FEMA - Corporate Law Reporter

Prevention of Money-laundering (Amendment) Act, 2012 notified to be enforced from 15th Feb 2013

The Gazette Of India Extraordinary Part II Section 3 Sub Section (ii) Published by Authority New Delhi, Friday, February 8, 2013/Magha 19, 1934 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 8th February, 2013 S.O. 343(E).-In exercise of the powers conferred by sub-section (2) of Section 1 of the Prevention of Money-laundering (Amendment)… Read More

International Seminar on Principles of Financial Market Infrastructures and Innovations in Retail Payments

International Seminar on Principles of Financial Market Infrastructures and Innovations in Retail Payments (Valedictory address delivered by Shri. G. Padmanabhan, Executive Director at the International Seminar on Principles for Financial Market Infrastructures and Innovations in Retail Payment Systems organized by Reserve Bank of India on February 15, 2013 at New Delhi) Distinguished speakers, participants, other… Read More

Pesticides under SION J-373 deleted as permissible input

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I -SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 49(RE:2012)/2009-2014 NEW DELHI : DATED :13.02.2013 Subject: Deletion of pesticides from SION, J-373 (Textile Product). In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade… Read More

RBI Clarifies Gold Deposit Scheme for Mutual Funds & Exchange Traded Funds

Gold Deposit Scheme RBI/2012-13/415 DBOD.No.IBD.BC. 81/23.67.001/2012-13 February 14, 2013 All Scheduled Commercial Banks authorized to deal in Gold Dear Sir / Madam Gold Deposit Scheme The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country™s reliance on import of gold and providing its owners with some income… Read More

RBI sets up Technical Committee on Services/Facilities for the Exporters

Given the current global and Indian scenario and the importance of export sector in the overall context, the Reserve Bank of India has constituted a technical committee to examine issues relating to difficulties being faced by exporters with regard to availability of credit, transaction costs, insurance and factoring and other procedural hassles in their dealings… Read More

RBI releases its monthly Bulletin for February 2013

RBI releases its monthly Bulletin for February 2013 The Reserve Bank today released the February 2013 issue of its monthly Bulletin. The Bulletin contains the Statement on Third Quarter Review of Monetary Policy 2012-13, the fifteenth C. D. Deshmukh Memorial Lecture, the first Prof. Tendulkar Memorial Oration and regular features, viz., speeches of the top… Read More

Banking as a Fundamental Right of People – Deputy Governor, RBI

Banking as a Fundamental Right of People! (Address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the 27th National Conference of the AIBEA at Kochi on February 9, 2013) 1. Com. Rajen Nagar, President and Com. C H Venkatachalam, General Secretary of All India Bank Employees Association (AIBEA), Shri P. Sainath, Rural… Read More

Opening of NRO accounts by individuals of Bangladesh Nationality

All related circulars are being attached here for reference. RBI/2012-13/414 A.P.(DIR Series) Circular No. 82 February 11, 2013 To All Authorised Dealer banks and Authorised banks Madam / Sir, Opening of NRO accounts by individuals of Bangladesh Nationality Attention of all the Authorised Dealer banks and Authorised banks (Authorised banks) is invited to Paragraph… Read More

DGFT stops export of Stone Aggregates to Maldives

To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No 34 (RE2012)/2009-2014 New Delhi, Dated: 8th February, 2013 Subject: Export of Stone Aggregate to Maldives. S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade… Read More

Amendment in computation of freely transferable duty credit scrip under EPCG Scheme

To be published in The Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public Notice No. 48/2009-2014 (RE-2012) Dated the 8th February, 2013 Subject: Amendment in Provisions of Para 5.23 of HBP v1 (EPCG Scheme). In… Read More

DGFT modifies policy related to Duty paid on capital goods under Post Export EPCG Scheme

(To be published in the Gazette of India Extraordinary) Part II, Section 3, Sub-Section (II) Government of India Ministry of Commerce and Industry Department of Commerce Udyog Bhawan Notification No. 33 (RE-2012) /2009-2014 New Delhi, the 8th February, 2013 Subject: Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme S.O (E) : In exercise of the powers… Read More

Modifications in the Handbook of Procedures, Vol.II (SION Book)

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I -SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE NO.47(RE:2012)/2009-2014 NEW DELHI : DATED : 08.02.2013 In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes… Read More

FM response to Advance Estimates of GDP for 2012-13

Finance Ministry™s Response to Advance Estimates Released by the CSO; Ministry Keeping a Watch on the Situation, have taken and Will Continue to Take Appropriate Measures to Revive Growth; Hope to End the Year on a Better Note The Central Statistics Office (CSO) has released the Advance Estimates of GDP for 2012-13. These are only… Read More