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Reg. Prohibition on export of Red Sanders wood in log form

September 2, 2016 625 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 383.132 MT of Red Sanders wood, in log form through State Government Maharashtra and Tamil Nadu.

Additional risk management norms for NCDEX

September 1, 2016 820 Views 0 comment Print

In order to further strengthen the risk management framework of commodity derivatives markets and avoid any systemic risk, it has been decided to prescribe additional norms/modify (to the extent specified hereunder) certain existing norms on risk management at National Commodity Derivatives Exchanges. The additional/modified norms are placed at Annexure-I.

Guidelines on Sale of Stressed Assets by Banks

September 1, 2016 1414 Views 0 comment Print

In terms of extant instructions of the Reserve Bank, the board of banks shall lay down detailed policies and guidelines on sale of their stressed assets to Securitisation Companies (SCs)/Reconstruction Companies (RCs). The policy, inter alia, shall cover the following aspects:

Advances against Term Deposits of Non-members

September 1, 2016 421 Views 0 comment Print

The SEB should have in place an Audit Committee of the Board of Directors which is constituted and functioning in compliance with the instructions contained in our circular UBD.No.Plan.(PCB).9/09.06.00-94/95 dated July 25, 1994.

Merchant Discount Rates (MDR) structure – unbundling of charges

September 1, 2016 829 Views 0 comment Print

It has been brought to our notice that in many instances charges for merchants are bundled and a composite fee is levied on merchants irrespective of the type of card used. This practice hinders adherence to the extant regulatory mandate

Provide Free Annual Credit Report to Individuals: RBI

September 1, 2016 2032 Views 0 comment Print

Given the importance of the credit report in an individual’s financial matters, he/she is entitled to have a copy of the report upon request. Further, the objective of providing the free credit report would not be fully met unless this report includes details that figure in the full credit report that is accessed by the credit institutions while considering the request for fresh credit facilities.

Govt notifies Technical Advisory Committee under Child Labour Prohibition Law

September 1, 2016 1039 Views 0 comment Print

In exercise of the powers conferred by section 5 of the Child Labour (Prohibition and Regulation) Act, 1986 (61 of 1986) read with rule 3 of the Child Labour (Prohibition and Regulation) Rules, 1988, the Central Government hereby constitutes an advisory committee to be called the Technical Advisory Committee consisting of the

Govt notifies draft Proposal to revise minimum rates of wages

September 1, 2016 2074 Views 0 comment Print

Central Government after consulting the Advisory Board hereby makes a draft proposal to revise the rates of wages as specified in the Table as mentioned hereinafter in the draft proposal for fixing the minimum piece-rate wages and minimum guaranteed time-rate wages per day for employee engaged in the stone mines in the whole of India

Sunset Review of Anti-dumping Duty on imports of Para Nitro Aniline from China

September 1, 2016 751 Views 0 comment Print

The product under consideration in the present investigation is Para Nitro Aniline. Para nitro aniline is classified under Customs sub heading No 29214226 under chapter 29 of the Customs Tariff Act, 1975. However, customs classification is indicative in nature and not binding on the scope of the investigation.

CBDT Extends due date for quarterly furnishing of Form 15G/155H

August 31, 2016 15466 Views 0 comment Print

Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards.

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