Corporate Law Reporter - The Daily Journal

CLR Urgent | Last Date of IT Filing of Returns Extended to 5th August, 2013

There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 which is 46.8 % higher than the returns e-filed during the corresponding period of the last fiscal year. Due to large number of taxpayers accessing e-filing website on due date… Read More

Chhattisgarh Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Chhattisgarh was finalised today at a meeting between ShriMontek Singh Ahluwalia, Deputy Chairman, Planning Commission and Dr. Raman Singh, Chief Minister of Chhattisgarh. The Plan size has been agreed at Rs.25,250crore which includes the central assistance to the State Plan of about Rs.2,574 crore. In addition,… Read More

Central Excise exemptions to scheduled formulations as defined under the Drugs Price Control Order (DPCO), 2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.22 /2013-Central Excise New Delhi, the 29th July, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of theCentral Excise Act, 1944 (1 of 1944), the Central… Read More

Notifies rate of interest in respect of rupee denominated bond of an Indian company – section 194LD(2)

[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. 56/2013 New Delhi, the 29th day of July, 2013 S.O. 2311(E) - In exercise of the powers conferred by the proviso to sub-section (2) of section 194LD of… Read More

EPFO to give Priority to timely Settlement of Claims for Provident Fund

Union Labour & Employment Minister Shri Sis Ram Ola has emphasized that the Employee Provident Fund Organization (EPFO) must give priority to timely settlement of claims for provident fund. In a meeting with the senior officers of EPFO the minister has also emphasized that due to improvement and availability of technology, the citizen rightly expects… Read More

GoI & RBI on Same Page towards achieving Stability and Growth

RBI and The Government on the Same Page and working together to Achieve Stability and Growth; Government Welcomes the RBI Policy Statement : CEA The Reserve Bank of India (RBI) came out with its policy statement this morning. The RBI left policy rates on hold. Dr Raghuram Rajan, Chief Economic Adviser (CEA), Ministry of Finance… Read More

Overwhelming Response for e-filing from Every Corner of the Country

Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than 85,000 Returns Per Hour Achieved The due date for filing of Income Tax Return for… Read More

TRAI issues draft amendment regulations for strengthening the Telecom Consumers Complaint Redressal Regulations

TRAI, with a view to protect the interests of the consumers, issued the Telecom Consumers Complaint Redressal Regulations, 2012 on 5th January 2012, laying down a revised frame work for addressing the complaints of consumers by telecom service providers for making the complaint redressal more effective. TRAI had received a number of representations from consumer organisations… Read More

TRAI releases consultation paper on Foreign Direct Investment in Broadcasting Sector

The Telecom Regulatory Authority of India (TRAI) has today released a consultation paper on Foreign Direct Investment (FDI) limits in various segments of the broadcasting sector in India. The Authority has, from time to time, given its recommendations on the subject of FDI in various segments of broadcasting sector, either suo motu or on request… Read More

Government calls upon industry to invest in R&D in agrochemicals sector

The Government has called upon agrochemicals industry to invest in Research & Development and innovations in agrochemicals sector. Delivering the inaugural address at a two-day Third National Conference here today, the Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Shri Indrajit Pal said that in order to remain globally competitive, the industry… Read More

Auction of Government of India Dated Securities

Ref.No.IDMD/292/08.02.032/2013-14 July 29, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) (a) 7.28 Government stock 2019 for a notified amount of Rs.3,000 crore (nominal) through a price… Read More

Frauds in the Banking Sector: Causes, Concerns and Cures

(Inaugural address by Dr. K. C. Chakrabarty , Deputy Governor, Reserve Bank of India on July 26, 2013 during the National Conference on Financial Fraud organized by ASSOCHAM at New Delhi) Dr. Rana Kapoor, President, ASSOCHAM and MD & CEO, Yes Bank; Shri M. J. Joseph, Additional Secretary and Chief Vigilance Officer, Ministry of Corporate… Read More

First Quarter Review of Monetary Policy 2013-14

By Dr. D. Subbarao Governor Introduction Since early May when the Reserve Bank issued its Monetary Policy Statement for 2013-14, global growth has been uneven and slower than initially expected. The tail risks to global recovery had eased in the early part of the year, but that improvement was overtaken by the turmoil in financial… Read More