Foreign investment restriction: firms and proprietary concerns engaged in print media are excluded from permitted investment.
The Reserve Bank of India amended the Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000, inserting a proviso requiring that a firm or proprietary concern receiving foreign investment not be engaged in print media, and providing that the amendment takes effect from its publication in the Official Gazette under powers granted by the Foreign Exchange Management Act.

Double taxation avoidance treaty: India-Ireland treaty provisions applied to determine taxation rights on residents' cross-border income.
The Central Government directs that the Convention between India and Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion shall be given effect in India. It applies to residents of one or both Contracting States and to taxes on income and capital gains, prescribes definitions of residence and terms, and allocates taxing rights by income type. Business profits are taxable in the residence State unless attributable to a permanent establishment in the other State, with rules for profit attribution, allowable deductions and specified withholding limits for dividends, interest, royalties and fees for technical services.

Appointment of SEBI Chairman: Central Government appoints Shri G N Bajpai to lead SEBI from assumption of office.
By notification under Section 4 of the SEBI Act and rule 3 of the SEBI Terms and Conditions Rules, the Central Government appoints Shri G. N. Bajpai, then Chairman of LIC, as Chairman of SEBI for a fixed term of three years from the date he assumes charge or until further orders.

Approval under section 36(1)(viii) recognition for tax purposes granted to company, subject to statutory compliance.
Approval for tax-deduction recognition under section 36(1)(viii) was granted to Gruh Finance Limited by central government notification for the assessment year, subject to the condition that the company shall conform to and comply with the provisions of section 36(1)(viii) of the Income-tax Act, 1961.

Anti-dumping duty on ferro silicon imposed, equalling the difference between reference price and landed value, effective retroactively.
Anti-dumping duty is imposed on ferro silicon imports from Ukraine equal to the difference between a specified reference price and the landed value per metric tonne; the duty applies to all exporters/producers, is payable in Indian currency and is levied with retrospective effect from the date provisional duty was imposed. "Landed value" is the assessable value under the Customs Act excluding certain tariff duties, and the exchange rate for computation is the notified rate applicable on the bill of entry date.

Anti-dumping duty on D(-) Para Hydroxy Phenyl Glycine Base imposed; duty calculated as difference between specified amount and landed value.
Anti-dumping duty is imposed on imported D(-) Para Hydroxy Phenyl Glycine Base from the People's Republic of China and Singapore; duty is calculated per kilogramme as the difference between a prescribed amount and the landed value, payable in Indian currency, applied to specified exporters and others, effective for the period stated in the notification, with landed value as assessable value under the Customs Act (excluding certain customs duties) and the exchange rate as notified for the bill of entry date.

Export quota release for onions allows specified state trading enterprises to export allocated quantities under prior conditions by set deadline.
A one lakh metric tonne export quota for onions (excluding Bangalore Rose and Krishnapuram varieties) is allocated among eight named state trading enterprises and agencies with specified quantities; these STEs may export directly or through registered exporters under the same terms and conditions as the earlier notification except for the time provision, and the released quantity must be exported by a specified deadline.

Export restriction on low silica chromite ore: exports must be effected through the designated state trading enterprise channel.
Amendment to ITC(HS) adds Item Code 2610(d) for low silica friable/fine chromite ore with specified chromium oxide and silica composition, and requires that exports of this designated chromite ore be effected through State Trading Enterprises, namely via the designated state trading export channel.

Tax exemption under clause 23C(iv) recognised; institution notified subject to conditions on income application, investments, business, and dissolution.
The institution is notified for tax-exempt status under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying its income wholly to charitable objects, restricting investments to permitted modes (except certain voluntary contributions), excluding business income unless incidental and separately accounted, regular filing of income-tax returns, and transferring surplus and assets on dissolution to a like charitable organization.

Tax exemption recognition conditional on exclusive application of income, permitted investments, return filing and dissolution transfer rules.
Central Government recognition under clause (23C)(iv) of section 10 is granted to the Institute for Financial Management and Research for assessment years 1999-2000 to 2001-2002, conditional on exclusive application of income to its objects, adherence to permitted investment modes, exclusion of non incidental business receipts unless separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a charitable organization with similar objectives.

Tax exemption under clause 23C(v) notified, subject to application, investment, business accounting, filing and dissolution conditions.
The Central Government notifies the Society of the Franciscan Servants of Mary under clause (23C)(v) of section 10 of the Income tax Act, 1961, granting the clause's benefit for specified assessment years subject to conditions: exclusive application of income to charitable objects; restricted modes of investment per section 11(5) except specified movable contributions; exclusion of business income unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus assets on dissolution to a like charitable organisation.

