Newsletter dated 20th January, 2016

1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“If life becomes hard, soften it with random acts of
kindness.”
Law Updates:
 SEBI has released FAQs on SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
 Justice Easwar Pannel suggested several taxpayers-friendly
measures to improve the ease of doing business, reduce litigation
and accelerate the resolution to tax disputes.
 On Department’s appeal, Tribunal cannot go beyond points arising
out of review order of Committee: CESTAT.
 MCA vide press release dated 18th
January, 2016 after consultations
with Reserve Bank of India (RBI), Insurance Regulatory and
Development Authority(IRDA) and Pension Fund Regulatory and
Development Authority (PFRDA), drawn roadmap for
implementation of Indian Accounting Standards (Ind AS)
converged with International Financial Reporting Standards (IFRS)
for Scheduled commercial banks (excluding RRBs),
insurers/insurance companies and Non-Banking Financial
Companies (NBFC’s).
 Shri Devender Kumar Sikri has been appointed as Chairman of
Competition Commission of India replacing Shri Ashok Chawla.
PROFESSIONALS INPUTS:
 CBEC vide Notification No. 5/2016-Customs dated 19th
January,
2016 seeks to make further amendment to the Notification
No.21/2012-Customs dated 17.03.2012.
 CBEC vide Notification No. 4/2016-Customs dated 19th
January,
2016 seeks to make further amendments to the Notification
No.12/2012-Customs dated 17.03.2012.
MARKET WATCH:
SENSEX: 24479.84 291.47 NIFTY: 7435.10 84.10
SILVER: 34459.00 363.00 GOLD (MCX): 26062.00 -3.00
USD/INR: 67.65 -0.04 CRUDE OIL: 2050.00 -3.00
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Date: 20th
January, 2016

2. www.csrajivbajaj.com
Subhash Chandra
Chairman of Zee Media, Essel Group
“Ultimately, failure is the condiment that gives success its
true flavour”
Subhash Chandra (born 30 November 1950) also known as
Subhash Chandra Goel is an Indian media mogul, businessman,
television personality, motivational speaker and philanthropist.
He is chairman of India's largest TV channel network Zee
Media, Essel Group and is an Indian conglomerate.
Early life
Chandra halted his own education after completing his standard twelve. But, Chandra is an ‘educated’ man in
the real sense of the word – he understands his responsibility towards his fellow human beings and he acts upon
his responsibility, which is quite necessary. He never let his lack of education come in the way of his dreams
and he reached for the stars even when the night was at its darkest.
In 1970, Dr. Subhash Chandra began business as a commodity (rice), his family business, in Hissar, Haryana. In
1992, he launched Zee Television, in collaboration with Li Ka Shing and later he started first leisure park Essel
world, first on line lottery, first Dish TV, first flexi packing (Essel Propack) in India.
Business
His channel Zee TV competes with, among others, Sony Entertainment Television and STAR Plus. His TV
channels, numbering up to 70, including those in local language Hindi reach 959 millions people spread over
169 countries. He launched India's first satellite TV channel, Zee TV, in 1992. Other interests include
packaging, theme parks, lotteries and cinema multiplexes. He started the failed Indian Cricket League, a
domestic Twenty20 cricket league intended as a challenge to the Board of Control for Cricket in India, the
nation's governing body in Cricket. In November 2009, he took over management responsibility of Daily News
& Analysis (DNA), which features among the top 8 English dailies in India and is one of fastest growing
English newspapers in the country.
Daily newspaper
In 2005, in collaboration with Dainik Bhaskar group, Dr. Subhash Chadra launched an English daily, DNA, in
Mumbai to challenge the well settled The Times of India newspaper and the competition was one of the biggest
newspaper battles of Mumbai and sustaining earlier losses, the newspaper eventually turned around.
Chandra is the founder-Chairman of the Global Foundation for Civilizational Harmony, an interfaith group. He
has donated land for Global Vipassana Pagoda at Borivili and contributed to the spread of this meditation
method.
Awards & accolades
 Conferred with Emmy award in 2011.
 Occupies the seventeenth rank in the Forbes’ list of billionaire