Exchange rate of foreign currency relating to imported and export goods notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.55/2016-CUSTOMS (N.T.), dated 21st April, 2016, except as respects things done… Read More »
A multi-disciplinary team comprising of experts is being set-up to visit the affected areas in Kerala for making further investigation with regard to reports of Acid or Yellow Rain; Initial tests report no Acidity, Fungus or Spores or any Toxic effect in Plants. Attention of the Government has been drawn to some reports of acid… Read More »
Source :Ministry of Commerce & Industry Rejoinder to factually incorrect information circulated in the Social Media regarding the WTO Ministerial Conference held in Nairobi in December 2015 The Department of Commerce, Government of India has come across a video in Tamil, posted on the social networking site Facebook, where Shri Thirumurugan Gandhi has made factually… Read More »
Steps taken by CIL to improve Coal Production from Underground Mines Coal India Limited (CIL) has envisaged following steps to improve coal production from underground mines include: • Planning new underground mines adopting mass production systems like continuous miner technology and longwall technology wherever feasible. • Entering into risk / gain sharing arrangements with the… Read More »
Satellites under operation in Country Currently, 34 satellites are operational in the country comprising of :- (i) 13 Communication Satellites namely, INSAT-3A, INSAT-3C, INSAT-4A, INSAT-4B, INSAT-4CR, GSAT-6, GSAT-7, GSAT-8, GSAT-10, GSAT-12, GSAT-14, GSAT-15 and GSAT-16. (ii) 12 Earth Observation Satellites namely, Resourcesat-2, RISAT-1, RISAT-2, Cartosat-1, Cartosat-2, Cartosat-2A, Cartosat-2B, Oceansat-2, SARAL, Kalpana-1, Megha-Tropiques and INSAT-3D. (iii)… Read More »
As part of ease of doing business and reduction of Transaction Cost of the exporters, the Government decides to do away with the Landing Certificates required under Merchandise Export from India Scheme (MEIS) with effect from 4th May, 2016. Read Also Notification on :Landing Certificate shall not required under MEIS Government with the approval of… Read More »
CIRCULAR NO.IRDA/NL/CIR/RIN/078/04/2016, DATED 26-4-2016 The Authority has recently received requests from some insurers seeking waiver of certain provisions of IRDA (General Insurance-Reinsurance) Regulation 2013, citing inability to comply with the stipulations, as they were executing Reinsurance treaties on a global basis where the Indian Insurer along with their foreign promoter entity/subsidiaries/group companies enter into a… Read More »
RISK WEIGHT IN RESPECT OF INVESTMENTS IN CORPORATE BONDS BY STANDALONE PRIMARY DEALERS (SPDs) CIRCULAR DNBR.CO.PD.NO.080/03.10.01/2015-16, DATED 28-4-2016 In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy. 2. On a… Read More »
NOTIFICATION [F.NO.3/516/2015-CL.II], DATED 29-4-2016 In exercise of the power, conferred by sub-section (1) of section 458 of the Companies Act (18 of 2013), the Central Government being satisfied that circumstances warrant, hereby delegates the powers to appoint Inspectors for inspection of books and papers of a company under sub-section (5) of section, 206 as ordered… Read More »
Directorate of Income Tax (Systems) RSA Token Policy (2016) (1) What is a RSA Token? RSA Token is a secure user’s authentication system. RSA Token is a unique, time-synchronous solution that automatically Changes the user’s password every 60 seconds. This makes the solution more secured than event-synchronous systems (like presently followed User id and User… Read More »