Newsletter 10th November,2014

1. PGC NEWSLETTER 1
PGC NEWSLETTER 10th November, 2014
THOUGHT OF THE DAY “Education is the key to unlock the golden door of freedom.” ECONOMIC NEWS
 Overseas investors have pumped in close to Rs 5,200 crore in capital markets in first week of the month on positive global cues coupled with government’s reforms agenda.
 Jaitley plans to act on GST, land acquisition and insurance bill. FM had proposed an allocation of Rs 7,060 crore for FY15 for developing 100 'smart cities' in the country
SEBI/CORPORATE UPDATES
 Chartered accountants’ apex body ICAI has started proceedings against a former Reebok India official for his alleged involvement in the Rs 870 crore scam at the sportswear maker that came to light in 2012.
 Finance minister Arun Jaitley said on Sunday that Stringent Land Acquisition law to be amended even without Opposition’s support
 The Supreme Court has convicted K S Raju, Promoter Director of Hyderabad-based Nagarjuna Finance Limited (NFL), for contempt of court for not refunding the money to its investors as directed by the Company Law board.
 Hinting that amendments to the Goods and Services Tax (GST) may be introduced in the ensuing Winter session of Parliament, Finance Minister Arun Jaitley today said that the government was in the final stages of talks with states on the issue.
RBI / TAX LAW UPDATES
 CBDT on 06-11-2014 released revised Form 3CA-3CD& Form 3CB-CD filling utility alongwith updated Schema. Revised Utility is now available for e-filling.
 J&K dealers can file returns of second quarter without enclosing requisite docs if their books were lost in flood.
 J&K Govt. grants period of one year to VAT dealers for filing of annual returns of year 2013-14
HISTORICAL EVENT
 On 10th November, 1982, Vietnam Veterans Memorial opened.
MARKET UPDATES SENSEX
27,845.63-23.00 CNX NIFTY
8,328.05-8.95 DOLLAR/ RUPEE
61.46-0.18. MCX SILVER 35,045.00249.00 MCX GOLD 25,971.0039.00 MCX CRUDE OIL 4,863.002.00 Dow Jones Industrial average 17,573.9319.46 Nasdaq Composite 4,632.53-5.94
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