Plan Scheme for creation of consumer awareness for the 12th Five Year Plan
The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Consumer Affairs to continue the Plan Scheme for creation of consumer awareness with a total outlay of Rs.409.29 crore. This fund will be utilized during the 12th Five Year Plan for strengthening the consumer movement by spreading consumer literacy through a… Read More
Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012
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. 33 (RE2013)/2009-2014 New Delhi, Dated 7th August, 2013 Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and… Read More
Income-tax (12th Amendment) Rules, 2013 – Furnishing of information by the person responsible for making payment to a non-resident, not being a company, or to a foreign company
[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. 58/2013 DATED 5-8-2013 SO 2363(E) - In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961),… Read More
CLR Snippets | RBI transfers surplus profit to Government of India
The Reserve Bank's Central Board, at its meeting held today, approved the transfer of surplus profit to the Government of India amounting to ` 330.10 billion for the year ended June 30, 2013 as against ` 160.10 billion for the year ended June 30, 2012. Alpana Killawala Principal Chief General Manager Press Release : 2013-2014/282 Read More
Amendment in Rule 21AB and Insertion of Form 10F – Income-tax (11th Amendment) Rules, 2013
[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. 57/2013 DATED 1-8-2013 S.O. 2331(E) - In exercise of the powers conferred by section 90 and section 90A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board… Read More
Income-tax (13th Amendment) Rules, 2013 – Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U
[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. 59/2013 DATED 5-8-2013 S.O. 2364(E)-In exercise of the powers conferred by sub-section (2) of section 115U read withsection 295 of the Income-tax Act, 1961 (43 of 1961), the… Read More
Central Excise circular on exemption of duty on specified goods affixed with brand/trade name of another person
[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 10/2013 - Central Excise (N.T.) New Delhi, the 02 August, 2013 G.S.R. (E) Whereas the Central Government is satisfied that a practice was generally prevalent regarding levy of duty of excise… Read More
Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy Circular No. 4/2009-2014 (RE 2012) Dated: 8th August, 2013 To All Regional Authorities (RAs); All Commissioners of Customs; Exporting Community Subject: Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated… Read More
Exemption u/s 35(1) – Approved Scientific Research Associations/Institutions – National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore
[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. 60/2013 DATED 7-8-2013 It is hereby notified for general information that "National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore, (PAN-AABTN6120B) has been… Read More
SEBI Circular for Application for change in category of the Alternative Investment Fund
Securities and Exchange Board of India CIRCULAR CIR/IMD/DF/12/2013 August 07, 2013 To All Alternative Investment Funds Dear Sir / Madam, 1. SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) were notified on May 21, 2012. Sub: Application for change in category of the Alternative Investment Fund Regulation 7(2) of AIF Regulations specifies as under: "An… Read More
RRBs – Frontloading of branches in unbanked rural areas
RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14 August 7, 2013 The Chairman All Regional Rural Banks Dear Sir, Frontloading of branches in unbanked rural areas Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.… Read More
RBI Study on Impact of Real Interest Rate on Growth and Investment
While lower real interest rates can stimulate growth and investment, central bank cannot adopt a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold the negative impact of inflation on growth outweighs its positive impact through lower real interest rate. This was the conclusion of a study undertaken by… Read More
SEBI Circular regarding Utilisation period for FII investments in Government Debt Limits
SEBI has issued a circular CIR/IMD/FIIC/11/2013 dated July 31, 2013 regarding the utilisation period for Government Debt limits. In accordance with the said circular, FIIs/QFIs shall be permitted to utilise the debt limits allocated to them in each monthly auction till the 17th day of the succeeding month. Any unutilised limit as on the 18th… Read More
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