Companies (Registered Valuers & Valuation) 4th Amendment Rules 2018

Ministry of Corporate Affairs (MCA) Notification dated the 13th November, 2018 (published in the Official Gazette on 13th November 2018):-

G.S.R.1108(E).— In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017, namely:-

1. (1) These rules may be called the Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018.

 (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Registered Valuers and Valuation) Rules, 2017 (hereinafter referred to as “the said rules”), in rule 1,-

Food Safety & Standards (Recognition & Notification of Laboratories) Reg. 2018

Ministry of Health and Family Welfare (Food Safety and Standards Authority of India) Notification dated 8th November 2018

F. No. 11/202/LAB REC/QA/FSSAI/2016.—Whereas the draft of the Food Safety and Standards (Recognition and Notification of Laboratories) Regulations, 2017 were published as required by section 92 of the Food Safety and Standards Act, 2006 (34 of 2006), vide notification of the Food Safety and Standards Authority of India number F.No. 11/202/LAB REC/QA/FSSAI/2016, dated 27th December, 2017, in the Gazette of India, Extraordinary, Part III, Section 4, inviting objections and suggestions from the persons likely to be affected thereby, before the expiry of the period of thirty days from the date on which the copies of the Official Gazette containing the said notification were made available to the public;

[SEBI] Guidelines for Enhanced Disclosures by Credit Rating Agencies (CRAs)

SEBI Circular No. SEBI/ HO/ MIRSD/ DOS3/ CIR/ P/ 2018/ 140 dated 13th November 2018, reads as follows:

SEBI has constantly endeavoured to enhance the quality of disclosures made by the CRAs. In pursuance of the same, the following disclosures are being prescribed to bring about greater transparency:

1. Disclosures in the Press Release regarding Rating Actions:

A. SEBI, vide Circular dated November 01, 2016, had prescribed the standard format for press release regarding rating action by CRAs. While CRAs are required to monitor and analyse the relevant factors that affect the creditworthiness of an issuer and discuss the same in the rating notes considered by the rating committee for assignment of ratings, such relevant factors may also be suitably incorporated in the press release regarding the rating action.

Quick Estimates of Index of Industrial Production for Sep 2018 stands at 128.6

Nov 12, 2018: The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2018 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.

1. The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2018 stands at 128.6, which is 4.5 percent higher as compared to the level in the month of September 2017. The cumulative growth for the period April-September 2018 over the corresponding period of the previous year stands at 5.1 percent.

Consumer Price Index (CPI) for Rural, Urban & Combined - October 2018

Nov 12, 2018: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

2. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of October 2018. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for October 2018. All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., October 2018 over October 2017), based on General Indices and CFPIs are given as follows:

All India Inflation rates (%) based on CPI (General) and CFPI

India's Index of Eight Core Industries (Base: 2011-12=100) September, 2018

The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.2 in September, 2018, which was 4.3 per cent higher as compared to the index of September, 2017. Its cumulative growth during April to September, 2018-19 was 5.5 per cent.

Index Numbers of Wholesale Price (WPI) in India - Review for Sept. 2018

The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of September, 2018 rose by 0.7 percent to 120.8 (provisional) from 120.0 (provisional) for the previous month. (As released by the Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi)

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 5.13% (provisional) for the month of September, 2018 (over September, 2017) as compared to 4.53% (provisional) for the previous month and 3.14% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.87% compared to a build up rate of 1.50% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-