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Economy
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Union Government of India proposed plan to raise FDI Limit in Key Sectors
Published on: 19-JUN-2013
Government proposed sweeping changes in FDI regime to attract foreign investors based on the recommendations made by Arvind Mayaram Committee.
RBI left its Repo Rate unchanged at 7.25 Percent
Published on: 18-JUN-2013
RBI in its June mid-quarter monetary policy on 17 June 2013, left its key policy ( repo rate) unchanged at 7.25 percent
Telecom Regulatory Authority of India (TRAI) reduced Roaming charges for calls,SMSes
Published on: 17-JUN-2013
Telecom regulator TRAI on 17 June 2013 announced reduction in the national mobile phone roaming charges which will come into effect 1 July 2013.
Petrol Prices hiked by 2 Rupees per Liter, excluding VAT
Published on: 17-JUN-2013
Price of petrol went up by 2 rupees in India due to devaluation of rupee. Due to devaluation, the import cost of crude oil has gone costlier for oil firms.
WPI Inflation declined to 4.7 Percent in May 2013
Published on: 15-JUN-2013
WPI inflation in May 2013 came down to 4.7 percent against 4.89 percent measured in April 2013.
SEBI notified Norms for Listing of Preference Shares
Published on: 15-JUN-2013
Market regulator Sebi in Month of June 2013 notified a new set of regulations to regulate issuing and listing of non-convertible preference.
Tax Scrutiny of Multinational Companies to Increase in India
Published on: 14-JUN-2013
The (I-T) department has notified a revised form to check for transfer pricing infractions, something that could intensify the scrutiny on their books.
Mineral Production during April 2013: Provisional Data Released
Published on: 14-JUN-2013
The index of mineral production of mining sector in April 2013 was lower by 16.9 percent compared to March 2013
Industrial Production Growth declined to 2 Percent in April 2013
Published on: 13-JUN-2013
Industrial production growth declined to 2 per cent in April 2013 due to dismal performance of various sectors.
Retail Inflation stood at 9.31 Percent in May 2013
Published on: 13-JUN-2013
As per the data released on 12 June 2013, Retail inflation stood at 9.31 per cent in May 2013
Foreign Investment Limit hiked by 5 Billion Dollar in Government Securities
Published on: 13-JUN-2013
The limit of Foreign Investment in Government Securities was enhanced by 5 Billion US Dollar to increase overseas capital inflows on 12 June 2013.
RBI hiked the Cap for Online Repatriation of Export Proceeds
Published on: 12-JUN-2013
The cap on online repatriation of export proceeds was raised by to 10000 US dollars by RBI to arrest the slide in the value of rupee and boost Forex inflows.
FEEs from Tourism increased by over 9 percent in May 2013
Published on: 11-JUN-2013
FEEs for May 2013 increased by more than 9 percent and the FTAs went up by 3.2 percent in the same period.
RBI penalised Axis Bank, HDFC Bank and ICICI Bank for rule violations
Published on: 11-JUN-2013
RBI imposed a fine on Axis Bank, HDFC Bank and ICICI Bank for violation of KYC norms and anti-money laundering guidelines.
Cost inflation index for 2013-14 raised by 10%: CBDT
Published on: 10-JUN-2013
The Central Board of Direct Taxes (CBDT) in month of June 2013has specified a value for the cost inflation index for 2013-14.
Rupee touched New Life time low against Dollar at 57 Rupees 77 Paise
Published on: 10-JUN-2013
The rupee fell by a whopping 71 paise to hit a new life-time low of 57 rupees 77 paise against Dollar
CBDT revised Selection Criteria for Income Tax Officials
Published on: 10-JUN-2013
The Ministry of Finance in June 2013 has introduced new rules for sending Income Tax officers to newly created overseas units similar to in the US and the UK.
RBI directed banks to Periodically Audit Documents of Credits of 5 Crore and Above
Published on: 08-JUN-2013
RBI on 7 June 2013 directed the banks to audit and verify the documents of all credits of 5 crore and above periodically to prevent frauds.
RBI put restrictions on Co-Operative banks for Loans against Gold coins
Published on: 07-JUN-2013
Reserve Bank of India on 7 June 2013 extended the restriction on advance against gold on co-operative banks set to curb the demand for gold.
Finance Ministry asked Indian Bank Association to set up Oversight Mechanism
Published on: 07-JUN-2013
The Finance ministry asked the Indian Banks' Association to set up an independent body to manage the corporate debt restructuring (CDR) mechanism.
Department of Telecommunication (DoT) asked TRAI to Audit Spectrum Use
Published on: 07-JUN-2013
DoT asked Trai to carry out regular spectrum utilization audit of all service providers in order to ensure efficient utilization of spectrum.
The Import Duty on Gold and Platinum hiked from 6 to 8 Percent
Published on: 06-JUN-2013
The government hiked the import duty on Gold and Platinum from 6 to 8 per cent on 5 June 2013.
Government hiked the Import duty on Gold and Platinum
Published on: 06-JUN-2013
Import duty on gold was hiked from 6 percent to 8 percent by the Government of India with an aim of curbing the import of gold in the country.
CCEA approved Revival of Nagaland Pulp and Paper Company Limited
Published on: 05-JUN-2013
CCEA on 4 June 2013 approved the revival of the Nagaland Pulp and Paper Company Limited (NPPC) with the infusion of funds of 309.38 crore Rupees.
The Union Cabinet of India approved the Real Estate Bill 2013
Published on: 05-JUN-2013
The Union Cabinet of India on 4 June 2013 approved the Real Estate (Regulation and Development) Bill 2013
India's Foodgrain Production registered a Growth of 30 Percent
Published on: 04-JUN-2013
India's foodgrain production registered an impressive growth of over 30 percent in the last nine years.
India to Dominate Global Saving and Investment Along With China: World Bank Report
Published on: 04-JUN-2013
The World Bank report released on 3 June 2013 forecasted that India and China will become largest investors of the world in the year 2030.
RBI extended Time for opening up of New Banks by Six Months
Published on: 04-JUN-2013
The RBI (Reserve Bank of India) on 3 June 2013 increased the validity period of setting up of banks from one year to 18 months.
Government raised the Import Tariff Value of Gold to 459 Dollars per 10 Grams
Published on: 03-JUN-2013
The Union government of India increased the import tariff value of gold to 459 dollars per 10 grams
India witnessed a Five-Fold Increase in Power Generation
Published on: 03-JUN-2013
India witnessed a five-fold increase in the additional power generation capacity during the last nine years
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