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UN Report Sees Low Global Manufacturing Growth in 2016

New Delhi (ABC Live): Global Manufacturing Growth in 2016    : A new United Nations report has indicated that global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities. The quarterly World Manufacturing Production report, published by the UN Industrial Development Organization (UNIDO), has stated that with financial uncertainty still looming across Europe, foreign ... Read More »

CBDT Inks Its 4th Bilateral Advance Pricing Agreement

New Delhi (ABC Live): The Central Board of Direct Taxes (CBDT) entered into a Bilateral Advance Pricing Agreement (APA) on 2nd August, 2016 with the Indian subsidiary of a Japanese trading company. This is the first Bilateral Advance Pricing agreement with a Japanese company having a “Rollback” provision in it. Overall, it is fourth bilateral APA signed by CBDT. Signing ... Read More »

SEBI Gets New Address in Patna

Patna (ABC Live): SEBI :Shri Nitish Kumar, Hon’ble Chief Minister, Bihar, inaugurated the new premises of the Local Office of Securities and Exchange Board of India at Patna today, in the presence of Shri Abdul Bari Siddiqui, Hon’ble Finance Minister, Bihar, and Shri U.K. Sinha, Chairman, Securities and Exchange Board of India (SEBI).  Patna Local office of Securities and Exchange ... Read More »

RBI Interacts with NBFCs,ARCs on Strategic Debt Restructuring

Mumbai (ABC Live):  Strategic Debt Restructuring: Senior officials from the Reserve Bank of India, including the Governor, Dr. Raghuram Rajan, Deputy Governors Shri R. Gandhi and Shri S.S. Mundra, as well as senior officials from the concerned regulation and supervision departments, today held a meeting with senior executives of major banks, Non-Banking Financial Companies (NBFCs) and Asset Reconstruction Companies (ARCs) ... Read More »

SEBI Tries to Curb Commodity Market Volatility

Mumbai (ABC Live):Commodity Market Volatility: In accordance with Central government notifications F. No. 1/9/SM/2015 S.O. 2362 (E) and F. No. 1/9/SM/2015 S.O. 2363 (E) dated August 28, 2015, SEBI had commenced regulating the commodity derivatives market under Securities Contracts Regulation Act (SCRA) 1956 with effect from 28th September, 2015. With a view to curb the speculative participation and consequent volatility in prices ... Read More »

Modi to Launch Start up India Tomorrow

New Delhi (ABC Live): Start up India : The Prime Minister, Shri Narendra Modi, will launch the “Start up India” movement at Vigyan Bhawan in New Delhi tomorrow. The launch event is aimed at celebrating the entrepreneurship spirit of country’s youth, and will be attended by CEOs and founders of top Start-ups from across the country and abroad. The Prime ... Read More »

EPFO Withdraws Grace Period for Depositing Dues

New Delhi (ABC Live): Employees Provident Fund Organisation(EPFO) has withdrawn grace period of 5 days for depositing the dues with effect from February ,2016. EPFO has earlier issued a circular on 8th January, 2016 to this effect. In a communication to employers ,EPFO has informed that the dues for the month of Jan, 2016 are to be paid by 15th ... Read More »

RBI Reviews Indian Financial Markets

Mumbai (ABC Live):RBI Reviews :The 40th meeting of the Technical Advisory Committee (TAC) on Financial Markets was held today at Reserve Bank of India, Central Office, Mumbai, under the chairmanship of Shri Harun R. Khan, Deputy Governor, Reserve Bank of India. Senior officials from RBI, representatives from the Ministry of Finance, the Securities Exchange Board of India (SEBI), the Insurance ... Read More »

Raghuram Rajan Gets Central Banker of the Year Award

Mumbai (ABC Live):The Reserve Bank of India Governor, Dr. Raghuram Rajan has been conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, a monthly publication of the Financial Times Group focussing on banking. The Central Banker of the Year 2016 awards celebrate the officials that have best managed to stimulate growth ... Read More »

India to Draft Comprehensive Policy for MSMEs

New Delhi (ABC Live): Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be drafted by a high powered committee to be headed by former cabinet secretary Prabhat  Kumar. Announcing this, Shri Kalraj Mishra, Union minister for MSME said the committee will submit its report as early as possible. At ... Read More »