IPO & Private Equity Conclave – Mumbai & Bangalore
Apt timing is the key for success for any human endeavour. On 3rd June 2011 and 17th June 2011, leading practitioners including bankers, CFOs of leading corporate, chartered accountants, company secretaries and lawyers gathered for a conclave on IPO and Private equity and shared knowledge, wisdom, experiences and insights into the complex process of creating… Read More
Taxes and Financial Services Industry – Mumbai
A business program on Taxes and Financial Services Industry Emerging Landscape in India was organized by Achromic Point in Mumbai on 10th June 2011 at the Hotel Intercontinental The Lalit. The Indian Financial Services Industry has seen great vibrancy since liberalization in the early 1990s despite the global financial meltdown. the FSI today has a… Read More
Google soon to come in 5 more Indian languages
On tuesday, Google announced the expansion of its translation services, which will now comprise of 5 more Indian languages. The languages to be introduced will be Bengali, Gujarati, Kannada, Tamil and Telugu which will allow the largest internet search engine giant Google to reach out to half a million people. Ashish Venugopal, research scientist at… Read More
Mutual Funds may have to disclose their Assets under Management : SEBI
Sebi is likely to make it compulsory for the mutual fund players to disclose their assets under management (AUM) and details of new schemes to assure that the retail investors take a sure decision before the investments being made. Sebi chairman U K Sinha said at a CII meet that, "SEBI is working towards making MF… Read More
Levy of excise duty on branded readymade garments and textiles articles
Circular Number 947/08/2011 Issues pertaining to the levy of excise duty on branded readymade garments and made-up articles of textiles regarding. Board has received representations from trade and industry seeking clarification on certain issues pertaining to the levy of excise duty on readymade garments/made-ups that either bear or are sold under a brand name. These issues… Read More
Assocham for Unconventional methods to curb inflation
Asssocham has suggested government to adopt unconventional instruments to control inflation rather than depending on the convential methods like raising the interest rates which is not helping to solve the problem at the core level. "Conventional monetary measures do not directly address the cause of inflation, but rein in expectations of it spiralling out of… Read More
List of Terrorist Individuals/Organisations
RBI/2010-11/575 RPCD.CO.RCB.AML.No.14580/07.02.12/2010-11 June 21, 2011 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RCB.AML.No.14447/07.02.12/2010-11 dated June 16, 2011 . We have since received from Government of India (Ministry of External Affairs) copy… Read More
RBI to put the data on Overseas Direct Investment in the public domain
Press Release : 2010-2011/1855 The Reserve Bank of India has decided to put on its website on a monthly basis from July 2011 onwards the outflows on account of Overseas Direct Investment by Indian Companies / Parties as reported by the Authorized Dealers in Form ODI. The report will consist of the following fields, viz.,… Read More
Notification No. 49 /2011-Customs
[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. 49 /2011-Customs New Delhi, dated 21st June, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
SEBI Periodical Report- Grant of prior approval to Debenture Trustees
CIR/MIRSD/10/2011 To All Debenture Trustees registered with SEBI Dear Sir/ Madam, Sub: Periodical Report- Grant of prior approval to Debenture Trustees 1. SEBI (Debenture Trustees) Regulations, 1993 {hereinafter referred to as "the said Regulations"}, have been amended vide Notification No. LADNRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, a copy of which is… Read More
Declaration of Indent is mandatory on free shipping bills – DGFT
Policy Circular No. 32(RE-2010)/2009-14 Dated: 03rd June, 2011 To All Regional Authorities FIEO and All EPCs Subject:- Clarification about requirement of Declaration of Intent on Free Shipping Bills for claiming Chapter 3 scheme benefits. 1. Para 3.11.8 of HBPv1 2009-14 (earlier Para 3.23.8 in RE-2008) provides for Declaration of Intent to be made on… Read More
Modification of SION C-390 and C-1538 under Engg.Products Group
Public Notice No.57/ (RE-2010)/2009-2014 Dated: the 20 June, 2011 Subject: Modification of SION C-390 and C-1538 under Engineering Products Group. In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the following amendments are made in the Handbook of Procedure Vol. II (as stated in paragraph 1.1 of Vol. I): A. Amendment… Read More
GOI planning to provide subsidy to farmers of fertiliser directly
In pursuit of its objective to provide a direct cash subsidy to farmers for fertilisers, the government is mulling the feasibility of transferring the subsidy in cash to about 2.3 lakh retailers, instead of the fertiliser makers, as a preliminary step. A task force headed by Nandan Nilekani is working on a model for… Read More
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