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RBI allows pvt banks to conduct govt business  |
Business Standard |
February 01, 2012 |
Mumbai: The Reserve Bank of India (RBI) has decided to allow all private sector banks to undertake Central and State Government business, where RBI pays agency commission, at par with public sector banks. According to the regulator, this move is aimed to enhance the quality of customer service in Government business. |
| PM to open sustainable development meet on Feb 1 |
The Hindu Business Line |
January 30, 2012 |
New Delhi: In an effort to flag the policy changes required to save resources such as oceans, atmosphere etc from climate change, The Energy and Resources Institute (TERI) is hosting the Summit on 'Protecting the Global Commons: 20 years post Rio', which will be inaugurated by Dr Manmohan Singh, Prime Minister of India, on February 1, 2012. |
| Sebi eases preferential allotment norms |
Business Standard |
January 29, 2012 |
Mumbai: The Securities and Exchange Board of India (Sebi) has lifted restrictions on broad-based institutions subscribing to preferential issues of companies. "It has been decided to exempt insurance companies and mutual funds, which are broad-based investment vehicles representing public at large, from regulations related to sale and lock-in of their pre-preferential shareholding in issuer companies," as per a Sebi release. |
| Tax information exchange pact signed with Macau |
The Hindu Business Line |
January 27, 2012 |
New Delhi: India will soon be able to get banking information from Macau for tax administration purposes. A tax information exchange agreement to this effect was recently signed with Macau, a special administrative region of China, according to a senior official, Ministry of Finance. |
| India signs multilateral pact for tax co-operation |
The Hindu Business Line |
January 27, 2012 |
New Delhi: India has signed an international agreement—Multilateral Convention on Mutual Administrative Assistance in Tax Matters—that could help it to combat tax avoidance and evasion. The convention covers all taxes (direct and indirect), all forms of exchange of information and provides for assistance in tax assessment and actual collection. |
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