"20 August 2010" Archive

RBI invites Stakeholders for Discussions on the Paper on 'Entry of New Banks in the Private Sector'

The Reserve Bank of India has invited stakeholders interested in scheduling discussions on the Discussion Paper on Entry of New Private Sector Banks in the Private Sector to get in touch with the Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, Central Office, 5th Floor, World Trade Centre-1...

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Posted Under: Fema / RBI |

Regarding Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury-Notification No. 83/2010-Customs

Notification No. 83/2010-Customs 20/08/2010

Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 38/2010-Customs, dated the 23rd March,2010, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.209(E), dated the 23rd March,2010, except as respect thi...

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Corrigendum to Custom Notification No. 80/2010 Dated 10th August, 2010

Notification No. 80/2010-Customs 20/08/2010

G.S.R. (E). - In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 80/2010-Customs, dated the 10th August, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 665(E), dated the 10th August, 2010, at page 5, in line 30, for the fi...

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Regarding imposition of definitive anti-dumping duty on imports of the subject goods originating in, or exported, from the subject country

Notification No. 82/2010-Customs 20/08/2010

Whereas, in the matter of imports of Coumarin (hereinafter referred to as the subject goods), falling under sub heading 2932 21 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from, ...

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Apply in IFCI bond before August 31, 2010 to avail deduction of Rs. 20000 U/s. 80CCF

Key features and notification of IFCI Infrastructure Tax Saving Bonds u/s 80CCF is given below. 1. This bonds will be called "Long Term Infrastructure Bond". 2. Application can be by individual or HUF only but not by minor through Gurdians. 3. An Individual or HUF can invest Rs. 20000/- in a Financial year to avail deduction unde...

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Posted Under: Fema / RBI |

Jugaad- The key to India's rapid economic growth

People ask me, what exactly is jugaad? Global management experts attribute India's rapid economic growth to jugaad. In a recent survey by the Legatum Institute, 81% of Indian businessmen said jugaad was the key reason for their success....

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Posted Under: Fema / RBI |

Pathetic Situation of Lawyers with the Filing System in Courts and In the Absence of Required Guidance?

India is regarded as one of the fastest growing economies in the word and even the president of United States of America, Barrack Obama, frequently refers about the growth of nations like China and India. Many legal professionals have served this country starting from Mahatma Gandhi and the lawyers are better placed to serve the society o...

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Posted Under: Fema / RBI |

Applicability of Service Tax on Air Ticket

Taxable service… means any service provided or to be provided to any passenger, by an aircraft operator, in relation to scheduled or non-scheduled air transport of such passenger embarking in India for domestic or international journey [Section 65(105)(zzzo)]....

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Posted Under: Fema / RBI |

SEBI proposes to raise the IPO investment limit for retail investors from the current Rs 1 lakh to Rs 2 lakh

Retail investors will now get to subscribe more in initial public offers (IPOs). The Securities and Exchange Board of India (SEBI) has proposed to raise the investment limit for retail investors from the current Rs 1 lakh to Rs 2 lakh. The move is seen as an intermediate step before increasing the limit to Rs5 lakh and is expected to help...

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Posted Under: Fema / RBI | ,

Satyam Investigation may get hampered after bail to its former, Chairman, B. Ramalinga Raju

Chances of a speedy resolution to l’affaire Satyam receded on Wednesday with the Andhra Pradesh high court granting bail to the company’s founder and former chairman, B. Ramalinga Raju, freeing, albeit temporarily, the last of the accused in a corporate fraud that came to light in early 2009 with Raju’s confession and whose magnitud...

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Posted Under: Fema / RBI |

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