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Archive: 17 September 2012

Posts in 17 September 2012

Regarding exemption to maize bran from basic custom duty

September 17, 2012 682 Views 0 comment Print

Notification No. 54/2012-Customs New Delhi, the 17th September, 2012 G.S.R.  (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),  the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in […]

Foreign Direct Investment in Single-Brand Product Retail Trading (SBRT)

September 17, 2012 1394 Views 0 comment Print

CA Kamal Garg The Cabinet has vide PRESS RELEASE, DATED 14-9-2012, approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading. Vide Press Note 1 (2012 Series) dated 10-1-2012, Government had permitted FDI, up to 100%, in single brand product […]

RBI reduces CRR by 25 basis points , Other key rates unchanged

September 17, 2012 829 Views 0 comment Print

On the basis of an assessment of the current macroeconomic situation, it has been decided to: reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.75 per cent to 4.50 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning September 22, 2012. Consequently, around ` 170 billion of primary liquidity will be injected into the banking system; and

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