Daily Archives: November 4, 2015

Sovereign Gold Bonds 2015 16 Operational Guidelines issued by RBI

RBI/2015-16/222 IDMD.CDD.No.968/14.04.050/2015-16 November 4, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 – Operational Guidelines This has reference to the GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 on the Sovereign Gold Bonds, 2015-16. FAQs in this regard have been placed on… Read More »

Format for quarterly holding pattern issued by SEBI

CIRCULAR CIR/CFD/CMD/9/2015 November 04, 2015 To The Managing Director/Executive Director, All recognised Stock Exchanges. The Managing Director/Executive Director, All Depositories. Dear Sir/Madam, Sub: Format for quarterly holding pattern, disclosure norms for corporate governance report and manner for compliance with two-way fungibility of Indian Depository Receipts (IDRs) 1. In terms of sub regulation (1) of regulation… Read More »

Format for Business Responsibility Report (BRR) issued by SEBI

CIRCULAR CIR/CFD/CMD/10/2015 November 04, 2015 To All Listed Entities All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Format for Business Responsibility Report (BRR) 1. At a time and age when enterprises are increasingly seen as critical components of the social system, they are accountable not merely to their shareholders from a revenue and profitability perspective… Read More »

Commission of Dealer on sale of SIM cards not liable for Service tax : Madras High Court

Held:- Though the correct procedure for discharge of the service tax liability by the two parties is that the distributors raise bills for commissions that is due to them along with service tax and BSNL takes Cenvat Credit of tax paid by distributors for discharging liability on the telecommunication service provided by BSNL, such procedure… Read More »

Incorrect news reports on Moody’s Analysis

Ministry of Information & Broadcasting 04-November, 2015 It is with regret the Government of India notes the irresponsible and distorted reporting by certain sections of the Indian media on what was the personal opinion of a Junior Associate Economist employed with Moody’s Analytics. It is surprising that sections of the Indian media failed to make… Read More »

canal is proposed to be built between Mori creek and Jalor Rajasthan

Ministry of Shipping 04-November, 2015 Development of Inland Shipping Port at Jalore, Rajasthan The Inland Waterways Authority of India under the Ministry of Shipping proposes to guide and support Rajasthan government for building an Inland Shipping Port at Jalore. The port and the terminal that are to be created, will help develop inland navigation facilities… Read More »

Major Recommendations of the Bankruptcy Law Reforms Committee

Ministry of Finance on 04-November, 2015  Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC) The Report of the BLRC is in two parts: Rationale and Design/Recommendations; A comprehensive draft Insolvency and Bankruptcy Bill covering all entities. The draft Bill has consolidated the existing laws relating to insolvency of companies, limited… Read More »

Format for Voting Results of General Meeting for listed entities issued by SEBI

CIRCULAR CIR/CFD/CMD/8/2015 November 4, 2015 To All Listed Entities All the Recognised Stock Exchanges Dear Sir/Madam, Sub: Format for Voting Results 1. Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”), has prescribed that the listed entity shall submit to the stock exchange, within forty eight… Read More »

Ministry of Road Transport and Highways acquires ISO 9001:2008 Certificate

Ministry of Road Transport & Highways 12-October, 2015 The Ministry of Road Transport and Highways has acquired ISO 9001:2008 certificate for monitoring, planning, development and maintenance of highway infrastructure and road transport throughout the country. Shri Nitin Gadkari, Union Minister of Road Transport & Highways and Shipping received the certificate from the CMD of Indian… Read More »

PAHAL-Direct Benefits Transfer for LPG Consumers Scheme

PAHAL-Direct Benefits Transfer for LPG(DBTL) Consumers Scheme The PAHAL (DBTL) scheme was earlier launched on 1st June 2013 and finally covered 291 districts. It required the consumer to mandatorily have an Aadhaar number for availing LPG Subsidy. The government has comprehensively reviewed the scheme and after examining the difficulties faced by the consumer substantively modified… Read More »

Green India Mission Plans of Four States Approved

Ministry of Environment and Forests 12-October, 2015 Green India Mission Plans of Four States Approved The second meeting of National Executive Council (NEC) of the National Mission for a Green India (GIM) held here recently, approved the Perspective Plans & Annual Plan of Operations (APOs) submitted by four States – Mizoram, Manipur, Jharkhand and Kerala.… Read More »

President to launch Imprint India on Nov 5 2015

President’s Secretariat 04-November, 2015 President to launch ‘ Imprint India ’   tomorrow (November 5, 2015) ‘ IMPRINT India ’, a Pan-IIT and IISc joint initiative to develop a roadmap for research to solve major engineering and technology challenges in ten technology domains relevant to India will be launched by the President of India, Shri… Read More »

