Bank NPAs: Net bad loans of 40 banks soar 38 pct to Rs 1.3 trillion in H1
Posted Date : 14-Nov-2013 , 07:44:52 pm | Posted By CASANSAAR
The net bad assets of the 40 listed banks have jumped 38 per cent to Rs 1,28,533 crore during the first half of this fiscal, from Rs 93,109 crore at the end of the last fiscal, and is likely to cross Rs 1.5 lakh crore by the end of the fiscal, says a study.
Out of the total 40 lis...
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Banking |
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Direct Tax Code to raise income tax exemption limit to Rs.3 lakh, introduces 'Super Rich' categ
Posted Date : 14-Nov-2013 , 08:25:24 am | Posted By CASANSAAR
In a time when high inflation is blowing holes in pockets of consumers, if a relaxation is granted on tax deduction, consumers will definitely get a reason to celebrate. Well, Ministry of Law and Justice has approved the proposal to raise annual income tax exemption limit from 2 lakh to 3 la...
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Income Tax |
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MCA conducted 282 investor awareness programmes in October
Posted Date : 14-Nov-2013 , 08:20:25 am | Posted By CASANSAAR
During the Current Financial Year, a total of 801 Investor Awareness Programmes have been organized by the Ministry of Corporate Affairs in various parts of the country (till the end of October) through its 3 Professional Institutes: Institute of Chartered Accountants of India (ICAI), Institute of C...
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Corporate Law |
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Change in the date of Holiday by ICAI on the occasion of Muharram - 15th November, 2013
Posted Date : 13-Nov-2013 , 04:58:03 pm | Posted By CASANSAAR
No. ICAI / HRD(P)/35/2013
...
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ICAI |
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Change of Examination Centre in Bareilly (U.P.) on 21st November, 2013 - ICAI
Posted Date : 13-Nov-2013 , 04:54:07 pm | Posted By CASANSAAR
No. 13-CA (EXAM)/N/2013/ Ann. /6November 11, 2013
Chartered Accountants Examination - 21st November, 2013Subject: Change of Examination Centre in Bareilly (U.P.) on 21.11.2013
Due to unavoidable circumstances, the Final examination scheduled to be held on 21st November 2013 at F....
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Students Zone |
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NSEL crisis: Jignesh Shah questions Grant Thornton
Posted Date : 13-Nov-2013 , 11:58:34 am | Posted By CASANSAAR
Financial Technologies India Ltd (FTIL) founder & Group CEO Jignesh Shah has questioned Grant Thornton’s forensic audit report on the Rs 5,600-crore settlement crisis at the FTIL-owned National Spot Exchange (NSEL).
Shah and FTIL are defending their 'fit & proper’ s...
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Auditing |
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Supreme Court makes it mandatory for police to register FIRs
Posted Date : 12-Nov-2013 , 08:13:03 pm | Posted By CASANSAAR
The Supreme Court on Tuesday said that it is mandatory for the police to register a First Information Report or FIR when a complaint is filed at a police station. So far, it was upto the police to decide whether to formally accept a complaint, though the Criminal Civil Procedure code says police mus...
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General |
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No Change in the date of examination scheduled for 15th November 2013 - ICAI
Posted Date : 12-Nov-2013 , 07:21:20 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India
No.13-CA(Exam)Nov-2013
November 12, 2013
ANNOUNCEMENTNo Change in the date of examination scheduled for 15th November, 2013
Certain enquiries are being received as regard to the holding of examination on 15th November, 2013 ...
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Question Papers of CA Final & IPCC Nov.2013 Exams
Posted Date : 12-Nov-2013 , 02:24:16 pm | Posted By CASANSAAR
Final Examination
GROUP I
PAPER - 1 : FINANCIAL REPORTING
PAPER - 2 : STRATEGIC FINANCIAL MANAGEMENT
PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS
PAPER – 4 : CORPORATE AND ALLIED LAWS
I...
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My Lord/Your Lordships sign of slavery, should be banned: Supreme Court
Posted Date : 12-Nov-2013 , 08:46:40 am | Posted By CASANSAAR
Addressing judges as My Lordor Your Lordships in courts is a relic of colonial era and a sign of slavery, a petition filed in Supreme Court said today and sought a ban on their use in the country. A PIL was filed today by a 75-year-old lawyer seeking the apex court's di...
