Daily Updates and News

What is GST or Goods and Services Tax? Read more at: http://www.goodreturns.in/classroom/2013/03/what-is-gst-or-goods-services-tax-162100.html?utm_source=daily-newsletter&utm_medium=email-newsletter&utm_campaign=28112015 RBI unlikely to act on policy rate till Union Budget For the monetary policy review, Rajan would watch out for a likely rate hike by US Fed and impact of Seventh Pay Commission on fiscal deficit Read more at : http://www.livemint.com/Opinion/XlvarpdReFr83GR0wKkxXL/RBI-unlikely-to-act-on-policy-rate-till-Union-Budget.html#ref=newsletter Snapdeal to roll out advertising platform The move is a potentially key revenue stream that will reduce dependence on Google and Facebook, and take on e-commerce rival Flipkart which acquired Adiquity Technologies six months ago Read more at : http://www.livemint.com/Companies/xNCbfCJGJ8GsSHr3CymmlJ/Snapdeal-to-roll-out-advertising-platform.html#ref=newsletter The import of exports Export industry, unlike non-tradable activities, has to face foreign competition from the start Read more at :  http://www.livemint.com/Opinion/ZrVUGrbPWP5FSKxxSl9JlM/The-import-of-exports.html#ref=newsletter The cost of redistributing wealth Should we just redistribute all the wealth until everyone has an equal amount?  Read more at : http://www.livemint.com/Opinion/5RS3X32VkY8USJ1IhDSMjL/The-cost-of-redistributing-wealth.html#ref=newsletter Timelines for Compliance with various provisions of Securities Laws by Commodity Derivatives Exchanges CLR Note:The Securities and Exchange Board (SEBI) of India has issued as circular with reference number CIR/CDMRD/DEA/03/2015 dated November 26, 2015 for Timelines for Compliance with various provisions of Securities Laws by Commodity Derivatives Exchanges. CIRCULAR CIR/CDMRD/DEA/03/2015 November 26, 2015 To, The Managing Directors / Chief Executive Officers of all Commodity Derivatives Exchanges...

Engagement of Services of Expatriate Officers in Indian Offices of Foreign Banks CLR Note: The Reserve Bank of India(RBI) has issued a notification with reference no. DBR.IBD.BC. 61/23.07.001/2015-16 dated November 26, 2015 for Engagement of Services of Expatriate Officers in Indian Offices of Foreign Banks. RBI/2015-16/252 DBR.IBD.BC. 61/23.07.001/2015-16 November 26, 2015 All Foreign Banks operating in India Dear Sir/Madam, Engagement of Services of Expatriate Officers in...

Central KYC Records Registry (CKYCR) – template for Know Your Customer (KYC) and reporting requirements under Foreign Account Tax Compliance Act (FATCA)/ Common Reporting Standards (CRS) CLR Note: The Reserve Bank of India(RBI) has issued a notification with reference no. DBR.AML.BC.No.60/14.01.001/2015-16 dated November 26, 2015 for Central KYC Records Registry (CKYCR) – template for Know Your Customer (KYC) and reporting requirements under Foreign Account Tax Compliance Act (FATCA)/ Common Reporting Standards (CRS) RBI/2015-16/251 DBR.AML.BC.No.60/14.01.001/2015-16...

Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) CLR Note: The Reserve Bank of India(RBI) has issued a notification with reference no. RBI/2015-16/250 dated November 26, 2015 for Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions DNBS.PD.No. 234/CGM (US)-2011 dated December 2, 2011 and DNBR.CC.PD.No. 027/03.10.01/2014-15 dated April 08, 2015 – Revision of the loan amount with tenure not less than 24... Bank Finance to Factoring Companies CLR Note: The Reserve Bank of India(RBI) has issued a notification with reference no. DBR.BP.BC.No.55/21.04.172/2015-16 dated November 26, 2015 for Bank Finance to Factoring Companies. RBI/2015-16/247 DBR.BP.BC.No.55/21.04.172/2015-16 November 26, 2015 All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Bank Finance to Factoring Companies Please refer to our circular... Thanks & Regards, Meetesh Shiroya