May 2013

MoU with China to Address Trade Deficit

India and China have signed MoUs /Agreements to promote Indian exports to China during the visit of Premier Mr. Li Keqiang to India in May 2013. Details are given below: (i)    MoU for the Export of Buffalo Meat from India to China entered into  between the  Agricultural and Processed Food Products Export Development Authority (APEDA) and the  General Administration of Quality Supervision, Inspection and… Read More

Tags: April-JuneBalance of tradeChinaImport and ExportIndiaMarine Products Export Development AuthorityMay 2013United States Department of Commerce

India™s Foreign Trade Report – May, 2013

EXPORTS (including re-exports) Exports during May, 2013 were valued at US $ 24505.66 million (Rs. 134807.62 crore) which was 1.11 per cent lower in Dollar terms (0.13 per cent lower in Rupee terms) than the level of US $ 24779.72 million (Rs. 134983.82 crore) during May, 2012. Cumulative value of exports for the period April-May 2013 -14 was… Read More

Tags: April-May 2013Balance of tradeExportMay 2012May 2013PercentagePetroleumRupee

Wholesale Price Index – May 2013 Review

The official Wholesale Price Index for ˜All Commodities™ (Base: 2004-05 = 100) for the month May, 2013 rose by 0.1 percent to 171.6 (provisional) from 171.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.70% (provisional) for the month of May, 2013 (over May, 2012) as compared… Read More

Tags: AsiaBusinessFoodIndiaIndo-Asian News ServiceMay 2013Reserve Bank of IndiaWholesale price index

Consumer Price Index Numbers for the Month of May, 2013

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation releases Consumer Price Indices (CPI) on base 2010=100 for all-India and States/UTs separately for rural, urban and combined every month with effect from January, 2011. Provisional indices for the month of May 2013 and also final indices for April 2013 are being released with… Read More

Tags: April 2013Central Statistics OfficeConsumer Price IndexCPIIndiaInflation rateMay 2013National Informatics Centre

ICWAI – President Communication June 2013

Dear Professional Colleagues, In today™s competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy business practice that helps in enhancing the performance and bottom-line results of the organization. Organizations are designing HR policies to achieve their overall objective. These polices include recruitment, training, performance appraisals, motivating employees as well as… Read More

Tags: Corporate Affairs MinistryIndiaInstitute of Chartered Accountants of IndiaInstitute of Company Secretaries of IndiaInstitute of Cost Accountants of IndiaK. Rahman KhanKeralaMay 2013

Guidelines on Composition of Capital Disclosure Requirements

RBI/2012-13/512 DBOD.No.BP.BC.98/21.06.201/2012-13 May 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Composition of Capital Disclosure Requirements Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3,… Read More

Tags: BankBasel IIICapital requirementChairmanGeneral managerMarket Discipline- New Capital Adequacy FrameworkMay 2013Rajesh Verma

Income Tax Department Sent Letters Today to Another Batch of 35,000 Non-Filers

As part of its ongoing initiative, the Income Tax Department has sent today i.e. 27th May, 2013 letters to another batch of 35,000 non-filers.  These persons were part of around 12 lakh non-filers identified as a result of data matching exercise. With this latest batch, the IT Department has now issued letters in 1,75,000 high priority cases. The response to this… Read More

Tags: Business intelligenceData WarehouseIncome taxIncome Tax DepartmentMay 2013Taxtax returns (India)United States

CBEC Order – Issues related to transmission of trade data

INSTRUCTION F. No. 528/69/2012-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tariff Unit New Delhi the 21st May, 2013. To All Chief Commissioners of Customs / Customs (Prev.) All Chief Commissioners of Customs & Central Excise All Commissioners of Customs / Customs (Prev.) All Commissioners of Customs… Read More

Tags: Central Board of Customs & ExciseExchange rateGovernmentGovernment of IndiaIndiaMay 2013ministry of financeNew Delhi

RBI releases its monthly Bulletin for May 2013

The Reserve Bank today released the May 2013 issue of its monthly Bulletin. The Bulletin contains the Governor™s Statement on Monetary Policy 2013-14, Macroeconomic and Monetary Developments in 2012-13, the first Prof. Tendulkar Memorial Oration by Professor Abhijit Banerjee and regular features, viz., speeches of the top management and current statistics. Sangeeta Das Director Press… Read More

Tags: Abhijit BanerjeeMacroeconomicMay 2013Monetary policyProfessorReserve BankReserve Bank of IndiaRun batted in

TRAI Consultation Paper – Extension of dates for receiving public comments

The Telecom Regulatory Authority of India (TRAI) released a consultation paper on Guidelines/Accreditation Mechanism for Television Rating Agencies in India on 17th April, 2013, inviting written comments from the stakeholders by 9th May, 2013 and counter comments by 16th May 2013. On request of the stakeholders, the last date for receipt of written comments has been extended up to 23.05.2013 and… Read More

Tags: IndiaJawaharlal NehruMahanagarMay 2013New DelhiTelecom Regulatory Authority of IndiaTRAI

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