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Cabinet clears FDI in Multi brand retail upto 51% and upto 100% in Single Brand Retail
Despite political resistance from alliance and opposition, the Union Cabinet - at a two-hour meeting chaired by Prime Minister Manmohan Singh - on Thursday allowed 51% foreign direct investment (FDI) in multi-brand retail as well as 100% FDI in single brand retail. The FDI clearance in Multi Brand retail comes with several caveats,… Read More
Email Hacking punishable as a Cyber Crime
BEFORE SH. RAJESH AGGARWAL, ADJUDICATING OFFICER, INFORMATION TECHNOLOGY ACT 2000, GOVERNMENT OF MAHARASHTRA, AT MANTRALAYA, MUMBAI ” 400032 Complaint No. 2 of 2010 IN THE MATTER OF 1. Sh. Vinod Kaushik 2. Sh. Neeraj Kaushik¦¦..Complainants Through Mrs. S.R. Padhy, Advocate Versus 1. Ms. Madhvika Joshi 2. Sb. Atul Tripathy 3. Ms. Monika Agnihotri 4. Cognizant… Read More
MCA issues Master Circular w.r.t. Cost Accounting Records and Cost Audit
The Ministry of Corporate Affairs has issued from time to time number of Circulars with regard to various matters concerning cost accounting records and cost audit in the corporate sector. All these circulars have been reviewed by the Ministry and in supersession of the earlier circulars, a Master Circular has been issued.… Read More
Good News – Interest Rate on PPF, Post Office Savings hiked
In a move that will benefit millions of depositors, the government on Friday hiked interest rates on deposits under the Public Provident Fund (PPF) scheme to 8.6 percent from 8 percent and post office savings accounts to 4 percent from 3.5 percent. The PPF scheme is a favourite investment option for salaried as well as self-employed individuals.… Read More
REPORTING FORMAT UNDER REGULATION 11 OF SECURITIES CONTRACTS (REGULATION) (MANNER OF INCREASING AND MAINTAINING PUBLIC SHAREHOLDING IN RECOGNISED STOCK EXCHANGES) REGULATIONS, 2006
CIRCULAR MRD/DSA/12/2011, DATED 24-10-2011 1. Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 hereinafter referred as 'MIMPS Regulations' were notified on November 13, 2006 and came into force from the date of publication. 2. Regulation 11 of MIMPS Regulations inter alia prescribes certain obligations on the recognised stock exchanges pertaining to… Read More
Monetary Policy to help tame inflation :FM
The Union Finance Minister Shri Pranab Mukherjee has said that the monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth to pick up in the second half of current fiscal year. The Finance Minister Shri Mukherjee was… Read More
Final recommendations of the Wage Boards for Working Journalists and Non-journalist Newspaper Employees of Newspaper Establishments and News Agencies
The Union Cabinet today approved the final recommendations of the Wage Boards along with certain corrections and rectifications carried out under Section 12(1) of the Working Journalists and other Newspaper Employees (conditions of Service) & Miscellaneous Provisions Act, 1955. The Government had earlier constituted two Wage Boards in May 2007. The Chairman of the Wage… Read More
Cabinet approves National Manufacturing Policy in India
The Cabinet approved the revised proposal of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry to put in place a National Manufacturing Policy. The Cabinet in its meeting held on 15" September 2011 considered the National Manufacturing Policy and directed that the policy may be considered by a Group of Ministers… Read More
P. Chidambaram Releases NCRB Publication -Crime in India -2010
The Union Home Minister Shri. P.Chidambaram released Crime In India-2010 a publication of national importance brought out by National Crime Records Bureau in New Delhi today. Shri N.K. Tripathi, Director General, NCRB, Smt. B. Bhamathi, Additional Secretary, MHA and Shri.P.R.K.Naidu, Joint Director, NCRB, were present during this occasion. NCRB publishes Crime in India from the… Read More
Second Quarter Review of Monetary Policy 2011-12
Introduction From a macroeconomic perspective, the last quarter witnessed significant developments, both globally and domestically. Growth momentum in the US and the euro area economies has weakened. In the euro area, macroeconomic prospects are intimately tied in to its ability to credibly resolve its sovereign debt and financial sector problems. In turn, trade and financial… Read More
Exports under Duty Drawback Scheme – CBEC
Circular No. 46/2011 - Customs F.No.603/01/2011-DBK Government of India Ministry of Finance Department of Revenue New Delhi, the 20th October, 2011 To All Chief Commissioners of Customs / Customs (Prev). All Chief Commissioners of Customs & Central Excise. All Directors General of CBEC. All Commissioners of Customs / Customs (Prev). All Commissioners of Customs (Appeals). All Commissioners of… Read More
Due date of filing Service Tax Return extended to 26th December 2011
F. No. 137/99/2011 Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Delhi dated the 20th October 2011 ORDER NO. 1 /2011 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… Read More
DGFT – Procedure for sale or transfer of imported firearms simplified
To be published in the Gazette of India Extraordinary (Part-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public Notice No. 82 /2009-2014 (RE-2010) Dated 17th October 2011 Subject: Amendment of Para 2.43.2 of the Handbook of Procedures, Vol. I,… Read More
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