...A PAPER On “CONVERTIBILITY OF INDIAN RUPEE” By, Sr. No | Name | PRN | 1 | Mr. Sachin Jadhav | 15020448102 | 2 | Mr. Santosh Ghongade | 15020448103 | 3 | Mr. Rajan Batra | 15020448104 | 4 | Mr. Narayan P.S | 15020448105 | 5 | Mr. Sameep Gadkari | 15020448106 | 6 | Mr. Nandkumar | 15020448015 | 7 | Mr. Bhushan Patil | 15020448027 | 8 | Mr.Vikrant Birje | 15020448056 | Guided By, Prof.S.K.Vaze International Financing TABLE OF CONTENTS Sr. No | Topics | Page No. | 1 | Objectives | 3 | 2 | Foreign Exchange-An Overview | 3 | 3 | Convertibility of Indian Rupee-History | 4 | 4 | Convertibility of Currency-Meaning | 4 | 5 | Current Account Convertibility | 5 | 6 | Capital Account Convertibility * Important Provisions under FEMA | 6,7 | 7 | Convertibility of Indian Rupee-Positive Effects | 9 | 8 | Capital Account Convertibility-Negative Effects | 10 | 9 | Key Points and Analysis | 12 | 10 | Conclusion and Recommendations | 14 | 11 | Bibliography | 15 | Objectives: A. To know Foreign exchange mechanism followed in the past and current practices. B. To understand the concept of “Convertibility of Currency” C. To Study journey of convertibility of Indian rupee pre and post Liberalisation and impact on exchange rate. D. Brief study of Indian laws of regulations and prohibitions in context of the currency convertibility...
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...2014 Submitted To : Dr. Pinky Desai Submitted By: Anu Mary Tom-20135009 Arpita Christian-20135011 Lakshman Shastri-20135031 Mahesh Patel-20135033 Mruganda Shah-20135038 Lakshman Shastri-20135031 Macro Economics Assignment-I Question 1: History of Devaluation of Indian Rupee & its Impacts The Indian rupee, which was on par with the American currency at the time of Independence in 1947, has depreciated by a little more than 65 times in the past 66 years. At the time of independence, there were no foreign borrowings on India's balance sheet. After independence, India had chosen to adopt a fixed exchange rate currency regime. The rupee was pegged at 4.79 against a dollar between 1948 and 1966. Two consecutive wars, one with China in 1962 and another one with Pakistan in 1965; resulted in a huge deficit on India's budget, forcing the government to devalue the currency to 7.57 against the dollar. The rupee's link with the British currency was broken in 1971 and it was linked directly to the US dollar. In 1975, value of the Indian rupee was pegged at 8.39 against a dollar. In 1985, it was further devalued to 12 against a dollar. In 1991, India faced a serious balance of payment crisis and was forced to sharply devalue its currency. The country was in the grip of high inflation, low growth rate and the foreign reserves were not even worth to meet three weeks of imports. Under these situations, our currency was devalued to 7.90 against a dollar...
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...Officer earns for his determined and hard job but for a true Soldier Money comes after the Spirit. There was a time when this money was so small that most of the officers use to work in Private firms after a Pre- retirement from Army but now the picture is different. Below is the Pay Scale or Salary of an Indian Army Officer according to their ranks: Lieutenant rank Lieutenant rank is the first rank given for the candidates who have successfully completed the prescribed training of Indian army. Pay band or scale of an officer in the rank of Lieutenant is 15600 - 39100 which lies in the pay band 3. Lieutenant gets grade pay of 5400 rupees per month and Military Service Pay or MSP of six thousand rupees per month. Thus if total allowances and pay included an officer working in Indian Army in the rank of Lieutenant gets salary of around 65000 rupees per month. Captain rank of Indian Army officers Second rank of Indian Army officers is captain rank. After two years of service as commissioned officer, an officer of Indian Army...
