March 2013 | Corporate Law Reporter

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 Kong, India, March 2012, March 2013, Mutual fund, Reserve Bank of India, United Arab Emirates, United States

RBI Monthly Bulletin, September 2013

The Reserve Bank of India today released the September 2013 issue of its monthly Bulletin. The Bulletin includes four special articles: (1) Corporate Investment: Growth in 2012-13 and Prospects for 2013-14; (2) Developments in India™s Balance of Payments during Fourth Quarter (January-March) of 2012-13; (3) India™s External Debt as at end-March 2013; and (4) Consumer Confidence Survey… Read More

Tags: External debt, GDP, India, March 2012, March 2013, Non-resident Indian and person of Indian origin, Reserve Bank of India, United States dollar

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

ICAI Announcement w.r.t. Suggestions on Revision of the Guidance Note on Audit of Banks

1. The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is one of the prime objectives of the Guidance… Read More

Tags: AASB, Audit, Business, Financial audit, Financial statement, ICAI, Institute of Chartered Accountants of India, March 2013

India™s External Debt end-March 2013

As per the standard practice, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt… Read More

Tags: External debt, finance, India, Indian rupee, March 2012, March 2013, ministry of finance, Reserve Bank of India

India™s International Investment Position (IIP), March 2013

International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an… Read More

Tags: foreign direct investment, GDP, Gross domestic product, India, International Monetary Fund, March 2013, Net international investment position, Special Data Dissemination Standard

Index of Industrial Production and use-Based Index for the Month of April, 2013

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of April 2013 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. 2. The General Index for the month of April 2013 stands at 167.3, which is 2.0% higher as compared to the level in the month… Read More

Tags: April 2012, April 2013, Central Statistics Office, Durable good, IIP, Index of Industrial Production, March 2013, Ministry of Statistics and Programme Implementation (India)

Indian Financial Markets: Fuelling the Growth of the Indian Economy

(Address delivered by Shri. Harun R Khan, Deputy Governor, Reserve Bank of India at the inaugural session of the conference on Indian Financial Markets: Fuelling the Growth of the Indian Economy organized by the Confederation of Indian Industry at the ADB Annual Conference on May 4, 2013 at Greater NOIDA, Delhi NCR) 1. Dr. Arvind… Read More

Tags: Banking in India, Chandrajit Banerjee, Confederation of Indian Industry, Economy of India, India, March 2013, Reserve Bank of India, Statutory Liquidity Ratio

Customs Tariff Notification on additions of Items

[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) New Delhi, the 18th April, 2013 Notification No.21/2013-Customs G.S.R. (E).”In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, being… Read More

Tags: Central Government, Gazette of India, Government of India, India, March 2013, ministry of finance, New Delhi, Section 3

Extension of Dates for Filing ST-3 returns for the Period Oct’12 to Mar’13

F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi, dated the 23rd April, 2013 To All Chief Commissioners of Central Excise / Customs and Central Excise Directors General of Service Tax /Central Excise Intelligence /Audit/Systems All Commissioners of Central Excise/ Customs and Central Excise All… Read More

Tags: April 2013, Central Board of Excise & Customs, Form ST-3, Government of India, India, March 2013, New Delhi, Taxation in India

Anti-Dumping Duty on a Product from China

[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.02/2013-Customs (ADD) New Delhi, the 22nd March, 2013 G.S.R. (E). WHEREAS in the matter of Meta Phenylene Diamine (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the… Read More

Tags: China, Dumping (pricing policy), Export, India, March 2013, MetaPhenylene Diamine, New Delhi

TRAI Consultation Paper – Response timeline extended

TRAI Extension of last date to receive comments of stakeholders on TRAI™s Consultation paper on Universal Single Number Based Integrated Emergency Communication and Response System TRAI had invited comments of stakeholders TRAI™s Consultation paper on Universal Single Number Based Integrated Emergency Communication and Response System dated 15th March 2013. The last dates for receiving written… Read More

Tags: FeedBurner, India, March 2013, Mobile number portability, Shri Sanjeev Banzal, Spectrum, Telecom Regulatory Authority of India, United States

Annual Closing of Government Accounts – Offices of all agency banks to stay open on last 3 days in March’13

RBI/2012-13/453 DGBA.GAD.No.H - 5486/42.01.029/2012-13 March 21, 2013 The Chairman & Managing Director/The Chief Executive Officer All Agency Banks Dear Sir/Madam, Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2012-13) We have been requested by the Government of India and some State Governments to… Read More

Tags: Business, Chairman, Fiscal year, Government of India, India, March 2013, March 31 2013, Mumbai