PGC NEWSLETTER2nd April 2014 1
2nd April 2014
THOUGHT OF THE DAY
“Quality means Doing Right When No One is
The Reserve Bank will propose measures to reduce
window dressing by banks, which tends to add to
yearend liquidity pressures in the system.
Corporate India believes that the country's economy
could resurge to grow 6.5% this year if a strong reform-
minded government comes to power after the upcoming
CORPORATE LAW UPDATES
SEBI issued Circular No. CIR/IMD/FIIC/6/2014,
regarding commencement of Foreign Portfolio Investor
SEBI issued Circular No. CIR/CFD/DIL/1/2014,regarding
Format for Auditors’ Certificate required under Clause
24(i) of the Equity Listing Agreement.
RBI / TAX LAW UPDATES
The Election Commission on Tuesday allowed the
Reserve Bank of India (RBI) to issue new bank licences.
The EC said the central bank might take "necessary
action as deemed appropriate as permissible under
provisions of the Reserve Bank of India Act, 1934, the
Banking Regulation Act, 1949, and/or any other relevant
The Reserve Bank of India (RBI) has revised its pricing
pricing guidelines for Foreign Direct Investment (FDI),
suggesting the valuation norms will now be on the basis
of market price.
MCX CRUDE OIL
Dow Jones Industrial