Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays
RBI/2011-2012/370 FMD.MOAG. No. 66 /01.01.01/2011-12 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays At present, Reserve Bank of India operates Liquidity Adjustment Facility (LAF) to inject/absorb liquidity through daily Repo/Reverse Repo auctions. While the LAF Repo operations are conducted in the… Read More
Cost Audit Order dated 24th Jan, 2012- issued
F.No. 52/26/CAB-2010; GOI; MCA; Cost Audit Branch; Dated 24th January, 2012 In exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government, being of the opinion that it is necessary to do so, hereby directs that all companies to which the Companies (Cost Accounting Records) Rules, 2011 apply, and which are engaged… Read More
3rd Annual FEMA Summit 2012 – FDI Policy and Anti – Money Laundering
It™s a great pleasure to inform you about the upcoming 3rd Annual FEMA Summit 2012, scheduled on 9th & 10th February 2012 in Mumbai. There was a lot of buzz in & around FDI Policy & AML in the country in the recent past, the most hyped political discussion in the winter session on the… Read More
Seeks to impose anti-dumping duty on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms, originating in, or exported from subject countries
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11 /2012-Customs (ADD) G.S.R. (E). Whereas, in the matter of import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms (including all widths and lengths)™ (hereinafter referred to as the subject goods), falling under Chapters 39, 55, 56, 59 and 70 of the First Schedule to… Read More
2nd National Voter’s Day celebrated across India to increase enrolment of voters
The national function of second National Voters™ Day (NVD) was observed at Vigyan Bhawan, New Delhi, a practice that was initiated last year to coincide with the foundation day of the Election Commission of India and also to enhance the participation of the voters, especially the youth, in the democratic process. The Former President Dr. A.P.J.… Read More
Grant of Presidential Awards of Appreciation Certificate on the occasion of Republic Day-2012
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE NEW DELHI, THE 24th JANUARY, 2012 4th MAGHA, 1933 SAKA ERA NOTIFICATION NO. 7 /2012(N.T) F.No.394/94/2011-Cus (AS) The President is pleased to award an Appreciation Certificate for ˜Specially distinguished record of service™ - to each of the under-mentioned officers of the Customs & Central Excise Department,… Read More
Eligibility criteria for Qualified Depository Participant
CIRCULAR CIR/ IMD/ FII&C/ 4/ 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories Sir / Madam, Sub: Eligibility criteria for qualified depository participant Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFI) were allowed to invest in schemes of Indian mutual funds and Indian equity shares… Read More
External Commercial Borrowings Simplification of procedure
RBI/2011-12/366 A.P. (DIR Series) Circular No.69 To All Authorised Dealer Category- I Banks Madam / Sir, External Commercial Borrowings Simplification of procedure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and the A.P.… Read More
External Commercial Borrowings (ECB) Policy Infrastructure Finance Companies (IFCs)
RBI/2011-12/367 A.P. (DIR Series) Circular No.70 To All Authorised Dealer Category- I Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Infrastructure Finance Companies (IFCs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005, amended from time to time and A. P. (DIR Series) Circular… Read More
Deregulation of Savings Bank Deposit Interest Rate – Guidelines
RBI/2011-12/368 DBOD.Dir.BC. 75/13.03.00/2011-12 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular DBOD.Dir.BC. 42 /13.03.00/2011-12 dated October 25, 2011. 2. Based on the references received from banks, we clarify that the revised guidelines issued vide our circular referred to above would be applicable… Read More
UCBs CRR reduced
RBI/2011-12/369 UBD.BPD. (PCB). CIR.No. 2 /12.03.000/2011-12 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular UBD (PCB).No.3/12.03.000/2009-10 dated April 21, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review… Read More
RBI – CRR Reduced by 50 basis points
RBI/2011-12/363 Ref: DBOD.No.Ret.BC.74 /12.01.001/2011-12 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular DBOD.No.Ret.BC.90/12.01.001/2009-10 dated April 20, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January… Read More
Lok Sabha speaker emphasised on gains of globalisation and economic growth for downtrodden at the Golden Jubilee Celebrations of IES
The Speaker of Lok Sabha, Ms. Meira Kumar has said that the key policy challenge was that poor and downtrodden should partake gains of globalisation and economic growth. She said that we must bridge the wide gap between existing social infrastructure and aspirations of the masses. She was delivering the Keynote Address at the finale… Read More
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