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...Conte nts Company Information Notice of Annual General Meeting Directors ’ Report Financial Highlights Statement of Compliance with the Code of Corporate Governance Review Report to the Members on Statement of Compliance with Best Practices of Code of Corporate Governance Nis hat (Chunian) Limited - Financial Statements Auditors’ Report Balance Sheet Profit and Loss Account Statement of Comprehensive Income Cash Flow Statement Statement of Changes in Equity Notes to the Financial Statements Pattern of Shareholding Cons olidated Financial Statements Directors’ Report Auditors’ Report Balance Sheet Profit and Loss Account Statement of Comprehensive Income Cash Flow Statement Statement of Changes in Equity Notes to the Consolidated Financial Statements Proxy Form 66 67 68-69 70 71 72 73 74-111 113 23 24-25 26 27 28 29 30-62 63 4 5 6-16 17-19 20-21 22 JUNE 2013 3 Nishat (Chunian) Limited Company Information Bo a rd o f Dire c to rs : Mr. Shahzad Saleem Ms . Farhat Saleem Mr. Y ahya Saleem Mr. Manzoor Ahmed Mr. Aftab Ahmad Khan Mr. Mus htaq Ahmad (Res igned on July 16, 2013) Mr. Manzar Mus htaq (Res igned on July 16, 2013) Mr. Aftab Ahmad Khan Mr. Shahzad Saleem Mr. Manzar Mus htaq (Res igned on July 16, 2013) Mr. Mus htaq Ahmad (Res igned on July 16, 2013) Mr. Shahzad Saleem Mr. Manzar Mus htaq (Res igned on July 16, 2013) Mr. Umar Shahzad Mr. Saqib Riaz Allied Bank Limited As kari Bank Limited Al Barka Bank (Pakis tan) Limited Bank Alfalah Limited Barclays Bank plc...
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...4. | Navy Blue colour paint | 1Ltr. | 345.00 | 345.00 | 5. | Stay wire 14mm | 1Kg | 95.00 | 95.00 | 6. | Pully kappi brass | 2 Nos. | 365.00 | 730.00 | 7. | Painting brush 2” | 1 Nos. | 195.00 | 195.00 | 8. | Flat brush No.12 | 1 No. | 80.00 | 80.00 | 9. | Turpentine oil | 2 ltr. | 95.00 | 190.00 | | | | Total(i) | 2,720.00 | The Puducherry Khadi and Village Industries Board, Kamaraj Salai, Puducherry | 10. | National Flag Size : 6‘ x 4’ | 4 Nos. | 1,675.00 | 6,700.00 | 11. | National Flag Size: 4’ x3½’ | 3 Nos. | 1,345.00 | 4,035.00 | Total(ii) | 10,735.00 | Grand Total (i) +(ii) | 13,455.00 | (Rupees thirteen thousand four hundred and fifty five only) | 279. If approved, we may purchase the above said items from the above firms for Rs.13,455/- (Rupees thirteen thousand four hundred and fifty five only) and meet the...
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...designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Rs. only) (Rupees only) Amount Head of Account By whom tendered Important Bank details must be filled by the candidate Signature Treasury Officer/ Bank Officer With Stamp C 02101 – Organs of State – Exam Fee Realized by FPSC Date Bank’s Name Bank’s Code District of Bank Branch Name of Candidate 5 CNIC No. By whom tendered Secretary, Federal Public Service Commission, Islamabad Case No. F.4Examination Fee for the post of //20 -R Name (or designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Signature Treasury Officer/ Bank Officer With Stamp only) Date Signature Treasury Officer/ Bank Officer With Stamp Date Signature Treasury Officer/ Bank Officer With Stamp (in words) Rupees only) (in words) Rupees only) For Bank use only Received payment Rs. /Rs. For Bank use only Received payment Rs. /Rs. (Rupees Bank’s Name Bank’s Code District of Bank Branch Name of Candidate By whom tendered CNIC No. Secretary, Federal Public Service Commission, Islamabad Case No. F.4Examination Fee for the post of /20 -R Name (or designation) & address of the person on whose behalf money is paid Full particulars of the remittance and of authority (if any) Rs. (Rupees only) C 02101 – Organs of State – Exam Fee Realized by FPSC Amount Head of Account Bank’s Name Bank’s Code District of Bank Branch Name of Candidate...
