1. THOUGHT OF THE DAY
"Earn your leadership every day."
ECONOMIC UPDATES
 NDMC on Wednesday signed an MoU with Indus Towers Limited for the
project to convert the entire area under its jurisdiction into a free Wi-Fi
zone which plan to invest about Rs 220 crore over three years to equip
3,000 street light poles with 2G/3G/4G technologies.
 Religare Global Asset Management, part of Religare Enterprises is
working on a plan to build a portfolio of socially relevant assets can be
listed under a Real Estate Investment Trust.
SEBI/CORPORATE UPDATES
 SEBI is planning to change IPO rules that will make it easier for
homegrown startups to list their shares on local bourses and helping
domestic investors.
 SEBI is organizing its International Research Conference - II on March
20, 2015 in Mumbai. The theme of the Conference is “Real Estate
Investment Trusts (REITs)". ( PR No. 64/2015 dated March 18, 2015)
 The Department of Economic Affairs officers of the level of directors and
below will not have access of Internet on their office computers.
RBI/TAX LAW UPDATES
 Vide Notification RBI/2014-15/504 A.P (DIR Series) Circular No.85
dated March 18, 2015 notified to All Banks Authorised to deal in Foreign
Exchange to discontinue the submission of Stat 5 and Stat 8 Returns from
March 2015 and moving the NRD-CSR reporting to XBRL platform.
 Permanent Account Number (PAN) is now mandatory for private firms
for getting service tax registration besides email and mobile number.
 Notification No.31/2015 - Customs (N.T.) notified Serial No. 9 Norwegian
Kroner (for Imported Goods 7.65 and for Export Goods 7.45) rate of
exchange of one unit of foreign currency equivalent to Indian rupees.
 Vide NOTIFICATION NO. 24/2015 the Central Government directs the
Agreement and Protocol between the Government of the Republic of
India and the Government of the Republic of Croatia for the avoidance of
double taxation shall be given effect from the first day of April, 2016.
MARKET UPDATES
SENSEX
28,851.22 229.10
CNX NIFTY
8,746.30 53.45
DOLLAR/ RUPEE
62.43 -0.27
MCX SILVER
35,950.00 638.00
MCX GOLD
25,915.00 278.00
MCX CRUDE OIL
2,890.00 66.00
Dow Jones Industrial
average
18,076.19 227.11
Nasdaq Composite
4,982.83 45.30
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