Industrial area classification expanded: Assam notification adds specified estates and detailed patta/dag locality listings.
The Central Government, under powers conferred by the Central Excise Act and related additional duties statutes, amends Notification No.32/99 CE by inserting new Annexure entries under "I. ASSAM": a (DA) list of named Industrial Estates with patta/dag and mouza/police station details; additions to (EA) Industrial Areas with precise land identifiers; and a new classified Industrial Area section listing numerous localities with detailed patta/dag and mauza references.

Anti-dumping duty imposed on specified flexible slabstock polyol imports, calculated as difference between set amount and landed value.
Anti-dumping duty is imposed on imports of Flexible Slabstock Polyol (molecular weight 3000-4000) from the United States, Japan, the European Union and Singapore. The duty is calculated as the difference between the fixed amount specified for each origin and the landed value per metric tonne, is payable in Indian currency, and is effective until the terminal date stated. "Landed value" means the assessable value under the Customs Act (excluding specified customs duties); the rate of exchange for calculation is the Government-published rate applicable on the bill of entry presentation date.

Tax exemption recognition requires exclusive application of income, restricted investments, separate business accounting and regular tax returns.
The Central Government notifies Sri Ramanasramam under clause (23C)(v) of section 10 for specified assessment years subject to conditions: apply income wholly and exclusively to its objects; restrict investments to forms specified in Section 11(5) except certain maintained voluntary contributions; treat business profits as excluded unless incidental and recorded in separate books; regularly file returns; and, on dissolution, transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption notified for a charitable organisation under the Income-tax Act, conditional on application of income and compliance.
The Central Government notifies The Bharat Scouts and Guides, New Delhi under clause (23C)(iv) of section 10 for assessment years 1995-96 to 1997-98, subject to conditions: income must be applied or accumulated wholly and exclusively for established objects; investments confined to modes permitted by the Act (excluding certain voluntary contributions held as jewellery or furniture); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets must be transferred to a charitable organisation with similar objectives.

Tax exemption recognition grants nonprofit institute income-tax notification subject to conditions on application of income, investments, returns, and dissolution.
Notification grants tax-exempt status under clause (23C)(v) of section 10 to The Institute of the Franciscan Missionaries of Mary, Tamil Nadu for the specified assessment years, subject to conditions that income be applied wholly to charitable objects, investments be limited to forms permitted under section 11(5), business income be incidental and separately accounted for, returns be regularly filed, and surplus assets on dissolution be transferred to a similar charitable organization.

Tax exemption under section 10(23C)(iv) granted to Sri Aurobindo Samity subject to specified application and compliance conditions.
Notification grants tax exemption under clause (23C)(iv) of section 10 to Sri Aurobindo Samity, Kolkata for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by the statutory investment provisions (with voluntary contributions in jewellery or furniture excepted); exclude business income unless incidental with separate books; regularly file returns; and transfer surplus assets on dissolution to a charitable organization with similar objectives.

Tax exemption recognition for a charitable corporation granted subject to operational, investment, business and dissolution conditions.
The Central Government notified the South Arcot Diocesan Corporation, Cuddalore, as eligible for a charitable exemption under clause (23C)(v) for specified assessment years, subject to conditions that income be applied or accumulated for its objects, investments be limited to permitted forms, business income be excluded unless incidental and separately accounted, returns be filed regularly, and on dissolution surplus assets transfer to a similar charitable organisation.

Tax exemption notification: society recognised under clause 23C(v) subject to application, investment, accounting and dissolution conditions.
The Central Government notifies the Society of the Franciscan Servants of Mary for recognition under clause (23C)(v) of section 10 of the Income-tax Act for assessment years 1995-96 to 1997-98, subject to conditions: apply income wholly to charitable objects; restrict investments to forms specified in Section 11(5) (except certain retained voluntary contributions); exclude business income unless incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a similarly purposed charitable organisation.

Tax exemption notification: Institute notified under clause 23C(v) subject to investment, business, filing and dissolution conditions.
Notification under clause (23C)(v) of section 10 registers The Institute of the Franciscan Missionaries of Mary for assessment years 1993-94 to 1995-96, subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms specified by law; treat business income as incidental only if separate books are maintained; file returns regularly; and on dissolution transfer surplus to a similar charitable organization.