Cyber Attacks Far More Dangerous Says Sibal
The Union Minister of Communications and Information Technology, Shri Kapil Sibal has said that adequate balance needs to be maintained between needs of ˜privacy of individual™ and ˜genuine security concerns of state™ while dealing with challenges of cyber security. Delivering keynote address in the opening session of the Summit on Information and Network Security for… Read More
Commerce minister pushes for free movement of professionals between India and US
Shri Anand Sharma Commerce, Industry and Textiles Minister of India along with Shri Pranab Mukherjee, Finance Minister and Deputy Chairman, Planning Commission led the Government of India delegation to the India-U.S. CEO Forum meeting in Washington D.C. on September 22, 2011. The Forum comprises top CEOs from both sides and is co-chaired by Ratan Tata… Read More
MCA- Conference on revised version of National Competition Policy begins
The Second round of consultations on the revised version of National Competition Policy will held tomorrow at FICCI, Federation House, Tansen Marg, New Delhi. The Union Minister for Corporate Affairs Dr. M.Veerappa Moily will chair the consultations. The consultations are a sequel to the constitution of a Committee for framing the National Competition Policy and… Read More
Access criteria for payment systems
The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks including RRBs/ Urban Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks/ Primary Dealers Dear Sir/Madam Access criteria for payment systems 1. A reference is invited to circular DPSS.CO. No. 528/04.04.009/2008-09 dated September 22, 2008 prescribing the access criteria for national payment systems. 1.1. With a view to strengthening… Read More
Dishonour of electronic funds transfer for insufficiency of funds in the bank account clarification
The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Dishonour of electronic funds transfer for insufficiency of funds in the bank account clarification As you may be aware section 25 of the Payment and… Read More
Investment by FIIs under PIS
The Reserve Bank of India has today notified that the aggregate share holdings in following Banks by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed trigger limit. Hence, these banks are being removed from the caution list for FII's investment and the restrictions placed on the purchase of… Read More
Seeks to impose anti dumping duty on Morpholine, originating in, or exported from, China PR, European Union and the United States of America, for a period of six months
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 91 /2011-Customs G.S.R. (E). Whereas, in the matter of import of Morpholine (hereinafter referred to as the subject goods), falling under sub-heading 29333917 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said customs Tariff Act), originating in, or exported… Read More
Government has Decided to Lift the Ban on the Export of Onions
The Government has decided to lift the ban on the export of onions. Onions can now be exported subject to a Minimum Export Price (MEP) of US$ 475 per tonne. This is exactly the position that was prevailing on 8th September 2011, immediately before the ban on the export of onions was imposed on 9th… Read More
MCA- Compliance of the provisions of Companies Act, 1956 and Rules to come in effect from 25/9
General Circular No. 64/2011; GOI; MCA; Dated 20th Sept, 2011 Regional Director, All Registrars of Companies Subject: Compliance of the provisions of Companies Act, 1956 and Rules made thereunder Please refer to this Ministry™s earlier circular no. 63/2011 dated 6th September, 2011 on the subject cited above. In this regard, I am directed to say that the said circular… Read More
Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies -IRDA
To All Life Insurers, Re: Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies -IRDA Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular. Accordingly, keeping in view the objective of ensuring higher levels… Read More
Modification of Guidelines pertaining to Individual Agents -IRDA
To All Non Life Insurers, Re: Modification of Guidelines pertaining to Individual Agents -IRDA In partial modification of Clause (1) of the captioned circular the term 'relative' is re defined as lithe term 'relative' shall include spouse, dependent children or dependent step children, whether residing with the employee or not". Further it is clarified that this clause… Read More
Terms of Reference of Task Force, soon to include an Aadhaar-enabled unified payment infrastructure
The terms of reference of the Task Force under the Chairmanship of Shri Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI) has been expended to include an Aadhaar-enabled unified payment infrastructure. The said Task Force was constituted by the Ministry of Finance in February 2011 to recommend and implement a solution for direct transfer… Read More
Service tax – Reg. Research and Development Cess
Amendment to the Notification No. 17/2004-Service Tax, dated the 10th September, 2004 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 47/2011 Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of… Read More
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