RIP Shakuntala Devi: Math genius who once had to drop out of school because her parents couldn't afford fee of Rs 2
Posted Date : 21-Apr-2013 , 08:35:21 pm | Posted By CASANSAAR
World-renowned mathematical wizard and astrologer, aptly known as the Human Computer born in Namma Bengaluru, Shakuntala Devi passed away in a private hospital in the city on Sunday.
She was admitted to the hospital two weeks ago due to respiratory and heart related problems. She died of ca...
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General |
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FinMin asks banks to get ready for 2nd phase of DBT scheme
Posted Date : 21-Apr-2013 , 07:40:10 pm | Posted By CASANSAAR
With government set to launch the second phase of Direct Benefit Transfer(DBT) scheme, Finance Ministry has asked PSU banks to put in place robust automated systems to ensure that the beneficiaries list does not undergo any changes. "All banks...need to have robust automated syst...
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Banking |
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Sebi, other agencies to join forces against investment frauds
Posted Date : 21-Apr-2013 , 07:38:03 pm | Posted By CASANSAAR
Amid a countrywide proliferation of fraud investment schemes, markets watchdog Sebi is joining forces with other agencies, including RBI, SFIO, Enforcement Directorate and state police departments, to tackle the menace. A large number of fraudulent schemes have come to the f...
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SEBI |
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Listed companies top in terms of pending investor complaints
Posted Date : 21-Apr-2013 , 07:36:23 pm | Posted By CASANSAAR
About two dozen companies, including state-run giants like ONGC and Coal India, had investor complaints pending against them for more than two months at the end of last fiscal, as per Sebi data.The latest data available with Sebi Complaints Redress System (SCORES) shows that a to...
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Category :
Corporate Law |
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Banks Will Now Be Fined Rs 1 Cr For Violating Every Single Norm
Posted Date : 20-Apr-2013 , 04:55:46 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) will now be able slap a penalty of Rs 1 crore on banks if they breach a single norm. If more than one norm is breached, then the fine will be multiples of Rs 1 crore. Earlier, the fine was Rs 5 lakh for a single violation.
The new norm came into effect after Section ...
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Banking |
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Company secretaries quit as firms grapple with governance lapses
Posted Date : 20-Apr-2013 , 10:19:03 am | Posted By CASANSAAR
Most of them are quintessential backroom boys whose job is to keep companies they work for on the right side of law. And, it's they who often end up paying an immediate price when employers indulge in sharp practices. The quiet exits of these professionals from listed companies in recent t...
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ICSI |
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Independent directors may have classes to attend before getting boards to Govern
Posted Date : 20-Apr-2013 , 08:29:52 am | Posted By CASANSAAR
If the ministry of corporate affairs has its way, independent directors in the country may soon see themselves in classrooms before they get into board rooms. The ministry is working on a proposal to develop "a training module" for independent directors to provide them a snap course on corporate gov...
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Corporate Law |
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0 | Hits : 369
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Forex reserves jump $1.4 bn to $295 bn
Posted Date : 20-Apr-2013 , 08:17:06 am | Posted By CASANSAAR
India's forex reserves jumped for the second consecutive week, rising USD 1.40 billion to stand at USD 295.25 billion for the week ended April 12, due to an increase in core currency assets. The reserves had gained USD 1.19 billion to USD 293.84 billion in the previous week. Fore...
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RBI |
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Clubbing allowances with basic pay for PF deduction on cards
Posted Date : 19-Apr-2013 , 06:32:28 pm | Posted By CASANSAAR
Decks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO scheme, a move that will increase savings but reduce take-home pay of over 5 crore subscribers. A review committee, constituted to look into the nitty- gritty of club...
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General |
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0 | Hits : 408
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Microsoft most attractive employer in India: survey
Posted Date : 19-Apr-2013 , 04:15:15 pm | Posted By CASANSAAR
IT and software major Microsoft has emerged as India's most attractive employer for the third straight year in 2013, according to a survey by HR service firm Randstad.
The company was followed by Hewlett Packard and Google India in the second and third positions, respectively.
Othe...
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General |
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Sebi may move to T+1 trade settlement cycle
Posted Date : 19-Apr-2013 , 08:26:12 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) is looking at the possibility of shortening the trade settlement cycle for domestic stocks.
