3.2% Growth in Foreign Tourist Arrivals in December 2015 over the same Period in 2014 USA accounts for Highest Share of Tourist Arrivals in DECEMBER 2015 Rs. 13,253 Crores Foreign Exchange Earned through Tourism in december 2015 Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data… Read More »
National consultation on Land Leasing held on The Expert Group on Land Leasing set up by NITI Aayog under the chairmanship of Dr. T. Haque, former Chairman; CACP held a national level consultation on the subject on 8th January, 2016 at Vigyan Bhawan, New Delhi. About 70 people from revenue departments of the states, experts… Read More »
Data on more than 55 Lakhs Artists Collected for Cultural Mapping of India The project of ‘ Cultural Mapping of India ’ under which data of artists shall be collected, has been initiated by the Ministry of Culture in order to carry out a survey on Cultural Topography of the country. A number of meetings… Read More »
Source : Reserve Bank of India GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Economic Affairs (Budget Division) New Delhi, the January 08, 2016 NOTIFICATION Repurchase of Inflation Indexed Bond F.No 4(16)-W&M/2012: The Government of India hereby notifies repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” (hereinafter called the Government Stocks). Mode of Repurchase… Read More »
Source Reserve Bank of India RBI/2015-16/283 DBR.No.FID.FIC 5/01.02.00/ 2015-16 January 07, 2016 All-India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment Please refer to Paragraph No.2.5.3.4 (iii) of Master Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015… Read More »
RBI/2015-16/282 DBR.IBD.BC. 8536/23.13.004/2015-16 January 07, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to our circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015 setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on… Read More »
Source Reserve Bank of India RBI/2015-16/281 DBR.Dir.BC.No.70/13.03.00/2015-16 January 07, 2016 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Non Fund Based Facility to Non-constituent Borrowers of Bank Please refer to paragraph 2(iii) of our circular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003 on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund based facilities… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 5th January, 2016 No. 52/2015-2020 Subject: Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments. F. No. 01/91/180/648/AM 09/Export Cell/909.—In exercise of the… Read More »
January 4, 2016 Whenever the GST comes, certain preparations are needed for introducing it. Also, along with the Budget, other taxes need to be reformed and procedures spruced up to accommodate such changes. Regarding the GST, as the rate will be revenue neutral, as far as possible, at the current level of tax, what needs… Read More »
January 7, 2016 The government said on Thursday it agreed to accept demands set by the Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next… Read More »