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Finance Minister holds Moderation in Inflation Would Continue in Coming Months;
The Union Finance Minister Shri Pranab Mukherjee said that he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods, despite the rapid decline in non-food primary inflation, may be more gradual. The Finance Minister Shri Mukherjee maintains that the headline inflation should be between… Read More
Union Finance Minister™s Address at 46th Convocation of Indian Statistical Institute
Please find below the text of the Union Finance Minister Shri Pranab Mukherjee™s Address at 46th Convocation of the Indian Statistical Institute(ISI) in Kolkata today : It is a great pleasure for me to here today on this occasion of the 46th convocation of the Indian Statistical Institute. The opportunity to share some thoughts with… Read More
Comments/Suggestions for future XBRL Implementation
The Ministry of Corporate Affairs has formed a committee to develop the roadmap for future implementation of XBRL. The committee has its Terms of References as under: A. Identification of class of companies and various reports to be filed in XBRL in Phase-wise manner. B. Development of Taxonomies to be used by Corporates for their… Read More
Export of Goods and Services – Forwarder™s Cargo Receipt
RBI/2011-12/345 A. P. (DIR Series) Circular No.65 To All Authorised Dealers in Foreign Exchange Madam/Sir, Foreign Exchange Management Act, 1999 Export of Goods and Services - Forwarder™s Cargo Receipt Attention of Authorized Dealers is invited to A.P. (DIR Series) Circular No. 27 dated March 2, 2001, in terms of which they may accept Forwarder™s Cargo Receipts… Read More
Disclosure of Track Record of the public issues managed by Merchant Bankers
CIR/MIRSD/1/2012 January 10, 2012 To All SEBI Registered Merchant Bankers Dear Sir/ Madam, Sub: Disclosure of Track Record of the public issues managed by Merchant Bankers 1. SEBI regulations require that the offer document shall contain adequate disclosures so as to enable investors to take well informed investment decisions. Further, a merchant banker is required to exercise due… Read More
Appointment of Common Adjudicating Authority-Custom
[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) Notification No.01/2012-Customs (N.T.) S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the… Read More
Service tax Half yearly Return Filing Due Date Extended to 20th January 2012
F. No. 137/99/2011 Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs, ********** ORDER NO 1 /2012 Service Tax In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Service Tax dated 19th October 2011, Central Board of Excise… Read More
Union Budget 2011-12 Interest Subvention Scheme 2 per cent interest subvention and 3 per cent additionalsubvention for short-term crop loans in 2011-12
RBI / 2011-12/ 344 RPCD.No.PLFS.BC.54/05.04.02/2011-12 January 9, 2012 The Chairman/Managing Director All Public Sector Banks Dear Sir, Union Budget 2011-12 Interest Subvention Scheme 2 per cent interest subvention and 3 per cent additionalsubvention for short-term crop loans in 2011-12 As you are aware, the Hon™ble Finance Minister, in his Budget Speech (paragraph 63) for 2011-12 had… Read More
Govt. allows 100% FDI in Single Brand Retail Trade
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.1 (2012 Series) Subject: Review of the policy on Foreign Direct Investment- liberalization of the policy in Single- Brand Retail Trading. 1.0 Present Position: Foreign Direct Investment (FDI), in retail trade, is prohibited except in single brand product retail… Read More
Union Finance Minister, Shri Pranab Mukherjee™s Speech at the IIFCL Foundation Day and Launch of Pilot Credit Enhancement Scheme
Following is the text of the Speech of the Union Finance Minister,Shri Pranab Mukherjee delivered here today at the IIFCL Foundation Day and Launch of Pilot Credit Enhancement Scheme I am happy to join you all on the Foundation Day of India Infrastructure Finance Company Limited (IIFCL) and launch of Pilot Transaction of Credit Enhancement. On this day, in the… Read More
Need for Developing New Instruments, like Credit Enhancement to Enable Increased Financing for Infrastructure Projects, Says FM; Launches the Pilot Transaction under Credit Enhancement Scheme, a Major Initiative of IIFCL
The Union Finance Minister, Shri Pranab Mukherjee has emphasized on the need for developing new instruments, like credit enhancement for providing increased financing for infrastructure projects in the country. The Finance Ministerwas speaking after launching the Pilot transaction under Credit Enhancement Scheme, a major initiative of Indian Infrastructure Finance Company Limited (IIFCL) here today. The… Read More
Press Note on Arrear Demand Communication
It has been reported in some sections of the press that the Central Processing Centre , Bangalore is sending notices for payment of taxes which are as small as Rs. 1/- , 4/- , 6/-, causing unnecessary hardship to assesses . It has been stated that when the refunds for amounts less than Rs. 100/- are not issued by the… Read More
Refund of 4% Additional Duty of Customs (4% CVD) in terms of Notification No. 102/2007-Customs dated 14.09.2001-regarding.
Circular No 01/ 2012-Customs F.No.401/46/2008-Cus.III Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 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 & Central Excise. Subject: Refund of 4% Additional Duty… Read More
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