Evolving Regulations and Emerging Market Challenges – The Indian context
(Keynote address by Shri G Padmanabhan, Executive Director, Reserve Bank of India at the 8th Annual Conference of the Foreign Exchange Dealers' Association of India, held in Singapore on May 24, 2013) It is a pleasure to once again address the practitioners of foreign exchange at this Seminar organized by the Foreign Exchange Dealers Association of… Read More
UIDAI launches Aadhaar based Iris Authentication
Developing on its vision of Empowering residents of India with a unique identity and a digital platform to authenticate anytime, anywhere, the Unique Identification Authority of India (UIDAI) today unveiled three new Aadhaar-Enabled Services and announced the establishment of first set of permanent enrolment centres (Aadhaar Kendras). The services that were launched today are Authentication services using Iris,… Read More
Prime Minister™s Speech at SEBI™s Silver Jubilee Celebration
Following is the text of the Prime Minister, Dr. Manmohan Singh™s speech at the SEBI™s Silver Jubilee Celebration in Mumbai today: "I am truly delighted to participate in SEBI™s Silver Jubilee celebrations. I share a very special bond with SEBI because I was the Finance Minister of India when it became a statutory body. I… Read More
Prime Minister Lays the Foundation Stone of Indian National Defence University
ThePrime MinisterDr.Manmohan Singh today in an impressive function laid the foundation stone for the Indian National Defence University (INDU) at Binola, Gurgaon in Haryana. The event was attended among others by the Governor of Haryana Shri JagannathPahadia, Defence Minister Shri AK Antony, Minister of External Affairs Shri Salman Khurshid, Minister of Social Justice and EmpowermentMs.SeljaKumari,… Read More
Uttarakhand Plan for 2013-14 Finalized
The Annual Plan for the year 2013-14 for the state of Uttarakhand was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Uttarakhand, Mr. Vijay Bahuguna. The plan size has been agreed at Rs. 8,500 crore. In his comments on the plan performance of the… Read More
FM Speak :: Inflation Showing Downward Trend While Foreign Inflows Are Copious
Issue of Quantitative Easing in USA, China and Japan has no Relevance at all To the Situation in India; Inflation Showing Downward Trend While Foreign Inflows Are Copious; No Need for any kind of Nervousness; Oil Subsidy Bill for this year not to Exceed Rs.80,000 Crore: FM The Union Finance Minister Shri P.Chidambaram said that… Read More
Shri Shashi Kant Sharma Takes Over as CAG of India
Shri Shashi Kant Sharma assumed the office of Comptroller and Auditor General of India here today. He took over this office after the President of India, Shri Pranab Mukherjee administered him the oath of office and secrecy. He belongs to the 1976 batch of Indian Administrative Service (Bihar Cadre). Shri Sharma was welcomed in the… Read More
Govt Allows excise duty-free sale of goods manufactured in India at the Duty Free Shops
Excise Duty free Sale of Goods Manufactured in India Allowed to International Passengers or Members of Crew Arriving from Abroad and to Passengers Going Out of India at The Duty free Shops Located at International Airports of the Country. The Government issued notification today so as to allow excise duty-free sale of goods manufactured in… Read More
CLR Snippets | Restructuring of the Income Tax Department
The Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres. This will help the Income Tax Department collect increased revenue and provide better tax payers services. An… Read More
CCI advises Security Agencies to adhere to approved timelines for grant of security clearances
The Cabinet Committee on Investment today directed various security agencies to adhere to the timeline of 12 weeks already approved by the Cabinet Committee on Security, for grant of security clearances for port infrastructure improvement projects. In the year 2012-13, 32 projects were awarded resulting in capacity addition of 136.75 MTPA and involving an investment… Read More
RBI Liberalised Remittance Scheme for Resident Individuals Reporting in Soft Form only
RBI/2012-13/504 A. P. (DIR Series) Circular No. 106 May 23, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for Resident Individuals Reporting Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.36 dated April 04, 2008, in… Read More
Cabinet Committee on Investment resolves bottlenecks in road development sector
The Cabinet Committee on Investment was informed today that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project (NHDP) have now been removed as a result of the efforts made by the Ministry. Other unresolved issues fall in the domain of other… Read More
Government Takes Action for Complying with New Standards for Import of Bulk Drugs into EU
The Government of India has demonstrated its keenness to meet international requirements for exports of pharmaceutical products yet again by taking timely action for complying with the new procedural requirements of the European Union (EU) for import of Active Pharmaceutical Ingredients (APIs) into the EU. APIs are commonly referred to as bulk drugs in the… Read More
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