Amendment in FDI Policy on the Multi Brand Retail
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 1 (2013 Series) Subject: Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy' 1.0 Present Position: 1.1 As per paragraph 6.2.16.5 of `Circular 1… Read More
CLR Snippets | Minister Statement on current Index of Industrial Production
Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of April 2013 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the… Read More
DIPP explains definition of ˜group company™ under new FDI Policy
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 2(2013 Series) Subject : Foreign Direct investment Policy definition of ˜group company™ 1.0 The Government has decided to incorporate the following definition of ˜group company™ in the FDI Policy contained in ˜Circular 1 of 2013 Consolidated FDI Policy™, effective from… Read More
Central Government authorizes officers to function as Appellate Authority
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 21 (RE-2013)/2009-2014 New Delhi, dated the 13th June, 2013 S.O., In exercise of the powers conferred by clause (b) of sub-section (1) of Section 15 of the Foreign Trade (Development and… Read More
DGFT Authorizes officers for exercising powers under Sec 13 of FT(DR) Act 1992
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 20 (RE-2013)/2009-2014 New Delhi, dated the 13th June, 2013 S.O. (E)- In exercise of the powers conferred by section 13 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of… Read More
RBI™s Project Research Study on Indo-China Policies
Restructuring of India™s Domestic and External Policies needed for Effective Partnership between India and China: RBI™s Project Research Study The Reserve Bank India today released a Project Research Study titled India China Bilateral Trade Relationship on its website. This Project Research Study was entrusted to Prof. S. K Mohanty, Research and Information System for Developing Countries… Read More
Visa on Arrival Scheme – May’13 Review
Visa on Arrival Scheme Registeres a Growth of 37 Percent during May 2013 ; Highest Number of VoAs Issued to Japanese Tourists Visa on Arrival (VOA) scheme of the Government continues to be popular with foreign tourists. It registered a growth of 37.2% during May, 2013 as compared to May, 2012. During the month, a total… Read More
PM sets up Project Monitoring Group to Track Large Investment Projects
A meeting was chaired by Prime Minister Dr. Manmohan Singh, earlier this month, to discuss an institutional mechanism to track stalled investment projects, both in the public and private sectors and to remove the implementation bottlenecks in these projects on a fast-track basis. The Prime Minister directed that a special cell be created immediately in the… Read More
Wholesale Price Index – May 2013 Review
The official Wholesale Price Index for ˜All Commodities™ (Base: 2004-05 = 100) for the month May, 2013 rose by 0.1 percent to 171.6 (provisional) from 171.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.70% (provisional) for the month of May, 2013 (over May, 2012) as compared… Read More
Extension of Special Package of Industrial Incentive for the State of Jammu & Kashmir
The Department of Industrial Policy & Promotion (DIPP), Government of India, has extended the Special Package for Industrial Development of Jammu & Kashmir (J&K) for a further period of 5 years, upto 14th June, 2017. The earlier package of Industrial Incentive for the State of J&K was announced on 14.06.2002 for a period of 10 years… Read More
DTAA with Monaco
NOTIFICATION NO. 43/2013 DATED 12/06/2013 SO 924(E) - Whereas an Agreement (hereinafter referred to as the said Agreement) between the Government of the Republic of India and the Government of the Principality of Monaco for the exchange of information relating to tax matters was signed at Monaco on the 31st day of July, 2012 ; And… Read More
DGFT Notification on Export of Cut & Polished Diamonds
(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. 19(RE-2013) /2009-2014 New Delhi, Dated 12th June, 2013 Subject : Export of Cut & Polished Diamonds for Certification/ Grading &Re-import S.O (E) In exercise of the powers… Read More
Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 59/2013-CUSTOMS (N.T.) dated the 6th June, 2013 published in the… Read More
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