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Review of Policy on Foreign Direct Investment in Civil Aviation Sector
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy and Promotion for permitting foreign airlines to make foreign investment, up to 49 percent in scheduled and non-scheduled air transport services. Removing the existing restriction on investment by foreign airlines would assist in bringing in strategic investors into the… Read More
Policy on Foreign Investment in Power Trading Exchanges
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for permitting foreign investment up to 49 percent, in Power Trading Exchanges. The CCEA has decided to permit foreign investment, up to 49 percent (FDI & FII) [FDI limit of 26 per cent and FII limit of… Read More
Amendment of conditions in the policy on Foreign Direct Investment in single-brand product retail trading
The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading. Vide Press Note 1(2012 Series) dated 10.1. 2012, Government had permitted FDI, up to 100%, in single brand product retail trading, subject to specified conditions, including,… Read More
Permitting FDI in multi-brand product retail trading
The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions. The proposal had earlier been approved by the Cabinet in its meeting on 24.11.2011. However, implementation of the proposal had been deferred, for evolving a broader consensus on the subject.… Read More
NPA Management Requirement of an Effective Mechanism and Granular Data
RBI/2012-13/208 DBOD.No.BP.BC/41/21.04.048/2012-13 September 14, 2012 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, NPA Management Requirement of an Effective Mechanism and Granular Data Please refer to the paragraph 100 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012. 2. As mentioned therein,… Read More
CBEC-Seeks to levy anti-dumping duty on imports of Metronidazole, originating in, or exported from People™s Republic of China, for a further period of five years
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.40 /2012-Customs (ADD) New Delhi, dated the 30th August, 2012 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/18/2010-DGAD, dated the 30th May,2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 30th May,2011, had initiated review in terms of sub-section (5) of section… Read More
CBEC-Applicable rate of CVD on imported Fertilizers
Circular No. 23 /2012-Customs F.No.354/35/2011-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit *** R.No.146 I, North Block New Delhi, dated the 30th August, 2012 To Chief Commissioner of Customs (All) Chief Commissioner of Customs & Central Excise (All) Director Generals (All) Sir/Madam, … Read More
Issue of Indian Depository Receipts (IDRs) – Limited two way fungibilty
RBI/2012-13/178 A. P. (DIR Series) Circular No. 19 August 28, 2012 To, All Category I Authorised Dealer banks Madam/Sir, Issue of Indian Depository Receipts (IDRs) - Limited two way fungibilty Attention of Authorised Dealers Category I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.5 dated July 22, 2009, in terms of… Read More
Repayment of Term/Fixed Deposits with ‘Either or Survivor’ or ‘Former or Survivor’ Mandate
RBI/2012-13/176 RPCD.CO.RRB.RCB.BC./03.05.33/2012-13 August 23, 2012 All Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Repayment of Term/Fixed Deposits with 'Either or Survivor' or 'Former or Survivor' Mandate It has come to our notice that some Regional Rural Banks (RRBs) / State and Central Co-operative Banks (StCBs/DCCBs) insist on the signatures of both… Read More
SEBI-Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
CIRCULAR CIR/CFD/DIL/ 9 /2012 August 22, 2012 To All Registered Merchant Bankers Dear Sir / Madam, Sub: Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. Please refer to circular No. SEBI CIR/CFD/DIL/5/2012 dated May 03, 2012 on the captioned subject. 2. In partial modification of the above referred circular, it is… Read More
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)
RBI/2012-13/175 A. P. (DIR Series) Circular No. 18 August 23, 2012 To All Authorised Persons, who are Indian agents under Money Transfer Service Scheme Madam / Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS) Please refer to our A.P. (DIR Series)… Read More
Foreign Direct Investment by citizen / entity incorporated in Pakistan
RBI/2012-13/173 A. P. (DIR Series) Circular No. 16 August 22, 2012 To All Category I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment by citizen / entity incorporated in Pakistan Attention of Authorised Dealer (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
Seeks to amend Notification 12/2012-Customs, dated 17-03-2012 , prescribing 1% ad valorem specific rate of Countervailing duty (CVD) on various types of Fertilizers, when imported into India
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46 /2012-Customs New Delhi, the 17th August, 2012 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, on being satisfied that it is necessary in the public interest so to do, hereby… Read More
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