newsletter cs rajiv bajaj 29th may,2015

2
www.csrajivbajaj.com THOUGHT OF THE DAY “Vital to every operation is cooperation.…” Law Updates: Income Tax (IT) department faced the ire of a trial court on Thursday for withholding information on foreign bank accounts of those persons against whom it has filed complaints. The court also imposed a fine of Rs 10,000 on the IT department and directed it to deposit the fine amount in the Prime Minister's Relief Fund. Delhi High Court has refused to stay a government notification which brings into force from June 1 the levy of 14 per cent service tax on manufacture of alcohol on contractual basis. The Punjab Government has introduced a new entry tax law by the name The Punjab Development of Trade, Commerce and Industries Ordinance, 2015. This ordinance is promuglated w.e.f 05.05.2015. Vide this ordinance the Punjab Government has got power to levy entry tax on any items with a new beginning as earlier entry tax Act. Clamping down on Alchemist Infra Realty for defying its orders to refund investors, SEBI directed prosecution proceedings against the company and its directors as well as attachment of their properties to recover the money. PROFESSIONALS INPUTS Major Initiatives and Achievements of the Ministry of Corporate Affairs in the Last One Year (Ref- Press Information Bureau, Ministry of Corporate Affairs dated 28-May-2015) RBI releases draft guidelines on net stable funding ratio. NSFR is defined as the amount of available stable funding (ASF) relative to the amount of required stable funding (RSF)( Press Release: 2014- 2015/2522 dated May 28, 2015) The Reserve Bank of India (RBI) clarified that banks should encourage the hedging of commodity price risk by large agricultural borrowers because of volatile commodity prices. It is a move to promote commodity derivatives market with involvement of banks, as now it will be regulated by SEBI. (RBI/2014-15/612 DBR.No.BP.BC.96 /21.04.157/2014-15 dated May 28, 2015) Vide Notification No PFRFA/12/RGL/139/7 dated 27.04.2015, Pension Fund Authority notifies norms for operational conduct and governance of Central record keeping agency. MARKET WATCH: SENSEX: 27811.51 304.80 NIFTY: 8409.30 90.30 SILVER: 38356.00 60.00 GOLD (MCX): 26846.00 -15.00 USD/INR: 63.76 -0.05 CRUDE OIL: 3727.00 59.00 CS Rajiv Bajaj 9811453353 [email protected] youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 29 th May, 2015

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Page 1: Newsletter  cs rajiv bajaj 29th may,2015

www.csrajivbajaj.com

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THOUGHT OF THE DAY

“Vital to every operation is cooperation.…”

Law Updates:

Income Tax (IT) department faced the ire of a trial court on Thursday for withholding information on foreign bank accounts of those persons against whom it has filed complaints. The court also imposed a fine of Rs 10,000 on the IT department and directed it to deposit the fine amount in the Prime Minister's Relief Fund.

Delhi High Court has refused to stay a government notification which brings into force from June 1 the levy of 14 per cent service tax on manufacture of alcohol on contractual basis.

The Punjab Government has introduced a new entry tax law by the name The Punjab Development of Trade, Commerce and Industries Ordinance, 2015. This ordinance is promuglated w.e.f 05.05.2015. Vide this ordinance the Punjab Government has got power to levy entry tax on any items with a new beginning as earlier entry tax Act.

Clamping down on Alchemist Infra Realty for defying its orders to refund investors, SEBI directed prosecution proceedings against the company and its directors as well as attachment of their properties to recover the money.

PROFESSIONALS INPUTS

Major Initiatives and Achievements of the Ministry of Corporate Affairs in the Last One Year (Ref- Press Information Bureau, Ministry of Corporate Affairs dated 28-May-2015)

RBI releases draft guidelines on net stable funding ratio. NSFR is defined as the amount of available stable funding (ASF) relative to the amount of required stable funding (RSF)( Press Release: 2014-2015/2522 dated May 28, 2015)

The Reserve Bank of India (RBI) clarified that banks should encourage the hedging of commodity price risk by large agricultural borrowers because of volatile commodity prices. It is a move to promote commodity derivatives market with involvement of banks, as now it will be regulated by SEBI. (RBI/2014-15/612 DBR.No.BP.BC.96 /21.04.157/2014-15 dated May 28, 2015)

Vide Notification No PFRFA/12/RGL/139/7 dated 27.04.2015, Pension Fund Authority notifies norms for operational conduct and governance of Central record keeping agency.

MARKET WATCH:

SENSEX: 27811.51 304.80 NIFTY: 8409.30 90.30

SILVER: 38356.00 60.00 GOLD (MCX): 26846.00 -15.00

USD/INR: 63.76 -0.05 CRUDE OIL: 3727.00 59.00

CS Rajiv Bajaj

9811453353

[email protected]

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 29thMay, 2015

Page 2: Newsletter  cs rajiv bajaj 29th may,2015

www.csrajivbajaj.com

ARNAB GOSWAMI, News Anchor and Editor in Chief of Times Now

“Arnab Goswami, a famous name in the field of News. Arnab is the Editor-in-chief and news anchor for Times Now news channel since

2006....”

EARLY LIFE:

Born on 9th October 1973 (age 41) Guwahati, Assam, India and belongs to the family of Lawyers and Judges but he himself is a graduate in Sociology from Hindu College, Delhi and he did his Masters in Social Anthropology and he was a visiting fellow at the International Studies Department at Cambridge University, in 2000.

CAREER PROFILE:

Arnab Goswami, a famous name in the field of News, especially for the English Speaking audiences. Arnab Goswami is a brand of aggressive journalism, determined to bring out the truth about everything which has an effect on the lives of common public. Arnab started his TV news career in 1995 with NDTV 24x7, where he hosted daily newscast and reporting for “News Tonight”, a program telecasted on DD Metro. Later on, he became a part of NDTV core team as a news editor, during the time when NDTV transformed itself from program producer to 24 hour mode News Channel. He has hosted “Newshour” the longest running news analysis show for any channel from 1998 to 2003. He also hosted Newsnight, one of the top rated news analysis shows of the channel, for which he won Best News Anchor of Asia 2004 in the 2004 Asian Television Awards. Arnab is the Editor-in-chief and news anchor for Times Now news channel since 2006. His show “Frankly speaking with Arnab” is one of the most famous shows broadcasted on the news channels. In this program, he has interviewed many eminent personalities such as former UK Prime Minister Gordon Brown, Afghanistan President Hamid karzai, Sachin Tendulkar, Sonia Gandhi and the latest being Rahul Gandhi. In this show he has interviewed personalities from corporate world, politics, sports and movies.

ACHIEVEMENTS AND CONTRIBUTION SO FAR: His Achievements includes the hosting of 26/11 Mumbai terror attacks for 65 hours, live anchoring for 26 hours for October 2008 Trust vote, interviewing 200 politicians and analysts, and coverage of 11 July 2006 Mumbai train bombings. He has received numerous awards for his journalism work, the latest being ENBA Awards for News Television Editor-in-Chief of of the year 2012, earlier he got Ramnath Goenka Award for Excellence in Journalism(TV) by the Indian Express Group 2010 and many others; Assamese of the Year Award by News Live in 2010; Indian News Broadcasting Awards(INBA Award) for Innovative Editor-in-Chief in 2008; Society Young Achievers Award for excellence in the field of Media in 2007 and many more. Arnab started his TV news career in 1995 and in 2006 he became the Editor-in-Chief of Times Now Channel. His career graph clearly states that if you are determined to achieve something, nothing is impossible, you just need to work hard. Happy watching him, observing him and becoming think alike him for the country every night at 9 pm!!