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Notifications/Circulars

Amendment to Rule 17,18 and insertion of Rule 52A and 83A – Maharashtra Value Added Tax (Amendment) Rules, 2011

March 17, 2011 3100 Views 0 comment Print

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (2) read with the proviso to sub-section (4) of section 83 of the said Act, and of all other powers enabling it in this behalf, the Government of Maharashtra hereby, makes the following rules further to amend the Maharashtra Value Added Tax Rules, 2005.

Amendment to Rule 21 and Form 301 – Maharashtra Value Added Tax (Second Amendment) Rules, 2011

March 17, 2011 4865 Views 0 comment Print

In rule 21 of the Maharashtra Value Added Tax Rules, 2005 (hereinafter referred to as the principal Rules ) in sub-rule (1), for the brackets, figures and words (3) and (4) of section 23 the brackets, figures, letters and words (3), (3A) and (4) of section 23 shall be substituted and shall be deemed to have been substituted with effect from the 1st April 2005.

IRDA issues Exposure Draft on Guidelines on Web Aggregators

March 17, 2011 4082 Views 0 comment Print

The use of internet is growing rapidly in India. Buyers of Insurance products increasingly access / visit websites to know the features and to compare prices of the products offered by different insurers. This has led to the emergence of dedicated websites known as ‘web aggregators’ offering information on insurance products. The concept of web aggregator is of online enquiry or shopping where a client could get information and premium quotes on all types of policies across Insurance companies at one point.

Monitoring of food import from Japan for radioactive contamination- Custom Instruction

March 17, 2011 673 Views 0 comment Print

Following the recent earthquake in Japan and concerns of possible radiation leakage from the affected nuclear plants, there is a need to increase surveillance of food imports from Japan to ensure that they are safe for consumption. Accordingly, it has been decided that Food Safety and Standards Authority of India (FSSAI) would test samples of food articles, particularly fresh produce exported from Japan after March 11, 2011, such as sea food, fruits, vegetables and meat for radioactive contamination. FSSAI has directed their Authorised Officers to have the food articles tested for radioactive contamination from BRIT (Board of Radiation and Isotope Technology), Navi Mumbai before issuing ‘No Objection Certificate’ to Customs.

RBI increases Repo and reverse repo rate by 25 basis points

March 17, 2011 676 Views 0 comment Print

As announced today in the Mid-Quarter Monetary Policy Review, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to 6.75 per cent and the reverse repo rate by 25 basis points from 5.50 per cent to 5.75 per cent with immediate effect.

Interactive Meeting on 18th March 2011 at 3 p.m on Deemed Export Issues

March 16, 2011 490 Views 0 comment Print

The Director General of Foreign Trade (DGFT) would be available for interaction between 3.00 PM and 5.00PM on Friday, 18th March 2011 at room number 4, Ground Floor, H Wing, Udyog Bhawan (Conference Room of DGFT). Entry is through Gate No.2 of Udyog Bhawan.

Amendment in Tax on lotteries and Games under Punjab Tax on Lotteries Act, 2005

March 16, 2011 1242 Views 0 comment Print

GOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION II BRANCH) NOTIFICATION The March 11, 2011 No.S.O.    In exercise of the powers conferred by section 4 of the Punjab Tax on Lotteries Act, 2005 (Punjab Act No. 18 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab […]

SEBI Circular on Listing Agreement for Securitized Debt Instruments

March 16, 2011 628 Views 0 comment Print

Cir. /IMD/DF/5/2011- March 16, 2011 – The Listing Agreement for securitized debt instruments as set out at Annexure shall come into force with immediate effect for all ‘securitised debt instruments, as defined under regulation 2(1 )(s) of the Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008, seeking listing on the Stock Exchange.

RBI includes Telecom Towers as an infrastructure facility for availing credit facility

March 16, 2011 559 Views 0 comment Print

The term “Infrastructure Loan” has been defined in Para 2(viii) of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non – Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, respectively. It has now been decided to include “Telecom Towers” also as an infrastructure facility for availing credit facility.

Complaints against Secretaries to the Government of India and Chief Executives of the Public Sector Enterprises and CMDs of the Public Sector Banks and Financial Institutions

March 16, 2011 7380 Views 0 comment Print

Cabinet Secretariat has brought to the notice of the CVC that in spite of above clarifications issued by CVC, some Ministries/Departments which receive complaints from CVC for taking appropriate action, instead of taking further necessary action at their level continue to forward the same to the Group of Secretaries of Group of Officers for consideration. Cabinet Secretariat has therefore, desired that instructions be issued by CVC to all the Ministries/Departments in this regard.

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