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Audit of Telecom Companies

November 16, 2010 555 Views 0 comment Print

irector General Audit, Post & Telegraph had suggested that since the Private Service Providers (PSPs) are resisting to submit their books of accounts for C&AG audit, the licence agreement between DoT and the PSPs may be amended in conformity with TRA

Gove bans Import of Second Hand Computers

November 16, 2010 783 Views 0 comment Print

There is a ban on import of second hand computers and computer peripherals now. As per Ministry of Commerce’s Handbook of Procedures Vol. 1 (2009-14), import of second hand computers including personal computers/ laptops and refurbished/reconditioned

Export Grows 21.3 Percent in October 2010 – Commerce Secretary

November 16, 2010 306 Views 0 comment Print

India’s exports have registered a growth of 21.3% during October 2010, at US $ 18 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-October 2010, exports have reache

President of India to Inaugurate Celebrations of Completion of 150 Years of C&AG tomorrow

November 16, 2010 375 Views 0 comment Print

The Institution of the Comptroller and Auditor General of India is completing 150 years of its existence. The Hon’ble President of India Smt. Pratibha Devisingh Patil will inaugurate the celebrations of completion of 150 years of this institution by

Tariff Value of Edible Oils, brass scrap and Poppy Seeds Notified

November 16, 2010 489 Views 0 comment Print

Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.97/2010-Customs (N.T.) dated November 15, 2010 and thereby notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds as shown in the

Bar Council of India responsible to lay down standards of professional conduct for Law Firms in the Country

November 16, 2010 1602 Views 0 comment Print

Dr.M.Veerappa Moily, Minister of Law and Justice, in the Lok Sabha in a written reply that under section 7 of the Advocates Act, 1961, the Bar Council of India is responsible to lay down standards of professional conduct and etiquette for advocates;

Maximum Limit on Unsecured Loans and Advances

November 15, 2010 11620 Views 0 comment Print

The modification of the previous directive referred to in this directive shall not in any manner whatsoever affect any action taken by the Reserve Bank under the previous directive and shall not absolve any primary cooperative bank from its liability in respect of any contravention of or any non compliance with the provisions of the said directive.

Exposure to Housing, Real Estate Sector and Commercial Real Estate – Urban Co-operative Banks

November 15, 2010 774 Views 0 comment Print

The above limits of credit exposure to housing, real estate and commercial real estate would be applicable from the date of this circular. UCBs having exposure in excess of the above limits may initiate steps to align their exposure to the revised limits within a period of six months from the date of this circular.

Share Linking to Borrowing Norm in Urban Co-operative Banks

November 15, 2010 5166 Views 0 comment Print

Accordingly, it has been decided to exempt UCBs, which maintain capital to risk-weighted assets ratio (CRAR) of 12 per cent or above on a continuous basis, from the extant mandatory share linking norms. This exemption would be effective from the date of this circular.

Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – The Bank of Rajasthan Limited

November 15, 2010 397 Views 0 comment Print

xclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – The Bank of Rajasthan Limited We advise that the name of “The Bank of Rajasthan Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.No.PSBD/2866/16.01.056/2010-11 dated August 18, 2010.

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