Revised Treaty of Trade between India and Nepal

F.No.201/03/2010-CX.6; Ministry of Finance; Department of Revenue; Central Board of Excise and Customs Dated 13th January,2012  To All Chief Commissioners of Central Excise/ All Chief Commissioners of Customs & Central Excise/ All Chief Commissioners of LTU  Sub:     Revised Treaty of Trade between  India and Nepal Pursuant to Revised  Treaty of Trade between Government of India and  Government of Nepal,… Read More

Foreign investment in Single Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme

RBI/2011-12/348 A. P. (DIR Series) Circular No. 67 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign investment in Single Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme Attention of  Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security… Read More

(I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds Revision

RBI/2011-12/347 A. P. (DIR Series) Circular No.66 To All Category I Authorised Dealer banks Madam / Sir, (I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds Revision Attention of Authorised Dealers Category I (AD Category - I) banks… Read More

Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc.

RBI/2011-12/349 DBOD No.BC.72/29.67.001/2011-12 All Private Sector and Foreign Banks operating in India Dear Sir / Madam, Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc. The compensation practices, especially of large financial institutions, were one of the important factors which contributed to the recent global… Read More

Minimum Export Price of Onions notified by DGFT

(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Government of India; Ministry of Commerce & Industry; Department of Commerce Notification No  94 (RE 2010)/2009-2014; Dated: 11th January, 2012  Subject:- Minimum Export Price of Onions S.O. (E)     In exercise of powers conferred by Section 5 of the Foreign Trade… Read More

CA Final & CPT results to come on the 18th Jan, 2012

The results of the Chartered Accountants Final Examination held in November, 2011 and Common Proficiency Test (CPT) held in December, 2011 are likely to be declared on Wednesday, the 18th January, 2012 around 2:00 PM and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto… Read More

Fin Min holds the 1st pre budget in consultation with Agriculture group

The Union Finance Minister Shri Pranab Mukherjee said that the current year was a challenging one as far as the domestic and the global economy was concerned. The Finance Minister said that the inflation especially the food inflation remained very high during the major part of the year. He said that it is only after… Read More

DGFT- Amendment in Public Notice No. 90 (RE-2010)/2009-2014 dated 6.1.2012

(To be published in the Gazette of India Extraordinary Part-I Section-I) Government of India; Ministry of Commerce & Industry; Department of Commerce Public Notice No. 91 (RE-2010)/2009-2014; Dated:   12th January, 2012   Subject:- Amendment in  dated 6.1.2012 regarding export of 8,300 MTs of sugar to USA under Tariff Rate Quota. In exercise of the powers conferred under… Read More

DGFT- Filing of applications for DEPB in cases of exports made under EPCG Shipping Bills

GOI; Ministry of Commerce & Industry; Directorate General of Foreign Trade Policy Circular No.   52 (RE-2010)/2009-14; Dated: 12 .1.2012 The Regional Authority/Customs Authority/Trade & Industry  Subject: -Filing of applications for DEPB in cases of exports made under  EPCG Shipping Bills for items Cotton yarn including Melange yarn from 01.04.2011 to 04.08.2011 and ˜Cotton™ from 01.10.2010 to… Read More

Finance Minister holds Moderation in Inflation Would Continue in Coming Months;

The Union Finance Minister Shri Pranab Mukherjee said that he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods, despite the rapid decline in non-food primary inflation, may be more gradual. The Finance Minister Shri Mukherjee maintains that the headline inflation should be between… Read More

Union Finance Minister™s Address at 46th Convocation of Indian Statistical Institute

Please find below the text of the Union Finance Minister Shri Pranab Mukherjee™s Address at 46th Convocation of the Indian Statistical Institute(ISI) in Kolkata today : It is a great pleasure for me to here today on this occasion of the 46th convocation of the Indian Statistical Institute. The opportunity to share some thoughts with… Read More

Comments/Suggestions for future XBRL Implementation

The Ministry of Corporate Affairs has formed a committee to develop the roadmap for future implementation of XBRL. The committee has its Terms of References as under: A. Identification of class of companies and various reports to be filed in XBRL in Phase-wise manner. B. Development of Taxonomies to be used by Corporates for their… Read More

Export of Goods and Services – Forwarder™s Cargo Receipt

RBI/2011-12/345 A. P. (DIR Series) Circular No.65 To All Authorised Dealers in Foreign Exchange Madam/Sir, Foreign Exchange Management Act, 1999 Export of Goods and Services - Forwarder™s Cargo Receipt Attention of Authorized Dealers is invited to A.P. (DIR Series) Circular No. 27 dated March 2, 2001, in terms of which they may accept Forwarder™s Cargo Receipts… Read More

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