Govt sets up Fin Commission; to look into pricing of utilities
Posted Date : 02-Jan-2013 , 06:47:42 pm | Posted By CASANSAAR
The government on Wednesday constituted the 14th Finance Commission under the Chairmanship of former RBI Governor Y V Reddy, which among other things, will suggest steps for pricing of public utilities like electricity and water in an independent manner.
Announcing the formation of t...
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Finance |
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Urjit Patel appointed RBI deputy governor
Posted Date : 02-Jan-2013 , 06:46:45 pm | Posted By CASANSAAR
Urjit Patel has been appointed as a deputy governor of the Reserve Bank of India, banking secretary DK Mittal told Reuters on Wednesday.
Patel will replace Subir Gokarn, who was heading the monetary policy department, among others in the central bank.
P...
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RBI |
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ICAI Elections 2012 - Updates on Counting of Votes (CENTRAL REGION)
Posted Date : 01-Jan-2013 , 03:22:10 pm | Posted By CASANSAAR
Central India Regional Constituency (Central Council)
Rank
Name
City
Total
1st Pref Votes
1
FADNIS MANOJ
INDORE
2105
1704
2
GARG VIJAY KUMAR
JAIPUR
2105
1689
3
GOYAL ANUJ
GHAZIABAD
...
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ICAI |
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0 | Hits : 6687
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Not all delivery-based deals qualify as investment activity - ITAT
Posted Date : 01-Jan-2013 , 07:46:45 am | Posted By CASANSAAR
Investors,who profit by frequently buying and selling shares, may have to pay higher tax if one goes by a recent order of a tax tribunal. Such profits can now be treated as business income with a 30% tax payout depending on the frequency and transaction pattern, against a short-term capital gai...
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Income Tax |
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Strike by RBI staff deferred
Posted Date : 31-Dec-2012 , 10:10:57 pm | Posted By CASANSAAR
The United Forum of Reserve Bank Officers and Employees has decided to defer tomorrow's proposed nationwide strike.
The forum said in a statement that the decision to defer the strike was taken after the RBI management gave an assurance that the currency and coins counters of the central ba...
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RBI |
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Extension of Common Proficiency Course (CPC) registration date upto 2nd April, 2013 for appearing in the June, 2013 Common Proficiency Test (CPT)
Posted Date : 31-Dec-2012 , 08:02:40 pm | Posted By CASANSAAR
For the Attention of Students -Registration for Common Proficiency Course (CPC)
BoS/Announcement/227/12
December 27, 2012
Sub: Extension of Common Proficiency Course (CPC) registration date upto 2nd April, 2013 for appearing in the June, 2013 Common Proficiency Test (CPT)
...
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Students Zone |
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India’s Total External Debt Stock Stood at US$ 365.3 Billion
Posted Date : 31-Dec-2012 , 07:25:09 pm | Posted By CASANSAAR
Department of Economic Affairs, Ministry of Finance has been compiling and releasing quarterly statistics on India’s External Debt for the quarters ending September and December every year. This relates to India’s external debt at end-September 2012.
At end-September 2012, India...
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Finance |
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Sebi slaps Rs 4 lakh penalty on Indiabulls Securities
Posted Date : 31-Dec-2012 , 07:24:01 pm | Posted By CASANSAAR
Market regulator Sebi has imposed a penalty of Rs four lakh on Indiabulls Securities for allegedly violating various norms for stock brokers including delay in redressing investor complaints.
Sebi has slapped the fine on Indiabulls Securities for not taking adequ...
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SEBI |
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Film industry to fast against service tax on January 7
Posted Date : 31-Dec-2012 , 08:35:54 am | Posted By CASANSAAR
Movie-goers may want to mark January 7 on their calendar as the theatres in the city are likely to remain shut. Theatre owners have been requested to remain closed as a mark of support to the film fraternity's day-long fast demanding repeal of service tax by the Centre.
The Tamil fi...
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Category :
Service Tax |
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0 | Hits : 542
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New intelligence unit to detect corporate frauds: Sachin Pilot
Posted Date : 30-Dec-2012 , 07:01:55 pm | Posted By CASANSAAR
Faced with a growing number of financial frauds, theCorporate Affairs Ministry is setting up a new intelligence unit that will delve into 'data mining' from all possible sources to detect any wrongdoings by the companies and their promoters at the earliest possible stage.
