New Gas Pricing Guidelines: A READY RECKNOR ; Guidelines Expected to trigger Investment; add Production and reduce imports The Government recently approved new Gas Pricing Policy Guidelines which generated a large scale interest among various stake holders. To provide further clarify on the subject and to explain the rational behind this decision, following points would serve… Read More
Infrastructure Debt Funds (IDFS) to Play a key role in the Financing of the Overall Requirements of Infrastructure Funding , says Arvind Mayaram, Secretary, DEA; CRISIL AAA Credit Rating to India Infradebt Limited An IDF-NBFC Shri Arvind Mayaram, Secretary, Department of Economic Affairs, Ministry of Finance said that Infrastructure Debt Funds (IDFs) are going to… Read More
Revenue Secretary Assures Trade and Industry Associations that their Concerns with Regard to Service Tax Voluntary Compliance Encouragement Scheme 2013 will be Duly Addressed The Revenue Secretary, Shri Sumit Bose said that the concerns of the industry relating to Service Tax Voluntary Compliance Encouragement Scheme (VCES) 2013 will be duly addressed and the necessary clarification(s)… Read More
Following are the some frequently asked questions and their answers on the Food Security Ordinance :- As per the Ordinance, only 67% of the population will be covered under TPDS. Why the coverage cannot be universalized? The entitlement proposed in the Bill are based on recent trends in production and procurement of foodgrains. The average… Read More
The National Food Security Ordinance is a historic initiative for ensuring food and nutritional security to the people. It gives right to the people to receive adequate quantity of foodgrains at affordable prices. The Food Security Bill has special focus on the needs of poorest of the poor, women and children. In case of non-supply of foodgrains now people will get… Read More
Shri Kapil Sibal Inaugurates Annual Conference of CCAs The annual conference of the Controllers of Communication Accounts (CCAs) of the Department of Telecom was inaugurated by the Minister for Communications and Information Technology Sh Kapil Sibal here today. The inauguration was also attended by the Secretary and Members of the Telecom Commission. In his inaugural… Read More
The Union Minister of Commerce & Industry Shri Anand Sharma co-chaired the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) Economic and Business Conference in Port Louis, Mauritius. Following is the Press Communiqué released after the Conference: 1. We, the Ministers of Trade, Commerce and Industry of Member States and Dialogue Partners of the Indian… Read More
The President of India, Shri Pranab Mukherjee promulgated the National Food Security Ordinance, 2013 today (July 5, 2013). Rashtrapati Bhawan July 05, 2013 Read More
RBI/2013-14/96 RPCD.MSME & NFS.BC.No.5/06.02.31/2013-14 July 1, 2013 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives… Read More
RBI/2013-14/107 RPCD.CO.Plan.BC 9 /04.09.01/2013-14 July 01, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, MASTER CIRCULAR - PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. In order… Read More
The much awaited Companies Bill, 2012, has been approved by the Lok Sabha, which seeks to revise and modify the existing company law, in consonance with changes in national and international economic environment. In view of these emerging issues and key developments, ASSOCHAM is organizing National Conferences on Companies Bill 2012 - Highlights & Insights on… Read More
The Competition Appellate Tribunal (the COMPAT) passed a final order on 18th April 2013, dismissing the appeals filed by various explosives manufacturers against the Competition Commission of India's (CCI) order dated 16 April 2012, unanimously finding them guilty of a contravention of section 3 of the Competition Act, 2002 (the Competition Act).[1] The CCI had found ten… Read More
RBI/2012-13/109 DBOD No BP.BC. 8/21.04.141/2013-14 July 1, 2013 All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Master Circular Prudential norms for Classification, Valuation and Operation of Investment Portfolio by Banks Please refer to the Master Circular No. DBOD.BP.BC.13/21.04.141/2012-13 dated July 2, 2012, containing consolidated instructions/guidelines issued to banks till June 30, 2012, on matters relating to… Read More