Foreign Trade Policy to be Announced in First Week of April
Before the announcement of the Foreign Trade Policy in the first week of April 2013, the Union Minister of Commerce, Industry & Textiles Shri Anand Sharma chaired the Board of Trade meeting here today. Recognising the stress that our trade is going through, and the need to enhance exports, we will be supportive, said Shri… Read More
Proposal to Reduce Subsidy on Fertilizers
The subsidy rates of Phosphatic and Potassic (P&K) fertilizers under Nutrient Based Subsidy Policy being implementedw.e.f. 1.4.2010, are fixed on annual basis taking into consideration all factors including international and domestic prices of these fertilizers, inventory level and exchange rate. Since the present international prices of P&K fertilizers are comparatively less as compared to those in last year, the subsidy rates for… Read More
SEBI Circular on Usage of electronic payment modes for making cash payments to the investors
CIRCULAR CIR/MRD/DP/10/2013 March 21, 2013 To, All Companies whose securities are listed on Stock Exchanges (through Stock Exchanges); All Registrars to an Issue and Share Transfer Agents (RTI & STA); All Depositories; All Stock Exchanges. Dear Sir / Madam, Sub: Usage of electronic payment modes for making cash payments to the investors 1. Please refer… Read More
TRAI notifies the regulation Standards of Quality of Service”
(Duration of Advertisements in Television Channels) (Amendment) Regulations, 2013 The Telecom Regulatory Authority of India (TRAI) has today notified the regulation Standards of Quality of Service (Duration of Advertisements in Television Channels) (Amendment) Regulations, 2013. TRAI has studied the issue of duration of advertisements being carried in TV channels. The data obtained from the Ministry… Read More
New Strategies for National Mission on agricultural Extension & Technology
New Strategy for Farm Mechanization in 12th Plan A new strategy is being formulated for farm mechanization during the Twelfth Five Year Plan. The aims & objectives of the proposed Sub Mission on Agricultural Mechanization (SMAM) under National Mission on agricultural Extension & Technology are as under:  Increasing the reach of farm mechanization to… Read More
Cabinet Committee Decisions taken on Investment since 30th January 2013
The Cabinet in its meeting held on 13.12.2012 approved the proposal of D/o Economic Affairs for constituting a new Cabinet committee on Investment. Accordingly, the Cabinet Committee on Investment was constituted by the Cabinet Secretariat letter no 1/11/3/2012-Cab dated 02.01.2013. The functions of the Committee are as under: (i) to identify key projects required to… Read More
Clearing operations on March 29, 30 and 31, 2013
RBI/2012-13/454 DPSS.CO.CHD.No./1674/ 03.01.03/2012-2013 March 21, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear sir, Clearing operations on March 29, 30 and 31, 2013 With a view to facilitate accounting… Read More
Inclusion of Westpac Banking Corporation in the Second Schedule to the RBI Act 1934
RBI/2012-13/457 Ref: DBOD. No.Ret. BC.86/12.07.136/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Westpac Banking Corporation We advise that the name of Westpac Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by… Read More
Inclusion of Sumitomo Mitsui Banking Corporation in the Second Schedule to the RBI Act 1934
RBI/2012-13/456 Ref: DBOD. No.Ret. BC. 85/12.07.137/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Sumitomo Mitsui Banking Corporation We advise that the name of Sumitomo Mitsui Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India… Read More
RBI Clarifications on Treatment of Contingent Liabilities for Priority Sector Lending
RBI/2012-13/455 RPCD.CO.Plan. BC 70/04.09.01/2012-13 March 22, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Madam/Dear Sir, Priority Sector Lending-Treatment of Contingent Liabilities Clarifications It has come to notice that some banks have included contingent liabilities/off-balance sheet items as part of priority sector target achievement. In this connection,… Read More
SEBI clarification to FIIs on offering Corporate bonds and Government securities as collateral
CIRCULAR CIR/MRD/DRMNP/9/2013 March 20, 2013 To All Stock Exchanges & Clearing Corporations All Registered FIIs and Custodians Sir / Madam, Sub: Corporate bonds and Government securities as collateral 1. Please refer to SEBI circular Nos. SEBI/DNPD/Cir- 32/2007 dated September 11, 2007 and CIR/MRD/DP/15/2010 dated April 28, 2010 permitting FIIs to offer, as collateral, cash and… Read More
MCA – Companies (Acceptance of Deposits Amendment) Rules, 2013
[TO BE PUBLISI-IED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART - II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, Dated, 21st March, 2013 G.S.R. read with section (E). - In exercise of the powers conferred by section 58A 642 of the Companies Act, 1956 (1 of 1956), the… Read More
MCA Circular on Relaxation of additional fees and extension of last date in filing of various forms
Circular No.07/2013 F. No. 17/187/2011-CL-V Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan Dr. R.P. Road, New Delhi-110001 Dated 20/03/2013 To, All the Regional Directors All the Registrar of Companies All Official Liquidators All Stakeholders. Sub: - Relaxation of additional fees and extension of last date in filing of various forms… Read More
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