PGC NEWSLETTER27th March 2014 1
PGC
NEWSLETTER
27th March 2014
THOUGHT OF THE DAY
““Rise and rise again until lambs become...
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PGC NEWSLETTER 27th,March,2014

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PGC NEWSLETTER 27th,March,2014

  1. 1. PGC NEWSLETTER27th March 2014 1 PGC NEWSLETTER 27th March 2014 THOUGHT OF THE DAY ““Rise and rise again until lambs become lions” ” ECONOMICS NEWS • A fall in the high current account deficit limited vulnerability to global financial market volatility, but elevated inflation still posed risks, said rating agency Moodys. • The US-based CME Group, one of the world’s largest futures and options exchanges; Deutsche Borse, operator of Frankfurt Stock Exchange; R-ADA Group; BSE; and Kotak have lined up to purchase Financial Technologies’ (India) (FTIL) stake in commodity bourse MCX. CORPORATE LAW UPDATES • MCA stopped payment through NEFT, Pay Later & Challan till 31st March, 2014. • MCA has issued the notifications dated 26 March 2014 containing the list of Sections of Companies Act, 2013 which will going to be in force from 01 April 2014. RBI / TAX LAW UPDATE • RBI: With a view to providing greater convenience to tax payers, it has been decided that all designated branches of agency banks and RBI Offices conducting government business will keep their counters open for extended hours on Saturday, March 29, and Monday, March 31, 2014 till 8.00 p.m. • IT : Where assessee had submitted revised return within prescribed period of limitation as provided under section 139(5) claiming credit/refund of TDS, which was not made in original return, assessee was entitled to credit of TDS. MARKET UPDATES SENSEX 22,192.74 97.44 CNX NIFTY 6,633.70 32.30 DOLLAR/ RUPEE 60.19 0.04 MCX SILVER 42885.00 -0.37 MCX GOLD 28,424.0 -147.0 MCX CRUDE OIL 6063.00 0.38 Dow Jones Industrial Average 16,268.99 -98.89 Nasdaq Composite 4173.58 -60.69

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