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Consolidated FDI Policy – New Guidelines Released
The government is seeking to further simplify the foreign investment regime, by releasing a revised consolidated FDI policy guidelines. The changes include investments in sectors like single and multi-brand retail, power exchanges, asset reconstruction companies (ARCs), broadcasting, civil aviation, and non-banking financial companies (NBFCs). Changes in the Consolidated FDI Policy Guidelines Allows upto 51% inflows… Read More
Clarification regarding TED Refund where TED exemption is available
Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy Circular No. 16 (RE-2012/2009-14) Dated: 15th March, 2013 To, All Regional Authorities All Development Commissioners, SEZ. Subject : Clarification regarding TED Refund where TED exemption is available. It has come to the notice of this Directorate… Read More
Supersession to DVAT Notification regarding submission of information in Form T-2
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT/2012/1349-1359 Dated :11.03.2013 NOTIFICATION In supersession of Notification No..F.7(433)/Policy-II/VAT/2012/585-595 dated 05.09.2012 and all the subsequent notifications regarding submission of information in Form T-2, I, Prashant Goyal, Commissioner, Value… Read More
Sixth Schedule DVAT entry Amendment – New Item Entry
TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I. P. ESTATE, NEW DELHI-110002 No.F. 5(54)/Policy-II/VAT/ 2012-13/1363-1375 Dated : 12.03.2013 NOTIFICATION No.F. 5(54)/Policy-II/VAT/Amendment/2012-13/ - WHEREAS the Ministry of External Affairs, Government of India in accordance with the principle of… Read More
DVAT Notification regarding submission of information in Form T-2
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT/2012/1349-1359 Dated :11.03.2013 NOTIFICATION In partial modification of Notification No.F.7(433)/Policy-II/VAT/2012/1297-1307 dated 28.02.2013, I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of… Read More
GoI Steps for Reforms in Health Sector
The Eleventh Plan highlighted various health issues in the country, which inter-alia included high Maternal Mortality Ratio (MMR), Infant Mortality Rate (IMR) and Total Fertility Rate (TFR) and called for initiatives for improving health care indicators. Various initiatives taken by Ministry of Health and Family Welfare in partnership with States/UTs have resulted in improvement of… Read More
Government not planning to introduce National Health Bill
The Government has no plans to introduce National Health Bill. In order to provide relief to the common man in the area of healthcare, a countrywide campaign in the name of Jan Aushadhi Campaign has been initiated by the Department of Pharmaceuticals, in collaboration with the State Governments, by way of opening up of Jan… Read More
Government Approves 12 Proposals for FDI
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on February 13, 2013, the Government has approved 12 Proposals of Foreign Direct Investment amounting to Rs.2609.27 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 13.02.2013 are as follows: Following twelve (12) proposals have been approved. Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows(` In crore) COMMERCE 1 M/s Promod S.A.S France Induction of foreign equity in the equity share capital of an Indian JV company… Read More
Infrastructure Projects Debts under PPP and Model Concession Agreements to be Treated as Secured Lending
On 18th March 2013, Reserve Bank of India (RBI) has eased the norms for treating bank loans as secured finance by notifying that the debt due to the lenders in case of Public Private Partnership (PPP) projects may be considered as secured by the respective Banks to the extent assured by the Project Authority in… Read More
Special Measures to Facilitate Collection of Tax Receipts by Banks in End March
Keeping in view that 29th and 31st March, 2013 are notified Gazetted holidays and 30th March, 2013 is falling on a Saturday and the likely rush of tax payers towards the end of march, 2013, which could have inconvenienced the tax payers in depositing the tax on these days, the Reserve Bank of India (RBI)… Read More
Department of Posts Launches e-IPO for Indian Citizens Abroad
Department of Posts, Ministry of Communications & IT, today in association with Department of Personnel and Training launched Electronic Indian Postal Order (eIPO) to enable Indian citizens abroad to pay RTI fee online. This is a facility to purchase an Indian Postal Order electronically by paying a fee on-line through e-Post Office Portal i.e. https://www.epostoffice.gov.in.… Read More
Foreign Trade Policy to be Announced in First Week of April
Before the announcement of the Foreign Trade Policy in the first week of April 2013, the Union Minister of Commerce, Industry & Textiles Shri Anand Sharma chaired the Board of Trade meeting here today. Recognising the stress that our trade is going through, and the need to enhance exports, we will be supportive, said Shri… Read More
Proposal to Reduce Subsidy on Fertilizers
The subsidy rates of Phosphatic and Potassic (P&K) fertilizers under Nutrient Based Subsidy Policy being implementedw.e.f. 1.4.2010, are fixed on annual basis taking into consideration all factors including international and domestic prices of these fertilizers, inventory level and exchange rate. Since the present international prices of P&K fertilizers are comparatively less as compared to those in last year, the subsidy rates for… Read More
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