RBI issues guidelines for proposed plan to change how banks calculate lending rates
Posted Date : 02-Sep-2015 , 08:49:39 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) issued draft guidelines on Tuesday for its proposed plan to change how banks calculate their lending rates, which would make them more responsive to monetary policy actions but would likely be opposed by the sector.
Banks currently have a good degree of freedom i...
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RBI |
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New patent norms to ease filing for IT companies
Posted Date : 02-Sep-2015 , 08:43:24 am | Posted By CASANSAAR
The Controller General of Patents, Designs and Trade Marks has issued new guidelines for issuance of computer-related inventions, which could make it easier for IT companies in the country to register a patent.
The guidelines, issued on August 21, allow companies to show innovation in just softwa...
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Corporate Law |
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Govt accepts Shah panel report, no retrospective MAT on FIIs
Posted Date : 02-Sep-2015 , 08:38:16 am | Posted By CASANSAAR
Government accepts the Recommendation of the Justice A.P. Shah Committee to clarify the Inapplicability of MAT to FIIs/FPIs and has decided that an appropriate Amendment to the Income-Tax Act will be carried out;
Final Report of the Justice A.P. Shah Committee on Direct Tax Matters Constitu...
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Income Tax |
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Ms Anjuly Chib Duggal Takes Over as Secretary, Department of Financial Services(DFS), Ministry of Finance
Posted Date : 02-Sep-2015 , 08:27:39 am | Posted By CASANSAAR
Ms Anjuly Chib Duggal, IAS (PB:1981) took over as Secretary, Department of Financial Services, Ministry of Finance, Government of India here yesterday afternoon. She succeeded Dr. Hasmukh Adhia, IAS (GJ:1981) who, in turn, has taken over as Revenue Secretary in the same Ministry.
Before tak...
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Finance |
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India Announces New Partnership to Accelerate Financial Inclusion for Everyone
Posted Date : 02-Sep-2015 , 08:24:04 am | Posted By CASANSAAR
Government of India Joins the United Nations’ Better than Cash Alliance for Digitization of Payments to Achieve Financial Inclusion and to Share Success Stories from PMJDY,The World’s Largest Financial Inclusion Programme
The Government of India is joining the ...
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Finance |
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Dr. Hasmukh Adhia takes over as Revenue Secretary
Posted Date : 02-Sep-2015 , 08:22:28 am | Posted By CASANSAAR
Dr. Hasmukh Adhia (IAS:GUJ (1981) took over as the Revenue Secretary, Ministry of Finance, Goverrnment of India here today. Earlier Dr. Adhia was holding the charge of Secretary, Department of Financial Services (DFS) in the same Ministry. Dr. Adhia had also earlier worked as the Finance Secre...
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Finance |
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RTGS facility will not operate on 2nd, 4th Saturdays: RBI
Posted Date : 02-Sep-2015 , 08:19:54 am | Posted By CASANSAAR
The Reserve Bank has said that the Real-time gross settlement - RTGS system will not be operated on second and fourth Saturdays with banks observing public holiday on those days. In a notification issued from Mumbai, RBI said that the system will operate for full days on working Saturdays of the mon...
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RBI |
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CASANSAAR Online Blood Bank - Donate or Receive Blood & Save Lives
Posted Date : 01-Sep-2015 , 08:37:24 am | Posted By CASANSAAR
- Every 2 Seconds, someone in the country is in need of blood.
- Every year our nation requires about 4 Crore units of blood.-
Out of which only a meager 5 Lakh units of blood are available.
CASANSAAR is here with AN EXTREME NOBLE CAUSE, CASANSAAR Online B...
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General |
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CBDT makes transfer pricing scrutiny transparent
Posted Date : 01-Sep-2015 , 08:28:27 am | Posted By CASANSAAR
The income-tax department has reorganised the criteria of transfer pricing cases for manual selection for scrutiny of tax returns to bring it in line with international tax practices.
Transfer pricing cases where the I-T department has added at least Rs 10 crore to tax charged over the declared...
