| Professional
News |
| Misc. - Indirect
Tax |
| Trade min urges finmin to scrap
export duty on iron ore pellets |
|
Delhi : Commerce minister
Anand Sharma said Thursday his ministry has urged the finance
ministry to remove the 5% export duty on iron ore pellets."We
have reservations (against 5% export duty) because it (pellet)
is a value-added product and the duty, per se, is a
disincentive," Sharma told reporters in North Block. He had
come to attend a group of ministers meeting on the
Amritsar-Kolkata Industrial Corridor."We have raised this
issue with the finance ministry. The domestic industries were
encouraged to increase capacity, and what actually is getting
exported is not even 1.5% of the total capacity. Therefore, we
should be encouraging and not be disincentivising them," the
minister added.
|
| SEBI |
| Sebi says hike in net worth required
for mutual funds spread, no rethink |
|
Maharashtra : Defending its
decision to raise net worth requirement for asset management
companies, whole time member of Sebi, S Raman today said high
net worth is essential for better penetration of mutual fund
industry as players need financial muscle to support growth.
He also said there is less scope for the regulator to have a
rethink on this issue. "We have done what we have done after a
great deal of thought...Right now, there is not much scope for
rethink...," S Raman told reporters on the sidelines of a BSE
event here.
|
| RBI |
| RBI sells special drawing rights to
pay North Block |
|
Maharashtra : The Reserve
Bank of India (RBI) has sold special drawing rights (SDRs) to
the International Monetary Fund (IMF) for interim payment to
the government for meeting the fiscal deficit target of 4.8
per cent of GDP in the current financial year.According to
sources close to the development, the central bank has paid Rs
10,000 crore to the government. The payment can’t technically
be termed a dividend as the central bank does not earn any
income.
|
| CCP must for inter-bank forex swaps:
RBI panel |
|
Maharashtra : A Reserve Bank
of India (RBI) panel on reforms in over-the-counter (OTC)
foreign exchange derivatives has recommended that clearing of
interbank trades in foreign exchange forward and swaps should
be mandatorily done on the central counter party (CCP)
platform by the end of this month.CCP acts as a central hub
for market participants. It can improve the effectiveness of
default management arrangements and coordinate operational
improvements and efficiencies, according to the RBI panel
headed by its executive director, R Gandhi.
|
| Misc. Corporate Laws
& Other Commercial Policies |
| Process to sign FTA with Asean
completed |
|
Delhi : India has completed
the internal process for signing the much-waited free trade
agreement in services and investments with Asean, which is set
to boost its economic engagement with the 10-nation grouping.
"We have completed our process for signing the FTA on services
and investment and await the completion of the processes
amongst the Asean countries," external affairs minister Salman
Khurshid said.
|
| Finance & Money
Markets |
| BSE Sensex hits new high as FIIs bet
big on the BJP |
|
Maharashtra : Indian
equities scaled new peaks on Thursday — 2,1513.87 for the
Sensex and 6,401.15 for the broader Nifty — as foreign
institutional investors (FIIs) shopped for the 16th straight
session, comforted by a shrinking current account deficit
(CAD), a strengthening currency and counting on the elections
throwing up a cohesive coalition at the Centre.Concerns about
corporate earnings appear to have been brushed aside for the
moment in the hope that a stable and efficient government will
jumpstart growth.
|
| Indian Rupee rallies to 3-month high,
goes from worst performer to rising
star |
|
Maharashtra : The
worst-performing currency among emerging markets less than a
year ago, the rupee has staged an impressive comeback to
become a much sought-after asset for foreign investors. On
Thursday, the Indian currency closed at a three-month high of
61.12 against the dollar, gaining 1.5% in just three sessions.
Three-month offshore non-deliverable forward (NDF) markets are
predicting less of a fall in the rupee now to just 62.31
compared with earlier forecast of a fall to 63.55.
|
| Forex futures may have longer trading
hours to allow traders to align positions with US
markets |
|
Maharashtra : Currency
futures, a paradise for traders, punters and corporates
looking to cover exchange rate risks, could be in for a
greater play in coming days.The regulatory authority has
sought the views of bourses, on which currency futures are
traded, on a possible extension of trading hours,
participation by offshore fund managers and raising or even
freeing up the exposure limit for companies.
|
| BSE SME Exchange lists 50th company;
m-cap over Rs 3,000 crore |
|
Maharashtra : The premier
stock exchange BSE today listed the 50th company on its SME
platform, taking its market capitalisation to over Rs 3,000
crore. The Surat-based SiVi Shipping Corporation today became
the 50th company to be listed on the BSE SME Exchange. The IPO
of SiVi Shipping was over-subscribed by almost two times in
the HNI category.
|
| Banking |
| Govt links increments to staff
performance of public sector banks, unions hold the
key |
|
Maharashtra : The finance
ministry has unshackled public sector banks from decades-old
practice of uniform wage increases for nearly 10 lakh staff
and permitted 26 lenders to provide salary raises based on
performance, two bank chairmen said. But it is the trade
unions that will decide whether the move succeeds. Rajiv
Takru, secretary (financial services), told bank chiefs at a
meeting on Wednesday that they are free to provide increases
provided they have been performing well.
|
| Tenders
& Assignment |
Food Corporation Of India - Punjab
Region  |
|
Description :Appointment of
Firms of Chartered Accountants Constituting Partnership Firm
Or Limited Liability Partnership Firm For Undertaking Internal
Audit & Physical Verification Of Stocks In Fci Punjab
Region.