"In the Ministry, we ...
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Corporate Law |
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RBI defers implementation of Basel III norms to April 1
Posted Date : 30-Dec-2012 , 09:25:10 am | Posted By CASANSAAR
The Reserve Bank of India has rescheduled the date for implementation of Basel III norms to April 1. The earlier deadline was January 1, 2013.
This comes as a relief for banks as Basel III norms require the equity capital of a bank to be not less than 5.5 per cent of risk-weighted loans, as per the...
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RBI |
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ICAI Elections 2012 - Final Position on Counting of Votes (EASTERN REGION)
Posted Date : 29-Dec-2012 , 09:56:24 pm | Posted By CASANSAAR
Eastern India Regional Constituency (Central Council)
Sr. No.
Name
1
AGRAWAL SUBODH KUMAR
2
BANDYOPADHYAY ABHIJIT
3
GUHA SUMANTRA
Eastern India Regional Constituency (Regional Council)
Rank
...
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ICAI |
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0 | Hits : 1337
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Wipro gets shareholders nod for demerger
Posted Date : 29-Dec-2012 , 06:52:16 pm | Posted By CASANSAAR
The shareholders of soaps-to-IT services conglomerate Wipro have approved the company's demerger plan in a court convened meeting held in Bangalore on Friday. About 393 shareholders were present at the extraordinary general meeting including 18 from promoters and promoter groups.
In a state...
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Merger & Acquisitions |
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S Raman takes over as whole-time member of SEBI
Posted Date : 29-Dec-2012 , 03:41:06 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI), on Friday, appointed S. Raman as its whole-time member for five years.
“S. Raman took charge as whole-time member of Securities and Exchange Board of India in Mumbai on Friday for a tenure of five years or till attainment of...
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Category :
Income Tax |
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0 | Hits : 261
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Nationwide RBI employees strike on January 1
Posted Date : 29-Dec-2012 , 08:38:58 am | Posted By CASANSAAR
Employees and officers under the banner of United Forum of RBI Officers and Employees have called a country-wide strike on January one 2013 to protest the decision to close currency notes and coins issue counters from that date.
In a press statement issued by the forum, General Secretary of...
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RBI |
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MCA tightens companies' disclosure norms
Posted Date : 29-Dec-2012 , 08:36:43 am | Posted By CASANSAAR
Companies from now on will have to provide verifiable details of their directors and office premises in a tightening of rules which is being viewed as significant because of the controversy surrounding the Purti group linked to BJP chief Nitin Gadkari.
The new requirement has been prom...
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Category :
Corporate Law |
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0 | Hits : 483
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Delhi gang rape victim dies in Singapore hospital
Posted Date : 29-Dec-2012 , 08:28:30 am | Posted By CASANSAAR
A young woman who was flown to Singapore after her brutal gang-rape and torture in the Indian capital died here early Saturday, the Mount Elizabeth Hospital announced.
The victim, whose name has not been revealed, passed away "peacefully" at 4.45 am with her distraught family and In...
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Category :
General |
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0 | Hits : 480
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Ratan Tata's farewell letter to all Tata employees
Posted Date : 28-Dec-2012 , 06:47:34 pm | Posted By CASANSAAR
Ratan Tata, who stepped down as the chairman of the Tata group today as he turned 75, has written a warm farewell letter to his employees saying, “we have every reason to feel proud and feel confident in facing the challenges ahead”. Mr. Tata handed over the reins of the $100 billio...
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General |
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CS M S Sahoo appointed as Secretary of the Institute of Company Secretaries of India (ICSI) w.e.f 1st January, 2013
Posted Date : 28-Dec-2012 , 02:05:56 pm | Posted By CASANSAAR
Mr. Sahoo has over three decades of rich work experience in self-employment, private sector, public sector, regulator and government in varied functional areas such as reforms, policy, regulations, research and analysis.
Before joining the ICSI, he was an eminent legal practitioner i...
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ICSI |
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Ratan Tata to retire today, Cyrus Mistry to succeed him
Posted Date : 28-Dec-2012 , 12:12:48 pm | Posted By CASANSAAR
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $ 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires.
Marking a generational c...
