CLR Snippets | Appointment of Judges in The High Court of Punjab & Haryana
In exercise of the powers conferred by clause (1) of Article 217 of the Constitution of India, the President has appointed (i) Shri Justice Paramjeet Singh, (ii) Shri Justice Naresh Kumar Sanghi, and (iii) Shri Justice Rameshwar Singh Malik, Additional Judges of the High Court of Punjab & Haryana, as Judges of that High Court with effect… Read More
CLR Snippets | Appointment of Acting Chief Justice of the High Court of Delhi
In exercise of the powers conferred by Article 223 of the Constitution of India, the President has appointed Shri Justice Badar Durrez Ahmed, senior-most Judge of the High Court of Delhi, to perform the duties of the office of the Chief Justice of that High Court with effect from today, the 10th of June, 2013, consequent… Read More
RBI Notificaiton – Ready Forward Contracts in Corporate Debt Securities
RBI/2012-2013/525 UBD.BPD. (SCB). Cir.No. 4 /16.20.000/2012-13 June 10, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Ready Forward Contracts in Corporate Debt Securities Please refer to paragraph 77 of the Second Quarter Review of Monetary Policy 2012-13 (extract enclosed) and circular No.IDMD.PCD.1423/14.03.02/2012-13 dated October 30, 2012 (copy enclosed) in terms of… Read More
RBI releases its Monthly Bulletin for June 2013
The Reserve Bank of India today released the June 2013 issue of its monthly Bulletin. The Bulletin includes five special articles: (i) Union Budget 2013-14: An Assessment; (ii) Developments in India's Balance of Payments during Third Quarter (October-December) of 2012-13; (iii) Inflation Expectations Survey of Households: 2012-13; (iv) Finances of Non-Government Non-Financial Public Limited Companies: 2011-12 and… Read More
RBI penalises Axis Bank, HDFC Bank and ICICI Bank
The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have been imposed in exercise of powers… Read More
Revving up the Growth Engine through Financial Inclusion
(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the 32nd SKOCH Summit held at Mumbai on June 6, 2013) Mr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission; Mr. U.K. Sinha, Chairman, SEBI; Mr. Sameer Kochhar, Chairman, Skoch Group; Ms. Stuti Kacker, Secretary, Department of Disability Affairs, Ministry of Social Justice and… Read More
CBEC Notifcation regarding 24×7 Customs Operation at Major Ports and Airports
INSTRUCTION -2 F. No. 450/25/2009 - Cus IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, Dated 21st May, 2013 To, All Chief Commissioner of Customs All Chief Commissioner of Customs (Preventive) All Chief Commissioner of Customs and Central Excise All Commissioners of Customs / Customs (Preventive)… Read More
CBDT Note – Cost Inflation Index – Amendment in Notification No. S.O. 709(E), dated the 20th August, 1998
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 40/2013 INCOME-TAX New Delhi, the 6th day of June, 2013 S.O. 1464(E) - In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment… Read More
DGFT – Amendment in Para 2.35 (b) of Foreign Trade Policy, 2009-2014
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. 16 (Re 2013)/2009-2014 New Delhi, Dated The 6th June, 2013 Subject: Amendment in Para 2.35 (b) of Foreign Trade Policy, 2009-2014. S.O. (E): In exercise of… Read More
Central Excise – Amendment to notification – Entry Substitutions
[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. 20/2013-Central Excise New Delhi, the 5th June, 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
Customs – Amendments to March 2012 Notification – Table item substitutions
[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. 31/2013-Customs New Delhi, the 5th June, 2013 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the Central Government,… Read More
ICWAI – President Communication June 2013
Dear Professional Colleagues, In today™s competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy business practice that helps in enhancing the performance and bottom-line results of the organization. Organizations are designing HR policies to achieve their overall objective. These polices include recruitment, training, performance appraisals, motivating employees as well as… Read More
ICAI President’s Message – June 2013
In the new Companies Bill, 2012, Corporate Social Responsibility (CSR) activities have got prime focus requiring all companies having net worth of 5000 crore or more, or, turnover of 1000 crore or more, or, a net profit of 5 crore or more during any financial year to constitute a dedicated CSR Committee of the Board consisting of three or… Read More
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