In a discussion paper on Thursday, the capital markets regulator invited suggestions for the proposal to cut the trading settlement to the first day after th...
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SEBI |
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RBI to come up with new model to curb tax evasion
Posted Date : 18-Apr-2013 , 10:16:43 pm | Posted By CASANSAAR
The Reserve Bank Of India has decided to come up with a new model to curb tax evasion, post Cobrapost revelations.
On Wednesday, reacting to RBI’s probe report on Cobrapost sting, banking secretary Rajiv Takru had noted that audit report pointed towards some severe Know Your Customer (KYC) ...
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RBI |
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Govt hikes DA to 80%; to benefit 80 lakh employees, pensioners
Posted Date : 18-Apr-2013 , 10:13:13 pm | Posted By CASANSAAR
Union Cabinet today approved the proposal to increase dearness allowance (DA) to 80 per cent, from existing 72 per cent, benefiting about 50 lakh employees and 30 lakh pensioners of the central government. The hike would be effective from January 1, 2013 and the employees and pensioners wi...
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General |
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0 | Hits : 350
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Apply online for PF transfer, withdrawals from July 1: EPFO
Posted Date : 18-Apr-2013 , 06:09:51 pm | Posted By CASANSAAR
Over 50 million subscribers of the retirement fund body EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1, a move aimed at speedy settlement of claims.
“We have decided to set up a central clearance house which will be operational on Jul...
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General |
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CA Final Exam May – 2013 Change in Examination Centers
Posted Date : 18-Apr-2013 , 03:35:55 pm | Posted By CASANSAAR
Old Center
Existing
Center
No
Roll No.
From
To
Medium
New Center
University
Commmerce of
College, Jawahar
Lal Nehru Marg
Jaipur – 302004
153
132701
134105
133300
134304
...
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Students Zone |
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Income-tax department starts prosecution of TDS defaulters
Posted Date : 18-Apr-2013 , 08:45:49 am | Posted By CASANSAAR
The income-tax department in Mumbai has started prosecution proceedings against 700 entities for non-payment of tax deducted at source, or TDS, in fiscal 2013. The department has found that at least 2,000 entities defaulted on TDS payments in the year ended March.
The total TDS collection for the M...
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Category :
Income Tax |
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Banks may raise margin requirement for gold loans
Posted Date : 18-Apr-2013 , 08:34:24 am | Posted By CASANSAAR
Following a sharp fall in gold prices over the past few days, banks have started reviewing the margin requirement for loans against the yellow metal.
After dropping Rs 3,160 over the last three sessions, gold prices on Wednesday fell Rs 90 to Rs 26,350 per 10g, the lowest level since August 17, 201...
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Category :
Banking |
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0 | Hits : 312
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Tax case: Delhi High Court asks Nokia to appeal to Commissioner of Income-tax
Posted Date : 17-Apr-2013 , 10:32:09 pm | Posted By CASANSAAR
Nokia India today withdrew the writ petition filed in the Delhi High Court against the income tax department's demand notice of over Rs. 2,000 crore served on it for alleged evasion of taxes in its transactions here.
The High Court today directed Nokia to take their appeal to Commissioner...
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Category :
Income Tax |
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0 | Hits : 286
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Government drafting law on direct selling businesses to protect consumers
Posted Date : 17-Apr-2013 , 10:01:18 pm | Posted By CASANSAAR
The Centre today said it is drafting a policy on the direct-selling industry to address the concerns of consumers and strengthen the credibility of the sector that is providing huge employment opportunity. The industry sells various consumer products directly to customers rather than via retail...
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General |
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CA staffer carrying Rs 1 crore arrested
Posted Date : 17-Apr-2013 , 08:56:39 am | Posted By CASANSAAR
A 46-year-old employee of a Chartered Accountant was held with around Rs 1 crore, which he allegedly could not account for, in Grant Road area Tuesday evening. Police said the accused, Mohammad Islam Shaukat Ali Khan, was traveling in a BEST bus when it was stopped for a check at a nakabandi.
...
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ICAI |
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Chartered Institute of Management Accountants launches case study competition
Posted Date : 17-Apr-2013 , 08:53:46 am | Posted By CASANSAAR
Chartered Institute of Management Accountants (CIMA), a professional body of management accountant, is set to launch CIMA Whiz - a case-study competition for working professionals. The competition aims to bring out the best of analytical and decision making skills amongst business managers and make ...
