Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure % - Join The Lights

A credit facility should be treated as NPA as per norms given in paragraph 2.1 above. However, where the accounts of the borrowers have been regularised by repayment of overdue amounts through genuine sources , the accounts need not be treated as NPAs. 2.1 A loan for a non-infrastructure project will be classified as NPA during any time before commencement of commercial operations as per record of recovery , unless it is restructured and becomes eligible for classification as ‘standard asset’ in terms of paras 2.3 to 2.5 below.

It was also shown that the amount in case of the said four entities were received by cheque or through mode of RTGS. The proposed move to reopen the assessment was based on mere change of opinion which was not permissible in law. When autocomplete results are available use up and down arrows to review and enter to select. The service fee covers the transfer & renewal expenses of the domain, hosting DNS, providing support for years, and the recurring monthly payment processing expenses that Dan.com makes to facilitate this type of transaction.

For a period of more than 90 days, in respect of an Overdraft / Cash Credit (OD/CC). CIT-2, Rajkot has erred in law and on facts in deleting the addition of Rs. 35,00,00,000/- made by the Assessing Officer on account of notional interest @ 10 % on deposit made of Rs. 350 crores to M/s. A data-driven approach for estimating the change-points and impact of major events on disease risk.

New Option in the Lives Saved Tool Allows for the Conversion of Prevalence of Small-for-Gestational-Age and Preterm Births to Prevalence of Low Birth Weight. Comparing multilevel and multiscale convolution models for small area aggregated health data. 6.1 The exercise undertaken seeking to reopen the assessment and issue of notice under section 148 of the Act and the decision to reject the objections of the assessee, both render unacceptable in law, liable to be set aside as illegal.

Such accounts should be straight away classified as doubtful asset or loss asset, as appropriate, irrespective of the period for which it has remained as NPA. With effect from March 31, 2005 an asset would be classified as sub-standard if it remained NPA for a period less than or equal to 12 months. In such cases, the current net worth of the borrowers / guarantors or the current market value of the security charged is not enough to ensure recovery of the dues to the banks in full. In other words, such assets will have well defined credit weaknesses outlook sending error that jeopardise the liquidation of the debt and are characterised by the distinct possibility that the banks will sustain some loss, if deficiencies are not corrected. Vii) The restructuring under consideration is not a ‘repeated restructuring’ as defined in para of Annex 5. However, as a onetime measure, second restructuring carried out by banks of exposures (other than commercial real estate, capital market exposures, personal / consumer loans and loans to traders) upto June 30, 2009 shall be eligible for special regulatory treatment.

Interest realised on NPAs may be taken to income account provided the credits in the accounts towards interest are not out of fresh / additional credit facilities sanctioned to the borrower concerned. 4.1.2 However, interest on advances against term deposits, NSCs, IVPs, KVPs and Life policies may be taken to income account on the due date, provided adequate margin is available in the accounts. The system should ensure that doubts in asset classification due to any reason are settled through specified internal channels within one month from the date on which the account would have been classified as NPA as per extant guidelines.

Thus, making it First social media and business network; providing multiple opportunities to the end user to make cash with your time like by just posting and sharing content. All deductions under sections 30 to 38 including depreciation and unabsorbed depreciation shall be deemed to have been already allowed and no further deduction will be allowed under these sections. However, in the case of a firm, the normal deduction under section 40 shall be allowed. The written down value will be calculated, where necessary, as if depreciation as applicable has been allowed. The written down value is calculated, where necessary, as if depreciation as applicable has been allowed. Moreover, it will be assumed that disallowance, if any, under sections 40, 40A and 43B has been considered while calculating the estimated income @ 50 %.

Loans to small and marginal farmers for purchase of land for agricultural purposes. Banks should fix a minimum cut off point to decide what would constitute a high value account depending upon their respective levels. It is necessary that such liabilities are estimated on actuarial basis and full provision should be made every year for the purpose in their Profit and Loss Account. There is no objection if the banks create bad and doubtful debts reserve beyond the specified limits on their own or if provided in the respective State Co-operative Societies Acts. A general provision of 10 per cent on total outstanding should be made without making any allowance for ECGC guarantee cover and securities available.

1.1 A loan for an infrastructure project will be classified as NPA during any time before commencement of commercial operations as per record of recovery , unless it is restructured and becomes eligible for classification as ‘standard asset’ in terms of paras.1.3 to 1.5 below. However, the additional facilities sanctioned as per package finalised by BIFR and / or term lending institutions, the income recognition and asset classification norms will become applicable after a period of one year from the date of disbursement. Prior to May 15, 2015, if the sale is for a value higher than the NBV banks were not permitted to reverse the excess provisions, but the provisions were utilized to meet the shortfall/loss on account of sale of other assets to SC/RC.