Anti-dumping duty likely to be imposed on import of chemical from 4 countries
The government may impose anti dumping duty on import of a chemical, used in industries like plastics, from four countries, including China,
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SEBI stratagems rules for uniform pricing of corporate bonds
To deepen the corporate bond market, regulator Securities and Exchange Board of India (SEBI) plans to come out with a methodology for
Continue readingCBDT achieves important milestone of 200 APAs
The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. All
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Cabinet approves establishment of National Financial Reporting Authority
The Union Cabinet has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three
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Ombudsman Scheme for Non-Banking Financial Companies, 2018
In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India
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15th Finance Commission invites suggestions from public, institutions for higher inclusive growth
The Fifteenth Finance Commission has invited suggestions/views on issues related to the terms of reference from the members of the general public,
Continue readingIndia plans common logistics portal to ease movement of goods, slash logistics cost
In a move to ease the transportation of goods, the government is planning a common platform integrating all transactions involved in their
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RBI forms committee to measure effectiveness of bank audit in fraud mitigation
Reserve Bank of India (RBI), as part of its ongoing efforts for strengthening of the supervisory framework in the country, has been
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Pension regulator PFRDA relaxes norms, allows partial withdrawal under National Pension System
Relaxing the norms, PFRDA has permitted partial withdrawal of funds under the National Pension System (NPS) for specified purposes i.e. for purchase
Continue readingCorporate governance norms to be introduced at State-owned banks
The government is planning to refresh the corporate governance norms for State-owned banks. The move is being seen as a balance between
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Centre mulls permitting 100% foreign investment in private banks
The Union government is holding talks to increase foreign investment limits in private sector banks to 100%, from 74% at present. It
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100% automatic route FDI for real estate brokerage can propel broker training, services
The Cabinet cleared 100% FDI under automatic route for real estate broking services on the grounds that real-estate broking service does not
Continue readingSEBI working with Finance Ministry on new framework on ‘algorithm trading’
The Securities and Exchange Board of India (SEBI), in consultation with the Finance Ministry, is expected to reissue fresh guidelines on high-frequency
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E-Way Bill facility for transporters and manufacturers effective from February 1, 2018
Transporters and manufacturers were given the facility to use the E-Way Bill on a trial basis till the end of January before
Continue readingCBDT notifies important procedural aspects while conducting e-assessment
Sub-section (23C) of Section 2 of the Income-tax Act, 1961 (Act), applicable from 01.06.2016, provides that “hearing” includes communication of data and
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Relief for MSME borrowers registered under GST
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day
Continue readingRBI releases harmonized definitions of data elements covered in banking/regulatory returns
Reserve Bank of India had constituted an inter-departmental Task-force in December 2014, to provide “harmonised” definitions of major balance sheet/profit and loss/off-balance
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RBI permits overseas branches/subsidiaries of Indian banks to refinance External Commercial Borrowings
Refinancing of External Commercial Borrowings A.P. (DIR Series) Circular No. 15 Attention of Authorized Dealer Category – I (AD Category
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Summary of Budget 2018-19
Government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are back
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National Medical Commission to replace MCI
The National Medical Commission Bill, 2017, which has been cleared by the Cabinet, is set to replace the existing Medical Council Act,
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