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Consumer Price Index (CPI) for Rural, Urban & Combined for July 2019

Aug 13, 2019: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released CPI (Rural, Urban, Combined) on Base 2012=100 for the month of July 2019.

In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for July 2019.

All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., July 2019 over July 2018), based on General Indices and CFPIs are given as follows:

Quick Estm. of Index of Industrial Production (IIP), June 2019 — 130.2

Aug 9, 2019: The Quick Estimates of Index of Industrial Production and Use-based Index for the month of June, 2019 (Base 2011-12=100), (data as released by Central Statistics Office, Ministry of Statistics & Programme Implementation), is reproduced hereunder:—

1. The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of June 2019 stands at 130.2, which is 2.0 percent higher as compared to the level in the month of June 2018. The cumulative growth for the period April-June 2019 over the corresponding period of the previous year stands at 3.6 percent.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2019 stand at 106.6, 130.1 and 173.0 respectively, with the corresponding growth rates of 1.6 percent, 1.2 percent and 8.2 percent as compared to June 2018 (Statement I). The cumulative growth in these three sectors during April-June 2019 over the corresponding period of 2018 has been 3.0 percent, 3.1 percent and 7.2 percent respectively.

Parking of funds in short-term deposits of banks by Mutual Funds, pending deployment

Circular No. SEBI/HO/IMD/DF4/CIR/P/2019/093 dated August 16, 2019 addressed to all Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds, reads as follows:—

Parking of Funds in Short Term Deposits of Scheduled Commercial Banks by Mutual Funds – Pending deployment

1. Kindly refer to Clause 8 of Schedule VII of SEBI (Mutual Funds) Regulations 1996 read with SEBI circular SEBI/IMD/CIR No. 1/91171/07 dated April 16, 2007 pertaining to investment in Short Term Deposits (STDs) of scheduled commercial banks, pending deployment.

Companies (Amendment) Act 2019: certain provisions notified wef 15Aug2019

Ministry of Corporate Affairs (MCA) Notification dated the 14th August, 2019, reads as follows.—

S.O. 2947(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies (Amendment) Act, 2019 (22 of 2019), the Central Government hereby appoints the 15th day of August, 2019 as the date on which the provisions of sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, section 20, section 31, sections 33, 34 and 35 and sections 37 and 38 of the said Act shall come into force.

Wholesale Price Index for July 2019 decline by 0.2% to 121.2 provisional

The official Wholesale Price Index for 'All Commodities' (Base : 2011-12=100) for the month of July, 2019 declined by 0.2% to 121.2 (provisional) from 121.5 (provisional) for the previous month.

(Data hereunder is sourced from the press release dated 14th August, 2019 released by Office of the Economic Adviser (OEA), Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, Govt. of India.)

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 1.08% (provisional) for the month of July, 2019 (over July, 2018) as compared to 2.02% (provisional) for the previous month and 5.27% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.08% compared to a build up rate of 3.1% 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 group is summarized below:-

India’s Foreign Trade: July 2019 — Data / Stats on Exports & Imports

Aug 14, 2019: The data on foreign trade of India for the month of July-2019 as released by the Ministry of Commerce & Industry, Department of Commerce, Economic Division, is presented hereunder.

India’s overall exports (Merchandise and Services combined) in April-July 2019-20* are estimated to be USD 181.47 billion, exhibiting a positive growth of 3.13 per cent over the same period last year.

Overall imports in April-July 2019-20* are estimated to be USD 214.37 billion, exhibiting a negative growth of 0.45 per cent over the same period last year.

Disclosure of reasons for encumbrance by promoter of listed companies

SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019 addressed to, all recognised stock exchanges, reads as follows:—

1. The format for disclosure under Regulation 31(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations) has been prescribed by SEBI vide circular No. CIR/CFD/POLICYCELL/3/2015 dated August 05, 2015.

2. In order to bring greater transparency regarding reasons for encumbrance, particularly when significant shareholding by promoter along with persons acting in concert (PACs) with him is encumbered, it has been decided to prescribe additional disclosure requirements under Regulation 31(1) read with Regulation 28(3) of Takeover Regulations, as follows, -

 i. The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds:

SEBI Circular on investments by AIFs incorporated in IFSC

SEBI Circular No. SEBI/HO/IFSC/CIR/P/2019/91 dated August 09, 2019 addressed to all Stock Exchanges in International Financial Services Centre (IFSC) and all Alternative Investment Funds operating in IFSC, reads as follows:—

Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 - Permissible investments by Alternative Investment Funds operating in IFSC

1. SEBI vide circular SEBI/HO/MRD/DSA/CIR/P/2017/45 dated May 23, 2017 amended Clause 22 (3) of SEBI (International Financial Services Centres) Guidelines, 2015 relating to securities in which Alternative Investment Funds (AIF) operating in IFSC can invest.

Performance of Private Corporate Business Sector during 2018-19: Data

Aug 13, 2019: Today, the Reserve Bank released data on the performance of the private corporate sector during 2018-19 drawn from abridged financial results of 3,151 listed non-government non-financial (NGNF) companies.

Data pertaining to 2017-18 are also presented in the tables to enable comparison.

The data can be accessed at:
DBIE Portal >> Statistics >> Corporate Sector >> Listed Non-Government Non-Financial Companies

[Customs] Exchange Rate Notification w.e.f. 15th August 2019

Central Board of Indirect Taxes and Customs (CBIC) has notified the rate of exchange of one unit of foreign currency equivalent to Indian rupees relating to imported and export goods, in its notification no. 60/2019 - Customs (N.T.) dated 14th August, 2019 (w.e.f. 15th August, 2019).

The contents of the said notification are reproduced as under:—

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.55/2019-CUSTOMS (N.T.), dated 1st August, 2019 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 15th August, 2019, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

[RBI] Data on India’s International Trade in Services for June 2019

Aug 14, 2019: The Reserve Bank releases monthly data on India’s international trade in services with a lag of around 45 days.

The value of exports and imports of services during the month of June 2019 are given in the following Table.

Table: International Trade in Services
(US$ Million)

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