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RBI/2013-14/250 DBS.Dir.OSMOS. No. 3327/33.01.001/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Creation of a Central Repository of Large Common Exposures - Across Banks This has a reference to the statement made on September 4, 2013 by Dr. Raghuram Rajan on his taking over the charge as Governor, RBI wherein it was stated RBI proposes to collect… Read More
It has been decided to constitute an Expert Committee to examine the current monetary policy framework of the Reserve Bank of India and recommend what needs to be done to revise and strengthen it with a view to, inter alia, making it transparent and predictable. The Expert Committee will comprise: Chairman: 1. Dr. Urjit Patel,… Read More
The Prime Minister™s Office has been monitoring the CAPEX and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy and use CPSEs to drive economic growth. The CAPEX target set for FY 2013-14 is Rs. 141,912 crores. This covers 23… Read More
The National Food Security Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 20 of 2013 The National Food Security Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 10th… Read More
All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday & Sunday) All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax payer fails to pay the advance tax on 14th/15th September,… Read More
The National Highways Authority of India (Amendment) Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 19 Of 2013 The National Highways Authority of India (Amendment) Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette of India,… Read More
The Institute of Chartered Accountants of India (ICAI), functioning under the aegis of the Ministry of Corporate Affairs, organized ˜Accountancy & Commerce Education Summit™ here yesterday. The Summit provided a forum for exchange of thoughts and interaction on various areas of academic and practical interest such as the need for relevant course curriculum, method of… Read More
INSTRUCTION NO. 12/2013 DATED 9-9-2013 Hon'ble Delhi High Court vide its judgment in case Court On Its Own Motion v. UOI in W.P.(C) 2659/2012, dated 14.3.2013 has issued seven Mandamus for action by the Income Tax Department. One Mandamus is on compliance of section 245 of the Income-tax Act, 1961. 2. The Hon'ble High Court in this context had issued… Read More
[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 (CENTRAL BOARD OF DIRECT TAXES) Notification No. 68/2013 New Delhi, the day of 4th September, 2013 INCOME-TAX S.O. 2668(E) - In exercise of the powers conferred by sub-section (3) of section 115TAread with section 295 of… Read More
During the current fiscal, till the month the Organisation settled more than 50 lakh claims out of which 97% was settled within 30 days as mandated by the scheme. In the month of August alone, 10.98 lakh claims were settled and the percentage of claims settled within the above said mandated time-limit was 98.90%. Importantly,… Read More
Competition Commission of India (CCI) has ordered investigation by its Director General in the matter involving Delhi Development Authority (DDA) in respect of allegations regarding violation of provisions of Competition Act by DDA. The order has been issued under Section 26(1) of the Competition Act, 2002 in response to the information filed by Dr. Adla… Read More
The Telecom Regulatory Authority of India (TRAI) here today released its recommendations on Guidelines for Television Rating Agencies. The Ministry of Information and Broadcasting (MIB) had requested TRAI to provide its recommendations on issues related to guidelines/accreditation mechanism for accreditation of TRP rating agencies in India, under Section 11(1) (a) of TRAI Act, 1997. It was further… Read More
1.Q: Why the need for a Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012 , which has been passed by the Lok Sabha in the recently concluded session. ? Ans: Street vendors constitute an integral part of our urban economy. Street vending is not only a source of self-employment to the poor in cities and towns… Read More
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