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Archive: September, 2011

Posts in September, 2011

PF and ESI Act covers unskilled workers too

September 9, 2011 1943 Views 0 comment Print

The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 is applicable to all employees working in such establishments which are employing 20 or more workers and is falling under any of the Schedule Heads or class of establishments notified by the Central Government and getting wages up to Rs. 6500/- per month without any reference of being skilled or unskilled. The Act is uniformly applicable all over India except in the State of Jammu & Kashmir.

India’s External Debt – A Status Report 2010-11

September 9, 2011 775 Views 0 comment Print

The Department of Economic Affairs, Ministry of Finance is coming out with the Seventeenth Issue of the Annual Publication entitled ‘India’s External Debt: A Status Report 2010-11’ that presents a detailed analysis of India’s external debt position at end-March 2011 based on the data released on June 30, 2011 by the Reserve Bank of India(RBI).

Export Grows 44.2 Per Cent in August at US $ 24.3 Billion – Commerce Secretary

September 9, 2011 423 Views 0 comment Print

India’s exports have registered a growth of 44.2% during August 2011, at US $ 24.3 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-August 2011, exports have reached a level of US $ 134.5 billion,

Notification No. 73 (RE-2010)/2009-2014, Dated: 09/09/2011

September 9, 2011 508 Views 0 comment Print

The export of all varieties of onions is prohibited with immediate effect till further orders. But, transitional arrangements under para 1.5 of Foreign Trade Policy shall be allowed.

Removal of ban on export of wheat

September 9, 2011 466 Views 0 comment Print

The term durum wheat means wheat of the Triticum durum species and the Hybrids derived from the inter – specific crossing of Triticum durum which have the same number (28) of chromosomes as that species. Export of wheat has been made free. Exports shall be only through Custom EDI ports.

RBI Guidelines on Base Rate – Circular No. DBOD.Dir.BC.34 /13.03.00/2011-12- Dated- September 9, 2011

September 9, 2011 562 Views 0 comment Print

The National Scheduled Tribes Finance and Development Corporation (NSTFDC), a wholly owned Government of India Section 25 Company under the Ministry of Tribal Affairs, extends financial assistance at concessional rates of interest for viable income generating activities to eligible beneficiaries belonging to Scheduled Tribes.

Notification No. 71 (RE-2010)/2009-2014, Dated: 09.09.2011

September 9, 2011 1663 Views 0 comment Print

In supersession of Notification No. 38 (RE-2007)/2004-2009 dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 01.04.2008, the following amendments are made with immediate effect against entry at Sl. No.45 A (except Tariff Code 1006 10 10) in Chapter 10 of Schedule 2 of ITC(HS.

Policy Circular No. 40 (RE-2010)/2009-14, Dated: 09.09.2011

September 9, 2011 597 Views 0 comment Print

Policy Circular No. 40 (RE-2010)/2009-14, As and when Customs (CBEC) have conveyed their readiness to implement on-line message exchange between Customs and DGFT, Policy Circulars have been issued from time to time by DGFT indicating the names and Port Codes of such Customs Ports where EDI facility would be available.

Reg. Exchange rate for calculation of anti-dumping duty on Para nitroaniline

September 9, 2011 625 Views 0 comment Print

Whereas, in the matter of import of Para Nitroaniline (hereinafter referred to as the subject goods), falling under sub-heading 29214226 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, People’s Republic of China (hereinafter referred to as the subject country)

Amends Notification No. 20/2006-Customs, dated the 1st March, 2006 vide Notification No. 87/2011-Customs

September 9, 2011 540 Views 0 comment Print

Notification No. 87/2011-Customs, Date- 9th September, 2011 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 20/2006-Customs,

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