Now Foreign Investors can invest in Unlisted Corporate Debt Securities

As announced in the Union Budget 2016-17, it has now been decided to expand the investment basket of eligible instruments for investment by FPIs under the corporate bond route to include the following:

(i) Unlisted corporate debt securities in the form of non-convertible debentures/bonds issued by public or private companies subject to minimum residual maturity of three years and end use-restriction on direct foreign investment in india real estate business, capital market and purchase of land. The expression ‘Real Estate Business’ shall have the same meaning as assigned to it in Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 Notification No.FEMA.362/2016-RB dated February 15, 2016. The custodian banks of FPIs shall ensure compliance with this condition.

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Demonetisation RBI's own figures indicate return of 15 lakh crore of banned notes.

Despite the Reserve Bank of India dismissing reports that suggested 97 per cent of the demonetised currency had returned to the bank's coffers by December 30, its own weekly figures on "currency in circulation" indicate that this number is correct. 

These figures, in fact, suggest that only Rs 54,000 crore of the notes banned on November 8 last year failed to make it back in chartered accountant firms in mumbai 

More worryingly, this figure has been arrived at on the assumption that no new notes were issued after December 19 -- a near impossibility. This could well open up the intriguing possibility that more banned notes may have returned than were said to be in circulation. 

December 19 was the last time the RBI gave any information on how much of the demonetised currency was back. Even the tally on new notes circulated are not available. 

On Friday (January 13), in its weekly  .. 

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Traders Promised Registration in One Day

Even as the contours of the GST remain fluid, the Delhi government has eased the procedure for grant of registration to fresh applications to encourage more traders to contribute towards its kitty of ValueAdded Tax (VAT).

Guidelines eased:

In circular issued on Friday, The department of trade and taxes said that applicant dealers would be granted company registration in india within a day of applying through a mobile platform, even as it eased guidelines around the provision of bank details for the purpose. The provision of providing bank account details at the time of applying for registration under the DVAT and CST act has been made optional which will encourage more traders to register.

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Easier for Outsiders to Get Liquor Than Locals in Gujarat.

Ahead of Christmas and New Year’s Eve, the police sent out warnings to people about getting caught while drinking alcohol. A billboard campaign was launched, with Mahatma Gandhi as its icon, to dissuade them from drinking. One of the slogans quoted Gandhi as having said, “Addiction to alcohol is worse than stealing.”
In neighbourhoods like Bopal in New West Ahmedabad, policemen met secretaries of residential societies to warn them about the crackdown that would “not even spare privacy of homes”, say residents. By New Year’s Eve, teams of a dozen policemen, some with PCR vans, were deployed at crossroads on Sarkhej-Gandhinagar highway leading towards Bopal.

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Maharashtra chief Minister's appeal to NRIs: 'Come and make state your home'

The state government on Sunday invited non-resident Indians living abroad to explore new investment opportunities in Maharashtra. Highlighting various business and work opportunities in the sate, Chief Minister Devendra Fadnavis made an appeal to NRIs, “Come and make state your home.” At the Pravasi Bharatiya Divas session in Bengaluru, the chief minister said those living abroad have reposed their trust in state, which he said was the land of opportunities with world class infrastructure and progressive outlook.

“Out of the total foreign direct investments that have come to India, 50 per cent has been bagged by Maharashtra,” he said, adding, “The pace of development in every sector has peaked with plenty of opportunities.”

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Sushma swaraj pulls up pune man for requesting wife's transfer on Twitter

Minister of External Affairs Sushma Swaraj pulled up a Pune-based man on Sunday for requesting his wife’s transfer from Jhansi railways to his hometown. Swaraj said had the couple been working under her ministry, they would have been fired for making such a request on a social networking platform. “If you or your wife were from my Ministry and such a request for transfer was made on twitter, I would have sent a suspension order by now,” tweeted Swaraj.

The man’s request was apparently prompted by a request by a US man seeking Swaraj’s help with his wife’s passport issues.  The US citizen had on Sunday posted a tweet saying,”@SushmaSwaraj @governorswaraj hello madam please help my wife get passport cleared. I am forced to live without her in US Passport issues.” Swaraj responded saying, “Ohh ! This banwas should end soon.”

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Tax Refund to Exporters GST within Seven Days.

The department of revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern of the sector, Commerce and industry minister Nirmala sitharaman said today.

The minister also said that exporters would get interest on the refund if it is delayed beyond two weeks.

Exporters have been demanding an into  exemption from payment of taxes under the goods and service tax consultant in India (GST) regime arguing that delay in refunds often takes months and also results in blocking the working capital. They also stated that exports need to be encouraged in view of the global slowdown. The minister recently raised the issues of exporters in the GST council meeting.  The concern of the exporters was that the refund should not take too long, She told reporters after chairing the meeting of the council for trade development and promotion here today.

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Top reasons to hire professional for the Legal paperwork of your business

Starting your own business could be troublesome and might not be success all the time in payroll management services. If the foundation are not relayed properly. We have enumerated the top legal documents that need to be acquired before you launch your first startup we will discussing the top five reasons why you should consider the help of a professional for handling your legal business documents.
There are some legal documentation payroll services providers as well as small business legal documentation services on the internet that you can choose from depending on your budget. Money is involved here. So you definitely want to make each penny count. Be sure not to fall to fall to the lure of cheap priced legal documentation services that may end up being fake and will be the main reason for your downfall.

Check out the reviews and opinions of other customers before putting your money on someone. Since these legal documents are a pre requisite to the success of your start up. Here are top five reasons why you should hire a professional for the legal paperwork of your business.

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Demonetisation to help revive Affordable Housing Segment

Demonetisation will help revive the latent demand in the housing sector as people now hope to buy houses in transparent deals, said Sriram Kalyanaraman, managing director & CEO, National Housing Bank. In an exclusive chat with ET’s Saikat Das, Kalyanaraman said some segments of the housing sector will especially benefit from it as prices may correct 15-20% with adequate supplies. Edited excerpts…
Will demonetisation drive demand in the housing sector in direct foreign investment in India?
Housing finance is a long term requirement, and the demonetisation exercise will have a long term impact as it will benefit both consumers and the industry. Most of the housing finance players have put in place systems for e-payments and e-receipts in chartered accountant firms in mumbai. Demonetisation will further improve the use of e-transactions and reduce cash dealings. It will result in greater transparency in property contracts, which will also bring in greater professionalism in the industry. As a result, the latent demand, particularly in the affordable segment is expected to revive, thereby increasing sales.

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Huge challenges for CAs after GST implementation.

Chartered accountants in India will have huge opportunities and challenges when the goods and services Tax(GST) is implemented.

Addressing the ICAI international Conference Jnana Yagna here, the urban development minister said chartered accountants should play a vital role addressing issues such as curbing black money.

Introduction of  GST (goods and services tax), which is round the corner (Goods and services tax), which is round the corner is one of the pioneering and game changing transformative initiatives taking shape In our country GST introduction is a huge challenge and opportunity for the chartered accountants and you need to get ready for enabling this change in a smooth and seamless manner. Venkaiah added. 

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