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Income Tax |
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Gold loan companies extends fall, Manappuram Finance at 44-month low
Posted Date : 17-Apr-2013 , 08:45:57 am | Posted By CASANSAAR
Shares of companies engaged in gold loan business like Muthoot Finance and Manappuram Finance have extended their yesterday’s fall and trading lower by up to 10% after the sharp slide in gold prices.
Manappuram Finance is locked in maximum lower circuit of 10% for a second consecutive da...
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Shares & Stock |
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Sebi seeks suggestions from public on insider trading norms
Posted Date : 17-Apr-2013 , 08:42:31 am | Posted By CASANSAAR
Seeking to overhaul two-decade old set of rules for insider trading in the stock market, Sebi today said it has decided to seek inputs from the general public for drafting the new regulations in this regard.
The public inputs and suggestions have been invited on various aspects of the issue, includ...
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SEBI |
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CBDT asks CCITs to compile a list of all quality scrutiny assessments made during FY 2012-13 to keep a track on it
Posted Date : 16-Apr-2013 , 09:53:08 pm | Posted By CASANSAAR
COMPILATION OF QUALITY SCRUTINY ASSESSMENT CASES COMPLETED DURING FINANCIAL YEAR 2012-13
LETTER [F.NO. 225/65/2013/ITA-II], DATED 11-4-2013
I am directed to draw your kind attention towards Board's decision to review the Quality of assessments completed by the Assessing Officers during financ...
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Income Tax |
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0 | Hits : 332
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NRI devotee Ramalinga Raju from US donates Rs 16 crore to Balaji temple
Posted Date : 16-Apr-2013 , 07:02:37 pm | Posted By CASANSAAR
In a princely offering, an NRI devotee from US today donated Rs 16 crore to the famous hill shrine of Lord Venkateswara at nearby Tirumala. M Ramalinga Raju, an entrepreneur based in the United States, handed over the offering in the form of a demand draf...
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General |
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0 | Hits : 418
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Earthquake at Iran-Pakistan border, tremors felt in Delhi and parts of northern India
Posted Date : 16-Apr-2013 , 04:43:58 pm | Posted By CASANSAAR
Tremors were reported in Delhi, Gurgaon and other parts of northern India this afternoon after an earthquake of 7.8 magnitude struck the Iran-Pakistan border region.Mild tremors were reported in Chandigarh, where people said furniture shook for about half a minute.
Tremors were also r...
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General |
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Investment pacts can't be subject to foreign jurisdictions: FM
Posted Date : 16-Apr-2013 , 02:40:04 pm | Posted By CASANSAAR
Finance Minister P Chidambaram has made it clear that any bilateral investment protection agreement has to be subject to jurisdiction of domestic legal institutions and India will not allow it to be subjected to foreign courts or tribunals.
"We cannot allow highest court of the land to be subjected...
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International Business |
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No Change in the Schedule of The Chartered Accountants Examinations - May 2013
Posted Date : 16-Apr-2013 , 02:31:55 pm | Posted By CASANSAAR
April 16, 2013
NO CHANGE IN THE SCHEDULE OF THE CHARTERED ACCOUNTANTS EXAMINATIONS - MAY 2013.
Students appearing for Intermediate (Integrated Professional Competence) Examination may note that, owing to the Bye Elections to Ward 43 – Nangloi East and Ward 256 Yamuna Vihar of...
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Students Zone |
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SC orders banks to deposit Rs 400 crore
Posted Date : 16-Apr-2013 , 08:33:21 am | Posted By CASANSAAR
The Supreme Court, on Monday, ordered nationalised banks - Punjab National Bank, Union Bank of India and the Indian Bank - to deposit a sum of Rs 400 crore within 15 days with the Prothonotary and Master of Bombay High Court as part of the bank guarantee money due to the Boa...
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Banking |
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1 | Hits : 500
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Gold price crashes to over 15-mnth low; tumbles to Rs 27,600
Posted Date : 15-Apr-2013 , 08:18:27 pm | Posted By CASANSAAR
Gold prices Monday tumbled by Rs 750 to Rs 27,600 per 10 grams to hit an over 15-month low in the national capital due to persistent selling by stockists triggered by a heavy sell-off in global markets.
The precious metal, which had suffered the most ever in the previous session by losing Rs 1,250,...
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General |
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