Amid concerns over high inflation and the possibility of hike in key policy rates , Reserve Bank governor D Subbarao today called on Finance Minister Pranab Mukherjee to discuss the state of economy ahead of the apex bank’s monetary policy next week. “As a standard practice I had come to review the macro economic situation with Finance Minister and senior officers ahead of the policy review ,” Subbarao told reporters after meeting Mukherjee.
If the Cadre wants that CBDT hereafter adheres to the DOPT / UPSC calendar to have the advance promotions panel ready before the close of the year, it is necessary that each one of us immediately submits his Self Appraisal in the new format APAR, the Reporting Officer reports quickly & sends it to the Reviewing Officer, the Reviewing Officer reviews it promptly & submits it to the CCIT (CCA) of his region.
Vide Order No. 72 of 2011 dated 29.04.2011, the CBDT has transferred / posted additional/ Joint Commissioners of Income-tax. Vide Order No. 53/2011 dated 30.03.2011 CBDT has promoted its officers to the grade of Joint Commissioners of Income-tax on ad hoc basis. In continuation of Order No. 53/2011 dated 30.03.2011 CBDT has ordered following Transfer/posting of officer untill further orders vide Order No. 73 of 2011 dated 29.04.2011,
A two-judge bench of the Supreme Court delivered a split verdict on a petition challenging amendment in BCCI regulation to exclude IPL and T-20 tournaments from its perview and referred the matter to the chief justice for allocating it to a larger bench.
Foreign Contribution (Regulation) Rules, 2011 – NOTIFICATION NO. G.S.R. 349(E), DATED 29-4-2011 – In exercise of the powers conferred by section 48 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby makes the following rules, namely: –
In exercise of the powers conferred by sub-section (3) of section 1 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby appoints the 1st day of May, 2011 as the date on which the provisions of the said Act shall come into force.
It has been decided that non-retail investors i.e. Qualified Institutional Buyers and Non-Institutional Investors, making application in public/ rights issue shall mandatorily make use of ASBA facility. In this regard, disclosures shall be made in the offer document such as in issue procedure section as part of payment instructions. CIR/CFD/DIL/1/2011 , Dated- April 29, 2011
As you are aware, following the announcement in the April 2010 Monetary Policy Statement, the Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds was constituted, under the Chairmanship of Shri G. Gopalakrishna, Executive Director, RBI. The Group examined various issues arising out of the use of Information Technology in banks and made its recommendations in nine broad areas.
Circular No. 943/04/2011-CX Can credit of capital goods be availed of when used in manufacture of dutiable goods on which benefit under Notification 1/2011- CE is availed or in provision of a service whose part of value is exempted on the condition that no credit of inputs and input services is taken? Is the credit of only specified goods and services listed in the definition of inputs and input services not allowed such as goods used in a club, outdoor catering etc, or is the list only illustrative?
As a part of financial sector reforms, the Reserve Bank has deregulated interest rates on deposits, other than savings bank deposits. The interest rate on savings bank deposits has remained unchanged at 3.5 per cent per annum since March 1, 2003. Keeping in view progressive deregulation of interest rates, it was proposed in the Second Quarter Review of Monetary Policy 2010-11 announced on November 2, 2010 to prepare a Discussion Paper to delineate the pros and cons of deregulating the savings bank deposits interest rate. It was proposed to place a Discussion Paper on the Reserve Bank’s website for feedback from general public. Accordingly, this Discussion Paper is an attempt to deal with pros and consof deregulating savings deposit interest rate and take on board the suggestions of various stakeholders for either maintaining the status quo or deregulating the savings deposit interest rate.
