Daily Archives: November 4, 2015

Sovereign Gold Bonds 2015 16 Operational Guidelines issued by RBI

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 2015

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 »

Unified Registration for 5 labour acts (ESIC, EPFO, BOCW, CLA, ISMW)

By | November 4, 2015

Description:- This joined up service enables the applicant to fill a common form for ‘ESIC, EPFO, BOCW, CLA, and ISMW’ services and the same is then routed to the respective department for processing. While applying for these services, eBiz reference number is generated which is used by the applicant for further tracking of application. Once… Read More »

Incorrect news reports on Moody’s Analysis

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 2015

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 »

Gujarat proposes Rs.15,375 cr AMRUT Plan to ensure basic infra in 31 mission cities

By | November 4, 2015

Ministry of Urban Development 12-October, 2015 Seeks centre’s approval for projects worth Rs.1,204 cr for 2015-16 To construct Sewerage Treatment Plants of 869 million litres per day capacity @ Rs.4,721 cr in 5 years The Government of Gujarat has proposed a Rs.15,375 cr comprehensive action plan to ensure basic infrastructure in 31 cities under Atal… Read More »

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

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 2015

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 »

Development of Inland Shipping Port at Jalore, Rajasthan

By | November 4, 2015

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 »

Govt invites comments on Bankruptcy Law Reform report

By | November 4, 2015

Ministry of Finance 04-November, 2015 Bankruptcy Law Reform Committee submits its Report to the Union Finance Minister Shri Arun Jaitley ; Government invites comments on the report from the stakeholders by 19th Novemebr,2015 The Finance Minister Shri Arun Jaitley, in his Budget Speech 2015-16, had identified Bankruptcy Law Reform as a key priority for improving… Read More »

First ever National Gold Coin minted in India to be released on 5th Nov 2015 by PM

By | November 4, 2015

PM to launch Gold Related Schemes on 5th November, 2015; First ever National Gold Coin minted in India with National Emblem of Ashok Chakra engraved to be released among others on the occasion The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme… Read More »

President to launch Imprint India on Nov 5 2015

By | November 4, 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

By | November 4, 2015

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 »

salient features of Marginal Field Policy for oil and Gas

By | November 4, 2015

MINISTRY OF PETROLEUM AND NATURAL GAS New Delhi, the 14th October 2015 RESOLUTION No. O- 19018/22-95-ONG.III—Many of the Marginal oil and gas fields of Oil & Natural Gas Corporation Ltd (ONGC) and Oil India Ltd (OIL) could not be monetized for years due to various reasons such as isolated locations, small size, prohibitive development costs,… Read More »

Government shifts to e publishing

By | November 4, 2015

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

By | November 4, 2015

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

By | November 4, 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 »

Indian shipowners are likely to benefit from Revision of Piracy High Risk Area

By | November 4, 2015

Ministry of Defence 09-October, 2015 Revision of Piracy High Risk Area (HRA) European Union Chair of the Contact Group of Piracy off the Coast of Somalia (CGPCS), on 08 Oct 2015, announced the revision of the limits of the piracy High Risk Area (HRA) with effect from 01 December 15. The unanimous agreement by the shipping… Read More »

Govt Plans to Utilise Territorial Army in Clean Ganga Mission

By | November 4, 2015

Ministry of Defence 09-October, 2015 Government Plans to Utilise TA in Clean Ganga Mission: Parrikar The Defence Minister Shri Manohar Parrikar has said that the Government is looking forward to utilize the personnel of Territorial Army (TA) in ‘National Mission for Clean Ganga’. Addressing the 66th Anniversary Parade of TA , he expressed confidence that… Read More »

Agartala to get broad gauge rail link by March 2016

By | November 4, 2015

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 »

Mechanisation of East Quay Berths 1, 2 and 3 at Paradip Port under PPP model approved

By | November 4, 2015

Cabinet Committee on Economic Affairs (CCEA) 07-October, 2015 Mechanisation of East Quay (EQ) Berths 1, 2 and 3 at Paradip Port The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip… Read More »

National War Memorial and a National War Museum at Princess Park near India Gate

By | November 4, 2015

Cabinet approves construction of National War Memorial The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, on 07-October 2015 approved the construction of a National War Memorial and a National War Museum at Princess Park, near India Gate, New Delhi in memory of all Indian soldiers who have made the supreme sacrifice for the… Read More »

Mid Day Meal Rules 2015 Notified by Govt

By | November 4, 2015

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 »

Derivatives Loss not Speculative can be set off against brokerage income

By | November 4, 2015

Issue :– The Assessing Officer held that the loss of Rs.26,63,131/- suffered by the assessee on account of share trading as share broker is not a business loss, but speculative loss as per Explanation to Section 73 and as per Explanation 2 to Section 28 and set off against the income from the business of… Read More »

International Film Festival for the persons with disabilities

By | November 4, 2015

Ministry of Social Justice & Empowerment             02-November, 2015 13:54 IST International Film Festival for the persons with disabilities First international film festival for the persons with disabilities (IFFPD) will be held in Delhi from 1st to 3rd December 2015. Announcing this here today Secretary, Department of Empowerment of Persons… Read More »

SEBI cautions investors not to invest in schemes offered by entities not registered with SEBI

By | November 4, 2015

PR No. 255/2015 SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed… Read More »

Gold Monetisation Scheme 2015 issued by RBI

By | November 4, 2015

(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

By | November 4, 2015

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

By | November 4, 2015

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 »