SEBI issues Concept Paper on Regulation of Investment Advisors

SEBI issues Concept Paper on Regulation of Investment Advisors Posted: 25 Oct 2011 07:50 PM PDT The proposed regulatory framework intends to regulate the activity of providing investment advisory services in various forms by a wide range of entities including independent financial advisors, banks, distributors, fund managers etc. The... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 'In-person' verification (IPV) of clients by subsidiaries of stock exchanges, acting as stock brokers Posted: 25 Oct 2011 07:40 PM PDT It is clarified that the subsidiaries of stock exchanges, acting as stock brokers, may rely upon the 'in-person' verification done by their sub-brokers (who are also registered with SEBI as stock brokers of the parent stock exchange) for their... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 1% interest rebate on home loans upto Rs. 15 Lakhs provided cost of house not exceed Rs. 25 Lakh Posted: 25 Oct 2011 06:52 PM PDT The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs. 15 lakh where cost of the house does not exceeding Rs. 25 lakh from the present limit of Rs. 10 lakh... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Second Quarter Review of Monetary Policy for 2011-12 Press Statement by Dr. D. Subbarao, Governor Posted: 24 Oct 2011 11:42 PM PDT At the outset, on behalf of the Reserve Bank of India, I want to welcome all of you to this Second Quarter Review of Monetary Policy for 2011-12. 2. Earlier this morning, we put out the monetary policy measures accompanying this Review. Based on an... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Second Quarter Review of Monetary Policy 2011-12 Posted: 24 Oct 2011 11:32 PM PDT From a macroeconomic perspective, the last quarter witnessed significant developments, both globally and domestically. Growth momentum in the US and the euro area economies has weakened. In the euro area, macroeconomic prospects are intimately tied... [[ This is a content summary only. Visit www.taxguru.in for full article ]] NCM to take up with parliamentary committee proposal to tax donations in Direct Tax Code Bill Posted: 24 Oct 2011 10:35 PM PDT The National Minority Commission today voiced concern on a proposal in the Direct Tax Code Bill to tax donations for institutions and organisations run by a particular religion or community and is planning to take up the issue with a parliamentary... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Request for Proposal (RFP) Appointment of reputed Chartered Accountant firms For Providing Internal Audit Services to PNB Housing Finance Ltd. Posted: 24 Oct 2011 10:19 PM PDT RFP terms and conditions 1. Project Objective The Company wishes to appoint a competent internal audit firm to frame a Risk based Internal Audit Model & perform internal audit services for the Company in a co-sourcing model. The objective of the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Empanelment with RailTel Corporation of India Ltd. for Appointment of Internal Auditors Posted: 24 Oct 2011 10:12 PM PDT RailTel Corporation of India Ltd invites offers for Appointment of Internal Auditors for its Corporate Office at Delhi and its branch offices at Mumbai, Kolkata, Hyderabad and Delhi from firms of Chartered Accountants empanelled with Comptroller and... [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI deregulated savings bank deposit interest rate with immediate effect Posted: 24 Oct 2011 10:08 PM PDT In its Monetary Policy declared on 25.10.2011 RBI has deregulated interest rates on Savings bank accounts. Currently, banks pay interest rate of 4% on the savings bank accounts. Post this deregulation, the interest rates on Savings bank accounts... [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI increases Repo, Reverse Repo and Marginal Standing Facility Rates by 25 bps under Liquidity Adjustment Facility Posted: 24 Oct 2011 09:59 PM PDT As announced today by the Governor in the Second Quarter Review of the Monetary Policy 2011-12, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.25 per cent to 8.50 per cent with... [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI increases repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 8.50 per cent Posted: 24 Oct 2011 09:56 PM PDT Please refer to the Second Quarter Review of Monetary Policy 2011-12 on October 25, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 8.25 per cent to 8.50 per cent with... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Monetary Policy Announcements would help in getting us back to a more Comfortable Inflation Situation soon – FM Posted: 24 Oct 2011 09:52 PM PDT The Union Finance Minister Shri Pranab Mukherjee has said that the today's monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth to... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Implementation of bar coding on tertiary packing of consignments of pharmaceuticals and drugs for export with effect from 01.10.2011 Posted: 24 Oct 2011 09:30 PM PDT Policy Circular No. 43 (RE-2010)/2009-14 As per Public Notice No. 59 (RE-2010)/2009-14 dated 30.06.2011, incorporation of barcodes (1 D) encoding unique product identification code (GTIN), Batch Number, Expiry Date and Unique Serial Number of the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICAI – Empanelment as a Technical Reviewer with the Quality Review Board Posted: 24 Oct 2011 09:30 PM PDT Announcement for Empanelment as a Technical Reviewer with the Quality Review Board The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Memorandum of Instructions governing money changing activities- Location of Forex Counters in International Airports in India Posted: 24 Oct 2011 09:28 PM PDT A.P. (DIR Series) Circular No. 38, Foreign Exchange Counters in the arrival halls in international airports in India shall ideally be established after the Customs Desk (Green Channel/Red Channel). However, Foreign Exchange Counters may also be... [[ This is a content summary only. Visit www.taxguru.in for full article ]]