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Conditions for import of customized Cars/Motorcycles and parts thereof required for race events

January 8, 2014 1162 Views 0 comment Print

A new Policy Conditions No. 10 is added to Chapter 87 of ITC (HS), 2012 Schedule-1 (Import Policy) for facilitating the import of customized Cars/Motorcycles and parts thereof required for the race events.

Lending Against Security of Single Product – Gold Jewellery

January 8, 2014 649 Views 0 comment Print

In view of the moderation in the growth of gold loan portfolios of NBFCs in the recent past, and also taking into consideration the experience so far, it has been decided to raise the LTV ratio to upto 75 percent for loans against the collateral of gold jewellery from the present limit of 60 percent with immediate effect.

RBI releases Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households

January 8, 2014 523 Views 0 comment Print

The Reserve Bank of India has today released on its website for public comments, the Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households and additional comments from two members in this regard. The Comments may be emailed or sent by post to the Principal Chief General Manager, Rural […]

RBI : Regulation Must keep Pace with Changing Dynamics of Commodities Market

January 8, 2014 546 Views 0 comment Print

The high and volatile global commodity prices have posed considerable challenges to the domestic monetary policy in several commodity importing countries. In this context, the paper investigates the role of financialisation of commodity markets (captured by speculative trading), global liquidity (private and official) and fundamental factors (emerging market demand) behind global commodity price inflation.

SEBI : Trades in Securitised Debt Instruments be reported in trade reporting platforms

January 7, 2014 1140 Views 0 comment Print

SEBI had laid down the framework for public offer and listing of securitized debt instruments vide SEBI (Public Offer and Listing of Securitized Debt Instruments) Regulations, 2008 and had specified listing agreement for Securitized Debt Instruments. A few privately placed SDIs have already been listed on exchanges.

SEBI : (Foreign Portfolio Investors) Regulations, 2014

January 7, 2014 1186 Views 0 comment Print

Provided that any foreign institutional investor or qualified foreign investor who holds a valid certificate of registration shall be deemed to be a foreign portfolio investor till the expiry of the block of three years for which fees have been paid as per the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995

Regarding Audit Report to be filed by developers in form 704 for 2012-13

January 7, 2014 2462 Views 0 comment Print

If an Audit Report in form 704 for the period 2012-13, pertaining to developers other than those opting for composition scheme, is filed within one month from the due date i.e. on or before 15th February 2014, then penalty u/s 61(2) shall not be imposed.

SEBI (Foreign Portfolio Investors) Regulations, 2014

January 7, 2014 2107 Views 0 comment Print

1. (1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014. (2) They shall come into force on the date of their publication in the Official Gazette.

Notification No. 03/2014-Income Tax Dated: 07.01.2014

January 7, 2014 487 Views 0 comment Print

Notification No. 03/2014-Income Tax S.O. 48 (E).—Whereas, an agreement (hereinafter referred to as the said agreement) was entered into between the Government of the Republic of India and the Government of Belize for the exchange of information with respect of taxes was signed at Belmopan, Belize on the 18th day of September, 2013;

CAG can audit Pvt. Companies if Govt Revenue is in question

January 7, 2014 6589 Views 0 comment Print

The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India

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