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CBDT |
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SEBI slaps Rs 2.5 crore fine on 19 entities for fraud
Posted Date : 01-Sep-2015 , 08:23:57 am | Posted By CASANSAAR
Market regulator Sebi has slapped a total penalty of Rs 2.5 crore on 19 entities for indulging in fraudulent trading in shares of SJ Corporation.
The Securities and Exchange Board of India has imposed the levy on these entities including the then promoters of SJ Corporation. They would be &...
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SEBI |
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Missing the Aug 31 deadline for filing ITR? Things you should know
Posted Date : 01-Sep-2015 , 08:12:16 am | Posted By CASANSAAR
August 31 is the last date for filing returns. If for any reason you miss this deadline, you can still file returns by the following March 31. Belated returns can be filed on or before two years from the end of the relevant tax year.
So, even those who missed filing their retu...
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ITR |
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CBDT extends return filing due date till 07th Sep.15 in Gujrat only
Posted Date : 31-Aug-2015 , 07:55:11 pm | Posted By CASANSAAR
CBDT extends the last date of filing Income Tax return in Gujarat. Earlier the last date was 31st August 2015, now its 7th September 2015.
...
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Income Tax |
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Petrol price cut by Rs. 2 per litre, diesel by 50 paise
Posted Date : 31-Aug-2015 , 06:55:42 pm | Posted By CASANSAAR
Public sector oil marketing companies announced a cut in retail selling price of petrol by Rs. 2 a litre and diesel by Rs. 0.5 a litre in Delhi on Monday. The price cut is inclusive of state levies and will vary from state to state.
The&nb...
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General |
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Use 3G or 4G Mobile Network for Income tax efiling website
Posted Date : 31-Aug-2015 , 06:36:12 pm | Posted By CASANSAAR
A Tip for accessing E filing Webste.
At the time of uploading ITRs, Try using Mobile 3G or 4G Network instead of Broadband Connection.
You will be able to access it Properly. Good Luck....
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Income Tax |
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Income tax E-filing site crashes due to excessive rush of taxpayers on last day
Posted Date : 31-Aug-2015 , 05:59:44 pm | Posted By CASANSAAR
The rush to file return by the taxpayers on the last day resulted in the crashing of Income Tax site on Monday.
The official website of the income tax department http://www.incometaxindiaefiling.gov.in was inaccessible on numerous occasions on the final day of filing return.
As per the Central...
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Income Tax |
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Nominate only senior officials to handle big tax demands: Government to revenue department
Posted Date : 31-Aug-2015 , 08:51:20 am | Posted By CASANSAAR
In the backdrop of ongoing high profile tax disputes involving blue-blooded multinational corporations (MNCs) like Vodafone, Cairn and, more recently, E*Trade Financial Corp, the government has told the revenue department to nominate only senior officials to handle big tax demands in an effort to av...
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Income Tax |
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Public sector bank was so successful it gave Rs 658 billion in profits to the Centre
Posted Date : 31-Aug-2015 , 08:45:32 am | Posted By CASANSAAR
We are so used to hearing about the distressed nature of India's public sector banks, which were just given (yet another) brand new government plan to revive them, we often forget about the performance of the biggest one: the Reserve Bank of India. After all, RBI too is a bank with paid-up capit...
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Banking |
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Money markets to remain open on all Saturdays - RBI
Posted Date : 29-Aug-2015 , 09:10:53 am | Posted By CASANSAAR
With government declaring the second and fourth Saturdays as public holiday for banks from September 1, RBI today said that all money market segments will continue to remain open on all Saturdays.
The forex market and government securities markets, along with all OTC derivative market...
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RBI |
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ICAI calls for major changes to Benami Bill
Posted Date : 29-Aug-2015 , 09:08:55 am | Posted By CASANSAAR
Representatives of the Institute of Chartered Accountants of India (ICAI), who gave a presentation to the Finance Standing Committee of Parliament here on Thursday, have suggested important changes in the Benami Transactions (Prohibition) Amendment Bill, 2015.
The ICAI representatives told the ...
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ICAI |
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Income Tax Dept Tightens Screws on Defaulters
Posted Date : 29-Aug-2015 , 09:02:48 am | Posted By CASANSAAR
The Income Tax Department has set a target of collecting Rs 82,000 crore from the Karnataka-Goa region this financial year.