Last Date : 02/04/2014
Address :Asstt. Genl. Manager
(Audit), Zonal Office (North), A-2A, A-2B, Sec-24, Noida,
Uttar Pradesh- 201301
|
| Reminders |
| Tenders |
| National Rural Health Mission - Dharamsala -
Himachal Pradesh 08/03/2014
|
| Co.operative
Societies 10/03/2014
|
| District Co.operative Central Bank Limited -
Damoh Madhya Pradesh 10/03/2014
|
| Employees Provident Fund Organisation -
Chandigarh Punjab 10/03/2014
|
| West Bengal State Rural Development
Agency 10/03/2014
|
| National Health Mission, U.T.
Chandigarh 11/03/2014
|
| Municipal Corporation - Khandela Sikar
Rajasthan 11/03/2014
|
| Bihar Health & Family Welfare
Department 11/03/2014
|
| Karnataka Rural Road Development
Agency 11/03/2014
|
| Navodaya Vidyalaya Samiti - Hyderabad - Andhra
Pradesh 12/03/2014
|
| Uttarakhand State Council For Science And
Technology 12/03/2014
|
| State Project Facilitation
Unit 12/03/2014
|
| Northern Coalfields
Limited 12/03/2014
|
| Panchayat Samiti - Chittorgarh Rajasthan
13/03/2014
|
| Air Force Station - Agra Uttar
Pradesh 13/03/2014
|
| BIHAR EDUCATION PROJECT
COUNCIL 13/03/2014
|
| Irrigation Department Lucknow - Uttar
Pradesh 14/03/2014
|
| Commissioner Of Income-Tax-5,Government Of
India 14/03/2014
|
| D N P Limited - Dibrugarh -
Assam 14/03/2014
|
| State Health Society -Chandigarh Punjab
14/03/2014
|
| |
| Notifications
& Circulars |
| RBI |
| Notification
No.RBI/2013-14/514 (Delhi) 06/03/2014
|
|
Know Your Customer (KYC) Norms /Anti-Money
Laundering (AML) Standards/ Combating Financing of Terrorism
(CFT)/Obligation of banks under Prevention of Money Laundering
Act (PMLA), 2002 – Recognising e-Aadhaar as an ‘Officially
Valid Document’ under PML Rules – Primary (Urban) Cooperative
Banks (UCBs)
|
| Notification
No.RBI/2013-14/512 (Delhi) 05/03/2014
|
|
Anti-Money Laundering (AML)/Combating of
Financing of Terrorism (CFT) - Standards
|
| Notification
No.RBI/2013-14/513 (Delhi) 05/03/2014
|
|
Ensuring Reasonableness of Bank Charges and
Charges Levied for Sending SMS Alerts by State Cooperative
Banks (StCBs) /District Central Cooperative Banks
(DCCBs)
|
| |
|
 |
| Economy |
| India |
| Diesel prices will still rise by 50 paise,
Election Commission backs decision |
| India misses coal target again, will depend more
on imports |
| India's gems and jewellery imports up by 8% in
January |
| India steps up pressure on Switzerland for
information on black money |
| Steel consumption inches up 0.7% in
Apr-Feb |
| India’s ultra-rich count to double in 10 years:
Report |
| |
| International |
| Yellen vows to go extra mile to boost weak US
economy |
| ECB holds rates, looks to boost flagging
recovery |
| S. Korea, Indonesia Sign US$10 Billion Currency
Swap Deal |
| Abe ignored, Japan’s mega pension fund sticks to
safe assets |
| |
| Markets
Today |
| NSE |
6,413.95
|
|
| BSE |
21,919.79
|
|
| NASDAQ |
4,352.13
|
|
| |
|
|
| USD |
61.04
|
|
| EURO |
84.72
|
|
| JPY(100) |
59.32
|
|
| GBP |
102.28
|
|
|
| |
| Corporate
Watch |
| Bharti Group in talks with Carrefour, Aeon
to form retail joint venture |
|
Delhi : Bharti Group, which runs
India's largest mobile operator by both revenue and
subscribers, is in talks with two global retail chains —
French major Carrefour and Japan's largest retailer Aeon —
with the intention of forming a new joint venture with one of
them, said two people familiar with the negotiations.The new
partner will replace Walmart, the world's largest retail
company, with which Bharti, owned by billionaire Sunil Mittal,
had a strategic partnership till October last year.
