Cross Border Inward Remittance under Money Transfer Service Scheme
RBI/2011-12/186 A.P. (DIR Series) Circular No. 22 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Attention of all the Authorised Persons, who are Indian Agents under Money Transfer… Read More
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards – Money changing activities
RBI/2011-12/185 A.P. (DIR Series) Circular No. 21 To All Authorised Persons Madam/ Sir Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Attention of the Authorised Persons is invited to A.P.(DIR Series) Circular No. 63 dated May 20, 2011 on risks arising from the deficiencies in AML/CFT… Read More
RBI increases repo rate by 25 basis point, in hope to smoothen down the inflation
The RBI has announced a 25 basis point increase in the policy repo rate, raising it from 8.0 per cent to 8.25. The Union Finance Minister Shri Pranab Mukherjee said that the Reserve Bank of India (RBI)™s today™s step is consistent with its monetary stance for the first half of 2011-12 and the overall concerns on… Read More
BRICS Finance Ministers in Washington DC on September 22, 2011
The Union Finance Minister Shri Pranab Mukherjee said that India is convening a meeting of BRICS Finance Ministers in Washington DC on September 22, 2011 on the sidelines of the Fund-Bank and G-20 Meetings. The Finance Minister said that we would explore the manner in which BRICS could coordinate in addressing the evolving economic and… Read More
Govt. not to proceed with further public offer of 5% paid-up equity shares of ONGC
The Government has decided not to proceed for the time being with further public offer of 5% paid-up equity shares of Oil and Natural Gas Corporation Limited (ONGC ) through an offer for sale. However, the Government continues to believe in the inherent strength of ONGC . The decision will be evaluated in due course… Read More
Major Collaborative Projects in Scientific Research for Advanced Research between India and UK
Dr. Ashwani Kumar, Minister of State for Planning, Science & Technology and Earth Sciences and Mr. Gordon Brown, former Prime Minister of Britain today discussed perspectives of ways and means to further consolidate cooperation between UK and India through Science & Technology and Innovation space in the margins of the Summer Davos conference now underway… Read More
Customs – Deeper concessions under DFTP scheme for Least Developed Countries (LDCs)
Amendment in the Notification No. 96/2008-Customs dated 13th August 2008, to provide deeper concessions under DFTP scheme for Least Developed Countries (LDCs) 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. 90/2011-Customs G.S.R. (E).- In exercise of… Read More
Schedule of all Industry Rates of Duty Drawback (2011-12) to be Notified Soon
The Government of India will shortly be notifying the schedule of AIR (All Industry Rates) of duty drawback for the year 2011-12. In this regard, the Government had constituted a Committee in January 2011 under the chairmanship of Shri Saumitra Chaudhuri, Member, Planning Commission for formulation of AIR of Duty Drawback. In view of the… Read More
ICSI to organise the 6th International Professional Development Fellowship Programme, 2011
The Institute of Company Secretaries of India (ICS)) is organizing the 6th International Professional Development Fellowship Programme - 2011 from Friday, the 18th November, 2011 to Sunday, the 27th November, 2011. Registration : The number of Delegate is limited to sixty, on first paid first admitted basis as per terms of payment of delegate fee. In case,… Read More
Mandatory e-filing of Central Excise Returns in ACES-regarding
F.No.201/10/2011-CX.6 Ministry of Finance Department of Revenue Central Board of Excise and Customs To All Chief Commissioners of Central Excise All Chief Commissioners of Customs & Central Excise All Chief Commissioners of LTU Sub: Mandatory e-filing of Central Excise Returns in ACES-regarding Sir/Madam, It has been decided to make it mandatory for the assessees… Read More
Registration of Benchmark Mutual Fund Cancelled
Pursuant to the transfer of schemes of Benchmark Mutual Fund to Goldman Sachs Mutual Fund and at the request of Goldman Sachs Mutual Fund, Securities and Exchange Board of India (SEBI), vide its letter dated September 14, 2011, has cancelled the certificate of registration of Benchmark Mutual Fund and has withdrawn the approval granted to… Read More
Change in Exchange rate of Swiss Franc w.e.f. 16th Sept, 2011
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION NO.66/2011-CUSTOMS (N.T.) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendments in the Notification of the Government of India,… Read More
BRICS to Coordinate in addressing the Evolving Economic And Financial Situation In The Various Countries
The Union Finance Minister Shri Pranab Mukherjee said that India is convening a meeting of BRICS Finance Ministers in Washington DC on September 22, 2011 on the sidelines of the Fund-Bank and G-20 Meetings. The Finance Minister said that we would explore the manner in which BRICS could coordinate in addressing the evolving economic and… Read More
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