Consumer Price Index Numbers for Industrial Workers (CPI-IW) June 2013
According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for June, 2013 rose by 3 points and pegged at 231 (two hundred and thirty one). On 1-month percentage change, it increased by 1.32 per cent between May and June compared with 0.97 per cent between… Read More
OFS for divestment of GoI™s equity in National Fertilizers Limited
National Fertilizers Limited (NFL) Issue Over-Subscribed At 1.55 Times; The Government to Receive Approximately Rs. 101 Crore Towards Divestment Receipts The OFS for divestment of 7.64% of Government of India™s equity in National Fertilizers Limited (NFL) was done today on both the stock exchanges i.e. BSE & NSE. The Issue was over-subscribed at 1.55 times… Read More
RBI Notification on Risk Management and Inter-bank Dealings
RBI/2013-14/169 A.P. (DIR Series) Circular No. 18 August 1, 2013 To, All Category - I Authorised Dealer Banks Madam / Sir, Risk Management and Inter-bank Dealings Attention ofAuthorised Dealers Category I (AD Category I) banks is invited to AP (DIR) Circular No. 121 dated June 26, 2013 wherein it was clarified that if an FII wishes to… Read More
Index of Eight Core Industries
The summary of the Index of Eight Core Industries (base: 2004-05) is given at Annexure. The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stands at 151.2 in June, 2013, which was 0.1% higher compared to the index of June, 2012. Coal Coal production (weight: 4.38%)… Read More
Revised PD Returns for Primary Dealers
RBI/2013-14/168 IDMD.PDRD.No. 346 / 10.02.23 / 2013-14 July 31, 2013 All the Primary Dealers Dear Sir/Madam, Revised PD Returns for Primary Dealers A reference is invited to para 3.8 of RBI™s Master Circular IDMD.PDRD.01/03.64.00/2013-14 dated July 01, 2013 on Operational Guidelines to Primary Dealers regarding reporting requirements of various regulatory returns submitted at periodic intervals to RBI.… Read More
New Secretary Assumes Charge in the Department of Justice
Smt. Anita Kaul, a 1979 batch IAS officer of the Karnataka cadre, here today took charge as the Secretary, Department of Justice in the Ministry of Law & Justice. She brings with her rich administrative experience as she has worked in various capacities at the Centre and the State level. Immediately before joining the Department… Read More
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/166 RPCD.RRB.BC.No.17/03.05.33/2013-14 July 31, 2013 All Regional Rural Banks Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to announcement made in Monetary Policy Statement 2013-14 on May 3, 2013 on ˜Recommendations of Damodaran Committee- Uniformity in Intersol Charges™. 2. With the introduction of Core Banking Solution (CBS),… Read More
DGFT invites suggestions to prevent unintended benefit under Incremental Export Incentivisation Scheme
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 6/2013 Dated 31st July, 2013 To All RAs of DGFT Members of Trade Export Promotion Councils Subject: Inviting Suggestions to prevent unintended benefit under Incremental Export Incentivisation Scheme Government had announced ˜Incremental Export… Read More
Simplifying Norms for Periodical Updation of KYC for Urban Cooperative Banks
RBI/2013-14/167 UBD.BPD (PCB) Cir. No. 2 /14.01.062/2013-14 July 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT)/ Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Simplifying norms for Periodical Updation of KYC - Primary (Urban) Co-operative… Read More
Special counters for filing returns of Income from 31st July,2013 to 5th August,2013, New Delhi.
F. No. 225/117/2013/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 31st of July, 2013 Order under Section 119 of the Income-tax Act 1961 The Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income tax Act, 1961, hereby extends… Read More
Single Window Clearance To Promote India as A Films Hub and Destination Secretary (I&B)
I&B Ministry Develops Sop for Film Shooting in India Online Portal and Website to Facilitate Applications Ministry Convenes National Workshop on ˜Single Window™ Clearance The Ministry of Information & Broadcasting will be working to mainstream a synchronized ˜Standard Operating Procedures (SOP)™ for obtaining permissions for films shooting in India for both Indian and foreign film… Read More
FM Speak – On 1 year at the Helm of Country’s Finance Affairs
Following is the text of the Statement made by the Union Finance Minister Shri P.Chidambaram while addressing a Press Conference here today: I complete one year as the Finance Minister today. I look back to the First Statement made by me on August 6, 2012 and how we overcame, in good measure, the challenges outlined by me in that… Read More
Rate of Interest Subvention Increased from 2% to 3%
Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are beneficiaries of this scheme. In addition, the exporters… Read More
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