Third Quarter Review of Monetary Policy 2012-13
Dr. D. Subbarao, Governor of Reserve Bank of India presented the Third Quarter Review of the Monetary Policy 2012-13. Some highlights of the same are given here. The full report is also available for download. Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to… Read More
4 FDI Proposals Approved by FIPB
Further to Para 5 of the Press Release dated January 11, 2013 regarding Foreign Direct Investment (FDI) proposals approved by FIPB, wherein it was stated that decision in case of the Five (5) proposals will be communicated separately, the Central Government has now approved the following Four (4) proposals out of them amounting to Rs. 280.00 croreapproximately. Following 4… Read More
Clarifications on Automatic Conversion of unsold Sugar Quantity into Levy Sugar
No Automatic Conversion of any unsold Sugar Quantity into Levy Sugar Press Note In continuation to the press note dated 23.11.2012, relating to release of 70 lac tons (including the quantity of 2.00 lakh MT carried over from October to November, 2012 period), i.e., 68.0 Lac MT to be released for the months of December, 2012 to March, 2013, and… Read More
Amendment of FEMA Rules regarding Transfer or Issue of Security by a Person Resident outside India
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 255/2013-RB Dated January 19, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More
Auction of Government of India Dated Securities
Ref.No. IDMD/2193/08.02.032/2012-13 January 28, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Govenment of India have offered to sell (re-issue) (a) 8.12 percent Government Stock 2020 for a notified amount of Rs.3,000 crore (nominal)… Read More
Auction for Sale (Re-issue) of ˜8.12 per cent Government Stock, 2020™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.12 per cent Government Stock, 2020™ F. No.4 (5) W&M/2012: Government of India hereby notifies sale (re-issue) of ˜8.12 per cent Government Stock, 2020™ (hereinafter called 'the Stock') for an aggregate… Read More
Auction for Sale (Re-issue) of ˜8.20 per cent Government Stock, 2025™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.20 per cent Government Stock, 2025™ F. No.4 (5)-W&M/2012(i): Government of India hereby notifies sale (reissue) of ˜8.20 per cent Government Stock, 2025™ (hereinafter called 'the Stock') for an aggregate amount… Read More
Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2042™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2042™ F. No.4 (5) W&M/2012(ii): Government of India hereby notifies sale (Re-issue) of 8.30 per cent Government Stock 2042 for an aggregate amount of Rs. 3,000… Read More
RBI Circular on Standardisation of Interest Rate Swap Contracts
RBI/2012-13/396 IDMD.PCD.2191/14.03.01/2012-13 January 28, 2013 All Market Participants Madam/Sir, Standardisation of Interest Rate Swap (IRS) Contracts A reference is invited to RBI circular Ref.No.MPD.BC.187/07.01.279/1999-2000 dated July 7, 1999. 2. To improve tradability and facilitate centralized clearing and settlement of IRS contracts in future, it has been decided to standardise IRS contracts. 3. The standardisation of IRS… Read More
RBI Clarifications on KYC/AML Rules pertaining to “Beneficial Owner” Status
RBI/2012-13/395 UBD.BPD (PCB) Cir. No.34/14.01.062/2012-13 January 28, 2012 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to paragraph 2.4 (a) of Master Circular UBD.BPD. (PCB).MC.No.… Read More
Government launches eBiz Portal to create a business friendly ecosystem
Anand Sharma Launches eBiz Portal Portal to Provide Secure one Stop Shop for all Investment and Business Related Information and Services 24X7 The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma launched an eBiz portal at the CII Partnership Summit in Agra today. The portal is India™s Government-to-Business (G2B) portal developed by Infosys… Read More
MoF releases report on Public Debt Management for Q3 ’12-’13
The Middle Office was set up in September 2008, in Department of Economic Affairs, Ministry of Finance, Government of India. With the objective of enhancing transparency of debt management operations, Middle Office began publishing on its website a quarterly report titled Public Debt Management - Quarterly Report from the first quarter of the fiscal year… Read More
Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism.
CIRCULAR CIR/MRD/DP/04/2013 January 25, 2013 To, The Managing Director and CEO, The Managing Director BSE Limited. National Stock Exchange of India Ltd. Dear Sir / Madam, Sub: Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism. 1. Comprehensive guidelines on sale of shares through OFS mechanism were issued vide… Read More
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