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General |
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RBI waives 'No Objection Certificate' criteria for investment from NRI into finance firm
Posted Date : 12-Nov-2013 , 08:40:20 am | Posted By CASANSAAR
The Reserve Bank today waived the requirement of No Objection Certificate(NoC) with regard to share transfer from residents to non-residents where the investee company is in the financial servicesdomain. On a review, it has now been decided that the requirement of NoC(s) will be waive...
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Banking |
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Election Commission asks candidates to open separate bank accounts
Posted Date : 12-Nov-2013 , 08:39:22 am | Posted By CASANSAAR
Election Commission has issued instructions asking candidates to open a separate bank account exclusively for the purpose of election expenditure. The account should be opened not later than one day before the date on which the candidate files his nomination papers, a spokesman of Har...
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General |
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RBI allows FIIs to invest upto $5 bn in credit enhanced bonds
Posted Date : 12-Nov-2013 , 08:17:15 am | Posted By CASANSAAR
In a bid to attract capital inflows, the RBI today allowed SEBI-registered foreign institutional investors (FIIs) and qualified foreign investors (QFIs) to invest in the credit enhanced bonds up to a limit of $ 5 billion. These investments would be within the overall limit o...
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RBI |
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RBI cautions public against fake e-mails promising gains
Posted Date : 11-Nov-2013 , 09:26:59 am | Posted By CASANSAAR
RBI has cautioned the public against fictitious e-mails sent in the names of the central bank and Governor Raghuram Rajan promising windfall gains, saying it does not send out such communications.
The bank has run awareness campaigns about fake e-mails on a regular basis through its website and oth...
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RBI |
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New bank licences: Sebi scans listed applicants, group firms
Posted Date : 11-Nov-2013 , 09:23:04 am | Posted By CASANSAAR
As RBI gears up to issue new bank licences, capital markets regulatorSebi has also a job at hand that is of scrutinising all applicants coming under its jurisdiction directly or through group entities.Sebi's scrutiny follows detailed queries shot off by RBI to various regulators in India and ab...
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Banking |
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Passenger fees paid by Jet not liable to TDS, rules tribunal
Posted Date : 11-Nov-2013 , 09:19:13 am | Posted By CASANSAAR
The Mumbai Income-Tax Appellate Tribunal (ITAT) has held that Passenger Service Fees (PSF) paid by Jet Airways (India) to the Airport Authority of India (AAI) is not liable to TDS. The tribunal also dismissed the revenue department's appeal claiming a TDS liability of R34.40 crore and another penal ...
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Income Tax |
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Stern action will be taken against service tax offenders: FM P Chidambaram
Posted Date : 10-Nov-2013 , 10:30:18 am | Posted By CASANSAAR
Sending a stern message to tax offenders, Union Finance Minister P Chidambaram today said government was having enough information on economic wrongdoers and warned them of tough action, including arrest."Government has to send a message, a stern message, that such violation...
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Income Tax |
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Company Secretaries may soon be called Governance Professionals & ICSI will be IGPI
Posted Date : 09-Nov-2013 , 06:32:56 am | Posted By CASANSAAR
The Institute of Company Secretaries of India may get re-christened as Institute of Governance Professionals of India (IGPI).
Any such move would be in line with the institute’s recent aspiration to elevate its members from being compliance officers to governance professionals.
...
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ICSI |
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RBI allows third-party payments for export, import transactions
Posted Date : 09-Nov-2013 , 06:15:20 am | Posted By CASANSAAR
Easing procedures, the Reserve Bank on Friday allowed third-party payment for export and import transactions.
With a view to further liberalise the procedure relating to payments for exports/imports, banks are allowed payments for export of goods/software to be received from a third-party, the RBI ...
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RBI |
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ICAI Invites Suggestions for Pre-Budget Memorandum-2014
Posted Date : 08-Nov-2013 , 03:31:53 pm | Posted By CASANSAAR
The Direct Taxes Committee, Indirect Taxes Committee & Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda- 2014 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Taxes...