|
| TCS to manage some IT services of Thomson
Reuters |
|
Maharashtra : Thomson Reuters has
reached an agreement with Tata Consultancy Services to
outsource a portion of its informationtechnology services as
the global news and information company looks for ways to trim
costs and build efficiencies at a time when its bank clients
in Europe and Asia are cutting back on spending. Thomson
Reuters will shift 400 employees at its back-office in
Bangalore to India's largest softwareservices company,
according to three people close to the transaction.
|
| Genpact to buy back shares worth
$300M |
|
Delhi : Genpact, the country’s
largest BPO, will purchase shares worth up to $300 million
through a modified ‘Dutch auction’ tender offer that it
expects to start from Thursday, the company disclosed.Dutch
auction is a public offering auction structure in which the
price of the offering is set after taking in all bids and
determining the highest price at which the total offering can
be sold.Under the terms of the tender offer, Genpact's
shareholders will have the opportunity to tender some or all
of their shares at a price per share of not less than $16.50
per share and not greater than $18 per share.
|
| |
| Tenders
& Assignment |
| National Horticultural Board |
|
Description :Expression of
interest for Prepare a fresh panel of chartered accountant
firms for verification/evaluation of project documents, all
taxation matters & for all matters pertaining to accounts
& audit on behalf of board & to render other services
that may be required by board from time to time.
Last Date : 15/03/2014
Address :Ministry of Agriculture,
Government of India,Plot No.85, Sector 18, Institutional
Area,
Gurgaon – 122 015 (Haryana)
Phone
:0124-2342992
|
| District Panchayat - Mandla Madhya
Pradesh |
|
Description :Audit work by
chartered accountant firms.
Last Date
: 17/03/2014
Address
:District Panchayat Mandla
Madhya Pradesh
|
| Maharashtra State Co-Operative Marketing
Federation Limited |
Description :Appointment of
Charted accountant firms, Charted account for work of Internal
audit & Movable & immovable stock verification.
Last Date : 18/03/2014
Address :Maharashtra State
Co-Operative Marketing Federation Limited,Kanmoor House.Narsi
natha St.Masjid,Mumbai-400009. Phone
:23752294 E-Mail :managervalbhav@mahamarkfed.org
|
| National Rural Health Mission - Guwahati
Assam |
Description :Selection of
Auditors request for proposal Hiring Services of Chartered
Accountant Firm for Statutory Audit of State health Society
(SHS) and District Health Society (DHS) for the Financial Year
2013-14 under National Health Mission. Last
Date : 18/03/2014
Address:Saikia,Commercial
Complex,G.S.Road, Christianbasti,Guwahati-05
E-Mail :misnrhm.assam@gmail.com
|
| Department Of Rural Development - Gandhinagar
Gujarat |
|
Description :Registered C.A.
firms for Pre-audit work of twenty –six.
Last
Date : 21/03/2014
Address
:Department Of Rural Development,Block 16,3rd
Floor.Dr.Jivraj Mehta Bhavan,Gandhinagar
|
| Indian Statistical Institute _Kolkata West
Bengal |
|
Description :Chartered/cost
accountant firms for physical verification of All fixed assets
(excluding land, books & journals) of ISI located at its
headquarters & outstation locations spread across the
country
Last Date : 21/03/2014
Address :Indian Statistical
Institute,203,BT Road Kolkata-700108
|
| National Rural Health Mission - Port Blair
Andaman And Nicobar |
Description :Hiring Services
of Chartered Accountant Firm For Statutory Audit Of State
Health Society (Shs) & Distinct Health Society (Dhs)-(For
The Financial Year 2013-14) Under National Health Mission
(Nrhm). Last Date : 22/03/2014
Address :Office Of State Health
Society,1st Floor,Ayush Hospital,Atlanta Point port Blair
744104 South Andaman Phone
:03192-234965 E-Mail :nrhm.anislands@gmail.com
|
| Central Electronics Limited - Sahibabad Uttar
Pradesh |
|
Description :Application For
Appointment Of Internal Auditor For FY 2014-15.
Last Date : 25/03/2014
Address :Central Electronics Limited,
Site 4, Industrial Area, Sahibabad – 201010 (U.P.)
|
| Sant Longowal Institute Of Engineering And
Technology |
Description :Expression of
Interest for Chartered Accountants for hiring initially for 2
years as an internal auditor under TEQIP-II project.
Last Date : 26/03/2014
Address :Sant Longowal Institute Of
Engineering And Technology,( SLIET),Longowal-148106
(Distt.Sangrur) Punjab Phone
:1672-253204 E-Mail :teqip2sliet@gmail.com
|
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