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...[Year] [AMENDMENTS VIDE FINANCE ACT, 2010 ON “DIRECT TAX” ] [Amendments vide Finance Act,2010 are applicable for June 2011 and December 2011 terms of Examination] AMENDMENTS vide FINANCE ACT, 2010 on “DIRECT TAX” Tax Rates Rates of Income - Tax for Assessment Year 2011-12 1.1 (A) For woman, resident in India and below the age of 65 years at any time during the previous. Upto Rs. 1,90,000 Rs. 1,90,001 to Rs. 5,00,000 Rs. 5,00,001 to Rs. 8,00,000 Above Rs. 8,00,000 Nil 10% 20% 30% 1.1 (B) For an individual (man or woman), resident in India who is of the age of 65 years or more at any time during the previous year. Upto Rs. 2,40,000 Rs. 2,40,001 to Rs. 5,00,000 Rs. 5,00,001 to Rs. 8,00,000 Above Rs. 8,00,000 Upto Rs. 1,60,000 Rs. 1,60,001 to Rs. 5,00,000 Rs. 5,00,001 to Rs. 8,00,000 Above Rs. 8,00,000 Surcharge: NIL Education Cess (EC): Education Cess at the rate of 2% on income-tax shall be levied. Secondary and Higher Education Cess (SHEC): “Secondary and Higher Cess (SHEC) on income-tax: at the rate of 1% of income-tax in all cases shall be levied. Nil 10% 20% 30% Nil 10% 20% 30% 1.1 (C) Individuals, [other than those mentioned in para 1.1(A) and (B) above] HUF, AOP/BOI (other than co-operative societies, whether incorporated or not) Directorate of Studies, The Institute of Cost & Works Accountants of India Page 2 AMENDMENTS vide FINANCE ACT, 2010 on “DIRECT TAX” 2. Other Assessees: Assessee Rate of Tax 30% Education SHEC Surcharge Cess 2% on income 1%...
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...Fauji Fertilizer Bin Qasim Limited Financial Analysis Report Period coverage: 1st January 2012 to 31st December 2012 Prepared and Presented by: Dr. Babur Zahiruddin Raza, Corporate Office Consultant in Human Resources & Master Trainer in H.R Applications Research Consultant Mr. J. S Khan IT Consultant Mr. Raheel Rustam Ph: 051-5584905, 5792836 Cell: 0332 – 4923235 Email: baburzahiruddin@yahoo.com, TABLE OF CONTENTS SR no | Description | Page no | 1 | Financial analysis approach ----------------------------------------------- | 3 | 2 | Analytical review --------------------------------------------------------- | 4 | 3 | Key discussion points for AGM ---------------------------------------- | 8 | | | | | | | | | | | | | | | | 1. FINANCIAL ANALYSIS APPROACH I have adopted following approach to perform holistic and integrated financial analysis of Fauji Fertilizer Bin Qasim Limited-FFBL Environmental analysis Industry analysis Operational review of FFBL Financial analysis The under mentioned documents are essential to perform comprehensive analysis of financial position, performance and cash position. 1. Business plan-Year 2013 to 2015 2. Approved budget-Year 2013 to 2015 3. Annual report of Year 2012 4. Audited financial statements-Year 2012 5. Internal audit charter / Terms of reference for internal audit 6. Internal audit reports 7. Audit engagement letters 8...
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...security bill approved is directed towards giving the right to food to around 67 per cent of India’s 120-crore population. The amendments to the Bill will guarantee 5 kg of foodgrains per person per month, while families in the poorest of the poor will continue to get 35 kg of grains per month. As per the bill around 800 crore people will be entitled to get five kilos of subsidised grain per month. Rice will be made available at 3 Rupees per kilo; wheat will cost 2 rupees a kilo and cereal will be sold for 1 Rupees per kilo. The beneficiaries are supposed to be decided by state governments, while the criteria to exclude 33 per cent of population would be provided by the Planning Commission, Thomas said. The scheme will be linked to the Aadhar scheme which provides every citizen with a unique identification number that’s linked to a database that includes the biometrics of all card-holders. It is also evident from the present year budget, that 90000 crore Rupees is allocated for spending on food subsidies with the government setting aside an extra 10000 crore Rupees for the bill. In earlier versions, the Food Security Bill assigned subsidised grains on the basis of priority and general groups, which were demarcated on the basis of poverty levels. The Cabinet gave its nod to the 71 amendments proposed by the Food Ministry, including the one that said the 2.43 crore Antyodaya Anna Yojna beneficiary households will continue to get their quota of 35 kg grains a month under the public distribution...