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General |
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ITAT: No scope for unilateral changes in taxation treaties
Posted Date : 28-Dec-2012 , 08:10:50 am | Posted By CASANSAAR
In a breather to multi-national companies working out of India, theMumbai Income Tax Appellate Tribunal (ITAT) has held that retrospectively amending the definition of ‘royalty’ in the Income Tax Act, 1961 cannot automatically alter the provisions of Double Taxation Avoidance A...
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Income Tax |
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CBDT issues FAQs for qualified foreign investors
Posted Date : 28-Dec-2012 , 08:08:56 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has issued a set of 26 frequently asked questions (FAQs) on the tax framework applicable to qualified foreign investors (QFIs).
QFIs are a new category of investors — foreign retail and high networth investors — that the Governm...
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Income Tax |
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ICAI Elections 2012 - Final Position on Counting of Votes (SOUTHERN REGION)
Posted Date : 28-Dec-2012 , 07:54:14 am | Posted By CASANSAAR
SOUTHERN REGION Quota Declared.
The Quota for Regional Council is 1205.
The Quota for Central Council is 2268.
SOUTHERN REGION (SIRC):
Team Central Council - 2013-2015
S.NoNamePLACEStateExisting / NewTerm 2013-2015
2
BABU ABRAHAM KALLIVAYALIL
ERNAKULAM
KL
New
1st
...
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ICAI |
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0 | Hits : 2831
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ICAI Elections 2012 - Final Position on Counting of Votes (WESTERN REGION)
Posted Date : 28-Dec-2012 , 07:53:29 am | Posted By CASANSAAR
Western India Regional Constituency (Regional Council)
Final Vote count for everyone in WIRC
Rank
Name
City
Total
1st Pref
1
Parag Raval
Ahmedabad
2067
2067
2
Sushrut Chitale
Mumbai
1555
1555
3...
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ICAI |
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0 | Hits : 1944
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Renaming of the Integrated Professional Competence Examination (IPCE) IPCE
Posted Date : 27-Dec-2012 , 07:37:09 pm | Posted By CASANSAAR
26th December 2012
In terms of Notification NO XCA(7)/145/2012 dated 1st August 2012, “Integrated Professional Competence Examination(IPCE)”, stands renamed as “Intermediate (IPC) Examination” and would be known accordingly, with effect from May 2013 exam...
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Students Zone |
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0 | Hits : 882
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Diesel prices to go up by Rs. 10 in 2013: oil secretary
Posted Date : 27-Dec-2012 , 04:59:15 pm | Posted By CASANSAAR
Diesel prices are likely to go up by Rs. 10 per litre over the next 10 months while kerosene prices may be hiked by Rs. 10 per litre over the next two years, according to the petroleum secretary.
The price hike is being considered as the government scrambles to fi...
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General |
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Government notifies MCX-SX as recognised stock exchange
Posted Date : 27-Dec-2012 , 04:51:39 pm | Posted By CASANSAAR
The government has notified the country's newest bourse MCX-SX as a recognised stock exchange, paving the way for initial public offers, listing and trading of shares its platform.
MCX-SX (MCX Stock Exchange) has already got an approval from Sebi (Securities and Exchange Board of India) t...
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Category :
Shares & Stock |
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0 | Hits : 299
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RBI proposal may put 70% NBFCs out of business; over 9,000 companies may lose licences
Posted Date : 27-Dec-2012 , 08:09:22 am | Posted By CASANSAAR
More than two-thirds of non-banking finance companies (NBFCs) face closure if the Usha Thoratpanel recommendation on minimum asset size is implemented by the Reserve Bank of India, shutting a vital source of funding in many parts of the country.Nearly 9,000 companies lending to borro...
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RBI |
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Govt approves 12 FDI proposals worth over Rs 802 cr
Posted Date : 26-Dec-2012 , 08:37:05 pm | Posted By CASANSAAR
The government on Wednesday approved 12 foreign direct investment (FDI) proposals, including that of Ratnakar Bank, totalling over Rs 802 crore.
The Foreign Investment Promotion Board (FIPB) headed by economic affairs secretary Arvind Mayaram, however, rejected Mahin...
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International Business |
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0 | Hits : 388
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Companies must disclose CEO's pay in perspective of staff salaries: Govt
Posted Date : 26-Dec-2012 , 07:20:38 pm | Posted By CASANSAAR
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. "Publicly, there is so much debate about the companies spend...
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Category :
Corporate Law |
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