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Survey of India™s Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13

The Reserve Bank of India today released, on its website, the datarelated to the results of Survey of India's Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13. The data compiled are based on annual survey on India's foreign liabilities and assets (FLA) of the mutual fund companies (MFs) and Asset Management Companies (AMCs)… Read More

Tags: Hong KongIndiaMarch 2012March 2013Mutual fundReserve Bank of IndiaUnited Arab EmiratesUnited States

Clarification- Establishment of Liaison Office/ Branch Office/ Project Office in India by Foreign Entities- General Permission

RBI/2013-14/447 A.P. (DIR Series) Circular No.93 January 15, 2014 To All Authorised Dealer Category - I Banks Madam / Dear Sir Clarification- Establishment of Liaison Office/ Branch Office/ Project Office in India by Foreign Entities- General Permission Attention of Authorised Dealer Category I (AD Category I) banks is invited to Regulation 4 of Notification No.FEMA.22/2000-RB dated… Read More

Tags: Anno DominiBusinessCategories of New Testament manuscriptsFederal Emergency Management AgencyForeign Exchange Management ActHong KongIndiaReserve Bank of India

Government approves 20 FDI proposals of more than Rs 900 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on October 24, 2013, the Government of India has approved 20 proposals of Foreign Direct Investment (FDI) amounting to Rs. 915.83 crore approximately. In addition, one proposal viz., M/s Federal Bank Ltd., Kerala, amounting to Rs. 1400.00 crore has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 24.10.2013 Following Twenty (20) proposals have been… Read More

Tags: Emerald Group PublishingFDIFederal Bankforeign direct investmentForeign Investment Promotion BoardHong KongIndiaMumbai

Penetration of Life Insurance Coverage Goes Up

The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above Brazil, Russia, Malaysia, Pakistan, China, Srilanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. As per information furnished by Insurance Regulatory and… Read More

Tags: Gross domestic productHong KongIndiaInsuranceInsurance Regulatory and Development AuthorityIRDALok SabhaSouth Korea

RBI releases its monthly Bulletin for July 2013

The Reserve Bank of India today released the July 2013 issue of its monthly Bulletin. The Bulletin includes four special articles: (i) International Banking Statistics of India: June, September and December 2012; (ii) Survey on International Trade in Banking Services: 2011-12; (iii) India's Foreign Trade: 2012-13 and (iv) Industrial Outlook Survey: 2012-13. 1. International Banking Statistics of… Read More

Tags: Banking in IndiaDecember 2012Hong KongIndiaReserve Bank of IndiaSingaporeUnited StatesUnited States dollar

Central Excise Notification – Amendments with respect to FT Policy – substitutions and insertions

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 21 / 2013-Central Excise New Delhi, dated the 13th June, 2013 G.S.R. 372(E).- In exercise of the powers conferred by sub-section (1) of section 5A of theCentral Excise Act, 1944 (1 of 1944),… Read More

Tags: 9th July 2012Gazette of IndiaGovernment of IndiaHong KongIndiaministry of financeNew DelhiSection 3

DGFT Notification on Export of Cut & Polished Diamonds

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 19(RE-2013) /2009-2014 New Delhi, Dated 12th June, 2013 Subject : Export of Cut & Polished Diamonds for Certification/ Grading &Re-import S.O (E) In exercise of the powers… Read More

Tags: AntwerpDiamondDirector-generalGovernment of IndiaHong KongIndiaInternational Gemological InstituteNew Delhi

Anti-Dumping Duty on Import of Solar PV Modules

The Ministry examines the effects of dumped goods on the domestic industry, and not cheap goods. Dumping takes place if the export price of a product is less than the normal value prevailing in the exporter™s country. In order to offset the adverse effects of dumped imports, Domestic Industry can avail the trade defence measures… Read More

Tags: ChinaCustoms TariffDumping (pricing policy)Hong KongIdentificationLok SabhaNew DelhiUnited States

Survey on International Trade in Banking Services: 2011-12

The Reserve Bank of India today released, on its website, the data related to the results of Survey on International Trade in Banking Services: 2011-12. The data compiled are based on an annual survey which is intended to provide information on International trade in banking services (ITBS) for India in respect of the branches/subsidiaries of Indian banks… Read More

Tags: Banking in IndiaFinancial servicesHong KongIndiaInternational tradeReserve Bank of IndiaSri LankaUnited States

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