Legislation for Price Control and Monitoring of Drugs
To implement the provisions of National Pharmaceutical Pricing Policy, 2012, the process of finalising a new Drug (Price Control) Oder has started. National Pharmaceutical Pricing Authority is the implementation authority of existing Drug (Price Control) Order the National Pharmaceutical Pricing Policy, 2012 and the new Drugs (Prices Control) Order. This information was given by the… Read More
Budget Allocation to “Bringing Green Revolution to Eastern India” under Rashtriya Krishi Vikas Yojana
Keeping in view the enthusiastic results of the implementation of BGREI programme, an allocation of Rs. 1,000crore has been announced for the programme in the Budget Speech for the year 2013-14. In addition, National Food security Mission (NFSM) and Rashtriya Krishi Vikas Yojana (RKVY) etc. are also being implemented in BGREI States for increasing agricultural output. The programme of Bringing Green Revolution to Eastern India (BGREI)… Read More
DGFT makes Amendments to specified goods list (SCOMET)
TO BE PUBLISHED IN THE GAZETTE OF INDIA PART II, SECTION 3, SUB SECTION (ii) EXTRAORDINARY GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 37 (RE-2012) /2009-2014 DATED: 14th MARCH, 2013 S.O. (E) -In exercise of powers conferred by Section 5 and Section 14 A of the Foreign Trade (Development & Regulation) Act, 1992 {FT(D&R) Act,1992} as amended… Read More
RBI Discontinues Centralised Funds Management System
RBI/2012-13/442 DPSS (CO) No. 1594/04.08.002/2012-13 March 15, 2013 The Chariman / Managing Director / Chief Executive Officer All CFMS Member Banks Madam / Sir, Discontinuation of CFMS As you are aware, funds transfer through Centralised Funds Management System (CFMS) has been discontinued with effect from January 1, 2013. The access to CFMS information and data… Read More
RBI Working Paper :: Financial Structures and Economic Development in India
The Reserve Bank today placed on its website a Working Paper titled Financial Structures and Economic Development in India: An Empirical Evaluation under the RBI Working Paper Series. The paper has been authored by Dr. Satyananda Sahoo. While the role of the financial structures in economic development is not a new theme in the economics… Read More
Income Tax Offices to remain open on 30th and 31st March 2013
SECTION 119 OF THE INCOME TAX ACT, 1961 - INCOME TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - ORDER FOR FACILITATING FILING OF IT RETURNS BY TAX PAYERS FOR F.Y. 2012-13 ON 30th & 31st MARCH, 2013 ORDER [F. NO. 225/45/2013/ITA.II], DATED 13-3-2013 The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and… Read More
RBI Format for Collection of Information on Customer Grievances
RBI/2012-13/441 DPSS.CO.OSD. No.1604 /06.06.005/2012- 13 March 14, 2013 To All entities authorised to issue pre-paid payment instruments in India. Dear Sir, Collection of Information on Customer Grievances All entities authorised for issuance of prepaid payment instruments in India are advised to submit the data related to customer grievances received and resolved, on a quarterly basis,… Read More
RBI procedures for reporting and accounting of collection of Direct & Indirect Taxes
RBI/2012-13/440 DGBA.GAD.No.H - 5353/42.01.029/2012-13 March 14, 2013 The Chairman & Managing Director / The Chief Executive Officer All Agency Banks Dear Sir / Madam, Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions -… Read More
Maintenance of Collateral by FIIs for transactions in the cash and F & O segments
RBI/2012-13/439 A.P. (DIR Series) Circular No. 90 March 14, 2013 To All Category I Authorised Dealer Banks Madam / Sir, Maintenance of Collateral by Foreign Institutional Investors (FIIs) for transactions in the cash and F & O segments Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to Schedule 5 to the… Read More
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
RBI/2012-13/438 FMD.MSRG.No. 75/02.05.002/2012-13 March 13, 2013 All Category I Authorised Dealer Banks Madam/Sir, Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives Please refer to our circular FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012 on the captioned subject, wherein we had advised, inter alia, that all/selective trades in OTC foreign exchange and interest rate derivatives between… Read More
Mid-Quarter Review of Monetary Policy 2012-2013 : To be released at 11.00 a.m. on RBI Website on March 19, 2013
The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2012-13 at 11.00 a.m. on March 19, 2013. The Review will be by way of a press release and will be placed on the Reserve Bank's website (www.rbi.org.in). R.R. Sinha Deputy General Manager Press Release: 2012-2013/1540 Read More
RBI Perspectives on India™s Macroeconomic Challenges
(Fifth I.G. Patel Memorial Lecture delivered by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the London School of Economics on March 13, 2013) First of all many thanks to the London School of Economics for inviting me to deliver the fifth I.G. Patel Memorial Lecture. It is an honour to which I attach… Read More
World Bank’s World Development Indicators, 2011 captures Challenges in the Indian MSME Sector
Inadequate exposure of Indian Industries including Micro, Small and Medium Enterprises to International market is captured in the World Development Indicators, 2011 of the World Bank. The data reflects that although in 2011 India was 10th in the World in respect of its Gross Domestic Product (GDP), the country™s rank was 18th in respect of… Read More
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