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...Project FINANCIAL RATIO ANALYSIS Company Sitara chemicals industries limited Subject Financial statement analysis Group BBA5th Group members M. Zia Ul Haq 105 M. Basharat 125 Hafiz Usman 113 M. Awais 116 Umar Ali 135 Submitted to Mam Omera Zaffar Banking & Finance GC University Faisalabad Sitara chemicals industries limited Introduction Sitara chemicals industries limited was incorporated in 1981 and began producing caustic soda in 1985, initially at a rate of 30 metric tones Caustic a day. The plant’s capacity was gradually increased over years to current level of 45 metric tones a day. In addition, various by-product facilities have been added and expanded from time to time to cope with growing demand. Company entered into Textile Spinning Business in 1995. Its specialty chemicals and export division was established in 2001 and agri chemicals division in 2003. VISION Strive to develop and employ innovative technological solutions to add value to business with progressive and proactive approach. MISSION Continuing growth and diversification for bottom line results with risks well contained. CODE OF ETHICS AND BUSINESS PRACTICES We believe in stimulating and challenging team...
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...DRAFT PROJECT PROPOSAL TEMPLATE SECTION I I. BACKGROUND OF PROJECT AND OTHER BASIC INFORMATION a) Title of the Project b) Does the project fall under an existing Mission Mode Project (MMP)? If yes state which? c) Is the project: i) A Pilot or ii) A Roll out of the project subsequent to Pilot phase (give details of pilot in previous experience section) iii) Roll out Project without Pilot phase d) Project Initiator details i) Department/ Ministry initiating the project (Centre/State) ii) Background of the department/ ministry iii) Name and Job Title of the key contact person (person responsible for initiation) iv) Contact details: □ Address : □ Fax : □ Landline : □ Mobile : □ Email : e) Implementing Agency details i) Name of the Implementing Agency ii) Date of Establishment (if applicable) iii) Name and Job Title of the key contact person (person responsible for implementation) iv) Contact details : □ Address : □ Fax : □ Landline : □ Mobile : □ Email : f) Location of project implementation SECTION II II. PROJECT OVERVIEW OR SUMMARY Provide a project snapshot covering the following aspects: a) Identification of all stakeholders b) Introduce the problem/issue the project is designed to address c) Explain...
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...THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 No.15 of 1992 [4th April, 1992.] An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Forty-third Year of the Republic of India as follows: ? ? ? ? ? ? ? ? ? ? CHAPTER I (Preliminary) CHAPTER II (Establishment Of The Securities And Exchange Board Of India) CHAPTER III (Transfer Of Assets, Liabilities, etc., Of The Existing Securities And Exchange Board To The Board) CHAPTER IV (Powers And Functions Of The Board) CHAPTER V (Registration Certificate) CHAPTER VA (Prohibition Of Manipulative And Deceptive Devices, Insider Trading And Substantial Acquisition Of Securities Or Control) CHAPTER VI (Finance, Accounts And Audit) CHAPTER VIA (Penalties and Adjudication) CHAPTER VIB (Establishment, Jurisdiction, Authority and Procedure of Appellate Tribunal CHAPTER VII (Miscellaneous) CHAPTER I PRELIMINARY Short title, extent & commencement. 1. (1) This Act may be called the Securities and Exchange Board of India Act, 1992. (2) It extends to the whole of India. (3) It shall be deemed to have come into force on the 30th day of January, 1992. Definitions. 2. (1) In this Act, unless the context otherwise requires, (a) "Board" means the Securities and Exchange Board of India established under section 3; (b) "Chairman"...
