheme is exempted from interest and penalties .
Chidambaram said during a debate in Bangalore in the year 1997 before the name of such a scheme was introduced VCES . The new scheme was introduced 16 years later . If you think someone would introduce a similar scheme again next year, then they are mistaken . Such a scheme can not be introduced each year . They are required to present proper reason .
To avoid violating the court 's orders, we have had to change plans .
He said that so far 15 people in cases involving service tax has been processed . About 17 million people in the country itself is registered as a tax payer but only seven million people are over the tax . Government to identify tax evaders have enough information and technology .