PGC Newsletter dated 2nd January,2015

1. PGC NEWSLETTER 1
PGC
NEWSLETTER
2nd
January, 2015
THOUGHT OF THE DAY
“All our dreams come true, if we have courage to pursue them....”
ECONOMIC NEWS
 The government on Thursday announced that the Planning Commission had
been revamped and rechristened as the NITI (National Institution for
Transforming India) Aayog, with a multi-tiered structure including a
governing council that comprises the chief ministers of all states and
lieutenant governors of union territories.
SEBI/CORPORATE UPDATES
 Vide Notification issued by MCA dated 31.12.2014, The Companies (Cost
Records and Audit) Amendment Rules, 2014 has been issued.
 MCA has issued E- Book providing snapshot of Ministry’s activities and
achievement in recent years and also about major services provided to
stakeholders.
 Notification No. 106/(RE-2013)/2009-2014 dated 1st
January,2015 issued by
Ministry of Commerce & Industry regarding Amendment in import policy
conditions under ITC (HS) 4 digit code 3808.
 Notification No. 105 /(RE-2013) / 2009-2014 dated 1st January,2015 issued
by Ministry of Commerce & Industry regarding Import Policy regime of
Radio Navigation Equipment under ITC (HS) 4 digit code 8526.
 RIL completes Network18 open offers for Rs 17 crore. The promoters might
have to offload some stake to meet the minimum public shareholding norms
of 25 per cent.
RBI / TAX LAW UPDATES
 RBI issued Notification ref No- RBI/2014-15/377 A.P. (DIR Series) Circular
No. 55 dated January 1, 2015 regarding Security for External Commercial
Borrowings
 RBI issued Notification ref RBI/2014-15/375 DGBA.GAD.No.H -
2887/42.01.035/2014 -15 dated January 1, 2015 regarding Implementation of
Cheque Truncation System - Dispensation of the requirement of forwarding
of government cheques in physical form to government.
 The Reserve Bank of India on Thursday clarified that business houses with
assets above Rs 1,000 crore with finance companies will not be eligible to
apply for a small bank license. RBI also extended the deadline to submit
application for small and payment banks to February2, from January 16.
MARKET UPDATES
SENSEX
27,878.97 371.43
CNX NIFTY
8,397.00 113.25
DOLLAR/ RUPEE
63.34 -0.03.
MCX SILVER
36,457.00 284.00
MCX GOLD
26,670.00 -30.00
MCX CRUDE OIL
3,431.00 31.00
Dow Jones Industrial
average
17,823.07 -160.00
Nasdaq Composite
4,736.05 -41.39
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