India to witness a large investment of nearly US$ 100 billion in nuclear power sector
India will see investments in excess of US$ 100 billion in next two decades in the nuclear power sector at least a quarter of from France alone. Addressing the 4th India-France CEOs Forum at Paris yesterday, the Union Minister for Commerce, Industry and Textiles, Shri Anand Sharma said in the energy sector, we greatly value… Read More
Appointment of Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
RBI/2011-2012/377 DGBA.GAD.No.H - 5029/42.01.033/2011-12 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks in India Dear Sir/Madam, Government Agency Business Arrangement Appointment of Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) As you are aware, currently all public sector banks are eligible to conduct Government business as… Read More
Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997 thereby notifying Tondiarpet (TNPM), Chennai as ICD
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 8 /2012 - Customs (N.T.) New Delhi, dated the 30th January, 2012 G.S.R¦..(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes… Read More
Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 9/2012- Customs (N.T.) DATED THE 30th January, 2012 10 Magha, 1933(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India… Read More
Amendments in SEBI Regulations
The SEBI Board met in New Delhi today and took the following decisions: 1. Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion… Read More
Refund of statutory fees for certain services available on MCA
The Ministry of Corporate Affairs has decided to refund the statutory fees paid for certain services. Earlier there was no process in MCA21 for refund of fees wrongly paid by the stakeholder while availing various services at MCA 21. New refund e-Form needs to be filed by the stakeholder applying for refund and upon processing… Read More
Memorandum of Instructions governing money changing activities
RBI/2011-12/372 A. P. (DIR Series) Circular No.71 To All Authorised Persons in Foreign Exchange Madam/ Sir, Memorandum of Instructions governing money changing activities Attention of Authorised Persons is invited to the introduction given under Paragraph 2 and Paragraph 2 (iii) (i) of Part A of the Annex I to the Memorandum of Instructions governing money… Read More
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2011-12/373 A. P. (DIR Series) Circular No.72 To All Category-I Authorised Dealer Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to the Paragraph nos. (A) (1) and (A) (3)… Read More
Deregulation of Savings Bank Deposit Interest Rate – Guidelines
RBI/2011-12/374 RPCD.CO.RRB.BC.No.57 /03.05.33 /2011-12 All State Co-operative Banks (StCBs) / District Central Co-operative Banks (DCCBs) / Regional Rural Banks (RRBs) Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circulars RPCD.CO.RRB.BC.NO.33/03.05.33/2011-12 dated November 23, 2011 and RPCD.CO.RCB.BC.No. 47/07.38.01/2011-12 dated December 26, 2011 on the captioned subject. 2. Based on the references received from… Read More
Fees payable by members revised- ICWAI
The fees payable by the members of the Institute have been revised by the Council with effect from 1st April, 2012 from the financial year 2012-2013 onwards as follows: Category of fees Amount Payable Associate Entrance Fee Rs. 1,000/- Associate Membership Fee Rs. 800/- p.a. Fellow Entrance Fee Rs. 1,000/- Fellow Membership Fee… Read More
Govt. initiates – Social Security for unorganised workers
With a view to providing social security to unorganised workers, including landless agricultural labourers, the Government has enacted the Unorganised Workers™ Social Security Act, 2008. The Act provides for constitution of National Social Security Board to recommend social security schemes viz. life and disability cover, health maternity benefits, old age protection and any other benefit… Read More
India Signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters
India has signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention was signed by Shri Sanjay Kumar Mishra, Joint Secretary, Foreign Tax & Tax Research Division, Department of Revenue, Ministry of Finance, Government of India in the presence of Deputy Secretary-General of OECD, Mr. Rintaro Tamaki. This instrument hitherto available for… Read More
First meeting of SEBI™s International Advisory Board
Securities and Exchange Board of India (SEBI)™s International Advisory Board (IAB) held its first meeting in New Delhi today. SEBI constituted the IAB in September, 2011. The role of the IAB will be to guide SEBI and, in doing so, bring in the global experiences and emerging developments and challenges. The IAB will meet twice… Read More
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