Non compliance of award of Insurance Ombudsmen or Order of MACT or Consumer Fora: IRDA issues instructions- regarding

Ref: IRDA/CAD/CIR/MISC/194/11/2105 Date: 03-11-2015 IRDAI has been receiving complaints from policyholders against the insurers regarding non-compliance of Orders/Awards passed by Judicial/Quasi-judicial bodies such as (a)Orders of Consumer Forums (b) Orders of the Motor Accident Claims Tribunals(MACT) and (c) Awards of the Insurance Ombudsmen . 2. Considering the fact that the complainant is already aggrieved, further delay in compliance… Read More »

Government shifts to e publishing

Long wait for printed Gazette Notifications over- Government shifts to e publishing Government’s Gazette Notifications being published on http://www.egazette.nin.in UD Ministry stops physical printing of 3.50 cr pages of Gazette Notifications per year In a significant initiative, the Ministry of Urban Development has stopped physical printing of Government of India’s Gazette Notifications and introduced e-publishing… Read More »

Procedure for booking of Paperless Unreserved Journey tickets of railways

Ministry of Railways 09-October, 2015 Shri Suresh Prabhakar Prabhu Launched these Services Through Video Conferencing from New Delhi The Railway Minister Shri Suresh Prabhakar Prabhu launched following IT enabled passenger services through video conferencing from New Delhi:   Paperless Unreserved Ticketing through Mobile Phones on suburban stations over Central Railway Paperless Platforms tickets at Chhatrapati… Read More »

Additional Judges In Calcutta High Court from 01.10.2015

Ministry of Law & Justice 09-October, 2015 Appointment of Additional Judges In Calcutta High Court In exercise of the powers conferred by clause (1) of article 224 of the Constitution of India, the President is pleased to appoint (i) Shri Indrajit Chatterjee, (ii) Shri Shib Sadhan Sadhu, (iii) Shri Sudip Ahluwalia, (iv) Shri Tapash Mookherjee,… Read More »

Agartala to get broad gauge rail link by March 2016

Ministry for Development of North-East Region 09-October,2015 Agartala to get broad-gauge rail link soon, says Dr Jitendra Singh Agartala, the capital city of Tripura, will get the much awaited broadgauge rail link facility by March next year. This was disclosed by Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO,… Read More »

Govt Approves 11 Proposals of FDI of Rs.1,567.91 Crore

Ministry of Finance                                                             08-October, 2015 Government Approves Eleven (11) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 1,567.91 Crore Approximately Based on the recommendations… Read More »

Athletics to be one of the focus area of India

Ministry of Youth Affairs and Sports 07-October, 2015 In view of popularity of traditional athletics such as running, long jump, high jump etc. in the rural areas of India and practically no expenditure required by way of buying expensive sports equipment to be an athlete and keeping in view the recent excellent performance of Indian… Read More »

Mid Day Meal Rules 2015 Notified by Govt

Ministry of Human Resource Development  01-October, 2015 Mid Day Meal Rules 2015 Under National Food Security Act, 2013 Notified The Central Government notified ‘Mid Day Meal Rules , 2015’ on September 30th, 2015. The National Food Security Act, 2013 (NFSA, 2013) contains provisions related to welfare schemes including Mid Day Meal Scheme. In accordance with… Read More »

Gold Monetisation Scheme 2015 issued by RBI

(Updated as on November 03, 2015) RBI/2015-16/211 Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 October 22, 2015 Gold Monetisation Scheme, 2015 In exercise of the powers conferred on the Reserve Bank of India (RBI) under Section 35 A of the Banking Regulation Act, 1949 and in pursuance of the Central Government notification issued vide Office Memorandum F.No.20/6/2015-FT dated September… Read More »

Minimum 30 gram Gold and No Maximum limit for Deposit of Gold under Gold Monetisation Scheme

Gold Monetisation Scheme, 2015 – Amendment RBI/2015-16/224 DBR.IBD.BC.52/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 – Amendment In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation… Read More »

RBI notified Interest rate on Gold Monetisation Scheme

Gold Monetisation Scheme, 2015 – Interest Rate RBI/2015-16/223 DBR.IBD.BC.53/23.67.003/2015-16 November 3, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015- Interest Rate Please refer to the Reserve Bank of India Master Direction No.DBR.IBD.No.45/ 23.67.003/ 2015-16 dated October 22, 2015 on Gold Monetisation Scheme (GMS), 2015. 2. In this connection, it is… Read More »