The newsletter provides an economic, regulatory and market summary for October 30th, 2014. It notes that the Indian government is considering revising investment caps for small and medium businesses and that Moody's maintained a negative outlook on India's banking system due to high corporate debt. It also summarizes new regulations from SEBI, RBI, and tax law updates. Market indices are reported to be down except for the dollar/rupee exchange rate.

1. PGC NEWSLETTER 1
PGC NEWSLETTER 30th October, 2014
THOUGHT OF THE DAY “Pleasure in the job puts perfection in the work.” ECONOMIC NEWS
 The Narendra Modi Government is actively considering revising the investment caps for micro, small and medium enterprises (MSMEs).
 Moody’s Investors Service on Wednesday said its outlook on India’s banking system was negative, reflecting its view that high leverage in the corporate sector could prevent any meaningful recovery in asset quality over the next 12-18 months.
 CBI to investigate four Sebi officials in Saradha scam. The investigative agency plans to file a second chargesheet, naming more perpetrators in the Saradha scam.
SEBI/CORPORATE UPDATES
 SEBI notifies new ESOP regulations
 ONLY 1 DAY LEFT FOR ANNUAL FILING (i.e. 30 OCT). THOSE WHO HAVE NOT FILED, PLEASE FILE EARLY TO AVOID LAST MINUTE RUSH, LATE FEE AND PROSECUTION.
 Centre relaxes norms for FDI in construction. The move will boost affordable housing projects and smart cities across the country.
RBI / TAX LAW UPDATES
 Vide notification no. RBI/2014-15/280 UBD.BPD. (PCB). Cir No.24/13.05.000/2014-15 dated October 29, 2014, RBI allows Urban Co-operative Banks to act as PAN Service Agents (PSA)
 Fourth Bi-monthly Monetary Policy for 2014-15 Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks vide reference RBI/2014-15/279 UBD.BPD.(SCB). Cir.No.1/16.27.000/2014-15 dated October 29, 2014
 Vide ref RBI/2014-2015/278 RPCD.RCB.BC.No.37/07.51.012/2014-15 dated October 29, 2014 Risk weights for calculation of CRAR issued to All State / Central Cooperative Banks (StCBs/CCBs) by RBI.
MARKET UPDATES SENSEX
27,229.83131.66 CNX NIFTY
8,130.4540.00 DOLLAR/ RUPEE
61.430.08 MCX SILVER 38,050.00-223.00 MCX GOLD 26,793.00-286.00 MCX CRUDE OIL 5,053.00-30.00 Dow Jones Industrial average 18,974.31-31.44 Nasdaq Composite 4,549.23-15.07
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