Social Sector Related Groups highlight need to promote Financial inclusion
The Union Finance Minister Shri Pranab Mukherjee said that the country™s development strategy focuses on providing good health, education and development of skills of its citizens. He was addressing the representatives of about 30 Social Sector Groups who attended the today™s pre-Budget consultations here. While giving a brief account of the present state of the… Read More
Risk Management and Inter-Bank Dealings – Commodity Hedging
RBI/2011-12/353 A. P. (DIR Series) Circular No.68 To All Category-I Authorised Dealer Banks Madam / Sir, Risk Management and Inter-Bank Dealings - Commodity Hedging Attention of Authorised Dealers Category I (AD Category I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification No. FEMA 25/RB-2000… Read More
BSNL seek’s panel for appointment of Cost Auditor for their 24 circle office – ICWAI
ICWAI has received a communication from Bharat Sanchar Nigam Limited (BSNL), a fully Central Govt. owned company which is providing telecom services throughout the Nation, seeking a panel of Cost Accountant Firms for the purpose of selection and appointment of Cost Auditor from amongst such panel, for their 24 circle office and 2 District offices… Read More
Fin Min, says the headline Inflation to be between 6 and 7% in March end 2012
The Union Finance Minister Shri Pranab Mukherjee said that the decline in the monthly headline inflation for December 2011 to 7.47% as against 9.11% in November 2011 was mainly due to significant decline in inflation for primary articles including food inflation in the month of December 2011. Shri Mukherjee was reacting to the monthly headline… Read More
Fin Min holds Pre Budget Consultations with Trade Union Groups
The Union Finance Minister Shri Pranab Mukherjee said that food inflation has come down on the negative side in the last two consecutive weeks. The annual rate of inflation (year on year) for December 2011 has declined to 7.47% as against 9.11 % in November 2011 and 9.45% in December 2010. The Finance Minister Shri… Read More
Abu Dhabi Investment Authority keen to invest in India
Abu Dhabi Investment Authority (ADIA) one of the World™s largest Sovereign wealth fund has expressed keen interest in investing in India. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA met the Minister of Commerce Industry and Textiles Shri Anand Sharma to discuss the opportunities of investment in India. Both side agreed to finalize… Read More
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) – Standards
RBI/2011-12/351 RPCD.CO.RRB.AML.No.7081/03.05.28(A)/2011-12 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.1203 /03.05.28 (A)/2011-12 dated July 29, 2011 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has updated its Statement… Read More
Amends notification No.70/2010-Customs, dated the 25th June, 2010
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.8 /2012 Customs (ADD) G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped… Read More
Refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB
Circular No.02/2012-Customs F.No.401/46/2008-Cus.III(Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs To, All Chief Commissioners of Customs/Customs (Prev.), All Chief Commissioners of Customs & Central Excise, All Commissioners of Customs/Customs (Prev.), All Commissioners of Customs & Central Excise. Subject:- Refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using… Read More
Settingup of Corporate Tribunals
The Ministry of Corporate Affairs Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which will replace Company Law Board, Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction. It may be noted that provisions regarding constitution of NCLT and NCLAT were… Read More
CS- New Syllabus & Pattern for Foundation Programme Examinations from Dec, 2012
Introduction of New Syllabus & Pattern for Foundation Programme Examinations from December, 2012 Session The Foundation Programme being the entry level to the Company Secretaryship Course and gateway to the profession of Company Secretaries, the Syllabus Review Committee based on the feedback received from various stakeholders has completed the formulation of detailed contents of… Read More
A Chapter on Climate Change to be Included in the Forthcoming Economic Survey of India
Shri R.Gopalan, Secretary, Department of Economic Affairs, Ministry of Finance said that in order to deal with the issue of Climate change and with the consequences, we will need not only enormous resources but also changes in our lifestyle especially among the better off and livelihood security for the less well off. Shri Gopalan was… Read More
CBEC- Amendment in the notification No. 36/2001-Cus (N. T.), dated, 3rd August 2001
[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOI; Ministry of Finance; (Department of Revenue); (Central Board of Excise and Customs) Notification No. 2/2012 - Customs (N. T.), Dated 13th January, 2012 S. O______ (E) In exercise of the powers conferred by sub-section (2) of section 14 of the… Read More
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