Current Affairs - March, 2014
The Japanese court release of the World’s longest serving death row inmate, Mr. Iwao Hakamada (78), as the evidences used against him were probably made up. About Mr. Iwao Hakamada Nationality: Japanese. Japanese former professional boxer. Sentenced to death on September 11, 1968 for a mass murder (known as the Hakamada Incident). Convicted of killing ..
President Pranab Mukherjee cleared the re-promulgation of the SEBI Ordinance that provides powers for SEBI Chairman to authorize Investigating Authority or any other officer of the regulator to conduct search and seizure under the SEBI Act and crack down on Ponzi schemes. SEBI ordinance – Securities Laws (Amendment) Bill 2013 Purpose: To arm the regulator ..
India’s foreign exchange reserves continued their rally for the fourth straight week, increased by $1.35 billion to 298.64 billion dollar on a surge in currency assets even though the reserve position with the IMF slid heavily. As per the data released by Reserve Bank of India( RBI) Gold reserves remained unchanged at $ 20.978 billion. ..
As per the quarterly report of Ministry of Finance (MoF), India’s external debt was at $ 426 billion – including the government’s debt of $ 76.4 billion in December 2013. The total external debt of $ 426 billion showed an increase of $ 21.1 billion over the March-end level. Reasons for increase of India’s external ..
In a bid to bring more credibility among tax payers and to streamline income tax procedures, the Union Government has set up a Tax Administration Reform Commission (TARC) comprising officials from public and private sector agencies. About Tax Administration Reform Commission (TARC) Chairman: Dr. Parthasarathi Shome. Focus: On the rules and features and structural reforms ..
The market regulator, Securities and Exchange Board of India (SEBI) extended the time-frame for implementing new Foreign Portfolio Investor (FPI) regulations by three months to June 30, 2014. About new FPI regulations SEBI has divided FPIs into three categories as per their risk profile and the KYC (Know Your Client) requirements. The new FPI regime ..