RBI Guidelines on Valuation of Bonds issued by State Distribution Companies (Discoms)
RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13 June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office… Read More
RBI Rationalisation of Returns
RBI/2012-2013/556 MPD.PMD .BC.365/07.01.279/2012-13 June 27, 2012 Ashadha 6, 1935 (S) To, All Scheduled Commercial Banks Dear Sir / Madam, Rationalisation of Returns Please refer to our circular MPD.BC.218/07.01.279/2002-03 dated July 24, 2002 on the captioned subject. 2. At present, banks are submitting following SFR Returns/Statements. SFR II SFR III SFR VIII Statement on daily maintenance of SLR… Read More
Developments in India™s Balance of Payments during the Fourth Quarter (January-March 2013) of 2012-13
Preliminary data on India™s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March 2013 of the financial year 2012-13, are now available. Based on these, the BoP data for 2012-13 have been compiled, which also incorporates the revisions for the earlier quarters, if any. While Statement I presents BoP data in the format suggested in IMF™s… Read More
Sources of Variation in Foreign Exchange Reserves in India during 2012-13
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for 2012-13 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2012-13 have been compiled. Sources of Variation in Foreign Exchange Reserves: 2012-13 During 2012-13, there was a decline in the… Read More
India™s External Debt end-March 2013
As per the standard practice, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt… Read More
India™s International Investment Position (IIP), March 2013
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an… Read More
RBI releases Financial Stability Report: June 2013
The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness, timing and pace of imminent exit from unconventional monetary policies by the US is intensifying and the consequent tremors are being felt in financial markets across the… Read More
Credit Agreement Worth US$ 84 Million Signed with World Bank for Bihar
An agreement for credit of US$ 84 million (equivalent) from World Bank for the Bihar Panchayat Strengthening Project was signed today at New Delhi. Mr. Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of Government of India and Mr. Michael Haney, Operations Advisor, World Bank, India on behalf of the… Read More
FM Speak :: Skill Development Needed to Fill the Significant Gap
Skill Development Needed to Fill the Significant Gap between the Actual Skills of Large Number of Candidates Passing Out from Various Schools, Colleges and Professional Institutions Across the Country and the Skills Needed in the Industry; Business and Corporate Houses Must Work Closely with NSDC to Achieve Theambitious Target of Providing Skills to 500 Million… Read More
CLR Snippets | D.C. Bajaj Appointed as Chief Adviser Cost in the Ministry of Finance
Shri D.C. Bajaj has been elevated to the position of Chief Adviser Cost in the Ministry of Finance, Department of Expenditure. Chief Adviser Cost is responsible for advising the Ministries and Government undertakings on cost accounts matters and undertaking cost investigation on their behalf. Shri Bajaj is the senior most officer of the Indian Cost Accounts… Read More
Customs House Agents Licensing Regulations, 2013
[To be published in the Gazette of India, Extraordinary, Part II, Sector 3, Sub- section (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 65/2013 - Customs (N.T.) New Delhi, the 21st June, 2013 In exercise of the powers conferred by sub-section (2) of section 146 of the Customs Act, 1962 (52 of 1962), and in… Read More
RBI Notification on Risk Management and Inter Bank Dealings
RBI//2012-13/554 A.P. (DIR Series) Circular No.121 June 26, 2013 To All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category I (AD Category - I) banks is invited to section C of the Annex to A.P.(DIR Series) Circular No. 32 dated December 28, 2010 on… Read More
External Commercial Borrowings (ECB) Policy Structured Obligations
RBI//2012-13/553 A.P. (DIR Series) Circular No.120 June 26, 2013 To All Authorised Dealer Category - I Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Structured Obligations Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 40 dated March 02, 2010 and A.P. (DIR Series) Circular No.… Read More
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