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ICAI |
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CBI 'unconstitutional', can't investigate crimes, says Gauhati High Court
Posted Date : 08-Nov-2013 , 12:32:46 pm | Posted By CASANSAAR
The Centre is preparing to challenge an unprecedented court order that says that the Central Bureau of Investigation or CBI is 'unconstitutional' and does not have powers to investigate crimes.
The government's main investigating agency stands to lose its powers to probe, file FIRs or First Informa...
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General |
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NSEL: EOW starts attaching properties of defaulters
Posted Date : 08-Nov-2013 , 12:12:55 pm | Posted By CASANSAAR
The Economic Offences Wing (EOW) of the Mumbai Police on Thursday issued orders to attach around 25 properties belonging to defaulters in the matter related to the settlement crisis at the National Spot Exchange (NSEL).
According to a senior EOW official, the police have identified a total ...
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Shares & Stock |
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Sebi to rewrite rules on CEO compensation, pay committee may become compulsory
Posted Date : 08-Nov-2013 , 09:28:27 am | Posted By CASANSAAR
Excessive chief executive salaries may get reined in soon, with India's capitalmarket regulator planning to rewrite the rules on compensation.The Securities and Exchange Board of India, or Sebi, is considering a proposal to make it mandatory for companies to get remuneration packages of promote...
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Corporate Law |
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RBI permits foreign banks' subsidiary to acquire private banks
Posted Date : 07-Nov-2013 , 08:31:48 am | Posted By CASANSAAR
The Reserve Bank permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country. It also allowed foreign bank subsidiary to list on local stock exchanges. However, foreign bank subsidiary will not be allo...
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Banking |
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Sebi revises system Audit guidelines
Posted Date : 07-Nov-2013 , 08:25:55 am | Posted By CASANSAAR
Market regulator Sebi asked bourses to report all major non-compliances and observations by system auditors of stock brokers on a quarterly basis. The exchanges are also required to ensure that all major audit findings specifically in critical areas, are rectified ...
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Income Tax |
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Direct tax collection up 11.58 per cent in April-October at Rs 3.37 lakh crore
Posted Date : 06-Nov-2013 , 07:30:52 pm | Posted By CASANSAAR
Amid a slowing economy, gross direct tax collection has risen by 11.58 per cent to Rs. 3.37 lakh crore during the April-October period of fiscal year 2013-14 (FY14), according to official data.
The collections had totalled Rs. 3.02 lakh crore during the first seven months ...
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Income Tax |
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Date Extended for Giving Suggestions for the 3rd & 4th Tranche of Draft Rules Under the Companies Act 2013
Posted Date : 06-Nov-2013 , 06:42:16 pm | Posted By CASANSAAR
The last date for the public at large for giving suggestions/ comments to the Ministry of Corporate Affairs regarding the 3rd and 4th tranche of Draft Rules being framed under the Companies Act, 2013 has been extended to the 10th of this month. In these 2 phases, Draft Rules have been framed on depo...
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Corporate Law |
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Notification
Posted Date : 06-Nov-2013 , 02:57:31 pm | Posted By CASANSAAR
No.13-CA(Exam)/N/2013/III: In continuation to Notification No.13-CA(Exam)/N/2013/II dated 8thOctober, 2013 and in further partial modification of the Institute’s Notification No. 13-CA(Exam)/N/2013 dated 5th July, 2013, it is hereby notified for general information that in view of the Constitu...
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Students Zone |
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Companies under scanner in NSEL case: Sachin Pilot
Posted Date : 06-Nov-2013 , 08:41:27 am | Posted By CASANSAAR
Corporate affairs minister Sachin Pilot on Tuesday said certain entities are being scrutinized to check whether they have violated any laws in the NSEL case.
National Spot Exchange (NSEL), promoted by Jignesh Shah-led FTIL, is grappling with a Rs 5,600-crore payment crisis....
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Corporate Law |
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Time Period Ends for Giving Suggestions for the 3rd & 4th Tranche of Draft Rules Under the Companies Act 2013
Posted Date : 05-Nov-2013 , 06:34:49 pm | Posted By CASANSAAR
Today i.e. November 5, 2013 was the last date for the public at large for giving suggestions/ comments to the Ministry of Corporate Affairs for the 3rd and 4th tranche of Draft Rules being framed under the Companies Act, 2013. In these 2 phases, Draft Rules have been framed on deposits, SFIO, Nation...
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