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Appointment of Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
RBI/2011-2012/377 DGBA.GAD.No.H - 5029/42.01.033/2011-12 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks in India Dear Sir/Madam, Government Agency Business Arrangement Appointment of Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) As you are aware, currently all public sector banks are eligible to conduct Government business as… Read More
Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997 thereby notifying Tondiarpet (TNPM), Chennai as ICD
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 8 /2012 - Customs (N.T.) New Delhi, dated the 30th January, 2012 G.S.R¦..(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes… Read More
Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 9/2012- Customs (N.T.) DATED THE 30th January, 2012 10 Magha, 1933(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India… Read More
Amendments in SEBI Regulations
The SEBI Board met in New Delhi today and took the following decisions: 1. Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion… Read More
Memorandum of Instructions governing money changing activities
RBI/2011-12/372 A. P. (DIR Series) Circular No.71 To All Authorised Persons in Foreign Exchange Madam/ Sir, Memorandum of Instructions governing money changing activities Attention of Authorised Persons is invited to the introduction given under Paragraph 2 and Paragraph 2 (iii) (i) of Part A of the Annex I to the Memorandum of Instructions governing money… Read More
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2011-12/373 A. P. (DIR Series) Circular No.72 To All Category-I Authorised Dealer Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to the Paragraph nos. (A) (1) and (A) (3)… Read More
Deregulation of Savings Bank Deposit Interest Rate – Guidelines
RBI/2011-12/374 RPCD.CO.RRB.BC.No.57 /03.05.33 /2011-12 All State Co-operative Banks (StCBs) / District Central Co-operative Banks (DCCBs) / Regional Rural Banks (RRBs) Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circulars RPCD.CO.RRB.BC.NO.33/03.05.33/2011-12 dated November 23, 2011 and RPCD.CO.RCB.BC.No. 47/07.38.01/2011-12 dated December 26, 2011 on the captioned subject. 2. Based on the references received from… Read More
India Signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters
India has signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention was signed by Shri Sanjay Kumar Mishra, Joint Secretary, Foreign Tax & Tax Research Division, Department of Revenue, Ministry of Finance, Government of India in the presence of Deputy Secretary-General of OECD, Mr. Rintaro Tamaki. This instrument hitherto available for… Read More
First meeting of SEBI™s International Advisory Board
Securities and Exchange Board of India (SEBI)™s International Advisory Board (IAB) held its first meeting in New Delhi today. SEBI constituted the IAB in September, 2011. The role of the IAB will be to guide SEBI and, in doing so, bring in the global experiences and emerging developments and challenges. The IAB will meet twice… Read More
Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays
RBI/2011-2012/370 FMD.MOAG. No. 66 /01.01.01/2011-12 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays At present, Reserve Bank of India operates Liquidity Adjustment Facility (LAF) to inject/absorb liquidity through daily Repo/Reverse Repo auctions. While the LAF Repo operations are conducted in the… Read More
Seeks to impose anti-dumping duty on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms, originating in, or exported from subject countries
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11 /2012-Customs (ADD) G.S.R. (E). Whereas, in the matter of import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms (including all widths and lengths)™ (hereinafter referred to as the subject goods), falling under Chapters 39, 55, 56, 59 and 70 of the First Schedule to… Read More
Grant of Presidential Awards of Appreciation Certificate on the occasion of Republic Day-2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE NEW DELHI, THE 24th JANUARY, 2012 4th MAGHA, 1933 SAKA ERA NOTIFICATION NO. 7 /2012(N.T) F.No.394/94/2011-Cus (AS) The President is pleased to award an Appreciation Certificate for ˜Specially distinguished record of service™ - to each of the under-mentioned officers of the Customs & Central Excise Department,… Read More
Eligibility criteria for Qualified Depository Participant
CIRCULAR CIR/ IMD/ FII&C/ 4/ 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories Sir / Madam, Sub: Eligibility criteria for qualified depository participant Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFI) were allowed to invest in schemes of Indian mutual funds and Indian equity shares… Read More
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