Pgc news letter 1 st aug, 2014

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Pgc news letter 1 st aug, 2014

  1. 1. PGC NEWSLETTER 1st Aug 2014 PGC NEWSLETTER 1st Aug 2014 THOUGHT OF THE DAY “POSITIVE ATTITUDE, FAITH, VISION, DESIRE, GOALS, ALL THIS IS EXTREMELY IMPORTANT, BUT NOTHING HAPPENS WITHOUT ACTION." ECONOMY UPDATES · Finance bill 2014 Final was presented by Finance Minister Arun Jaitley on 10th July 2014. The bill got approval of Lok Sabha on 25th July 2014 with some amendments. Now Rajya Sabha has cleared the Finance Bill 2014 on 31st July 2014 · World Trade Organization (WTO) failed to reach a consensus on the Trade Facilitation Agreement (TFA), aimed at easing customs rules globally, as India stood firm on its stand of having a parallel pact on food stockpiling and agriculture subsidies. SEBI/COMPANIES UPDATES · NTPC, the largest thermal power producer in the country, registered a decline of 13 per cent in profit, owing to new tariff regulation. · Maruti Suzuki India, the country’s largest car maker, reported a 20.7 per cent increase in net profit at Rs 762 crore for the financial year’s first quarter ended June. · Tata Motors Ltd will launch a passenger car this month, its first new offering in four years, in a bid to regain market share and plug losses in its domestic business, which was also hard hit by the slowing economy. RBI/TAX LAW UPDATES · RBI/2014-15/155 UBD. BPD (AD). Cir.No.1/14.01.062/2014-15, Anti-Money Laundering AML)/Combating of Financing of Terrorism (CFT) – Standards – Primary (Urban) Co- operative Banks. · Having regard to the huge number of Income tax returns being filled at the last movement, Income tax Department should extend the Due Date for filing of income tax to August 5, 2014. Historical Events on 1st August · 1996 - M2, MTV's second TV channel is launched MARKET UPDATES SENSEX 25,766.85 -128.12 CNX NIFTY 7,677.20 - 44.10 DOLLAR/ RUPEE 60.82 - 0.26 MCX SILVER 44,370.0 - 0.07 MCX GOLD 27,815.0 - 3.00 MCX CRUDE OIL 5,987.0 - 0.32 Dow Jones Industrial Average 16,563.0 -317 Nasdaq Composite 4,370.0 - 93 WWW.PROGLOBALCORP.COM

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