MSME sector contribution to Exports increases
MSME Contribution The MSME sector contributes around 9% of GDP and accounts for around 45% of the manufacturing output and around 36% of total value of exports says MSME Minister Shri K.H. Muniyappa, Minister of State (Independent Charge) for MSME on the eve of the main event of National Award Presentation while addressing the Media… Read More
CECA Negotiations between India & Eurasian Economic Commission
(CECA) Comprehensive Economic Cooperation Agreement Negotiations India and Eurasian Economic Commission (EEC) today agreed to move towards starting negotiations for a Comprehensive Economic Cooperation Agreement (CECA) between India and Customs Union (CU) that comprises the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation. In a bilateral meeting with Mr. Viktor Khristenko, Chairperson of… Read More
ADB to grant loan for improving Rural Roads in Some Indian States
ADB & GoI sign Loan Agreement for Improvement of Rural Roads ADB and the Government of India Sign A $ 252 Million Loan to Continue improving Rural Roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal The Asian Development Bank (ADB) and the Government of India today signed here a $252… Read More
Perishable Agro Products to be accorded priority
Circular No. 12 / 2013-Customs F.NO. 450/7/2012- Cus IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Dated the 02nd April, 2013 To; All Chief Commissioners of Customs / Customs ( Prev) All Chief Commissioners of Customs & Central Excise. All Director Generals of CBEC All Commissioners of Customs… Read More
RBI proposes New Capital Adequacy Framework
RBI/2012-13/467 DBOD.No.BP.BC.89.21.04.009/2012-13 April 02, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks & Regional Rural Banks) Dear Sir/ Madam, New Capital Adequacy Framework- Non-market related Off Balance Sheet Items - Bank Guarantees Please refer to the Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012 on ˜Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)™.… Read More
CBEC Clarification regarding expansion of an eligible unit by acquiring adjacent plot of land
Circular No. 968/02/2013-CX F. No. 101/09/2012-CX3 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 1st April, 2013 To, All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Director Generals Sir/Madam Sub.:- Clarification regarding admissibility of exemption under area-based Notifications No.… Read More
FII Debt Limits Rationalisation – SEBI Simplifies Framework
CIRCULAR CIR/IMD/FIIC/6/2013 April 1, 2013 To All Foreign Institutional Investors Through their designated Custodians of Securities Dear Sir/Madam Sub: Rationalisation of Debt Limits 1. The Government of India has issued a Press Release dated March 23, 2013 wherein, inter alia, the following measures have been proposed to simplify the framework of FII debt limits :… Read More
Amendment to SEBI (Know Your Client) Registration Agency Regulations
CIRCULAR CIR/MIRSD/ 4 /2013 March 28, 2013 1. KYC Registration Agencies (KRAs), 2. Stock Brokers through Stock Exchanges, 3. Depository Participants (DPs) through Depositories, 4. Mutual Funds (MFs) through Association of Mutual Funds in India (AMFI) 5. Portfolio Managers (PMs) 6. Alternative Investment Funds (AIFs) 7. Collective Investment Schemes (CIS), Dear Sirs, Sub: Amendment to… Read More
RBI Simplifies KYC / AML Norms for Self Help Groups
RBI/2012-13/461 RPCD.RCB.RRB.AML.BC.No.71/07.51.018/2012-13 April 01, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying KYC / AML norms for Self… Read More
Guidelines on Investment in Insurance for Core Investment Companies
RBI/2012-13/466 DNBS(PD) CC.No.322/03.10.001/2012-13 April 1, 2013 All NBFCs Dear Sirs, Core Investment Companies Guidelines on Investment in Insurance At present NBFCs venturing into insurance are guided by the circular DNBS(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 on amendment to NBFC Regulations which contains the ˜Guidelines for entry of NBFCs into Insurance™. In view of the unique business model of… Read More
Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt
RBI/2012-13/465 A.P. (DIR Series) Circular No.94 April 01, 2013 To All Category I Authorised Dealer Banks Madam / Sir, Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of… Read More
FEMA Regulations, Eighth Amendment 2013 – Transfer or Issue of Security by a Person Resident outside India
Reserve Bank of India Foreign Exchange Department Central Office Mumbai Notification No. FEMA.272/2013-RB Dated March 26, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eighth Amendment) Regulations, 2013 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the… Read More
Exim Bank’s Line of Credit to Government of the Republic of Benin
RBI/2012-13/464 A.P. (DIR Series) Circular No. 93 April 1, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Benin Export-Import Bank of India (Exim Bank) has concluded an Agreement dated August 23, 2012 with the Government… Read More
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