The document provides economic, regulatory, and market updates from India. Key points include: - The Maharashtra government will abolish the Local Body Tax for traders with under 50 crore turnover by August 1st in 25 municipal corporations. - SEBI modified various forms like Form 20B, Form 23AC effective August 1st. SEBI also issued FAQs on delisting guidelines. - The CBDT notified new ITR forms 3, 4, 5, 6 and 7 which will be effective from April 1st 2015. RBI will issue ₹10 coins commemorating International Yoga Day bearing the Rupee symbol and value. - RBI reviewed provision of factoring services by banks

1. THOUGHT OF THE DAY
“Make every goal clear, specific, measurable, and time
bounded…”
ECONOMIC UPDATES
 Maharashtra government informed the Legislative Council that the
controversial Local Body Tax (LBT) would be abolished by August 1 for
traders with a turnover of less than Rs 50 crore in 25 municipal
corporations.
 The government is working on internal processes to ratify WTO's trade
facilitation agreement (TFA), which looks to ease Customs procedures to
boost trade, a senior commerce ministry official said.
SEBI/CORPORATE UPDATES
 Version of Forms Form 20B, Form 23AC, Form 21A, Form 23ACA, Form
66, Form 23ACA (XBRL), Form 4 LLP, Form FC-4, Form 23B, Form FC-1,
are modified w.e.f 1st Aug 2015. You are requested to plan accordingly.
 SEBI issued FAQs on SEBI (Delisting of Securities) Guidelines, 2003.
RBI/TAX LAW UPDATES
 Vide CBDT NOTIFICATION NO. 61/2015 dated July 29, 2015 CBDT
notified New ITR forms 3, 4, 5, 6 and 7 which shall be deemed to have
come into force with effect from the 1st day of April, 2015.
 Vide RBI Press Release : 2015-2016/265 dated July 30, 2015 notified that
The Reserve Bank of India will shortly put into circulation ₹ 10 coins to
commemorate the International Day of Yoga which the Government of
India has minted. It also bears the Rupee symbol "₹" and denominational
value "10" in the international numerals.
 Vide Notification RBI/2015-16/139 DCBR.CO.LS (PCB) Cir.No.2/ 07.01.
000/2015-16 dated July 30, 2015 notified that UCBs will now be permitted
to offer services that can be offered via a standardized ATM machine like
bill payments, account transfers etc. at their on-site / off-site / mobile
ATMs.
 Vide Notification RBI/2015-16/140 DBR.No.FSD.BC.32/24.01.007/2015-
16 dated July 30, 2015 reviewed provision of Factoring Services by Banks.
MARKET UPDATES
SENSEX
28,114.56 409.21
CNX NIFTY
8,532.85 111.05
DOLLAR/ RUPEE
64.13 0.09
MCX SILVER
33,040.00 20.00
MCX GOLD
24,878.00 160.00
MCX CRUDE OIL
3,045.00 -87.00
Dow Jones Industrial
average
17,689.86 -56.12
Nasdaq Composite
5,128.28 -0.50
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