Notification No.77/2010 – Customs (N.T.), Dated the 27th August, 2010- Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st September, 2010 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
n exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby grants the exemption from DGFT import authorization, required in terms of para 2.7 of FTP, for import of following goods,
Income Tax Order No. 4/FT&TR-II/2010 In exercise of powers conferred under section 144C of the Income-tax Act, 1961 and in supersession of Order No. 3/FT&TR-II/2010 dated 1st July, 2010, the Board hereby constitutes the Dispute Resolution Penal (DRP-II, Mumbai) comprising of there Commissioners of Income-tax/Directors of Income-tax as members of DRP at the place given below with immediate effect and until further orders.
Notification No. 84/2010-Customs -amendments in the notification No. 13/2010-Customs, dated 19th February 2010 , In the said notification, in the TABLE, – (A) against S.No.1, – (i) In column (2), after item (b), the following shall be inserted, namely:- (c) Aerostat – with all standard equipment and frames and- tools, including skirtings with essential and standard accessories; Geo Textiles Ground Cloth or Carpet with cutting and laying Machines withstandard and essential accessories.
In case the equilibrium price is not discovered in the pre-open session, wherein, there are only market orders, the market orders shall be matched at last traded price and all unmatched orders shall be shifted to the order book of the normal market at last traded price following time priority. Last traded price shall be the opening price.
SEBI has received proposal from the stock exchanges and market participants for introducing Smart Order Routing which allows the brokers trading engines to systematically choose the execution destination based on factors viz. price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
Insurance regulator IRDA has slapped a fine of Rs 20 lakh on Bharti Enterprises promoted life and non-life insurance ventures for not informing changes in ownership pattern. Both Bharti Axa Life Insurance Company and Bharti Axa General Insurance Company has been asked to pay a penalty of Rs 10 lakh each.
Investors can buy and sell shares through mobile phones now. The Securities and Exchange Board of India has allowed registered brokers who provide internet-based trading to facilitate securities trading using wireless technology, including mobile phones and laptops with data cards.
Medical insurance policies offered by different insurers to policyholders are contracts of reimbursement. However, several policies under these contracts offer a cashless facility as a facility of convenience in their Preferred Provider Network (PPN) of hospitals. This PPN is dynamic and subject to change from time to time. With effect from July 1, 2010, the four public sector general insurers have withdrawn the cashless facility to certain hospitals that were previously in the PPN at Mumbai, Delhi, Chennai and Bengaluru.
Notification No. 69 /2010-Income Tax CBDT NOTIFICATION No. 2091(E) dated 26.08.2010—ln exercise of the powers conferred • by clause (b) of Rule 6 of Part A of the Fourth Schedule to the Income-tax.Act,1961 (43 of 1961), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 484(E), , dated the 30th May, 2001, the Central Government hereby fixes; with effect from the 1st day of Septembei, 2010, 8.5 per cent, as the rate referred to in the said clause.