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...Deferred tax asset Other assets LIABILITIES 194,325 1,977,449 11,746,459 50,000 393,435 14,361,668 1,262,058 143,022 347,041 9,009,895 50,000 356,395 9,906,353 Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Liabilities against assets subject to finance lease Deferred tax liability Other liabilities 13 14 15 16 17 18,878,652 192,108,597 1,141,164,975 4,857,485 38,221,804 1,395,231,513 122,608,652 13,894,502 33,714,904 875,308,597 4,497,285 34,983,770 962,399,058 101,454,590 5 6 7 8 9 10 11 12 152,324,425 23,907,534 24,828,255 777,185,323 460,070,634 21,185,101 5,743,464 52,595,429 1,517,840,165 103,080,076 34,985,809 41,581,029 399,939,469 416,261,389 17,107,263 6,957,290 43,941,323 1,063,853,648 Note 2012 2011 (Rupees in '000) 1,044,311 NET ASSETS REPRESENTED BY: 124,784 374,036 639,514 1,138,334 123,724 1,262,058 Shareholders' equity 113,440 Share capital 310,898 Reserves 537,610 Unappropriated profit 961,948 82,363 Surplus on revaluation of assets - net of deferred tax 1,044,311 CONTINGENCIES AND COMMITMENTS 18 12,122,748 36,337,497 62,128,562 110,588,807 11,020,680 30,203,696 52,228,646 93,453,022 8,001,568 101,454,590 19 12,019,845 122,608,652 20 & 21 The annexed notes 1 to 49 and annexures I to V form an integral part of these unconsolidated financial statements. President and Chief Executive Officer Director Director Director HABIB BANK LIMITED UNCONSOLIDATED PROFIT AND...
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...THE INDIAN SUCCESSION ACT, 1925 ACT No. 39 OF 1925 1* [30th September, 1925.] An Act to consolidate the law applicable to intestate and testamentary succession 2*; WHEREAS it is expedient to consolidate the law applicable to intestate and testamentary succession 2*; It is hereby enacted as follows:-PART I PRELIMINARY 1. Short title..-This Act may be called the Indian Succession Act, 1925. 2. Definitions.- In this Act, unless there is anything repugnant in the subject or context,-(a) "administrator" means a person appointed by competent authority to administer the estate of a deceased person when there is no executor; (b) "codicil" means an instrument made in relation to a will, and explaining, altering or adding to its dispositions, and shall be deemed to form part of the will; 3* [(bb) "District Judge" means the Judge of a principal Civil Court of original jurisdiction;] (c) "executor" means a person to whom the execution of the last will of a deceased person is, by the testator's appointment, confided; 4* [(cc) "India" means the territory of India excluding the State of Jammu and Kashmir;] (d) "Indian Christian" means a native of India who is, or in good faith claims to be, of unmixed Asiatic descent and who professes any form of the Christian religion; (e) "minor" means any person subject to the Indian Majority Act, 1875 (9 of 1875.), who has not attained his majority within the meaning of that Act, and any other person who has not completed the age of eighteen years; and...
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...Capacity Mfg. Service Total Mfg. Service Total Mfg. Service Total Mfg. Service Total 1 Micro 2676 677 3353 19717 25344 45061 17375.9 6193.5 23569 90646 25388 116034 2 Small 1075 81 1156 10614 915 11529 20692.2 1009.5 21702 61331 3933 65262 3 Medium 1 0 1 19 0 19 600 0 600 65000 0 65000 Total 3752 758 4510 30350 26259 56609 38668.1 7203 45871 216977 29321 246298 4 Large scale 45 0 45 23023 0 23023 611923 0 611923 0 0 0 Source: MSME, division, Mumbai The industries of the district could categories in between four types, i.e. Micro, Small, Medium and Large scale. In that in Micro category there are 2676 manufacturing enterprises, 677 enterprises are in service sector, together both are generating 45061 employments and has 23569 investments in rupees/ lakh value. It has 116034 production capacities together. The Small category of enterprises having 1075 manufacturing and 81 service units, which provides 11529 employment, and has 21702 investment in Rs. Lakh. Value, the total production capacity of this category is 65262. In the medium size enterprises manufacturing sector has only one establishment and there is no any service providing unit. It has provided employment to 19 people and amount invested in this enterprise is 600 Rs/ lakh. The production capacity of this unit is 65000. At last there are 45 large scale manufacturing units, which provide 23023 employments and have 611923 Rs. Lakh investments, the production capacity is unknown. The above information reveals that, the district...
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