SEBI issued Procedures for compliance of SECC Regulations by Listed Stock Exchanges
Securities and Exchange Board of India CIRCULAR CIR/MRD/DSA/01/2016 … Read More »
Monthly Archives: January 2016
SEBI revised Application-Cum-Bidding Form for public issues
Securities and Exchange Board of India CIRCULAR CIR/CFD/DIL/1/2016 Dated- January 01, 2016 To All Recognised Stock Exchanges All Depositories All Registered Merchant Bankers All Registered Registrars to an Issue and Share Transfer Agents All Registered Bankers to an Issue Dear Sir / Madam, Sub.: Revised Contents of Application-Cum-Bidding Form and Manner of disclosure 1. SEBI… Read More »
Increase in Basic Excise Duty rates on Petrol and Diesel
Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase the Basic Excise Duty rates on Petrol and Diesel(both unbranded and branded) [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. 1/2016-Central Excise New… Read More »
Now Kerosene subsidy directly into Bank Account
Kerosene subsidy to be targeted to the really needy The National Sample Survey 2011-12 indicates that the total consumption of kerosene in the country, including both open market and PDS kerosene, was 71.30 lakh kilolitres. Even though consumption of kerosene has been coming down over the years, 86.85 lakh kilolitres of subsidized PDS kerosene… Read More »
Vision statements of States for Smart City
Smart City Plans throw up a range of vision statements Most of the cities aspire to be clean and green; others to leverage heritage and other unique features Stimulating economic development and inclusivity common aim Aligarh to promote communal harmony; NDMC to emerge as a global bench mark capital city Dahod to be a multi-functional… Read More »
Jamabandi (Land Record) Frequently Asked Questions
Jamabandi (Land revenue record) What are the alternate name of Jamabandi ? It is known by different name like fard, parcha or many other different names in different areas, most commonly used name is Jamabandi . Why is Jamabandi important? It shows -The ownership and possession of land -knowledge about type of land, -Source of irrigation if cultivated, -The… Read More »
Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates
Source : Reserve Bank of India RBI/2015-16/279 DBR.IBD.BC.No.68/23.37.001/2015-16 December 31, 2015 All Scheduled Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please refer to our circular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007 permitting banks in India to extend funded and/or non-funded credit facilities to step-down… Read More »
Govt Cheque would be paid by Cheque Truncation System without Physical movement
RBI/2015-16/278 DGBA.GAD.No. 2036/42.01.035/2015-16 December 31, 2015 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for… Read More »
RBI issued roadmap for opening brick and mortar branches in villages
BI/2015-16/277 FIDD.CO.LBS.BC.No. 82 /02.01.001/2015-16 December 31, 2015 The Chairman and Managing Director SLBC Convenor Banks Dear Sir/Madam, Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank You are aware that SLBC Convenor banks were advised vide circular RPCD.CO.LBS.BC. No. 86/02.01.001/2011-12 dated… Read More »
CBDT notify Rules for Mandatory qutoting of PAN
CBDT vide [Notification No. 95/2015][F.No.142/28/2012-(SO)TPL] Dated 30th December 2015 notified the Income–tax (22nd Amendment) Rules, 2015. Rules 114B, 114C and 114D shall come into force from the 1 st day of January, 2016 Rule 114E shall come into force from the 1 st day of April, 2016. 114B. Transactions in relation to which permanent account number is… Read More »