Newsletter dated 19th February,2015

1. PGC NEWSLETTER 1
PGC
NEWSLETTER
19th
February,2015
THOUGHT OF THE DAY
“Discipline is the bridge between goals and accomplishment… ”
ECONOMIC UPDATES
 The Indian Railways has generated Rs. 86009.27 crore of revenue earnings
from commodity-wise freight traffic during April 2014-January 2015,
registering an increase of 12.43 per cent.
 The 5th India- Myanmar Joint Trade Committee (JTC) meeting held in Nay
Pyi Taw on 17th February, 2015 to find ways and means to enhance the
bilateral trade and investment ties.
 Extension of Last date for on-line submission of application form for
Empanelment with O/o C&AG to 25th February, 2015
SEBI/CORPORATE UPDATES
 Tata Consultancy Services (TCS), India's largest information technology
services provider, announced that it had partnered Startupbootcamp FinTech
and hopes to raise interaction with start-up ecosystem.
 Members are not permitted to use any other designation alongwith the
designation Chartered Accountant – ICAI.
 Market regulator SEBI has slapped a total fine of Rs 18 lakh on eight
companies for failing to obtain registration with its online complaint system
as well as not resolving pending investor grievances within the required
timeline.
RBI/TAX LAW UPDATES
 Vide RBI Notification ref RBI/2014-15/474 A.P. (DIR Series) Circular No.79
dated February 18, 2015, RBI has issued Guidelines on Import of Gold by
Nominated Banks / Agencies.
 Vide RBI Notification ref RBI/2014-15/473 DCBR.BPD (PCB)
Cir.No.5/14.01.062/2014-15 dated February 18, 2015 Jain Community is also
included under Section 2(c) of the National Commission of Minorities (NCM)
Act, 1992 for providing Credit facilities to Minority Communities.
 Govt. of India issued Frequently Asked Questions on Digital Locker System
launched by Govt. of India dated February19, 2015.
 Notification No. 05/2015-Customs (ADD) dated February 18, 2015
designated authority seeks to levy definitive anti-dumping duty on imports of
acetone, originating in or exported from Korea RP, for a period of five years.
MARKET UPDATES
SENSEX
29,253.63 -66.63
CNX NIFTY
8,834.20 -34.90
DOLLAR/ RUPEE
62.19 -0.16.
MCX SILVER
38,832.00 554.00
MCX GOLD
26,385.00 248.00
MCX CRUDE OIL
3,214.00 -99.00
Dow Jones Industrial
average
18,029.85 -17.73
Nasdaq Composite
4,906.36 7.10
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