Disclosing this, Income Tax Additional Commissioner Jayaram Raipura on Friday said the department had collected Rs 70,000 crore in the last fiscal. It is “tryi...
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Income Tax |
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RBI says banks will work full day on first and third Saturdays
Posted Date : 29-Aug-2015 , 08:46:04 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has given the go-ahead for all banks—public, private, foreign and co-operative—to keep their branches closed on second and fourth Saturdays of the month, effective from 1 September.
In exchange for the perk, bank branches will have to be open for full...
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RBI |
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RBI asks Govt to speed up reforms in banking system
Posted Date : 28-Aug-2015 , 08:17:48 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Thursday warned the Government that any delay in reform of the banking system in the country would lead to greater risk in the economy. “The current stress in the banking system suggests that the real economy will not wait for the banking system, and a slow p...
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RBI |
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Deloitte, KPMG, EY helping RBI in investigation of NPA cases
Posted Date : 27-Aug-2015 , 08:24:12 am | Posted By CASANSAAR
About a month ago, the Reserve Bank of India (RBI) received reports on forensic investigations it had ordered into the bad debt at two companies.
The RBI has never in the past hired private investigators or forensic experts to carry out such inspections — in these cases, to look for a...
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NPA |
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Income Tax Dept sets Sept 30 deadline for disclosure of black money
Posted Date : 27-Aug-2015 , 08:09:50 am | Posted By CASANSAAR
The Income Tax Department has released a half-page advertisement in Wednesday's newspapers asking people to declare their undisclosed assets abroad on or before September 30, 2015.
The advertisement, which has an image of a huge tree trunk with the palms of two hands around it has one messa...
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Income Tax |
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Amendments to the arbitration Act cleared
Posted Date : 27-Aug-2015 , 08:04:39 am | Posted By CASANSAAR
The government will move an amendment Bill inParliament to make India a favourable place to settle disputes through arbitration.
The Cabinet on Wednesday cleared the Arbitration and Conciliation (Amendment) Bill, 2015 for this purpose, amid companies such as&nbs...
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Corporate Law |
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0 | Hits : 1011
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Extension of the term of the 7th Central Pay Commission
Posted Date : 27-Aug-2015 , 08:00:50 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015.
Background:
The 7th Central Pay Commission was constituted by the Central Government on 28.2.2014....
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General |
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Govt to decide today on special session for GST bill
Posted Date : 26-Aug-2015 , 08:09:12 am | Posted By CASANSAAR
Looking to turn the Chinese stocks crisis to its advantage, the government is preparing to bat for a special session of Parliament to pass the GST bill, arguing that this will boost India's ability to buffer the Indian economy.
The Cabinet is expected to take a call whether to convene a...
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GST |
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ICAI takes back its decision on Mechanism to Monitor Tendering
Posted Date : 26-Aug-2015 , 08:04:12 am | Posted By CASANSAAR
REVISED ANNOUNCEMENT- MECHANISM TO MONITOR TENDERING
24th August, 2015
The Council at its 345th meeting held from 14th to 16th August, 2015 considered the concerns raised by members on the decision of the Council with regard to mechanism to monitor tendering hosted on the website of the ...
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ICAI |
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CBDT ready to address problem of over-pitched assessments
Posted Date : 25-Aug-2015 , 07:04:47 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) is “ready” to address the problem of “over-pitched” assessments by the officers of income tax department, its Chairperson Anita Kapur has said.
At the same time, the CBDT also expects enterprises and their consultants to contribut...
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CBDT |
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PSU Banks Plan to Sell Rs 2,700 Crore NPAs
Posted Date : 24-Aug-2015 , 09:39:27 pm | Posted By CASANSAAR
After a lull in asset sales markets in the past few quarters wherein state-run banks failed to dispose of their troubled loans, more such banks are planning to tap the ARCs this quarter.
City-based Union Bank of India, Karnataka-based Corporation Bank and Bank of Maharashtra today said they are p...
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NPA |
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