Finance Ministry | Corporate Law Reporter

Amendment to the Issue of Foreign Currency Convertible Bonds and Ordinary shares (Through Depository Receipt Mechanism) Scheme, 1993

RBI/2013-14/363 A.P. (DIR Series) Circular No. 69 November 8, 2013 To All Category I Authorised Dealer Banks Madam / Sir, Amendment to the Issue of Foreign Currency Convertible Bonds and Ordinary shares (Through Depository Receipt Mechanism) Scheme, 1993 Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.11 dated September… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Finance Ministry, Foreign Exchange Management Act, Global depository receipt, India, List of companies of India, Reserve Bank

India™s External Debt : A Status Report 2012-13

The Department of Economic Affairs, Ministry of Finance is bringing out the nineteenth issue of the annual publication titled ˜India™s External Debt: A Status Report 2012-13™. The Report presents a detailed analysis of India™s external debt position at end-March 2013, based on the data released by the Reserve Bank of India on June 27, 2013.… Read More

Tags: External debt, Finance Ministry, Gross National Income, India, March 2012, March 2013, Money market, Reserve Bank of India

Dr. Raghuram Rajan assumes charge as Governor, RBI

Dr. Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4, 2013. Prior to this, he was the Chief Economic Advisor, Ministry of Finance, Government of India and the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago™s Booth School. Between 2003 and 2006,… Read More

Tags: American Finance Association, Fault Lines: How Hidden Fractures Still Threaten the World Economy, Finance Ministry, Fischer Black Prize, Luigi Zingales, Raghuram Rajan, Rajan, Reserve Bank of India

Gross Non-Performing Assets of Public Sector Banks

As per provisional data received from the Reserve Bank of India (RBI), the Gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) as on 30th June 2013 was Rs. 1,76,009 crore. The Gross NPAs of PSBs were Rs. 1, 12,489crore in March 2012 and Rs. 1, 55,890 crore in March, 2013. Although the Non-Performing Assets (NPAs) of the bank has shown a… Read More

Tags: Bank, Finance Ministry, India, Non-performing asset, Public sector, rbi, Reserve Bank of India, Run batted in

Restructuring of Loans in Public Sector Banks

The Reserve Bank of India (RBI) has informed that five complaints /representations regarding irregularities in restructuring of loans in public sector banks in the country have been received. One representation is from Institute of Cost & Works Accountants of India (ICWAI), a complaint from a Member of Parliament and three complaints are from other persons.… Read More

Tags: Finance Minister, Finance Ministry, Rajya Sabha, rbi, Reserve Bank of India, Restructuring, Run batted in, Working Group

Department of Posts has proposed to set up a Post Bank of India

Department of Posts has proposed to set up a Post Bank of India. This will be an independent entity, separate from the current operations of Small savings Schemes being carried out by the Department on behalf of Ministry of Finance. The Department of Posts has accordingly submitted an application to the RBI on 28.06.2013 seeking… Read More

Tags: Department of Post, Finance Ministry, Government, India, Indian Postal Service, Post office, Reserve Bank of India, Run batted in

The Financial Year 2013-14 – Eligibility and AllocationTax-Free, Secured, Redeemable, Non-Convertible Bonds

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 61/2013 DATED 8-8-2013 S.O. 2424(E) - In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act,… Read More

Tags: AAA, Companies Act 1956, Finance Ministry, Government of India, India, Securities & Exchange Board of India, Security (finance), The Income-tax Act 1961

GoI & RBI on Same Page towards achieving Stability and Growth

RBI and The Government on the Same Page and working together to Achieve Stability and Growth; Government Welcomes the RBI Policy Statement : CEA The Reserve Bank of India (RBI) came out with its policy statement this morning. The RBI left policy rates on hold. Dr Raghuram Rajan, Chief Economic Adviser (CEA), Ministry of Finance… Read More

Tags: Computer-aided design, Finance Ministry, Government, Raghuram Rajan, Rajan, rbi, Reserve Bank of India, Run batted in

Notification I for Departmental Examinations 2013 for (i) Income Tax Officers, (ii) Income Tax Inspectors and (iii) Ministerial Staff-regarding

DIRECTORATE OF INCOME-TAX (IT) Ministry of Finance, Department of Revenue 5th Floor, Mayur Bhawan, Connought Circus, New Delhi 110001 F. No. DE-20136/Notification/DIT(IT) Dated : 18/07/2013 To All Chief Commissioner of Income-tax (Cadre Controlling), All CIT (Incharge of Examination) Sub : Notification I for Departmental Examinations 2013 for (i) Income Tax Officers, (ii) Income Tax Inspectors and… Read More

Tags: Annexation, CBDT, Finance Ministry, Income tax, Manoj Joshi, New Delhi, Tax, Taxation in India

CLR Snippets | All options on Sovereign Bond Issue on Table

Some of the news channels /news wires have been misreporting that the Government of India is no longer contemplating a Sovereign Bond Issue. These reports are without any basis. As the Ministry of Finance has said repeatedly, all options are on the table and are examined from time to time. Steps are taken by the… Read More

Tags: Bonds, Current account, Finance Ministry, Government, Government bond, Government of India, India, Reuters

MoF – Forum for tax related issues

Ministry of Finance Constitutes a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of Views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes; Forum to Meet Every Wednesday; First Meeting of the Forum on August 7, 2013 From time to time, representations are received from… Read More

Tags: Central Board of Excise & Customs, Chamber of commerce, Chambers, Finance Ministry, Parthasarathi Shome, Taxation in India, TRU, Wednesday

Deliberation on steps for revenue mobilisation & tax administration reforms

Union Finance Minister, Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes ; To deliberate on steps for revenue mobilisation & tax administration reforms. The All India Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax will be held at Vigyan Bhawan, New Delhi on 17th&18th… Read More

Tags: CBEC, Central Board of Excise & Customs, Conference, Finance Ministry, Government of India, Indirect tax, Jesudasu Seelam, New Delhi, P. Chidambaram, Taxation in India

CRISIL AAA Credit Rating to India Infradebt Limited

Infrastructure Debt Funds (IDFS) to Play a key role in the Financing of the Overall Requirements of Infrastructure Funding , says Arvind Mayaram, Secretary, DEA; CRISIL AAA Credit Rating to India Infradebt Limited An IDF-NBFC Shri Arvind Mayaram, Secretary, Department of Economic Affairs, Ministry of Finance said that Infrastructure Debt Funds (IDFs) are going to… Read More

Tags: Chanda Kochhar, CRISIL, Finance Ministry, IDF, India, Israel Defense Forces, Kuwait Investment Authority, Secretary of State for Economic Affairs