Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: articles on VAT and GST in India
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

RBI hikes oil PSU ceiling of open mkt ops to Rs 1,500 cr
June, 12th 2008

On a review of the recently announced operations of Special Market Operations (SMOs) exclusively for public sector oil Companies to meet the unprecedented escalation in international crude oil prices, Reserve Bank of India has decided to enhance the overall ceiling of open market operations to Rs 1,500 crore on any single day.

The RBI had decided on May 30, to put in place a SMOs for the smooth functioning of state owned oil Companies as well as financial Markets.

Oil CompaniesIOC, BPCL and HPCL were together selling oil bonds upto Rs 1,000 crore a day to RBI and were getting foreign exchange for importing crude oil. However, IOC being the country's largest importer of crude oil had represented to RBI that it needs more forex to carry out its crude oil import transactions.

The central bank's move to increase the limit to Rs 1500 crore a day will help all three oil Companies meet their daily requirement of foreign exchange. We have already sold oil bonds worth $800 million since the first RBI notification. Currently, the avilability of oil bonds for sale to RBI is only till June end. We require more oil bonds to liquidate with RBI for getting sufficient forex for our crude oil import requirements, director (finance), IOC, SV Narasimhan told FE.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions